Rensselaer Journal, Volume 11, Number 31, Rensselaer, Jasper County, 9 January 1902 — Syndicate Gives Up Control. [ARTICLE]

Syndicate Gives Up Control.

Financial embarrassment has fallen upon the gigantic Everett-Moore syndicate of Cleveland, owning and controlling properties capitalized at $130,000,000. Enormous street railway, telephone and banking interests are involved and to protect the interests of creditors and stockholders the affairs of the syndicate were turned over Thursday to a committee of seven bankers of Cleveland, who will manage the properties concerned and endeavor to obtain an extension for eighteen months of financial obligations that fell due Jan. 1 or will fall due shortly.