The age-herald., 1899-01-05
SHAKE UP IN THE
 RAILROAD WORLD Will be Caused by Sale of the
 Seaboard line. THE OFFERS WERE ACCEPTED By Baltimore Parties Who Have Inter- ests in the Road, and the Deal Willbe Speedily Consummat-
 ed-Moves on Foot
THE OFFERS WERE ACCEPTED

Baltimore, January 1.-The Sun tomorrow
 will say:
 The offer of s2Oo share made by the syn
 dicate headed by the banking house. of
 John s. Williams & Sons of Richmund ar
 the pooled stock of the Seabard and Roan- ol1e railroad has been accepted by ,.ll per
 sons living in Baltimore who have stock in the pool. Assurances have been received
 that out of town stockholders wno signed
 the pooling agreement will also acceps, and
 the necessary three-fourths assent under
 the agreement will, it is understood, be readily secured.
 The offer of the syndicate to buy out the company and with it the control of the thousand miles of railroad in the Seaboard Airline system is one of a number of of- fers for this property in the past luee years. After MT. Thomas F. Ryan of New
 York made his offer about two years ago, to buy the pooled stock at $125 shara, an- other syndicate made an offer.
 The second offer was the outcome of the stubborn contest waged for the busting of the Hoffman management, and the proposi- tion came from a syndicate in which Balti- more merchants were largely interested
 The offer was partly induced by the feel ing in some quarters that the control of the
 Seaboard AirLine might fall into the hands of the Southern Railway or its allies,
 unless secured by strong influence not identified with any existing southern sys-
 tenn The big rate war, which was the cul-
 imitation of the disagreement between the Southern and the Seaboard, and the sub
 tha Jy syndicate in it's attempt to break up the pool, which held the control of the system, kept things at a tension. Criticism was
 shot at the management for not accepting the offer of $125 a share made by the Ryan
 syndicate, and the claims that the property
 was worth more was denied by some stock holders signing the agreement.
 Considerable interest is manifested in the plans of the syndicate which includes in addition to Richmond and Baltimore capi-
 talists a number of New York men who
 are represented by the Produce Exchange Trust company of New York.
 It is stated that the first move will be to complete the construction of the Richmond, Petersburg and Carolina railroad from Richmond to Ridgeway, N. C., where it meets the Seaboard Air-Line Some time ago property was purchased in Richmond to be used as terminals for this new road. connection with the Georgia and Ala bama, it is said, will be thing of the near future, although the fact that the ,syndi-
 cate has controlling interest in that road will induce steps to connect the two prop critics.
 It is regarded as highly improbable that such a connection, if made would be built from Atlanta to Montgomery, as these two cities the western terminal of the two systems. The most likely plan would be to build from some point on the Georgia, Carolina and Northern to Savannah so as to secure a direct route to that city. The Seaboard already has direct route to At lanta. A plan to establish a new direct line from the national capital to Florida by building into Richmond and securing con | nection from there to Washington would | take the road toward Savannah. The Seaboard has been anxious for some l years to reach New Orleans, and connection 1 into Washington made by filling in the
 gap from Ridgeway. N. t.. to Richmond
 Va, would put the system in position to
 make satisfactory terms for reaching the | Crescent city, There has been considerable | talk in the past of an alliance between the 1 Louisville and Nashville and the Seaboard l Airline and 1t is believed that such ar | agreement would qiuckly follow if the Sea. 1 board was in a position to furnish a satis. 1 factory entrance into Washington. There would be but little difficulty in ar ranging for through cars to Baltimore Philadelphia and New York from Washing. | ton.