The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-12-08
LIE DEAL MADE.
4 Chicago Telegram Announces.
Appeals Account of tho Trade
. Corroborated.
Bonsation in Newspaper Circles
W Over the Appeals Scoop.
Qur Contemporaries Engage in a
Self-Kicking Convention.
History of the Deal From Inception
# to the Present Hour.
How It Was Engineered and Who
~ Did the Engineering.
Handsome Fortunes Realized by
Prominent Newspaper Men.
The News Accepted by the Public
With Go g.,
Handsome Fortunes Realized by
Prominent Newspaper Men.
The News Accepted by the Public
With Satisfaction.
Improvement OF the Service-A
Gable Line for Main Street
Incidental Benefits Which VIII Accrue
to Memphis From the Transaction
"A Million OF Dollars Added
to the Local Capital-Other
Investments Which Are
Certain to Follow.

TIE APPEAL got there in good shape
yesterday, and electrified the town by It's
announcement that the street railway
F system Of Memphis had been sold out
lock, stock and barrel to a syndicate of
Chicago capitalists. Even The APPgAI's
esteemed contemporaries were stricken
| speechless by surprise, and the evening
| papers hadn't gotten over the shock when
they went to press, and dismissed the
biggest item ever published in Memphis
with beggarly ten or fifteen line notice.
IL breaks our contemporaries all up TO be
scooped by the ''od lady," as they are
pleased to style The APPEAL when a
iacetious mood strikes them, AMI there
was kicking convention in session yes
terday simultaneously in three kid news.
paper offices, all daily. The Ledger got
Qua patent reversible, automatic, self
feeding contradictory and confrmatory
announcement TO the effect that Supt.
Barrett officially denied the sale,
and backed up "Non-committal Tom's'
denial with confession OF igno-
rance on the partoi all the street car stock
holders, but the LdJer adds at is known
that negotiations have been pending be-
tween the company and the Chicago syn.
dictate for the transfer OF the property for
the past three weeks, and that a represent
alive of the Chicago people has been In
Memphis for the past few days with aview
Of bringing the negotiations TO close.
lie left the city for Chicago last night, but
whether his mission was n successful one
or not Is a matter purely Of speculation. I"
Precisely, purely matter Of speculation,
and beautiful speculation il is likelyeto
prove for the fortunate holders Of thc stock,
rs will hereafter appear.
Tho SchnitT contained the following
comprehensive, explicit and soul-satisiying
| announcement:
"For the past six weeks negotiations
/ boxing TO the purchase OF the street rail-
| roads Of Memphis by Chicago syndicate
have been pending. They are still sitting,
With n probability Of contamination DO.
ioi1 February, II Is slated"
II will probably be news TO TuE APPrAL's
Juvenile contemporary 10 learn through
this column that tho Sitting Is all over,
That the trade is made, and that Frank II.
White, who has been sitting up with
this scheme for four months, will arrive
today from Chicago with the papers In bis
pocket
G-.!he way, talking about Frank White,
Il may DO Us well 10 state that 10 him, In
conjunction with John l.. Norton, belongs
tho honor Of having conceived the big
deal aud engineered II to a successful ter.
mination. As carly asia August thoy be.
ban laying the wires which Ners touched OF
on Thursday. Tho FIRST step was TO secure
options on every dollars worth Of street
railway stock outstanding. Armed with
these Mr.. White went 10 Chicago and be-
gan interviewing capitalists with a view 10
cnlis,ing their purses In the scheme. Mr..
Whites frequent visits 10 Chicago was the
theme OF much comment on Change, aud
some Of the wiscacfcs were certain that he
had been Specializing in wheat, aud that
"Old Hutch had Frank In his clutch
Ills colleagues on the floor Of The MGR.
chants Exchange will now, doubtless, re-
nlizc that lac had other lsh to fry and that
he Is not the lamb they supposed he was
TnE PRELIMINARY MASEUvRrs.
Last summer while the jackson Mound
Park Opera Company was entertaining
the can't-fctavay brigade with night,
comic opera, Mr. White returned from
Chicago accompanied by porily and ven
cradle looking gentleman, whose oorpor
osiiy and blooming complexion indicate,
IN advanced stage Of prosperity. Mr.
White was very attentive TO the stranger
and showed him all the sights Of The city
In the daytime he conducted him 10 III,
top story Of Oliver K Finnie's new build
ing and gave him bird's-eyo view Of TN
city aud liz splendid geographical location
H. nc.sosk Of railways, uidiaiing In ici
different directions from q common center
It, uncquaod facilities for water transport
alton with the mighty Mississippi sweep
ing malcstcally by i,s doors. Tho keel
eye Of the Chicago gentleman lii up wit
admiration as be surveyed tho splcndi'
spectacle, and lac then aud there Tcgislcrc'
4 prediction that Memphis was d,siinc,
10 DO city that would rival Chicago Il
her palmioet day.
Other points Of interest we're visited, moi