John A Schmitt Scranton Rep 27 Aug 1898 Railroad Purchased
RAILROAD PURCHASED A Jfew Coumpnny Uuys the Wilkes Barre fc Xothern. The Wilkes - Barre and Northern railroad, with its franchise rolling stock and other equipment, has been purchased by J. W. Hollenback, E. Troxell, John Graham, John A. Schmitt, George R. Bedford, Pierce Butler and Thomas A. Barber, through the Anthracite Savings bank acting as trustee. The deal was completed yesterday. On September 10 hte purchasers will meet to reorganize the company and it is understood that the road will hereafter be operated as a part of the Wilkes - Barre and Wyoming Valley Traction system. All of the purchasers are interested in the Traction company.