The record-union., 1891-10-07
MR.. CAREY'S CAR LINES.
A Rumor That the Electric Company
Had Bought Them.
Manager Lewis Says the Latter Can
not Pay the Price That Mr.. Carey
Asks-The Brighton Road.

A rumor was in circulation yesterday
to the effect that r. S. Carey had dis
posed of his street railway property to j.
II. Henry, and further that the purchase
had been made for the Southern Pacific
Company.
While the RECoRD-UNIoN placed no
confidence in the rumor, reporter was
detailed to interview the Electric Rail-
way Company's local manager, l.. L..
Lewis, on the subject.
Mr.. Lewis simply laughed when in
formed Of what was being said on the
streets.
You can say" said he, ''that there
isn't word of truth in the statement. In
sent the Southern Pacific Company in
any capacity. That company has moth
ing to do, so far as 1 have ever heard,
with street railways outside of San Fran
cisco, and certainly not with ours"
"Well, them" asked the reporter, ''is
there any truth in the statement that the
Carey roads have been bought by your
cOmpany?"
mot particle" promptly replied Mr..
Lewis. Il do not say that we have not
considered the matter, but there is
such vast difference between the
value that Mr.. Carey places upon his
property and what we would be willing
TO give, that I have no idea we can ever
come to an agreement-it seems to be inn
possible.''
"Do you care to state what the figures
are?"
mo, do not deem it proper to do SO,
but when l say that the difference be-
tween us amounts to nearly couple OF
hundred thousand dollars, you can readily
| understand the absurdity of the state
ment that there has been any trade con-
summated.
considering the fact" continued Mr..
Lewis, that if Mr.. Carey were to sell to
us, we should have to lay new tracks and
roadbeds throughout and equip the sys-
| tenn with new cars at least as good as
! those on our present lines, at an outlay
| of about 100000, we DO not feel justified
| in giving anything like the price he
! places on the property"
but viii not Mr.. Carey have to go to
| the same expense to equip his lines that
! your company would if he should sell tC
| your"
That" said Mr.. Lewis, sis something
l cannot say. / speak only of the man
ner in which we would have to equip the
roads if they were ours. Mr.. Carey may
! or may not feel called upon to do just
what we should do-he understands his
! own business better than | do. He is q
practical man, and / presume knows
| what he is about.
1--WE have considered the matter from
what we regard as purely business
standpoint. The cars, horses and rea
estate would be worth to US just wha
they could be sold for. This, we think
can be closely approximated. Wha
these properties are worth to Mr.. Carey i:
another matter-I have nothing to say
about that"
Have there been any new develop
ments in regard to the proposed exten
sion of your M-street road TO Brighton p
"Nothing new, except that the state
ment made in the RECoRD-UNIoN yes
terday, that our company was favorable
to the general proposition, seems to have
stirred up the people along the proposed
line. They are, apparently, quite enthu
siastic over the matter, and have called :
meeting for o'clock next Saturday, a
the office of Bruner & Bruuer, to discuss
the proposition and if possible tormulat,
some plan of action"