Deseret Evening News | 1906-05-26 | Page 1 | Chicago Traction Companies' Agreement

CHICAGO TRACTION 1 COMPANIES AGREEMENT New ew York May JG 25 G if tr the North rth end Wet West Side companies t of uC anti the th Chicago company of or thou that cit after n It of or here lime conic to an nit agreement yei according Icor lo to u it morning n g piper liti ppl aI i Ici will 1111 is I I I permit L tho thu ti ny completion l coin ill St of nr negotiations I ti t louis for rol the thesie thu e site sie ti I in I I properties of or all nil the Iho com 1001 antIS atile nf if f the th city ell The rhe juice docs Oll im et ci tit I the I iu I between the theron ron pinies taking part IIII In It but bul places pI I all aP the hue l p parties of If till nil the tho companies In iii MU snub Ii shape that thit It II call uin all be he soil to hum i city It with a n t clear cheat title The Tho agreement SIH about by 11 by bythe lJ the ill Traction to 10 Its lis un tun companies th the North and andi nd i pst t SIle ns The he details terms of or the agreement will bi hi h announced in tnt today It II I t wis vis stated how however I ever that thU though thou h th thus the mul Vett fl r t fildo appear to 10 Ii hAve I an nn advantage lh the superior company grunted granted It hl ered It best be t rot for sit all R II concerned t to 10 bring lurIng about an out earl rul early of ot the properties The properties find anti franchises of tic th Ih the three aro arc to In be he ia trusted with witha a 1 new IWI company which will be b at lit once This The new company will hilt hove here full rull power to dl of or all tho the and amid will trIll not bp bl t hampered by bythe byth bythe the th l la Is suits between bet 1111 the three com coin companies In lii the new ne comes to totem tem tn with the i ll it It will hold the theair nu mr lieu ney for foi the hue properties and es until the rights of ot Ill RInck and bondholders of or th the Union Tuition North Side AnI Wt est Vit tide Side c are arc determined by hy the courts ci 0 I nm adjusted out nut of or court count Then Theu and II a rill not until then 1 will alIt It the tue proceeds of or the th IOta 10 to the city ell New Nets 11 York Vork financiers Interested In tho the and the men j part t In the conference seamed pleased w it th tn the tho outcome The rh Is h I iliAD also al a it good thing for tor the ct elt wild sold one oat of or the conferees rO The rh city ell can an now get 11 the Ilie properties at II t an nil early earl date te and amid the work nf ruf building them up ruin can begin Rt at once The Th city will liars have tn n it more morp valuable I thou than if time the wrangling hud continued anti and the public will more get K t better service