Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-03-28
THE CONTRACTS AWARDED
SeweII's Point Hotel and Electric
Railway.
First Mortgage Bonds For Fivo Hum
nred Thousand Dollars Placed
with Maryland Trust Compnpy
Contracts Awarded.

The banking house of Alexander,
Brown Il Sons, of Baltimore will fur
nish the money to construct the Norfolk
and Atlantic Terminal Company's cleo
tric railroad to Sewell's Point, receiving
the bonds of the company as security.
Nine carloads of rails have arrived
and the contractor has opened an office
in room No. 3O2 Columbia building, and
the work will begin at once.
FIRST MORTGAGE BONDS.
y mortgage was recorded in Norfolk
County Court Clerks office March 1lth,
and in the Norfolk City Clerks Office
March 25th instant. from the Norfolk
ana Atlantic Terminal Company to the
Maryland Trust Company. to secure an
issue of thirty year. ) per cent. gold
bonds to the amount of 100000.
AS stated above. the firm of AleXan-
der. Brown e Sons will take these
bonds and finance the road paying for
the track, rolling stock, bridges, piers,
hotel, etc.
THE SPECIFICATIONS.
The record sets forth that the pro-
posed railroad shall be a double track
electric line, from u pier TO be erected
-
across Tanners Creek to II point near
Zion Church: thence casterly to the city
limits of Norfolk: thence down James
and Tr!poli streets to City Hall avenue.
1t further states that IL hotel shall be
built at Sewelrs Point and that the
power house of the company shall be
located on Tanners Creek.
WHO SIGNED PAPER
This document, which covers nearly
twenty pages OF typewriter cap. is
signed by -. Lowenburg. president. ana
Wellington Hardy, secretary of the
Norfolk and Atlantic Terminal Com
pany, and by Henry Eowdoin. second
vice. president. and j. Bernard Scott
secretary of the Maryland Trust Com
pany.
The officers of tho new road are: u
Lowenburig. president: II. l.. I.owen-
burg, vicc-presidcnt and general coun-
sci: Caldwell Hardy. treasurer. and
Warrington Hardy. secretary Well
known nnancicrs of Norfolk and Ralti-
more constitute the Board OF Directors
HOTEL SITE LOCATED.
Last Sunday party of gentlemen
interested in building this town went
10 Sewclrs Point on u tug and selected
the sites for the hotel and pier. and it
is said that already an architect is at
have railroad car float attached to
the pier. so tina; G. & o. and y. Y. i.
and y. ears can be loaded at the wharf
with truck for shipment North and
West.
THE TANNERS CREEK BRIDGE
The Tanners Creek bridge will be
1000 feet in length, with n centcr-pin
draw 100 feet long. The bridge will he
sufficiently wide 10 have Il driveway on
each side OF the track.
Sanford " Brooks. of Baltimore, are
the general contractors and have sublet
the road building TO the Tennis Con-
struction Company. of Philadelphia
An agent Of this company has already
arrived in Norfolk. He expects to be-
gin work on the road bed in a few days
THE FINANCIAL HACKERS.
The firm of Alexander Brown & Sons.
of Baltimore, the hackers of this enter
prise. is one of the strongest financial
houses in the South. II they have UNI
Gertaken to furnish the money for the
construction of the road, as reported.
iinancicrs viii not doubt but that all
The money necessary Will be forthcom-
ING When rUCrtrri II, make heels of
construction mum.