The times. [volume] (Richmond, Va.) 1890-1903, 1892-05-18

An Omoial Announcements Probable Assess
mont Ipon the stock.

mcnt Upon the stock.
In New York late Monday afternoon the
Richmond Terminal reorganization COM
mitteo AZ t. result Of q meeting made the fol-
loving announcement.
Holders of underlying securities having
failed 20 deposit an amount sufficient 10 con.
stitute basis for the proposed issue OF
bonds and 10 enable tie committee % de-
clare the plan effective the committee
deems 10 proper % inform tie holders Oh
certificates OF the Central Trust Company
and of the securities OF the Richmond
and West Point Terminal Railway anu
Warehouse Company and rs auxiliary corpo-
ratIous OF this fact. In tie absence OF ade-
ouute assent by the underlying securities
contribution by tho stockholders of the l.icA-
mOnd Terminal Company and the holders OK
other inferior securities may De necessitated'
but rs this would be- ~ conflict MIL the de-
cared OBJ ects OF the committee and OF the
plan proposed by IL, it cannot he adopted as a
modification or alteratI ~ OF the plan j ne
present announcement Is made 70 gtfe OPP
portuuity 20 all parties interested IN tno pres
eryatiOu of the properties 10 take sHcii acll9H
a. they may think lest % that end. Tho
Central Trust Company Is wiling, IN the
meantime 10 retain the custody or tne Sc
curities already deposited. and the mmittee
will continue in existence only 500 long Us tie
interests Of the certificate holders shall re-
Quire
Al the same time that the committee was in
session a meeting was held IT the Office ~
Nsssrs Work. Strong a. Co.. OF holders OF
securities OF the Richmond and W esd FONT
Terminal COMPANY 40 which Colonel VIII
liam /. Strong presided About 2j.Oj0
shares Of the common stock were rep
resented besides large holdings OF tie
bonds and underlying securities. mere
vare present at tho meeting General
S.muel Thomas Messrs W. j. Clyde. Heman
clarke aud George A. Low and representa-
i've. II Nessrs. MOerishOher a. Co.. Charles
Head a. Co.. Donald Gordon Co..
= +. Johnson az Co.. Edward Sweet az
Co. W. L. Patton a. Co. Body. DC
I.lian a Co.. Work. Strong a. Co., w. T..
Mortimer White. Morris AZ Co.. Spencer.
Trask d Co., 3lo0re schley aud Myers ~
Ruthsriuri.
Ar.salution was adopted. after AZ informal
discussion instructirg the chairman 20 APP
point a COMMITTEES OF three 70 confer with tue
reorganization committee ~ regard 20 tie
affairs OF the Richmond Terminal Company
and report nj "a meeting 10 5e held az the same
office on May lsth az $3.50 o'clock. The resO-
lution provided that Colonel Strong should
himself be one of TINS committee and be
named as his associates General sam.
Thomas and Mr. ". j. Clyde. Mr. John 4.
Rutherfurd acted as secretary % the meet
ing and will besecretary a.sOOf the committee.
This meeting was practically Of the same
security holders that appointed the Olc0tt
committee five month ago and there are rea-
sons for believing that the reassemb.ing of
those security holders al the same time that
the Olcott plan was withdrawn was not a co
incidence. 10 is surmised that the commit
tee OF three appointed yesterday has in hand
the outlines of plan which will be sub
stitutel for the one Withdrawn. and that
in due time IL Will submit II . the public and
ask the holders VINO have deposited their Sc
curities with the Central Trust Company TO
accept il IN common with other security
holders Another probable step is fusion II
part Of the Olcott committee with the new
committee II is = foregoue conclusion that
the new plan will include an assessment upon
the Richmond Terminal stock and all of the
other inferior securities.