The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-05-06
HOLMES NOR HIS AGENT.
JEALOUS PILaRIMAGEs TO THE
GAYoso HOTEL YESTERDAY.
Stockholders Of the Local Street Rail-
way Companies on the March, But the
Man They Looked for Never Came"
--speculations Upon the Failure.

Day after day passes, and the great street
railway deal gives not as much sign OF be-
ing consummated as when the intention
was first given to the public through The
APPEAL.
The interest Of the public in this now
doubtful transaction is manifested every
day in the earnest inquiries directed at
those who are supposed to be in the inner
circle Of knowing ones.
1t is not in the least to be wondered at
that there should be desire for the change
in management since it could not well be
worse, and Mr.. Holmes is famous for Civ
ing all the facilities demanded by the pub
lie, and in good shape. The stockholders,
too, are not so unconccrned as they affect
to be. Yesterday nearly every one OF them
were on the march, looking for the
agent who never came, though prom
ised in letter and telegram
from Mr.. Holmes, received day or
two since. There were many prilgrimag 8
to the Gayoso Hotel yesterday by men
whose stock in the concern is In the hands
OF Mr.. Sam P. Read, trustee. The trend
of questions with which the hotel clerks
were piled by these gentlemen was,
"Whom have you here from Chicago?"
CHANGING over the register, a stop was
made at every arrival from the windy city,
and the interrogation put, "Who Is this
mani" II the agent was there the c+r-<
ical staff didn't know it, and the visitorsS
departed with long. deep, soulful sigh.
The real situation is not difficult to dag
nose. Mr.. Holmes and associates no doubt
really wanted the two street railway sys-
TENS of Memphis, and in getting 1t would
have come into possession of good prC/p
erty. But there came in that long-he1, y
Philadelphia lawyer and nuisance, " ~
went moseying through the papers in 'n'
case, and found facts upon which, U
base an adverse report. One OF therx wa
evidently the demise of the Memphis w.
Company's charter within three or iou
years, and tho assured contest mitn ~. h
city authorities over an application oi VI
galvanic consolidation battery 70 prvionl
its life for about twenty years mat Iega
emissary scared up rodent they, that re
fused 10 clear and gave out an oNpr Una
WIS actually skunkiierous in its power
and scope. Perhaps he went furN ger y
his investigations and learned that 81, ~
600 was pretty stiff price for about S70O,<
900 worth OF property anyhow, and left a
mighty slim margin for additional bonds
IL is said that the latter is main consid-
Grafton with the Holmes people. and new
bonds are placed upon all their purchases
TO about cover the original hand-out. Upon
the report OF this lawyer to money-lend-
ing concerns from which il was expected
by the syndicate TO obtain the money,
the stuff was not forthcoming. Then be-
gan a chase that IL seems has continued
ever since, and extended TO the money
centers Of the East and West, still there Is
no dust OF tho glittering stripe.
Still, all save one OF the stockholders
appear to be resigned TO fate. The rebel
lious member is Col. Thomas Barrett. lie
is reported TO be disguised over the whole
business, because the contractors have not
come to taw. 1.-THE contract is regular
child's play" lac is accredited with say
ing. with no forfeit up for failure to ma
torialize, and no guy rope out with which
10 seize and squeeze 'em afterwards through
legal channels" The Colonel Is not at all
in good humor over the delay and doutJr,-
but as yet has made no demand upon
Trustee Read to break up the game in q
row.
The end Of time Is not yet, however,
and Mr. Holmes or some one else may
buy out the street railway corporations OF
Memphis. II II is done the purchaser
will pay for what he GETS