Show OF WALSH RAILROADS r f. f Bankrupt Financier May Yett Yet Ye I t Realize His AmbiE Ambi Ambi- E lions STEEL TRU TRUST INTERESTED r- r Holb to tt Join Joll Lino From 1101 GU to tt Milwaukee cl Connecting With Chicago licit Belt Wih t Hel Chicago Aug ug 15 Time The The Walsh railroads railroads rail rail- ml- ml roads time the financing or of which brought down the lie Chicago o National batik bank and antI Its Hs associated Institutions probably will wi bo ho consolidated with wih the Illinois Iowa Iova and amid Minnesota railroad a holt belt It line lne reaching around Chicago from the new steel town of Gary Ind md to Mil Mu- 1 waukee The rime negotiations have for their purpose a con consolidation of the time timeS timeS' S' S interests and amid not lint an flu outright sale MIl and the they contemplate the retention o of John It n. Walsh In iii a position of management and through the time successful termination tion ton of these o plans Walsh hopes to realize road magnate his lila dream of or becoming a railroad railroad rail rail- ml- ml rho The fact of times the the negotiations was confirmed today tolay by W. W V. V F. F treasurer of or the Illinois Iowa lown and ancl Minnesota Min Mimi at his ollice In iii the Rookery building Behind tho negotiations railroad men see sec the possibility of or one of or tho biggest railroad deals that has been 1 engineered en in itt Chicago tot for CO years ears ThijS S Illinois Iowa and Minnesota 1 Is saRi saRito n to be e owned by St. St Sl capitalists Steel Sted Trust mist Connections that the It I Is understood however ho United States Steel corporation has lias sortie some Interest in it I. I either cither directly or 01 under ne negotiation and anti the fact that the road is to connect with wih the big steel mills mis at Gal Gary Is hs pointed out to toL toas toas L as confirmation The Time line lne is now In operation between Ill 11 and amid And surveys have been made to extend the line lino from on the south to Gar Gary and from Rockford Rock Hock Hockford ford fonI on tho the north through and Jc to Milwaukee For or a portion portion porton por por- contracts have tion o of these surveys sUreN already ton been let and It I is understood that there is ample capital behind the time company for or the time completion of these connections S SJohn John X N. Faithorn's connection with the deal It I I is understood too is more than luau merely that of an expert expert It I has Ion long bug been heen rumored that the thc Chicago Terminal Transfer company has been desirous of cit getting gelling of the time them into Walsh lines hines and ancl bringing Chicago o over U their thel tracks from Chicago Chi cago caso Heights Should this be part of oC the deal Iel it ft I wil wilt will mean menn that time the Walsh PC 1 lines linos Hils will wi he lie le connected with wih two belt beJ fa- fa lines hues one ommo nn un outer niler one and tIme the other tf 1 nn an inner line hue that will Sho them an aim I r over O other roads i enormous an al advantage tale |