Milford chronicle., 1923-07-13
M, D. &V. ROAD MAY
Be SAVED TO PUBLIC.
Baltimore Man Says He Is Willing
To Pay $225,OOO And, With
Others, Operate Lines.
THE ROAD HAS NOT PAID
Additional Capital Is Needed-PIan
Submitted To Pennsylvania
Railroad Officials.

The Baltimore Sun on Wednesday
printed an article concerning the D.
M. & V. Railroad, which is of vital in
terest to thousands of person living in
the territory served by the road. The
article as published in the Sun fol-
lows:
A Baltimore man is willing to sup
ply funds up to point near $225,OOO
to take over from the purchasers, the
E. B. Leaf Company, of Philadelphia,
the Maryland, Delaware and Virginia
Railway, and, with a number Of asso-
ciates, operate the road.
This developed yesterday at a con-
ference held by the Public Service
Commission, Jesse Rosenfeld and Har-
ry e. Karr, of the law firm of Karr,
Hammond & Darnall.
Mr.. Rosenfeld has been working on
the Maryland, Delaware and Virginia
Railway situation ever since it was
announced that the Pennsylvania Rail-
road Company intended to have the
property sold under foreclosure of
mortgage. For a considerable time he
met with little success, but finally in
terested a man of large means in the
proposition. This man, it is under
stood, will supply the bulk of the cap
ital required to purchase the road.
Additional Capital Needed
Additional capital will be needed for
operating expenses, to obtain addition
al equipment and to make repairs, and
it is estimated that not more than
100000 will be required. The road
was sold under foreclosure of mort
gage about two months ago to the
Leaf Company for S225,O00, the Leaf
Company announcing its intention of
junking the road.
Mr.. Rosenfeld said that until it was
that the road would be turned
over to those with whom he is asso-
ciated he was not at liberty to mem
ton the names of the men who would
put up the money.
Ifthe road is obtained, Mr.. ROsen-
field said, it would be operated in the
most economical manner possible, and |
be believed that ultimately it could be
made to pay a reasonable return. He
added that it was intended to increase
he service and, except for the long
'uns, gasoline engines would be used
or the motive power.
Understanding Sought
Before and since the sale the Pub
ic Service Commission has endeavor-
ID to reach some understanding with
he general officers of the Pennsylva-
ia by which the road would be con-
inued in operation, notwithstanding
be sale, and an agreement to continue
t least a portion of the road in oper-
tion nearly had been reached when
Ir. Resenfeld submitted his PROPOSE '
ion.
The offer was transmitted yesterday I
y the Public Service Commission to {
[. G. Tatnall, vice-president in charge i
f finances Of the Pennsylvania Rail- {
DAD, and also to the E. B. Leaf Com {
any. To each was sent a copy of the
stter written to William M. Maloy, a
hartman of the commission, by Mr.. c
arr, as attorney for those interested b
/ maintaining the property as rail- d
bad.
Terms Are Explained c
In his letter Mr.. Karr, after detail \
lg what his clients propose to pay y
nd what they expect to receive, Il
axes the following statement: n
"In making the above offer it is i
by my clients that if they Il
'ceive title to the property it will be
CONTINUED on page 12) d