Morning journal and courier., 1888-06-07
: DOWN AT sAvIN ROCK.

Vari0us Changes and Alterations as
 the Shofe-NeW Cars for the West
 Haven Horse Ra1lroad-A RHf Sf H1ss
 tory About She West Haven R0ad-Et
 fs Gradually Emerging From Its In.
 debtedness-VvIII Fay Dividends Be-
 fore Long.
 The shore houses at Savin Rock will all be in full blast in a few days. Twitchell of the Massasoit had his opening day Tuesday. A large number of his many friends attended and enjoyed his hospitalities. Putnam will open now in earnest very soon. He has the Howes place, which has been considerably changed in appearance, a new building hsy- ing been erected. The Miller place adjoining is also being greatly improved. The new building or addition is nearly finished. The flying horses will this year be run by Julius Lambert, he having according to reports bought out Hager, who ran them for several years past. Lambert is greatly altering the appearance of things in the flying horse sec- tion of the grove by erecting building over the horses and an enclosure which will en- close the horses from outside view. A New Haven man named Kilbride has bought out the Madden Bros. place and MT. Reiner, who has a saloon on the corner of Wooster and Union streets, has taken Mir. Putnam's former place in the grove. Mir. Skeeles will conduct the Skeeles place at Kelsey's wharf.
 The West Haven Horse Railroad company has just received from Stevenson's, in<N New York, two new and beautiful sxcur sion cars, which being oiled up at the railroad shops and will be put into service on the road in day or two. They have turnover seats, unlike the large Providence cars of the road, and many think this kind preferable to excursion cars with fixed seats. The West Haven Horse Railroad company's stock will undoubtedly in very few years pay divi- dends, which will no doubt be very gratifying to the stockholders, who have already wait ed twenty-two years for it to get in posi- tion to pay dividends. A large part of the stock is held by few holders, George R. Thompson being the chief holders. The building of Ihe road was 3 piece of enterprise and public spirit which rebounds to the credit of the men who had the foresight, energy and push to build it, and it has been a most powerful factor in the work of building up West Haven to it's present dignifed and important position. Especially has it been of advantage in open. ing up to the outside public the shore front and contiguous real estate at Savin Rock, which has increased in value in twenty-two years from almost nothing per front foot to $100 per front foot in the best locations. Land sold by the acre at the shore where now it sells for $10o per front foot. The West Haven horse railroad was built about twen- ty-two years ago, and as it's capital stock is not large, being only about $61 ,000, it will be good paying stock ultimately. The bonded debt of the road was about $40, 600, and this has been cut down about one-half axyf ho of 4ho a floating indebtedness amounting to $15, 900 or $20, 900, and this is about two thirds wiped out. Hence, with the present earnings of the road continued, the road will get its head out of debt in few years. That the stock is not going about begging much is seen from the recent sale of stock-the stock which belonged to Mr. s. B. Smith, who has removed from West Haven. The par value of the stock of the West Haven road is $25 per share, and the stock sold brought $25 per share. About $6,000 worth changed hands. The State street horse railroad stock holders waited patiently for sixteen or seven teen years for the road to get on dividend paying basis. The road is now doing well as a dividend payer