Evening star., 1901-10-16
STREET RAILROAD PLANS
ENCOURAGING ESTIMATE OF THE
WASHINGTON TRACTION FUTURE.
Current Gossip Concerning Electric
Line to Baltimore and Penn
sylvanin Railroad Company.

The certificates of deposit of the bonds
Company. placed in the possession Of the
United States Mortgage and Trust Com
pany of New York, in accordance with the
terms of the agreement for reorganization,
have been listed by the Washington stock
exchange. This is done so that the GER
tificates can be dealt in, just as the bonds
are, and until all the latter are deposited
both the bonds and the certificates will be
on the market.
1t Is stated by the committee on reorgani-
cation that 90 per cent of the SIS, ,4OO, 600 of
the bonds of the Washington Traction Com
pany have already been deposited and as
the time for receiving them has been ex-
tended to the 31st instant it is thought there
Is a good prospect that holders of the en-
tire issue of bonds and stocks will agree to
the plans as outlined in the agreement.
Upon the expiration of this time it Is ex-
pected the court will be asked to give au-
thority for the sale Of the property Of the
Washington Traction Company, which con-
sists of the stocks of the various railroads
owned by that company. Owing to the
value of the property 1t Is probable the
court will direct that notice of perhaps
sixty days be given before the property
is put up at auction. In such event the
y,
in the plan of reorganization. cannot be
effected until after the close of the present
year.
1t is the belief Of those interested In this
property that after the reorganization Is
effected, and with q continuance of the
present economical administration, the
financial outlook will be greatly improved.
1t is not claimed thar the property is capa-
bic of yielding large profits, but that with
careful and judicious management and the
natural growth of the business due to the
development of the city a future can be
discerned for return upon the money that
will be represented by the securities of the
new company.
Proposed Electric Line.
In this connection there is some interest
ing gossip from sources entirely outside of
the company 1t relates to the revived
project for the building of an electric road
between this city and Baltimore. AS will
be recalled, it is proposed to connect the
systems of the United Railways of Balti-
more and the Washington Traction Com
pany of this city by building a road be-
tween the present termini of these systems
Such connecting link would extend from
Ellicott City. Md, to Berwyn, Md.
The latter is the terminus of the CITY and
Suburban road. and the former Is at the
end Of one of the lines of the Baltimore
cit city system OF street railways. 1t is be-
ieved that this road will actually be built
and that in the near future the two cities
will be electrically connected. 1t Is also
part OF the current gossip that If such a
road is built II will be controlled by the
PENNSYLVANIA Railroad Company in ac-
cordance with the well known policy of that
corporation in handling the local business
between centers Of population, or what Is
popularly known suburban travel
1t Is believed that with such a prospect
the proposed inter-urban electric road will
De bulit. as the financial outlook would
then insure an abundance of capital