The times. [volume] (Richmond, Va.) 1890-1903, 1898-12-10
Capt. Andrew Pizzini in New York to
See the Stockholders.
PROPOSITION BE- MADE MONDAY
BY Which Local Board Will BE Put
in Control of the Richmond Rail-
way and Electric Company-If
This Proposition Is Rejected
Capt. PiLzini viii Retire.
The Dissatisfaction.

Interesting developments concerning
the future Of the Richmond Railway and
Electric Company are transpirins in New
York
1t has been known for sometime that
Captain Andrew Pizzlni was not pleased
with the manner IN which the affairs Of
the company have been conducted.
Captain Pizzinfs relations with tho
concern are somewhat peculiar. lie I.
rot a stockhoider, as generally supposed.
but he Is the assistant general manager.
The Captain was the prime mover In
tho construction of the old Union Pas
senger Railway. the first electric line Of
any note successfully operated In this
country. When the street car consolida-
tion was affected through the efforts of
MIR George Il. Fisher. of New York,
Captain Pizzini was retained in the SER
vice OF the concern az a handsome sal-
ary He has been the local man. who
has been looked up 10 for advice and
cousei.
WANTS A LOCAL BOARD.
Captain Pizzini has for sometime been
OF the opinion. IL Is said. that the affairs
of the company would suffer under Mr..
Fishers continued management. As
citizen of Richmond and a man who Is
well acquainted with her people. he has
become convinced that Mr.. Fisher is not
popular here and that 1t will be very
difficult for the company to gain any
fayors from the City Council with Mr..
Fisher in control.
A crisis I'm the career of the Richmond
Railway and Electric Company is ap-
preaching Very soon the Council will
sell the Main street franchise. The effort
to have an ordinance passed TO remove
the Bank and Franklin street tracks to
Main street has failed. This might have
given the company a longer lease on life
Captain Pizzini has gone to New York
TO make a plain statement 10 the stock
holders of the company He will demand
that one OF two things be dose. He
wants the affairs OF tho company to 10
conducted by a local board OF directors.
or, else he desires to sever his relations
with II and be left free 10 form a syndi-
cate and bid for the Main street fran
chise
The Captain went to New York Thurs
day. He expected the stockholders to
meet yesterday and decide what they
would do. but action was postponed un-
Ill Monday.
BEGINNING OF THE TROUBLE
Captain pizzini and Mr.. Fisher have
b''hf anu dlt IbHs Nti9 koDu ltitliuc.
Mr.. Fisher has not always followed tho
advice Of the Captain. The latter Is said
10 have advocated transfer system
with the Traction Company. but Mr..
Fisher frowned upon IL. and the scheme
was nipped in the bad.
Captain PizZini is dissatisfied with the
way in which the affairs OF the company
are being conducted. He has and is, de-
mandng either a change or he will sever
his relations with the concern Tho
Captain is fully convinced that the af-
fairs of the company must be managed
by a local board. II It hopes to gain
favors from the Council.
The company is supposed 10 have mado
much money In Richmond. In one year
its profits were aboutn SiOo.o The Rich
mond Railway and Electric Company IN
bonded for Zoo 600. and tho branch roads
connected with the system are bonded
for S6o0 600 The floating debt IL $4,000.
which IS said 10 be money advanced by
Mr.. Fisher and Dr. John Z. Mum. for
merly Jay Gould's personal physician.
The Richmond Railway and Electric
Company Is capitalized at s2,Oo0co. The
capital stock OF the branch lines make
the capitalization about equal TO the
bonded debt.
The stock pays no dividend.