The times. [volume] (Richmond, Va.) 1890-1903, 1890-10-08
A BIG CITY RAILWAY DEAL.
PURCHASE OF THE RICHMOND
AND MANCHESTER COMPANY.

n Now owns Forest mn Park and the
Car Line From Is to The Northern End
of seventh street In Richmond.
The Richmond and Manchester Company
Yesterday purchased OF the Southside Land
and Improvement Company the railroad
franchises, equipments, &C., Of the latter
company for the sum Of SiJo.0oo, and the
Richmond and Manchester Railway COM
pany gare a mo. tgage upon the whole
property for 100000.
A meeting Of the stockholders and board
of directors of the Richmond and Manches-
ter Company was held in the Office OF the
company, Oil east Main street. The Off
cials present were as follows: Mr.. Joseph
BRYAN. president; Mr.. Jackson Brandt. sec
rotary and treasurer; Messrs. L. y. Page,
John l.. Taylor. samuel III. Pulliam, ana
Moses Macon, directors.
This company, soon after the SOuthsde
Company was formed, leased 10 that com
pany the Richmond and Manchester fran
chises. The >Outhside Company then laid
out Forest Hill Park, and secured the
Seyeuth-street franchise i'm Richmond.
During this time. the Richmond and Man
chester Company secured new franchises.
although it was understood by many that
the franchises were granted the South
side Land and Improvement Company.
GIVEN AN OPTION.
When the SOuthside Company leased the
road they were also given an option on it in
regard TO buying it, Yesterday, the Rich
mond and Manchester Company, or Mr..
Joseph Bryan, who held controlling inter
est, sold 10 the SOuthsde Company the rail-
way that was leased by them This was
for n certain sum not named, and the COM
pany did not include in the sale the fran
chises that have been granted them recently.
As soon as the sale was cOnsummated
The officials resigned, and the Richmond
and Manchester Railway Company reor-
ganzed with the following officers: \. II.
Rutherford. of Baltimore, president; W. c..
seldom, Baltimore, secretary and treasurer.
Directors: j. W. Middendorf. Graham Cor
don, W illam \. Marburg, Baltimore: j. A..
Bradley, Manchester; Roosevelt Page, Rich
mOnd.
NEW DEAL.
This new company then bought from the
SOuthside Land and Improvement Company
! the franchises, equipments, ETC., but few
moments before purchased by them of Mr..
| BRYAN and associates. The new company
also bought Forest Hill Park and one hun
dred acres Of land lying CONTINUOUSLY to the
park. For the whole purchase they paid
$4,000.
GAVE A DEED.
To secure the purchase the Richmond
and Manchester Railway Company exc
cuted a deed OF trust 10 the Baltimore
Guarantee and Trust Company in the sum
Of 100000. this about doubling the stock OF
the company.
| The bonds issued, with the exception Of a
small number, have been placed or sold IN
Baltimore. The lire, as run by the South
side Company, paid over q per cent. on
| S20O0OO. and land near Forest Hill Park
has been sold recently for 81. 2OO an acre.
Mr.. John J.. >emmes, of Baltimore, and
Mr.. Roswell Page, OF this city, appeared
at the meetings as counsel.
! Mr. Semmes is nephew of Admiral
Semmes, Confederate states navy. and
Semmes avenue, in Manchester, is named
after that distinguished officer.
The deeds noted above were recorded in the
| Corporation Court of Manchester yesterday
afternoon. one was for $4,000, and the
other for 100000.
GIsI OF IT.
The whole matter is this-that hereafter
the new Richmond and Manchester Com
pany will own Forest liill park and the
street car line from that point 10 the north
ern end OF seventh street IN this city.
This company has nothing To do with the
projected line over MayO's bridge. which,
if ever completed, will be "A continuation of
the Marshall-Street line.
The new company proposes 10 complete
their projected road at once. and expect 10
have electric-cars running to Richmond lbs
the 18th Of this month. They have plenty
Of funds, and intend TO give the people of
both cities iirst-class service in every
respect.
Last night the Baltimore men We're en-
tertained by Mr.. Roosevelt Page at his resi-
dence on Grove avenue. \ prettly ar
ranged collation. was served, and pleasant
and enjoyable time spent.