The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-11-24
LOOKS LIKE A DEAL NOW.
The Electric Railways President TO
Meet Mr.. Parsons.

The Conference Expected to Result in a
Consolidation of All the Street Rail-
ways of Savannah Into One System.
Mr.. Parsons Agent Has Been Look
ing Into the Matter Here.
The departure Of President ]. S. Col
Inns Of the Electric railway, for New
York this week has given rise to the be-
lief that the negotiations which have
been pending between the Electric rail-
way and the City and Suburban railway
may amount to something. In fact, it
would not be surprising if Mr.. Collins
visit to New York should be followed by
the announcement that the deal had been
made by which the two properties are to
be operated together, and all the street
railway interests of Savannah put under
one control.
1t is understood that any deal which
may be made with the City and Subur
ban railway will include the Coast Line
railway, now operated as the Savannah,
Thunderbolt and Isle Of Hope railway
also. This would place the whole sixty
miles of street railway in and around
Savannah under one control and would
result in making one of the largest street
railway systems in the south.
A CONFERENCE on.
The object of President Collins visit
to New York is believed to be to confer
with Mr.. George Parsons, the owner,
practically of both the City and Subur
ban and the Coast line railways, by rea-
son of his ownership of the majority of
the stock and bonds of both Of these lines.
That negotiations have been pending
hnfvvaar CT raj a
for some time is well known Mr.. Collins
and Mr.. Parsons met in Chicago several
weeks ago for the purpose ola conference,
but Mr.. Collins was called back to Sa-
vanuah by the illness of his wife, before
any definite arrangement looking 10 the
consolidation of the two properties could
be entered into.
That both sides have been seriously
considering a deal for the last few weeks
IS very evident II is known that an ex-
pert street railway man from the north,
who is said to be partner of Mr.. Par
sous, has been in Savannah for some
time, inspecting the street railway prop
critics in which he is interested. This
gentleman has held frequent conferences
with both President Johnston and Presi-
dent Collins. 1t is believed that he has
made report Of the condition of the
street railroad properties of Savannah to
probability, depends the question whether
or not there will be a deal.
DIFFERENCE AS TO THE TERMS.
That there will be deal of some kind
is more than likely. Whether Mr.. Col
Inns will sell and Mr. Parsons will buy,
or Mr.. Parsons will sell and MIR. Collins
will buy, is the question that is now I'M
der consideration. 1t is said that neither
party is willing TO agree to
simple consolidation, but that
both would be glad to sell for
cash, or its equivalent. Either party
that is willing and able to put up the cash
can buy out the other.
Large amounts of money have been ex-
pended upon the street railway proper
ties of Savannah within the last three
years, and any deal that may be made
will require the exchange of large values.
The total value of the property in
question, is estimated at about 81, 500 0O0.
When Mr.. Collins completed the first
section of the present Electric
railway he predicted that all
of the street railway properties
of Savannah would be under one manage
ment within three years. Mr.. Collins
prediction appears IN fair way to be
realized. Within the last few
months the Electric railway and the
Savannah Street railway have been
consolidated under one management to
the general surprise of all not on the in
side in street railway affairs. 1t is
known to be Mr.. Collins desire to be at
the head OF a corporation which shall
control all the street railway lines of
Savannah. and to this end he has directed
all his efforts for the last few years. That
such a consolidation if conducted with
regard to the interest and convenience of
the people of Savannah, would be of sd-
vantage to the public generally in many
ways is very evident.