The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-12-21
RYAN WILL STILL PROTEST
BUT HIS PROTESTS WILL BE
DISREGARDED
IS WORKING IN THE soUTHERWs INTEREST
he Other Meetings Called Here Have Been
adjourned Hoping to Make Terms With
Ryan, But All Efforts to do so Have
Fai ed Georg a Bill is Dead

fd' eu' ueOi OH 10 Dedu
The adjourned annual meeting of the
stockholders of the Raleigh and Castor
Railroad is called to meet here today,
at noon in the office of the company ON
Halifax street.
to approve the corporate union Of the
railways and properties comprising the
Seaboard Air Line system with those Of
the Southbound Railroad Company, the
Georgia and Alabama Railway and the
Florida Central and Peninsular Railroad
Company; to authorize and empower
the president and directors of this conn
pany to join in such agreements and con-
tracts as may be legally necessary or
proper to bring about the closest physical
connection and corporate union or mer-
ger of such properties for the accom-
plishnent of the creations of the system
so proposed.
This is the resolution passed at the
annual meeting of the Seab0ard and
Roanoke stockholders in Portsmouth
Tuesday, and it will be passed at the
meeting here today.
1t is expected also that Ryan, through
his lawyers, will enter his usual formal
protest against all the consolidation pro-
ceettillgs and present charges touching
bofh their integrity and legality. These
allege that the syndicate representing
the Florida peninsular and that repre-
senting the Georgia and Alabama and
the present management of the Seaboard
and the syndicate representing the nal
eigl and CASTOR were identical codes
that this is case where the buyer Is
also a seller. fixing for its own conye1r
ience and for its own purposes the terms
of both purchase and SALE and 50 doing
it as 10 take care Of certain stockholders
ard leave the others ont in the celd
They also allege that the Florida Pen1n-
snlar and Georgia and Alabama were not
valuable properties and chat 9he purpose
of the syndicate IN Fastening them ea
the Seaboard Air line system was to
make good its own bad investments,
These charges are denied by the Off
GERS of the Seahoard representing the
majority stockholders and it is now open
ly charged that Ryan Is simply WORKING
in the interest of the Morgan and the
Southern Railway and trying to wreck
the Seaboard by defeating its conso.ida
ton scheme.
Ii was not until recently that Ryan
showed the cloven foot. At first he told
the Williams people that he was friendly
to them and would do all in his power
to aid them; that it was the former
management against whom he was max
ing war.
President Williams took him at his
word and confded to him his schemes.
Rut soon he noticed in Ryan a wariness
and reservation that convinced him
there as an enemy in the camp.
When he made Ryan an offer for his
holdings, Ryan pretended at first TO be
willing to sell, but somehow he would
never come to the point of selling. And
ii has been this policy of delay and I'M
certainty that has caused so many meet
ings to be called here and none of them
held
Finally Ryan sad his attorneys would
have an opportunity by December 9th,
to look into the matter. So the meeting
was set here for December 9th. The
readers Of these columns know the result.
Instead of an offer to sell Ryan sent
lawyers here to protest against the con-
solidation.
Failing in this dispatches were sent
to a New York paper calculated to in
jure the credit and financial standing
Of the syndicate. Nor was this all. In
a few days it came to light that while
putting Mr.. Williams off on the question
of selling him the stock, Ryan had been
getting ready bill which he had in
troduced into the Georgia Legislature
4 e., 4it. -fff-
dation.
And that bill, like Ryan's other des-
perate attempts, is now dead.