New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-11-18
TO CONSOLIDATE THE ROADS.
A BROCKIYN STREET CAR line BOCuhi'
THE ATLANTIC AVENUE RAILROAD PURCHASED
ny 4 NEw-YORK SYNDICATE.

TIE ATLANTIC Az Is.NbI' iN''i 1|-'D'D
BY A NEw-YORK SYNDICATE.
The talk Of a change in the management u some OF
The Brochiyn street railroad companies cnlmina'eu
Yesterday in the announcement that slhnic'.e VI
New York capitalists had purchased the stock OF the
Atlantic Avenue Railroad Company. Negoui
lions have been going for some unie,
In fact ever since the Introduction VI
he trolley system on the lines Of the company became
certain. The Atlantic Avenue Company contTois ~'e
Atlantic and Fifth ayes. Boefum place, Hers'ir'''
nutcr-s Fiftecnth-st. Hicksst., lioytst. ParRaVe'
seventhave. and yanderbiltave. hnes all save ''''
In Parl-avc. in south Brooklyn. The company iIis
obont twenty miles OF tracks and operates large mum,
Der Of cars running 10 the stations OF Coney iFhu
railroads and to Greenwood. The trolley VIII so'' "
In operation in Atlantic and Fifth aVe'' oeVeIi
street railroad syndicates particularly those IN "'n
Congressman T. L. johnson, o. Cleveland the -i'"o
poltnn Traction Company. of NewNork. ara Thomas
Lowery OF Minneapolis. Interested have been ooh
ing upon Brooklyn good field FOR investment NO
iforma ton In recarl the sale could Dr. SecnrCT NJ
the Office Of the Atlantic Avenue Company III biVohlli
but at the Office OF NcrmlNc a Co., III ~" ~ IN. ~
where the negotiations were perfected inc repor1 VI to
sale confirmed The syndicat, Is undHIsInOa o. ~
cuic j. and W. Sellgman & o. AM H. IS iiohIS az ~.
William Richardson, the president OF ue N,ull,N
Avenue Railroad Company. was n' AT nosr i wv" wv
last evening and his son said ,ha ne was IN IN New
al the company had been made. hat refused TO give
The details. lie said III, father would have q state,
rnent to make to the pubic today. Il was learned
that the purchaser Is The MetroRotan Traction Com
many, in which william c. Whitney, Daniel La
mont, John d. Crimmirs and Other Demo, Demo
were CONQUERED by yan,iyc d Co. On the
one hand, and J. and W. seliSman 4 Go. on the
other and were completed within the last two days:
n Is proposed 10 acquire the property OF the Bropk{h
CITY Railroad Company. the largest company IN me
city and probably the smaller lines. and consohdatc
cII under a .ingle management. II was SAID h-t
evening that the price paid for the Atlantic Venue
stocN was 20. Il recently sold for lao ana Ia III
open market. hut at auction sale few DAYS ago
M high as 100 bid for 1t. The company was
capin izcd for ~ $50 900. ana there was an issue
Of Al 600 600 of bonds for the construction OF the
road Pccentlv the stock Increased by s}OOO,-
600 for the change Of the method OF popeing the
cars to the trolley system. ,. ,, ,,
The consolidation win mean the retirement from MS
post tle head Of the company Of PTeSidcn, l'h'rh
son usually known aS Deacon HlcInrdNm ne
has been an active figure in street railroad alairS =,
BROOKLYN for q Of years. lie seized tlc rent
operate his in seventh ave- nv IaFlhr the IRA ~
on sunday when injunction ccilli not DC scchrel,
having had ono dissolved on the previous DAY. II
resulted in His thai by The Hanson Place Eaplsi
Church for "disOrdcry walk and immoral conduct
and his expulsion. lie subsequently, secured
reoncninr Of fine case and showed that he Wa at
tending sick child tive day In question, and iiad
hand In Decorating the day a1 upon his profession
Of contritiOn and repentance he was restored u
membership. His SON William j. Richardson, -
secretary q the company.