Show OWNS THE CALbHET Receiver McKoon of the Defunct Illinois Bank Has a Street Railway Rail-way on His Hands Chicago April 21 Receiver McKoon of the defunct National Bank of l Illinois is now the virtual owner of the Calumet Electric Street railway The Indebtedness of the road endorsed by A Farson Leach Co to the bank and secured by nearly all the stock and bonds of the road has been adjudicated to the receiver bv a decree of Judge Showalter In the federal court The terms of the court are the assignment as-signment and transfer without condition condi-tion of the 3835 shares of the capital stock of the road the 2843 5 per cent mortgage bonds free from all claim the real estate of the electric road and other property to the receiver the receiver re-ceiver surrendering to Farson Leach Co the 3000000 note made to the order of the bank on Nov 30 1S9G The receiver is to furnish all the money needed to keep the road in operation and to develop and keep the roadway in repair and to charge G per cent interest in-terest thereon |