The Montgomery advertiser., 1902-03-21

A public sentiment which has long re- belled against the inefficiency Of the Montgomery Street Railway Company as a public utility is to be rewarded and Montgomery is within the next three months to witness the beginning of con- strliction of a splendid system of street railways with modern equipment-a sys- them that promises to give to the peopie of the Capital City of Alabama street railway service the equal of any other Southern city.
 These assurances are given by W. F. Vandiver and Barry l.. Holt. prominent citizens of Montgomery. who are al present in New York city having gone there for the purpose of completing ar engagements for the construction of the system.
 Equally as agreeable news for Mont. gomery is the information that the pro- moters of the new street railway com pany will expend $25,000 in improving Pickett SpringC. four miles north of Montgomery, and will make a suburban resort, equal to any in the country.
 These statements came to The Adver- tiser yesterday afternoon by telegraph from Messrs vandiver and Holt. The subjoined telegrams tell the good news That they are signed by two progressive citizens of Montgomery who possess 'th' ability and perseverance necessary to the execution of their ideas is sufficient as surance to the people of Montgomery ant of Alabama, that the new street railwa. will be constructed as stated by them.
 To Begin Work at Once.
 The ordinance granting a franchise tt the new street railroad company was adopted by the Montgomery City Counci June 17, 1901. It provides that work upor the new system must begin within twelve months after it's passage by the Council This means that ground will be broken for the new system between today and June 17th next.
 The news that Messrs Vandiver and Holt had closed a deal for the construc' tion of new street railroad system ir Montgomery was hailed with delight by business men in the down town district yesterday afternoon.
 Soon after the receipt of the first tele gram from Messrs Vandiver and Holt a representative of The Advertiser sought an interview with Captain J. w. Dim mick. president of the Montgomery Street Railroad Company.
 "W F. Vandiver and Barry l.. Holt have telegraphed The Advertiser that they have closed deal In New forh for the construction of street railway system in Montgomery under the fran chise granted Colonel Holt last summer by the City Council. and that rails have already been purchased" Captain Dim mick was informed.
 Parallels Old Line.
 Captain Dimmick smiled.
 "Is that a fact?" asked Captain Dim mick, still smiling.
 When assured that the statement Wal one of fact he declared that he did no see how this information could affect thu company of which he is president
 NO l had not heard this before" sai' Captain Dimmick Ut will not affect III in the slightest degree"
 'The new line parallels yours at som points does 1t not?' he was asked "I believe it does" replied Captain Dimmick, but 1t will not affect us. To properly understand the importance of the information to Captain DimmicS who owns a controlling interest in thu Montgomery Street Railroad Company one should understand that II was re ported several months ago that he hat refused A bona fide offer of $500.0O0 casi for the property. The purchasers u wa said desired the property because of iti valuable franchises and not for it's actua pronerty value Captain Dimmick, how ever. denied that he had received sucf an offer. but said he had been offered { large sum for an interest in the property
 New Franchise Granted. Last June the Montgomery City Coun ell granted a franchise to Colonel E. l Holt. to construct a street railway sys tenn in Montgomery. At that ti.le it wa not known that W. F. Vandiver wa interested with him in the undertaking Indeed the connection of Mir. Vandive with the street railroad project was no known until yesterday when he joine' Colonel Holt in a telegram to The Adver tiser stating that their plans for the bet torment of Montgomery had been con summated.
 Soon after the franchise was grante ! by the City Council Colonel Holt an nounced that he had secured the franchis solely for the purpose of building street railroad and not for speculativ purposes
 When the deal is consummated and tfl contract is awarded for It's construction | I will tell The Advertiser all about It. | declared Colonel Holt, but not uhtl 1 then. I do not care to tell the puo1 anything of our plans until We are read! | to show results"
 The new street railroad will be pracu | caIly Il belt line around the city. It VII | extent the entire length of Polar Stree on the north. the entire length oi hipie! 1 Street on the east the entire length o Jeff Davis Avenue on the south; VII reach the Union Depot by Commerc'