Evening journal., 1896-04-07
AFTER THE CHAR TER.
Capitalists from Gotham Like
the. Railway Scheme.
HAVE MADE SEVERAL VISITS HERE.

And are Now Negotiating with the To
corporators OF the wnmineton-New
Castle Electric Railway, Through It's
Attorney Route as Outlined by
the State Laws.
Several parties OF New York capitalists
have beel In New Castle OF late. and IL
has now become generally known that
negotletions are being made with the
Wilmington New CASTLE electric railway
incorporators.
The capitalists who have been here and
gone over the route fare considering the
Rdvisability of investing in a trolley road
from Wilmington and TO 20 around by
Newport and Elsemere. Augustine Pier
people came here recently and
endeavored to persuade some Of the
investors, whom they met here, 60 extend
t6ealns to Augustine for Summer use.
This could be done through private
PROPERTY they claimed, by charter from
fseresident Judge.
There is now every reason to hope for
an electric rail lway and there ara bright
prospects of its construction this year,
said an incorporation to an EVENING
JOURNAL reporter ''In fact there
may be some defnits deal by this
time ss the matter has been
placed entirely in the hands of our
attorney, Deputy Attorney General
Peter L Cooper, Jr., who is now In
Sussex attending court. aud whom have
not seen for several days. At any rate
am delighted with the outlook
What the people Of New Castle want
is direct line to and from Wilmington.
Scores OF people now residing In vii
mington because they must be close TO
their places of business. would live here
and enjoy the scenery and food fish Of
the Delaware river and the fresh products
of New Castle farmers, IL they had the
privilege of stepping on sn electric
car and buzzing of to Wilmington any
ten minutes in the day.
The charter Is granted to the vii
mington and New Castle Railway Com
panysto locate, maintain. construct and
operate a railway from the city OF New
Castle to the city Of Wilmington, bagin
nj lg at such point in New CASTLE and
running through such streets as City
Council shall allow or designate, and
thereby or partly by the public road TO
Wilmington, thence through South
Wilmi6gton to Lobdell street., Nav
Castle cRusswsy and South Market
street to Front and Market streets il
Wilmington, where either cars or pas
sengers may be transferred to the lines
of ths Wilmington City RailEay Com
psny.
In case no agreement can be reached
by these two companies to transfer pas
sengsrs or cars. then the Wilmington
New Castle road may run west on Front
street to Shipley, aud up Shipley to
FsHsth.-opposite the EVENING JOURNAL
where the terminus shal be.
The Original IuoorporatOrs.
The act of incorporation provides
"That Frank Z Herbert, Howard Ogle,
Jsmes B. Tomau. Peter Cooper, Evan G.
Boyd. Henry h. Bllany and Peter L
Cooper tJr, be and they are hereby
appointed commissioners to do and
perform the several things hereinafter
mentioned, that is to say; They, or q
neiarity Of them, shall procure and
c.use to be opened, at such time and
places, and on such notice as they may
deem proper, suitable books for sub.
scription to the capital stock OF the
:Wilminpton and New Castle Electric
Railway Company; aud they shall permit
all persons of lawful age to subscribe in
said books In their own names, or In the
names Of any other person, who may
authorizs the same for any number OF
ehares In the said stock.
THAT the capital stock Of said com
pauy shall be 800 600, to be divided into
10000 shares of $40 each"
HA where the Trouble Has Been.
Continuing. the charter reads: "And
IL is likewise further expressly provided
= that If the railroad to be constructed
shall be 60 loc lted as to cross any other
railroad track which is owned or operated
by any railroad company using steam 81
a motive power, such crossing shall not
be at grade but be by either en- overhest
or underground crossing. which, II under
grade shall be sn located and constructed
as not to disturbs the roacbed 80 inter
s-sectsd; or, II overhead shall be at suci
an elevation as not to impede or inter
fers With the free passage OF engines ant
= trains on the tracks so crossed.
After providing for the appointment
c OF freeholders to view the premises
through which the electric railway is t
run. the charter reads
And It is hereby provided that when
levsr the said railway shall cross privat
property, 1t nhall erect and maintain
lawful fence on both sides Of the track
Election Plant in New Castle.
- pThat the said corporation shall hav
the power to establish An electric plan
10 the city OF New Castle to general
electricity for lighting public and privat
property, and shall have all the power
Incident thereto; and they shall sis
have the power of erecting holes in th
streets of the said city of New Castle, b
same to be under the control of CIT
Council, for the purpose OF conductin
said business"