The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1908-07-11
Mt. Vernon Railway Inter
ests Have Not Acquired
Other Road.
NEW EQUIPMENT
WILL BE BOUGHT
Receivership Ended and Reorgani-
cation Announced-Will Continue
TO Use Present Station.

At conference held today between
r 4. Chester, ]. W. Rich. and the in
terests they represent IN the control Of
the .reorganized Washington, Arlington.
and Falls Church Railway Company. II
was decided that the executive head
quarters OF the company viii be moved
TO Ballston, Va. The offices will be
opened next Monda morning.
Mr.. Chester is president Of the COM
pany. and Mr.. Rich secretary-treasurer
Although Mr.. Chester would not divulge
the identity OF the capitalists for whom
he is acting. he said positively they are
not connected with the Washington,
Alexandria, and Mt. Vernon Railroad
Company. denying the reports to that
effect.
Questioned as to who will constitute
the new board Of directors Mr. Chester
said he was not at liberty TO give the
names at present, but admitted that G
S and g. r. Hinchman. OF Philadel-
phia. who formerly were the principal
owners Of the property. will be repre-
scented on the board, either in person
or through agents
To Buy New Equipment.
New equipment will soon be added
7.
the new management will possibly re-
suit in new acquisitions TO the property.
The desires Of the patrons, he said, viii
be studied and met.
The announcement Of the change In
the mana cement OF the road was
made the same day that the receiver
ship was dissolved by Judge Edmund
Waddill jT., of the United states Cir
cult Court The property was form
ally delivered 10 the new owners, rep
resented by Mr. Chester, yesterday
Mr.. Chester is well-knOWn business
man. formerly first vice vice president
OF the Commercial National Bank, OF
This city. J. ". Rich Is an eXpe-
rienCed street railway operator from
New York State state, with especial
knowledge, according 70 Mr.. Chester,
OF suburban lines
The Washington, Arlington, and Falls
Church railroad had been IN the hands
Of receivers for many months Pari;
Agnew and Mayor Charles Hine have
had charge OF the roads operation dur
ing that time. Mayor Hine and Mcssrs-
Chester and Rich took trip over the
property yesterday, not returning 10
Washington until today.
To Use Mt. Vernon Station.
The Mt. Vernon station at Twelfth
street and Pennsylvania avenue, Il is
understood. will continue to be the prin-
cipal terminus Of the line In this city.
one Of the changes already decided upon
IS that the line will buy its power from
the Mt. Vernon railway.
The capital stock of the company is
100000. The HinchmaEs owned about 90
Ter cent OF this and about S41l.U0O of the
bonds Of the company The remainder
of the stock was owned by r. II. Phil
lips, OF this city. and the company also
had a floating debt Of about 100000
Just how much stock and bonds these
men disposed Of 20 the new owners IS
not known.
The Falls Church line touches this
city at two points, at the Mt. Vernon
station and at Rosslyn. The line has
Il t-aCkage agreement with the Mt.
Vernon line. by which 1t enters the
city over the tracks OF the latter com
pany. The road has about twenty-five
miles OF track running from the Poto-
mac river 20 Falls Church and FairfsX.
Va The western terrninum Is At
Vienna. a few miles beyond Falls
Church.
There have been many complaints
about the schedules and general man
SCement but the new owners say the
viii remedy all defects.