The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1908-09-17
Increased Earnings of Chicago &
Milwaukee Road May Solve
TangIe of Company
ROAD TO BE OPENED SOON
No Action Will be Taken at This Time
in Regard to Foreclosure of Mort
cages and Frost May
Again Get Control
(From Tuesday s Daily


Reports sent out from Chicago TO-DAY
state that the Chicago and Milwaukee
Electric road will open the line for
service from Chicago to the Central
station in Milwaukee on the afternoon
Of October Is, and Notwithstanding the
fact that the road is in the hands of
receivers the old plan of A. G. Frost
Of having a celebration to mark the
opening Of the new division will be car
ried out and the officials and citizens
Of all north shore cities will be invited
to take a free ride ON the long road
and enjoy a dinner at the expense of
the company. The road is already prac-
tically completed, but it will be another
month before the arrangements for
the operation Of cars is completed.
There will be no foreclosure on the
bonds Of the company at this time and
it is said that the annual report of the
company which is just being issued will
make such favorable showing that it
is possible that the men who-have taken
the larger financial interest in the COM
pany will at once take steps to have the
receivers discharged by paying all the
claims against the road. President
Frost has been in Canada where there
are many stockholders of the company
for some time and it is said that he
has all but completed a plan for the
relieving of all the financial difficulties
OF the company.
The annual report for the months of
this year shows a substantial increase
in the earnings of the company over
each month Of the previous year not
outstanding the fact that the year has
been hard one for all electric railways
and traffic on all roads has been hard
hit by the prevailing hard times. -
The increase in earnings has been gen
eral throughout the Frost system, but
the portion of the road between Wau-
kegan and Evanston has showed an es-
pecially large increase in earnings.
There was meeting Of the stock
holders and bondholders of the Wiscon-
sin division Of the road on Saturday
at which plans for a foreclosure were
discussed, but nothing was done and the
leading attorneys Of Chicago who rep
resented the men financially interested
declared that in their opinion the out
look for the road was exceedingly
bright and it is probable that the
stockholders will hold on to their prop
erty. A reorganization of the COM
pany is one OF the probabilities Of the
near future, but it is pretty certain that
the reorganization will find Mr. Frost
again in charge. The receivership has
cost the road vast sum Of money, but
with the re-opening Of the financial
market it is thought that this difficulty
will be met and that money will be
forthcoming to provide not only for
the completion Of all the plans of the
company, but for the placing of the
road on a solid financial basis.
The report on the business of the Ke-
nosha Electric Railway Company for
the latter part of this year will show
a note worthy increase in earnings and
it is possible that the earnings for the
last six months of the year will be
equal to the red letter days of last year.