The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1903-08-17

ard and William 4. MarburS. The new
members of the board are likely to facili-
tate the establishment of close ana au-
vantageous rela atoms with the important
railI DAD systems with which they are
identified and the position of the Seaboard
Air Linz railway is today stronger and
more important than il has ever been.
(Signed) J. S. WILLIAMS.
How Control Was Secured.
The following special from The Consti-
tutioa's New York correspondent throws
me additional light upon the details
Of the big transaction:
New York August 3.-(Special)-Re-
ported that control of the Seaooard Ar
Line was secured by taking over one
hundred ard fifteen thousand shares hei''
LIZ certain members of The New YORK,
Richmond ana Baltimore syndicate at ~
for preferred and % for common. Tess
commission, and the purchases Of mold
ings of Sharp x BrA an, the suspehdec,
firm, which were large. but not equal
to those Of the above syndicate:
Certain New ork and southern men
are reported to have loaded up with va
rious investments. including Louisviiie
| and Nashville above 40, and II Is report
| ed here that the change on the Seaooaru
control was really brought about through
! the necessity of the two princlpal noio
ers of Seaboa:d stock These hecessl. l's
| # Is alleged were In the shape OF ma
| turing loans which they could not meet
I'm negotiating a basis on which THESE
| loans would be protected, these lnterests
| agree to surrender five out OF nine rus,
tees In the voting trust of the Seapoaro
! Ar tine They were taken care of by
Iadenberg Thalmann & Co. which nego'
/ tlated terms on which the new trustees
| were given their position Inc Young
/ trust stands for eight years. Ladenpers
Thaiman & Co. 1t is reported, guarantee
( tho loans above mentioned. current re
nort has it that John SHELTON Wiiiians
will not remain equally dominant III LIZ
| future as in the past.
THE report that Southern railway IN
terests have acquired an interest IN the
Seaboard Air Line system is incorrect
! LAS is well known, Messrs Pierce and
Yoakum are closely identified win the
st Louis and San f'ranclsco-hoch is-
| land system. and ii Is reasonable 10 sup
pose that this latter system and the sea
board line system will hereafter be on'
Grated in thorough harmony ana TO ,lar1i
mutual advanta ge. Through TINS mss ~,
citation the Rock Island system VIII Dc
furnished with direct outlets at sever
seaports on the Atlantic coast. and Inc
gulf of Mexico. including Baltimore
Norfolk. Wilmington. Savannah Ferhan
dina Jacksonville and Tampa.
The situation Is eminenty satisfactory
!, to me and the arrangements by which
these new interests have been oronGh
into the property have been carried
through by Ladenburg. Thalmann d co
, with my cordial cooperation.
Practically Inter-0ceanic Connection
1T means practically an Atlantic-Pa
, | cific connection through the south wit
Atlanta as the most practical distributing
point. not only for the southeastern state
but for some of the big systems in tn
north as well
This from a prominent railroad man /
regard to the big deal consummated be
1 he boar
! Rock Island system as published in Tn
4 Constitution of yesterday.
{ "Furthermore,' he continued, ut mean
that this city must of necessity be at
: knowledged the Chicago of the sout
from a railroad standpoint and that 1