The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-12-14
THREE RAILROAD
MEETINGS TODAY
Preparatory to the Seaboard
Consolidation.
RYAN AND His q SHARES
RYAN AND HIS q SHARES
PEOPLE OF THE SOUTH ARE
WITH MIR. WILLIAMS.
PETERsBURG-RIDGEwAY ROAD COMPLETE
The South Carolina Deyision to be Completed
by January. An Order For Fifty En-
gines and Large Number
of Freight Cars.

Beginning at noon today, at the
company's Offices in this city, there will
be three general meetings of stockhold-
ers Of the Seahoard Air Line.
The first meeting will be that of the
stockholders of the Pittsboro Railroad
Company. It viii convene at II o'clock.
At 1870 the stockholders of the
Louisburg Railroad will meet.
And at ] o'clock the stockholders OF
The Durham and Northern Railway
Company will assemble.
The objects of these meetings are as
follows:
1st For the purpose of considering
the consolidation of these roads with
The Raleigh aud CASTOR Railroad Com
pany, and also to consider and agree
upon the terms and conditions upon
which the consolidation with The
Raleigh and CASTOR Railroad Company
shall be made.
2nd And to consider the sale to The
Raleigh and CASTOR Railroad Company
Of the property and franchises of these
branch roads, and the terms and con-
ditions of such sale.
These meetings are preparatory to the
consolidation of the road to be effected
here On the 21st.
1t now turns out that the appearance
last Saturday of the attorneys of Mr..
Thomas II. Ryan at the meeting of the
Raleigh and CASTOR Railroad was in the
nature of am attempt only at obstruc-
Tion. These gentlemen represented p
shares out of 1884 reported and voting
at the meeting There were $4,000
shares altogether. If they wanted to
sell out at high figure, their contem-
plated ..hold up failed of its intent. But
whatever their purpose they contented
themselves with protests which We're
promptly tabled.
Then the meeting proceeded in order
and all the business was transacted ac-
! cording 10 program a resolution was
passed proposing consolidation under the
amended charter This was but in the
nature of a logical sequence of what
had gone before, and was only one of the
necessary legal steps towards the final
roundup of the work in hand.
Adjournment was had TO December
Dist In order that the other roads COM
cerned might be heard from at the
meetings which are TO be held in the
meantime.
There has been no halt, and the ripple
of Mr.. Ryan's twenty-one shares, far
from being regarded seriously, was
rather ridicuIed. The people of the
State and of the South are holding un
the hands of the Williams syndicate and
look upon the early completion of their
plans as a deliverance from the rail-
4 n,
so long suffered.
Although the gentlemen representing
Mr.. Ryan were treated with every COM
sideration at the meeting and were
guests afterwards in the private cars
respectively of President Williams and
Vice President st. john, one of the
first acts of Mr.. Groner, one Of the OBJ
structing counsel, after reaching Nor
folk, was to give a newspaper CORE
spondent a dispatch which the Seaboard
Air Line people claim is not sustained
by the facts in the case.
Prominent officials for the Seaboard
Air Line are authority for the statement
that the consolidation will be effected
with the TO- = ty days.
n nams says that the CAPT
tai necessary was abundant and many
offers had been refused
The character of the gentlemen COM
posing the syndicate, together with the
work in hand ON their roads, give the
public assurance that the consolidation
will be consummated with due order
within the limits necessary to so large q
performance. In fact the trust compan
hes of Baltimore met Saturday and de
nounced the Ryan factions attempt al
underhand injury.
The laying of the track of the Rich
nlond. Petersburg and Carolina railroad