The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-08-05
EVERYBODY
WONDERING.
Regarded as Certain That Street
Railway Lines Will
Be Sold.
Els her MAY BUY THEM BACK
But Gould Will Likely Be a.
Spirited Bidder Rscciv-
ers Toll Day. " &,

Ii ( f
There is much speculation IN railway
and financial circles Ii, this city and
elsewhere as to the future Of the street
railway properties of this city, Man
chester and Petersburg, and the inter-
urban lines. now that they are being.
operated by receivers under the order OF
the Federal Court. OF course much spec
ulation relates to the possibility OF a
conflict between the courts, the Federal
Court having appointed receivers foraall
the property fortnight ago. while 1t is
expected that the Corporation Court of
Petersburg will to-day name receivers
for the Virginia Passenger and Power
corporations covered by the Federal
Court receivers. R
b Judge Mullen, OF Petersburg will liamo
receivers for the one company, and these
receivers will not be the same already
named by Judge 1vaddill for the three
co-ordinated companies as stated few.
days ago. However. there Is not the
slightest likelihood Of any physical con-
flict between the State and Federal
courts of their officers. Whatever con-
flict there may be will be merely theo-
lieved, will be held in abeyance while
awaiting an appeal from Judge Mullen's
order. which will certainly be asked and
will almost surely be granted This APP
peal will be to the Supreme Court Of
Appeals OF Virginia, and in the event
that court sustains Judge N1ulen's ac-
ton. It is equally certain that the Off
Gals of the associated corporations will
further appeal to The court of last resort.
the Supreme Court OF the United States.
Roads Must Be Sold.
One thing is practically certain: The
road or roads is or are to be sold This
will in any event ultimately be neccs-3
sary to affect division Of the assets OF
d corporation or corporations, admit tedly
5lnsolvent. "A we'll known practical rail-
way man and financier, experienced in
such matters yesterday expressed the
opinion that in the event Of the perpetual
tion of the Federal Court receivcrship, OF
which he has little doubt, the properties
will soon be sold. II q s5g
Asked who would probably be the pur-
chaser, he answered BY stating that Mr..
Frank J. Gould was already practically
the owner Of the interurban line, which
was the best paying OF the properties.
and that he also owned absolutely abon
slll, 600 worth Of land higher up the Ap-s
pon1a ttox River than the point where a
power plant is now being constructed.
Grating plant. Mr.. Gould, he believed,
would certainly be a bidder for the prop
ertyin the event of a sale, and he would
probably prove a strong competitor
against Mr.. Fisher at sale OF the
properties. "a
Quiet c Conferences.
r,l,oE ofS ,raof ard MN.
lished paragraph to the effect that on
"Wednesday Mr.. Frank ]. Gould had
met in that city and conferred with sew
eral Richmond street railway men,, but Il
did not give the names Of the other
confeIees Diligent inquiry in this city
yesterday failed to disclose the identity
of these business men, 1t being evidently
the purpose OF Mr.. Gould and his friends
to keep his movements and plans secret
from he Fisher interests. It was learn
ed yesterday that Mr.. Miles M Martin.
general counsel, and Mr.. Fritz Sitterding,
president of5th Virginia Passenger and
Power Company, we're both out Of the
city, bur whether or not either or both
was or were in Washington, could not
be ascertained. No one who knows Just
whether they were or not will state
Nor could the purpose Of the conference
be definitely ascertained. OF course, t
related to tho affairs of the street rail
way companies and to the receivership
now existing and the one in prospect
for Judge Mullen will to-day name a
receiver of receivers. *
Judge Edmund Waddill, Jry OF the
United States Circuit Court, who named !
the existing receivers, returned to the
city yesterday from the Rockbrldge Alum
Springs, but 1t is not thought that his
presence here has any connection with
further procedure in the receiyership
matter. IA "a