Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1892-03-15
Railroad Affairs

a spseIai dlsoalcn from New York last
night, says: Richmond Terminal matters
are said to be getting into definite shape.
All the principal Interests In the Richmond
Terminal Company will meet tomorrow 10
tost city end the affairs of the company will
then be adjusted. What Ia known there az
the First National Bank party, consisting Of
George 8. SCOTT, George F. Baker, 81. @.
FahnessCck and other bankers. will come TO
the front Ia Richmond Terminal affairs and
will be given representation on the directory.
Mr.. Oakmsn ia expected to be elected pes
ideut OF the Terminal system. There Ia TO
friction between any OF the large insere sts
and everything Ia expected to move harm mo-
uiously. The Baltimore and Ohio B.ich.
mond Terminal s.ory Is doubted by every
cue 10 Nav York. Some sort of a traffic ar
rangemcnt between the two Systems at
Washington may come slcng In the near tu-
turs.
Another statement is that the old Rich.
mond and DanYiila party has stepped to the
'front.' ir the Richmord Terminal reorg aniz :.
don ard Will give IL the financial backing
required. Ole condition on which this Ia
done Ia that Vioe-Pfesldent w. G.. Oakman,
Of Jersey Central, formerly vice-president OF
Richmond aud DaBville, ehall be made pres
.dent of the system, ard this condition has
been conceded By Other interests. President
Inman will retire. 1t is understood that
the recent large selling of Richmond Term
insl 81 and other Riohmend Terminal seour-
tiles has come from the Inman interest. The
old Richmond and Danvile party inc'u1es
the Flrst National Bank people. Winslow,
Lanler & Co., j. Kennedy Ted & %. anc
others.
Mr.. Inman aays that he tried to induce
Mr.. Oakman to accept the presidency ofthe
company last November, which Mr.. Oak.
msn at the time declined. o. last Wednes-
day he again urged him to take 1t. Mr..
OAkman knows the Richmond ard Danvi!ie
properties thoroughly. having been Its fret
sice-presidsnt for several years, and Mr.. In.
man thipks a letter msn could not be iouDd
for the position and will give MIR. Oakmau
hts hearty support snd approval. Mr. In
man also confirms the statement that he had
sold scme OF his securities, but states posi-
lively tibet he still nas large monetary in-
teres. In the property, and wishes the Olcott
sommittee's plan all possible eueoess.
Tee WaN Street Journal seys: "rhe de-
csou OF the Oicott committee to go ahead
wish their plan without tbs Georgia Central,
modifying 1t accordingly, Ia considered a
boid move to overcome opposition, and
get appeals to the present holders Of
Richmond Terminal securities With special
force. The advantage to the Rlchmot and
DanVille in THE: At prege 1t under tho Iesse
1t guarantees per cent on Georgia Central
stock, while of tde same time it owns a
majority OF the stock. To get lid of this
guarantee, and as the same time keep the
property By virtue Of ownership OF the stock,
is 6 spscial advantage.
A Macon special Gays: 10 the application
for permanent receiver of The Georgia
Central Railroad Company here to-day, new
matter was Introduced into the case by a
o. Bscon, prominent attorney, acting cs.
tsnsibly for himself and @. N. Woodruff.
Bacon made strong argument for O perma-
cent recsiver. The CASE was POSTPONED no.
Ill the "a b infant to GLOW dsfsnse time to
| make reply to the nav points. General
! opinion here Ia that permanent receiver
will be appointed."