The Chicago, Milwaukee, St. Paul and Pacific Railroad (A CMStP&P ), better known as the Milwaukee Road ( reporting mark MILW ), was a Class I railroad that operated in the Midwest and Northwest of the United States from 1847 until 1986.
151-631: The company experienced financial difficulty through the 1970s and 1980s, including bankruptcy in 1977 (though it filed for bankruptcy twice in 1925 and 1935, respectively). In 1980, it abandoned its Pacific Extension, which included track in the states of Montana , Idaho , and Washington . The remaining system was merged into the Soo Line Railroad ( reporting mark SOO ), a subsidiary of Canadian Pacific Kansas City ( reporting mark CPKC ), on January 1, 1986. Much of its historical trackage remains in use by other railroads. The company brand
302-585: A European was in the journal of Jacques Legardeur de Saint-Pierre in 1752, where they were called " montagnes de Roche ". Another name given to the place by the Cree is ᐊᓭᓂᐓᒉ Aseniwuche . The Rocky Mountains are the easternmost portion of the expansive North American Cordillera . They are often defined as stretching from the Liard River in British Columbia south to the headwaters of
453-562: A Statement of Affairs document, also known as a Bankruptcy Form, with AFSA, which includes important information about their assets and liabilities. A bankruptcy cannot be discharged until this document has been lodged. Ordinarily, a bankruptcy lasts three years from the filing of the Statement of Affairs with AFSA. A Bankruptcy Trustee (in most cases, the Official Trustee at AFSA) is appointed to deal with all matters regarding
604-500: A bankrupt may be able to raise enough funds to make an Offer of Composition to creditors, which would have the effect of paying the creditors some of the money they are owed. If the creditors accept the offer, the bankruptcy can be annulled after the funds are received. After the bankruptcy is annulled or the bankrupt has been automatically discharged, the bankrupt's credit report status is shown as "discharged bankrupt" for some years. The maximum number of years this information can be held
755-515: A bankruptcy law ( ley concurs ) in 2003 which provides for debt settlement plans that can result in a reduction of the debt (maximally half of the amount) or an extension of the payment period of maximally five years (Gerhardt, 2009), but it does not foresee debt discharge. In the US, it is very difficult to discharge federal or federally guaranteed student loan debt by filing bankruptcy. Unlike most other debts, those student loans may be discharged only if
906-519: A consequence, most Athenian slaves were foreigners (Greek or otherwise). The Statute of Bankrupts of 1542 was the first statute under English law dealing with bankruptcy or insolvency . Bankruptcy is also documented in East Asia . According to al-Maqrizi , the Yassa of Genghis Khan contained a provision that mandated the death penalty for anyone who became bankrupt three times. A failure of
1057-439: A debtor attempts to later assert ownership of such an "unscheduled asset" after being discharged of all debt in the bankruptcy. The trustee may then seize the asset and liquidate it for the benefit of the (formerly discharged) creditors. Whether or not a concealment of such an asset should also be considered for prosecution as fraud or perjury would then be at the discretion of the judge or U.S. Trustee. In some countries, such as
1208-410: A debtor making monthly payments for a maximum of five years, with the funds distributed to their creditors. Even though most proposals call for payments of less than the full amount of the debt owing, in most cases, the creditors accept the deal—because if they do not, the next alternative may be personal bankruptcy, in which the creditors get even less money. The creditors have 45 days to accept or reject
1359-613: A debtor with debts to a maximum of $ 250,000 (not including the mortgage on their principal residence). If debts are greater than $ 250,000, the proposal must be filed under Division 1 of Part III of the Bankruptcy and Insolvency Act . An Administrator is required in the Consumer Proposal, and a Trustee in the Division I Proposal (these are virtually the same although the terms are not interchangeable). A Proposal Administrator
1510-455: A fair and orderly manner by all licensed Trustees in Canada. Trustees in bankruptcy, 1041 individuals licensed to administer insolvencies, bankruptcy and proposal estates are governed by the Bankruptcy and Insolvency Act of Canada. Bankruptcy is filed when a person or a company becomes insolvent and cannot pay their debts as they become due and if they have at least $ 1,000 in debt. In 2011,
1661-602: A merger with a larger system, not a slightly smaller one, could save the railroad. Almost immediately, the railroad filed unsuccessfully with the ICC to be included in the Union Pacific merger with the Chicago, Rock Island and Pacific Railroad . By the mid-1970s, deferred maintenance on Milwaukee Road's physical plant, which had been increasing throughout the 1960s as it attempted to improve its financial appearance for merger,
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#17327876097061812-523: A mixture of white pine, fir, and spruce that appear as shrub-like krummholz . Finally, rivers and canyons can create a unique forest zone in more arid parts of the mountain range. The Rocky Mountains are an important habitat for a great deal of well-known wildlife, such as wolves , elk , moose , mule and white-tailed deer , pronghorn , mountain goats , bighorn sheep , badgers , black bears , grizzly bears , coyotes , lynxes , cougars , and wolverines . North America's largest herds of elk are in
1963-427: A nation to meet bond repayments has been seen on many occasions. In a similar way, Philip II of Spain had to declare four state bankruptcies in 1557, 1560, 1575 and 1596. According to Kenneth S. Rogoff, "Although the development of international capital markets was quite limited prior to 1800, we nevertheless catalog the various defaults of France , Portugal , Prussia , Spain , and the early Italian city-states. At
2114-402: A period of five years; debt slaves had protection of life and limb, which regular slaves did not have. However, servants of the debtor could be retained beyond that deadline by the creditor and were often forced to serve their new lord for a lifetime, usually under significantly harsher conditions. An exception to this rule was Athens , which by the laws of Solon forbade enslavement for debt; as
2265-465: A person bankrupt by compulsory procedure. Basically, these obligations are derived from the legal acts of the court, transactions, the obligation of the debtor to pay taxes, duties, and other fees defined by law. At the same time, when being declared bankrupt with a voluntary bankruptcy application, the applicant bears the obligation to prove the fact that the value of his assets is less than his assets by one million AMD or more. In Australia, bankruptcy
2416-433: A reduction of 8.6% over 2010. Some of the duties of the trustee in bankruptcy are to: Creditors become involved by attending creditors' meetings. The trustee calls the first meeting of creditors for the following purposes: In Canada, a person can file a consumer proposal as an alternative to bankruptcy. A consumer proposal is a negotiated settlement between a debtor and their creditors. A typical proposal would involve
2567-893: A similar relationship to tourism promotions by the Great Northern Railway . While settlers filled the valleys and mining towns, conservation and preservation ethics began to take hold. U.S. President Benjamin Harrison established several forest reserves in the Rocky Mountains in 1891–1892. In 1905, U.S. President Theodore Roosevelt extended the Medicine Bow Forest Reserve to include the area now managed as Rocky Mountain National Park . Economic development began to center on mining, forestry , agriculture, and recreation , as well as on
2718-730: Is a white-collar crime most typically involving concealment of assets by a debtor to avoid liquidation in bankruptcy proceedings. It may include filing of false information, multiple filings in different jurisdictions, bribery, and other acts. While difficult to generalize across jurisdictions, common criminal acts under bankruptcy statutes typically involve concealment of assets, concealment or destruction of documents, conflicts of interest, fraudulent claims, false statements or declarations, and fee fixing or redistribution arrangements. Falsifications on bankruptcy forms often constitute perjury . Multiple filings are not in and of themselves criminal, but they may violate provisions of bankruptcy law. In
2869-400: Is a court procedure required by the debtor which has been in business for more than two years and requires approval by a judge. The Extrajudicial Restructuring ( Recuperação Extrajudicial ) is a private negotiation that involves creditors and debtors and, as with court-ordered restructuring, also must be approved by courts. Bankruptcy, also referred to as insolvency in Canada, is governed by
3020-464: Is a payment period of three years; however, the court reserves the right to increase or decrease the period depending upon the circumstances of the case. If the debtor has no proven financial ability to pay the creditors, he may be granted an immediate discharge. Since 1996, Israeli personal bankruptcy law has shifted to a relatively debtor-friendly regime, not unlike the American model. In May 2016,
3171-561: Is a status which applies to individuals and is governed by the federal Bankruptcy Act 1966 . Companies do not go bankrupt but rather go into liquidation or administration , which is governed by the federal Corporations Act 2001 . If a person commits an act of bankruptcy, then a creditor can apply to the Federal Circuit Court or the Federal Court for a sequestration order . Acts of bankruptcy are defined in
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#17327876097063322-559: Is above a certain threshold. If the bankrupt fails to pay, the trustee can ask the Official Receiver to issue a notice to garnishee the bankrupt's wages. If that is not possible, the Trustee may seek to extend the bankruptcy for a further three or five years. Bankruptcies can be annulled, and the bankrupt released from bankruptcy, prior to the expiration of the normal three-year period if all debts are paid out in full. Sometimes
3473-515: Is almost always a licensed trustee in bankruptcy, although the Superintendent of Bankruptcy may appoint other people to serve as administrators. In 2006, there were 98,450 personal insolvency filings in Canada: 79,218 bankruptcies and 19,232 consumer proposals. In Canada, bankruptcy always means liquidation. There is no way for a company to emerge from bankruptcy after restructuring, as
3624-752: Is commemorated by buildings like the historic Milwaukee Road Depot in Minneapolis and preserved locomotives such as Milwaukee Road 261 which operates excursion trains. The railroad that became the Milwaukee Road began as the Milwaukee and Waukesha Railroad in Wisconsin , whose goal was to link the developing Lake Michigan port City of Milwaukee with the Mississippi River . The company incorporated in 1847, but changed its name to
3775-571: Is conditioned by a partial payment obligation and by a number of requirements concerning the debtor's behavior. In the United States (US), discharge is conditioned to a lesser extent. The spectrum is broad in the EU, with the UK coming closest to the US system (Reifner et al., 2003; Gerhardt, 2009; Frade, 2010). The Other Member States do not provide the option of a debt discharge. Spain, for example, passed
3926-486: Is imposed by a court order , often initiated by the debtor . Bankrupt is not the only legal status that an insolvent person may have, and the term bankruptcy is therefore not a synonym for insolvency . The word bankruptcy is derived from Italian banca rotta , literally meaning ' broken bank ' . The term is often described as having originated in Renaissance Italy , where there allegedly existed
4077-794: Is in the Rocky Mountains and designates the line at which waters flow either to the Atlantic or Pacific Oceans. Triple Divide Peak (2,440 m or 8,020 ft) in Glacier National Park is so named because water falling on the mountain reaches not only the Atlantic and Pacific but Hudson Bay as well. Farther north in Alberta, the Athabasca and other rivers feed the basin of the Mackenzie River , which has its outlet on
4228-706: Is natural gas that arises from coal, either through bacterial action or through exposure to high temperature. Coalbed methane supplies 7 percent of the natural gas used in the U.S. The largest coalbed methane sources in the Rocky Mountains are in the San Juan Basin in New Mexico and Colorado and the Powder River Basin in Wyoming. These two basins are estimated to contain 38 trillion cubic feet of gas. Coalbed methane can be recovered by dewatering
4379-557: Is subject to the retention limits under the Privacy Act. How long such information is on a credit report may be shorter, depending on the issuing company, but the report must cease to record that information based on the criteria in the Privacy Act. In Brazil , the Bankruptcy Law (11.101/05) governs court-ordered or out-of-court receivership and bankruptcy and only applies to public companies (publicly traded companies) with
4530-459: Is the case in the United States with a Chapter 11 bankruptcy filing. Canada does, however, have laws that allow for businesses to restructure and emerge later with a smaller debt load and a more positive financial future. While not technically a form of bankruptcy, businesses with $ 5M or more in debt may make use of the Companies' Creditors Arrangement Act to halt all debt recovery efforts against
4681-400: Is to liquidate company assets and pay its creditors. The second one is Court-ordered Restructuring ( Recuperação Judicial ). The goal is to overcome the business crisis situation of the debtor in order to allow the continuation of the producer, the employment of workers and the interests of creditors, leading, thus, to preserving company, its corporate function and develop economic activity. It
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4832-572: The 49th parallel north as the international boundary west from Lake of the Woods to the "Stony Mountains"; the UK and the US agreed to what has since been described as "joint occupancy" of lands further west to the Pacific Ocean. Resolution of the territorial and treaty issues, the Oregon dispute , was deferred until a later time. In 1819, Spain ceded their rights north of the 42nd Parallel to
4983-479: The Alberta–British Columbia foothills forests . The status of most species in the Rocky Mountains is unknown, due to incomplete information. European-American settlement of the mountains has adversely impacted native species. Examples of some species that have declined include western toads , greenback cutthroat trout , white sturgeon , white-tailed ptarmigan , trumpeter swan , and bighorn sheep. In
5134-547: The Apache , Arapaho , Bannock , Blackfoot , Cheyenne , Coeur d'Alene , Kalispel , Crow Nation , Flathead , Shoshone , Sioux , Ute , Kutenai (Ktunaxa in Canada), Sekani , Dunne-za , and others. Paleo-Indians hunted the now-extinct mammoth and ancient bison (an animal 20% larger than modern bison) in the foothills and valleys of the mountains. Like the modern tribes that followed them, Paleo-Indians probably migrated to
5285-571: The Bankruptcy and Insolvency Act and is applicable to businesses and individuals. For example, Target Canada , the Canadian subsidiary of the Target Corporation , the second-largest discount retailer in the United States filed for bankruptcy on January 15, 2015, and closed all of its stores by April 12. The office of the Superintendent of Bankruptcy , a federal agency , is responsible for ensuring that bankruptcies are administered in
5436-810: The Beaufort Sea of the Arctic Ocean. Human population is not very dense in the Rockies, with an average of four people per square kilometer and few cities with over 50,000 people. However, the human population grew rapidly in the Rocky Mountain states between 1950 and 1990. The forty-year statewide increases in population range from 35% in Montana to about 150% in Utah and Colorado. The populations of several mountain towns and communities have doubled in
5587-709: The Bull Lake Glaciation , which began about 150,000 years ago, and the Pinedale Glaciation , which perhaps remained at full glaciation until 15,000–20,000 years ago. All of these geological processes exposed a complex set of rocks at the surface. For example, volcanic rock from the Paleogene and Neogene periods (66 million – 2.6 million years ago) occurs in the San Juan Mountains and in other areas. Millennia of severe erosion in
5738-608: The Canadian Pacific Railway eventually followed the Kicking Horse and Rogers Passes to the Pacific Ocean. Canadian railway officials also convinced Parliament to set aside vast areas of the Canadian Rockies as Jasper , Banff , Yoho , and Waterton Lakes National Parks , laying the foundation for a tourism industry which thrives to this day. Glacier National Park (MT) was established with
5889-902: The Canadian Rockies . The eastern edge of the Rockies rises dramatically above the Interior Plains of central North America, including the Sangre de Cristo Mountains of New Mexico and Colorado , the Front Range of Colorado, the Wind River Range and Big Horn Mountains of Wyoming , the Absaroka - Beartooth ranges and Rocky Mountain Front of Montana and the Clark Range of Alberta . Central ranges of
6040-507: The Climax mine, near Leadville, Colorado , was the largest producer of molybdenum in the world. Molybdenum is used in heat-resistant steel in such things as cars and planes. The Climax mine employed over 3,000 workers. The Coeur d'Alene mine of northern Idaho produces silver, lead, and zinc. Canada's largest coal mines are near Fernie, British Columbia and Sparwood , British Columbia; additional coal mines exist near Hinton, Alberta , and in
6191-706: The Columbia District for Britain. The party crossed the Rockies into the Columbia Valley , a region of the Rocky Mountain Trench near present-day Radium Hot Springs , British Columbia, then traveled south. Despite such efforts, in 1846, Britain ceded all claim to Columbia District lands south of the 49th parallel to the United States; as resolution to the Oregon boundary dispute by the Oregon Treaty . Thousands passed through
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6342-572: The Gallatin Gateway Inn in Montana, southwest of Bozeman , via a spur from Three Forks . The reorganized company scarcely had a chance for success before the Great Depression hit. Despite innovations such as the famous Hiawatha high-speed trains that exceeded 100 mph (160 km/h), the railroad again filed for bankruptcy in 1935. The Milwaukee Road operated under trusteeship until December 1, 1945. During WWII
6493-513: The Lewis and Clark Expedition , natural resources such as minerals and fur drove the initial economic exploitation of the mountains, although the range itself never experienced a dense population. Most of the highest summits of the Rocky Mountains are in Colorado , with that state having an average elevation in excess of 2,000 metres (6,600 ft). Public parks and forest lands protect much of
6644-676: The Liard River and east of the Rocky Mountain Trench , and do not extend into Yukon , Northwest Territories or central British Columbia . They are divided into three main groups: the Muskwa Ranges , Hart Ranges (collectively called the Northern Rockies ) and Continental Ranges . Other more northerly mountain ranges of the eastern Canadian Cordillera continue beyond the Liard River valley, including
6795-483: The Milwaukee District North Line and Milwaukee District West Line . Canadian Pacific dispatches Metra trains while running freight trains on both of these lines via trackage rights. Bankruptcy Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy
6946-711: The Milwaukee District West and Milwaukee District North Lines respectively, were turned over to the Northeast Illinois Regional Commuter Rail Corporation, a forerunner of commuter rail agency Metra ). Still in reorganization, the Milwaukee Road attracted interest from three potential buyers: the Grand Trunk Corporation , the Chicago and North Western Railway , and the Soo Line Railroad . The Interstate Commerce Commission approved
7097-581: The Milwaukee and Mississippi Railroad in 1850 before construction began. Its first line, 5 miles (8.0 km) long, opened between Milwaukee and Wauwatosa , on November 20, 1850. Extensions followed to Waukesha in February 1851, Madison , and finally the Mississippi River at Prairie du Chien in 1857. As a result of the financial panic of 1857, the M&;M went into receivership in 1859, and
7248-515: The North American plate . The angle of subduction was shallow, resulting in a broad belt of mountains running down western North America. Since then, further tectonic activity and erosion by glaciers have sculpted the Rockies into dramatic peaks and valleys. At the end of the last ice age , humans began inhabiting the mountain range. After explorations of the range by Europeans, such as Sir Alexander Mackenzie , and Anglo-Americans, such as
7399-447: The Paleozoic , western North America lay underneath a shallow sea, which deposited many kilometers of limestone and dolomite . In the southern Rockies, near present-day Colorado, these ancestral rocks were disturbed by mountain building approximately 300 Ma , during the Pennsylvanian . This mountain-building produced the Ancestral Rocky Mountains. They consisted largely of Precambrian metamorphic rock forced upward through layers of
7550-563: The Parliament of India passed the Insolvency and Bankruptcy Code (IBC), updating outdated corporate insolvency laws. The IBC streamlined the process, reducing delays from a decade to 180 days, and replaced the Board for Industrial and Financial Reconstruction (BIFR) with a market-driven approach. Dutch bankruptcy law is governed by the Dutch Bankruptcy Code ( Faillissementswet ). The code covers three separate legal proceedings. Federal Law No. 127-FZ "On Insolvency (Bankruptcy)" dated 26 October 2002 (as amended) (the "Bankruptcy Act"), replacing
7701-405: The Pecos River , a tributary of the Rio Grande , in New Mexico. The Rockies vary in width from 110 to 480 kilometres (70 to 300 miles). The Rocky Mountains contain the highest peaks in central North America. The range's highest peak is Mount Elbert in Colorado at 4,401 metres (14,440 feet) above sea level. Mount Robson in British Columbia, at 3,954 m (12,972 ft), is the highest peak in
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#17327876097067852-410: The Rio Grande rift and north of the Sandia–Manzano Mountain Range . Being the easternmost portion of the North American Cordillera , the Rockies are distinct from the tectonically younger Cascade Range and Sierra Nevada , which both lie farther to its west. The Rockies formed 55 million to 80 million years ago during the Laramide orogeny , in which a number of plates began sliding underneath
8003-510: The Sawtooths in central Idaho. The Great Basin and Columbia River Plateau separate these subranges from distinct ranges further to the west. In Canada, the western edge of the Rockies is formed by the huge Rocky Mountain Trench , which runs the length of British Columbia from its beginning as the Kechika Valley on the south bank of the Liard River , to the middle Lake Koocanusa valley in northwestern Montana. The Canadian Rockies are defined by Canadian geographers as everything south of
8154-404: The Selwyn , Mackenzie and Richardson Mountains in Yukon as well as the British Mountains / Brooks Range in Alaska , but those are not officially recognized as part of the Rockies by the Geological Survey of Canada , although the Geological Society of America definition does consider them parts of the Rocky Mountains system as the "Arctic Rockies". The Continental Divide of the Americas
8305-520: The United Kingdom , bankruptcy is limited to individuals; other forms of insolvency proceedings (such as liquidation and administration ) are applied to companies. In the United States , bankruptcy is applied more broadly to formal insolvency proceedings. In some countries, such as in Finland, bankruptcy is limited only to companies and individuals who are insolvent are condemned to de facto indentured servitude or minimum social benefits until their debts are paid in full, with accrued interest except when
8456-430: The Wyoming Basin transformed intermountain basins into a relatively flat terrain. The Tetons and other north-central ranges contain folded and faulted rocks of Paleozoic and Mesozoic age draped above cores of Proterozoic and Archean igneous and metamorphic rocks ranging in age from 1.2 billion (e.g., Tetons) to more than 3.3 billion years ( Beartooth Mountains ). There are a wide range of environmental factors in
8607-406: The "Hill Lines" was approved at around the same time, and the merged Burlington Northern came into being. The formation of Burlington Northern in 1970 from the merger of Northern Pacific , Great Northern , Burlington Route , and the Spokane, Portland and Seattle Railway on March 3 created a stronger competitor on most Milwaukee Road routes. To boost competition, the ICC gave the Milwaukee Road
8758-535: The "Rockies", becoming the first Europeans to report on this uncharted mountain range. Sir Alexander Mackenzie (1764 – March 11, 1820) became the first European to cross the Rocky Mountains in 1793. He found the upper reaches of the Fraser River and reached the Pacific coast of what is now Canada on July 20 of that year, completing the first recorded transcontinental crossing of North America north of Mexico. He arrived at Bella Coola, British Columbia , where he first reached saltwater at South Bentinck Arm, an inlet of
8909-407: The 1890s, the company's directors felt they had to extend the railroad to the Pacific to remain competitive with other railroads. A survey in 1901 estimated costs to build to the Pacific Northwest as $ 45 million ($ 1.32 billion in 2023 dollars). In 1905, the board approved the Pacific Extension, now estimated at $ 60 million ($ 1.58 billion in 2023 dollars). The contract for the western part of
9060-467: The Ancestral Rocky Mountains. Such sedimentary remnants were often tilted at steep angles along the flanks of the modern range; they are now visible in many places throughout the Rockies, and are shown along the Dakota Hogback , an early Cretaceous sandstone formation running along the eastern flank of the modern Rockies. Just after the Laramide orogeny, the Rockies were like Tibet : a high plateau, probably 6,000 metres (20,000 ft) above sea level. In
9211-479: The CMSt.P&P sponsored one of the Army's MRS units the 757th Railroad Shop Battalion. The Milwaukee Road enjoyed temporary success after World War II . Out of bankruptcy and with the wartime ban on new passenger service lifted, the company upgraded its trains. The Olympian Hiawatha began running between Chicago and the Puget Sound over the Pacific Extension in 1947, and the Twin Cities Hiawatha received new equipment in 1948. Dieselisation accelerated and
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#17327876097069362-427: The California and Alaska gold rushes combined and was important in the financing of the Union Army during the American Civil War . The transcontinental railroad was completed in 1869, and Yellowstone National Park was established as the world's first national park in 1872. Meanwhile, a transcontinental railroad in Canada was originally promised in 1871. Though political complications pushed its completion to 1885,
9513-472: The Canadian National Railway. Regional passenger trains that the Milwaukee Road operated from Chicago up to Amtrak 's assumption of passenger operations in 1971 included the Twin Cities Hiawatha serving Minneapolis, the Sioux serving Madison, Wisconsin , the Milwaukee Express serving Milwaukee, and the Varsity serving Madison. Amtrak still operates several services on the Milwaukee Road's Twin Cities mainline. Daily long distance service to and from
9664-443: The Cascades through the 2 + 1 ⁄ 4 -mile (3.6 km) Snoqualmie Tunnel , just south of Snoqualmie Pass and over 400 feet (120 m) lower in elevation. The single-track tunnel's east portal at Hyak included an adjacent company-owned ski area (1937−1950). Together, the 645 miles (1,038 km) of main-line electrification represented the largest such project in the world up to that time, and would not be exceeded in
9815-413: The Enforcement and Collection Authority. Insolvency proceedings above NIS 150,000 individual debtors file the documents will be conducted before the official receiver (the Insolvency Commissioner) and, if a creditor want to file against a debtor, he needs to open process, before the magistrate's court that hears in the district. Company bankruptcy will be conducted before District Court. Simultaneously, with
9966-407: The John Wayne Pioneer Trail) in Washington, Milwaukee Road Rail Trail in Idaho, Route of the Hiawatha Trail in Idaho and Montana, Route of the Olympian in Montana, Midtown Greenway in Minnesota, Bugline Trail in Wisconsin, and Milwaukee Road Transportation Trailway in Indiana all run on sections of the right-of-way among others. Today, both the Milwaukee Road and Soo Line Railroad trackage make up
10117-440: The Midwest US routes of the CPKC . Following the 1984 abandonment of the Pacific Extension, Tacoma Rail purchased all of Milwaukee's lines south of Tacoma. Starting in 1990, the Chehalis–Centralia Railroad began operating over the section from Centralia to Curtis. In 2010 the line was sold to the Port of Chehalis and in 2019, The railroad purchased the line from Chehalis to Ruth. In 2021 the section from Highway 6 West to Curtis
10268-441: The Milwaukee Road after the Soo Line sale was its holding company, the Milwaukee Land Company, reverted to Chicago Milwaukee Corporation ownership (CMC). Without the railroad, CMC's primary function became disposal or redevelopment of Milwaukee Road real estate not sold to the Soo Line, which stretched from Bedford, Indiana, to Washington state. The larger properties were developed into big-box retail or industrial sites. The CMC itself
10419-415: The Milwaukee Road also operated an extensive commuter rail service in the Chicago area. One branch served the northern suburbs and extended into the outer suburbs of Milwaukee, while another branch served the western suburbs. These services passed to the Regional Transportation Authority in 1982 after the Milwaukee Road's bankruptcy. They are still operated today by Metra , Chicago's commuter rail agency, as
10570-448: The Milwaukee Road exercised its right under the Burlington Northern merger to petition for inclusion based on its weak financial condition. The ICC denied it on March 2, 1977. Between 1974 and 1977, the Milwaukee Road lost $ 100 million, and the company filed for its third bankruptcy in 42 years on December 19, 1977. Judge Thomas R. McMillen presided over the bankruptcy until the Milwaukee Road's sale in 1985. The railroad's primary problem
10721-517: The Milwaukee Road for its "City" streamliners in 1955. The Milwaukee Road's Pioneer Limited was one of the first named trains and its colorful Hiawatha trains were among the nation's finest streamliners. The post-World War II Hiawatha trains remain a high-water mark for passenger train industrial design. Starting in November 1955, the Milwaukee Road assumed joint operation of the Union Pacific's City of Los Angeles , City of Portland , City of Denver , and Challenger trains as well as
10872-479: The Milwaukee Road held a staggering advantage over BN, carrying nearly 80% of the originating traffic along with 50% of the total container traffic leaving the Puget Sound (prior to severe service declines after roughly 1974). In 1970, the president of Chicago and North Western offered to sell the railroad to the Milwaukee Road outright. President William John Quinn refused, stating that it now believed only
11023-902: The Milwaukee Road's transcontinental service to the West Coast. While the Burlington Northern merger generated more traffic on this route, it was only enough to wear out the deteriorating track, not enough to pay for rebuilding. This forced trains to slow at many locations due to bad track. A final attempt to devise a plan to rehabilitate the Pacific Extension under the Milwaukee Road Restructuring Act failed. Operations ended west of Miles City, Montana , on February 29, 1980. The new, smaller railroad began earning small profits in 1982 (that same year, its two commuter rail lines, collectively known as
11174-616: The Native American cultures. Native American populations were extirpated from most of their historical ranges by disease, warfare, habitat loss (eradication of the bison), and continued assaults on their culture. In 1739, French fur traders Pierre and Paul Mallet, while journeying through the Great Plains, discovered a range of mountains at the headwaters of the Platte River , which local American Indian tribes called
11325-596: The Northern Rockies surrounding Tumbler Ridge, British Columbia . Abandoned mines with their wakes of mine tailings and toxic wastes dot the Rocky Mountain landscape. In one major example, eighty years of zinc mining profoundly polluted the river and bank near Eagle River in north-central Colorado. High concentrations of the metal carried by spring runoff harmed algae , moss , and trout populations. An economic analysis of mining effects at this site revealed declining property values, degraded water quality, and
11476-484: The Pacific Extension. Operating conditions in the mountain regions of the Pacific Extension proved difficult. Winter temperatures of −40 °F (−40 °C) in Montana made it challenging for steam locomotives to generate sufficient steam. The line snaked through mountainous areas, resulting in "long steep grades and sharp curves". Electrification provided an answer, especially with abundant hydroelectric power in
11627-872: The Pacific Northwest is provided by the Empire Builder along the Chicago-St. Paul route after the train was rerouted by Amtrak on the first day of operations on May 1, 1971. Amtrak also operates corridor services as the Hiawatha along the Chicago-Milwaukee section of the route. In 2024, Amtrak began service for the Borealis , supplementing the Empire Builder with an extra daily round trip from Chicago to St. Paul. For years,
11778-543: The Pacific Ocean. The Lewis and Clark Expedition (1804–1806) was the first scientific reconnaissance of the Rocky Mountains. Specimens were collected for contemporary botanists, zoologists, and geologists. The expedition was said to have paved the way to (and through) the Rocky Mountains for European-Americans from the East, although Lewis and Clark met at least 11 European-American mountain men during their travels. Mountain men , primarily French, Spanish, and British, roamed
11929-611: The Plains and the Alpine tundra . The Great Plains lie to the east of the Rockies and is characterized by prairie grasses (below roughly 550 m or 1,800 ft). Alpine tundra occurs in regions above the tree-line for the Rocky Mountains, which varies from 3,700 m (12,000 ft) in New Mexico to 760 m (2,500 ft) at the northern end of the Rockies (near the Yukon). The U.S. Geological Survey defines ten forested zones in
12080-959: The Rockies include the La Sal Range along the Utah -Colorado border, the Abajo Mountains and Henry Mountains of Southeastern Utah, the Uinta Range of Utah and Wyoming, and the Teton Range of Wyoming and Idaho. The western edge of the Rockies includes ranges such as the Wasatch near Salt Lake City , the San Juan Mountains of New Mexico and Colorado, the Bitterroots along the Idaho-Montana border, and
12231-464: The Rockies. Zones in more southern, warmer, or drier areas are defined by the presence of pinyon pines / junipers , ponderosa pines , or oaks mixed with pines . In more northern, colder, or wetter areas, zones are defined by Douglas firs , Cascadian species (such as western hemlock ), lodgepole pines / quaking aspens , or firs mixed with spruce . Near tree-line, zones can consist of white pines (such as whitebark pine or bristlecone pine ); or
12382-590: The Rocky Mountains from 1720 to 1800 seeking mineral deposits and furs. The fur-trading North West Company established Rocky Mountain House as a trading post in what is now the Rocky Mountain Foothills of present-day Alberta in 1799, and their business rivals the Hudson's Bay Company established Acton House nearby. These posts served as bases for most European activity in the Canadian Rockies in
12533-540: The Rocky Mountains is one of more rapid change. The Spanish explorer Francisco Vázquez de Coronado —with a group of soldiers and missionaries marched into the Rocky Mountain region from the south in 1540. In 1610, the Spanish founded the city of Santa Fe , the oldest continuous seat of government in the United States, at the foot of the Rockies in present-day New Mexico. The introduction of the horse, metal tools, rifles, new diseases, and different cultures profoundly changed
12684-622: The Rocky Mountains on the Oregon Trail beginning in the 1840s. The Mormons began settling near the Great Salt Lake in 1847. From 1859 to 1864, gold was discovered in Colorado, Idaho, Montana, and British Columbia, sparking several gold rushes bringing thousands of prospectors and miners to explore every mountain and canyon and to create the Rocky Mountains' first major industry. The Idaho gold rush alone produced more gold than
12835-562: The Rocky Mountains. The Rockies range in latitude between the Liard River in British Columbia (at 59° N) and the Rio Grande in New Mexico (at 35° N). Prairie occurs at or below 550 metres (1,800 ft), while the highest peak in the range is Mount Elbert at 4,400 metres (14,440 ft). Precipitation ranges from 250 millimetres (10 in) per year in the southern valleys to 1,500 millimetres (60 in) per year locally in
12986-518: The Superintendent of Bankruptcy reported that trustees in Canada filed 127,774 insolvent estates. Consumer estates were the vast majority, with 122 999 estates. The consumer portion of the 2011 volume is divided into 77,993 bankruptcies and 45,006 consumer proposals. This represented a reduction of 8.9% from 2010. Commercial estates filed by Canadian trustees in 2011 4,775 estates, 3,643 bankruptcies and 1,132 Division 1 proposals. This represents
13137-486: The Trustee's request to provide details of income, the trustee may have grounds to lodge an Objection to Discharge, which has the effect of extending the bankruptcy for a further three or five years depending on the type of Objection. The realisation of funds usually comes from two main sources: the bankrupt's assets and the bankrupt's wages. There are certain assets that are protected, referred to as protected assets . These include household furniture and appliances, tools of
13288-404: The U.S. portion of the mountain range, apex predators such as grizzly bears and wolf packs had been extirpated from their original ranges, but have partially recovered due to conservation measures and reintroduction . Other recovering species include the bald eagle and the peregrine falcon . Since the last great ice age, the Rocky Mountains were home first to indigenous peoples including
13439-443: The U.S., bankruptcy fraud statutes are particularly focused on the mental state of particular actions. Bankruptcy fraud is a federal crime in the United States. Bankruptcy fraud should be distinguished from strategic bankruptcy , which is not a criminal act since it creates a real (not a fake) bankruptcy state. However, it may still work against the filer. All assets must be disclosed in bankruptcy schedules whether or not
13590-763: The U.S., its northern terminus is located either in northern British Columbia 's Terminal Range south of the Liard River and east of the Trench , or in the northeastern foothills of the Brooks Range / British Mountains that face the Beaufort Sea coasts between the Canning River and the Firth River across the Alaska - Yukon border. Its southernmost point is near the Albuquerque area adjacent to
13741-561: The UP/ Southern Pacific City of San Francisco . After assuming operation of the UP's services, the Milwaukee Road gradually dropped its orange and maroon paint scheme in favor of UP's Armour yellow, grey, and red, finding the latter easier to keep clean. The Milwaukee Road's streamlined passenger services were unique in that most of its equipment was built by the railroad at its Milwaukee Menomonee Valley shops, including
13892-624: The US until the Pennsylvania Railroad 's efforts in the 1930s. The two separate electrified districts were never unified, as the 216-mile (348 km) Idaho Division (Avery to Othello) was comparatively flat down the St. Joe River to St. Maries and through eastern Washington , and posed few challenges for steam operation. Electrification cost $ 27 million, but resulted in savings of over $ 1 million per year from improved operational efficiency. The Chicago, Milwaukee, and Puget Sound Railway
14043-743: The United Kingdom and the United States over the next few decades failed to settle upon a compromise boundary and the Oregon Dispute became important in geopolitical diplomacy between the British Empire and the new American Republic. In 1841, James Sinclair , Chief Factor of the Hudson's Bay Company, guided some 200 settlers from the Red River Colony west to bolster settlement around Fort Vancouver in an attempt to retain
14194-560: The United States, though these rights did not include possession and also included obligations to Britain and Russia concerning their claims in the same region. After 1802, fur traders and explorers ushered in the first widespread American presence in the Rockies south of the 49th parallel. The more famous of these include William Henry Ashley , Jim Bridger , Kit Carson , John Colter , Thomas Fitzpatrick , Andrew Henry , and Jedediah Smith . On July 24, 1832, Benjamin Bonneville led
14345-494: The administration of the bankrupt estate. The Trustee's job includes notifying creditors of the estate and dealing with creditor inquiries; ensuring that the bankrupt complies with their obligations under the Bankruptcy Act; investigating the bankrupt's financial affairs; realising funds to which the estate is entitled under the Bankruptcy Act and distributing dividends to creditors if sufficient funds become available. For
14496-497: The business. For private households, it is important to assess the underlying problems and to minimize the risk of financial distress to recur. It has been stressed that debt advice, a supervised rehabilitation period, financial education and social help to find sources of income and to improve the management of household expenditures must be equally provided during this period of rehabilitation (Refiner et al. , 2003; Gerhardt, 2009; Frade, 2010). In most EU member States, debt discharge
14647-428: The coal bed, and separating the gas from the water; or injecting water to fracture the coal to release the gas (so-called hydraulic fracturing ). Agriculture and forestry are major industries. Agriculture includes dryland and irrigated farming and livestock grazing. Livestock are frequently moved between high-elevation summer pastures and low-elevation winter pastures, a practice known as transhumance . Every year
14798-830: The company purchased the Milwaukee and Northern Railroad; by now, the railroad had lines running through Wisconsin, Minnesota , Iowa , South Dakota , and the Upper Peninsula of Michigan . The corporate headquarters were moved from Milwaukee to the Rand McNally Building in Chicago, America's first all-steel framed skyscraper, in 1889 and 1890, with the car and locomotive shops staying in Milwaukee. The company's general offices were later located in Chicago's Railway Exchange building (built 1904) until 1924, at which time they moved to Chicago Union Station . In
14949-458: The company while they formulate a plan to restructure. The People's Republic of China legalized bankruptcy in 1986, and a revised law that was more expansive and complete was enacted in 2007. Bankruptcy in Ireland applies only to natural persons . Other insolvency processes including liquidation and examinership are used to deal with corporate insolvency. Irish bankruptcy law has been
15100-614: The consumer proposal. Once the proposal is accepted by both the creditors and the Court, the debtor makes the payments to the Proposal Administrator each month (or as otherwise stipulated in their proposal), and the general creditors are prevented from taking any further legal or collection action. If the proposal is rejected, the debtor is returned to his prior insolvent state and may have no alternative but to declare personal bankruptcy. A consumer proposal can only be made by
15251-452: The court by the creditor or with an application to recognize his own bankruptcy. Legal and natural persons, including individual entrepreneurs, who have an indisputable payment obligation exceeding 60 days and amounting to more than one million AMD can be declared bankrupt. All creditors, including the state and municipalities, to whom the person has an obligation that meets the above-mentioned minimum criteria can submit an application to declare
15402-581: The court decides to show rare clemency by accepting a debtors application for debt restructuring , in which case an individual may have the amount of remaining debt reduced or be released from the debt. In Argentina the national Act "24.522 de Concursos y Quiebras" regulates the Bankruptcy and the Reorganization of the individuals and companies, public entities are not included. A person may be declared bankrupt with an application submitted to
15553-401: The debtor believes the asset has a net value . This is because once a bankruptcy petition is filed, it is for the creditors, not the debtor, to decide whether a particular asset has value. The future ramifications of omitting assets from schedules can be quite serious for the offending debtor. In the United States, a closed bankruptcy may be reopened by motion of a creditor or the U.S. trustee if
15704-499: The duration of their bankruptcy, all bankrupts have certain restrictions placed upon them. For example, a bankrupt must obtain the permission of their trustee to travel overseas. Failure to do so may result in the bankrupt being stopped at the airport by the Australian Federal Police. Additionally, a bankrupt is required to provide their trustee with details of income and assets. If the bankrupt does not comply with
15855-722: The early 19th century. Among the most notable are the expeditions of David Thompson , who followed the Columbia River to the Pacific Ocean. On his 1811 expedition, he camped at the junction of the Columbia River and the Snake River and erected a pole and notice claiming the area for the United Kingdom and stating the intention of the North West Company to build a fort at the site. By the Anglo-American Convention of 1818 , which established
16006-415: The edge of Europe, Egypt, Russia, and Turkey have histories of chronic default as well." The principal focus of modern insolvency legislation and business debt restructuring practices no longer rests on the elimination of insolvent entities, but on the remodeling of the financial and organizational structure of debtors experiencing financial distress so as to permit the rehabilitation and continuation of
16157-544: The edge of the North American Plate boundary, far to the west of the Rocky Mountain region. It was not until 80 Ma that these effects began reaching the Rockies. The current Rocky Mountains arose in the Laramide orogeny from between 80 and 55 Ma. For the Canadian Rockies, the mountain building is analogous to pushing a rug on a hardwood floor: the rug bunches up and forms wrinkles (mountains). In Canada,
16308-429: The end of private intercity passenger operations in 1971. The Milwaukee prided itself on its passenger operations, providing the nation with some of its most innovative and colorful trains. The railroad's home-built equipment was among some of the best passenger equipment ever run on any American railroad. The Milwaukee's reputation for high-quality service was the principal reason that Union Pacific shifted its service to
16459-440: The exception of financial institutions, credit cooperatives, consortia, supplementary scheme entities, companies administering health care plans, equity companies and a few other legal entities. It does not apply to state-run companies. Current law covers three legal proceedings. The first one is bankruptcy itself ("Falência"). Bankruptcy is a court-ordered liquidation procedure for an insolvent business. The final goal of bankruptcy
16610-510: The first wagon train across the Rocky Mountains by using South Pass in the present State of Wyoming. Similarly, in the wake of Mackenzie's 1793 expedition, fur trading posts were established west of the Northern Rockies in a region of the northern Interior Plateau of British Columbia which came to be known as New Caledonia , beginning with Fort McLeod (today's community of McLeod Lake) and Fort Fraser , but ultimately focused on Stuart Lake Post (today's Fort St. James ). Negotiations between
16761-481: The forty years 1972–2012. Jackson, Wyoming , increased 260%, from 1,244 to 4,472 residents, in those forty years. The rocks in the Rocky Mountains were formed before the mountains were raised by tectonic forces. The oldest rock is Precambrian metamorphic rock that forms the core of the North American continent. There is also Precambrian sedimentary argillite , dating back to 1.7 billion years ago. During
16912-455: The four generations of Hiawatha equipment introduced in 1933–34, 1935, 1937–38, and 1947–48. Most striking were the " Beaver Tail " observation cars of the 1930s and the " Skytop Lounge " observation cars by industrial designer Brooks Stevens in the 1940s. Extended "Skytop Lounge" cars were also ordered from Pullman for Olympian Hiawatha service in 1951. The Olympian Hiawatha set, as well as some full-length " Super Domes " were later sold to
17063-491: The issue of the order for the commencement of insolvency proceedings, the Insolvency Commissioner shall appoint a trustee for the debtor and an audit will be carried out, in which the debtor's economic capability and his conduct will be examined (lasting approximately 12 months). At the end of this audit a payment plan is established, at the end of which the debtor will receive a discharge. The default scenario
17214-599: The last sixty million years, erosion stripped away the high rocks, revealing the ancestral rocks beneath, and forming the current landscape of the Rockies. Periods of glaciation occurred from the Pleistocene Epoch (1.8 million – 70,000 years ago) to the Holocene Epoch (fewer than 11,000 years ago). These ice ages left their mark on the Rockies, forming extensive glacial landforms, such as U-shaped valleys and cirques . Recent glacial episodes included
17365-529: The legislation, and include the failure to comply with a bankruptcy notice. A bankruptcy notice can be issued where, among other cases, a person fails to pay a judgment debt of at least $ 5,000. A person can also seek to have themselves declared bankrupt for any amount of debt by lodging a debtor's petition with the "Official Receiver", which is the Australian Financial Security Authority (AFSA). All bankrupts must lodge
17516-520: The limestone laid down in the shallow sea. The mountains eroded throughout the late Paleozoic and early Mesozoic , leaving extensive deposits of sedimentary rock . Terranes began colliding with the western edge of North America in the Mississippian (approximately 350 million years ago), causing the Antler orogeny . For 270 million years, the focus of the effects of plate collisions were near
17667-519: The line paralleled the Northern Pacific Railway . Trains magazine called the building of the extension, primarily a long-haul route, "egregious" and a "disaster". George H. Drury listed the Pacific Extension as one of several "wrong decisions" made by the Milwaukee Road's management which contributed to the company's eventual failure. Beginning in 1909, several smaller railroads were acquired and expanded to form branch lines along
17818-535: The loss of recreational opportunities. The analysis also revealed that cleanup of the river could yield $ 2.3 million in additional revenue from recreation. In 1983, the former owner of the zinc mine was sued by the Colorado Attorney General for the $ 4.8 million cleanup costs; five years later, ecological recovery was considerable. The Rocky Mountains contain several sedimentary basins that are rich in coalbed methane . Coalbed methane
17969-425: The mountain range, and they are popular tourist destinations, especially for hiking, camping, mountaineering, fishing, hunting, mountain biking, snowmobiling, skiing, and snowboarding. The name of the mountains is a calque of an Algonquian name, specifically Plains Cree ᐊᓯᓃᐘᒋᐩ asinîwaciy (originally transcribed as-sin-wati ), literally "rocky mountain / alp". The first mention of their present name by
18120-567: The mountains, and a ready source of copper in Anaconda, Montana . Between 1914 and 1916, the Milwaukee Road implemented a 3,000 volt direct current (DC) overhead system between Harlowton, Montana , and Avery, Idaho , a distance of 438 miles (705 km). Pleased with the result, the Milwaukee electrified its route in Washington between Othello and Tacoma , a further 207 miles (333 km), between 1917 and 1920. This section traversed
18271-612: The name was changed to Chicago, Milwaukee, and St. Paul after constructing an extension to Chicago in 1872. The company absorbed the Chicago and Pacific Railroad Company in 1879, the railroad that built the Bloomingdale Line (now The 606) and what became the Milwaukee District / West Line as part of the 36-mile Elgin Subdivision from Halsted Street in Chicago to the suburb of Elgin, Illinois . In 1890,
18422-450: The normal 300 to 500 kilometres (200 to 300 mi). Scientists hypothesize that the shallow angle of the subducting plate increased the friction and other interactions with the thick continental mass above it. Tremendous thrusts piled sheets of crust on top of each other, building the broad, high Rocky Mountain range. The current southern Rockies were forced upwards through the layers of Pennsylvanian and Permian sedimentary remnants of
18573-654: The northern peaks. Average January temperatures can range from −7 °C (20 °F) in Prince George, British Columbia, to 6 °C (43 °F) in Trinidad, Colorado . Therefore, there is no single monolithic ecosystem for the entire Rocky Mountain Range. Instead, ecologists divide the Rockies into a number of biotic zones . Each zone is defined by whether it can support trees and the presence of one or more indicator species . Two zones that do not support trees are
18724-539: The offers by both Soo Line and C&NW. Ultimately, Judge McMillen approved the former's offer on February 19, 1985. The Soo reorganized the property as The Milwaukee Road, Inc. , prior to merging the Milwaukee into the company itself effective January 1, 1986. The Soo Line would be acquired by Canadian Pacific in 1990 with the latter consolidating with the Kansas City Southern Railway 33 years later. The successor-in-interest to what remained of
18875-598: The old cars rather than buying new ones. This contributed to car shortages that turned away business. The Milwaukee Road chose at this time to end its mainline electrification. Its electric locomotive fleet was reaching the end of its service life, and newer diesel locomotives such as the EMD SD40-2 and the GE Universal Series were more than capable of handling the route. The final electric freight arrived at Deer Lodge, Montana on June 15, 1974. In 1976,
19026-523: The person seeking discharge establishes specific grounds for discharge under the Brunner test, under which the court evaluates three factors: Even if a debtor proves all three elements, a court may permit only a partial discharge of the student loan. Student loan borrowers may benefit from restructuring their payments through a Chapter 13 bankruptcy repayment plan, but few qualify for discharge of part or all of their student loan debt. Bankruptcy fraud
19177-547: The plains in fall and winter for bison and to the mountains in spring and summer for fish, deer, elk, roots, and berries. In Colorado, along with the crest of the Continental Divide, rock walls that Native Americans built for driving game date back 5,400–5,800 years. A growing body of scientific evidence indicates that indigenous people had significant effects on mammal populations by hunting and on vegetation patterns through deliberate burning. Recent human history of
19328-403: The previous law in 1998, to better address the above problems and a broader failure of the action. Russian insolvency law is intended for a wide range of borrowers: individuals and companies of all sizes, with the exception of state-owned enterprises, government agencies, political parties and religious organizations. There are also special rules for insurance companies, professional participants of
19479-640: The provisions of the Bankruptcy Act. Rocky Mountains The Rocky Mountains , also known as the Rockies , are a major mountain range and the largest mountain system in North America . The Rocky Mountains stretch 3,000 miles (4,800 kilometers) in straight-line distance from the northernmost part of Western Canada , to New Mexico in the Southwestern United States . Depending on differing definitions between Canada and
19630-508: The right to connect with new railroads in the West over Burlington Northern tracks. Traffic on its Pacific Extension increased substantially to more than four trains a day each way as it began interchanging cars with Southern Pacific at Portland, Oregon and Canadian railroads at Sumas, Washington . The railroad's foothold on transcontinental traffic leaving the Port of Seattle increased such that
19781-403: The route was awarded to Horace Chapin Henry of Seattle . The subsidiary Chicago, Milwaukee and Puget Sound Railway Company was chartered in 1905 to build from the Missouri River to Seattle and Tacoma. Construction began in 1906 and was completed three years later. The route chosen was 18 miles (29 km) shorter than the next shortest competitor's, as well as better grades than some, but it
19932-618: The scenic areas of the Rocky Mountains draw millions of tourists. The main language of the Rocky Mountains is English. But there are also linguistic pockets of Spanish and indigenous languages. People from all over the world visit the sites to hike, camp, or engage in mountain sports . In the summer season, examples of tourist attractions are: In the United States: In Canada, the mountain range contains these national parks : Glacier National Park in Montana and Waterton Lakes National Park in Alberta border each other and are collectively known as Waterton-Glacier International Peace Park . In
20083-487: The securities market, agricultural organizations and other special laws for financial institutions and companies in the natural monopolies in the energy industry. Federal Law No. 40-FZ "On Insolvency (Bankruptcy)" dated 25 February 1999 (as amended) (the "Insolvency Law of Credit Institutions") contains special provisions in relation to the opening of insolvency proceedings in relation to the credit company. Insolvency Provisions Act, credit organizations used in conjunction with
20234-494: The service industries that support them. Tents and camps became ranches and farms, forts and train stations became towns, and some towns became cities. Economic resources of the Rocky Mountains are varied and abundant. Minerals found in the Rocky Mountains include significant deposits of copper, gold, lead, molybdenum , silver, tungsten , and zinc . The Wyoming Basin and several smaller areas contain significant reserves of coal, natural gas, oil shale , and petroleum. For example,
20385-402: The subject of significant comment, from both government sources and the media, as being in need of reform. Part 7 of the Civil Law (Miscellaneous Provisions) Act 2011 has started this process and the government has committed to further reform. Bankruptcy in Israel is governed by the Insolvency and Rehabilitation Law, 2018. Insolvency proceedings below NIS 150,000 will be administered entirely by
20536-457: The terranes and subduction are the foot pushing the rug, the ancestral rocks are the rug, and the Canadian Shield in the middle of the continent is the hardwood floor. Further south, an unusual subduction may have caused the growth of the Rocky Mountains in the United States, where the Farallon Plate dove at a shallow angle below the North American Plate . This low angle moved the focus of melting and mountain building much farther inland than
20687-442: The trade and vehicles up to a certain value. All other assets of value can be sold. If a house, including the main residence, or car is above a certain value, a third party can buy the interest from the estate in order for the bankrupt to utilise the asset. If this is not done, the interest vests in the estate and the trustee is able to take possession of the asset and sell it. The bankrupt must pay income contributions if their income
20838-408: The tradition of smashing a banker's bench if he defaulted on payment. However, the existence of such a ritual is doubted. In Ancient Greece , bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " debt slavery " until the creditor recouped losses through their physical labour . Many city-states in ancient Greece limited debt slavery to
20989-415: The transcontinental routes to the Pacific was tough. The premier transcontinental streamliner, the Olympian Hiawatha , despite innovative scenic observation cars, was mothballed in 1961, becoming the first visible casualty. The resignation of President John P. Kiley in 1957 and his replacement with the fairly inexperienced William John Quinn was a pivotal moment. From that point onward, the road's management
21140-532: Was a major feat. Original company maps denote five mountain crossings: Belts, Rockies, Bitterroots , Saddles , and Cascades. These are slight misnomers as the Belt mountains and Bitterroots are part of the Rockies. The route did not cross over the Little Belts or Big Belts , but over the Lenep-Loweth Ridge between the Castle Mountains and the Crazy Mountains . Some historians question the choice of route, since it bypassed some population centers and passed through areas with limited local traffic potential. Much of
21291-415: Was absorbed by the parent company on January 1, 1913. The Pacific Extension, including subsequent electrification, cost the Milwaukee Road $ 257 million, over four times the original estimate of $ 60 million. To meet this cost, the Milwaukee Road sold bonds, which began coming due in the 1920s. Traffic never met projections, and by the early 1920s, the Milwaukee Road was in serious financial condition. This state
21442-429: Was an expensive route, since Milwaukee Road received few land grants and had to buy most of the land or acquire smaller railroads. The two main mountain ranges that had to be crossed, the Rockies and the Cascades , required major civil engineering works and additional locomotive power. The completion of 2,300 miles (3,700 km) of railroad through some of the most varied topography in the nation in only three years
21593-432: Was beginning to cause problems. The railroad's financial problems were exacerbated by their practice of improving its earnings during that period by selling off its wholly owned cars to financial institutions and leasing them back. The lease charges became greater, and more cars needed to be sold to pay the lease payments. The railroad's fleet of cars was becoming older because more money was being spent on finance payments for
21744-451: Was beset with legal and financial woes, filing for bankruptcy (under numerous versions of CMC/Heartland Partners), as a result of environmental cleanup costs and liabilities at former Milwaukee Road sites. CMC Heartland, and its various reincarnations, were dissolved in a final liquidation process that came to a close in 2010. Much of the abandoned Milwaukee PCE line has become rail trails . The Palouse to Cascades State Park Trail (formerly
21895-405: Was complete by 1957. In 1955, the Milwaukee Road took over from the Chicago and North Western 's handling of Union Pacific 's streamliner trains between Chicago and Omaha . The whole railroad industry found itself in decline in the late 1950s and the 1960s, but the Milwaukee Road was hit particularly hard. The Midwest was overbuilt with a plethora of competing railroads, while the competition on
22046-449: Was considered, but not pursued. In 1980 the secondary line between Marquette, Iowa and Rapid City, South Dakota on its section between Mitchell and Kadoka was embargoed and then acquired by the South Dakota Department of Transportation . Between 1977 and 1984, route distance was reduced to a quarter from its peak and a third from its total in 1977, shrinking to 3,023 miles (4,865 km). The most extensive abandonment eliminated
22197-450: Was exacerbated by the railroad's purchase of several heavily indebted railroads in Indiana . The company declared bankruptcy in 1925 and reorganized as the Chicago, Milwaukee, St. Paul and Pacific Railroad in 1928. In 1929, its total mileage stood at 11,248 miles (18,102 km). In 1927, the railroad launched its second edition of the Olympian as a premier luxury limited passenger train and opened its first railroad-owned tourist hotel,
22348-436: Was fixated on merger with another railroad as the solution to the Milwaukee's problems. Railroad mergers had to be approved by the Interstate Commerce Commission , and in 1969 the ICC effectively blocked the merger with the Chicago and North Western Railway (C&NW) that the Milwaukee Road had counted on and had been planning for since 1964. The ICC asked for terms that the C&NW was not willing to agree to. The merger of
22499-399: Was leased. Milwaukee Road Historical Association now owns the Milwaukee Road trademarks/copyrights, except for the AAR reporting marks (MILW) used by the Soo Line Railroad (which does business in the American Midwest as the Canadian Pacific Kansas City Railway). The Milwaukee Road aggressively marketed passenger service through much of its history, maintaining a high quality of service until
22650-509: Was purchased by the Milwaukee and Prairie du Chien Railroad in 1861. In 1867, Alexander Mitchell combined the M&PdC with the Milwaukee and St. Paul (formerly the La Crosse and Milwaukee Railroad Company ) under the name Milwaukee and St. Paul . Critical to the development and financing of the railroad was the acquisition of significant land grants. Prominent individual investors in the line included Alexander Mitchell, Russell Sage , Jeremiah Milbank , and William Rockefeller . In 1874,
22801-404: Was that it possessed too much physical plant for the revenue it generated. In 1977, it owned 10,074 miles (16,213 km) of track, and 36% of that mileage produced a mere 14% of the company's yearly revenue. The approach taken by the bankruptcy trustees was to sell or abandon unprofitable or marginally profitable lines, leaving a much smaller railroad which could be profitable. Outright liquidation
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