Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-02-10

MORE INTERESTS.
Events follow each other with reasonable
rapidity in the street railroad deal, and while
there is no sale of a road to record today,
yet it can be said with confidence that there
are at least two roads which are hanging
like ripe plums ready TO fall into the
first mouth that comes within range providing
of course that there substantial evidences
that the hunger is backed up by q good
bank account. The next road that is
TO fan in line is said 10 be the Co
lumbia- There rumor ON the street
today that the transfer of the Metropolitan
road had actually been made, but this was not
verified. The rumor is said to have originated
in the story that Col. Dan Lamont was
in the city yesterday in conference with
some of the directors Of the Metropolitan
road. IL he was here il is the first active
appearance in the railroad deals in this city
OF any OF the magnates who are said 20 be
members OF the great syndicate which has
already bought two of the roads in this city and
intends to buy a couple more before il stops.
As the readers of The STAR aware, the syn
oicate has been represented in the purchase OF
the Belt and the lexington roads by Mr.. Nc
Lean and Mr.. johnson respectively. Ii was
supposed that the same method would be fol-
lowed in acquiring the control of the other
roads, but IL Mr.. Lamont is here in active ne
gotiation II is evident that the syndicate is
getting close down 10 the work, and that the
time for more direct connection with its
interests in this city has arrived.
HOW THE SYNDICATE MANAGES.
1t may not be generally known, but the street
railroad syndicate spoken of as the widcner-
Elkins syndicate is one of the greatest
combinations ever formed and the invest
ments already in property of this character have
reached enormous proportions. In addition to
the two men whose names are mentioned and
who are know in Philadelphia as men Of great
wealth, the combination includes such men as
ex-Secretary Whitney, Mr.. Lamont and other
well-known capitalists. Their holdings, II
lis stated, now include a control of the car lines
in Philadelphia, a number Of. the important
roads in New York, Boston and Chicago, while
In Baltimore they control the traction sys-
tenn, which is virtually all the roads Of
that city. The method of managing these
great interests lis of importance here.
because it now looks as though in
short time they will be managing the largest
proportion of the street railroad mileage in
this city. In Baltimore. for example, they
placed at the head of the roads owned by
them Mr.. Edward Hambleton, a well-known
banker and a man of wealth and standing in that
community. The president of the proposed
railroad between this city and Baltimore is Mr..
Howard Munnikhuysen, also well known
citizen of Baltimore. These well a few
others who citizens of Baltimore, hold a
block of stock and are therefore personally in
terested in financial management of the
property.
The members Of the syndicate in connection
with the local capitalists, retain a control Of
the stock, and as they are careful in the selec
ton of the men who represent them locally it
is said that they nave no difficulty in managing
their interests, although they are spread over n
wide extent Of territory.
CHARTER FROM CONGRESS-
As is we'll known they have secured a
charter from Congress for the building
of a railroad through this District The
| surveys for this section Of the road
as tar as Hyattsyille have already been
completed by their engineer, Mr.. ". kesley
Schoepf Of this city. Ii is expected that the
road from this city &c Hyattsyille Will be in OPP
GRAFTON some time in August. Within the Dis
trict the line OF this road will follow that OF
Rhode Island avenue extended far west
4th street east, where 1t makes connection
with the lexington. For the present at least
the city connection of the Baltimore and Wash
ington road will be the lexington. No work
has been begun on the Baltimore end for the
reason that negotiations are still in progress to
secure the control of the City and Suburban
railroad of Bal timore 1t is stated that it il
the intention at an early day TO build an cleo
trio road connecting this city with Baltimore.
SOME LOCAL REPREsESrArIvEs.
1t is possible that the interests of the
syndicate in this city as soon as the
series of sales now under way completed
will be intrusted to some resident here. 1t
Is, of course, not known who the man will
be. but 1t is intimated that possibly Mr..
Mclean and sir. Johnston may be induced 10
retain substantial interest in the railroad
franchises which have been and will be Sc
cured in this city. There is q good
deal Of curiosity to know who is conducting
the deals for the other roads, and il was
suggested today that no doubt different men
would appear purchasers of the two other
roads and after the entire deal is completed
that they can dine together and compare ex-
periences.
WHO SOLD THE STOCK.
Ten checks for the payment Of the lexington
stock purchased were distributed today. II is
not known precisely what stockholders parted
with their stock, but the following list is
thought to be about correct: George Truesdell,
E. Kurtz johnson, b. II. Warner, r. i. Petit,
John III. Lane. c. c. Duncanson. Chas Baum,
Jacob Tome and Ii. l.. Crawford. The price
paid was S45 per share.