The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-06-01

Negotiations. zhica z&x n L very sEarE
tlzas Lad - ne CONSTELLATION an sals
ot Il ot ne street car EBzs n Seattle.
ar@ r. progress and may b- c.esed up az
! any tine During the past SIX mathis
several street railway 3sa-S % great mag
aftude, involving local street railways,
have been talked %. but not o1e % tasn
Was ever coasazmated, <o- the reason
mat the money necessary for the pur-
Chase % TIE lines vas nst forthcoming
from the wouid-be purchasers.
Ths deal which - no~ reading 1as sv-
cry sndi-asIon Of bearing FF1sZ. ard il IS
believed the Gay Is not far 9ssta3r waEn
a. q the Lies viii b. consolidated ard
operated under oze management. Il xas
reported yesterday morning thai the cap
t4iis1z, who ara Interested n what q
ka2Ea as The Traction Company 81 Ia
coEn2, are negotiating fer Ii3s purchase
OF the local lines. and that report was
given decidedly truthful cc-ox by ths
presence in the city Of several Tacoma
street. railway uaagEases. These mag
hates. while II tie c.ty. xsre n confer
enee with gentlemen who are heavily IL
teresIed In the !ocaL street car lines
Both the Seattle AMI Tacoma Enagna-es
refused to tax for publication. but al
nnltted that q deal Was pending L was
Impossible, they stated, 20 say waen i
would be finally c,osed up. One o. tns
most prominent street. car u.agrases In
Seattle said 10 q Post-TntelAgence re-
porter last evening. when approached re-
gariing the pending negotiations:
'It IS true that Tacoma parties are here
after the Seattle street car lines. with
Z view Of purchasing them a.G operating
every system IN the city under one man
agement. decline 10 make pu5lic az
present the names Of the woG,d-be pur-
chasers. as II might possibly interfere
with the sale OF the property. Waen
the deal Sc finally made / VIII teu you
tae story of the transaction. but today
you mus, excuse me from discussing the
details
Another local street car r-agnate was
Interviewed on the same subject, and.
wh..e he admitted that 4 dea: was pend
lie said TO the reporter;
1t would not be surprising r all of me
street car lines in Seattle would be con-
solidated al any time and then Sold.
Several parties from New York ard Chi
cage have been IN Seattle looking over
the property. but according to the last
reports I received the expected sale Of
the lines 10 chose people had fallen
through. Another deal is now pending
and may be closed up soon, but / am not
n position % disclose IL .o- publication
The time has arrived when the street car
lines Of Seattle must De consolidated. as
under the system OF operation which Is
now followed there is not 2 company in
the ely that IS making money. and fur
thermore, not 4 single one OF them Will
ever he able to declare dividend until
a consolidation takes place.
1T Is also acknowledged that the pres
eat street car service does not come Up TO
the standard .hat IS usually found in a
city of the same population. The serv-
ice VIII never - any better than IL IS at
present Until me various lines ara con-
so.idated and operated under one head.
II Will taere fore be seen that a conSoli-
dalton Of the various lines would result
IN lmmeasurab,e benefits to both the pub
lie and stockholders"