The Kalispell bee. [volume] (Kalispell, Mont.) 1900-192?, 1903-02-24
In Great Falls Land Company and
Street Railway Company.
CONTROL ELECTRIC COMPANY
And the Investment Represents Over
quarter Of Million DoIiars-Many
improvements in Service Contem.
DECENTRALIZATION to Be Made to
the Electric Railway.

1t was officially announced last
evening that the Marcus DAILY estate
had completed the puchase of the
controlling interests in the Boston
and Great Falls Land company, the
Great Falls Street Railway companv.
and Boston and Great Falls Electric
Light company. The deal has been
under way for some time past and
parties in this city have been en-
gagged in looking into the affairs of
the different companies for the in
tending purchaser, Mr.. G. D. Wyman
of the StOne-Webber syndicate being
the outside expert who made report
upon the condition of the property
as an investment. Yesterday even
ing all negotiations were declared to
have been completed and no further
secrecy upon the matter is required.
Mr.. MarOny of the First National
bank, last evening received a tele-
gram from ]. D. Ryan from Boston
confirming the purchase officially,
Mr.. Ryan having been in that city
to conclude the deal.
The purchase price amounted to
over half million dollars, and it is
the intention of the new company to
invest about $4,000 more in improve
ments. The improvements will con-
sist in practical doubling of the
ofrio iuh
der to meet the needs of the city,
both in service and in price. The
street car service is in good condition
at the present time and it is probable
that the only change made in that
company will be that double track
will be run from the terminus, on
Third avenue and Ninth street, to the
end of Central avenue. The Boston
& Great Falls Land company's addi-
ton will probably receive as much
benefit as any, a sewer being con-
templated from there direct to the
river, all of the streets to be boule-
varded, and street car service to
be put on, which will allow the resi-
dents every facility for reaching the
city, something they have not en-
joyed under the old management, the
proposition seeming to have been
that people living there came last on
the list for accommodation. The
three companies will be consolidated
and run as one.
The investment means much for
the standing which Great Falls has
in the business world, and shows
what outside people think of her flu
ture. The management of the Daily
estate desires safe investments for
the money of the estate, and looking
over all Montana Great Falls was
found to offer the best inducements
for conservative capital of any, and
the capital was invested. The pres
ent purchase, with the First National
bank holdings, will mean that the
Daily estate has put quarter of mil
lion of dollars in Great Falls during
the past year.
The three corporations named were
organized in June 1890. That year
three and half miles of street rail-
way were built, and on November l
of that year the first electric lights
were turned on. Then there was a
competing lighting company, but this
competition was bought out the fol-
lowing year In 1891 the land COM
pany, owning 500 acres, laid out Bos-
ton Heights, which now has a popu.
lation Of between 800 and 400 peo-
pie, electric lights and city water,
as well as street car service. Seven
years ago the street railway went
into the hands Of w. D. Dickinson as
receiver, and he has managed the
three poperties at this end. Since
then it has paid expenses and has
also paid for all the repairs and ex-
tensions, though no interest has been
paid on the bonds. There are now
lis miles Of street railway in opera
ton.
The electric light company has no
bonded debt. It has paid per cent
dividends on the $1S6.0O0 of issued
stock per annum and expenses of
maintenance and extension. The
company now furnishes about $4,000
lights, but could supply more if it
had the extra power and machinery.
The management of the properties
at this end has not been announced
as yet by. the purchasers.-Great
Falls Toader