The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1902-02-18
new EQUIPMENT
FOR LOCAL LINES
Is Promised at Once BY New
Owners-.Canton- M MassiIIon
Holds Election Simply as
Matter Of Form.

The announcement has been made
from Cleveland that the deal by which
the Canton-Massillon Electric rail-
way Is to be absorbed and become a
part of the Canton and Akron system
has been closed. The capitalists
named by the News-Democrat In its
first announcement are the ones that
have secured the road. It is Tucker.
Anthony & Co., and the Chicago and
California capitalists who are back of
the L. e. Meyers Construction and
Equipment company that is now build
ing the Canton and Akron line that
have secured the city lines.
1t is stated that the new company
has facilities for the immediate equip.
ment of the city line with the neces'
sary cars and will take steps at once
to put the road in first class shape
This will necessitate new power eqnipl
ment, wires and poles over nearly the
entire line.
John C. Welty was seen by re.
porter Monday. He said that while
there might be some matters of detail
to look over and arrange yet, he was
satisfied that the deal had been closed
as stated in the Cleveland morning
papers. He had not as yet been Off
cially notified OF the transfer.
r. S. Shields, who is counsel for
the N. o. T. company in Canton
stated that he could give no definite
Information.
THE ANNUAL MEETING.
---T Tie regular annual election Of the
Canton -Massillon Electric Railway
company was held in Castor, Monday
morning. General Manager Currie, d
the N. o. T. company, of Akron, was
. present. Directors were elected as fol-
lows: A. M. Snyder, G. w. Bodinot
r.. w. Moore and J. T. Ross, of Cleve'
land; Charles Currie, of Akron; Will
liam A. Lynch and r. s. Shields, O.
Canton. Mr.. Lynch continues as pres
ident, Mr.. Currie was elected genera
manager, G.. w. Bodinot secretary, an,
L. A. Loichot, of Canton, treasurer.
Mr.. Currie was seen by News
Democrat reporter and asked as t.
the transfer of the -Massillol
line to the Canton Akron company
/: He said that the negotiations We're be
: ing carried on at Cleveland and tba
he was not advised as to what ha,
been done. The matter was not evel
discussed at the meeting of the di
rectors, he said
AT CLEVELAND.
The Cleveland Leader of Monda,
morning said:
The rumor that the Everet-Moor
syndicate had disposed OF the Akron
Canton electric line was partially con
firmed by Mr.. Everett yesterday. Whel
asked II the syndicate had sold tn
property Mr.. Everett said that he lin
derstood that it had been sold.
"The syndicate did have control d
this line. did II nOt?" was asked by
Leader reporter
1--WE did have before the line wa
sold" was the answer
The sale of the Akron Canton lin
also carries with 1t the sale of tn
Canton and Massillon street car sys
tenn, the Canton Massillon Interurba
line, and the extension of the latte
line to Navarro.
These properties We're obtained fo
the syndicate several months ago b
the Northern Ohio Traction compan!
which is a part OF the Eyerett-Moor
holdings.
Who the purchasers of the lines al
could not be learned definitely, but
Is said to be the banking house
Tucker, Anthony & Co., of Boston;
u. Meyers, of Chicago, and sewers
eastern capitalists. Mr.. Meyers is th
general manager Of the Akron-Canto
line. The transaction Is said to IN
volve about $3.000,000
The firm of Tucker. Anthony & ca
originally financed the Akron -Canto
line. and was putting 1t througl,
completion when its interests wei
taken up by the Everett-Moore synd
cato.
lNnIkNh DkcT0Q