Evening journal., 1911-01-14

BUY in TROLLEY
Delaware City Extension Pur-
chased Today on Bid
Of $4,000
NEW WORKERS DON'T
WANT THE PROPERTY

Robert H. Richards representing the
road bondholders, bought the trolley
line between New Castle and Delaware
City today for s25,OO0. The road was
sold under an order Of the Court OF
Chancery on foreclosure proceedings
of a mortgage held by the Security
Trust and Safe Deposit Company Of
this city. trustee.
Mr. Richards was the only bidder.
In accordance with the order of the
Court of Chancery no one could bid
unless he had deposited $4,000 with
the receivers The only one to do so
was a representative OF the bondhold-
ers. The road is bonded for S125,000.
Previous to the sale, Herbert IL.
Ward representing the purchasers of
the Wilmington and New Castle lllec-
| trio Railway, announced that the
| double truck cars and freight car men,
/ toned in the order of sale and oper-
ated on the lower division, were pur-
/ chased when the upper end Of the
equipment were sold two weeks ago
! Mr.. Richards, on the other hand claim
ed the cars are covered by the lien
under which the lower end Of the line
was sold today. Chief Justice Penne-
will in all probability will sit in the
i Court Of Chancery on next Saturday
to confirm the sale.
\ Why New Workers Wouldn't Buy.
When asked why the New York in.
terests which had bought the uppel
end of the road did not bid, J. u. Wal
lace, representing the New Workers
said: Buying properties that have n'
ability to produce net earning. as
take it. is not an attractive PROPOSE
ton to anybody. The property sol'
today was that of the old New Castl'
: and Delaware City Electric Railwa.
Co. and never consisted of anything
p further than a track and a trolley
, When one understands that to keel
the property in operation cars must b
= bought and a large amount Of none
- spent on the road-bed across marshe
r. below New Castle, independent q
o any expenditures to put the prOpeft
A in a reasonably creditable condition,
. think Il will be- apparent why an
: management Of the line from here
New Castle would greatly prefer
). shift to other shoulders the respons
] biHtv for operation of tho Dclawal
! h City end"
. Following the operation Of the Ne
70 Castle line a new company was II
corporated to build the lower end
the road. a park was opened at Ri
erside and the round trip became vel
popular thereby making the lin'
profitable as under the title of u
Wilmington. New Castle and Soutl
ern Railway Company the roads we
merged.
On Saturdays and Sundays duriI
o the summer the cars carried over a
passengers an hour. The travel WI
particularly heavy between New Ca
tic and Wilmington as fully 400 me
from that city worked in WilmingtC
and used the cars. Travel betwe'
Delaware City and Wilmington co
tinued to be heavy until the Red Liz
marsh became flooded and then d
= cars were blocked Thousands
of dollars were spent in improvement
s, across the marsh but time and tir
again the high tides washed the b
10 Of the line away. Finally piling we
~ driven along the bank at great C
,s pense and a crib built to protect
ne tracks.
10 AS the New Castle line owns {
T. power house and cars the lower e
n of the road cannot be operated M
ne without some arrangement with {
he New Castle parties.