Evening star., 1898-08-25
THE CITY AND SUBURBAN
A Promise That Work on the lexington Will
> Soon Begin.
A Meeting Today--Committee Report
on Floating Debt DeIayed-Re-
ceiver's Report Ready.

A called meeting of the stockholders of
the City and Suburban railway, formerly
the lexington and Soldiers Home railway,
of this city was held at noon today at the
company offices, 18th and d streets north
east. Nearly 1900 of the $40 shares of
the company were represented in person or
by proxy. Among those present were Pres
ident o. T. Crosby, who was chosen chair
man; Mr.. Nicholas p Bond of Baltimore,
who acted as secretary; Mr. Thomas j.
Hayward of Baltimore Vice President W.
Kesley Schoepf, Mr.. John F. Shea. Mr.
John Ridout and others Mr.. Hayward.
President Crosby and Wee President
Schoepf constitute the executive commit
tee of the board of directors, which will
have control of the matters pertaining to
the improvement of the properties which
include the lexington road in this city and
District, the Maryland railway from the
District line to Laurel, Nd, and the Mary
land Traction Company from Ellicott City
to Baltimore.
Delay in the Report.
The meeting was held for the purpose of
receiving report from the committee ap-
pointed July IA, and consisting Of President
Crosby, Mr.. Bond and Mr.. George Trues-
dell, to ascertain and report upon the float
Ing indebtedness of the lexington and Sol
dlerS Home Railway Company; but owing
city since the committee was formed the
other members reported an inability to
make statement, and this was postponed
to meeting to be held September S. The
other business transacted Consisted only
IN the reading Of the minutes OF the meet
ings held July IA and July 2s, AT tlr first
1t VIII be remembsgsd .i1at 1t was decided
to purchase the properties above enumer-
ated and at the latter it was decided to In
crease the capital stock to s1,750,00O In
shares of $50 each.
Mr.. Hayward's Announcement.
Previous to the meeting Mr.. Hayward
who, with Mr.. Bond, represents the syndi-
cate Of the Baltimore Trust & Guarantee
Company, which will improve the Ecking-
ton line, stated to a Star reporter that II
was the purpose 10 commence the work OF
Fehabilttatien Of the property by introduc-
ing the Underground system at once. He
alluded TO the difficulties that had been con-
fronted in overcoming the numerous OBJ
staeles in the way of going ahead with the
desirable improvement, and expressed sat
ls1actlon that they had been successfully
surmounted.
The men who have taken hold of the
property he said with emphasis ARE de-
termined to make it valuable to the pubIi,
as Wen as 10 themselves. They will have
nothing to conceal
The books and the business will be omen.
can assure you. The holders of shares OF
the Lexington and Soldiers Home Company
VIII be on the same ground with the others
interested in the company"
Following the stockholders meeting the
directors met for a few minutes Receiver
Schoepf announced that his report was
ready save for a few minor matters that
may be included in a few minutes, and it
is probable that it will be presented to
the court within the next few days and
all obligations against the lexington while
IL has been under the receivers control be
discharged, and the same action ordered
regarding the receiver himself.