Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-10-22
ABROAD FRANCHISES
HAVE CASH VALUE,
{, nan BID OF TRACTION COMPANY,
..-..t committee Lay the O0er
ou the Tablc-wh"s L. Hest
for tho City.

II q
committee took 40 action upon the
+ u pr. Traction Company. except to
FL ... ..a table, and take up for con-
n .on Che petition OF certain gentle
r.. .1cr. and the reasons given by
company why the franchises should
Il SID o tho highest bidder. were set
n writing. 10 IS as follows.
n lie committee on Streets:
r..em.n.-We respectfully submit; the
II petition:
yolr committee Will recommend
A council that 30 shall only consider
.ug of a franchise as TO those
which Will terminate I'm 190)-viz:
Na-stroct line, the Laurel-street
. and The lines ON Eighth and
streets.
your committee will recommend
to the interest OF the city not
.a to the granting Of a franchise
lines the grant or renewal OF
s as 20 any other line or lines
.rs with them. such as the Union
yer Lane. the Richmond and Man
company the Manchester lm-
ueut Company the Seven Pines
luy. or the Paramount Company
theirs
hat your committee will recommend
would d. against the interests OF
.ty 90 grant at present TO any par
ar company or association Of per
The franchise o. the said lines so
IS ng in l@o
That 10 Will be- 90 the interest Of the
.' adopt am ordinance Offering those
.1 The highest bidder who shall be
tory 90 the city.
Th. sour committee will state that
3D. uptCd TO make the above recon-
cations because you have an offer
traction Company that they will
d FOR those franchises OF not
l $1,000. IL granted upon terms.
and conditions substantially
al TO those now borne by said COM
SIX the above for the following
s:
r hereby offer TO the city that II it
ave an ordinance drafted Offering
s. the Main-street route, the Lau-
street route. and the Eighth and
.treets routes. We viii bid therefor
the sum of $1,000 provided such
co shall contain terms and condi-
substantially the same as those con-
n the present ordinance Of the
turI Traction COMPANY
. ...rmiu.ng your course We take &c
~ -Iutel that you will not seek TO do
90 any one, and that your main
VIII te % benefit the city. We
..r that 90 connect the disposal OF the
franchises ending in 1900 with the
- franchises above mentioned. you
I. ilu.nIug those ending I'm 1900.
The others are self supporting, and
. commercially valuable. If these
Nos HHr.ra ~ f.rrfarA
II means ~ support and financial assist
received from the franchises ending
900. t ls evident that 10 connect them
-a the latter wu be placing a burden
II ru f.. Iaf..r And it follows that any
0lerlc I'D take hose ending i'm 1900
AurOrr.I Hn fta others viii not give TO
Ofr a- l-l ul as valuable a con-
...u us they would il they
l., SD .rrioued il IS evident. then.
"a Ir attaching those connecting lines
~ tl.-. ending .n 1900. YOU will be pre-
- The city from getting as much
f- aforementioned franchises as the
ought OBJ get unless the connecting
self-sUpp0ran and not drains
burdens upon the revenues Of those
ltJ
r.. lre willing 20 examine into and
'.r the evidence which We here Of
Furnish YOU. we Will satisfy YOU
-0-e other lines have not been for
sef-supporting. When You shall
4 become so satisfied, we respectfully
ut that YOU Will not deem it wise 70
r.a the city of the opportunity 10 get
and the highest price and value Tor
lines expiring in 1900 by burdening
with the said connecting lines.
pectfully ask why should You SO
..I.. d i. MIN
city of an opportunity 10 get the
s-sl price for them? The city is UNI
rl obligations TO some TO the support
..-se connecting lines. The city. in her
uances, has always recognized them
.cparate and distinct corporations. All
your ordinances viii show that you
.- refused 10 recognize "a common
ership. but have granted them priyi-
separately ana slngly. Your Ordi-
-- have always warned those persons
--Ls lu the securities OF those COM
..a t-at you Old not recognize the
-.I.,u ownership. Hence these persons
..I, complain IL you decline TO DO an
which would prevent the city from
.us the fun value for the franchises
...l sill expire in 1890.
ul.I ll be 10 The interest OF the city to
.. amber the franchise of those lines
ia 1870, although she may not get
u..n money Tor them? The argument
4 -.t an these outlying franchises viii
rendered and held by one company
new franchise. I'm the first place,
q lave been for years held boy one
a ...uy and yet this single ownership
a.l made il beneficial 10 the city. The
must depend, not upon the unfit
n u. ownership, but upon the char
.he owner. In tho second place,
Nu amount 10 the surrender Of iran
Which have nearly half expired,
"a granting of them Tor a period
Boz. In many years farther IN the
Council has heretofore
@ Iyisabie not 10 grant these
~ .. I.r "a period extending beyond
thinking that at that time street
i"a. franchises viii be very valuable
O. ll the third place, if the new
should be given TO an assOcla-
utlemen burdened with the ne
. Carrying the bonds and other
-'.+ wi these old companies, IN
u part. IL cannot be claimed
.-1se gentlemen can give TO the city
"A mach ior those franchises as could be
'.- ~ one bidding only for the right TO
Il -tt tle streets covered 10y said
--, expiring in 1870.
ID urged that By granting the
"A together the public viii get the
II c- ana immediate improvement on
81 "sJ Ales. Ia the first place. We as
~ WHAT $50 think 10 businessman viii
II mat IL ls impossible 10 get the rails
o.r materials necessary for such
"A f"n.nt under twelve or fifteen
so oyercrowded are the factories
"A alfactOries with orders. Has not
Guy been obliged OF late 10 give In
a renewed from time 10 Time 10