The Virginia enterprise., 1909-10-22
STREET RAlW WAY AGAIN A POSSi8nITY

STREET RAILWAY AGAIN 4 POSSi8nlT)
Duluth sad CHICAGO Parties Make 40
plication to City Council for
FraaChise.
The present and prospective i'm
portance of Virginia as the CONNER.
cial and industrial center of the
range continues to attract the dol.
lar of solid investment seeking a
location where its earning capacity
is not only assured from the outset
but where it's future value is en-.
HANGED by the constant improve.
ment of surrounding conditions. 1t
therefore, despite the fact that Vir.
ginia has passed through one un-
successful filtration with a street
railway franchise, seemed natural
that capital should again be attract.
ed by the offerings of the range,
with Virginia as a central point, for
a street railway proposition, and
that the proposition appeals to the
promoter and capitalist was again
evidenced at the council meeting
Tuesday evening when +. NJ. Prin.
die, of Duluth, representing Duluth
and Chicago capital, made formal
application for franchise, among
those named as guaranteeing good
faith being ". NJ. Prindle, the we'll
known Duluth promoter, and w. D.
Chapman, a Chicago capitalist who
is heavily interested in street rail.
ways at various points throughout
the east.
According to the plan as outlined
by Mr.. Prindle his company would
make Virginia the range headquar-
ters. extending to the east end cities
-Eveleth, Gilbert, Mckinley, BIZ
wabik and the intervening mining
locations. For the present the CON-
pany would not attempt to connect
with Hibbing. the west end village
being tied up with an existant fran.
chise and couple of blocks of rails
on which the holders set too high a
commercial value, but it is antici-
pated that the proposed line will
eventually either connect with a
west end system or extend the en-
tire length of the range.
The promoters have the financial
backing for the system at their
command but naturally prefer to
interest local capital and to that
end will, provided franchise is oh.
tanned, offer block of the stock for
the consideration of local investors.
The council after due considera-
tion of the matter suggested to Mr..
Prindle that his company formu-
late and submit to the body the
form of franchise desired, and as
surance was given that same would
be before the council at either the
next or succeeding meeting.
The city attorney reported to the
council that he had been rendered
a conditional deed by the Presby-
terian Society, through Attorney
Osborn, of the manse property in
Block 43 which was condemned for
park purposes, the conditions stip-
ulated being the right of retainance
of possession and use of the prop
erty pending the completion of the
new manse to be erected by the So.
ciety, and further that in case the
property was ever diverted to any
use except that for which it was
condemned the title thereto should
revert to the Society. The council
could not see its way to accept OF
this latter condition, but authorized
the execution of lease to the prem
ises until May 1st next for the sum
of $l.00. City Attorney Shea was
instructed to demand a deed in
proper torn for the transfer OF the
property.
The motion passed at former
meeting turning down the bid of
the Austin Western company for a
Western road grader was reconsid-
cred and rescinded and the clerk
and mayor were authorized by res
olution to enter into contract for
the purchase of the machine.