Virginia gazette. [volume] (Williamsburg, Va.) 1893-192?, 1902-04-26

Richmond. va. ApnI 2F-The cor.
solidation o. the street railway and
electric properties OF Richmond and the
absolute retirement OF the Williams
interests. which have dominated the
Traction and allied electric comparics
which are to pass TO the control OF Tho
Virginia Passenger and Power Com
pany. controlled b. George r. Fisher
and associates Of New York VIII 70
into effect in sixty days The dc1l.
closed in Baltimore yesterday nature
" aroused great interest here Few
cities OF Richmond size have such
extensive street railway sys ems.
For the last three years jhe rivalry
between the two companies has been
intense and expensive Final cousof
aation has been looked for by All. bur
The general impression has beer th1.
the Traction people would buy rather
han sell Fisher and his people a.
luired the charter of the Nirgina Pas
senger and Power Company with g
Tiow to bringing about this con1olidG
Hon and the Petersburg propcrties cnd
nc lntcr-Urban line between Rich
nond and Petersburg as well ae thC
oCal Passenger and Power Company
aad already passed under the control
)f this corporation.
The fact that Mr.. Middendorf. at
Baltimore. viii be one OF the director
II the consolidated company and tn1I
Mr. Nelson Perrin. who negotiated rho
Zeal will be interested in the bus s'ncss
and he has been In the Traction Com.
3any seems 90 give color 10 tho repo g
hat Messrs. Middendorf and Perrin
pressed the consolidation because oi
he rulnous competition which would
cot permit either company 90 make
money
The declared purposes of the VII
sams interests not 10 peruancu, iV
.ontinue the street railway busines
eads TO the conclusion that they ms7
soon withdraw from the hold iu Nor
ok and vicinity where they have lar @
ntcrprises. ID would not be sUrr.r.s.
ng az any time 10 hear of the pyo
serties i'm that section being sold r.
Governor Brown. OF Maryland. and Ar
Payne. OF Newport News. are spoke.
# as men who might acquire the pre-
3crties. One or the other. most likely
nr. Payne may be negotiating for then
already.
Mr. Fritz Sitterding is president OF
he Virginia Passenger and Powel
Company, which will control all tae
interests In the deal He will continSC
Il the head of the consolidated enter
prises.
Petersburg. Va. April 24.-Peters
ourg viii play an Important part in the
electric railway consolidation whicf
.Ook place yesterday. The present OF
a.. rrnf- Do
Power Company. now the owners G.
All the lines in Richmond MauChes, ei
Petersburg and vicinity. are in this
.ity and the taxes OF the company vii
Dc paid here The almost unlimited
water power capable Of being develop
ID at the locks just above this CITY
and the bright prospects for the sue
sess of the Appomattox diversion plaT
1aye had no small part in placing
Petersburg in this position. OF the five
iirecsors of the Virginia Passenge'
and Power Company. two are 81
Petersburg, Carter r. Bishop and Au
gust Wright The deal which Wa
:onsummated yesterday has beer
worked out on paper for nearly thre,
Fears. The int erurban line betweeI
3ichmond and Petersburg. which vii
become the property of the Virginii
Passenger and Power Company. viii
,e thoroughly equipped and there I.
probability that much II not al o
he road viii be rebuilt This VIC
stated this morning by an official. tn.
consolidation. according TO the opinion
f those who are IN possession of Tn.
acts relating TO it. will DO more 20
he interest OF this city than any dee
hat has been consummated Tor man,
Fears.