Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-10-25
THE HEARING POSTPONED,
Application of Belt Railway Bond
holders Not Considered Today.

Appl1cl11On OF belt halfway Bond
holders Not Considered Today.
By agreement Of counsel, the hearing in
the case, of the application of the bond
holders Of the Belt railroad asking for q
sale Of that road, which was to have been
heard today, was postponed until Wednes-
day. 1t is said there is no connection be-
tween this action and the recent transfer
of this railroad and the lexington, togeth-
er with the Columbia and Maryland fran
chise, to a syndicate of Baltimore capital
lists. 1t was merely done, it is said, to suit
the convenience of the lawyers in the case
especially those from Baltimore who could
not very well be present at the hearing to-
day.
In this connection it is interesting to note
that 1t is the opinion of those who have
given the situation, as far as it relates to
the interest of the Belt bondholders some
thought that it is not the intention of the
new syndicate to retain the ownership of
the Belt road. In other words, it is thought
while the case now pending in court will
be contested by the representatives of those
who own controlling interest in the road
as well as in the other roads mentioned ii
is probable that they will allow the sale of
the Belt to be made 1t is the view of those
above described that the new syndicate
Will not care to retain the Belt line as a
part of the system which. as is well known.
includes street railroads in the city of Bal
imore, the proposed overhead electric road
between Baltimore and Washington and
the lexington road in this city.
According to this authority therefore
the new owners of these properties rather
than advance the money which will be
needed to pay the accrued interest on the
bonds, will allow the road to be put up at
public auction.
If these predictions shall prove to be cor
rect. and the Belt railroad is offered at pub
lie sale. the situation will be one of great
interest, not only to the managers of ex-
listing roads, but also to capitalists who
look upon the Belt as likely to prove a
profitable investment in the event that 1t is
properly equipped, some changes made in
the present route, and the read efficiently
managed, either as an Independent line or
IN connection with some of the existing
street railroads.
There have been good many rumors in
regard to the future of this road and it
has been claimed by some that both the
Metropolitan and Capital Traction roads
would like to secure control of it, On the
other hand. this has been as persistently
denied. Another scheme which has been
more or less discussed is to unite the
Brightwood and the Belt roads in one svs-
TEN, and in this way supply to the former
road direct means of reaching the heart
of the city.
1t is also asserted that there are cani-
talists who would be willing to buy the Rolf
road without reference to any other line
ana manage 1t as an independent line. he
heVlng that In this way a profit could he
earned on the investment In any event
1t is said, should the road in the future he
managed by residents of this city. mora
the public than has been given for some
time past Ao