Buffalo & Susquehanna Railroad, Buffalo, N. Y. – The abandoned property of the Buffalo & Susquehanna Railroad between Buffalo and Wellsville has been bought by a syndicate consisting of C. A. Finnegan and Theodore Hofeller, Buffalo, and Abraham Weber, of S. Weber & Son, Louisville, Ky. The purchase price was $800,000, the obligations outstanding being assumed. Martin Bogue, of Bertron, Griscom & Company, New York, acted for the committee of bondholders in making the sale. The new owners will operate the road, and it is understood experts will make a study of the traffic and transportation problems with a view of recommending the installation of electrical equipment. Included in the purchase is a 25-acre plot, fronting on the inner harbor of Buffalo and possessing 2000 ft. of dockage space suitable for grain elevators. Previous notes referring to an option held on this section by interests connected with the Western New York & Pennsylvania Traction Company were published in the ELECTRIC RAILWAY JOURNAL of July 17 and Oct. 2.
Source: Electric Railway Journal, December 11, 1915, p. 1188, Google Books.