Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-12-06
THE NEW SYNDICATE.
c,,crs or THE EIGHT nosD-NEw-
rox co. CoRPoRAroRs FILLED.
WILL INVEST ABOUT 100000,
.....,cii called Ia Meet ON Thursday
., Take Up the street Hallway
Ordina"cc-rre,ident Casiie May
obicct--Thrce leading Questions.

Tho now street railway syndicate
,t.a takes the place Of the Boyd-New-
.., syndicate, has been formed.
Che ,ist was completed at a meetiar
l..l 90 o'clock yesterday afternoon.
.., 'he names will not be made pu0hc
.. ,r. present 1t is rumored that Mr.
r y Rountree will be one OF the coz
..-.tnr. Major Patton and Mr.. BcnrS
~. Valentine whose names were men
....t n The Dispatch yesterday. Viii.
said. represent the Virginia Conduit
..rn.r, in the new syndicate. MI
r.,. Airsie and Mir. r.. 4. Catlin are
ESQ interested.
... ncN members are very sanguine as
. Odd. result OF their venture. They be
frat with the development of James
...r lr Che Virginia Electrical Railway
Development Company. will come
....r rower. and their operating expenses
. j.. very materially reduced.
ITO lie request Of Mr.. Miles Martin, OF
... .r Die syndicate, Captain Andrew
.r.. Dr.. canvasscd yesterday a can
m.cun. of the Council, to be held
...-.-f0u night 20 take up the ordi-
.. Thirteen members signed the
... .mm them being Messis. Waller
... and Camp. who opposed the reso-
....r offered On Monday night which
.....I.r t.e me that stood in the way
. tl. consideration Of the ordinance be-
Co.,. r. r.Nf lgular meeting. Eisht
..~ members OF the Council also
,f tt.u Ives TO sign It.
,, N.rm decided later in the Gay
. us. ior meeting before nexs
~
f jim tle hands OF Captain Brock.
,,.ny members. however, were averse TO
~Ere L. change. Several said they
,..l r.i De- 'n the city next Monday.
WILL NOT bic RUSHED THROUGH.
r. object ol the change was to meet
.. objection OF President CaslSie and
...-. who believed the matter was be-
..r .rllIy rushed through the Council.
I'D. samCAest supporters of the ordi-
e ay they hope il will be considereI
most carefully. and declare that they
.| place no obstacle in the way Of ma
.r l.Ibcradon. IT, however, tho o7-
position contends for delay, they say the,
n,. large majority in the body, and
...l. wiu Dee no difficulty in disposing OF
ue opposition and getting the measure
passed.
There are three features OF the ordi-
pane. which will probably cause much
discuss .on-the taxation clause. the pro-
VISION that places the control Of the road
ta. hands Of the Street Committee and
..s City Engineer. and the requirement
"a- the company shall adopt the Jen-
s underground system il 1t proves TO
feasible when tested.
s. -ood deal OF interest is felt in ques-
m that will be submitted TO President
O. .No for a ruling, as TO whether II re-
...res a two-thirds vote for the passing
u flo ordinance. Some members claim
tlat the taxation clause IS so wordcd
that it is merely a contract between the
eitv and the company, and that the orci-
nance does not impose any taxes. In
tlis case IL would only require majority
vote to pass IT.
THE PRESIDENT MAY REFUSE.
on Monday night, after the Council mad
sdiourned. President Caskie minated
hat no might refuse to call the Counch
90 meet for the purpose of considering
Tho ordinance. In that case, he said, any
tree members could call the body TO-
Gather. Mr.. Cashe strongly opposed the
,e,..er being considered before the next
rsvla. meeting, and spoke very forcibly
AGAINST tho repeal Of the rule which re-
lines all ordinances granting franchises
10 le upou the table for thirty days
The reDr9s entatlves Of the Jenkins syn
t.rsfe are taking a very lively interest In
lie progress of AFFAIRS. They say that If
.f.r ex1eriments are successful the or
G.arces OF both the Traction Company
and ,hs Richmond Passenger and Power
Company compel the use Of the jenkins
mleluouud system. Captain Pizzini
t1.I las. night that he was particularly
anxious 20 see the matter passed by the
Council as soon as possible 10 prevent all
possibility OF the lines falling into the
hand. ol SIR Fisher again.
MR FISHER NOT INTERESTED.
Me.ls Wilson and Watkins, the New
Y.k brokers'. have given pledge that
u.v DO not in any way represent Mr..
Fisher or any member interested in the
.mmd hallway and Electric COM
l..-.
Th. question has been frequently ASK
G. TO what extent Will the local syndi-
...s Boz interested ia the Richmond Pas-
.--er and Power Company AZ was
stated yesterday, on what seems TO be
s.I authority, that the Richmond men
were 40 first pledged to invest S5nVo'
i.t The sum had been reduced 10 tZOo,oJo.