Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-03-01
FOR SUBURBAN LINE.
Quick and Direct Entrance to Chicago
-$5O,OOO,OOO Deal.

Chicago, Feb. 2S.-Quick and direct
transportation facilities for 100000
residents OF Chicago, the southern end
of Cook county and northern Illinois
and Indiana are at last assured. With
in Il few days a $50,O00.O00 corporation
will be organized in New Jersey for
the construction Of an elevated struc-
ture over the Lake Shore and Rock Is
land railroad tracks, between the Lake
Shore depot on Van Buren, street and
the south end of the present elevation
of the Lake Shore and Rock Island
| tracks at Ninetieth street.
From this point, which is near
| Washington Heights, the elevated
structure will descend to the ground
and trolley lines will connect with a
half dozen interurban trolley systems
at Blue Island. BY means of these
| connections and four elevated tracks
passengers from northern Indiana and
| Illinois and all the south part of Chi
cago will have easy access by electric
service to the present Lake Shore and
Rock Island terminal depot.
| Railroad Men Interested.
| Negotiations looking to this have
been under way for some weeks and
meetings have been held almost daily
in New York, participated in by the
Moore brothers of the Rock Island and
by representatives of Robert Mather
of the Rock Island Holding Company;
| Is. +. Yoakum, chairman of the execu-
| tive boards of the Frisco system and
| Rock Island, and William S. Reed, of
Chicago, president of three of the trac-
| ton companies that will enter into the
new corporation.
Preliminaries have been under way
for some time, beginning year or
more ago with the construction OF some
of these trolley lines and coming to a
head in August last, when Mr.. Reed
purchased some of the trolley systems
that will enter into the deal. In addi-
ton to the Lake Shore & Rock Island
| interests in the new company. which
will be capitalized for $400OO,00O in
stock and $10,000,000 In bonds, Mr..
Reed will turn in the Chicago Electric
Traction Company, purchased by Mr..
Reed in August last, which runs from
Sixty third street and South Park
avenue to Harvey and is thirty-two
miles long; the Chicago Southern Trac-
ton Company, operated between Har-
vey and Kankakee, with branch from
Blue Island to Hammond, with track
age of thrty-eight miles; the Chicago.
Blue Island & Joliet Traction Company,
extending from Blue Island to Joliet.
twenty-five miles long.
Other Lines Will Connect.
These companies, with a bond issue
of $3,5O0,OO0 will be turned into the
new corporation on bonds and stocks
| of $7,OO0,OO0 In addition negotiations
will be made for transportation pur-
poses with the Chicago, kankakee, La
Fayette & Southeastern railway, which
connects at kankakee with La Fayette
and at that town with many other In
diana state lines: the Chicago & Indt-
ana Airline roads, running from Ham
mond to South Bend; the Mckinley
syndicate line terminating at Joliet.
| which has direct connection with st.
Louis and parallels the Chicago & AL
| ton tracks to Joliet. Another branch Of
the Mckinley syndicate line extends
from Joliet to La Sale and paralleling
| the Rock Island system.
| 1t is estimated that the new COM
pany, with the many lines touched by
/, it. will afford facilities for territory
containing over 100000 people. and
| it is believed that thru its operations a
natural entrance has been found to
Chicago from the east, south, SOUTH
west and southeast.