important parts of Los Angeles. They built lines west of the city on Pico Boulevard, to Westlake Park, and to Rosedale Cemetery; south on Central and Maple Avenues and to the University of Southern California and University Park; north and east to Highland Park and East Los Angeles (now Lincoln Park), to the Evergreen Cemetery, and to the Southern Pacific and Santa Fe depots. In the beginning, LACE competed with an existing cable railway, the Pacific Railway. When the cable company passed into bankruptcy in 1892 because it was not able to compete profitably, LACE purchased the bankrupt company. By 1893 LACE operated 35 miles of electric lines, 14 miles of horse-drawn lines, and 21 miles of cable lines. In 1895, after the company missed bond payments, Sherman lost control of the Los Angeles Consolidated Electric, though he continued as a director and held a large stock interest in the company. The new company, now controlled by the bondholders, was renamed the Los Angeles Railway, and would be sold to Henry Huntington and his associates in September, 1898, ultimately becoming the famed "Yellow Car" system. The First Interurban Lines - While LACE was growing, Sherman and Clark began the first steps of what would become an interurban network. In April, 1894, after acquiring horsecar lines in Pasadena, they incorporated the Pasadena and Los Angeles Electric Railway Company, Southern California’s first interurban electric railway, which in May, 1895 connected their newly electrified lines in Pasadena to the LACE system serving Los Angeles. In November, 1894, they incorporated another new interurban company, the Pasadena and Pacific Electric Railway Company, designed to connect Los Angeles to Santa Monica. After acquiring five existing railroads, they reconstructed an older steam line to reach from downtown Los Angeles to Santa Monica via Colegrove. In 1896, at the junction of his Pasadena and Pacific streetcar line and what would become San Vicente Boulevard, just west of Hollywood, Sherman acquired 5.6 acres of land and built storage yards and car barns, naming the area called Sherman. A town grew up around the facility which would evolve to become the city of West Hollywood. The Los Angeles Pacific Railroad - After losing control of LACE, the pair focused their attention on expanding their lines between Los Angeles and the beaches. After losing control of the Los Angeles & Pacific in 1897, in June, 1898 they reorganized their remaining lines