The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-15
BLUEMONT ROAD
CHANGES HANDS
Is Leased for Fifty Years by
Southern Railway to Elkins
Interests.
MAKE IT ELECTRIC LINE
Corporation Commission Asked
to Approve Bond Issue
of So, 100000
MAKE IT ELECTRIC LINE

! Interests supposed to be in the main
those of the estate OF the late Senator
Stephen B. Elkins. under the name OF
the Washington and Ole Dominion
/ Railway. have leased for term of ffty
years from July l. 1912. the Bluemont
branch of the Southern Railway. 1t Is
und erstood that the line Will be electri-
fed as soon as possession is given.
The property involved In the lease
| Is the steam railroad between Alexaa-
dria and Bluemont. In Loudoun county.
adjacent to the West Virginia line, a
distance of thirty-nine miles. Techni-
cally the line runs from a point 900
feet west of milepost No. l, just out of
the city limits OF Alexandria The
Washington and Old Dominion IL also
given the right to use for terminal
purposes, but jointly with the South
ern, all the tracks. station buildings
and other appurtenances of the South
ern and Alexandria.
This lease which Is dated Novem-
Der Is, 1911. came to light yesterday
morning. when application was made to
the State Corporation Commission for
| permission TO 'ssue bonds 20 the aeGre-
gate amount of s2.500.0O0. pays BILE
thirty years after date. With this ap-
plication were filed copies OF the lease
| and other details OF the transaction.
The Bluemont Division of the South
ern taps a rich country tributary to
Washington. and has been supposed to
be paying proposition. Its electric
alton follows out the tendency To SO
treat the various lines which run into
the capital city from nearby points.
The :ndenture sets forth that us-
! sent was given to the lease by the
Company at the annual meeting held
n ~ In ", a "a
not given out al the time.
For the first five years of the fifty
year term of the lease, the Washing
ton and Old Dominion Railway agrees
to pay the Southern Railway the sum
OF $4,000 per year as rental: for the
second five years. s57,500 per year for
, the third Ave years. $4,000 per year;
for the next fifteen years. s55,ooe. and
for the last twenty years, 100000 per
year. For joint use of the terminals
the new company agrees to pay per
cent annually on G set valuation of
the property TO be used which Is plac-
ed at $12s.1393s.
The lease includes all rights of way.
roadbed. track. bridges. side tracks.
switches, spur tracks, turn outs. turn
tables. lands, yards. depots. stations.
water tanks. yves. coaling stations,
| pumphouses and all sbrts of builaIn ,
maintaining or operating the line also
such telephone lines and wires and ap-
( planes on the devised premises own
! ed by the Southern and located on tka
property, subject, however, to any
lease held by the Western Union Tele-
graph Company. But the lease does
not include any locomotive engines,
cars, or other rolling stock, nor sup
plies and current material for the re-
pairs of tracks and buildings.
In the event connection track is
built and completed prior to July /.
| 1912. between the present line OF the
| Great Falls and Old Dominion Rail-
| way Company. now operated by the
lessor. and the Bluemont branch. tho
lease becomes effective at once.
The Washington and Old Dominion
| has acquired by deed. dated May 10,
| 1911 the lines of the Great Falls Com
pany, which comprises the track he
tween Thirty sixth and NJ Streets. in
Washington. to Great Falls. distance
of 1419 miles. running over the Acque-
duct Bridge 1t Is proposed to connect
this line with tbs Bluemont branch.