New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-08-22

iNlSHlll'll' <tu6- JOIlll ShtlloN W Ill
Jams arrived here this afternoon from New-York
and confirmed the reported sale of the Williams
Middendorf holdings Of Sea board Air Line stock
He said:
5; Davies Warheld. president Of the Cont
mental trust Company OF Baltimore. endeavored
board stocks owned by j. l. WiiIiams & sons
OF baltimore 10 the Ryan Blair interest. which
for the past six months so has represented the
majority on the citing trust but these ncEota-
OF the purchasers 10 meet our ideas 10 the
Of making sale to Messrs Ryan and Blair But
NJ Warneld. with his characteristic determine
While in Baltimore Yesterday morning 1 received
In New-York and az his request ] left for New
York on the afternoon train and met Nj Ryan
Hotel last night about O'Clock. told Mr. Ryan
ma ~ MIIa ne useless 10, US TO discuss h' sale
those We had named 10 him at the outset. and thar
FOR him to pay these prices 10 secure H.
The figures named for our stock werc 81 FOR
assured M that neither t0e Atlantic Coast Linz
nor nor me SouIhrrR kaway would De- interested with
chased. would be maintained and operated .,s an
appreciated the Importance both from the stand
point II the road Itself and Of the people Of the
Rances Win other eystcms W. so,I Kim si o5
preferred and common. M $lJ share for the
the stock TO be delivered and paid for at onee
Mr.. Ryan told that he was buying the stock
his responsibility and that II would not
be decided until, next week whether or not his as
sociates. Messrs Blair and Coolidge. would be in
terested with him Ia this purchase. ! advised Nj
Ryan that. the sale would embrace all Of the
stock owned by myself and my firm. would dc
sire 10 retire from the board OF directors soon
as the stock should be delivered and paid for and
that ] thought It likely that nv associate. Mr.
MiddendOrf. would desire do the thing
As the Ryan Blair syndicate is understood 70
have owned about G00D shares OF the stock prior
70 this purchase. their total holdings now probably
amount to about 10000 shares. or about ouc-thlrd
OF the entire stock OF the company or the bal
of this cOnl.any's stock most Of II Is held IN
Maryland and the South and is largely scattered
among comparatively small holders. II the com
pany be assured of a good and able OPP
Grating management in addition TO the strong
confidently look forward TO handsome returns upon
their investment at no distant day.
Mr.. Williams expressed satisfaction at the
price that had been realized which. he said
the price ne and his friends at the begin
ming OF negotiations had fixed for their holdings
and from which they had made no concessions
in the final trade.
The sale has been made said Mr. Williams
mot because of any lack OF confidence in the
future OF the Seaboard property but purely for
the reason that my firm has thought It desira BILE
to realize on this stock in order to expedite the
liquidation of its affairs and the payment In fun
principal and interest, of all obligations, which
/ consider this transaction viii assure"
s. Davies Warfield the mediator through
whom Messrs. Ryan and Blair first became in
terested in the property some nine months ago