The times. [volume] (Richmond, Va.) 1890-1903, 1899-07-12
1t Has Been in Progress for Several
Months.
NEW WORKERS, TOO, INTERESTED
a Meeting Held Yesterday in Gotham,
at Which Two Syndicates Were
Represented. and the Deter
minatiOn TO Sell the
Property Was
Reached.

NEW YORK, July u.-special-A
meeting was held this morning In the
ONCE OF Dr. John r. Mum, president Of
the Richmond Railway and Electric
Company. Mr.. George r.. Fisher, mana
ger oil the company was present, as We're
also Representatives of TWO syndicates'
potn of which are seeking 10 purchase
the lines of the company in Richmond.
While The meeting was secret one
it was ascertaned that the dctermina-
ton has Deen reached 90 sell the prop
erty and that The deal viii Doe cl0sN
within the next few days. Which syndi-
cate Will get it could not be ascertaintd.
A well-kn0wu banker. who is said TO DE
familiar with the negotiations Tor tne
purchase of this property. was seen this
afternoon.
Long IN PROGRESS
He stated. in reply TO questions, that
the deal above referred TO had beeN UNI
der consideration for several months.
They bad nrst been inausurated by
syndicate of wealthy gentlemen Of Rich
mond the leading hnanciers, among them
being Mossrs. Nirginius Newton and
James Boyd.
Negotiations. he said were opened with
Mr Fisher ANA "a number of conferences
held. Al last matters were gotten in
good shape. Mr. Fisher agreed 90 the
various items one by one. and contract
was drawn. covering every point Al the
nnal meeting Mr.. Fisher declined 20
sign the paper. and tlN matter fell
through $50 far as the Richmond end
was concerned.
a New York bank however. he stated,
was interested iu the natter having
agreed with the Richmond syndicate o.
put up large proportion of tho money.
and ne representative continued the me-
gouauons after the Richmond contin-
gent became disgustcd with Mr. Fishers
qubbhng over DEATHS
PROBABLE PRICE
ut IS believed" hc continued. chat
this syndicate viii secure the property.
40 Us their intention to purchase AN the
lines. stock and real estate of the COM
pany in and around the city of Rich
mOnd. costing about $4,000. and then
90 utilize o. fund of not less than s30JOo0
900 putting the property in perfect order.
should they secure rhese lines they
VIII go at once to the City Council and
ASK 90 Dee given the franchises without
waiting for the expiration in order thal
they may be- justified in spending such a
large sum boz Improvements
is thought that the other syndicate.
a representative of which was present.
is the American Electric Railways Com
pany of Philadelphia
Mr.. Fisher is man who viii not be
interviewed about his properties. and it
was useless for me % see him.
NOIHlNG KNOWN LOCALLY.
a Times reporter visited the office of
Messrs Martin g. Anslie Yesterday after
noon. Air. Ainslie said he had no mf9r-
nation other than. that printed in am af-
ternoon paper with reference 90 the c0n-
ference in New York
q cannot tcn YOU anything about the
plans of the syndicate we represent"
ar. Ainsae said. "If anyone was present
az inc conference representing us I Do
not know of &c."
me statement from New York that
tne American Electric Railways Company
ls probably the other syndicate repre-
sented seems borne ont by The following
wnich appeared in the Philadelphia Times
or yesterday in connection with % report
OF a meeting of the Board of Directors ~
mat company:
'It Is probable the first deal TO go
through will bee the purchase OF the Rich |
mond Electric Railway and L'cht Com
pany which was announced exclusively |
n the Times last Sunday. while plans |
Tor inns property are progressing there |
are many olncr Scnnuea I'D prospect. lN |
1act. they may be said 20 be under con- !
sidcratiou. for I'm several cases PROPOSE |
uons nave been exchanged. NAmons the |
properties which may DE acquired are the |
street railway systems I'm Atlanta, Ga: /
charleston s. c.. Springfield. iii.. "a road |
near New York city supposed 90 De- the |
Long island Traction Company. William /
3. rnompsons New Jersey Company |
ana tne street railway and electric light |
systems of ST. Louis.
ANOTHER PROJECT.
..Ine latter is 10y far the most ambitious
OF the Americana schemes. a week or |
TWO ago a report was circulated that the
videner- -Ellins-WMtney syndicate WIS
after the ST. Louis properties. This was
denied az the time but it is believed that
q proposition for their requirement was
really made then. but that IL came from
tne American Company instead OF the
York syndicate. IN just
wnat shape this deal is could not be
learned yesterday. as interest in the
American seemed somewhat provoked
tnat tne companys affairs are leaking
out before they are ready TO be given Of
nclally To- the public
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