The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1902-05-08
Northern Trust Company Refuses to
Cash the Coupons OF Street
Railway Bonds.
HAYNES AND CLAUSEN OUT.
Organization of the New Company Leaves
the Chicago Promoters Outside of any
Money Made in Kenosha

otAAGh Liza uCS3 t1lC AAl1GdSO OK"
alderman who assisted B. ]. Arnold
into Kenosha as a street railway mag
nate, was IN Kenosha today and Pat is
exceedingly warm under the collar.
Thursday Pat, who had not heard Of
the decision of the Supreme court on
the street railway injunction suit, ap-
peared at the office of the Northern
Trust company in Chicago and Selling
a long pair of shears Pat worked long
and hard to cut the coupons off the
backed by the Kenosha Street Rail-
way company.
Then Pat walked to the window
with the self assurance of a b1oated
bond holder of many years sta nding
and poked the coupons, which we're
really prettily printed and looked very
much like the coupons cut from oil
stock which is issued for sale and not
for redemption, through the window.
The clerk looked at the coupons for a
moment and began to hum HE Must
Have Been Dreaming Pat looked
wise and began to raise the customa ry
bluff, but business was pressing and
the street railway promoter was noti-
fed that the room before the window
was needed by customers.
Crowding the fifteen coupons in his
pockets Pat rushed over to the Office Of
B. ]. Arnold and demanded pay for his
interest. Arnold met him half way
and alleged that the promoter had got
all that was coming to him and furth-
ermore that he would not get any
more. Pat, at this time, discovered
that the Kenosha Street Railway com
pany had gone out of business and
with the retirement of the company
had also retired his last hope of get
ting any pay on the bonds which he
had received for delivering an invalid
franchise to the officials of the now de-
funct company.
Haynes, nnumb1ing that it might
have been. worse, went out to look for
Clausen, who also had a little interest
in the bonded Indebtedness of the Ke-
nosha Street Railway company. Both
were for coming to Kenosha on the
first train and making serious trouble,
but whensGustav took a sober second
thought of that warrant still standing
in black and white he decided to let
Patrick fight the battle alone against
the terrible corporation. Haynes went
to the city clerk this morning and
when he found that Mr.. Arnold had
asked for franchise in the name of
new company..with the idea of remov-
ing the Haynes and C1ausen load from
his back Haynes sat once got out his
hammer and began to knock.
It is hard to tell what the next step
will be as Haynes declares that he will
collect the amount of the bonds if it
takes the rest Of his life to do it. On
the other hand it is claimed that the
property now being held by the Keno
sha Electric 0Railway company was
never turned over to the Kenosha
Street Railway company and for this
reason Mr. Haynes will probably have
hard time locating anything of value
on which to base his claim against the
company. Mr.sArno1d is now dealing
with the icity direct and he is not
willing to shoulder Haynes and Claus
en- for another term of months.
It is understood that all the bonds of
the defunct company were held by Mr..
Arnold and by Haynes and Clausen,
the latter holding one-ffth of the
issue.
In connection with his visit to Keno
sha today Mr.. Haynes announced that
the scheme to build the Inter Lakes
Railway was off, as the recent decision
Of the Supreme Courtnmade the grant
held by the company invalid. AS to
whether new grant will be asked or
not Mr.. Haynes did not state, but it is
probable that he will spend the summer
collecting his bonds and this will so
monopolize his time that he will not
be able to look after a line to the West,
It is barely possible that the work of
building the road to the West may be
taken up by other Kenosha people, but
the organization of the Inter Lakes
company has not as yet been COM
pleted.
The fight between Haynes and
Clausen and Mr.. Arnold over the bonds
of the Kenosha Street Railway COM
pany will in no way affect the Keno
sha line, as it is wholly a personal
matter between the promoters and the
builders of the former line.
i