Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1911-11-02
Deal ABOUT TERMINATED
NEW ENGLAND SYNDICATE Will.
ASSUME BUILDING OF
THE NEW LINE.
Meeting Held LAST NIGHT
Result Not Given Out-UnIimited
Possibilities Opened Up If Pro-
posed Deal Goes Through.

conference was held last night in
Iulsa between the principal stock
holders of the oklahoma Uni;n Trac-
ton company of Tulsa, the Japulpa
ana lnterurban railroad of Sapulpa.
and w, c. Eakin. representing Thomas
NeVins Sons, prominent Wall
street banking company of New Yor'.,
winch viii probably result in the most
gigantic electric interurban deal be-
Ing completed that has ever been pro-
posed in Oklahoma.
IL the proposed deal goes through,
well-known syndicate of New Eng
land capitalists will take over the Ok
lahoma Union Traction company and
the Sapulpa and Interurban railroad.
operating an interurban line from Sa-
pulpa to Kiefer. The Immediate re.
suit VIII be the building of an inter-
urban line from Tulsa to Sapulpa.
there connecting with the line to Kei-
fer, and constructing a line to Ok
mulgee, where connection can be
made with the interurban now being
puilt by Ex-Governor Haskell from
Muskogee to Okmulgee.
VIII Have Plenty Capital.
The new concern will he hacked by
unlimited capital and prepared to do
stupendous amount of road building
through the eastern part of the state.
They Will maintain general offices
and headquarters In Tulsa.
Mr.. Eakin, who is representing the
New York banking firm, accompanied
j. w. Orr, prominent stockholder
In the Oklahoma Union Traction, from
New York. where Mr.. Orr has been
for the past two weeks arranging de-
tails of the new deal
Conference Result Not Known.
What the result of last nights con-
ference was will not be given out
just yet, but the full details of the
deal will be forthcoming In a few
days.
Among those present at last nights
meeting were A. A. Small. president
Of the oklahoma Union Traction
company; j. w. Orr. j. Lyle Orr, +.
Letcher, Tom White and other stock
holders of the local company, Birch
G. Burnett, president OF the Sapulpa
and lnterurban railroad; Bates B.
Burnett, heavy stakeholder; general
Manager r. V. Miller. and Virgil
Hicks, attorney for the company.
Opposition Is Quietcd
Reports from Sapulpa last night
that all opposition to an interurban
from Tulsa entering Sapulpa, which
had sprung up since A. A. Small first
talked OF building such a road would
be pushed aside If the new deal goes
through. That town is waiting with
open arms the completion of road
80 Tulsa, and the news of the new
dcil has created much excitement
there
According to "a statement published
in Sapulpa paper las night. tho
Of the interurban from Kelfer
to Okmulgee Is assured whether this
deal goes through or not, as bonds to
the amount of two million dollars
have been floated by the Sapulpa and
lnterurban to construct the line, the
money to be paid as each mile is
at the rate of $4,000 per
mile.
Deal VIII Mean Much.
If this deal Is pushed to a success
'ul completion. 1t opens up unlimited
possibilities to Tulsa. 1t will al once
put this city In close connection with
Red Fork, Taneha, Sapulpa, kiefer.
Noundg RapUu and Dlf fr,,,tIuoa IN,