Evening star., 1896-10-29

evidence of their good intentions. In this
direction and with this end in view they
nave, II Is understood, extended for a
snort time the period for the closing OF
the deal or the termination Of the option
as the case may turn out to be.
1t Is said on good authority that when
the option was first given to Messrs. Ryan
and Thomas these gentlemen deposited a
large sum of money subject to the order
OF the gentlemen composing the present
pool committee guarantee. They
further agreed to pay, IL is said the bal
ance within period mutually agreed
upon.
Meanwhile the Seaboari was to continue
In the hands Of its old owners: but as soon
was to be transferred TO the Ryan and
Thomas syndicate to be operated under
their direction.
Much to the surprise OF everybody who
had any knowledge of what was transpirinS
the syndicate was unable or disnclincd
when the day for final payment arrived to
pay the full sum. Ii was understood that
those who had undertaken to raise the re-
quired sum- said to be over sl.oeoOo0 had
found that they could not 10 so on such
terms as they were authorized to make
with money lenders. and he syndicate
came forward. Ii is said, with an offer to
pay half the amount in casn and the bal
ance la few months, with interest from
GATE.
Mr.. McLane's Refusal
To this Mr.. McLane refused to give his
consent, and it was then that the owners
of the Louisville and Nashville showed
more plainly than had ever before been
intimated that the Seaboard, IL for sale,
would be regarded by Them as a very valu-
able acquisition TO their already great sys-
TEN.
1t was even report ad that .he Baltimore
and Ohio. though IL is in the hands of re-
ceivers. has helped TO preven: Ryan and
Thomas from making the deal for the Sea-
board up to this time by having exercised
through certain capitalists who are heavy
hackers OF the present management an in
fuence in Wall street which proved a bar
f1er to the ambitions of the gentlemen
named II is well known that there are
some of the largest and wealthiest holders
OF b. and o. securities who disposed 20
thwart the will of Mr.. ]. Pierpont Morgan
whenever they can find an opportunity TO
do SO. on account Of impednents said TO
have been thrown I'm their way in the car
rying forward Of plans In reference 10 the
development of the abilities of the b. and
-. TO earn money, when a few months aro
after having invested several millions in the
securities of that corporation he was said
10 have refused to put UP any more funds
cnless the services of four men whose
names he designated. and who had been
with the company for many years. were
dispensed with.
Strained Relations Resulted.
The demand made by Mr.. Morgan could
not for various reasons be complied with,
ana since that time the relations between
THAI capitalist ard the gentlemen referred
10 have been strained to a considerable ex-
tent.
Whether the Louisville and Nashville
would as owners of the Seal oard work i'm
harmony with the Southern in the main
tenance of rates for the transportation of
lreSht and passengers when each was
con petfng for east bound traffic is a ques-
uon which must for the present remain
unsettled. ard ii is hardly likely that un-
L.. n. IN ffS i,.t.
TO be a peaceful ally of the Southern il
would occupy that position.
In former days President Milton H.
smith of the L. and n. has shown that he
could when occasion required il treat an
opponent TO very drastic measures and
as rate cutter his record shows that
he could give Mr.. St. John and other gem
temen in that line of business in the
east points which would convince them
that TO antagonize him seriously would
mean utter Generalization for the tim,
being TO the treasury department of the
road they might have in charge.