The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-05-05
STREET RAILWAY SCHEME.
GIGANTIC COMBINATION or ALL
CHICAGO'D LINES.
Yerkes Retires with ga. 600 800 aaA
the New Purchaser Propose 20
Make many Changes and Co Es-
tahlish N Auxiliary Automobile.

CHICAGO May A-The Record says:
I'm this city today the Whitney-Eikins-
Widener syndicate. of New York and Phil
atelphia, csoeed a gigantic transportation
deal. More than 81. BGseo0 il directly In
VOWED. and indirectly the capital concern
ed amounts to nearly $75.0oo 60. The COM
hina,lon was effected after a series OF meet
ings AZ the Auditorium.
Following are the results:
Consolidation OF the Yerkes street rail-
way lines and the retirement Of Charles
r. Yerkes from his holdings In this prop
erty, Consideration about 81. 600 go. and
general share Of stock for his son.
Charles E. Yerkes. in the Illinois Electric
Vehicle Company.
"Details arranged and a deal practically
closed by which the Eastern syndicate VIII
absorb the other street railway interests of
Chicago
Permanent organization Of the Illinois
Electric Vehicle Company. with a capital
stock OF s.. 90. go for the equipment Of
all street rolling seek with electric power
10 be furnished by the new system of
automobile storage. according 10 patented
inventions owned and controlled by the
American Automobile Company. OF New
Jersey. OF which the Illinois Electric We
hicle Company Is an arm.
The establishment In Chicago Of a great
factory for the manufacture Of automobile
vehicles Of all descriptions and for all pur-
poses. also the establishment OF a line Of
these vehicles for business on the streets
OF this city
The men who engineered this scheme
TO successful issue were Isaac l.. Rice.
Of New York. president OF the Electric
Storage Battery Company and the Elec-
trio Traction Company. OF this city; Mar
tin Maloney. Of Philadelphia. silent part
ner IN the traction firms OF Elkins and
Widener: Charles 4. Yerkes, OF New
York. son OF the Chicago street railway
magnate; William l.. Elkins jr., OF Phila-
delphia, son Of the traction magnate of
that city: Egbert Jameson. counsel for
Charles T. Yerkes, and Levy Mayer. at
torney for the Whitney Elkins- Widener
syndicate.
Accompanied by Attorney Mayer. the
Eastern capitalists arrived in Chicago to-
day. They were met by the Chicago men
interested and Charles T. Yerkes per-
sonally escorted the party on a tour of
Inspection over the lines OF his system.
The Eastern men. all OF whom are direct
ory In the American Automobile Company.
constituted themselves the directory OF the
Illinois Vehicle Company and elected Of
ficers. who represent the personnel OF the
executive stan OF the American Auto
mobile Company. with William g. Whit
ney president. Mr.. Maloney announced
that 1t was the intention OF the company
to establish in Chicago Immediately
plant 10 cost about 81 90, oo0. for the man.
ufacture Of automobile vehicles. As soon
as practicable the company intends TO
operate In the streets Of Chicago a certain
class OF these vehicles, TO do the work OF
that ordinary cabs or carriages are doing
now. This line OF automobile vehicles
Mr.. Maloney explained. would number
abou, 100 to begin with, and cheap fares
are promised
''The company will not confine it's field
Of operations to Chicago or Illinois II
will extend it's system or highway trans
poriation throughout the West. Other
companies. all arms OF the American Au-
tomohile Company. are in contemplation
for other Western territory"