Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-02-01
UNDER A NEW NAME.
The Old Squirrel Hill Electric Road
to Make Another Start.
ITS CAPITAL STOCK INCREASED.
Thomas A. Noble and others 10 Push the
Line to Completion.
EXPECT TO SOON HAVE CARS RUNNING

After many trials and tribulations the
Squirrel Hill Electric Railroad has made a
new start, and this time il looks as if it
would be made a success.
While some of those who started the road
had but little faith in its paying capacity
so little, in fact, that they allowed the en-
terprise to 60 by default-there were other
people who thought there was bona3za in
road that would enter Schenley Park.
1t was last July that the road was sold
under equity proceedings, aud the following
November it was purchased by Thomas A.
Noble. of this city, and the deed was de-
livered the 9th of January. 1t was re-
ported at the sale in July that it had been
bought by New York parties, and later
that the Duquesne Traction Company had
purchased it However, all doubts have
now been set at rest
A meeting was held yesterday afternoon
in the office of Attorneys Hays & Noble to
organize new corporation, elect officers
and to determine upon the amount of capital
stock. Mr.. Noble presided and the follow
ing officers were chosen: President, Thomas
A. Noble; Vice President, William T.
Cowan; Treasurer, E. f. Havs; Secretary
and General Manager, S. j. MacFerran;
Directors, Thomas A. Noble, E. F.. HAYS,
S. j. MacFarren, Robert P. Cunningham,
Henry Miller and John F. Salts.
Changed the Name of the Road for Luck.
The name of the corporation was changed
to that of the Schenley Park and Highlands
Railway Company and the capital stock
fixed at 100000. The charter permits
capital of S15O,OOO The original amount
of capital was $50, 900, and thus far the ex-
penses of the road have run up to $93. 900.
The directors were instructed at yesterdays
meeting to enter into negotiations a. once
for the completion of the road. The line is
three and a half miles in lenth, and there
remains about q mile and half of track to
be laid.
1t is thought that the road can be COM
pleted and be in running order in from two
to three months In addition to laying the
remainder of the track poles are to be
erected, wires strung and electric cars pur-
chased. 1t has not yet been decided whether
the new company will have its own power
house or use that of the Duquesne Traction
Company, with which the line connects.
The President of the new road says that the
mark will be pushed as rapidly as possible,
and he has no doubt of its ultimate success
as paying investment.
The charter of the Squirrel Hill Railroad
Company was granted in 1887, and the origi-
nal Board of Directors was organized in
October of that year. Work was begun in
the following year. Those who started the
project were residents of Squirrel Hill, but
as the work progressed it was found that the
work was costing more than had been
counted upon. Later its construction was
practically abandoned, and then ensued pro-
ceedings in the courts.
The Tracks Torn Up by the City.
After the final sale of the road to Mr..
Noble more trouble came, it being caused
this time by the city. Chief Bigelow ordered
the tracks within Schenley Park to be torn
up, contending that the company had no
right to enter its limits. The matter
was taken into the courts and decided in
favor of the company The road runs from
Fifth avenue and Boquet street over,
number of public streets and through private
property to the Colfax School building by
way of Schenley Park.
Citizens OF the Twenty-second and Twenty
third wards are considering the advisability
Of constructing a new street railway. Tine
route that seems to find the greatest favor is
that from Second avenue, near Lauehton
station, past Schenley Park to the inter-
section OF Forward street and Shady lane.
The route will be two miles long, and an
almost level road the entire way. It will
open up large amount of property on
Saline, Forward Murray avenues, Shady
lane and other streets. Many of the former
subscribers to the Oakland and Squirrel Hill
road, it is said, will give their assistance to
this route. A meeting will be held in few
lays to consider the matter.