The Montgomery advertiser., 1902-03-27
HOLT ARRIVES FROM EAST
Engineers Will Be Here in
 About Three Days.
It is Thought Contractors Will Be- gin Laying Rails Within Thirty Days-Pickett Springs Line
 Will Be First Completed.

within the next few days the engineers who will project the route of the new street railroad will arrive in Montgomery and actual work on the system will begin before thirty days have passed"
 This statement was made yesterday with characteristic business-lke empha- sis by Col. Barry L. Holt, who has just returned from New York city, where he and W. F, vandiver perfected all ar . engagements for the construction of a complete and modern system of street railroad in Montgomery and the building of splendid park with pavilions. the- atre, lake driveways and other attrac- dons at Pickett Springs. four miles north of the city, on the Lower wetumpka road.
 Colonel Holt spoke reluctantly of the improvements which himself and asso- ciates contemplated fin Montgomery He said that the work was to begin so soon that he thought it would be preferable to let the public await the developments made by the company. Moreover, Colo- nel Holt said that several New York capitalists were interested with himself and Mir. vandiver in building the street railroad, and that the internal affairs of the company were not yet in shape to be given to the public
 Unlimited Capital.
 The new street railroad will be con- structed by J. c. White & Co.,, of New York city. a large engineering firm which Is also financial agency with offices in London as well as New York Colone, Holt said this firm consummated the deal for the street railroad and park in Mont gomery.- and that the bonds were nego- tiated before Mir. vandiver and himself signed the contracts. The company will be able to control unlimited capital. and Colonel Holt said there was absolutely no doubt that the railroad system would be constructed and that 1t would be equip ped with the most modern and first-class cars. rails and other equipment. The motive power will be supplied by the Emerson, McMillan Company of New York. promoters of the Tallassee Power Company. with whom Mir Vandiver is as socated.
 Colonel Holt said the specificat tions for the cars were made before he left New K. modern design being built especially for the Montgomery railroad. The order for the rails, he said. had already been placed and the only obstacle with which him self and other promoters of the system met was the fact that all manufacturers of steel rails were crowded with orders It was expected. however he said that the steel rails would be shipped just as fast as they could be turned out by the factories. These rails. Colonel Holt said would be as heavy as regular railroad rails and would make riding on the new cars comfortable
 Route of New Railway.
 The route of the new street railroad Colonel Holt said. would depend largely on the engineers who will come here from New York. He said all of the streets named in his franchise secured from the City Council might be used, but the en- giueers might decide not to use some of the streets.
 He said it was probable that work on the line to Pickett Springs would begin ahead of the work in the city, but the present intention was to begin in the streets of Montgomery about the same time as work begins on the Pickett Springs line.
 Will the line to Pickett Springs follow the Lower Wetumpka road?" Colonel Holt was asked.
 "Yes. it will follow the Lower We tumpka road very closely. It may go beyond Pickett Springs, though" he added.
 In view of the fact that it has been re- ported a street railway m ght be built 1o Wetumpka. this statement is signi- 6cant. although Colonel Holt declined to discuss this probability.
 Will the line to Pickett Springs be made belt line by way of the Upper Wetumpka road?'' Colonel Holt was asked.
 No. there will not be q belt line. Pick cit Springs will be reached by the Lower Wetumpka road only" he replied.
 Colonel Holt denied emphatically that there was a probability of consolidation between his company and the Montgom- cry Street Railroad,
 No Consolidation.
 We have passed the point Of consoli- dation," he declared I've mean busi- ness now. We believe a first-class street railroad system in Montgomery will pay, and we are going to build it. Every de- tail was cared for before Mir. Vandiver joined me in signing a telegram to The Advertiser. We were particular to know that there could not be q failure before we sent that telegram
 Asked concerning the capitalization of the company. its name and officers, Colo mel Holt said those were matters that he nrcferred not to discuss Lawyers were attending to these details under the d- rection Of J. G. White & Co, he said. when he left New York city. He indi- cated. however. that the company would he incorporated under the laws of New Iersev and that there would be local company II is probable Colonel Holt bimseIf will be at the head of the local
 you can say positively" declared Col on.I Holt. that tnere will be no watered stock The men associated with me are 6nancially able to make all the improve ments necessary.
 Then Colonel Holt talked of the inn snrtngs He said a handsome pavilion apd summer theatre would be hlIilt; there will be an auditorium for conventions