The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-11-19
new ERAF0R
SEABOARD
AIR line.
The Syndicate WillLend
Money 1t Needs.
DEAL EFFECTED
lNsNLW YORK
Thomas F. Ryan and S. Davies
Warfcld Are Members of New
Board Of Directors.
Ie. ehTlsEhcTORY Il. 81
is SATISFACTORY
TO ALL INTERESTS
Will Continue to be
Operated as an Independent
Line, But Has Gained En-
viable Position as to FL
nancial Support and
Able Direction.
tBy Associated Press,

tBy Associsted Press.>
NEW YORK. Nov. 12,-Blair & Com
pany, Thomas F. Ryan and T. Jefferson
coolridge. Jr.. have agreed to loan the
Eeaboard Air Line Railway the amount
OF money deemed necessary By the oaa-
GERS OF that company to pay or Its hoat-
ing debt and to complete the Birmlng-
hcm-Atlanta extension In pursuance OF
this understanding all interests repre-
sented In the property agreed upon the
following directors. who were elected at
meeting this afternoon: John Shelton
williams. Richmond. Va: Thomas F.
Ryan. New York; James A. Blair. New
York: ]. william Middendorf, Baltimore;
rs. Davies Warficld, Baltimore: James II.
Dooley. Richmond: c. Sidney Shepard.
New Haven: J. NJ. Barr. Norfolk, Va;
Ernest Thalmann. New York; B. F.
Yoakum. New York: H. Clay Pierde. st.
Louis: oakleigh Thorpe. New York: Nor
man B. Ream. Chicago: T. Jefferson Cool
idge. Jr. Boston, and Nathaniel Thayer.
Boston, S & ss q s. &
independent Line.
The seaboard Air Line will continue to
De OQGEdlEuf eultSly do dll ltluoSPClluous
line. President John Shelton Williams,
of the Seaboard Air Line. said after the
meeting:
THE proposition made by 8. Davies
Warfleld,, president OF the Continental
Trust Company. of Baltimore. on behalf
Of Thomas F. Ryan, Blair & Company
and the Old Colony Trust Company, OF
Boston. has been unanimously accepted.
and has resulted In the election OF. a
Board OF Directors satisfactory to all
the interests concerned. The entrance
Into the management of the company Of
Mr.. Ryan Blair & Company. and the
Old Colony Trust Company. In conjunc-
tion with Ladenburg. Thalmann g. Com
pany and their associates. MARKS. q. now.
era In seaboard AFFAIRS and will place
this company In an enviable position.
both as to financial support and able.
vigorous direction.
"In connection with the negotiations
leading up to the successful conclusion
reached to-day. Mr.. Warf!eld has played
most important part 1t was Mr. War
field who first saw Mr. Ryan, entirely
without my knowledge. and who after
wards brought Mr.. Ryan and myself Into
negotiations, with the successful result
which has just been accomplished. Mr..
Warfield has performed great service
to the city Of Baltimore and the South.
and am glad that he will take his old
rIaC6 on our bOdTu Ol 4|1tVSIoaSs ooA
Executive Committee and on the voting
trust,
Complete Line.
"rhe financial arrangements which the
Seaboard Air Line Railway has just per-
footed provide among other things, for
the amount required by the company to
fully complete It's limo from Atlanta to
Birmingham.
"At the time OF the formation Of tho
syndicate, OF which LadenburE. Thai
man and Company are managers, the
seaboard obligated Itself to furnish out
Of its treasury, in addition to this pro-
ceeds OF the sale Of the Sc, o,o00 900 bonds OH
the Atlanta and Birmingham division, an
amount sufficient to complete this extern
sion. and this has now been done.
Mr.. Warfield gave out the following
statement:
"There is little to add to what has