The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1908-11-19
Canadian Capitalists Go Over the
C. & M. Electric Line With
View to Paying Debts
EXPECT RECEIVERSHIP TO EMO
Canadians Have Raised 100000 of the
Million Needed to Take Line
Out of the Hands of the
Receivers

A. @. Frost is not yet down and out
and it is just possible that he will
again be in charge of the Chicago and
Milwaukee Electric Railway before the
end OF the present year and that the
receivership over the line inaugurated
on the first day of the present year
will come to an end before it is year
old. Frost for years has had way of
going over into Canada and coming
back with a bag Of gold and he is now
looking to the shrewd Canadian CAPT
talists to pull him out of the present
hole. The election of Taft and the
assurance of prosperity has had great
effect in loosening the purse strings of
the Canadian capitalists and yesterday
five men representing syndicate which
has been formed at Toronto made a
trip of inspection over the completed
line between Chicago and Milwaukee.
The party was in charge Of Receiver d.
b. Hanna and Superintendent r. B.
Stearns. The members Of the party
refused to discuss the matter after the
trip, but they left Chicago last night
for Toronto to take up the matter with
their business associates and it is
pretty certain that they will make a
favorable reply. 1t is said that al
ready $700,000 has been subscribed for
stock in the syndicate. The only way
that the syndicate can get control of
the road is to pay the pressing debts
of the corporation 1t is said that a
million dollars will clean up the imme-
date debts of the company and make
it possible to dissolve the receivership.
The Canadians admit that the receiv-
ers have run the road in an economi-
cal manner, but it is thought that some
of the big men who have been con-
nected with the receivership will seek
to mulct the new syndicate for high
fees for their services. The final de-
cision in the matter is expected to be
reached before the end of the present
month. A. G. Frost did not accompany
the men over the road, but he will go
to Toronto at once to counsel with the
men in the organization of the syndi-
cate. These men have expressed their
faith in Frost as a railway builder and
it is said that nearly all Of them are
deeply interested in Frost's Alaska
venture which is also in the hands of a
receivership. 1t is probable that the
receivership on the Alaska project will
be dissolved. It is certain that Frost
will be returned to the leadership in
the management of the road if it passes
into the hands of the Canadian syndi-
cate as he has been the moving spirit
in the organization of this syndicate.
The receivers will go ahead for the
present with their plans just as if
there was no deal TN for the return
of the line to Frost. It is certain
that if the line were offered to the
highest bidder that there would be sew.
eral syndicate bidding for it, but Frost
is anxious to prevent this sort Of q
sale by purchasing up the big claims
against the company and placing il
under the management of a company
in which he will be the controlling
spirit.
The new through cars will probably
be put ON next Sunday and this viii
mark the Inauguration of the express
train service. These will be buffet anG
cafe cars and will be the finest cars
ever run over an electric railway il
the northwest.