The San Francisco call., 1899-10-14
5 SUTRO RAILROAD
WILL At LENGTH
CHANGE HANDS
Absorption of a Noted
Line.
BID OF THE sUTTER-sTREET
COMPANY FILED.
Received by the County Clerk Yester-
day and the Court Will Pass
on 1t Early Next
Week
BID OF THE SUFFER- STREET
COMPANY FILED.

Sutro's machine that brought the
Market-street Company to its knees and
reduced the fare to the beach to 5 cents
Will soon pass into the hands of the
Sutter-street Railway Company. This
company has made its bid for the prop
critics of the Sutro Railway Company.
and as ii is the largest and best Judge
Coffey will doubtless confirm the order of
sale and an elephant will be taken from
The hands of the executors of the Sutro
will. Yesterday afternoon Mrs. Emma L.
Merritt and w r. H. Adamson who are
the legal representatives of the estate,
accompanied by counsel, filed the bid of
the Sutter-sreet Company in the Office of
the County Clerk. A day has not yet been
set for the confirmation of sale, but early
next week the matter will finally be
passed upon by Judge Coffey.
over and above the debts of the road
and membranes on the depot site and
right of way, the Sutro estate will clear
in the bid of the Sutter-street Company
filed by President r. T. Morrow yesterday
afternoon. This bid also proves the Oft
repeated assertion that the railroad has
practically been the property of the bidder
since July last, and the confirmation Of
the sale will only be a matter of form.
The bid filed by the Sutter-street Com
pany reads
Referring to the contract between US entered
into on the 18th day Of July, 1899. and In com
pliance with its terms 1 hereby offer 20 pur-
chase from the estate of Adolph Sutro de-
ceased, the 2lSl0 shares Of the capital stock
OF the Sutro Railroad Company, a corporation
referred TO in cur agreement. and 1 hereby
offer TO pay for said shares OF stock the sum
Of $4,000, and IN addition thereto 1 agree
upon confirmation of this sale to assume and
pay the Indebtedness of the Sutro Railroad
Company which you have caused to be fur
nished to me. and which statement is an
nexed hereto and made part hereof. showing
an aggregate indebtedness of STA O55 81
I further agree that II the sale OF the stock
Is confirmed to me upon the terms above
speGined, so that the control OF the Sutro
Railroad Company shall be Immediately passed
- me, I Will cause and procure said corpora
non 70 bid Tor the depot grounds and strip
OF land from Point Lobos avenue TO said depot
grounds. for which You have procured an order
Of sale, the sum of SIS. .s44 o.
The foregoing bid is made upon the condi-
ton precedent that you procure the right to
lease. and that YOU lease to the Sutro Rail-
road Company the powerhouse. as specified
in our agreement Of July IS. 1929.
I furthermore agree that II you can obtain
any rebate upon the judgments or other claims
against the Sutro Railroad Company as speci-
fed such rebate shall tnure 10 your benefit
II. however. there shall be any errors or ornis-
sions in your statement of liabilities and if the
Indebtedness shall exceed the amount therein
specified such excess shall be deducted from
The amount of this bid
Tt IS distinctly understood that this bid is
made under snd pursuant to the provisions Of
OUR agreement Of July IS 1898. and subject to
al its terms and conditions. excepting that
grounds and strip of land instead Of SO COO
as contemplated by said agreement.
Mrs. Merritt and W. r. H Adamson
executors OF the estate. set forth in their
petition that IL is for the best interests Of
the estate that the sale be confirmed
their opinion is correct. 1t shows that
salaries remain to be paid. materials must
he settled for. Almost every branch of
the railroad management shows a deficit