The times. [volume] (Richmond, Va.) 1890-1903, 1902-07-10
This the Object of Frank
GouId's Virginia Trip.
DEEP WATER TERMINAL
Desire to Make Hampton Roads
investments Significant.
MILNE WITH TINES FORECAST
Although Strenuousy Denied at the
Time. Hampton Roads Consolida-
ton Has Come About ndica-
tions Point TO the Fact That
the Goulds Want Stock
Of New Company,

Frank Jay Gould viii not stop
at the requirement OF increased
holdings OF Richmond street railway
properties. but will also make siren
uous efforts to acquire a controlling
interest in the street railways of Nor
folk, Portsmouth, Newport News
and Hampton.
Tbs above extract from a special dts
patch to The Times from New York last
night is not enly peculiarly interesting
al This time, as throwing considerable
light on the recent visit of Mr.. Gould 10
RiChmond and Virginia. but as we'll is
in accord with a forecast made IN The
0imes some TWO months or more ago.
ACQUIRL NORFOLK LINES TOO.
At The time OF the announcement OF the
local street railway deal. The Times re-
ccived intimations rom an authoritative
rource t-at this consolidation would be
followed by similar nergiEg Of inter-
es;s On the part of the various companies
a that time operating separately around
Hampton Roads T'lla Times also VEN
1ured the pl eoIeuon that the Goulds, who
were admittedly back of the Passenger
and Power Company and its absorption
Of the lGc31 Williams properties, would
- tore long reach out for the control of
The Norfolk and Newport News lines
Both Of these forecasts were strenu-
ously denied a; the time by the parties
in interest. The predicted consolidation.
however. has come about. and all the
lines around Hampton Roads are under
one administration. If reports in New
\ orli from excellent sources. carry
weight the expedition of Mr. Gould 10
Virginia and his sojourn at Hampton
Roads as we'll as Richmond is to be in
terpreted az indicating a purpose on the
ralt cf the Goulds to absorb not oGly
the street railways of Richmond but
those around Hampton Roads as we'll.
OTHER TIDEWATER INTEREST.
The belief that the Goulds look with
lively interest on investments of this
chara cter in Tidewater Virginia IS
strengthened by the fact that they are
seeking on the Chesapeake for salts
factory deep water terminal for the
great Wabash transcontinental system.
which is the scheme upon which George
Gould. the head of the family. has been
working Several available points in
lower Virginia are under consideration.
Such location would found a city or
nitv already existing The fact that the
Goulds are reaching out for Hampton
73oa,1s Street Railway properties, and also
ora looking for a terminus for their
great Atlantic and Pacific road is re-
parded as a most significant coincidence
PLANS NOW ABOUT COMPLETE
The following is the dispatch received
by The Times last night from New York:
In his ambition 10 become sreat
Il
]. Could is IN Virginia with the inten-
ton. Wall Street heard to-day. of buying
all tho street railway stock on the mar
ket there IIis f;ls: move. Wall Street
understands has .5crn TO increase his
holdings In the Richmond street railways
The same authority states that ne mas
sA,od ready TO spend any amount Of
money 10 acquire the Richmond proper
ties
Frank lay Gould Will not stop at the
requirement of increased holdings OF
Richmond street railway properties. but
will also make strenuous efforts 70 &C
quire controlling interest in the street
railways NOT Norfolk Portsmouth. New
port News. and Hampton.
Mall Street has report from highly
authoritative source that George Gould
is interested with his brother IN ms vast
venture After he has satisfied his am
bition in Virginia Frank Gould will be-
gin operations in Maryland with view
of securing interests in the giant street
railway plants in the large cities there
Baltimore Will he his first striking point
Men who have had business connec-
ttc5f, with young Gould said to-day that
these plans have been maturing for some
time in secret and that 1t was not in
tended TO divulge anything until Could
had. consunmated his deals