The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-11-27
COMMUNITY
OF: INTEREST
That Betweei, Seaboard Air
Line, Southern and Coast
Line Emphasized.
NEW SYNDICATE DOMINATES II $;
Though John Shelton Williams,
it is Said, Will Remain prcsi-
dent Of tile Seaboard Road.

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In yesterday's Baltimore Sun appeared
the following special from New York:
Changes have boon made In the voting
trust of the Sea board Air Line Railway
and in the Executive Committee Of the
company, which places the railroad under
the control OF the Ryan-Blair syndicate.
This syndicate recently agreed to adj
vance funds to rehabilltate the property.
and was given equal rcprcs entation on the
Board of Directors with the Southern In
terests and the Ladenburg. Thalmann 4
Company syndicate, representing The Rock
Island interests.
The changes removed the LadenbuiS.
Thalnlann & Company representatives
from the voting trust Mr.. B. F. Yoakum.
president of the San Francisco Road, and
Fl. Clay Pierce, chairman of the Board OF
Directors of the Mexican Central, who
acted with LadenburG. Thalmann & Com.
pnny last summer and acquired control
OF the Seaboard, remain on the voting
trust
There was meeting Of the directors Of
the Sea board to-day but 1t WIS officially
announced that the business of the meet
ing was purely routine, notwithstanding
the fact that It was the FIRST meeting he'd
since the Blair-Ryan interests were ad-
mltted to the board.
a THE VOTING TRUST.
After the meeting Mr.. j. Shelton VIII
lIans president of the Seaboard. was
asked whether changes had not already
been made In the voting trust, He de-
clined to answer the question and refer.
red all inquirers to other members OF the
board.
1t was subsequently learned that
meeting OF the voting trust and OF the
Executive Committee had been held and
the changes adopted which placed the
Blair-Ryan syndicate in control had been
made
The men who have retired from the vot-
Ing trust In order to make room for the
new interests which dominate the prop
erty are S. B. Guinness, c. Sidney Shop
hcrd, Oakleigh Thorne, William a. Mar
burg and James II. Dooley.
The new Executive Committee Is COM
posed Of Messrs j. Shelton Villa ms,
Thomas r. Ryan. S. Davies Warheld.
John A. Blair. Mr.. Dennis. 7. Jeffers-n
Coolidge, Jr. and B. r. Yoakum.
It Is understood that Mr.. Williams Will
remain as president of the company but
that representative Of the Ryan Blair
Executive Committee and OF the Board
o, Directors
/ COMMUNITY OF INTEREST.
t To the above tho Sun adds the following
The big deal by which the Ryan Blair
syndicate got into the Senbonrd Air Line
management In consideration OF It's fur
nishing the money llnpe ra lively needad ny
the road was contaminated on November
18th In New York, At that time direct ors
were chosen, ave representing each OF the
three chief interests IN the road, namely,
the old management. the Rock Island and
the Ryan-Blnir syndicate. These were
John Shelton Williams. Richmond. Va:
Thomas r. Ryan, New York; John y.
Blair. New York: J. William Mlddendort,
Baltimore; s. Davies Warheld, Baltimore;
james H. Cooley, Richmond. Va; c, SID
ney Shepherd New Haven Conn; j. n.
Barr Norfolk. Va. Ernest Thalmann'
New York; B. +. Yoakum New York; II.
CLAY Pierce, st. Louis. Mo-; oakleigh
, Thorne, New York: Norman b. Reum,
Chicago: r. Jefferson Coolidge, Jr.. Bos'
ton; Nathaniel rhuyer. Boston.
1 Tho Rock Island interests had previ'
ously bought about 1000 shares of the
stock ard had an option on about lo0,0W
more. enough to have givcn control, pro-
yded they had been willing 10 pay the
option price, which was above the market
price.
II would seem from the foregoing dis
patch that the Ryan-I3lair interests had
bought out or frozen out the Rock Island
ers.
With Mr. Ryan IN control the communi
" Of interest between tho three grea
Southern systems-the Southern. Allan
tic Coast Line and seaboard-!s empha'