Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-01-27
ELECTRIC ROAD DEAL
TRANSFER OF STOCK OF THE w.,
A. AND MT. VERNON.
Sold to c. P. King, but Final Object
Kept Secret-Rumors
Ahoat.

Regarding the reported transfer of the
controlling interest in the stock or the
Washington, Alexandria and Mt. vernon
Electric Railway Company from the PENN
sylvania Railroad Company to other per-
sons or corporations, the general ofcers OF
the electric road who could be seen in this
city today stated that they were without
In incarnation. They had heard the reports
before but doubted their correctness. From
statements made this morning by former
stockholders of the company in Alexandra
II is evident that an important deal Is
under way and that its contamination will
mean a radical change in the management
of the line.
All the shares in the Washington, Alex
andria and Mount Vernon Electric Railway
Company which were held by residents of
Alexandria have been disposed of, and 1t is
stated in that city on reliable authority
that the holdings of officers of the Pennsyl-
vania Railroad Company in the stock OF the
electric road have passed into other hands.
MIR. Charles P. King Of Philadelphia, presi-
dent of the electric road, Is named as the
purchaser Of the interests of the Alexandra
stockholders, who were Mr.. Park AgneW, a
director of the company; Mr.. James Il:
Cation, formerly a director and for several
years local counsel for the road, ana MT.
M B. Harlow, all of whonlwere among the
original promoters of the company Their
shares, which in the aggregate amounted 70
about 500 were sold, 1t is stated, at 40
each. or IS above par vaiue. Mea at ahejr
offices in Alexandria this morning, could
give any definite information as to the pur-
poses involved in the deal. They were not
to the report that the Capital Traction Com
many of Washington had acquired con-
trolling interest in the road.
Would Make No Statement.
Mr.. C. Jones Rixey. who is said to have
been the financier through whose hands
the deal was transacted, said that he could
make no statement concerning it without
conference with the president Of the
road. He called up Mr.. Joseph Colvin over
the telephone at his office in Washington
and asked If he had any information which
he could make public. but Mr.. Colvin re-
piled that he had nothing to say for pub
ncation.
Nothing definite could be learned in Alex
andria today regarding the transfer of the
shares which were controlled by the Penn
sylvania Railroad Company excepting the
statement made by one who was In a posi-
ton to know, that deal affecting these
shares had taken place. Neither could it
be ascertained as to Just how much of the
stock of the company had been controlled
by the Pennsylvania, but 1t was stated
that as corporation the last-named COM
pany had no direct interest in the cleo
trio road. the connection arising from the
fact that stocks and bonds OF the local
line were in the possession of officers Of
the Pennsylvania road.
Not the slightest information could be
obtained as to who were the purchasers of
these holdings, nor could the amount they
represented be ascertained. It was stated
that when the Washington, Alexandria and
Mount Vernon company was organized a
principal share of the stocks and bonds
issued was taken by officers OF the Pennsyl-
vania road