New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-01-16
RAILROAD INTERESTS.
sEABoARD INJUNCTION DENIED.

SEABOARD INJUNCTION DENIED.
THOMAS f. RYAN FAILS IN HIS EFFORT LEGAL
LY TO RESTRAIN CONSOLIDATION
Norfolk, Va. jan Is (speciaD-Judge weddeu
of the United States Circuit Court to-day rendered
his decision in the Ryan-Seaboard Railroad fight
refusing temporary restraining order and con-
tinuing the case a hearing the merits. The
grounds of the application for injunction were
that the Seaboard and Roanoke Railroad Company,
in which Thoms F. Ryan Is a large stakeholder,
about to enter into consolidation with the
Georgia and Alabama and Florida Central and
Peninsula railroads, in which John Shelton Will
iams who is engineering the consolidation scheme,
held large interest, which consolidation Mr.. Ryan
asserted would greatly injure him and place large
amount of money in the pockets Of those engineer
ing the deal The answer OF the defendants the
Seaboard Railroad Company and John Shelton Will
Jams, to the effect that consolidation of the
properties was contemplated or intended, and that
there no legislation to permit or authorize the
same.
Judge Waddell, in deciding this branch of the
case to-day, takes this view and declares that in
asmuch as there is no law to permit consolidation.
and irasmuch the defendants deny that they in
tend to consolidate. it would be improper to grant
the injunction asked. The second ground on which
the complainant, Mr.. Ryan depended to stop the
consolidation was the alleged Illegal sale by the
directors of the Seaboard company of 1900 SHARES
of Raleigh and CASTOR stock to one of their num-
Der, Mr.. Mittlendorf. of Baltimore. In deciding
The reasons for this sale and its legality can
only be settled when the case is determined on its
to the in ' gn gu T large B Boef
money would work greater injury to t6e 9efen9 o.
ants than to the complainant and therefore the
fus ad'!i0n asked LOT on this ground is also re-
It is understood Mr., Ryans counsel will appeal
Appeals s' - 'i9 0''i'su states circuit court OF
BALTIMORE AND OHIO ANNUAL MEETING
EXPECTED.
Baltimore Jan. 10 (speciaD-The repeatedly post
poned annual meeting of the stockholders of the
Baltimore and Ohio Railroad Company will be held
in this city Wednesday. 1t has been postponed
monthly since November. because of the big deals
pending and the perfecting of the reorganization
scheme. Whether any formal announcement of the
company's connections with the Pennsyl-
wanna the New-York Central Will then be made
can only be conjectured William Solomon chair
man of the voting trustees, said recently that i'm
portant developments might be expected at the n
nual meeting. 1t is believed that the Pennsylvania
will receive representation the Board.
1t is the programme to re-elect the present drec-
tors and the president. John K. Cowen; the first
vice-president, Oscar G. MURRAY and the second
vice-president, Frederick Underwood. The annual
report will cover the fiscal year of the company
ended June 80 1899. This was lean period in the
alton was in demoratzed state, and the Balti-
oR Mas % on s ta @ sfr
more and Ohio looked upon as a menace TO
the stability Of rates general policy of devel-
oPment of new, business was, also instituted.
The report Of the year ended June 80 does not
show up as well the results for the six months
since that date. Greater stability in and
the determine ton of the trunk lines to stick to
tariffs enabled splendid showing the half year
since last June There is growing impression in
railroad and financial circles that after Wednes-
days meeting the Pennsylvania will virtually
troll the Baltimore and Ohio's policy. 1t is prob
able that the trustees the meeting will announce
that the negotiations for the amaIgamation of the
Baltimore and Ohio Southwestern with the Balt1-
more and Ohio have been consummated.