Evening star., 1899-04-05
Circular Issued to Metropolitan and
Columbia Railroad Stockholders.
TIE AGREEMENT OF Mr.. F. C. STEVENS
Terms Of the Paper to Be Signed
BY Shareholders.
DETAILS OF THE DEAL

| lumba street railway companies received
this morning a circular signed by the di
rectors of the respective roads and an
| nouncing the offer made by Mr. Frederick
| c. Stevens for the purchase OF the stock
| of the companies. The details of the prop
! osition made by Mr.. Stevens are not given
| in the circular but it is believed that they
do not differ materially from those printed
in Ths Star the 29th of last month, when
| the public was first informed that the cir
cular which is given below had been pre-
| pared although on March % it was stated
| in The Star that such an announcement
| was shortly to be made.
| The delay in issuing this notice to the
| stockholders arose from differences of opin-
| ion among the directors to the wording
| of the circular. and there was also some
| opposition to this method of completing
| the deal According to the terms of the
| agreement, which is given in full below,
| after Mr.. Stevens has deposited the earn
| est money, which is to be 100000. the
| stockholders are given until May to de-
| post their stock with the trust company.
| The certificates given in exchange for
| the stock ara to bear interest until the
| sale is completed by the payment of the
| entire amount of the purchase money. The
| purchasers are to have until next Septem-
| Der to pay for the stock, but they can COM
| plete the transaction at any time prior to
| that date
The Circular.
| WASHINGTON, D. c., March 20, 1899.
To the Stockholders of the Metropolitan
Railroad and Columbia Railway Com
panies:
| Propositions have been made by Mr..
Frederick c. Stevens to buy all the stock
of the Metropolitan Railroad Company at
$3.50 a share and all the stock of the Co
lumbia Railway Company at $50 share.
| The undersigned being well acquainted
| with the affairs Of the two companies have
| severally agreed to sell their stock to Mr..
| Stevens.
The offer and agreement of Mr.. Stevens
| will be shown to any stockholder on appli-
| cation to G. B. Coleman, secretary of the
| Metropolitan Railroad Company, or Theo.
J. King. secretary of the Columbia Railway
| Company, or to the American Security and
| Trust Company.
Inclosed you will find the form for an
! agreement to sell your stock. which, If you
| think proper. you can sign and return at
your early convenience to the secretary of
either one of the companies named.
| When stock is deposited with the Amer
| lean Security and Trust Company under
| this agreement negotiable receipts or GER
tificates will be issued therefor by the trust
| company. Respectfully,
| (Signed) Nath'l Wilson, E. G. Davis, A.
| B. Coppes, John Cammack, G. w. Moss,
| R. d. Weaver. Theo. J. King, stockholders
of Columbia Railway Company.
tSigned) r. D. Weaver, S. l.. Phillips, A.
B. Grunwell Nathl Wilson, s. Thos.
| Brown, John Cammack, w. B. Gurley, c.
| r. Spence, John Joy Edison, stockholders
of the Metropolitan Railroad Company.
| The Agreement Made.
| The following is the agreement:
| Stockholders Agreement
"We whose names are hereunto severally
| subscribed, stockholders or the duly au-
I thorized agents or personal representatives
I OF stockholders of the Metropolitan Rail-
| road Company and of the Columbia Rail-
way Company of the District of Columbia,
| each for himself and not one for the other,
| hereby agree in consideration of the terms
i of certain memorandum signed by Fred
| erick C. Stevens and dated March %, 1899,
! and lodged or to be lodged with the Ameri
can Security and Trust Company of Wash
| ington, District of Columbia, to sell to the
| said Stevens the number of shares of capi-
| tai stock of the said Metropolitan Railroad
Company set opposite our respective sig
| natures hereto, at and for the price OF $50
| per share, with interest as provided in and
| by the agreement herein particularly re-
ferred to, and also to sci to said Stevens the
| number of shares of the capital stock of the
| Columbia Railway Company set opposite
| our respective signatures hereto at and for
| the price of $50 per share, with interest as
| provided in and by the agreement herein
particularly referred to-
| THE shares set opposite our respective
names of the capital stock of said COM
panies are not to be sold separately and
unless the shares in each of said companies
| are taken and paid for the shares in neither
! shall be sold or disposed of under this
| agreement.
And we further agree, after said Stevens
| has deposited said sum of money, as pro-
vided In said agreement, the stockholders
| of the said Metropolitan Railroad Company
and of the Columbia Railway Company
shall deposit the shares of the stock speci-
| fled in this agreement with the said trust
| company, on before the first day of May,
| 1899, to be disposed of as provided in and
| by said agreement, and the said shares of
stock and each of them shall, when de-
posted, De duly signed in blank. and shall.
if and when the same are transferred to
| the said Stevens, be duly stamped as re-
quired by law, to make a good delivery
thereof.
At such time as and when the said Stew
ems shall have deposited with the trust
company the full amount of the purchase
price of the said capital stock of the Met
ropolitan Railroad Company, and of the
Columbia Railway Company, then the said
trust company is hereby authorized and in
structed to deliver the said shares of capi-
tai stock so deposited with them to the said
Stevens or his order. and to make such ac-
counting and payment to the depositors of
the said certificates of stocks as they sew
orally, by written instructions, shall direct"
Space is left below for the signatures of
stockholders.
Signers and Their Stock.
The names of those signing the circular
| to the stockholders comprise all the di-
rectors in both companies, who, however,
as plainly stated in the circular. sign as
| stockholders and not as directors. Their
| Individual holdings of stock in the respect
| i've companies, according to the last pub
| lshed report, were as follows:
Metropolitan R. r. Co. Columbia r. R. Co.
| r. D. Weayer.... 21O Nat. Wilson. 2S5
| s. L. Phillips. 80. 73 E. G. Davis ....... So
A. B. GrunwelI... $50 A. B. Coppes. 421
| Nat. Wilson. 30 John Cammack. l,3S3
| s. Thos Brown. 260 G. w. Moss. ...... 106
| John Cammack.... S13 Il. d. Weayer.... %
W. B. Gurley.... 20 Theo ]. King Y
C. R. Spence. 142
Jno. Joy Edison. 50
1858 23OO
As the number of shares of the Met
ropoltan stock is 10000 shares. and of
| the Columbia stock is 5000 shares, it will
be seen that their individual holdings do