Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1899-05-06
CHICAGO DEAL INCOMPLETE.
Yerkes Has Not Yet Sold Out. but
Probably Will-Plans Of the
New Syndicate.

CHICAGO, May principals and ac-
credited representatives Of the Whitney
Elkins- Widener syndicate, Of New York
and Philadelphia, to-day and tonight have
been in close consultation with. officers of
the local street railway interests at the
Auditorium annex. Levy Mayer, general
counsel for the Whitney -Elkins widener
syndicate, in an interview tonight regard
Ing the projected sale Of the copsolidated
street railways, said:
"Mr. Yerkes has not yet parted. with his
holdings. think he will however. will
not say whether negotiations have been
closed. I think, the chances are that his
holdings will be acquired by others. If SO.
Mr.. Yerkes win get a large amount Of
money for his interests; should say at
least $i0.00O0O0, although I cannot speak
with authority upon that point"
Attorney Mayer intimated that regotia-
tions might be removed to New York be-
fore matters could be consummated. Mr..
Mayer will probably leave for the East to-
With reference to the new Illinois Elec-
tric Vehicle Company. which was to-day
Incorporated in New Jersey. Mr.. Mayer
gave op. the following statement has
pleted the purchase of the Siemans.. &
Halske Electric. Company, of America,
whose plant is located in this city. The
old Grant Locomotive works a few years
ago. The plant covers seven acres and has
facilities for the employment of 1000 men.
the tSsa' electrical M % Storage Battery Company
and of the Electrical Venicie Company.
was elected president of the Siemans
"To-day there was completed the ILL.,
nois Electric Vehicle Transporting Com-
pany, which was organized and is controll-
ed BY the Electric Vehicle s Company I7;;ny which
pany will go into operation at once. SAM
uel insult will become its president. The
company was chartered to-day In New Jer,
as the other electric vehicle companies In
the West, will be supplied with electric
equipment to be manufactured at the
.1t is contemplated to put into immediate
use number of electric cabs and as soon
as the same can be manufactured the COM
pany contemplates operating enough to
supply the vehicle wants OF the city. The
company will at once enter upon the bus
mess of operating ELECTRIC transportation
'The Electric Vehicle Company has made
a contractual alliance with the Pope Man
company Sf Hartford which
Back of all these electric vehicle com
which owns the UNDERLYING sS storage ass, battery
with storage batteries.
THE electric vehicle interests nave re-
Gently purchased the substantial control
of the solid rubber tire patents and indus
try of the United States.
1.-THE chief owners of the electric vehicle
and storage battery enterprises are Will
liam c. Whitney. P. B. Widener, W. l..
Elkins, NJ Maloney, Isaac l.. Rice. Thomas
Dolan. Anthony N. Brady and Thomas F.
Ryan"
The Siemans & Halske Company is cap
italized at &c. 900. Charles T; Yerkes and
his son, Charles E. Yerkes have held
controlling interest in this company and
the younger Mr.. Yerkes was its president,
being now succeeded by Isaac L. Rice.
In the opinion of Mr.. Mayer. the new
company will have line of automobiles
running in the streets Of Chicago by the
middle of June.