Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-10-28
A P|TTSBURGER'S PLANS
FOR ST. PETERSBURG
RECEIVED VERY CORDIALLY ny
THE PRESS or THE RUS
SIAN CsTtEAL.
WILLING TO BUY RAILWAYS
WHETHER MUNICIPAL or BELONG
ING TO ooRpoR ATOMS.

W III W VI II ~ YIN 'ssR'=N'-
INe TO coRpoR ATOMS.
And Introduce "a Complete Electric
system-MurrS A. werner IL the
Man, and He Proposes Company
With Capital aud Bouds of Ono
Hundred and Four Milton Rouhles.
Makes Very Liberal Propositions.
ST. PETERSBURG. October Ia
The offer of hurry A, Werner. of Pitts
burg. Pa. to buy all the municipal and
private street railways of st. Peters
burg. introduce electrical traction, and
organize complete system OF electric
tramways. has been received very ia
vorably by the local press. The NUM-
cipal council has been discussing the
matter for several years, but Mr.. Yer
| ner's offer is the first genuine step to-
wards the introduction of electricity.
The city owns three lines and num-
Der of other lines are owned and oper-
| ated by two private companies. The
city has begun legal proceedings
| against these companies with view to
unifying all the surface traction COM
panies and Mr.. Yerner's offer stipulates
that the city shall turn the private
lines over to him when the matter has
! peen litigated MIR. Verners offer is
regarded by the press as straight for
| ward, business like and fair. 1t is too
early to predict success, since many
! cooks help make a broth in this city,
| but the municipal council was not APP
| preached until Mr.. Werner. who has
been to st. Petersburg three times
| within fourteen months, had carefully
studied the whole problem from fin
F., ancial and technical point of view and
through his local representative. Nr.
w A. Heydecker. the American vice
consul had sounded various authori-
| ties about the matter.
| Mr.. Verner's proposal is, briefly
| stated, to organize a company under
the laws of Russia with capital stock
of 52000.000 roubles, and the right to
issue bonds to the same amount He
| states that he and his friends can
supply the money. He would agree to
complete the transportation of all ex-
listing lines into electrical lines within
four years from the date of the fran
| ehise, and would sa orange the traffic
that no needless change of cars would
take place In going to and from the
center of the city. He would employ
| girder rails weighing ninety-six
pounds (English) to the lineal yard.
except in the suburbs, where eighty
pound rails would be used. Overhead
trolley wires would be employed, but
the insulated copper feed wire would
be carried In conducts. Double deck
cars would be abolished and replace by
! trains with three separate classes. The
| platform of the winter cars will be en-
closed Bridges will be widened and
| strengthened where necessary at the
company's expense and the company
| offers to assume the burden of build
| ing stone or steel bridge across the
! Neva near the palace, TO replace the
| present wooden structure, the cost OF
| the bridge to be deducted from the an
nual compensation payments. This is
| a point of great Importance to the city.
| which is considering the issue OF bonds
for this purpose.
1t is stipulated that Russian mater
| ials and Russian engineers and work
men shall be employed, as far as avail
/, able
The compensation clause stipulates
, the immediate payment by the eompa-
ny of the actual cash value Of the in
ventory of the existing lines. the pay
| ment to the city during four years or
the previous net revenue of the various
| lines and the payment annually there
after of a percentage of the gross re-
eeipts to be agreed upon by mntul con-
sent. The municipality shall enjoy the
, right of purchase at the end of twenty
| five years, again after lapse Of an equal
period and thereafter every ten years.
i BONUS small NC paiu Aoi a. peA' aNN 49,
net earning capacity of the shares shall
be capitalized for purposes of purchase.
The municipal lines have not been
paying satisfactorily, owing presumably
to increase in the cost of operation I'M
| der municipal council. A decrease OF
about $4,000 roubles in the net reve-
/ 80. l.. a,4;oinatad for 1Qn2