. The street railway review . me when his great work in con-nection with the London Under-ground R. R. was rapidly approach-ing completion and important por-tions ot it were being put in opera-tion. Mr. Yerkes failing health hadwarned him and the bankers associated with the enterprise, that ar-rangements should be made for re-lieving him of a portion of his work, or for completing and carry-ing it on in case of his death. Mr. Yerkes was born of Quaker parents in Philadelphia, June25, 1S39. At the age of IS he secured a position as an office boy,and at 17 he went into the commission business. F
. The street railway review . me when his great work in con-nection with the London Under-ground R. R. was rapidly approach-ing completion and important por-tions ot it were being put in opera-tion. Mr. Yerkes failing health hadwarned him and the bankers associated with the enterprise, that ar-rangements should be made for re-lieving him of a portion of his work, or for completing and carry-ing it on in case of his death. Mr. Yerkes was born of Quaker parents in Philadelphia, June25, 1S39. At the age of IS he secured a position as an office boy,and at 17 he went into the commission business. Four years laterhe started independently as a broker. Mr. Yerkes operated inPhiladelphia with more or less success until the time of the Chicagofire of 1871, which entailed heavy losses in eastern money was forced to make an assignment. Before his failure, Mr. Yerkes had speculated in Philadelphiastreet railways and had made considerable money. He organizedthe Continental Passenger Ry. and sent the stock up from $15. CHARLES T. YERKES. Jan. 15, [906.] STREET RAILWAY REVIEW 57 to $100 a share. Then occurred the Jaj Cooke failure from whichhe cleaned up from the short side 01 the market enough to pay allhis debts. He resolved to seek a new field for street cat operations and in 187s went west. At the age of 36, Mr. Yerkes passed through Chicago and finallylocated at Fargo, S. D., where he organized a land syndicate, mak-ing and losing considerable money in various speculations He was42 years of age when he came to Chicago in 1881 He started busi-ness as a stock and grain broker and steadily made money, all thetime watching for opportunities for investment in street railroads. In May, 1886, he secured control of the North Chicago City organized it into the North Chicago Street Railroad Co. Hepaid for his control of the road with money raised from the mort-gage on the property itself, and it has since developed that prac-tically he never invested any of his own cap
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