Show BIt BIG ENTERPRISE GOES TO 10 SMASH SLASH Receivers for New S cago Electric Air AirLine AirLine AirLine Line Laporte Ind md March 4 Judge Crich ter In the Laporte county court on application of ot stockholders ers represent representing ing 2000 shares of the th stock of the Chi York Electric Air Line com corn company company pany today appointed George Geore G Mull of or Indianapolis receiver for lor the com corn company compan pany pan for the Cooperative Construction company and an 1 for lor the Goshen South Bend Chicago railway The West Western ern cm Securities companies the Gary Interurban company and the Hancock company also are made defendants The receiver immediately flied filed a bond The Chicago New York Electric Air Line company Is capitalized at 5 Alex Miller of ot Aurora III Ill is 15 president of the concern According to toan toan toan an announcement of or the company it proposed to shorten the distance be between between between tween Chicago and New York to miles and to cut down the running time between those points to ten hours Legion of Stockholders The line had been graded between Chicago and Laporte and the rails have been laid over several miles of ot the dis distance distance tance The company was financed through an agency organized for the purpose which has branches in practically practically every large city in the tho country According to President Miller there are over stockholders In the enter enterprise enterprise prise The complaint charges President Mil MIt Miller Miller ler Vice President Price and others with various unlawful acts Including misuse of the mats malls participating in secret rebates In sales of stocks stock giving sl slIng giving ing enormous salaries etc Assets of ot the company are said to be beless beless beless less than half a million dollars The TheAir TheAir Air AirLine Line company Is now operating twelve miles of ot road between Laporte and Westville Laporte has been the scene of or main construction activities for two years but two weeks ago work on the main line was suspended and ef et efforts efforts forts were concentrated on Gary work to save the city franchise which re requires requires requires quires that cars shall be in operation on March 6 |