Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-11-20
APPEAL TO THE COURTS
Next Move That is Expected in the seaboard
Deal.
Mr.. Ryan Denies That He Has Been
Acting i'm the Interests Of the
Southern Railway Co.
Special Dispatch to The Evening Star.

BALTIMORE, Md, November 20.-That
big WAR is about to break out between
the present management of the Seaboard
Air Line Railway Company and Mr.. Thorn
as F. Ryan of New York and those who
are associated with him in the apparently
collapsed deal for the possession of the
property of tae former, and also that the
struggle between the Seaboard and the
Southern. which ragged with such fury un-
til recently, is about to be reopened seems
inevitable to, those who are posted on the
progress of event, in this connection.
In an interview in New York Wednesday
On the subject Of the deal and which was
confirmed by a dispatch received in this
city yesterday, Mr.. Ryan said: Il own now
more stock in the Seaboard and Roanoke
Railroad Company than all the directors
and officers Of the company put together
and 1 expect to have something to say re-
garding its future"
With reference to a report that he had
been acting in the interest of the Southern
Railway Company in the deal. and that he
would not operate the road Independently,
Mr.. Ryan said: THAT report has never had
the least foundation in fact, and so stated
to Messrs. Louis McLane, Moncure Robin
son and l.. r. Watts, who signed the con-
tract for the execution of the deal. j have
never in this transaction, either directly
or indirectly, represented the Southern
Railway Company or anybody interested in
that company or interested in any southern
railway company whatever or anybody
wha tever but myself.
The only conditions imposed by the gem
tlemen named were that i should purchase
the stock Of the Bay Line Steamboat Com
pany at a price agreed upon, and should
give to every holder Of stock in the Sea-
board and Roanoke railroad the privilege
of selling his stock at that price
1T was further agreed that time be al
lowed FOR the examination of the books,
and no. IL bot psff af nm has,
and sale was executed / paid the pool
s60,UVO. The options secured by Gen. Gill
were also paid for
The most intense interest continues in
the business and railroad circles of this
and other cities in reference to the final
outcome of the trouble, and the question
appears to have resolved itself into the
problem DIS to whether The contract en-
tered into between Messrs McLane, Rob
inson and. Mats was strong
necessary 10 make ii effective, or whether
IL was 80 weak that il could not stand
test when the time for trial came. The
general impression here and elsewhere is
that the courts will be asked to pass upon
this phase of the case.
1t is now asserted by some of those who
are usually well informed most big
financial Transactions that the syndica lie
of which Mr.. Ryan is the head and repre-
sentative will take immediate steps to force
Messfs:- McLaife, Robinson and Watts, who
We're officially known TO Mr. Ryan as the
stockholders committee TO turn over their
own stock at the price agreed upon, Sl25
per share, well as whatever other
sha srs5the pool may have consented TO a
sale at that price. without regard to the
agreement under which the stock was
pooled.
The evidence that the Southern believes
that ii has another struggle impending
with the Seaboard is to be found in the
statement that seems TO be well au;henti-
GATED ihsi the management of the South
ern has ordered an additional steamer for
service between Baltimore and Norfolk the
establishment of which line afforded the
pretext for the declaration of war by the
Seaboard against the Southern last sum-
mer.
A circular was sent Wednesday 20 the
members of the pool committee 10 the
stockholders, who had deposited their hold
ingS with the committee, giving a report of
the earnings and expenses Of the company
during the three months the rate war was
in active progress. The statement is as
follows: .-..--.ss --..
Comparative statement of the Seaboard
and Roanoke Railroad Company for the
three months ended with september 80
1886: Gross receipts so11 6go9g: operating
expenses. ..Sli6, SsI 30 making the net re-
ceipts 11.33i9, AN increase of S29o7J15
as compared with the corresponding period
Of ls St5 "a. 4sf2,s. MAN, ., ~,
Air Line. system for the three months end
ed with September, 1896. compared with
the three months ended with September
1873: Gross receipts, 1886. SS13.20I 6s:
operating expenses, S6.:i 6o5 III: net receipts
81 I,1s3."T; balance in favor of 1896. sll3.-
49, "a
The annual meeting of the stockholders
OF the Georgia, Cacolina and Northern and
the Seaboard Air Line Belt railroad COM
panies. both of which are owned and con-
. trolied by the Seaboard and Roanoke Rail-
ROAD Tom pahy, Vas held today at Atlanta
sia, .anfo President Hoffman and Vice
Opposition.
Inc annual meetings of the stockholders
of the Raleigh and Augusta Raleigh and
Haston, Durham and Northern and Pal
iie'.o companies We're held at Raleigh. "
G., yesterday, and for each Messrs Hor-
man ana st, John Were elected president
ana vice president, respectively AT e.cb
meetns also the official course Of those
sen.ieineh during the past year was in