Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-01-17
DEAL TO co THROUGH
Ryan Injunction Dissolved and
Sesboard VIII Be Bought
CASE DECIDED IN BALTIMORE
ntory for ths Pooling Committee
Though Appeal Will Follow.
Mr.. WILLIAMS is Rhi''
-. DccIincs 10 Make statement
m, II i. rnderstood the finns "'
His syndicate VIII he 0arri'"
creates JOY Here
Mr.. WILLIAMS is Rhi

BALTIMORE. ND, January h'-'spe-
.,,l,-Tbe city Circuit Court. presideo
.'..- bv Judges wickes and stoekoridse'
.t7c1 here to-day against Thomas f.
-.., of New York, who some time ago
ou,s McIane and others TO eompei
.,.-, 20 fnlnl an alleged contract to sell
..-,,, o)o and 1900 shares OF the stock
% .se seaboard and Roanoke railroad AT
g.5 IN, ,ove
-ns deal by which the synoica'e'
..s.7 bv John SHELTON Williams OF
p..nr,ond proposed to acquire controi-
,,-. .rterest in the Seaboard Airline
...ir. TO be seen. The syndicate had
f 10 purchase a majority or the
- tbe Seoboard and Roanoke raii-
., son per share. The institution Oh
o.. ssit made the delivery imposslDio,
81. thopeh Mr.. Williams knew II hau
bon 6ismissed. he refused tonight 10
make O statement
THE COURTS DECISION.
TIA court ordered that the demurrer 10
LuI ~ complaint be sustained, the IN
junction heretofore granted De uiSs0.r '.,,h
-rf the complaint be dismissed VII"
costs to the plaintiff. go ,.,,r,on
following Is the fun text OF the op''''o''
of the court: j.
..rne Court Is OF opinion that me os
p,urrer 10 the bill OF complalh' i' rIe ~. 80
this case should DC
..pSrst because the alleged contract IS
81 uncertain and indefinite IN i.s .,d,. ttIr,s'
as TO be open 10 various s,,osd o,, ac-
and therefore, cannot be en- - ,o+ o+i cs,,
S,,,,t Of eouitv. 4 doubtful contr@cI eau
,,e,,er be 80 enforced; 10 doubt is 70 re-
solve against IL .,...i,,,s from the
hin and exhibits in this case tnal ~
S~fendonts Mclean and others, coillhi,tC- y
t.e were acting in that cdpdC'g Ds
virtue Of pooling arrangements 80 Itn
In exhibit 'B and reIeIrtu 10 ,iI,i,"d tI nv
anS that their powers were INN - , -
- t,rrns which must have been Known
a. tha nlqiutf az the time thdt the W
fera6 contract was signed that' kho"lils,
0e hc did, that tho poohns asteeIi,e cen, ~ u.
houud the parties to 1t not 10 sell ulles9
with -he consent Of threc-fourths OF the
entire number of shares Of stock so poor
cd. and II being advised IN tne plil '.i' ~,
said stock was not redepcslteu unuSI w
,,rovisiong Of the contract OF OCTOBER o.
isQf IN would be ineQuitable ana unJusl
~ compel the defendant. McLane, ana
those associated with him. even II lhe
court has jurisdiction. and his said asso-
ciates 10 transfer any Of said stock OF
deliver any OF the certificates represent
ing the same 20 the plainun.
''Fntertaining these views, the Cour'
deems 10 unnecessary 10 decide the re-
naming questions. relating 10 jurisdiction
l7ches. and the legality. vel non. OF inc
contract presented in the argument toi
its considerations
Mr.. Bernard Carter. as counsel for Mr.
RYAN. announced that an appeal would b'
THE DEAL TO BE CLOSED
The syndicate headed by Mr.. JONI
skrlton Williams of Richmond, Va
PRESIDENT Of the Georgia and Alabam'
raUrcad. offered 500 a share for the $50
shares pooled with Messrs. Louis Nc
lame. Of Baltimore and Leigh r. Watts
Of Portsmouth. Va. The proposition wa
mad. 90 President Hoffman OF the Sea
board Airline. who recommended ~
f...rtqnce and the owners OF practi
calls an the shares pooled accepted IN
n &c understood that the deal will b.
closed Immediately. Mr. Williams wa
seen after the decision was handeo Gown
f.t asked 10 De excused from making
statement. He said. with reference u
OBJ. riegt OF the SeabOard TO use. IN
tracks Of the Richmond, Fredericksburg
and Potomac. that II was without lounu
alton as far as he knew, and no neSotia
tons with reference 10 the use OF the id'
t.rs tracks beyond Richmond had eve
l..r Undertaken. He added that the Set.
loari IS a complete system as IL s'ahu s'a
40 rresent from Norfolk and Portcmouu
to atlanta and If it should ever be tina
re extension from Ridgeway TO Peters
lrrp is fompleted. II would add value u
tte system.
"W0 have no plaus on foot for the eX
t...t., 30 tho line 10 Washington b
n.f ",vbore reports say connections ar
to ht made with the Baltimore ana Vhi'
T. saaboard system does not nlaAe n
PHYSICAL connection with 'he rloi W "
g-tral and Peninsular railroad ana II
ieouati0ns for uaHlc
ar Boo progress ..,
William +. Marbury. one Of the counst
h tao Ryan case. said IL would cerlaiid u,la
Dr. taken To- a higher court. Nheh ashe
whether the stock could be dlsposeu :
during the litigation, and the zeal cor
s-muatod. he answered in the aihrihS I'm,
rFr but said that the purchasers 49, 49,
buy at their own risk. Should the Ooui
6 Appeals reverse the decision OF to-o"'
De- said 70 might give them trouble
Tho News Gladly Received Here
The news of the dissolving OF the hya
Injunction and the dismissal OF ms SUI
w.s received here with great JOY. IL nrs
came n the form Of "a priyate messas
from Dr. John Skelton Williams 10 IN
firm NJ which ne 4 a member
There is something like a haii inliiio
dollars Of Richmond money subscribe
ir Carrying through the seaboard dea
which means "a great deal TO TINS cltl
Iae Impression prevails In financial cil
ces that the contamination Of the de'
mea0s the early completion 10 this cit
% tho Richmond, Petersburg and Care
Ina railroad.
II may also mean that the gener'
cIces an least the headquarters, Of n
Sal9ard win be brought here, as NJ
Williams rs 10 be the president In the r.
Ug4n.zatiOn.
PRESIDENT sPENcERs DENIAL
NEW YORK. January ls.-Preside'
Samuel Spencer. Of the Southern raiwa
ta.d TODAY that there IS absolutely
inth In recent rumors that the syndica
Which had purchased the seaboard Al
/ zane would turn over the property 10 u
southern Railroad Company.
Habann Oficiais Appointed