Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-07-01
PROSPECTIVE SUIT.
Litigation Over Proposed Sale of A.
and r. c. Railway.

and r. G.. Railway. - 49,.
Special Correspondence Of The Evening Star.
FORT MYER HEIGHTS, Va, July l. 1899.
An equity suit against the Washington.
Arlington and Falls Church Railway Com
pany, recently filed by attorneys Of the
Crosby Stevens syndicate OF Washington,
will come up for trial. it is understood, at
| the next tenn of the Alexandria county 'ir-
cult court.
For some time past the Crosby syndicate
has endeavored to obtain control of the
Falls Church road, regarding it as an i'm
portant adjunct to its system. To this end
negotiations have been under considera-
ton between representatives of the syndi-
cate and Mr.. Charles A. HenZman of Phila-
dlephia, the presl emit Of the Arlington and
Falls Church road.
definite proposition for the immedia tie trans
fer of the Fails Church road to the syndi-
cate was addressed to President Henzman,
it is said, the. price of S16e 900 being then
named as fair compensation for the stock
The capital stock of the Falls Church road
comprises 1860 shares and the par value
per share is $500 OF this stock large
majority of the shares is believed to be held
in the treasury of the company under the
direct control OF, the president and officers
of the company,
From information received today 1t ap-
pears that serious consiiera ton of the
proposition of the Crosby Stevens syndicate
for the transfer of stock resulted in an ac-
ceptance on the part of President HenZman
of the terms of the offer. 1t is stated, how
ever, that no money changed hands, o. mere
formal Endorsement on the face of the syn
dicates offer being the basis on which it
IS said, the present action Of the syndicate
is based. 60.
There is known to be decided opposition
on the part of certain interests to the sale
of the road. and it is stated that a verbal
understanding existed between President
Eenzman and the syndicate to the effect
that the agreement for the sale should be
ratified by all interests before 1t should
be considered binding. According
to statements made today, the stock of the
road, when sold, should be immediately
transferred to the United States Mortgage
ana trust Company of New York, and it is
stated mat Sio0oo0 OF the purchase price
would be applied in settlement of the bond
ed Indebtedness of the road.
When the case comes up before Judge c.
=. Nlchoi in the circuit court for the coun-
present on both sides. The railroad com
pany has already retained Col. F. T, smith
OF Alexandria, in addition to their reguIar
attorneys, and Attorney Armstrong Of the
alexandra city bar has moved in the mat
Ter by ming the suit for the syndicate.
CONSTRUCTION of the Washington. Airing
ton ana Falls Church railway was bepun T.,
tap ioy1, ana ITS lines are still being ex-
tended through Alexandria and Fajrfax
countles The road jsa composed of two
branches, both being single track and each
being operated byo the overhead trolley
The main line of this read extends to FaIyy.
Church, distance OF, about SIN no,,ss f als
the Aqueduct bridge. passing almost entire
~ through Alexandria scounty During The
existence OF Camp tAlger last summer this
w us va ~ oi gIsaL Kalpf and was extensive
A branch line tps Arhngton has r.o.n.,,
been extended to the Columbia bike sseeH dis
lance of about three miles, fNs' us
Mr.. r. P. Phillips is resident manager Of
the road. 49, - ~ t-iaeef OF