The times. [volume] (Richmond, Va.) 1890-1903, 1900-05-27
{Communicated).
Office of Richmond Passenger and
Power Company,
No. 7G9 East Main Street.
Richmond, Va, May %, 1900.


No. 7G9 East Main Street.
Richmond, Va, May %, 1900.
To the Editor of The Times:
Since our entering into the field OF
street railway in this city, every effort
has been made by adverse interests 10
impede and crush out the new enterprise.
Irlpediments of every kind have been
thrown IN our way. In New York stand
ing advertisements have been published
advising rthe old bondholders not to ex-
change their bonds. In this city influential
men have been hired to circulate petitions
TO our dstrin1ent. 1njunctions have been
threatened, and every possible influence
has been brought to bear to dlScredlt our
efforts to reorganize and rehabilitate the
old properties of the Richmond Railway
and Electric Company, but we have pro
ceeded quietly to carry out faithfully
every promise made, and to meet strictly
every requirement of a most exceedingly
harsh and stringent ordinance.
Since taking possession of the. old prop
critics. scarcely a month ago, we have re-
newed one square OF sirder track with
concrete and paved with new granite spalls
m Broad Street between TWenty-eiSflth
and Twenty-ninth Streets.
Renewed two squares of double girder
rail track with concrete work, ana new
granite spall pavingCon Clay Street be
tween Monroe and Henry Streets.
Laid new double girder rail track, with
concrete, and new granite spall paving on
Twcnty-first Street between Nam ana
Franklin Streets.
And have under construction, with new
girder rails, concrete, etc. seven squares
of new girder rails on Beech Street, Aar-
rison Street from Main to Broad Street
We are rapidly getting ready eleven
large and commodious new cars for our
service, and have refurnished and re-
painted every old open car on the n am
lines of our system. We have furnished
every old closed car. now in service on
Main Street, with new spring cane seats
and backs. and have under construction
for our patrons. and now nearly coEnDlat-
ed. a large ana comfortable summer
Casino, capable of seating about 1900 per-
sons at the New Reservoir, the terminus
of all the lines of street cars in the city
We have had tracks repaired all over our
lines, new bonds put in and in every pos
sible manner attending to the physical
condition of the old property.
During the recent Carnival we trans
no,>ted on our lines over BOZ, 600 passengers
without accident or delay. and furnished
from, cur Power plant EVERY ELECTRIC
LIGHT and ali the commercial power
used. and which was so necessary for its
success.
Up TO April Esd We reported to the City
Cornell that we had succeeded in getting
together every share of stock in all the
Railway Companies, all the bonds OF the
Seven Pines RAILWAY Company and all
those of the Manchester Railway and
Improvement Company and some or the
bonds of the Richmond and Manchester
Railway Company. and now I send. You
below a copy of a letter received to-day
from the fiscal agents OF our company in
New York, which speaks volumes, ana
shows that we have not been idle in other
directions.
The Merchants Trust Company.
mo. $40 Broadway.
New York, May q. 1900
Major James D. Patton, President Rlcn-
mond Passenger and Power company,
Richmond. Va.
..Dear Sir-IVe take pleasure IN inform
inc ,on that there has been deposited
With this coranany bonds of the Richmond
railway and Electric Company to be eN-
changed into the new bonds OF your COM
many. amounting 10 more taan Sixteen
hundred Thousand Dollars CSl.6to,co0.
a-,l W.. Rave been informed by holders OF
other bonds OF their lnteh'loh 20 i'id,-e
exchange, by June lst, and we think by
FRAT DANE we will have at least Eighteen
Hundred Thousand Dollars tSl,S0,G0o) OF
the old bonds for exchange. This is Ninety
.(golz n,er centum of the entire issue OF bonds
of the old Richmond Railway and Elec-
tric Company. and we beg to say that we
consider the exchange of such a large pro
portion of the bonds, IN 50 short time,
an unprecedented accomplishment show
ing fully the confidence of the old bond
holders in the new organiza ton.
Very Truly Yours.
JOHN 3. GRANT.
Secretary.
We think we have Demonstrated to the
public that we have acted and are acting
In good faith and We hope and ask that
sbe people will second our efforts by re-
fuslng their aid and, countenance to the
endeasors of our opponents to hinder and
delay our progress and success.
Very truly.
d. JAMES D. PATTON.