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Newspaper Page Text
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C7T MAy PROBE INTO ELECTRICITY METERS
PROMINENT PEOPLE HIT IN TAX DEAL
PRELIMINARY ARBITRATION MEETING HELD
THE DAY BOOK
An Adless Newspaper, Daily Except Sunday
VOL. 4, NO. 229 Chicago, Friday, June 25, 1915 398
(HI. RAILWAY BOSSES
LEADING TO SMASHUP
According To Claim of J, B. Hogarth, Representing
Bondholders Says There's Millions of Water In
Make Up of Company r7o Get Hearing. t
1 The financial structure of the $84,
000,000 Chicago Railways Co., run by
Henry A. Blair for the Rockefeller in
terests the east, may be brought
out for an airing soon.
J. B. Hogarth, representing the
bondholders will be given a hearing
before the public utilities commission
to prove his claim that there is from
$12,000,000 to $48,000,000 of water
in the make-up of the company.
Incidentally, Hogarth claims that
Blair and the rest of the officers are
ramming the road straight - to a
smashup when a final accounting
comes on Feb. 1, 1927.
On this date, according to Hogarth,
unless they are paid off, holders of
$96,000,000 worth of the street rail
way bonds will call for the money
which they have invested. After this
date the railway will have no right
to run cars on the city streets as the
ordinance of 1907 will run out
According to the claims of Bion J.
Arnold, traction interest man on the
board of supervising engineers, the
road is only worth $84,000,000.
Where gien, aaka Hogarth, is the a,dr
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