RECEIVERS IN CHARGE
RAILWAY COMPANY IN DIFFICULTIES. OTTAWA. April 6. The Delroit-Peremarquette railroad is in the hands of receivers. The line operates over 3000 miles in Ohio, Illinois, and Ontario. The Railway Commission refused to allow the company to issue additional bond, which were said to be necessary in order to meet certain maturities. Mr Pierpont Morgan is a heavy stock-holder.
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Bibliographic details
Otago Witness, Issue 3030, 10 April 1912, Page 23
Word Count
61RECEIVERS IN CHARGE Otago Witness, Issue 3030, 10 April 1912, Page 23
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