The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-06-05
STREET RAILWAY DEAL.
TIE BELT LINE BOUGHT BIZ 4
NASHVILLE SYNDICATE

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Reorganization Of the Directory Yes
tsrdsy-Ths Old oAcsrs Rs-slecssd.
Director Rhss OF for New York 70
Buy the Electric Plsnt-Runors that
the Syndicate Are Negotiating for
the City and Suburban and Coast
Line Railways.
Ine sensation Of the city yesterday was
the deal q q Nashville syndica.e, by which
he controlling interss. Of the Belt Line
street. railway passed into the hands Of the
syndicsts- 1t has bssn rumored on the
Streets for the last three or four days that
thsr read had bsen sold, bat it appears that
the trade was not fully consummatsd until
Yesterday, and what was an opsn secret soon
became the talk Of the city, as both sides
admitted the deal had bsen closed up.
The Belt Line YVES reorganizsd yesterday
preparatory to putting in an electric plant.
In order 20 accomplish this important i'm
proyement in the street car system Of the
city controlling interest in the Savannah
Street and Rural Resort railroad was sold
yesterday 70 syndicate Of capitalists COM
posed OF MessrS q. NJ Fogg, J. H. Fall,
Thomas W. Wrenn and Isaac T. Rhea Of
Nashville, Tenn, and their friends, who
gave par for tbs stock and bonds OF the Jm-
pany.
The purchasers are the owners Of the
street car lines and franchises Of enc city Of
Nashville. They purchased the controlling
stock IN the several street car companies Of
mat city about year since, and put in an
electric plant at q cost OF ga, 900. Under
the changed motive power the travel over
the Nashville lines has increased 200 per
cent II has also resulted in the rapid i'm
provement Of suburban property In that
city.
The sale Of the Belt Line no. only secures
70 Savannah the benefits 10 be derived from
the introduction Of electricity in the street
car service, but brings TO the city a large
amount OF new capital which can be used
IN developing other enterprises and improv-
ing the city.
At meeting Of the company. held yesser-
day after the sale, Mr.. w. @. Cooper. presi-
dent, Y. II. Dorsett, Esq, treasurer, aud
Capt. II. G. Cunningham, secretary, were
reelected as the officers Of the company,
and they, with Messrs. Fogg, Fall, Wrenn
and Rnea, comprise the new board OF di-
rectors.
Messrs- w. G. Cooper, II. c. Cunning
ham, ): Guckenheimer, Lee Roy Myers aud
j. ID. Estill were appointed committee to
petition the city council in the matter of
cars OF the company. Mr.. Rhea and Mr.
Bradford, attorney for the syndicate, left
for New York yesterday by the Atlantic
Coast Line 70 arrange for the electric plant.
This purchase, it is rumored, is the first
movement toward introducing electricity on
all tie street. car lines in this city. 1t was
reported on the streets yesterday that the
Nashville party has secured block of the
stock OF the City and Suburban railway, and
that negotiations are pending to secure
the balance of the stock
There is some dissatisfaction among the
directors of the City and Suburban COM
pany in consequence of the proposed aban-
donment OF the outside line TO Isle of Hope,
and the diversion Of travel to that place -
the Coast Line railroad, which is owned by
Mr.. George Parsons, who also owns a MAJOR
ity Of the stock Of the City and Suburban
railway. Maj. Alfred L. Hartridge pro-
tested against the proposed emasculation,
| and resigned from tue directory.
OF course If the Nashville people buy the
stock Of the City and Suburban railway
and the Coast Line railroad, there will nee
essarfly be great Improvement In the
| street car system by the general consolida-
ton Of the street and suburban railway
lines.