Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-08-25
NOW FOR THE FINISH.
The Great Fight Before The Board l0'
Siyeet.Car Privileges.
ROTH COMPANIES WORRYING HARD.
Nr. John Sl.clton Williams Talks OF
the fractions FroSPccts-Sta'c-
n,cnt from Captain Tisyiui In He
gard to Mr.. WiiiiariS's Criticism.

occur before the Board Of Aldermen.
which body VIII convene in special ses-
sion then 10 consider .he ordinance adopt
cd ly the Common Council last Monday
evening. giving the franchise on that
thoroughfarc TO the Richmond Traction
Company. Interest in this question Is
great inasmuch as two material points
hinge upon the action the Board Of Al
scrmcn may take. one Of these points
Is that Of having a system Of transfers.
,nd the other is that OF having competi-
ton. II appears that the Council cannot
:ompc! the ola lines 70 give transfers 10
my new company; therefore, in the event
Of concurrence In the ordinance 1t would
then be question between the OLD ana
.he new companies whether transfer ar
rangcments could hc made. II the City
Railway Company should ae victorious III
is efforts 80 set its ordinance 'U' uu7''
the Council then al the stgeet-car HheS
Il The city would be under one mdii.irI
usnt, ana there wouiI be DO competition.
THE WAGE QUESTION.
Tho ouestion Of the restoration or the
,-aaos az Inc cuploy. cs or The Richmond
RAILWAY ana Electric Company 10 "Ia.
th.y were prior t. tae REDUCTION IN Io''
IS - feature which has Gently begun lo
figure ~ the .-r.t.-c-r r4AtttI. t1-AV4"'
MANAGER George T. Fisher. of TINS COM
rauy. winch controls the kicnmond Cl'N
Railway. yesterday s'Nt l'f M'' rum
NJ NoOn. the representative O. l.e en-
p,ovees. AND ia an interview Nlh u''I
gentleman rr3n this subject Mr. FlsAeF
90 maj ne receipts Of the company
xvave falling OF. The purchasing power
Of the wages now being paid men was
,oueI 1lr. FISHER continued. 70 inc loi-
me. rate. coal. being cheaper ana WAldt
Ne'nq clearer The company reserved
cons. lecati0n from the men because gu
rim the panic the company pd.d I'D cur
rcrcv. ran rne same number - cars a.I
or,,f,vlI the same number Of men. The
rrorertv vas not worth as Mucn now ass
tvyo wears a-o. although the assessment
vas ircrcss H. He claimed that the as
sessmcnt was erroneous
Mr.. FISHER stated that he would be
Glad 10 talk directly with committee OF
employees and argue tie matter WIN
tha'n.
Sir. Wcon IS hopeful that he Will yet hr
abe 20 convince Mr.. Fisher e thn Jus''.
- the claims Of ,he mcn. Mr Woor sad
that willie The receipts Of TIE conf any
u.eh, b. falling 81, handsome li1ii's
were being made.
Mr.. WILLIAMS BaCK AGAIN.
N,r. , In Skei0n Williams, The moving
ep.r.t 10 the traction company. has Iust
returned from baltimore. where he mas
ben ia conference with northern asso-
cfa..e VINO are anxious - Contribute
a.. "a. 20 ihis enterprise. Mr.. Williams
sage e IS rot 50 much question as 10
how the money shal. be raised Is il is 80
TO who sLol be allow / 20 carry through
tie urIcrtlk.nc. All funds nccess AIRY can
- DID,
on th- outside. hut Nr williams insists
l.rou tie reserV1tion n q considerable
amount Of the securities o. the LEV COM
pany f5r home people. ana the actual IN
ve--rneut % q large amount az Rlcn-
m.ni capital is now an assured thing ne
saws
FIR. FISHER ASKED TO EXPLAIN.
Air. Williams says that It VIII be IN
tercst.rg % the public 10 have MI t-si--r
explain how It is that De 'b.ows hot anu
sold IN the same breath -r. Fisher ana
"a. as -Iciates have announced - T.
world that the property OF the Richmond
RAILWAY and Electric Company - srfil-
ci-ruy valuohl q justify is being mort
Gagged for = cll 90 10 secure That amount
4. bonds. which the public are invited
10 buy. but when Il came % assessing IN
property for taEaticn. De complains that
The property is not worth as much as II
was two years ago, when he (Nl..!sms)
understood it was assessed al less than
10000. This settlement, Mr.. Williams
ad4cl. was reported - have been made
b. Nr. il ser 90 Mr. Frank VI. Woon IN
"a discussion II the question CT wages
Yesterday. The state also reports Ar.
FISHER as arguing. continued Nr. VIII
lams that the receipts OF his company
were falling of. although the sire trail
way supplement Of the New YORK COM
merc.al ana Financial Chronicie, recently
published. reports the net earnings
CT this company for last year 10 h-'e
ben $4,000. against $1,000 the previous
year Gross earnings We're reported II
have been over Sa0yp
The difference in tho reports put out
by this company or by its financial repre-
scntauv,s, Tor The purpose q selling
bonds. ANA the reports su5;alttld 20 the
city authorities u furnish the basis lor
taN1tlOn. have been freely and frequently
commented on before this continued Mr..
Niilnms. "Inat tie company is now pay
IL. lull interest On a very much inflated
capital have no doubt
1.-THE Richmond Traction Company OK
pccts % spend in actual money in per-
iccting the sysum lor which II is asking
q franchise, from S. 90 70 &Je,ooc at
once, and as mu0n more az may be ne
ccssary from time 10 time for the purpose
d charging ana extending its system. II
l. the sire OF promoters Of the enter
prise TO arrange their power-house 50 as
t. Zoe able 10 furnish the citizens OF Rich
mond at an early date with light and
power. upon the granting Of the necessary
privileges by the Council"
GIVEN THEIR ENDORSEMENT.
The ban<irg house OF John L. Williams
Sons has given the scheme It's endorse
ment. ana have promised that IL the
franchise Is granted the road will be
built. This firm stands high at hOrnr and
abroad; has been in successful and con-
tnuous operation for more than q score
Of years, ana has never been known 10
fan in any way 70 fully come up to It's
sDgaG emeats.
The firm referred 10 has been proml-
ncntly identified with some Of the largest
and most successful financial operations
undertaken in The South IN recent
years. notable instance Of its financial
strength and Skin was the formation Of
1873, which paid The State OF South Caro-
Ina over SJ.Vy0O-O IN the midst II tie
panic. which enabled that State 20 meet
its maturing bonds ard save itself from
default. For this service the Governor
Of the state wrote them a letter ac-
knowledGlng the successful performance
Of It's obligations. and promising them The
Manks Of the Senate for their signal
seivice in saving the credit C the state
~ critical time. The payment made
them by this syndicate. which was main
ly formed by this barking house, was
understood O. have been the largest bond
payment made anywhere in the civilized
world in the late panic.