The times. [volume] (Richmond, Va.) 1890-1903, 1899-08-04
Richmond Railway and flectrid Com
pany's Properties.
A BETTER SERVICE PROMISED
Tho Purchasing Syndicate Includes
Mcssrs Newton, Boyd. Mayo. Crcn-
shaw, Atkinson and Others.
Seyenty-Four Miles OF Rail
way Changes Hands.
The improvements

4 deal involving the transfer OF own
crship OF nearly two and a half million
dollars of property was completed yes
terday when a syndicate OF Richmond
men took over the properties Of the Rich
mond Railway and Eectric Company
and allied lines. The transaction puts at
au end speculation as 70 future ownership
of an lines IN the city and suburbs save
the Richmond Traction Company's. and
insuros Improvement of the service,
which is not what 1t should be. The an
nouncement will not occasion much sur
prise. though it win be received with
satisfaction. for lt has been known for
a long time that several local and out-
of-t0wn syndicates were after the pro-
perties ami franchises. interest attaches
not 90 the change OF ownership. but 10
the announcement of VINO the new own
ers are.
THE PURCHASERS.
The purchasing syndicate consists OK
Richmond men, Including Mcssrs. VIZ
ginius Newton, James y. Eoya. y. IL.
Mayo. Thomas Atkinson. $. d. Crenshaw,
and several other wealthy associates. IN
competition with these gentlemen were,
DC is generally understood. another htch-
mond syndicate and the American Rail-
ways Company o. phLaGeiphia.
The sale is effective no once. The new
owners taking possession iure4laiely.
Their counsel VIII Dee the woii-hnc Nn law
firm of Martin AID Ains.ie. 10 iD-Diediata
changes it is announced. viii bee made
I'm the office and operating forces, the
policy Of tie purchasers being 10 con-
tirue with Tho same men Ia diroct chafse.
Tho company proposes 10 thoroughly
equip the properties Including poth
trackage and 40lling stock. with tho
most modern appliances when the city
Council shall have granted the now own
ers the necessary franchises. The ram
chises now running viii expire next year.
INCLUDED ~ THE SALE
Besides tic Richmond Railway aud
Electric Company. the other properties
embraced aro the Richmond and Man
chester Railway Company the Seven
Pines Railway Company, the Nanches-
ter Railway and Improvement Company
Gay0's Bridge lipo), the Nveryiew Rail-
waN Company, tho Br0okand Railway
ami Improvement Company, and TIE FAIR
mount Traction Company Altogether
seventy-four miles of line are included.
The purchase pusce and terms Of sale
were Withheld from pehicatlon. IL Is
calculated that not Jess lan f@0@ooo was
involved in the trrsfa-.
The properties are Of great value. Tho
Main line COR business Men
line MS DC has been called ls The most
numer0usB ratrOnIzed. business men
along that street contributing a bis pa
tronage The ime to Forest Fiji does an
immense business fr tho euurror. when
picasure-seakers utilize Il nignly. mo
suburban lines. TOO. are uldcrstood % be
doing "a good passenger traffic
PROMISE GOOD SERVICE.
IN n talk with ono OF tae interested
gentlemen last ni ght. it was learned that
extensive improvements are contempl1t-
eG A. a. recognized that n c0ntinu, zee
or the present equipment and 6ervice
would NOT De good business policy and.
besides. and this is an Important con-
sideration. the procuring OF desired iran
cnises from the city hinges on The quality
or service given The people. Should ths
company give a nrst-class service. there
is not much doubt felt that the council
VIII grant the franchises that arc
wanted.
THE OLD cOMPANY.
In 1900 the Richmond Railway and
Electric Company was ORGANIZED by the
consolidation OF an the electrical cOmpa-
MES then in the c,'v. Including both ~
tho lines then In operation and tho E'ec-
trio LIGHT ans Power Company. Or John
r. Mum bccoming president. Mr.. = ].
rraig.e. secretary. and Mr George +.
FISHER. treasurer. and the company be-
gan the permanent Improvement OF all
rs properties.
IN the past seven years the following
had come under he control
fE.rsf..r..T .r, fsffta ~,