The Birmingham age-herald., 1903-11-19
All the Interests Represented Agree on a Board of OifeC-
 tors at New York
PRESIDENT WILLIAMS IS
 HOPEFUL Of THE FUTURE
Makes Statement In Which He Says That He Is Highly Gratified at the Conclusion Reached-Marks
 New Era.

New York, November 1s.-Blair & Co.,, Thomas F. Ryan. and Jefferson Coolidge, Jr.. have agreed to loan the Seaboard Air Line the amount of money deemed neces- sary by the officers of the company to pay off it's floating debt and to complete the Birmingham-Atlanta extension.
 In pursuance of this understanding, all interests represented in the property agreed upon the following directors who were elected at a meeting this afternoon:
 John Skelton Williams, Richmond, Va; Thomas F. Ryan New York; J. Wiliom Middendorff, Baltimore: S. Davies War field, Baltimore; James F. Dooley, Rich mond; C. Sidney Shepard, New Haven; J. M. Barr, Norfolk, Va; Ernest Thal- mann, New York; B. F. Yoakum, New York; H. Clay DePierde St. Louis; Oak leigh Thorpe, New York: Norman B. Bean. Chicago T. Jefferson Coolidge. Jr., Boston; and Nathaniel Thayer, Boston.
 The Seaboard Air Line will continue to be operated entirely as an independent line. President John Skelton Williams, of the Seaboard Air Line. said after the meeting:
 Williams alkS.
 "The proposition made by S. Davies Warfield, president of the Continental Trust company of Baltimore,s on behalf of Thomas F. Ryan, Blair x Go. and the Old Colony Trust company of Boston, has been unanimously accepted, and has resulted in the election of a board of di- rectors satisfactory to all the interests IN, f,,4a f1,o agement of the company of Ryan, Blair x Co., and the Old Colony Trust company, in conjunction with Ladenburg, Thalman & Co. and their associates, marks a new era in Seaboard affairs and will place this company in an enviable position, both as to financial support and able, viz orous direction.
 "In connection with the negotiations leading up to the successful conclusion reached today, MT, Warfield has played a most important part It was MT. War field who first saw MT. Ryan, entirely without my knowledge, and who after ward brought MT. Ryan and myself into negotiations with the successful result which has just been accomplished. Mr. Warfield has performed a great service to the city of Baltimore and to the south and l am glad he will take his old place on our board of directors, our executive committee. and on the voting trust.
 "The financial arrangements which the Seaboard Air Line railway has just per- fected, provide among other things for the amount required by the company to fully complete it's line from Atlanta to Birmingham.
 At the time of the formation of the syndicate of which Ladenburg. Thalmann X Co. are managers, the Seaboard obli- gated itself to furnish out of it's treasury, in addition to the proceeds of the sale of the GOO bonds on the Atlanta and Birmingham division, an amount sufficient to complete this extension, and this has now been done"
 WarfieId's Statement
 MT. Warfleld gave out the following statement:
 There is little to add to what has been announced l felt that the success of the Seaboard Air Line would be im- mensey increased by alliances which would bring the best and strongest fnan- cial support in connection with broad and conservative management Recognizing that this would be largely accomplished by enlisting the active interest of Thomas r. Ryan in the property, I saw that gen. tleman several weeks ago and discussed the subject with him. He expressed him 
 matter, provided that the plans could have the cordial support and cooperation of President Williams. He said that he re- cognized the great work Williams had done for the south in the upbuilding of the Seaboard Air Line system, and in bringing that property to its present state of prosperity.
 .I then saw MT. Williams, who re- alizing the benefit which would result to the interests he represented. his friends, and the Seaboard generally through such an alliance. promptly gave his cordial approval to my suggestions and expressed not only a willingness, but a desire to have MT. Ryan and his friends largely interested in the Seaboard Air Line, and in it's management Mir Ryan associated Messrs. Blair & Go. with him, and an agreement was soon reached. In order that all interests should work in harmony. Ladenburg. Thalmann X Co.,, T. Jefferson Cool idge Jr, who had made an offer of loan to the company, were conferred with and as result a proposition was agreed to. This I had the pleasure of submitting to the board of directors of the company and it has just been unani- lu