, 1892-03-22

An Agreement Between the Two
Railway Companies.

How the Light and Power Conn
pany Will Secure the Rtght-ef-
Way-George D. shannOn's New
scheme.
TACOMA, March %, 1892.
President George Savage, of the Olympia
Street Railway company, held a conference
with Henry Drum last night regarding the
disposition of the company's track in
Olympia. Owing to the absence in the
east Of Walter J. Thompson and g. J..
Smith there was no quorum, but Mr.
Drum and Mr.. Savage were closeted to-
gether for some time.
George d. Shannon, another member Of
the company, arrived this morning. His
presence here is supposed to be in connec-
tion With proposition now on foot to
develop the country in the neighborhood
of the Nesqually. where Mr.. Shannon has
a valuable ranch, by building railway
from Olympia to point near Nesqually
City. Mr. Shannon has long been noted
for the shreWdness Of his Investments and
his peculiar habit of keeping his business
to himself, His movements here have
terry, but it has leaked out that he is en-
deayoring to secure possession Of the mo-
tor power now in use in Olympia.
With his usual reserve, he declined this
morning to deny or affirm the report e.It
IS true, he said, thatI am interested near
Nesqually City, but have never vet said
that proposed to buy the new Naphtha
motor or the horses used on the railway at
Olympia. If [ did, think L could operate
the road very successfully, for [ am not
new IN the business. Now if you want to
make little money on the side, here is my
check against any man, money, and | say
this on my own responsibility. | could
operate the motor myself at a nominal fig
ure, and think l could make it pay, too.
Before leaving Mr.. shannon secured a
number OF quotations on coal oil and horse
feed.
AT the headquarters of the Light & Power
company, all knowledge of Mr.. Shannon's
movements were diselaimed and SO far as
the members OF the company knew, he had
no intention of running the Naphtha motor
to Nesqually City.
1t is likely, however, that an agreement
has at last been reached between the two
companies. What the street railway com
pany wanted, was a line to its land in North
Olympia, and in this respect it will proba-
bly, be satisfied. No money, however, will
be expended by the Light and Power com
pany In possession Of the street. The con
ference Of Mr.. Savage and Mr.. Drum re-
suited in the signing by those two gentle
men, Of q contract, by which the Olympia
Street Railway company agrees to Yacate
Main and Fourth streets, and the Olympia
Light and Power company agrees to give
the Olympia Street Railway company a ser
vice OF so many trips a day for a certain
period, for a distance Of three miles north
from Puget and Fourth streets. Savage's
Savage's company agrees TO assign all its
rights and franchises to the Light and
Power company. The former company
must lay the rails, plant poles, string wires
and have everything in readiness for the
Light and Power company to run its cars
The latter company takes the receipts, but
also agrees to keep the road in repair dur
ing the time of the agreement, which is fol
a period of seven years.
The contract was forwarded to Mr. Mad
WE'LL anothermember of the Savage com
pany, who is now i'll at Portland. If BIZ
signs it,, which is altogether probable
will cease