Identifier: streetrailway03amer (find matches)
Title: The street railway review
Year: 1891 (1890s)
Authors: American Street Railway Association Street Railway Accountants' Association of America American Railway, Mechanical, and Electrical Association
Subjects: Street-railroads
Publisher: Chicago : Street Railway Review Pub. Co
Contributing Library: Carnegie Library of Pittsburgh
Digitizing Sponsor: Lyrasis Members and Sloan Foundation

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nsit on the west side.Five trains, of four coaches each, were provided for theguests, among which were numbered judges of thevarious courts, city officials, rapid transit authorities, andnewspaper men. was due largely to the efforts of Underwood & Green, ofNew York City, who negotiated with M. C. McDonaldand his associates for the construction of the road, and inthe midst of the recent financial stress the enterprise wascarried through by them to completion. The recent reorganization of the company, placed ex-mayor John A. Roche in the presidential chair, and Col.M. H. Alberger in the managerial position. H. B.Thompson is vice-president, C. H. Deere, G. B. Shaw,D. W. Campbell, C. H. Knight, Samuel Baker, WilliamZiegler and John H. Witbeck, are directors. The cap-italization is $10,000,000, and the bonded indebtedness is$6,500,000. Four miles of double track are nearly com-pleted, and the construction, at present decided on, willinclude 7^ miles double track, or with storage tracks
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The inaugural trip extended over four and-a-half miles,or as far as Homan avenue. On the return, an elegantchampagne luncheon was spread for the guests at theCanal street station, aBd presided over by Col. Alberger- The Lake Street L Company was incorporated inApril, 1888, and nearly $1,000,000 in stock subscribedby Col. M. H. Alberger. The rest was taken by a half-dozen others, and the ordinance passed the same jear-On December 18, 1889, the first of the heavy iron sec-tions was put in position at the corner of Lake and Clin-ton streets. In quick succession, five rival companies.•iprang into existence, four of them, well backed by cap-ital. These all were bitterly opposed to the Lake streetfranchise, but the rights, in full, were finally obtained forthe length of Lake street and a down town terminal atthe corner of Madi.soii and Market streets, with the rightto cross the Lake street bridge. At this point is the onlycurve in the entire road. The financiering of the road and siding,

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