Bondholder Wants Immediate Foreclosure on the Railway
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Immediate foreclosure on the Chicago Rock Island Pacific Railway was demanded today by Louis C. Krauthoff, attorney for the Central Trust Company of New York, trustee of $100,000,000 worth of first and refunding mortgage bonds, at the hearing of Receiver Jacob M. Dickinson’s Petition before Judge George M. Carpenter, asking instructions regarding the payment of certain funds. Source : query.nytimes.com |