Jamestown, Nov. 7. At midnight the Jamestown, Chautauqua and Lake Erie Railway became the property of S. B. and A. N. Broadhead of this city, who previous to the sale of the road by Thomas P. Heffernan, as referee, at Mayville on October 7th, had contracted to pay $457,500 for the road. On the day of the sale, the road was bid in for $30,000 by M. J. Bogue, representing the bondholders, and yesterday afternoon the transfer of the property to the Broadheads was completed. The new owners will put on electric cars in the spring.
Source: The Fredonia [NY] Censor, 12 November 1913, p. 8, Fultonhistory.com