New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-22
SEABOARD AIR LINE.
RESTRAINING ORDER GRANTED TO Pfh'ENi
CONSOLIDATION. BUT REVOKED.

NN-N'D'f'N''
>pa,a,eb Y C Dec N.-On application th's
"~.',.o =, ,ne ottornevs for Thomas F. Ryan OF
N,ou-yo-k a renoporary restraining order WINS -
sued ny limited States District Judge lhoi"''
Purnel TO prevent any action OF the haleie 49,
CASTOR Railroad stockholders LOOKING ~" 49, ~
consolidation here to-day Of the ValIou S-s io,er
the seaboard Air Line system. le" ..rttos
Judge Purnen granted heaiIls ,' o-der IN a
and revoked the temporary fesli ''''''e
written Judgment follows: ,u "a
..1,be order inadvertently signed TINS moini"7
revoked and the service thereon hela 10 u
valid In the exercise OF sound Juui''"'
ton the restraining order is reIuseN' , -.
Mr. Rvan's counsel in the hearing 'hai eeI
.La ,ntorssts Of his client would be irrepa[aUS
tHe - - the consolidation plans Of the VIII
- Ito Judge Watts. general counsei Oh
.t ea.,o,rd Line in reply read a dispatch from
80 nres,dent John Shelton Williams. to Thomas r
p,.or under date Of December u, In part as ioi-
lows: 100
Wa have already submitted all the offers. su usd
gestons and propositions INA HsuSinp propositions
man could reasonably desire lIlurs persons
Tor The arbitration by court OF dlslntereslsu pe
on the o nronose our efforts to secure peace
able solution OF the question nave oeen ID 40 he
dtermned 10 place in the way Of this great enter enter
mise which means so much for this whole section cuon
Ct he c0qng O @e have od frankly
that we intend 70 respect all OF your Iisnt - ,oI
GfOCkhOlQer 49,,
terms as favorable as those accorded 10 any other
stakeholder.
The meeting OF the stockholders OF the Ralegn
and CASTOR Railroad accordingly held at
D. m pursuant 10 adjournment at noon. Inc
purchase OF the preferred and common stock OF
subordinate companies OF the system was reported
bv Vice President ST. John. with the prices PAID
and a resolution approving and confirming the
same was adopted by a vote OF 1887 shares to 10.
The following resolution also adopted by the
same vote:
Whereas It is proposed to unite the railways ",oIs
and properties Of the Seaboard AIT Line sgs.eini
with those OF the Southbound Railroad the 1eVi go
1d Alabama Railroad and the Florida Central ana
Pennsuar Rarpou ra,lToads from Richmond and
Portsmouth Va, through the oIdteS "a uieSrida
North Carolina, Alabama. georgia anu f0'''i'
Resnyed By the stockholders Of the Raleigh ana
The corporate union Of the railways ana proper
comprising the Seaboard AT Llhe ~ Georgia
ia ALBANIA Railroad and the Florida Central
and Peninsular Railroad Company upon IaIr o anu
JusS binb NAV he agreed upon by them and they
beTebv authorized and empower the president ana
contracts merger or consolidation or other
measure may be legally neGessst9 .. and
corporate union merger or such ptopeItes . ~
the accomplishment Of the creation or the System
proposed
baltimore Dec. A.-when John Shelton Will
Jams. president or the SedpOdiU N'ii '0' -.
OF the action OF Judge Purnel' he said II was oiS
what he expected. Every step which has been
taken in carving through this consolidation ne
CONTINUED has been under the advice OF the
abiest counsel and the various actions when nave
been taken have not only been Tstneu 10y g,de Te
boerds of directors but also by the $40
Of Inc several companies IN general meeting' ILL.,
Is no single step which has been taxea 10 w Nall
have lust received statement or the eaI Hills
Of the Seaboard Air Line for the month OF ht
~ witch shows an Increase at the rate OF ABOUT
81 600 a day over last year which was the DisseS'
wear In It's history.