. The Street railway journal . directors of the company, filed the applicationfor a receiver. C. F. M. Niles, who was appointed to takecharge of the company, is president of the Security SavingsBank & Trust Company, which is trustee for the $1,650,000bond issue of the company. The petition states that the amount of interest due ismore than $60,000 and that the company is applying itsprofits and revenues to corporate duties instead of the dis-charge of its indebtedness. The business depression isprobably responsible for the default in the payment of in-terest and it is believed that the receive
. The Street railway journal . directors of the company, filed the applicationfor a receiver. C. F. M. Niles, who was appointed to takecharge of the company, is president of the Security SavingsBank & Trust Company, which is trustee for the $1,650,000bond issue of the company. The petition states that the amount of interest due ismore than $60,000 and that the company is applying itsprofits and revenues to corporate duties instead of the dis-charge of its indebtedness. The business depression isprobably responsible for the default in the payment of in-terest and it is believed that the receivership, which ismeant to lie only temporary, will be raised within a shorttime. 6o4 STREET RAILWAY JOURNAL. [Vol. XXXL No. 15. ISLAND PARK, EASTON, PA. Island Park is located in the picturesque Lehigh Valley,3 miles west of the center of Easton, Pa. It is entirelysurrounded by the waters of the historic Lehigh River,which in turn are overlooked by fertile fields flanked bymajestic peaks and hills which present a panorama of. PROMENADE AND BOOTHS AT ISLAND PARK rural scenery of matchless grandeur. Its limits enclose anarea of more than 100 acres. The ride to the park over the Easton Transit Companysline is very enjoyable and is a treat in itself. The carswhirl one through a wealth of riverand mountain views which excite theadmiration of every visitor. To con-vey the crowds to and from the parkwith speed, four cars, each with atrailer, are operated every five fare from any part of the city is 5cents, the greatest distance being a rideof 8 miles. No admission is chargedat the gate and the principal attrac-tions are free to the public. The park caters especially for thepatronage of Sunday-school picnics andexcursions from a distance, and fortheir benefit maintains a picnic grovecomprising more than 6 acres of heav-ily shaded ground equipped with anabundance of ovens, tables, benches,pure water and many other conveni-ences. Plenty of swings, sand heaps,etc., are provided
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Keywords: ., bookcentury1800, bookdecade1880, booksubjectstreetr, bookyear1884
