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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. Three receivers for the firm were appointed, first in
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and the inability of large utilities, with significant market capitalizations, to remain solvent.
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Its failure in 1934 reflects the difficult economic climate of the
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183:, Wall Street Journal, March 15, 1934, pg. 4.
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74:Central West Public Service Corporation
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230:Defunct companies based in Chicago
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165:Central West Public Service
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