The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1908-02-20
receivers Of Chicago & MiIway-
kee Road Declare That Road
Is . Valuable One
WILL NOT DELAY ANY WORK
efforts Will Be Made TO Have stock
holders Agree to the Issue of Re
ceiver's Certificates AT Once
to Continue the Work
(From Thursdays Daily.)

Confidence that the Chicago & Mil
waukee Electric railroad will prove a
most valuable property was expressed
Tuesday by FL. A. Haugan, one Of the
receivers appointed by Judge Gross
cup. His opinion was seconded enthu-
siastically by Jacob Newman, who re-
presents as counsel a number Of the
banks interested in the litigation in
the federal court.
Although I am a layman, and
therefore not versed in the technical
matters Of railroading, the prospects
Of the road impressed me favorably,"
said Mr.. Haugan. FDuring the trip
over the system made by the receivers
last Saturday we learned that there
are twenty-seven towns along the
right Of way, and this must be consid
cred with the fact that there is a big
city at each terminus.
''The construction work appears to
have been of the BEST There are miles
and miles of straight track, without
grades, which would make for high
speed in operation at a minimum of
expense. A good many Chicago people
who have journeyed to Ravinia dur
ing the summer season know what
this end Of the road looks like. I am
told that the con truction work on the
north end is even better than that to
the south.
''The terminus in Milwaukee is to
be near the Plankinton hotel, right in
the heart Of the city. The population
along the line shows that the business
is there, and it seems as if it could be
secured by giving the right kind Of ser
vice.
CD. H Hama, one Of the receivers,
who is a practical railroad man, was
enthusiastic over the prospects Of the
line during the trip we made, and the
thing for us to do now is to complete
the road and put it on a paying basis.
ITO this end receivers certificates
must be issued and before this can be
done we must get the consent Of the
bondholders, for the certificates come
ahead Of everything else as liens on
the property.
1t will take more than 100000 to
complete the road however. That may
be enough to finish the construction
work on the roadbed, but new equip
ment will be needed, and there are
other claims to be settled. I have no
doubt, however, that we can agree on
plan acceptable to all interests and
the court, so that work may be taken
up as soon as the weather will permit. -
Attorney Newman, as representative
Of the financial interests, was optimis-
tic.
It simply is matter of getting the
different interests to agree upon some
one plan, he said. IT have no doubt
that we can bring about harmony after
a conference between the receivers and
the representatives Of the bondholders
in the presence of Judge Grosscup. Of
course there will be many plans offered
and the thing to do is to select the best
one
"The only criticism have heard is
that Mr.. Frost put in too much money
in initial construction. That does not
impress me, however, for it means a
reduced charge for maintenance and
am told that last year the total death
loss and damage claims paid was $3.50.
That means a very small expenditure.