The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-03-10
ONE MILLION ~ A LUMP.
THAT IS WHAT Mr.. HOLMES AND AS
SOCRATES WILL PLANK DOWN.
Extracts From Letters From tho Head
OF the Syndicate Purchasing a Con-
trolling Interest In the Nom
phis Street Railroads.

One million dollars, with interest, In
one cash payment, Is not 10 be sneezed at,
This Is the certain climax In tho recent
street railroad deal, and seon TO bC
reached; but the purchasers, men Of fine
business sense, feel that they have made
few better investments.
Owing TO tho failure Of Mr.. o. d.
Holmes and his associates 10 throw down
everything else and rush 10 Memphis TO
consummate and take possession Of the
street railroad systems here at once, there
have been doubts exposed OF the genu-
ineness Of tho trade. Knowing full well
with whom they were dealing aud having
the satisfying assurance that Mcssrs.
Holmes ct al. felt an abiding confidence
in the stability Of their newly organized
property and lis temporary management,
the directors have been content 10 meet
these expressed doubts with a good
naiured smile and the simple statements
"Oh, that's all right. We are all business
men Of sound mind, and darkness Is not
shfouding the transaction"
Almost ever since the vast interests
changed hands, 10 all intents and pur-
poses, Mr.. llomles and Mr.. Hinckley,
managers for the great syndicate, have
been engrossed In other equally important
affairs. The syndicate owns other street
railroads besides those Of Memphis. OF
late their time and attention have been
given 10 matters out West. There has
been an intelligent correspondence In
progress all tho time, at short intervals,
however, and Messrs. Holmes OF al. are
thoroughly informed 4 all the details
essential 10 their leading interests. An
APPEAL reporter, assigned 10 the duty Of
learning the status Of this important deal,
called on Col. X Dudley fnyser yester-
day. The Colonel Ii not gentleman hard
10 get at when approached In the proper
way, especially II he has what one Is after,
and felt easy about Il becoming known.
Fortified with the fact that correspondence
had recently taken place between him
and Mr.. Holmes, Che reporter boldly
declared his convictions and requested
whatever there WIS In late leiicrsthat could
be conhded 10 the public. without look
or murmur Of dislrust, Col. fraysor pulled
from his file letter from G. Is. Holmes,
which bore tho following concluding sem
tence.
"As you are aware, Il IL pretty largo
transaction, and has como At time when
Mr.. Hlnckley and myself have been al
most overwhelmed with matters which
were upon US before these negotiations
were completed with the gentlemen in
Memphis. We are getting along grandly
with all these matters, though, aud have
as much confidence NJ ever In your city
and It's prospects,, and especially In the
street railroad interests involved
The Colonel had another letter, setting
forth that instead Of making the payments
In installments, M at first intended, the
purchase money would be paid over m a
lump, an arrangement Which,, rs Mr..
Holmes OWNED, would be preferable 10
the sellers.
II only wish that some Of my other
transactions were M certain TO carry ~ thls
one, said Col. fnyser renlarking upon
the doubts which were ever aud anon OK.
pressed The property they arc buying