The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-03-14
UNDER one MANAGEMENT.
Terms Of the Street Railway COlSOli-
datiOl Agreed Upon.

dalton Agreed Upon.
The Contract Has Been Sent to New
York for Mr.. Parsons Signature and
the Electric Railway Company VIII
Take Charge of the City and subur-
ban within a Week or Ten Days.
All the stock Of the City and Subur-
ban Bought By the Electric Railway
and the Latter VIII Control All the
Street Railways Of the City.
The terms Of the consolidation of the
Electric Railway Company's lines with
the City and suburban railway, including
the Coast Line and Isle Of Hope and
Montgomery lines, have at last been
agreed upon, and within week or ten
days all the street railway lines in the
city viii be under one management-that
OF the Electric railway.
II is well known that negotiations have
been pending for some time between the
Electric Railway Company and MIR
George Parsons, who has control Of the
City and Suburbans lines, looking to
consolidation of all these lines under enc
management.
The agreement on the terms Of consol-
idation was reached last Saturday. The
basis of the consolidation was concluded
between Mr.. j. n. Hartman, broker for
Mr.. Parsons, Mr.. Henry Parsons, son Of
Mr.. George Parsons, on the one hand, and
Messrs. j. S. Collins, w. K. williamson
and T. W. Wrenne, officials Of the Electric
Railway Company on the other.
THE MATTER PRACTICALLY SETTLED.
The consolidation has thus been prac-
tically definitely settled. The contract
was drawn up between Messrs Hartman
and Parsons, representing Mr.. Parsons,
and the above named officials Of the Elec-
trio railway. All of these parties signed
the contract, but to finally settle it and
make it of force it required the signature
of Mr.. George Parsons. The contract was,
therefore, forwarded at once to New
York to be submitted to Mr.. Parsons for
his signature.
There is 10 doubt in the minds of
those interested that Mr.. Parsons will
readily give his consent to the terms of
the contract as agreed upon by his agents,
they having been instructed as to what
terms he would expect in any event in
case an agreement was reached.
BOUGHT ALL THE STOCK.
Under the terms of the agreement the
Electric railway is to purchase all the
stock of the City and Suburban railway
and its various lines. IL is not known
what agreement was reached with re-
gard to the price to be paid for the stock.
In this manner the Electric Railway
f-+ Il, al
troll of all the lines Of street railway in
the city, The City and Suburban's lines
are to be merged into those of the Elec-
trio railway under the same management
which at present controls the latter's
lines. Mr. j. S. Collins will be president
of the combined lines and the other Off
Gals of the Electric railway viii remain
in charge. The name of the company win
undergo no change, the consolidated lines
being known as the Electric Railway
Company.
Under the agreement the Electric
Company, it is stated, is not required
to indorse the $3.50, 900 Of bonds which are
outstanding against the City and Subur-
ban. The other lines belonging to that
company are not hampered by any bonded
Indebtedness.
The consolidation will insure better ser
vice in every part of the city. Improve
ments win be made over the entire sys
tenn of lines, and the property kept in
first-class condition. 1t can be much
more economically operated, and in
all probability but one power house will
be used TO supply the current for cars.
The contract will probably be returned
signed by MIR. George Parsons the latter
part of this week, and the Electric Rail
way Company will take charge within
the next week or ten days.
1t is rumored that the deal was brought
about by the determination Of the City
and Suburban management to cut the
fares from cents to cents if MIR Par
sons terms as first indicated were not ac-
cepted.