Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1900-08-23
CECIL COUNTY TROLLEY ROAD.


tnllhuelpnlh Evening telegraph q.
On the first of next month work will
he begun on the Cherry Hill, Elkton &
Chesapeake City railway, the new
trolley line that is to electrify the good
people of Cecil county, Md.
Most of the $50, 900 of the stock of
the new company, that has already
been subscribed for, has been taken by
Philadelphia capitalists, though its in
corporators are 10 of the most prominent
men of Cecil county. The board of
directors compr Use John II. Steele, John
Brady and John Banks of Cecil county,
and John NJ. Kennedy and p. Nj.
O'Brien of this city.
The unusual feature of the new road
is that enc of its largest stockholders
will be the State Of Maryland. shAps ~
This is by an arrangement made many
years ago, whereby it was resolved that
a sum of money should be divided
among several Eastern Shore counties
which had not previously benefited by
the State appropriations for internal
improvements, and the share of Cecil
county was fixed at $5S,000 number
of eommIanies have been chartered to
absorb this money, but until the
present time none of them has been
organized.
Another act transferred the much
| desired $4,000 to the new company,
using the following language: '.As soon
| as it shall appear to the governor by
affidavit of the president of the said
Cherry Hill, Elkton & Chesapeake City
| Electric Railway Co. of Cecil county
that bona-fide subscriptions to the
capital stock of said company equal TO
the sum of $40, 600 have been actually
made, the treasurer of the State shall
be and he is hereby authorized and
directed in the name and on behalf of
this State to subscribe for So many
shares of the capital stock OF said com
pany as shall amount to the sum of
$40, 600 rs aforesaid, and as soon as it
shall appear to the governor. by the
affidavit of the president of said COM
pany, that additional bona fide sub
scriptions to the capital stock Of said
company equal to the amount of the
balance of said sum of 500, 600 have
been actually made, the treasurer of
this State shall be and he is hereby
authorized and directed, in the name
and on behalf of this State to subscribe
for as many additional shares of the
capital stock of said company as shall
equal in amount the sum of the balance
of said $58, 600, as aforesaid, and the
treasurer shall out of any unappro-
priated money in the treasury pay the
instruments on each share of the capital
stock of said company for which he
may subscribe as aforesaid on the war
rant of the comptroller, which latter
officer is hereby directed to issue, as
said instalments may be called for by
the directors OF said Cherry Hill,
Elkton Il Chesapeake City Railway Co.
of Cecil county, in accordance with the
orders, rules and regulations adopted
by them. :"
At recent meeting of the board Of
directors call was made for 10 per
cent of the 100000 subscribed stock.
John M. Kennedy, who is Tell-known
wool mer chant, was chosen president,
and Capt. Ambrose Higgins. a. leading
member of the Philadelphia bar, was
elected secretary, treasurer and general
counsel,
The 10 per cent assessment of the
subscribed stock was promptly paid in,
and the State was notified of this fact,
and asked to pay 10 per cent on the
S5S, 600 appropriated. The governor was
also asked to name two men who should
seryes on the board Of directors at
representatives of the State.
1t will thus be seen that the majority
of the board will be Cecil county men,
and that since the balance of powel
; rests with them, the rights of the Statt
. are amply protected, though the stand
ing of the Philadelphia stockholders il
IN itself sufficient guarantee that no
only will the road BIZ built, but tina
, it will he, operated to the mutual ad
vantage of stockholders and patrons.
All the necessary rights OF way hav,
: already been secured, and it is the in
tention of the board to have the roat
| completed and in operation by tn
i | hapinninp of thu fall of this paar