The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1911-06-02
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the Southern Fraction fsnpans
ThesN Surveyors arr Aea hef@een
HiNsbare end Waco aud are espet-
ell to reach ihif ett sbbfif
A new bridge s iu b. buln 9ofosH
tir ufnsos river and the lulefufhan
ilue aili como iH over this bridge
shile linr of streei railway eiN
also be- buii uso Eas' Naso Peg the
nea comppn1
o. b. likewise understood that
there aiil b. general bettcrwent
aud necessary extensions of che
street railway system Ia this eltf
President strickland Of Daila
came to Waco yesterday afternoon
aud met the directors OF the com
pauy BOB Waco At the New State
house. fourth floor o. 4 O'Clock iu
abe afternoon the meeting lasting
uugH night
Ho Informed them that the deal
had been consummated whereby the
plants hore would be taken over anC
of the contemplated improvements,
aud conferred with them relative 30
certain matters in connection with
the deal They bad been previously
advised that It was pending aud
their advice regarding the matter
| had been asked and given,
A telegram Was yesterday after
| noon received BY President Strick
| land from President J II Bough
ton OF the Citizens Street Railwa.
company. in which it was state
that the deal had been eonsummal
ed and everything was all right. Tn
deal has really been pending 70
several months. and hints have beel
lelven In these columns that some
thing was doing in this direction
but OF course the inside facts ant
| the actual purchasers were KEEP
close There we're other bidders Tor
| the property. giving rise 10 rumors
that the Stone & Webster people and
others might secure the property
but the Southern Traction company
interests made the landing and Sc
cured holdings which they will find
immensely valuable and growing
more so every day
II II. Shear, one of the Waco d.
ractors. was the first one TO confirm
the sale locally this morning and
later others of the directors did the
same
Mr.. Shear said that the Southern
! Traction company would act as a
holding company for the present
until a new company could be or
ganized to take over the street rail
| way here, the new company OF course
| representing the Southern Traction
| company and giving corporate ex'
! istence to the plant here.
| The light and gas companies VIII
! take the same course, and Will be
segregated from the street railway
company, though the street railway
/ company, though of course controli'
ed BY the purchasing interests the
management will be made local III
each case, and men will be on the
! ground in Waco vested with the
power to do things which may be
needed to be done, thus insuring
desirable condition of things for the
| future
The management for the immedi
ate future will be in Dallas, OF ne
cessity, but this is lot nearer thar
St Louis, and as soon as the hold
ing companies turn the properties
over to the new companies whicf
are to be formed, Waco Will be th'
basis from which things will be con
Quoted.