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Franklin Street Terminal
The Franklin Street Terminal was a rapid transit station on the Chicago "L" that was the eastern terminus of the Metropolitan West Side Elevated Railroad from 1895 to 1897. The Metropolitan West Side Elevated Railroad Company had intended to construct its eastern end at Fifth Avenue, a block east of Franklin Street, but right-of-way acquisition costs had proven prohibitive so it settled on Franklin Street to house its terminal and offices. Rather than demolish the buildings on the site, the company opted to gut their second and third floors and run its tracks through them. The Loop, an elevated railroad structure connecting the downtown lines, opened in 1897, leading to the Metropolitan closing the Franklin Street Terminal; it was the second shortest-lived station in "L" history. Closing the terminal created issues, however, as the Loop frequently overflowed, leading to the railroad needing a new terminal to accommodate excess traffic. This terminal, which opened in 1904, was b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago 'L'
(''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name = United States , subdivision_type1 = State , subdivision_type2 = Counties , subdivision_name1 = Illinois , subdivision_name2 = Cook and DuPage , established_title = Settled , established_date = , established_title2 = Incorporated (city) , established_date2 = , founder = Jean Baptiste Point du Sable , government_type = Mayor–council , governing_body = Chicago City Council , leader_title = Mayor , leader_name = Lori Lightfoot ( D) , leader_title1 = City Clerk , leader_name1 = Anna Valencia ( D) , unit_pref = Imperial , area_footnotes = , area_tota ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cermak Branch
The Cermak branch, formerly known as the Douglas branch, is a long section of the Pink Line of the Chicago "L" system in Chicago, Illinois. It was built by the Metropolitan West Side Elevated west of the Loop. As of February 2013, it serves an average of 17,474 passengers every weekday. The branch serves the Near West Side, Pilsen, Lower West Side, South Lawndale, and North Lawndale neighborhoods of Chicago, and the west suburb Cicero, Illinois. The branch operates from 4:05 a.m. to 1:25 a.m., weekdays, and Saturdays from 5:05 a.m. to 1:25 a.m., and Sundays from 5:00 a.m. to 1:25 a.m., including holidays. History Initially known as the Douglas Park branch, construction began in June 1893 and the line was inaugurated on April 28, 1896, between Marshfield Avenue and . The branch started off with four stations and was the shortest of the Metropolitan West Side Elevated. Construction time was longer than in other sections. On August 7, 1896, the D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Railway Age
''Railway Age'' is an American trade magazine for the rail transport industry. It was founded in 1856 in Chicago (the United States' major railroad hub) and is published monthly by Simmons-Boardman Publishing Corporation. History The magazine's original title was the ''Western Railroad Gazette,'' and was renamed the ''Railroad Gazette'' in 1870. In June 1908, after purchasing its chief rival, ''The Railway Age'' (founded in 1876 in Chicago), it changed its title to ''Railroad Age Gazette'', then in January 1910, to ''Railway Age Gazette''. In 1918 it shortened its name to the current title. ''Railway Review'' (originally the ''Chicago Railway Review'') was merged into ''Railway Age'' in 1927. Publications that have been merged into ''Railway Age'' include ''American Railroad Journal'', founded 1832, renamed ''The Railroad and Engineering Journal'' in 1887 by its then new owner/editor, Matthias N. Forney. It became ''American Engineer & Railroad Journal'' in 1883, then ''Railway ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Railroad Car
A railroad car, railcar (American and Canadian English), railway wagon, railway carriage, railway truck, railwagon, railcarriage or railtruck (British English and UIC), also called a train car, train wagon, train carriage or train truck, is a vehicle used for the carrying of cargo or passengers on a rail transport system (a railroad/railway). Such cars, when coupled together and hauled by one or more locomotives, form a train. Alternatively, some passenger cars are self-propelled in which case they may be either single railcars or make up multiple units. The term "car" is commonly used by itself in American English when a rail context is implicit. Indian English sometimes uses "bogie" in the same manner, though the term has other meanings in other variants of English. In American English, "railcar" is a generic term for a railway vehicle; in other countries "railcar" refers specifically to a self-propelled, powered, railway vehicle. Although some cars exist for the railroa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jackson Park Station (World's Fair)
Jackson Park was a terminal on the Jackson Park Branch of the Chicago 'L' (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name .... The station opened on May 12, 1893, and closed on October 31, 1893, with the conclusion of the World's Columbian Exposition. References External links Jackson Park station pageat Chicago-L.org Defunct Chicago "L" stations Railway stations in the United States opened in 1893 Railway stations closed in 1893 1893 establishments in Illinois 1893 disestablishments in the United States Chicago "L" terminal stations {{Chicago-railstation-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northwestern Elevated Railroad
The Northwestern Elevated Railroad was the last of the privately constructed rapid transit lines to be built in Chicago. The line ran from the Loop in downtown Chicago north to Wilson Avenue in Chicago's Uptown neighborhood with a branch to Ravenswood and Albany Park that left the main line at Clark Street. The Ravenswood line is now operated as the Brown Line, while the Main Line is used by the Purple and Red Lines. History Beginnings The Northwestern Elevated Railroad Company was incorporated on October 30, 1893,Borzo, ''The Chicago "L"'', p. 61. and on January 8, 1894, it was granted a 50-year franchise by the City of Chicago. The original franchise stipulated that service between a downtown location to the south of the Chicago River and Wilson Avenue was to begin by December 31, 1897. This franchise was altered in 1895 to allow the line to connect to the new Union Loop, and the deadline for completion was later extended to May 31, 1899. Construction of the line started in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interest
In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party. It is also distinct from dividend which is paid by a company to its shareholders (owners) from its profit or reserve, but not at a particular rate decided beforehand, rather on a pro rata basis as a share in the reward gained by risk taking entrepreneurs when the revenue earned exceeds the total costs. For example, a customer would usually pay interest to borrow from a bank, so they pay the bank an amount which is more than the amount they borrowed; or a customer may earn interest on their savings, and so they may withdraw more than they originally deposited. In the case of savings, the customer is the lender, and the bank plays the role of the borrower. Interest diff ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Receivership
In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in cases where a company cannot meet its financial obligations and is said to be insolvent.Philip, Ken, and Kerin Kaminski''Secured Lender'', January/February 2007, Vol. 63 Issue 1, pages 30-34,36. The receivership remedy is an equitable remedy that emerged in the English chancery courts, where receivers were appointed to protect real property. Receiverships are also a remedy of last resort in litigation involving the conduct of executive agencies that fail to comply with constitutional or statutory obligations to populations that rely on those agencies for their basic human rights. Receiverships can be broadly divided into two types: *Those related to insolvency or enforcement of a security interest. *Those where either **One is Incapable of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canal Station (CTA Metropolitan Main Line)
Canal was a rapid transit station located on the Metropolitan main line of the Chicago "L". It was in existence from 1895 to 1958, when the entire main line was replaced by the Congress Line located in the median of the nearby Eisenhower Expressway. Starting in 1927, the interurban Chicago Aurora and Elgin Railroad (CA&E) also served the station, continuing until 1953. Throughout the second half of its existence, Canal connected with Chicago's Union Station, which was one of the city's rail terminals. History The Metropolitan main line and Logan Square branch commenced operations on May 6, 1895, containing several stations including Canal. The main line was replaced by the Congress Line in 1958, and it and its station were demolished accordingly. Union Station was rebuilt in 1925, and the new station included a transfer point to the Canal Street "L" station. The CA&E, which had used the Metropolitan's tracks since 1905, began service to Canal on August 1, 1927, to take advantage ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Damen Station (CTA Blue Line)
Damen is an elevated rapid transit station on the Chicago "L", currently serving the O'Hare branch of its Blue Line. Opened on May 6, 1895, as Robey, it is the oldest station on the Blue Line. The station serves the popular Bucktown and Wicker Park neighborhoods, and is consistently in the top 40 highest-ridership "L" stations. It has two wooden side platforms and a brick station house at street level. The west platform, serving southbound trains, contains a tower that has never been used but is a relic of the station's past. Robey was constructed by the Metropolitan West Side Elevated Railroad to serve its Logan Square and Humboldt Park branches, being the last stop on the Logan Square branch before the Humboldt Park branch diverged from it. The Metropolitan's operations, along with the rest of the "L", were assumed by the private Chicago Rapid Transit Company in 1924 and the public Chicago Transit Authority in 1947. The rail lines that had been constructed by the M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago River
The Chicago River is a system of rivers and canals with a combined length of that runs through the city of Chicago, including its center (the Chicago Loop). Though not especially long, the river is notable because it is one of the reasons for Chicago's geographic importance: the related Chicago Portage is a link between the Great Lakes and the Mississippi River Basin, and ultimately the Gulf of Mexico. The river is also noteworthy for its natural and human-engineered history. In 1887, the Illinois General Assembly decided to reverse the flow of the Chicago River through civil engineering by taking water from Lake Michigan and discharging it into the Mississippi River watershed, partly in response to concerns created by an extreme weather event in 1885 that threatened the city's water supply. In 1889, the Illinois General Assembly created the Chicago Sanitary District (now the Metropolitan Water Reclamation District) to replace the Illinois and Michigan Canal with the Chica ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Railway Electrification System
A railway electrification system supplies electric power to railway trains and trams without an on-board prime mover or local fuel supply. Electric railways use either electric locomotives (hauling passengers or freight in separate cars), electric multiple units (passenger cars with their own motors) or both. Electricity is typically generated in large and relatively efficient generating stations, transmitted to the railway network and distributed to the trains. Some electric railways have their own dedicated generating stations and transmission lines, but most purchase power from an electric utility. The railway usually provides its own distribution lines, switches, and transformers. Power is supplied to moving trains with a (nearly) continuous conductor running along the track that usually takes one of two forms: an overhead line, suspended from poles or towers along the track or from structure or tunnel ceilings, or a third rail mounted at track level and contacted by a s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
