Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-12-22


nun,ber-had consented in writing to
the dissolution OF the corporation, and
the commission Immediately entered an
order declaring that the stood
dissolved. The company, however, has
a period OF three years in which to
wind up its affairs.
TRACKS MAY DE- TORN UP
IN THE NEAR FUTURE
No definite statement as TO the future
OF the line could be had last night. 1t
was reliably stated, however. by an
officer. who declined to be quoted,
that unless the properties were sold in
tho near future the railroad would be
torn up Current rumor in the down
town section was that a new por
over tho road. but no verihcation of
this report could be had.
Engineers did not believe. even con-
siderins the extremely high prices pre-
vailing for steel rail and copper, that
the mpa could realize enough from
the sale of its properties to liquidate
It's claims. They point out. however,
that the line was built on an extremely
low grade. and with standard-gauge
track. allowing its use as n steam road.
The ~company's greatest loss. they
thought. would be the concrete viaduct
in this city leading into its station.
across the Bacon's Quarter Branch
Valley. which is too narrow for
vehicular traffic.
Commemorative Attorney Beverly,
OF Henrico County, examined the COM
pany's petition yesterday afternoon on
behalf of the Henrico County Board of
Supervisors. and said that body would
act il thero was any action that could
be taken. Il was doubted. however,
IL there were any steps that could be
taken by the supervisors.
HAD NO OPTION UNDER
Underwater DECISION
The Virginia Supreme Court. in the
Tidewater and Western case. recently
held that the State Corporation Com
mission had no authority TO prevent the
dissolution Of a corporation when all
OF its stockholders gave their consent
in writing. The appellate court also
set up the principle that no corporation
could be forced to continue business
when it was able to show it's opera
ton was at a loss. Under this ruling,
the Corporation Commission. members
said. could take no other action than
the granting of the dissolution order.
Patrons of the line will be hard hit
by the discontinuance OF service.
Many of them bought homes in the
suburban ountry chiefly because of the
service rendered by the railroad. They
,t1 - 1-1l1~l ko ys,,- -
and enjoy the many benefits of country
life, at the same time having a quick
frequent. service to n from the city.
They Travelled or the line twice daily.
and are entirely dependent upon the
railroad for a means OF travel.
MANY COMMUTERS
WITHOUT ACCESS TO CITY
Officers of tho State Corporation
Commission were flooded yesterday af-
%ternoon with citizens seeking informa-
ton as to how they would travel to
and from their homes in the future.
but. naturally, no advice could be given
them. The only solution OF the prob
lem last night was the suggestion that
a jitney line be formed to handle the
people. The roads leading into Rich
'SiN atS AZ " NC III pOOE CONDITION,
in places, for such service.
Dissolution OF the company will also
prove detrimental to Ashland, it is be-
iieVed. in addition to working a hard
ship OH many residents Of that town
who earn their livelihood in Richmond.
Excellent service between this CITY and
Ashland is furnished by tho Richmond.
Fredericksburg and Potomac railroad,
but trains are not operated as ire
quently as they have been by. the cleo
trio line.
The Hermitage Country Club and the
Suburban Club will both suffer by the
discontinuance Of trains on he electric
line. but members still may reach their
round over the lines OF the Virginia
hallway and Power Company to Lake
side. This service is much slower, but
a thirty-minute schedule is maintained,
and will answer all demands in the
emergency. 3
REALLY OWNED ny GOULD
AND STREET CAR INTERESTS
The company was organized January
q, 1905. with a capital Of S25. 0O3. Its
officers are George II. Taylor. president,
OF New York; Arthur w. Kelly. vice.
president. New York, and g. B. Will
liams. Of Richmond. secretary and
treasurer. Only tvAnty.dyo sharea NJ