The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-16
TIDEWATER GOES
TO new YORK CO.
AT AUCTION SALE
Agreement Reached Be-
tween City And National
Power And Light Body

Finally voting to change the fran
chise of the Tidewater line to permit
the service being separated into two
independent divisions, the city COM
mission made possible the sale of the
Tidewater properties which were bought
at public auction by the National
Power and Light company Tuesday
afternoon at o'clock. The price was
$750,000 plus the bonded Indebtedness
of THE Tidewater, 81 ,675, 600, or an OBJ
legation Of $2,425, 900.
The sale was specifically made con-
tingent on the city of Birmingham
formally arranging for the change of
the franchise and other agreements to
be officially, put through before Satur-
day. This the commission has agreed
to do
j. $. Pevsar: special slea{ for the
federal court w. b. White, Attefney
for the receivers, and F.B. Odlum, vice
presidentYof the National Power and
Light company, will appear before the
Alabama public service commission in
MONTGOMERY Wednesday for that body's
approval of the sale of the Tidewater
and Birmingham Railway, Light and
Power company properties to the Bir-
mingham Electric company, local repre-
sentative of the National Power and
Light company of New York. Approval
is anticipated.
To Release Pevear
As soon as the approval of the sale
is granted, Mr.. Pevear expects to be re-
leased from the receivership Of the old
properties by the federal court, by
Thursday.
There are several important details
in connection with voting to change the
franchise of the Tidewater, in securing
which Commissioner w. L. Harrison
took the initiative, it is said. The de-
tails are as follows:
1. Settlement of the First avenue paw
ing controversy by the abandonment of
the parking plan. First avenue will be
paved by the purchasing organization
from Fprty-first Tor Spring. street,
AvOndale, eastward, to Fifty-seventh
street.
2. The Avondale and Avenue G lines
will run out on the present Tidewater
tracks from Forty first street on Avenue
ID (AVondale) to FOrty-fourth street.
8. The giving by the purchasing COM
pany to the city Of a p-omisory note
for $4,000, bearing interest, for one
year, at D per cent TO De palu IOr OUT
Of earnings of the company, as payment
for changing the franchise and as "a
mark of good will to the city"
1t is said this demand for $4,000
came near wrecking the negotiations,
but at the instance of Messrs. Odlum
and r. H. White, representing the pur-
chasers, it wars granted.
After being informed Of the $4,000
payment, Mr. Odlum, who did not at
tend the meeting, said it was the de-
sire Of tho National Power and Light
company to establish the most friendly
relations with the city and to convince
the public of the organizations desire
to cooperate with Birmingham.
Changes in the Tidewater line will
be far more pronounced that was at
first contemplated. The eastern division
viii be revamped to great extent Com
ing in from East Lake the Underwater
cars will travel on Sixty-eighth street
from Underwood avenue to First ave-
nue., three blocks, and on into the city
on the rails Of the East Lake line and
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