The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-02-13
FIGURING ON AN OUTSIDE LINE.
TRACTION COMPANY MAY BUY THE
SAVANNAH AND ISLE OF HOPE.

The Stockholders of the Savannah
and Isle of Hope Unwilling to Sell
for Less Than Fifty Cents ON the
DOIIar-If the Deal Is Made the
Line VIII Probably Be Extended to
Isle of HOpe-Each Side Holding on
TO See What the other Side VIII
DO.
The Savannah and Isle of Hope railway
may be acquired by the Savannah Trac-
ton Company. Negotiations 10 this effect
are in progress.
The stockholders lof the Savannah and
Isle Of Hope railway are willing to the
deal and a paper has been circulated.
which has been signed by the majority
Of the stockholders. authorizing one of
their number to make the sale. No price
at which the sale is to be made is men-
toned in this paper. but it is unders TODD
that the price which viii be asked by
the stockholders IS 30 cents on the dollar.
As the amount of the companys stock is
$4,000, this would make the price $l25O0
In case the sale is made the Savannah
Traction Company will put the line in
good condition for operation and win
probably extend it to isle of Hope.
Both President Myers of the traction
company and President Purse of the Sa>
vannah and Isle of Hope Company were
seen yesterday in reference to the matter.
They ACKNOWLEDGED that there had been
some talk OF sale, but said the matter
IS la very indefinite state as yet 1t is
known TO be TACT, however, that the sale
IS contemplated, and that the traction
company VIII De given an opportunity 10
buy the road.
President Myers, in speaking of the mat
ter, said: There has been some talk of
sale. but no definite understanding has
been reached. do not think the Traction
Company viii be willing TO give the price
asked by the stockholders of the SaVan-
nah and Isle of Hope. The property has
been idle for some time and would require
considerable expenditure to put in cOndi-
tlon Tor operation. We might lease the
line at low annual rental. In this case
we might extend the line to Isle of Hope"
The Savannah and Isle of Hope railway
was punt by the stockholders of the Mer-
chants and Mechanics Land Company in
1872, with a view to developing lands own
ed by the company and by the individual
stockholders between the city and Thun-
derbolt. After lying idle for a time the
line was leased to the Electric Railway
Company for three years at low annual
rental. The lease expired in 1885 and the
Electric railway being then in the hands
Of the United States court the lease was
not renewed. The property has been idle
for over year.
Shortly after the expira ton of the lease
President Purse of the Savannah and Isle
OF Hope applied to the city council for
permission TO extend the line into the
city and down Drayton street to Bay
street, Offering to pave Drayton street
with asphalt or any other material Sc
lected bv council in return for the fran
chise. The council did not care to al
low narrow and much travelled street
like Drayton TO be taken up by railway
tracks, and the offer was declined The
immediate effect of the operation of the
savannah and Isle of Hope by the Elec-
trio railway was to reduce the fare to
Thunderbolt from 80 cents for the round
trip to IL cents, at which it has since re-
manned. The operation of the line by the
Traction Company would secure compet-
ing line to Thunderbolt, and perhaps to
Isle of Hope. on this account it is not
unlikely that Mr.. Hartman may make
a bid for the property for Mr.. George
Parsons the owner of the Savannah,
Thunderbolt and Isle of Hope railway.