Business: Road for Sale

Any one who wishes to buy a railroad will soon have a chance to pick one up at a forced sale. Last week the Chicago & Alton R. R., in receivership since 1922, was ordered sold by Federal Judge George A. Carpenter of the Chicago District Court. Date of the sale will not be announced until priority between conflicting creditors has been settled. The Chicago & Alton is valued at approximately 100 million dollars. Prospective purchasers are said to be Kuhn, Loeb & Co. and Samuel Insull.

Founded in 1861, the Chicago & Alton...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!