The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1892-05-30
STREET RAILWAY SOLD.
All the Lines of the two Local Com
panies Change Hands.
CINCINNATI AND CLEVELAND MEN
buy n Controlling Interest in tho
Wheeling anu Citizens Railways, ut
n Good vnluntion.--TIlc Future Pol.
Icy ortho now owners ontlincd..Tho
Purchase Means Better Service for
tho Community.

On Saturday evening a change took
place in the ownership Of tho control
ling interest Of Whecling's two street
car lines. a majority Of tho shares OF
tho Wheeling and tho Citizens Railway
Companies was sold to capitalists from
Cincinnati and Cleveland, supposed to
be largely interested in street railways,
particularly in electric lines, and to be
successful in managing them. The ex-
act proportion Of tho shares which
passed into tho hands Of the new own
|. Ors was not stntod, nor could the con-
sideration be definitely learned, but it
was unoficially stated that Tor some Of
tho shares better than par was paid.
The purchasers known in the trans
action nre Mcssrs. W. X. Kimball and
J. G. Champion, OF the Thompson.
Houston Electric Company at Cincin-
nati; W. w. Hazard and james Nicely
mcnt, of Cleveland, and a. M.%Jolly
and A. K. LYDIA, OF Beaver Falls. The
principal local holders who sold out arc
Messrs. W.P. Hubbard, John Ii. Hobbs.
john NJ. Sweeney and j. A. Miller, Of
Wheeling, and W. D. Uptegraf, OF
Pittsburgh.
Upon tho completion OF the transfer,
those who were directors under tho for
mer management retired from the
board, and n now list OF directors was
chosen. The following are the new di-
rectors:
Wheeling Railroad Company-.W. r.
Kimball, president; A. NJ. jolly, John
j. Jacob, John c. Palmer, Jru and,J G.
Thomas.
Citizens Railway Company-John J..
Jacob, president; William Erskine, P. b.
Dobbins, L. L. Sands and Robert irwin.
1t Is an interesting fact that tho deal
which was completed Saturday evening
had been on less than a week, and in
that week representatives OF two other
parties had been hero after the roads.
One OF the gentlemen was st, John
Boyle, Of Cincinnati, who presented his
proposal too late. He is said TO repre-
sent the S~treator syndicate. The third
would-bc purchaser represented 4 Bos-
ton party.
Mr.. Kimball and his associates were
seen by an ISTELLlGEScER reporter at
the McLure house Saturday evening.
Ho said the new management OF the
lines would not be ready to definitely
outline their policy for thirty or sixty
days yet. There had been large invest
ments made by the local company in
inefficient equipment, and this would
have to be replaced at large expense.
The company would expect to improve
the service in every way possible.
Faults in the franchise would also have
to be improved.
Mr.. Sweeney, who retires from the
management, said that som Of the
large shareholders who were able to
put up the money for betterments that
were absolutely necessary refused to do
so, and Therefore he and some of the
others, who recognized that something
had to be done, concluded to sell out to
somebody who. would do it.
The transfer includes all the electric
lines, including those to Martin's'Ferry
and Benwood, and the old horse.car line
to Bridgeport. In all there are about
eighteen miles OF road.
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