Delaware gazette and state journal., 1902-12-11
TO COMBINE TROLLEY ROADS
CompanyWit Unlimited Power
Chartered In New Jersey.
FIRST TO GET READING LINES
viii Probably Control Railways
in This State.
The Interstate Railway Co. Authorized to
Operate Steam Railroads, Mine and sell
Coal ard Deal in Gas, oil and Electricity
Its Authorized Capital sJo,000,0oo.

Trenton. N. j., Dec. 10.-What Is
understood to be one OF the biggest
trolley and steam railroad and power
companies in the country has been
chartered under the name Of the Inter
state Railways Go. The papers were filed
in Camden several days ago, but wero
not made public until yesterday.
So wide and varied are the powers
granted under the charter that the pre-
else purpose for which tho company is
Incorporated cannot be told, but it is
understood that it is intended to CON
troll, probably as holding company, a
great Chain Of city and subur an
electric lines in Pennsylvania, New
Jersey, Delaware and New York, and
that 1t will at least equal in size and
power the biggest electric railway cor
porations in the country.
The company's New Jersey Office is at
No. 419 Market street, Camden, and it
authorized capital is $40, 000, O00, Of
which So, 600 is paid in. 1t is said that
the authorized capital viii be greatly
increased. The Incorporators are Frank
| B. Hansell, William II. Eidell and
\ George b. Martin, all of Camden, and
\ none of whom are identified with
\ electric railway interests. w. w. Light
! Of Reading, Pa, Will, it is said, be
\ treasurer OF the company.
| 1t Is said that one OF the first acquisi :
tions of the new company will nrobaply
be the system OF electric fua-s IL and
I around Reading now operated by the
United Power and TRANSPORTATION Co.
of which John 81. Rigg OF Reading
is president. Tho new million dollar
power plant soon to he erscte1 ct Heai-
ing, which is to furnish Light an
power in Reading and suri1uniins
towns within Il raiils of s5 miles, .will
4 also l'e under tue control of the new
4 company.
| FURTHER than this I'M present plans
I Of the company, are not known, but I
is nuthorizef 10 nrsfato steam iaiiraa Z
IL it cboosea' rne i.hFatien Of tho cdin
pany Il unlimfyed, adj IT Is empowered
10 acquire and hold shares Of atoek
bon6s aud other setdfities: TO prodrcl
aud furnish loNar by insans Of ar
water, elaotsicfty, gas gisvity OF az.
passengers, express and mails 70 nquil
= and maintain streeta and other railways
Y as veil as completing and extendinI
such lines, and also to manufacture
/; mine and deal in coal. gas, oil
i electricity, stesin. light heat, &c.
The board OF directors is empowore
| to apply the surplus earnings or aeon
nulaied profits to the purchase q
, . property to such an extent and in sue
I. a manner as the board may determine
II Associated in the company arc Read
n ing, Philadelphia and New York cisY
j. talists. Pennsylvania railroad interest
| are also largely represented. as we'll !
d. many of those who are interested i
q the great transportation companies (
:, Greater New York.
4 1.-THE United Power and Transport;
( tion Go. owns the lines OF the Whining
ton City RaAway Co, ths Wilmingto
: a. Chester Traction 70. and the Chests
. Traction Go. and the plant OF tn
A.; Wilmington City Electric Co., Et
4 Gaz.