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Gilman, Clinton And Springfield Railroad
The Gilman, Clinton and Springfield Railroad was a railroad of in length, chartered in 1867, that operated from 1871 until 1877 in the U.S. state of Illinois. It provided service from Springfield, the state capital, to Gilman, a junction point on the main line of the much larger Illinois Central Railroad. After operation for a short period as an independent short line, the Gilman, Clinton and Springfield underwent financial failure and was merged into the Chicago and Springfield Railroad, an affiliate of the Illinois Central. History The late 1860s and early 1870s, the period immediately following the American Civil War, was a boom time in the construction of American steam railroads, with investment capital abundant and rails laid to a large number of rural towns and counties that had not previously enjoyed service. The Gilman, Clinton and Springfield was an example of this phenomenon. Its backers were aware of a triangular, underserved slice of Illinois agricultural land i ...
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Illinois
Illinois ( ) is a state in the Midwestern United States. Its largest metropolitan areas include the Chicago metropolitan area, and the Metro East section, of Greater St. Louis. Other smaller metropolitan areas include, Peoria and Rockford, as well Springfield, its capital. Of the fifty U.S. states, Illinois has the fifth-largest gross domestic product (GDP), the sixth-largest population, and the 25th-largest land area. Illinois has a highly diverse economy, with the global city of Chicago in the northeast, major industrial and agricultural hubs in the north and center, and natural resources such as coal, timber, and petroleum in the south. Owing to its central location and favorable geography, the state is a major transportation hub: the Port of Chicago has access to the Atlantic Ocean through the Great Lakes and Saint Lawrence Seaway and to the Gulf of Mexico from the Mississippi River via the Illinois Waterway. Additionally, the Mississippi, Ohio, and W ...
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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 o ...
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Railway Companies Established In 1867
Rail transport (also known as train transport) is a means of transport that transfers passengers and goods on wheeled vehicles running on rails, which are incorporated in Track (rail transport), tracks. In contrast to road transport, where the vehicles run on a prepared flat surface, rail vehicles (rolling stock) are directionally guided by the tracks on which they run. Tracks usually consist of steel rails, installed on Railroad tie, sleepers (ties) set in track ballast, ballast, on which the rolling stock, usually fitted with metal wheels, moves. Other variations are also possible, such as "slab track", in which the rails are fastened to a concrete foundation resting on a prepared subsurface. Rolling stock in a rail transport system generally encounters lower friction, frictional resistance than rubber-tyred road vehicles, so passenger and freight cars (carriages and wagons) can be coupled into longer trains. The rail transport operations, operation is carried out by a ...
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Defunct Illinois Railroads
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product An end-of-life product (EOL product) is a product at the end of the product lifecycle which prevents users from receiving updates, indicating that the product is at the end of its useful life (from the vendor's point of view). At this stage, a ... * Obsolescence {{Disambiguation ...
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Canadian National
The Canadian National Railway Company (french: Compagnie des chemins de fer nationaux du Canada) is a Canadian Class I freight railway headquartered in Montreal, Quebec, which serves Canada and the Midwestern and Southern United States. CN is Canada's largest railway, in terms of both revenue and the physical size of its rail network, spanning Canada from the Atlantic coast in Nova Scotia to the Pacific coast in British Columbia across approximately of track. In the late 20th century, CN gained extensive capacity in the United States by taking over such railroads as the Illinois Central. CN is a public company with 22,600 employees, and it has a market cap of approximately CA$90 billion. CN was government-owned, having been a Canadian Crown corporation from its founding in 1919 until being privatized in 1995. , Bill Gates is the largest single shareholder of CN stock, owning a 14.2% interest through Cascade Investment and his own Bill and Melinda Gates Foundation. ...
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Illinois Route 54
Illinois Route 54 (IL 54) is a east–west highway in east-central Illinois. It passes through the cities of Clinton, Gibson City, and Onarga. Its western terminus is at Interstate 55 Interstate 55 (I-55) is a major Interstate Highway in the central United States. As with most primary Interstates that end in a five, it is a major cross-country, north–south route, connecting the Gulf of Mexico to the Great Lakes. The h ... (I-55) in Springfield. Its eastern terminus is at U.S. Route 45 (US 45) at Onarga, one mile (1.6 km) east of I-57. Route description IL 54 runs southwest-to-northeast from Springfield. It is now mainly a local road, as I-55 and I-57 have become preferred for long distance travel in the region. History Until 1972, IL 54 was signed as US 54. US 54 now terminates between Pittsfield and Griggsville at mile marker 35 on I-72/ US 36. The US 54 alignment between this point and IL 54's current western te ...
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Foreclosure
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower (mortgagor)'s equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure). Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt. While this equitable right exists, it is a cloud on title and the lender cannot be sure that they can repossess the property. Therefore, through the process of foreclosure, the lender seeks to immediate ...
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Hinckley V
Hinckley is a market town in south-west Leicestershire, England. It is administered by Hinckley and Bosworth Borough Council. Hinckley is the third largest settlement in the administrative county of Leicestershire, after Leicester and Loughborough. Hinckley is about halfway between Leicester and Coventry and borders Nuneaton in Warwickshire. Watling Street forms part of the Hinckley/Nuneaton border and the two towns are contiguous. Hinckley proper was recorded as having a population of 34,202, in the 2021 census. Hinckley is contiguous with the village of Burbage. The population of the combined urban area of Hinckley and Burbage was 50,712 in 2021. History In 2000, archaeologists from Northampton Archaeology discovered evidence of Iron Age and Romano-British settlement on land near Coventry Road and Watling Street. Hinckley has a recorded history going back to Anglo-Saxon times; the name Hinckley is Anglo-Saxon: "Hinck" is a personal name and "ley" is a meadow. By the t ...
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United States Supreme Court
The Supreme Court of the United States (SCOTUS) is the highest court in the federal judiciary of the United States. It has ultimate appellate jurisdiction over all U.S. federal court cases, and over state court cases that involve a point of federal law. It also has original jurisdiction over a narrow range of cases, specifically "all Cases affecting Ambassadors, other public Ministers and Consuls, and those in which a State shall be Party." The court holds the power of judicial review, the ability to invalidate a statute for violating a provision of the Constitution. It is also able to strike down presidential directives for violating either the Constitution or statutory law. However, it may act only within the context of a case in an area of law over which it has jurisdiction. The court may decide cases having political overtones, but has ruled that it does not have power to decide non-justiciable political questions. Established by Article Three of the United State ...
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Pennsylvania Railroad
The Pennsylvania Railroad (reporting mark PRR), legal name The Pennsylvania Railroad Company also known as the "Pennsy", was an American Class I railroad that was established in 1846 and headquartered in Philadelphia, Pennsylvania. It was named for the commonwealth in which it was established. By 1882, Pennsylvania Railroad had become the largest railroad (by traffic and revenue), the largest transportation enterprise, and the largest corporation in the world. Its budget was second only to the U.S. government. Over the years, it acquired, merged with, or owned part of at least 800 other rail lines and companies. At the end of 1926, it operated of rail line;This mileage includes companies independently operated. PRR miles of all tracks, which includes first (or main), second, third, fourth, and sidings, totalled 28,040.49 at the end of 1926. in the 1920s, it carried nearly three times the traffic as other railroads of comparable length, such as the Union Pacific and Atchison, T ...
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Bribery
Bribery is the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official, or other person, in charge of a public or legal duty. With regard to governmental operations, essentially, bribery is "Corrupt solicitation, acceptance, or transfer of value in exchange for official action." Gifts of money or other items of value which are otherwise available to everyone on an equivalent basis, and not for dishonest purposes, is not bribery. Offering a discount or a refund to all purchasers is a legal rebate and is not bribery. For example, it is legal for an employee of a Public Utilities Commission involved in electric rate regulation to accept a rebate on electric service that reduces their cost for electricity, when the rebate is available to other residential electric customers. However, giving a discount specifically to that employee to influence them to look favorably on the electric utility's rate increase applications would be consi ...
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