Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1900-01-06
INCREASED RICHES
Fur THE CITY
Would Result From a Decision
Favorable to the Brandywine
Springs Company.
vALUEIEss MADE VALUABLE

BY THE COMPANY ENTERING Will
MINGToN ON IT'S OWN TRACKS.
OPINIONS OF A PROMINENT
BUSINESS MAN AND LEADING
BROKER PLAIiSLY EXPRESSED.
There should be a more active in
terest displayed by business men ofwn-
mington in the street railway conten-
tion than is manifested"
The remark was made by business
man who was leaving the Court House
after listening to the argument in the
case in hearing before the chancellor.
In response to an inquiry from the
Evening Journal he said:
ASK any wideawake stock broker OF
this city what the effects will be here
in a financial way. ia case OF a deci-
sion adverse to the BF andywine Springs
Company and what the effects Of a de-
cision in its favor viii be. You will be
convinced that the latter would bene-
fit the city while the former would
not.
"Tho stock on the Brandywlnc
lsprings Company Is held by few mon.
It is not on the market and has no
market value.
; IL the company succeeds in enter
ing the. city as IT'S state charter and
its city franchise authorize it TO. its
stock viii have a market value
"That win be creating something cut
b Of nothing. II viii be giving value 10
what Is now valueless. IL VIII create
wealth where therc Is now no wealth.
, That wealth viii belong to Whining
ton, and by just so much will Whining
o ton be enriched. To add to the wealth
p Of one citizen Of the city is to add to
g the prosperity OF all.
! "The stock of the Wilmington City
! Company has ii market value Exclu-
e sion Of the suburban company from
L the city will not add one cent a share
e to that value
"The stock OF the Wilmington City
is owned by another corpora
T. tion that is owned in Reading and il
l- its stock is increased in value the bene-
y ft is not TO Wilmington, but to Read
u ing.
W III the Wilmington City Company is
n not admitted to Sixth street and the
"a Brandywine Springs Company is the
~ value Of the City Company stock viii
4 not be deprecated at all
b. III the Brandywine Springs Com
in pany is denied admission to the city
te on its own rails it's stock will never
o' have commercial value"
nr The Evening Journal asked the lead
is ing stock broker OF the city concerning
~ the matter.
20 The Evening Journal: What is the
~ market value of the stock Of the VIII
AS mington and Brandywine Springs Rail-
b" way Company at present.
Broker: There is none on the mar
lp ket. 1t has no value that can be
bal quoted"
tol The Evening Journal: III It secures
x. entrance to the city on its own iron
=, through Sixth street will its stock &C.
10 quire any market value?'
Broker: 1T will certainly acquire 4
lv value. 1t is now held by a very fev
to men. Il would probably require twlo,
ed as much money to buy the stock from
ne them if they could get into the city al
az they would sell for now"
III The Evening Journal: What is The
value of the stock OF the Wilmington
all city Company"
Broker; 1T is owned by the Unite'
~ Power and Transportation Company
foreign corporation. The latter
ss s25 shares are worth s2s
ro- When the local company wa
CO sold to the foreign compan
ole the stock was paid for in bonds OF tn
lys absorbing corporation. Minority own
md ers received S13 a share and majorit
aid owners received s17 a share-all bein
III IN paid in bonds. The par value Of
share Of this company's stock wa
So"
49, The Evening Journal: II the Wi
W. mington City Company is sustained i
ing it's efforts to get the use Of Sixth stree
l.s' will its success add TO the value OF il
de- stock?'
on Broker: mot a cent. IL will merel
yr- imnart some frmness 10 it, as II wi
at be assurance that it will continue
'sit monopolize the street railway husine'
Of the city.