The Washington times., 1912-09-24
MERGER PLAN IS
HIDDEN BEHIND
DUMMY CAR LINE
Officials of Local Corpora
tons Do Not Appear
in Charter.
CONTINUED from First Pase.)

tSohtuutu AIoHi ThkO.l
irksome to the owners Of this most
valuable charter is that II is neces-
sary that the principal office should
be in Alexandria.
Having exhausted the numerals In
granting favors, the State of Virginia
then resorts TO the alphabet. Herr
r"B"-To take and. hold such volun-
tary grants of real estate and other
property as shall be made to aid in
operation Of such railroad. Its terminals
and appertunances.
Other Rights Granted.
"C'-ro purchase. lease. otherwise
acquire. hold and use. such real estate,
or other property as may be necessary
for the construction and maintaincncc
Of railroads. its terminals. depots, sta
tons, and other accommodations neces-
sary to accomplish the objects Of its
But citisens Of the District Of CO.
lumbia Will be more than surprised that
the state Of Virginia was perfectly
willing to permit this great little cor
poration to 20 Into the District Of CO.
solidate with anything anywhere. .un-
der the laws Of the United States"
This section Of the charter. labeled
e." permits OF anything. It ought
to make the charter invaluable to any
one ,I seeking S.I to start anyshins anywhere
any kind Of business. except counter
feiting and robbery. not excepting the
distilling business.
The Unusual Provision.
..To consolidate ~,tth ar ,,,nrvo tpto
itself. or purchase. or to lease the
works. property. anS franchises or any
part thereof. OF any railroad incopor-
ated under the laws Of this State or
unbia, or Of this State and another or
other States. or under the laws OF the
United States. or any works. property.
and franchises. or any part thereof,
for rsr SS f Ies.. the
works, property. and franchises, or any
part thereof to any such corporation
chartered undo o osanized under the
laws OF the State OF Virginia govern
ing such mergers, sales. consultations.
and leases"
The usual provision for condemnation
Of necessary property is provided for.
And then. Just by way OF no harm.
eral electric lighting and power COM
pany, should Il decide to operate the
little proposed Virginia road by cleo
trio power.
Then come the signatures OF the ad-
mitted dummies. Alexander Suter
! tseaD; Samuel l.. Monroe (seaD; O..
Washington Lewis (seaD; III. Noel Gar
ner (seaD; Gardner l.. Boothr (seaD
Richard b. Washington (seaD, and J.
| Randall Cation (seaD.
! The little .miliion-dollar miximum and
| hundred-thousand minimum corporation
was chartered. its powers were dis
| tinctly specified, and yet not limited,
and then, on February q, 1872 the cor
| poration was given a certificate OF in
crease in capital stock to 10000 900. and
| later II had In it's treasury thousands of
| shares OF Railway common on an aver
| age somewhere around $50 share. with
f95 as about the maximum. and 81 thu
minimum price on the block and thu
way for the uniflcatlon was paved with
good intentions.
Dummies Have Retired.
Alexander Suter. signed this applica-
ton for increased capital as vice presi.
dent. the real president being in Penn
sylvania. Since then practically all OF
the dummies have quit. and real direc.
| tors have succeeded. Nothing has beer
accomplished, save the accumulation OF
stock In the Washington Railway and
I Electric Company.
A leading director. next to the head
Of the Capital Traction Company. did
make the statement that the st ockhold.
| ers o fine corporation would sell out Ia
| the Maryland-V Virginia at $3.50 a share
cash-not dollar OF interchange of cap.
ital in the big corporation for stock Of
the Capital Traction Company.