In A Receiver's Hands

Streator, Hls., Nov. 24.- The Streator Street Railway company ceased operating its plant Tuesday and is now in the hands of a receiver. The road was built in 1890 at a cost of $250,000, and was at that time the best plant in the country. It was bonded for $160,000, and a trust deed filed with the Farmers' Loan and Trust company of New York. In 1893 the railway company became insolvent, when it ceased to pay interest on its bonded indebtedness. Application was made for the appointment of a receiver and Judge Grosscup of Chicago named C. C. Barr. Two minor judgments were also entered in favor of C. C. Barr and Charles Rathbun, aggregating $24,000, for money advanced. The plant has not paid expenses the past three years. An order will shortly be issued by the federal court for the sale of the road.