Talk:Point Ellice Bridge disaster
Latest comment: 14 years ago by 67.86.75.96 in topic company
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company
editWhat was the relation between "The Consolidated Electric Railway Company" and the British Columbia Electric Railway? The map at BCER History shows the Point Ellice Bridge but implies that "National Electric Tramway & Lighting Company Ltd." did not have tracks over it as of February 22, 1890. 67.86.75.96 (talk) 02:34, 31 January 2010 (UTC)
- I was able to answer the question I posed rather quickly. "The Consolidated Electric Railway Company" was a receivership or holding company that was a direct ancestor of the British Columbia Electric Railway. After an attempt to renegotiate the obligations of a Vancouver Street Railway Company with the city of Vancouver failed in the spring of 1894 the Consolidated Electric Railway Company was formed by local investors and some from London. On November 22, 1895 a telegram from London informed the Consolidated management that Mr. R.M. Horne-Payne was to arrive to represent a new group of London investors who now owned the Consolidated company. Horne-Payne arrived in April 1896. On May 26 the disaster took place forcing the Consolidated into receiver's hands. Horne-Payne returned to London undiscouraged and solicited investment there. "Mr. Horne-Payne was successful in his efforts to secure fresh capital and take over the properties and assets of the Consolidated Railway & Light Company, and organized the British Columbia Electric Railway company to carry on the business. The transfer from the receiver to the new company took place on April 15, 1897.""Twenty Nine Years of Public Service: British Columbia Electric Railway Limited". 1925. p. 11. Retrieved 2010-01-30. 67.86.75.96 (talk) 03:21, 31 January 2010 (UTC)