Chesapeake and Ohio to get control of Chicago and Eastern Illinois Railroad. Washington, , May 14. Carroll M. Shanks, Chairman of the Chicago and Eastern Illinois Railroad Mortgage Bondholders Protective Committee, told the Senate Railroad Financing Committee today that the proposed reorganization plan for the now pending on federal courts would give the control to the Chesapeake and Ohio. The Senate Committee has been investigating the $700,000 load procured by the from the Midland Bank of Cleveland. Later testimony brought out at the hearing proved that the Chesapeake and O
Chesapeake and Ohio to get control of Chicago and Eastern Illinois Railroad. Washington, , May 14. Carroll M. Shanks, Chairman of the Chicago and Eastern Illinois Railroad Mortgage Bondholders Protective Committee, told the Senate Railroad Financing Committee today that the proposed reorganization plan for the now pending on federal courts would give the control to the Chesapeake and Ohio. The Senate Committee has been investigating the $700,000 load procured by the from the Midland Bank of Cleveland. Later testimony brought out at the hearing proved that the Chesapeake and Ohio actually made the loan with the bank acting as the road's agent, 5/14/1937
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