The times., 1897-11-26
ELECTRICITY TO BE USED.
Horses to BE Afh hndoned on TIL,

the lexington and Soldiers Home Rail
way, to ic-pukver, underground has
been received with satisfaction in the
city, and the northeastern suburbs. This
prospect is the resulIof the sale of the
lexington and Soldiers Home Railway 10
the syndicate which has obtained control
ofthe Columbia and Ma yianl Railway. The
immediate advantage of the sale will be
an all electric power line, from G ana
Fifteenth streets to the terminus Of the
lexington and Soldiers Home Railway,
that part OF the line beyond the city
boundary to be as at present run by the
overhead wire.
1t has been stated that the Belt Line
would also receive immediate attention.
That is not the fact according to one of
the prominent factors in tic deal, Mr.. O.
I. Crosby, the president of the Potomac
Electric Light Company of this city. 1t
appears, however, that the new manage
ment does not advocate air motors for the
Belt Line, but the future power and other
details are not just row occupying the at
tention OF the purchasing parties. Mr.
Crosby would only say as TO the Belt
Line that it would be put IN the best
running order as Soon as possible.
The purchasers have secured g ma jorityof
the stecS In both reads mentioned and will
be able to control the lines.
The syndicate purchaser is the Baltimore
Security and Trading Company, the Officers
and directors OF which are n. p. Bond ,presi-
dent; f. X. Carey, secretary; David III. New
bold, treasurer; o. T. Crosby, OF Washing
ton, and Robert S. Garswell, OF Baltimore.
Others having u money interest in the
deal are John f. Searles, secretary OF the
Sugar Trust, of New York; II. p. Scott,
of Wilmington, Del; H. A. Parr, t. j. Hey
wood and Edmund l.. Bartlett OF Balti-
more, and Charles A. Lieb. the vice presi-
dent OF the Potomac Electric Light Com
pany, Of this city.
The basic sale is that of the Columbia
and Maryland Railway, which carries with
it the Maryland and Washington Railway,
the lexington and Soldiers Home, the Belt
Line, the Baltimore, Catonsville and EIicott
City Railway and the Catonsville Short Line.
The personnel of the syndicate indicates
that the Dolan- Widener- Eiains syndicate
are out of the transaction, the three gentle
men just named and Messrs. S. +. Tyler
George A Huhn, T. Z. Hstnbleton, T. NJ
Lanahan and B. n. Baker, lot appearing
in the deal. 1t is believed that this com
bination gave up the attempt to give
Washingtonians rapid transit, having been
obstructed persistently by the Commits
missioners and other agencies, although
the magnates are credited with having ex-
pended million dollars trying to mod
ernize the properties in the city they con-
trolled, or would nave controlled under
faN- a
1t was to be anticipated that these capital
lists would have operated in Washington
as they did in Philadelphia. and had 1t in
mind TO improve and buy property aggre-
eating $4,000 COO.
The nonied interest behind the trans
action appears to. be the Sugar Trust, the
Potomac Electric Company, and the
wealth OF the men in the combine
The holdings OF those retiring and some
OF those now in interest have been stated
to be as follows.
w. L. Elkns, S565,o0o; P "A. B. Widener,
$5650oO; Thos Dolan, $565,OOO; Wide,
ner, EIkins and Dolan. 81 900, all of
Philadelphia; 7. Edward Hambleton, $780,
600; I. NJ. Lanahan, $5O, 900; Bartlett,
Hayward & Co. $4,000; B. y. Baker,
S93,300, George B. Baker $4,000;
David NJ. Newbold. S4s 900; Louis YakeI
S3s,000; James Clark, $4,000; Robert
S. carswelI, $40, ,00o; chas. H. Brown,
jr., $4,000; J. Fred c. Talbot, 81, 700;
Henry Stockbridge, jr., $4,000; w. Kelsey.
Schoepf, $4,000; Charles f, Savage, S1O,-
600; John Hubner, $4,000; George K.
Willis, 81 900; Charles B. Crevent, Sf5.-
coo; George A. Huhn, So, 500; S. F..
Tyler, S62 800; Victor q. Bloede, 81, 600;
Henry j. Berkley, $4,000.
Referring TO the plans Of the pur-
chaserS, Mr.. Crosby said yesterday that
they had as yet no chance to mature
their plans, but that it was decided that
the motive power on the lexington and
Soldiers Home Railway in the city should
be the electric underground system.
We are he said, in control of the
Belt Line, but have yet no plans referring
to it,
The charter of the lexington and Sol
diers' Home Railway carries with it a
freight privilege. 1t is not necessary, it
is understood, to ask from Congress any
legislation looking to the perfect equip
ment OF both of the lines.
The new owners viii control about 39o
shares Of the ca pital stock of the ReItt
Com
| pany out OF total issue of $50 shares.
| The par value OF the stock is S1OO a share
and the Construction Company owns prac.
| tieally all Of the capital stock Of the Co.
| lumbia and Mary land Railway. IT aIsn
| owns the Washington roads named. bav-
| ing purchased them from NIessrs. F1l,ins
| Widener and Dolan for 81 ,34s 900 OF the
| bonds OF the Columbia and Maryland Ran.
| way.
Among the other assets of the Baltimore
| and Catonsvflle Construction Company are
the entire first mortgage bonds of The
| Catonsyille Short Line, for which it maid
about SEQ, 900, and 1,045 shares of the
capital stock Of the Short Line. for which
itpaid S1Oa share. There were 90 shares
remaining Of the total issue after this pur-
| chase was made. Italso owns 3 ,OO3 shares
OF the Belt Railway Company and 10, ,625
shares OF the lexington and Soldiers Home
| Railway.
Negotiations for the purchasers were
| carried on by the law firm OF Steele.
| Semmes, Carey & Bond. Messrs. Mar
bury and Rowdoin represented the sellers
| A statement issued by the ATTORNEYS of the
purchasers says that they are not ready
to make public their plans rela tive to the
| property. 1t is learned, however, that il
is the purpose to complete the line between
! Baltimore and EIlieott City, forming what
| is known as the Baltimore division. and IN
| finish the line between Laurel and Wash
| ington, whiCl is called the washington
| Division. Estimates have been secured fr m
| engineers for this work. AS to the Middle