Morning journal and courier., 1891-09-29
A BIG DEAL.

The West Haven Horse Railroad Bought by 8 Syndicate of Capital l fsts-The Same Syndicate Buys the |
 Winchester Avenue Railroad Com- pany's Stock, Charter and Rights and to Build the Road as Soon as Possible.
 A syndicate of capitalists, which owns twenty street railways, has bought the West Haven horse railroad and has also bought out the Winchester avenue street railroad company. The syndicate is the same which recently purchased the whole street railway system in Detroit, Mich., and which owns street railways in Port land and Bangor, Me-, Newburyport and Worcester, Mass, Norwich, Conn.,, and roads in other cities. Ex-Governor Wal Ter was in town yesterday and the final transactions in the dual purchase were consummated here at the law office of s. H. Wagner and F. H. Kelley, number of representatives of the syndicate being present.. The West Haven road has been owned by the syndicate four months. The syndicate bought and now holds nineteen twentieths of the stock of the West Haven company. The members of the syndicate are mainly eastern men. Yesterday the con- tract was made and signed for the pur- chase of all that is owned by the Win chester avenue railroad company. By the terms of this purchase the syndicate agrees to proceed immediately to the con- struction and equipment of the Winches- ter avenue road and to also build con- necting link between the Winches- ter avenue road when built, and the West Haven horse | railroad if the petition for permission for the purpose now pending before the court ! dicate owns every share of stock | of the Winchester avenue company. | If the common csunci1 grants the petition for power to build the connecting link spoken of between their two systems l which will be on the north side of Chape street fromfthe present terminus of the West Haven>road to College street, where it will intersect with the Winchester | road, it will make 8 direct route to the depot, over the West Haven road and en. l able the Winchester road to land it's pas sengers right in the business center, in | stead of from two to four blocks away.
 The syndicate, since it's purchase of the I West Haven road, has expended from $40, l OOO Co 2co,OOO Ill OIlO 1Ooo New cars have been bought and more new cars will be added and the syndicate in
 tends to equip the road with electricity as
 soon as the necessary power for the pur
 pose is granted by the legislature. Saic
 one of the members of the syndicate "Wt
 intend to have rapid transit of the req
 sort on the road or in other words expec
 that the trip from the old green to the rocl
 will be made in 20 minutes, and perhap
 in fifteen minutes.
 E. P. Shaw of Boston, who is one of tn syndicate, expressed himself to the effec
 that the more popular a road is the nor
 profitable it is, at least such had beel
 the result of his twenty years experienc
 with street railway management.
 As regards the West Haven road it i
 further ascertained that President Israe
 A. Kelsey and Director s. A. Stevens vii continue to be identified with the road a
 directors under the syndicate, and probs
 bly, Superintendent Ward will be retaine
 as superintendent, if he so desires.