It was a big day for the little Chicago Aurora & Elgin Railway Co. After 14 years in receivership, the C. A. & E. finally chuffed out last week. Debts refunded, fixed charges erased, it was all set to highball. The road had netted $51,974 in 1944, boosted that to $185,805 in 1945, counted on turning a $225,000 profit this year. With the money, it hoped to pay investors a dividend, start replacing the antiquated equipment with which it now serves 8,000 commuters from Chicago's western suburbs.
But the C.A. & E. had been...
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