The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1904-10-29

Since the publication last sunday Of
his remarkable OFFER through The Times
20 make a gift OF the Brightwood road 10
any responsible people OF Washington
who would assume its liabilities. Presi-
dent Allan l. McDermOUt has been a0-
sent from the city on business. He was
seen last night by a Times reporter
who called his attention to some OF the
most striking comments that had been
called forth by the Offer
Il noticed" said Mr.. McDermott, ian
interview with dr. Blair Lee published
in tue early part Of the week. I'm that
be SET forth the fact that the Bright
wood section offered golden harvest
for a railroad company that could start
in without an incumbrance of accumu-
lated debt The returns on such au
Investment would. in his opinion, be
enormous.
Regrets He Is Impediment.
1T is very painful for me 10 learn thai
am standing between any one and such
profits. If all that money can be made
some one should have the opportunity OF
making IT, ana why not the people ot
Brightwood who are Interested I'm the
subsrb? I VIII make another pr0po-
sition which I hope viii give the Bright
wood gentlemen the chance TO get the
profits from the traffic which under
stand would be the portion Of the pres
lent company were it not for its bad man
aEemeu-.
'Mr- Lee speaks of the power which
gave the charter having also the pOwei
10 take it away He says further thai
if this should be done Congress cOuIl
order the BrightUood Railway Company
10 tear up its rails and get out of the
way of some one who can run a railway
il seems to me that that would bt
rather pity. The road is coustruc tet
and very well constructed. Instead o.
destroying that which is I'm existence
am disposed To- let il contribute 10 ths
success OF such new company. OI
course the gentlemen who are CRITICS
ing she present mana cement feel thai
they could DO better if they were Ina con
troll. SO / am going 20 make them thi.
second proposition:
Let them form a company such as
they suggest 10 run railway for tn,
BTightv COD traffic. I viii turn the pres
ent road over 10 them with the singi,
obligation on their part TO pay the i'm
terest on Jhe drsu mortgage of $4,000
in which the Washington Railway am,
Electric Company is in no way interest
ed. The payment of interest on th,
second mortgage and ON the floating
debt will not be asked
A Lease for Nominal Rent.
'The arrangement can be made in this
way. They can sign "a lease for the roay
FOR I'VE years which viii give them tIm'
to- get some of the enormous profits
They pat up no money and the only
consideration I'm exchange for "a Ieast
on a first class road viii be the paym-u
at interest on the first mortgage whici
is less ir amount than the construction
of "a new road would cost them.
The second mortgage and floating deb
amounting i'm all 10 nearly $500. 600 vii
not be considered in the negotiations
Moreover ! am willing 10 save them IN
investment of "a large sum of money fl
power plant and equipment ] vii
lease them both power ana cars at pre-
ciseIy the same rates charged 10 tn
line in my own companies. If they ar
not satisfied 10 accept those rates 7 an
willing that Cd board OF arbitration b
appointed which would be absolutely ina
partial and competent.
Submit to Arbitration.
The officers of the new compan-
could then submit To the WashiugJol
Railway and Electric Company th
amount they felt willing TO pay for th
lease of cars and power If thes
amounts should be higher than th
rates for my own companies 1 woub
give the BrightwoCd independent man
agement The benefit OF the lesser rate
II they were not willing 20 pay the eX
listing rates the matter could be sub
mitted 90 the board of arbitration au
/ would undertake 10 see that the de
Father Johns Medicine Cures Asthma
/ Prevents Pneumonia and consumption
1 Adv.