The Mathews journal. (Mathews C.H. [Court House]) 1903-1937, 1910-10-20
VIRGINIA TRACTION
LINES CONSOLIDATE

WASHINGTON, D. c. Special
Meeting simultaneously at Mount
Vernon. Rosslyn and Falls Church
the officials of the Washington, Alex
andria and Mount Vernon, the Wash
| ington, Arlington and Falls Church
and the newly chartered Washington
Virginia electric railways Wednesday
afternoon took under consideration
the proposed merger of the three
roads: That the result of the indi-
Wdual conferences of the directors Of
the roads was favorable to the ANAL
gamation is known, but the official.
| refuse to make public the definite
plans Of the new concern until details
of new bond issue and administra-
ton are fully decided upon.
G. p. King, of Philadelphia, presi-
dent OF the Washington, Alexandria
and Mount Vernon line, will be the
| president of the new organization
and the board of directors will in
clude most of those now acting in the
same capacity for the three lines.
The central offices of the company
viii be located in Washington IT is
stated. and the future plans Of the
company include the building near
| Washington or in Alexandria of car
shops of sufficient size to not only
repair the cars OF the lines, but build
new ones.
The merging of the roads, while
not directly affecting any but the
higher officials, is stated to be the
hrst step toward a future consoIida-
ton with the Gould interests, who are
now building electric lines from Rich
mond to Washington
The Gould road is already in opera -
! tlon from Richmond to Ashland, and it
IL stated that surveys have been made
Tor entrance 10 Washington over two
| routes. The Goulds will either gain an
! entrance TO the city through OccoQuan
where they have already acquired eX
| lehslNe water power rights, by means
OF the existing tracks OF the Washing
ton, Alexandria and Mount Vernon TO
alexandra, or through Manassas
where connection could be made with
the Washington, Arlington and Mount
Vernon line. The identity of these two
lines is practically the same. as the
rams church line was in 1908 leased
year term.
Virginia Opened Up.
Local gossip credits the Gould inter
ests with the idea of opening up a di-
rect pathway TO the Valley OF Virginia
between the Potomac and Occoquan
establishing at fredericksburg and Oc-
c0quan large electric power plants, and
placing a comparatively we'll settled
section OF Virginia in direct communi-
cation with Washington. The only eN-
isting means Of transportation now is
bN steamship and stage lines, and the
value OF such an opening to Washing
ton il unQueSuOned.
The Washington, Arlington and Falls
Church Railway Company is under cap
italiZation of 100000. with outstanding
. and per cent bonds amounting in
total to $4,000. The lessee Of this
road, the Washington, Alexandria and
Mount Vernon Railway Company, is
capitalized at $4,000 with outstand-
ing bonds amounting TO $4,000, 900. Con-
siderable local capital is represented in
the holding hrst named company with
a majority of the stock of the latter
held by Philadelphia and Northern can
italistS. One of the first movements Of
the new company is said to be the issu-
ance of about $4,000 of new capital
stock with which TO double track the
line to Falls Church and Fairfax.