The times. [volume] (Washington [D.C.]) 1897-1901, 1900-01-10

RICHMOND. Va, Jan. 9.-After bite
legal battle, lasting the entire day, the re
quest of Thomas F. Ryan. for an injunc-
tion restraining the Seaboard and Roanoke
Road from consolidating with the Seaboard
Air Line system, was tonight submitted tc
United States Circuit Judge Edmund Wad-
dill. He will render a decision in a few
( days.
! The proceedings today were quite spicy
the feature being the continued and vio-
lent assaults made by Ryan's counsel on
President John SHELTON Williams. of the
seaboard Air Line. and j. W. Middendorf,
a member Of the Williams syndicate.
NEW YORK, Jan. 9.--In respect 10 the
litigation instituted by Mr. Thomas F.
Ryan against the consolidation of the Sea-
board, Mr. Ryan was asked today regard
ing the offer made by his attorney. Mr.
rage, in Richmond on Monday. of $500
snare for Seaboard and Roanoke stock.
He answered that the shortest cut was to
give the original letter. The letter was
addressed 10 Mr.. Page and said in part:
6sq,' iresdenr of the Seaboard and Roanoke
Railroad Company ard the Raleigh and CASTOR
haiiroad Company. contained in a letter adj.
dressed TO me, dated at Baltimore January g.
i'V, OF two hundred dollars (S2OOl per share
Tor The seaboard and Roanoke stock owned by
me. ! beg TO say that you are authorized on my
behsh TO purchase at any time and place al
three hundred dollars $500 per share, any
amount of the Seaboard and Roanoke stock
either common or preferred which, together
with my present holdings, viii secure 10 me the
control OF the Seaboard Air Line system; pro.
flded only that there shall be restored to the
treasury OF that company the securities stated
to have been in the treasury OF that company
IN the aSorn statement to the CORPORATION Com.
misSioners Of North Carolina July l. 1905 and
mat there shall bc restored TO the treasury OF the
Raleigh and Castor Company the securities
stated to have been in the treasury Of that com
psny IN the sworB statement to the Corporation
Commissioners Of North Carolina July /, 1913
This offer assumes, Of course, that the financial
condition of these companies to assets and
obligations have not been materially changed
since these official reports made to the
Corporation Commissioners on July /, 1sos
The securities Of the Raleigh and CASTOR Rail
road Company, Mr.. Williams. the 26th day
of October. 1899, personally informed me at my
office, were still in the treasury o. that company
except that from considerations Of cXpedency,
Mr.. Williams had placed them IN the vaults Of the
Richmond Safe Deposit Company in the city of
Richmond. Va, Of which ! believe he ia presi-
dent. and that the Treasurer OF the Raleigh and
CASTOR Railroad Company had received the |
certificates Of deposit Of the trust company for I
these securities. ] assume this 20 be the fact.
although | observe from the sworn reports |
certified copy Of which ! have since received, |
made by the vice president and treasurer OF the |
Raleigh and CASTOR Railroad to the Corporation |
Commissioners OF North Carolina on the l2th |
day of September. 1899. all of these securities !
had heretofore been sold
When asked IL he had anything TO add |
TO the letter, Mr. Ryan replied:
II object, as the owner OF one-fifth OF |
the Seaboard and Roanoke stock, to the
dissipation of the assets of these two cor
porations, no matter by whom, or TO the
iilaticn OF them by tying to the Seaboard
Air Line system the Florida Central and
Peninsula, and the Georgia and ALBANIA
railroads. of both OF which Mr.. Williams
Is president. think have a right TO
all TO account the president of the Sea-
board and Roanoke Railroad Company as
ny trustee
Have you any interest in the Southern |
Company. the Chesapeake and
ohio. the Atlantic Coast Line, the Central
If Georgia, or any other railroad in the
SOUTH"
The only interest that have directly
II indirectly in any railroad south of the
'otomac River other than the Seaboard
,ir Line is less than 100000 OF the mort
age bonds of the Charleston and Western
'arolina Railroad"