File:The street railway review (1891) (14758178204).jpg

Identifier: streetrailwayrev02amer (find matches)
Title: The street railway review
Year: 1891 (1890s)
Authors: American Street Railway Association Street Railway Accountants' Association of America American Railway, Mechanical, and Electrical Association
Subjects: Street-railroads
Publisher: Chicago : Street Railway Review Pub. Co
Contributing Library: Carnegie Library of Pittsburgh
Digitizing Sponsor: Lyrasis Members and Sloan Foundation

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e stock and bonds of the minorityholders within thirty days at the rate agreed upon shouldthey wish to sell. The stock of the company is $180,000, and the bondsamount to $150,000. The road was built by local capi-tal, but a controlling interest was sold to the Philadel-phians some years ago, one-fifth of the stock and bondsbeing retained. It is said that the Baltimore holders declined Mr. Per-rins terms and are negotiating for a higher price. ThePhiladelphia holders it is stated closed the deal at $109,-500 for their holdings, or upon a basis of $140,000 forthe entire issue of stock and bonds. By an original deed the minority holders are said tobe able to demand a sale of the road for the protection oftheir interests, and the road is advertised to be sold atpublic auction March 21. Mr. Perrin is in hopes toadjust matters before the sale, if not, he has an oppor-tunity to buy at the sale, and to pay the Baltimoreanstheir pro rata share of the purchase price. ^te^^il^t&^^^^^e*^- 131
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ma UNDERGROUND FEED WIRES FOR ELECTRIC RAILWAYS. A paper by y. B. Craven, read before the JVational Electric Light Association, at Buffalo. UNDERGROUND construction for railway useis becoming every daj^ a more prominent fea-ture of railroad construction. Overhead mainsand feeders will not much longer be tolerated,especialh in larger cities, where already the commoncouncils are making it part of a railroad franchise thatfeeders, at least shall be buried. The trolley wire, beingbare, is of necessity left overhead, as safer and moreeconomical, but it behooves us to meet this populardemand of placing all wires possible below the surface,otherwise, we may be compelled to put the trolley wireitself there. Such an order would put the electric rail-road industry back for quite a number of years, for notonly would it be expensive, but, to my knowledge, nocommercial underground trolley sjstem has jet been puton the market. Underground construction for railroad use brings usmany problems to solv

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