The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1908-03-19
U. S. Court in Chicago Declares
President Of Kenosha Street
Ry. Can Pay Debts
CLAIMS ARE WITHDRAWN
Possibility OF Receiver Being Appointed
For the Personal Estate of Rail
way President Now
Very Remote One

Judge Lands Of the United States
Court in Chicago yesterday handed
down a decision of great Importance
to Kenosha when he refused to grant
motion to name receiver for A. c.
Frost, the president of the Kenosha
Electric Railway Company. and On the
other hand the court held that Presi
dent Frost was not bankrupt. The
motion for the appointment of a re-
celver to take charge Of the personal
business Of Mr.. Frost was made by JUS
tin K. ('r>is Of Waukegan who was thu
representative of G. M. Gorham of Wau
kegan who held note Of Frost IS to
the amount Of $2495. Gorham appear
ed in court and informed the judge that
he regretted that the proceedings
against Mr. Frost had been started in
his name and that he had no desire to
press the matter Of collecting that note
and that he was ready to withdraw SO
far as his claim was concerned. The
Western Bank Note and Printing Com
pany which had also petitioned the court
to name a receiver also withdrew its
clam and Informed the court that it
was satisfied with the solvency Of Mr.
Frost. Under the statement Of these
two creditors the court dismissed the
proceedings and it is pretty certain
that there viii be no further effort to
get the personal interests Of Mr.. Frost
into the bankrnptcy courts
Had Mr.. Frost been declared bank
rupt there is little doubt but that the
action Of the court would have had a
direct bearing on the future operation
and extension of the Kenosha Electric
Railway as nearly all of the stock Of the
railway company is held by Mr.. Frost
as his personal property and it would
have been one of the chief assets to
be turned over to the trustee in bank
ruptcy It is thought that this effort
TO secure a receiver for Frost is the
solution Of the many visits of attorneys
the holdings of Frost and the Kenosha
Electric Railway Company. At one
time it was thought possible that credi-
tors would seek to have a receiver ap-
pointed for the Kenosha Electric Rail
way Company but the last report of the
company showed that the Kenosha road
was a paying institution and it is not
thought that any court would name
receiver under such circumstances.
It is expected that President Frost
Huo1116 70 Konncbo +odou To hold
conference with the city officials to
reach some decision in regard to the
completion of the work planned in
Kenosha, but it is possible that this
conference will be delayed until some
time next week. It is pretty certain
that the council will not take action
on the paving contracts until after the
city election and there is no reason to
rush the work Of making the arrange
ments with the railway company.
The affairs Of the Chicago and Mil
waukee Electric Railway Company
under the guidance of the receivers are
rapidly righting themselves and the re-
ceivers have issued certificates which
will insure that there will he plenty of
money to complete the building Of the
road into Milwaukee and the work on
the road will be started the first Of
April and it is planned to have cars
running into Milwaukee by the first
day Of June. City Councils ali along
the line of the road have expressed con-
fdence in Mr.. Frost and his company
and it is thought that this will do much
to aid the receivers in securing all the
money needed to complete the line.