The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1906-09-20
Directors Of Chicago, kenosha &
Milwaukee Road Declare No
Connection With NV.
TO BEGIN WORK IN A MONTH
Directors State That the Road Will be
Built Without Bond Being Issued
or Dollar Borrowed for the Con-
struction Work of the Line

On account of the stories recently
published, in which it was stated that
the Chicago, Kenosha, Milwaukee
and Lake Geneva Railway Co. was in
fact part of the Chicago and North
Western Co., James Cavanagh, of this
city, has made an authorized state
ment for the directors of the company
IN which he says that there is abso-
1utely no truth in the story as printed.
The statement of the directors of the
company is to the effect that no exist
ing railway corporation is in any way
connected with the plans of the Chi
cago, Kenosha and Milwaukee road,
and that the road when completed
will be entirely owned and managed
by company headed by George G.
Wilcox, an Evanston capitalist, who
is the president of the company.
Other directors of the company are
Frank B. Grover, of Evanston, and
James Cavanagh, of sKenosha. It is
stated that the largest Istockholder in
the company is Charles G. Dawes, of
Chicago, former comptroller of the
United States Treasury. The direc-
tors stated that Mr.. Dawes, while not
IN the directorate, had taken great
interest IN the company and swas one
of the principal advisers of the Off
Gals and one of the largest stock
holders. The directors authorized
the statement that the road when
built would be unique in the history
of railroading in the middleswest, as
every cent of the cost of its building
would be paid in cash. No bonds will
be issued by the company sand no
money will be borrowed to pay for
construction. 1t is stated that the en-
tire amount of money now needed for
the building of the road has sheen put
up by the stockholders.
AT the meeting of the directors con-
tracts were let for fencing in the right
OF way owned by the company, and
extending from Kenosha,to Waukegan
and this work will be done at once in
order to have everything in readiness
for the work of grading. which will
be started in the early spring. The
company is not planning solely for a
line between Kenosha nd Waukegan,
but the line will be extended north
from Kenosha and south from Wan
kegan. 1t will of course be ultimately
built into Chicago and Milwaukee.
Mr.. Cavanagh stated that some de-
lay had been caused by the inability
to get any final action taken by the
city council of Kenosha, and that the
company was DESTROYS of having some
early action taken on the franchise
ordinance now before the council.
"We are prepared to show the city of
Kenosha that these statements are
true" said Mr.. Cavanagh, "and, fur
ther, that the Chicago, Kenosha and
Milwaukee has plenty of backing to
bu1ld this line without borrowing a
dollar.''
It is known that the managers of
the company have been dickering at
Waukegan and other north shore
towns in an effort to arrange for
rights of way, but the success of these
negotiations are still in doubt. How
ever, the company will start work on
the ukegan-Kenosha line next
spring and it is planned to make this
the first portion of the system opened
for traffic.