Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-01-08
Williams Syndicate Say The Transaction
Will Soon Be Closed.
TO KEEP UP THE LITIGATION.
Counsel for Mr.. Ryan Say He VIII
Keep Up His Fight To the Butter
End-The strong Suit Against the
II. l.. a c. Company.
II. T.. AZ c. Company.

The sale of the Seaboard Airline -
tho Richmond and Baltimore syndicate
has not yet been consummated The In
junction obtained by Mr.. Thomas +. Ryan,
restraining Mr.. Louis McLane and others
from disposing Of certain shares OF stock.
has tied up the deal for the present.
motion is to be made at once to dissolve
this injunction. and the Williams syndi-
cate expects 20 carry the matter through
early this week.
The result of the motion TO dissolve Will
be anxlously awaited, for it is expected
that the decision will practically foretell
the final result OF Mr.. Ryan's suit against
the Seaboard AIRLINE. \ new phase in
| the situation was developed In Richmond
yesterday morning by the filing OF suit
by Mr.. William b. Strang, Of New York.
against the Richmond. Petersburg and
| Carolina railroad, in the United states
Circuit Court. Mr.. Strang is one Of the
| largest railroad contractors in this coun-
try. and he claims that Mr.. De Witt
| Smith. president Of the road, promised TO
| give him the contract 20 build the road.
while now, negotiations are pending look
| ing 10 placing the contract elsewhere.
1t is a significant fact that Mr.. Suang
has employed the same lawyers as Dir.
| Ryan TO conduct his case.
THE DEAL NOT CLOSED.
The following special telegram was
received by the Dispatch last night from
! Baltimore:
The deal to purchase the Seaboard
AIRLINE by a syndicate headed by j.
SHELTON williams, of Richmond was not
closed to-day. as expected, and the con-
summation is now looked for Monday.
President r. Curzon Hoffman has evil
IDENTIFY not yet been able 10 secure tho
necessary majority of the stock 10 turn
over to Mr.. Williams. Judge Nickes has
signed the injunction applied Tor by
Thomas A. Ryan, Of New York, 10 re-
strain Louis McLane and others from
disposing Of some 5000 shares OF stock
to any other person than himself This
effectualy ties up these shares at pres
ent.
Judge william A. Fisher, counsel for
Mr.. McIane said to-day that he expect
ed 10 make a motion 10 dissolve the IN
junction at an early date. The Seaboard
people claim that the action cannot
stand At any rate. its decision will go
a long way towards proving whether Dir.
Ryan has any chance Of success IN MS
litigation against the company.
william Mcconnell has been appoint
ed general agent Of the Seaboard Air.
Line. with Office I'm New York. lie sue
ceeds l.. s. Allen, recently made passen-
ger agent"
WILL KEEP UP THE FIGHT.
4 Dispatch special from Norfolk says:
1T is authoritatively stated that
Thomas +. Ryan. of New York, whose
, efforts to secure control OF the Seaboard
AIRLINE system have been unremitting
for three years past. will continue his
I fight. whether he defeats the sale OF tho
I system or not In an interview with your
correspondent to-day Mr.. ID. Lawrence
, Groner, of Ryan's counsel sald'
The Injunction granted by jugs
Wickes. I'm Baltimore yesterday. restrain
q ing the holders OF more than 300 shares
e of pooled stock in the Seab0ard and Roa-
no(e from disposing Of their holdhBs
4, until Mr.. Ryan's one for SPECIFIC perloIn'-
ance could be heard will have the erect
g ~ twins, M the reported sale 10 the WI
70 liams syndicate indefinitely II not OF ple-
q venting it altogether; and OF the TWO
To- propositions,' said Mr. Gronel' r'B"u
8 Inc latter as far more probable
e ".ITos Mr. Ryan anything 10 90 with
% tho new interest which are seeking !"
Y ohta,n control OF the road as has oeen
| reported was asked - 49,,
q - .N-otbinl, whatever Mr.. Ryan mas
e. acted I'm this matter from the Deslhnlns
- until now for himself. ana II ne So'S I'm
n ,roI ~ the road o., Will be with tull hot'
- IN all concerned. ] am inclined 70 In, I'M :
,- that even II the sale 10 Mf W , ..'o''ia
l. .ho,ld he communicated. Mr. Ryan ""u''
r. .tI, continue his suits directed 10 an as.
70 oertofnment OF tho financial AFFAIRS anu
! ,,orticulorlv the purchasing department VI
r. r. rood and n things then should 90
sD,,rd in as bad condition az mas Desn
ailoe,ed T have no doubt he VIII ihs,s'
mon the suits he now has penaihs VA 'ns
courts being proseeutes,dd , 20 S1 .rr '"''
- The filing OF the Strang suit against en-
uichrond Petersburg and Carolina raii'
e - inst at this time, looks peculiarly
Z s,~nIecant Mr.. strang's claim that ne
h 80 been promised the contract 10 ouid
o g. rod Is no new thing. Weeks aga
l. s'.,,no ~ this city and established ofice'
i - the Fbel building. where all preiinl
h, -. orrongements were made Tor ms
n bcgjnning OF the work OF CONSTRUCTION
r NJ Strang IS said TO be one or the wealth.
l. lest railroad contractors IN this c"un..y
, 80 ie tho president OF the seventh "a
N,il5 the proposed road from end TO en'
before asking for cent Of money. I'M
wuliams syndicate. which. It Is under
stood has raised a subscription or mi,
HON and a half. or more. for TINS ROAD
has strenuously opposed the awarding 0
y the contract 20 Mr.. Strang. ana unth th'
syndicate dominated the situation Mr
strang Is said to have had the enterprise
> In leading strings. -
y The alleged promise of President ID
Wit, Smith 20 Mr. Strang. has. II Is as
p serted really beon the root and branch o
the procrastnation In dealing with IN
affairs OF the proposed road Employee
, OF Mr.. strang in this city have deciare'
> from time 10 time that their chiet wa
determined 20 make or break the road
The builder OF this road, II Is said WI
make an immense sum Of money, and IN
fight for the privilege will be an exceed
ingly bitter one.
WHAT THE PLAINTIFF CLAIMS.
Mr.. Strang's suit was hled In the Cir
cult Court by Messrs. John l@r1ln'
; CONCLUDED on PAGE sINTEENJ