Show WALSH'S RAILROAD IN RECEIVERS RECEIVER'S HANDS i Court Appoints M. M J. J Carpenter I Ito to Care for Southern Indiana Chicago Aug Aug 20 Federal O Federal jurl jurisdiction tion ton now extends over o time Iho Southern Indiana lamma Hallway Halway company through the time appointment of n. n receiver In the I United States circuit court for time the road rond which has imas lon long been cen regarded as the best of what are ale known as the tho to John JohnI II R. I Walsh properties On the petition presented b by counsel counsel coun comma sel for the First FrE Trust JIust and Savings bank of Chicago the te e representatives of the time Chicago Clearing House asso asso- Judge Christian C. C Kohlsaat lato late last night appointed M 1 J J. J Carpenter Carpenter Carpenter Car Car- penter formerly president of or the tio 10 Chicago Chi cago cabo Eastern Illinois Railroad com corn compan company van pan receiver of tho tue Southern 1 com corn pa pany panr a y Failure to meet meet the interest t on the time bonded bonde Indebtedness of tho the road was wa the proximate cause cauto of or tho tim petition and ani the time court order For months there have cen rumors that a n i-e- i cel was tho the only solution of th the financial of at tho the road which were wore accentuated b by the Indu In- In du depression which mado made it It difficult to pu pay operating expenses expense c The Southern Indiana was the railroad acquired b by John R. R Walsh In n mm extending his bunking banking bu m banking lines hues to lo a wl wider cr financial cx- cx c- c Ua money Jno a d. d t rJ IV Opt hG nt t Jo O t el part lart itt of the the dhan charges s in 11 the tho trial Ii receded preceded tho conviction of oC tho tha a aged et bal banker amiker k r on a charge of ot misapplying the hmo funds of ot the tho Chicago National bank of or which ho had been dent lent U I o |