Pine Bluff daily graphic., 1912-01-07
Deal For Transfer of Properties of Citizens Light and Transit Company Consummated in New York and Will Be Closed Here the Coming WeekH R.
 Dennis Returns Here Tomorrow.
CONSIDERATION WAS NOT MADE PUBLIC
 Railway System Several WeekTran Company Will Get New and Equipments Continue Operate Line #
 There Hitch in tie Negotiations.

lands in Jefferson, Cleveland and Grant counties, the mammoth saw mill at Clio, Cleveland county and the holdings of the Anderson and Saline River Railway Company, which operates railroad from Clio 70 Millersburg, 32 miles in length.
 On Friday A. B. Newman, head of a big banking house in Chicago, accom- panied by Attorney Ben j. Altheimer and several Chicago capitalists, al rived here and in company with James H. Allen, who represents the John F. Rutherford estate, are now at Clio inspecting the properties with view 3o purchasing an interest ih them. It is stated that they propose to purca ase the saWmill plant, timber road to Leola to connect with the Rock Island and later build four teen mile extension Eastward into Pine Bluff.
 The news of the purchase of the street railway by the Pine Bluff Cor poratiou will be good news here IS many Improvements and extensions are planned and the purchasers are in b tte1 position financially to build up the street car system and make it what it should be. The street car line has paid handsomely for years, ut owing to financial reverses be- fcre his death John K. Rutherford tbe owner, was unable to replace it, cars, make needed improvements and exlend various lines. as he originalf! planned to do The Pine Bluff Cor poration has one of the largest and best equipped electrical plants in this section of the country. an entirely new plant. 1t owns tae waterworks plant and the recent installation of additional turbine engines and othe' modern machines makes it's in every way capable of handling the addition al lighting business as we'll as fur nish more than enough power to op- crate a street car line in a city twice the size of Pine Bluff. By absorbing the plant of the Citizens Light anl Transit Company, the Pine Bluff Cor poration will eliminate its local con- petition. The sale will carry with it the city lighting contract, which is now enjoyed by the Citizens Light X Transit Company.
 If the final papers are not signed up the coming week and there should be some hitch in the negotiations. James H. Allen. secretary of the Citi- zens Light & Transit Company, stat ed last night that contracts already made with the Westinghouse people for five new steel street cars, new 75O K. w. turbine engine and other equipments, aggregating cost of $50,OO0, would go~into effect and the material shipped here immediately. The Citizens Light and .Transit CoG- pany recently placed the order with the big electrical concern. prepara- tory to making Improvements and ex- tending the street. car lines in various parts of the city. When the negoHia- tions for the purchase of the proper ties came on the contracts were heid up. If everything is not satisfac- tory to the officials of the Transit Company the coming week their orl- ginal plans will be carried out Mf. Allen has already arranged for three miles of additional trackage in Free different sections of the city.