The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-11-14

arairs had been stated in the New York
anu baltimore DISPATCHES.
SAID general officer of the SeahOard
Air Line yesterday afternoon, wnen
SHOWN g. Associated Press dispatch.
stating that the hitch WAS caused by
the refusal on the part of the cumpanE's
ottclals 10 allow an expert examination
OF the books: Il do not know whether
or not ihe Seaboard had agreed to al
low Such examination, but II ii did I am
sure Air. Hoffman would not allow the
agreement to lie violated. l don't think
the story Is true"
SPH1NN-LIKE SILENCE.
Fice-President St. John was sphinx
like when approached on the subject.
Judge Legh Il. Watts, general counsel
or The road and Il member Of the big
pool, SAID: Il cannot talk on the sub
SALE NEVER ADMITTED.
1t las never been admitted at the
general offices OF the road here ina!
there had been an option obtained on Il
controlling interest! Mir. Ryan undouUt-
ed!y secured a large block OF stock, but
although the fact is not generally
known, it is highly probable that the
remainder is even now in pool t. So
cure the control in the hands in which
Il is now vested.
The present aspect of the situation Is
ta2t the control of the Seaboard. ana
with ii that Of the Baltimore Steam
RACKET Company, Will remain In its
present hands and the aggressive policy
" both lines will remain unchanged
This state of anars VIII be brought
about BY the manner in which large
locks OF stock are sealed in voting
Inis is the view OF the matter in Bal
tilnore. New York and Atlanta.
LOOKS LIKE IT'S DEAD.
The Atlanta Constitution, which is
mi l. ~
following TO say relative 10 the s!tua-
ton:
There is no sign of life this week In
the Se2board Air Line deal. Mr.. Ryan
and his syndicate are not saying q
word. but Ii is very evident that 10 rep
resentativc OF the syndicate has e!t.!tr
made an examination g: thc road o.: of
the books Cf the Seaboard Company.
1t Is understood that the syndicate got
an extension of tiEle or gave one until
November 18th in which the transfer OF
stock could De made. That time extern
son was given 10 enable the pool to cor
"a! more stock for the syndicate. The
pocl got hold OF about 5000 shares. first
and last. but Mr.. Ryan wanted more.
FL seems that President Hoffman. Of
iie Sc2boar1 has the pooled stock HIM
SEE, and he, perhaps. does not care
much whether the Ryan people take the
SeabCard or not. Ii Mr.. Ryan does not
set IL. Mr. Hoffman VIII remain in con
troll. and the ScIDoard Will so right Lack
70 its p0.i,y. il A!r. Ryan does buy
Alr. HOFFMAN will set iigh figure f6,
ais stock in the SsIholrd ana Roanoke
ANA in the Baltimore !.can Faci,e!
Company. The trouble which has been
experienced by the pool IN getting CON
tEol 81 more OF the SeabcaTd ana Roa-
nuke STOCK. no doubt, exists IN the fact
nat numaer OF stockholders in that
property have nauch larger interests IN
other properties controlled ny tha;
road. AS has been stated III The Consti-
:u,!on before man who owns $1,000
81 stock IN the Seabuard ana Roanoke,
and $4,000 or $1,000 Of other $ eur!.ies
controlled hy The Seaboard and Roanoke
Is not gu!.g 10 Sc! control %: the Who'll.
thi!.s even ~ $l2j fov his common st0c';.
] nat IS the :atik in the CCcoarut. II is
sGil that the astutc Nj. Henry Craw-
M McLane ana Judge Watts Tor The
delivery q Il controlling Interest in the
@e"t5ari Is binding IS il mieh! have
beSh Inc agreement was concluded So
"ts ~, ga he r1yrn!ns Of The s;e@buari's
innua! election that the terms We're
noe set out w!th the eXac;neS5 which IS
usual III t"e papers which! M Crawford
.'os.sel or.
"rne syndicate paid down $4,000 TO
bind the agreement. W.4e,he. tAe I,cl
": give UP that nancy is question
which may have 10 he settled ia the
courts
1T is understood that Msssrs Ryan
and Crawford We're buying the SeabcaYi
Is personal speculation. The system
has made q wonderful ircYeasc In revc-
uue In the last three months. and if the
present rate can be kept UP. President
norman and HIS associates will lie per
iUC.ly willing 10 hold on. The Atlantic
Coast Lire has gone into deal with
the Southern. ana the Seaooard is now
IriUG business IN the Coast Lines tc".
ifCrI- from which IL was GcharTcl be-
fore under an aGreeE!clT Win Tie CCaS;
Line.
''Mr. Moncure Robinson returned this
week from trip over the S;eaboard aud
1t IS reported that II" l. ua, eager TO sci!
out u,T-even u; Sts5 8 sl1crc for his
SeaLcgrd stocl ana $l40 for his steam
BOA; STOCK. SO tie iu..lg:-.lui.. are t.ut
sae deai viii fan th!ous a SNd hat the
present infringement Win continue 10 do
'isi0css a. the same 81 i stand ana IN
pretty much the same CID way. which is
rGthcr lively way for other roads in
he South.
1T IS said iilat President Hoffman is
after General john Ill Tor trying to get
rim out Of the SsGboatd."
TIE NEW TIthNGA1I.h MTG LINE.
President samuel Spencer. Of tn.
Southern railway. has given ii out when
the new line OF steamships from Nor
folk 10 foreign poris win begin. lie
says: The first forus !ghuy trip of the
new export line between Norfolk and