The times. [volume] (Richmond, Va.) 1890-1903, 1896-10-21
A NEW SEABOARD RUMOR
THE LOUISVILLE AND NASHTILLE
WAN1S CONTROLLING INTAREST.
II IL Succeeds Another Big Rate War
with the Southern Would Not Be Inn
probabic--So In the Air.

The Washington Star of yesterday says
IL Is currently reported here among
holders OF southern railway securities
that while the friends OF the Southern.
Messrs. Ryan, Thomas. and Gill. have
secured the absolute control OF the Sea-
vVdIu Company s,v,A, c,cnt5 mns vc'
cur within tho next lew days. possibly
~Itnln tne neat lew nOuis, wnILA ilia)
change the whole situation anu convert
The SrabOard from ftiend OF the SCUM
cin into a bitter enemy ana cause the
outbreak Of another rate war.
Mr.. Ryan has been III Baltimore since
ia-t iu-A hi-ht qua iias ..cio hume" Jus
conferences with President h. turlOu
pOnman, during which. II Is understood.
ali the details concerning the transfer
OF tho SeaDOgrd STOCK were competed.
Last nIsnt no suuuenly returned TO New
York 10 attend 10 some important busl-
ness. which prevented ms longer remain
ING IN Baltimore. and no said that the
business consisted or the consideration OF
"a proposition from the representatives.
of the Louisville and nashville ROAD 10
transfer the SeaDoard stock 40 the Louis
vile and Nashville company at very
handsome advance on the price when
tney PAID for IL.
THE SOUTHERN ALARMED.
Whether or not there is any basis for
tins IuniOr al - q TACT that the report
nas created niuCn alarm among the
.rends OF the southern. who are opposed
10 renewal Of nOsuities between the
two railway companies, winch were nsnt
ing 50 bitterly Tor many weeks up 10 a
short time ago. and II inc LOUISVILLE ana
.~asnNlne road should secure control OF
the SeaDOard Air Line, together with the
Otncr properties recently acquired p3
Mcssrs. hyan and Thomas, II Mouio
.irite competition 10 the southern witn
which that exercised By the Seaboard
as not a Circumstance.
IN. Louisvine ana Nashville and the
Southern are already hgDung each other.
although there has been no rate war.
and il is SAID that the two companies
are on the verge Vi open hSntlhS ~! t"e
pJssessiOn vi the Central railroad OF
DeOTsia. which Is opei ated under }olhI
ieasc Uy the TWO roads, but from which
the Louisville and Nashville Is trying 10
Gust the Southern.
SOMETHING IN THE AIR.
General John Gill the Baltimore mem
Der OF the kyan-Giil syndicate, was seen
ny a Star reporter at ms onice IN the
AercantIIe Trust and Deposit Company >
OuIlulng, IN Baltimore, THIS afternoon.
and General Gill was asked whether II
vas true that the syndicate had secured
the actual control OF the SeaDoarn Ar
Line. and also whether there was any
basis for the rumOr That the l.oulsNliie
and Nashville was trying 10 buy the
road from The syndicate.
General Gill replied: -,
Il did not see Nlr. Ryan durlns ms
stay in Baltimore and he had 10 SO back
20 New Urk iast night TO attend 10 some
matters which could not be longer de-
iayed ] do not know whether the money
10 secure the Seaboard has been paid or
not but think that II the star viii not
publish anything about the Seaboard for
Two or three days / can then give II
some very interesting information. and
by that time Messrs. Ryan and Thomas
VIII be ready 10 fully outline their plans
for the future management Of the Sea-
board"
President Hoffman. when interviewed
by a Star reporter. said he knew moth
ing as 10 what the future would bring
forth, but that the stockholders could
turn out their president at any time.