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;Kjj|sj||j" 14 THE LAKE SHAR^ NEWS, FRIDAY. FESRtlARY 23, 1923 Slllipi^ii ELECTRIC ROAD PLANSGROWTH Shareholders To Vote On Recapitilization The Chicago, North Shore and Mil- jwaukee_^Iejtric railway plans to ex pand"an<f rehabilitate its electric line service between Chicago and Milwau- kee. To this end the directors recent- ly announced a recapitalization plan to be voted on by the shareholders at the annual meeting on February 28. It is proposed to create an open first lien 7 per cent stock, of which â€" the present funded indebtedness will be_ retired and, pxavi&ion^wilLb*- tnade ~ for future capital expenditures. The present bond issue is limited to $10,- 000,000, of which $4,060,000 are out- â€" standing and $2,845,600 are pledged to ____secure notes, of which there are 2,- 925,000 outstanding. Between 1916, "~â€"when the receivership ended, and Sep- tember 30, 1922, about $5,600,000 was expended on the property but about = $3,200,000 of thi^amount wasfrom operating revenues and reserves. It is proposed to create an open first lien per cent stock, of which $1,500,000 would be issued immediate- ly for treasury purposes and the bal- ance reserved for retiring notes and capital expenditures. It is also plan- tied to issue $10,000,000 of 6 per cent preferred and common shares to be given to participation shareholder in exchange for their 170,000 no par par- ticipation shares in the ratio of 10 per ^ cent to holders of first preferred shares, 40 per cent to holders of sec- ond preferred, and 10 per cent to holders of common shares. . There is about $2,700,000 in divi- Expect J. C. O'Brien A* K. of C. Memorial Speaker Memorial Night for Ouilmette coun- cil, Knights of Columbus, will be ob- served Tuesday evening, February 27, at Odd Fellows hall, Willmette. The Columbia quartet of Chicago will sing and an effort is being made to have former assistant states attorney James C. O'Brien as speaker. The council Dance and Card party Tuesday of last week brought a large attendance in spite of the extremely cold weather. ______ BUYS JEFFERY HOME E R. Nourse of 1716 Forest avenue has purchased the Gordon C. Jeffery home at 1527 Walnut avenue and ex- pects soon to occupy the residence M. L. Moody and company negoiated the transfer.__________ CHICAGO MOTOR CLUB J.<1. Stanton Wllmette Manager for Jn»«pf"«« Dept. and Membership Committee NORTH SHORE HOTEL Evan*. 6400 $220,000 In Cash Returned on * ' Policies in 1922 dends in arrears due the first and sec- ond preferred participation shares. These will be liquidated by giving five year unsecured and non-interest bearing notes, which may be paid at maturity, extended or exchanged for 6 per cent non-cumulative preferred stock. FORD ACCESSORIES Skokie Motor Co 712-714-716 Elm Street Winnetka Authorized FOgD Dealers. Announcement We have secured the agency for one of the finest lines of shoes on the market. We take pleasure in offering to you the well-known Cantilever Shoes TOMTT1JH0ESTQRE Z. Rafalski, Prop. 1150 Central Ave. Wilmette â€"â€".......-___â- â- â€ž,.........â- --------â€"â€"-s-*-----â- â€"'----â€"^T"! 4? I rr:.:'.,„..,,_____.________â€"â€"-------««---â€"------â- â€"â€"â€"-â€"â€"» i * = I ' I â- ' I I I i I : 1 I Place to^brk. tptfes â- â- 1^5\:.0-\c An attractive home for individuals or small families who want the same service rendered by the finest hotels hut intermingled with « home atmosphere that adds to the comfort of a short or h*9Ji*ftfr?&^ â€"a place to put things. â€"a place to find things when you want them. "I have always wanted a table that I could work at without--â€" -the stretcher below interfering."___ jiowcmaiiy_rimes^&u Jiaire said that to yourself. ' This solid walnut Jacobean Period Library Desk is a reproduc- tion of an old piece made in England during the reign of James I. in the early part of the 17th century. It has an antique walnut fin- ish that does not scratch or mar. Everything about it is jnteresting,__i_ r_. â€"â€"â€" ""ITgrows on you." ~ . â€" ' JYqu will never want to part with it^ ^^ r~"~"~~""'. This is the kind of furniture you/will hancTon to posterity. ^ Come in and see it. You will want it for YOUR living room or library. There are many other fine pieces of *good furniture" you will also enjoy looking at while visiting the store in Evanston. Desk $160 w Coxwell Chair $92 °° Smoker $13M i § 11 i! i: I i i § i § § i - 5 i = I > I I S i | 11 B i There are attractive terms for ling leatee* Come and enjoy our restaurant or cafeteria. Discount on every article in the Store for Dollar Days Only For Reservations Telephone Evanston 8000 ^i^^&^mMdms^m MvjlS- *t|----:||fj|'|ji^ mm******