New-York tribune., 1908-01-04
"SEABOARD HARMONY?
Samuel Umtermycr Makes Repfy'f TO
.Iobn Shelton Williams.

PbuadeInbia lar 3-Samue1 UnterInyer, OF Ne"
York of counsel in the Seaboard Air Line re'Ie''
ership proceedings, was in Phiiadelphia 'o- So,
made reply to the statement issued yesteroay y
.ychn skelton Williams criticising the Ryan-biaif
management of the road. Mr.. Unternyer "diu-
am surprised at Mr.. Willanss statement in IN
view of circumstances under Wi.icn t E,,t in
vited to participate in the appoIliie.,t, h c,,r.
view OF past experiences one Should Ioe u' srI,e
prised at anything Mr. MiIliaS L3at ti9 might be in
ferred from his statement; ,orods 70 further
finance the property on condition that Mr.. VII M
Jams and his associates would asSIst u ctor5 20
tied extent and they had refused tne uI I'LL no
luctanty concluded tnat recelNersh'p coo'u 'D
The papers We're accordingly prepared and ne he
application arranged for without further cons @ s
Mr. Williams who Was not director ana was , ho'
entitled To- notice In order to fully protect llig
underlying bonds the New York interests dII % lis
buy the coupons maturing on January /, II! 80 nl
Mr. Williams also declined to Joln' anu 50 1t wa"
At this stage 1t occurred to that it would be
a wise and graceful thing, though IN no sens sens
ticipate in the recevershp, which every cne agreeu
to be inevitable and thus pui an enc 10 10 ee for
years conducting TO the injury OF the prqperY "l ~
at the expense OF the security RIaT and their as
socaes had been pouring their own oLty n 200 'l n
what has proved be mainly precarious ana ana uh 1t
sa liable securities 1t with this money that LiS
earnings more than s4.CO0OO0 in three years With
out that aid the property would nave neen fIT GaIn
rupted and dsintegrated and the security holders
would have lost their Investment soa bts
During
activities critlClSlnS ana HiSiFlir,
sentng the people who were trying 10 save @ d'lu
develop this great property. the wisdom OF whose
course will in the end be Vindicatsd. lie cohtrlo-
uted nothing in the way of help. 1t III becomes
him uhen these gentlemen have put aside thelr
grievances and risen above personal considerations
and taken him camp for the welfare OF the
property. to msrepresent their attitude ana mus
reopen the controversy.
The fact is that Mr. Byrne and are largely re-
sponsble for the arrangement by which the court
was asked that the Williams interest be repre-
sented in the receivership; 1t was hrst suggested
Tuesday way to Richmond. in the eX-
pectaton of effecting permanent peace, which we
are still hoping will be the result
Mr.. Williams have miSconStrued that
and its effect His statement would appear
ungracious say the least, under the cirCuIn-
stances. and a little discoUTaging to those who
expect him rise to the occasion instead of Great
ing wrong impression Of the situation, into which
he was invited, into a personal victory vindiC6-
ton. All hatchets have been buried, and it is
hoped. for the sake Of all concerned, they will stay
buried.
Norfolk Va. Jan. 3.-W. \. Garrett president
Of the Seaboard Air Line Railway. which was
placed in the hands of S. Davies Warfeld and r.
Lancaster Williams as receivers. yesterday, has
been appointed "Chief executive officer for the
Cevers and the first general notice by the re-
cevers made public in this city to-day.