Re: Digest Number 316
David Young
Monday, July 1, 2002 10:14 PM
,maybe you can enlighten me about CSL,I assumed that it was a unified system
and within the Chicago city boundaries connecting in various places with
other tramway entities,is this so?Thanks,Peter Bruce.
CSL. Sort of yes, sort of no. Yes, unified on paper, yet it was more than a
paper transaction requirement that saw CSL order cars for itself both in the
name of Chicago Railways Co. and in the name of the Chicago City Railway Co.
right up to the last PCCs--which the new CTA, (which brought in the EL lines
and abolished the CRCo. and CCRCo. among other things) immediately tried to
cancel and then instead had virtually the lot recycled into PCC El cars (new
bodies, but all parts, trucks, motors, controls, and the rest from PCC
streetcars.)
Prior to 1930, I guess this was a surface manifestation of the agreement
which combined these and other underlying companies into the CSL, but with
CSL's bankruptcy in 1930 these odd inconvenient quirks were frozen into
quasi-permanence so the receiver and the bankruptcy judge could preserve the
assets intact before deciding whether to liquidate, sell or re-organize.
A. D. Young
_________________________________________________________________
Send and receive Hotmail on your mobile device: http://mobile.msn.com
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
and within the Chicago city boundaries connecting in various places with
other tramway entities,is this so?Thanks,Peter Bruce.
CSL. Sort of yes, sort of no. Yes, unified on paper, yet it was more than a
paper transaction requirement that saw CSL order cars for itself both in the
name of Chicago Railways Co. and in the name of the Chicago City Railway Co.
right up to the last PCCs--which the new CTA, (which brought in the EL lines
and abolished the CRCo. and CCRCo. among other things) immediately tried to
cancel and then instead had virtually the lot recycled into PCC El cars (new
bodies, but all parts, trucks, motors, controls, and the rest from PCC
streetcars.)
Prior to 1930, I guess this was a surface manifestation of the agreement
which combined these and other underlying companies into the CSL, but with
CSL's bankruptcy in 1930 these odd inconvenient quirks were frozen into
quasi-permanence so the receiver and the bankruptcy judge could preserve the
assets intact before deciding whether to liquidate, sell or re-organize.
A. D. Young
_________________________________________________________________
Send and receive Hotmail on your mobile device: http://mobile.msn.com
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/