HISTORICAL ENCYCLOPEDIA OF ILLINOIS.
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capital stock is $1,500,000. Annual dividends of 8 per cent are guaranteed, payable semi-annu-ally. (See Chicago, Rock Island & Pacific Railway.}
PEORIA & EASTERN RAILROAD. Of this line the Cleveland, Cincinnati, Chicago & St. Louis Railroad Company is the lessee. Its total length is 350j^ miles, 132 of which he in Illinois -123 being owned by the Company, That portion within this State extends east from Pekin to the Indiana State line, in addition to which the Company has trackage facilities over the line of the Peoria & Pekin Union Railway (9 miles) to Peoria. The gauge is standard. The track is single, laid with sixty and sixty-seven-pound steel rails and ballasted almost wholly with gravel. The capital stock is $10,000,000. In 1895 it had a bonded debt of $13,603,000 and a floating debt of $1,261,130, making a total capitalization of $24,864,130.-(HISTORY.) The original of this corporation was the Danville, Urbana, Blooming-ton & Pekin Railroad, which was consolidated, in July, 1869, with the Indianapolis, Crawfordsville & Danville Railroad-the new corporation taking the name of the Indianapolis, Blooming-ton & Western-and was opened to Pekin the same year. In 1874 it passed into the hands of a receiver, was sold under foreclosure in 1879, and reorganized as the Indiana, Bloomington & Western Railway Company. The next change occurred in 1881, when it was consolidated with an Ohio corporation (the Ohio, Indiana & Pacific Railroad), again undergoing a slight change of name in its reorganization as the Indiana, Bloomington & Western Railroad Company. In 1886 it again got into financial straits, was placed in charge of a receiver and sold to a reorganization committee, and, in January, 1887, took the name of the Ohio, Indiana & Western Railway Company. The final reorganization, under its present name, took place in February, 1890, when it was leased to the Cleveland, Cincinnati, Chicago & St. Louis Railway, by which it is operated. (See Cleveland, Cincinnati, Chicago & St. Louis Railway.)
PEORIA & HANNIBAL RAILROAD. (See Chicago, Burlington & Quincy Railroad.}
PEORIA & OQUAWKA RAILROAD. (See Chicago, Burlington & Quincy Railroad.)
PEORIA & PEKIN UNION RAILWAY. A line c
Dundee Area History
