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Central West Public Service Corporation : ウィキペディア英語版
Central West Public Service Corporation

Central West Public Service Corporation was a Chicago, Illinois〔''Central West Public Service'', Wall Street Journal, March 17, 1934, pg.2.〕 based utility company which operated in Iowa, South Dakota, Texas, and Minnesota. It owned
stock in other utilities which operated in Illinois, North Carolina, North Dakota, Nebraska, Virginia, and West Virginia.
Its failure in 1934 reflects the difficult economic climate of the Great Depression and the inability of large utilities, with significant market capitalizations, to remain solvent.
==Insolvency==

The power
corporation went into receivership in March 1934 after defaulting on interest payments on its first lien collateral gold bonds, its ten-year convertible 6% debentures, and its 7% gold notes.〔''Central West
P.S. Co.'', Wall Street Journal, March 15, 1934, pg. 4.〕 Three receivers for the firm were appointed, first in Wilmington, Delaware〔 and Sioux City, Iowa,〔''Receivers For Utilities'', New York Times, March 14, 1934, pg. 29.〕 and later in Chicago.〔 Central West Public Service Corporation reported an outstanding indebtedness of $12,800,000 at the time of its
failure.〔

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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