Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1888-08-09
PROBABLY A GO.
The Purchase of the Tri-City Street
Railways.
The Plans and Purposes of the Syndi-
Facts and Figures.

case-A Grand Belt system Pr0pOset
| Facts and Figures.
The ARGUS of last evening announced
the fact that the negotiations for the pur
chase by a Chicago syndicate of the i'm
portsnt street railway lines OF the tire,
cities had been renewed and that The
prospects for the consumation of the dea
were good this time 1t will be remem
| bered that such Il scheme WAS talked o
| about eight months ago, and that CAPT
talISts from abroad came here then anC
| looked the ground over. The purpose
WAS then to involve all the roads of the
three cities in the deal Now only the
most important roads are included, thost
| being, as stated last night, the Moline
n Rock Island and Union lines in thi.
city, the City Railway or Third Street
line, the Bridge, Second Street and North
west Davenport in Davenport, and the
Davenport & Rock Island Bridge Rail
| way. So the transaction does not in
clude the Central Railway electric line
| IN Davenport, the Central Railway cX-
| tending from Moline to Stewartville Of
the Rock island Il Milan line. The idea
ct the purchasers, it is understood. is to
consolidate the five roads talked of into
one great belt system and to operate il
by electricity. The lines acquired.
traverse all the most important territory
of the three cities besides connecting
them
Speaking of tine consolidation the Day.
export Democrat, Gazeue of last evening
says, ''it is sure 60 this time" and that
now everything is accomplished but the
signing of the papers, and the journal
quoted continues
A week ago today r. S Denning and
- "a Nh''aS''' ailiNeu from
'"a' Guy to.rehe" the negotiations which
were abandoned a year ago. They
brought letters of recommendation and
I tei.ihca'es rs 10 their authority from the
'eS' Nn""h bankers IN Their city. They
called upon the officers of several street
railway companies here and wanted an
opu"h from each 1t was given them
IDptss.1Intr hgrp Ia, c
10 hsures from the Davenport "
i'"'h isIahu street railway company,
"hi'h proposed to run cars across the
government bridge. The Central rail
way company had no option to give, pro
p',S'hS 10 run their electric line them
iht nsures they obtained are as fol-
lows siobVoO Tor the Third Street
way eso.W" Tor the Second Street
,h"Way' 100 Tor the Davenport Il
taotA iSialu railway SlIO,ooO for the
an" ASs oet"eeh Rock Island and
T T,
Il" VISITORS carried the figures to their
= IN Chicago' who approved of
'nei'' LOT on monday last Messrs. Den
a"n ooGnFahe returned, accompaN
niou W ShaS' ID. holihes, president OF the
s"uthsiue cable line and north side horse
~; 80 III ChicaSo, TO accept the propn-
,ran.,au.; 49, a''eNN ~ the business OF
hitch At ali in nprapnar,. o., ' a.'. was no
already for signature bnt the absence of
Banker Mitchell and two other directors
III 'oe holihe " rock Island Railway
,,,,,.l ~, n'' M 'io''nS vi uesoua-
their assan, boue1yar 80
there is no doubt the Chicago syndicate
VIII become possessors OF the lines named
~, '"1 ~ ''''es III iess thah week
Sc OO0 OOo-S3 nm Onll casb snd 70 900
300 bonds
1t may be thought that the Davenport
anu MOCK is'shn railway company are
for ,han Iva .",il II anon'Se'
was So much opposition in Rock Island
The directors are F H. Griggs, f $
-afi' j. dreeh, Geo. ii, French, j II. |
/" r 80 C,,. n Io'oi'ou, -, n hit's' IL
field. The cnunanv has snent mora ,har
30 900 10 establish the line. 1t is only
'ghI that theY should get their money
''' B." anu SUM pay '"' 'he'f trouble
~ ~ u, " '"''' '''e' III auS Vi Tue
, III '"'7 S''a'
''' '''' ANUS "'e o"n
nav o'" "'" '"'l'h'''a' "h tue
'''''e ann III VI
y. '"e u'i'''''s
" w" '''"' '"o '''oN i'''n' line are
'"' ""'' ''e 'i""siei
''''"'''N ''" '''ou'"S "s"' Tue
was .',nD"S "''''uS 10 SUI
'"'S n''o" '"eu
'''' ''' = "''n '''' %" '",, ''''e, ms
1D',''''' ~ y '~'''' ous"' u
attitude, and that paner saws il has con-
,pnted
There is one thing bowaver that NOV
10 rnnsidarpd "a n,acticsIIv established