The times. [volume] (Richmond, Va.) 1890-1903, 1900-12-23
INQUIRY ABOUT
THE SECURITIES
Comment on City Attorneys Sugges-
ton as to an Investigation.
BOTH SIDES ARE AGREEABLE,
Claimed that the Transaction Between
tho Passenger and Power co. and
tho Virginia Conduit Co, Was
Perfectly Legal and Proper.
BOTH SIDES ARE AGREEABLE,

The suggestion of City Attorney Pollard
that there Should be en- investigation by
the Council or the Committee on Streets
as to what became Of the $500 Oh Sc
curities of the Richmond Passenger ana
Power Company, admittedly gwen 70 the
Jenkins Conduit Company by Captain An
drew Pizzini IT. III cons1ueratl0n OF tt!e
aid and influence OF the Jenkins Company
in securing from the City Council the
franchise OF the Passenger and Power
Company, was discussed quite generally
Throughout the city yesterday Nhen MI
Pollard referred 70 this matter IN the
meeting OF the Committee on Streets ETH
day night, Chairman ANen remarked That
Mr.. Kelley, counsel for the Virginia Con-
dl1it Company, known as the Jenkins Com
pany had explained that these securities
were turned ever to that company anu
kept by lit. Mr.. Kelley ADDED that 1his
was right. The committee l.et the mat ter
drop there apparently being Satlslet Win
these statements.
The Jenkins people said yesterday that
they had no objection whatever to am m
yestieation. The securities were paid to
them for their services, they said, In a
,,arfectlv Legitimate manner and SO re-
cezvei by them. Capt. Andrew Pizzihl'
,Jr., said there was no reason tor an l!veS-
tigation, but that he was perfectly Willing
that one should be mao.
were delivered to the Jenkins Company,
declared the Captain. Il know of no IN
n,,-o,er use of either bonds, stocks or
monev during that contest before the
Council.
The Jen zins Company l.ciS begun LII
earnest its fight to have the Cou-1C!t ie.
uuare the Richmond passenger anu
Ccnnanv to put down an uldersEouI'u
eCs+ano ION Main Street from Twenty :
;,-}otb ,to T,orlbartSy Street They Clam!
4t,+ their system is practical, and t!Hit
tho company through Capt fizz.nI tls,s
5i1I,oared itself morally TO do TINS. uotlo
sentiment has been somewhat arou@so Wv
the matter, and another l01s %!tu 80"
horn fight in the Col-1o'l - iiAeis
sue. -. S+-oa+
->,54t,..e Of the underground ORDINANCE
no him for his opinion as to the sln4iils u
tho ,,ity- TO require the companies 70 o'S
,,af4, ,rncrp the same system on Main otlee.
er,a ia compel the passenger anu rover
company to supply the Irstctlon ON l,ai s,
with power, City Attorney folfd - Z 49,
tHr7l,v said that he wanted II thot,
.+an,h, ,Tnder.stood that he advised
.,S Street Committee not to require MN
- oiva an opinion as to whether the CITY
I'D comnel one company to furhlsh
| .a &C. 10 another traverSnS us
rrarl,s such decisions he ADDED
GENERALLY lead to intermlnable lltlsatloi'
"a tro,,bIe The city has been fortunate
50 far in avoiding legal entahsle!i'eii rs .
+la street-car controversies that it has
| ,assed through. and ii has been exceed
| i,gl,- fortunate in doing SO. All tha'
the Council has to do with the question
Of issue is to decide whether it will require
+he Richmond Passenger and Power com
,,,nv 70 nut the jenkins conduit system
Sovn on Main Street. II it decides that
mis- should be done the two companies
sbonld fight out the terms as to power
| oantarmity &c. The city has nothing
TO do with these matte SS:,,r
~ SIMPLE PROPOSITION.
.r+e ordinance granting the Traction
con,ony the right to operate cars on
SIsin street specifically says that that
comrDnv must conform to such! electrical
system as is in use on that street, and
| = vii, have to do so II It runs cars on
th,+ street. That's all there is to it.
Cantain P;zzini says the Passenger and
r,or.a,. COMPANY hus never expressed it
sole anon the subject OF giving the Jen-
| l,ns system a trial He also says that
NJ, Kelley was in error in referring to the
! actual value of the secuF4'ie'' Oh the fas-
senger and Power Company PAD 10 tie
Jenkins Company. Accotuiis 10 Captati'
Pizzini. the market value OIL the oonds a.
! that time was 80 cents, o. the pFeler'eu
! stock about 80 cents. ana ot Tue common
stock about % cents. NJ. Kelley salo
Friday night that the bonus We're worth
about 50 cents and the stocA "ouid orii!s
practically nothing.