The evening times., 1895-08-15

Evening Star Newspaper Company. MI
Kaufman is accredited with being finan-
cially interested in the welfare Of the Belt
line to the extent of his ownership of just
100 shares OF stock, which, being Of the
par value of $50 each, makes his interest
about S5 900, not to talk Of the good
prospects Of its cary increase MI New
bold ownseightsen shares, and Mr.. schoepf
is down for just five.
Senate miscellaneous document for the
same session and Congress is equally in
teresting. 1t is the report OF the Eek
ipgton and Soldiers Home Railway Com
pany, made also through Mr.. w. Kelsey
Schoepf as vice president. CHANGING down
the list of stockholders the name OF Mr.
Crosby S. Noyes is seen. Mr.. NOyes' name
stands in black type at the top OF the
Stars editorial column as the editor OF
that paper, and he is credited with being
involved in the affairs of the lexington
line to the extent of just eighty shares
of a gross par value of $4,000, with good
prospects. Newbold and schoepf together
own only four shares Of stock, and yet
the Star enthusiastically accepts the state
ments of the former as tn what he will
do with the lexington line, letting him
speak for the thousands of other shares
OF stock. He Is but a figurehead put for
ward to make promises that the real own
ers, not having spoken except through
their conduct in other cities, will not feel
compelled TO fulfill
To the casual observer this might all
be passed by, but the student of these
affairs will look further. The largest
stockh0lder In the Belt line is the Pruvi-
dent Life and Trust Company, OF Phila-
delphia, which is credited with 1920
shares. The principal stockholder of the
lexington company is the same concern.
which holds nearly 5000 shares.
The hand ofthe Widener ,Elkfns and Dolan
syndicate is not absent from the affairs of
these roads. Naturally the question Will
occur, what has the p rov ident Life and Trust
Company TO do with Washington concerns?
And again, how did it become possessed
Of SO much stock?
1t was n matter of record that a few
years ago the Belt and lexington roads be-
came the property of a syndicate which had
for its purpose the construction of a line
from Baltimore TO Washington. A bill
was put through the Maryland legislature
Incorporating the company In that State.
1t was to construct n boulevard bet ween
Wasiingtona and Baltimore and runa line be-
tweenthe two cities The ebillgavetheco conipa-
ny the right to use whatever power it de-
sired for Transportation.
1t was generally known that the original
intention of the hackers was to construct
the boulevard, Mr.. Henry Stockbridge, of
Baltimore, being one Of those responsible
for the idea. At the last session of the
legislature, however, another bill relat-
ing to the road was put through, but this
time it had different hackers. The bill
increased the capital stock aud CAV the
privilege Of absorbing other lines. Then
the boulevard idea was to some extent
abandoned. This brought the condemnation
OF many Maryla uders upon the heads OF the
syndicate, which, starting in Philadelphia
aud controlling the Philadelphia Traction
Company, came to Baltimore, where it
gathered in a network of railroad tracks
known as the Baltimore Traction Com
pany. Theu it extended itself into the
country between Baltimore and Washing