Monday, August 29, 2016

Important Extension of the Racine & Mississippi Road

Wm. E. Cramer, Esq., of the Milwaukee Daily Wisconsin, who is spending a few weeks in New York City, writes from that place as follows concerning the Racine Road: "We learn from G.A. Thompson, Gen Manager of the Racine & Mississippi Railroad, that the road will be extended from Savannah to Rock Island by the first of October - thus bringing the valuable coal fields of Illinois into direct communication with southern Wisconsin.  The distance is 52 miles, 26 miles of which are completed.  When the Milwaukee finishes its line to Burlington, we shall have a direct road of 200 miles to the valuable coal fields of Illinois.

Cheap Coal would be of immense value to the future growth of Milwaukee.  In view of the extension of the Racine Road to Rock Island, the completion of the short line to Burlington assumes an importance in every interest in our City - not inferior to that of any other line ever projected from Milwaukee.  We further lean that there is no probability of the Racine Road being sold to the Chicago & Northwester.  The latter, has as large a load as it can carry.

The decline of the price of iron will enable the Racine road to complete its extension of 26 miles at a cost not exceeding $18,000 per mile.

Burlington Standard Press 5/24/1865

New Railroad in Northern Illinois

[From the Rock Island Argus]

The Northern Railroad is the name of the corporation which is now building a line from Rock Island via Fulton to Racine, Wis.  The iron will be laid to Fulton today (Saturday, July 22), which completes the road from Fulton to Racine, Wis.  The road is graded from Fulton to Cordova, and the work is being pushed forward as fast as men and money can do it.  The iron for the road from Fulton to this city has been all purchased and is afloat.  A bill of lading for it has been received, and it will soon begin to arrive.

The company is composed of wealthy Scotch capitalists, and there will be no delay in getting the road in running order to this city.

We believe it is also contemplated to extend the road to Warsaw.

Burlington Standard Press 8/2/1865

Friday, August 12, 2016

Enough Lines to St. Paul

Chicago, Aug. 27 - President Clarke, of the Illinois Central, says that the consultations between him, Vice-President Fish, and the attorneys of his company during the last day or two have had no reference whatever to tan absorption of the Minnesota & Northwestern Railroad by his company.  The Minnesota and Northwestern people had been making efforts to get the Illinois Central to father their scheme and thus place this road in a false position before the public.  Neither Mr. Clarke nor any of the officers of the Illinois Central take much stock in the proposed scheme to secure another through line to St. Paul by joining the interests of the Illinois Central and the Minnesota & Northwestern.  Mr. Clarke thinks there are already more roads between Chicago and Str. Paul than there is any need for.  The Northwestern and Milwaukee & St. Paul alone could take good care of all business there is at present without crowding them too much.  The Illinois Central will do business with the Minnesota & Northwestern on the same terms as with other roads, but it will not countenance the cutting of rates on St. Paul, Minneapolis, or Northwestern business and it will require full proportions on all business it receives from the Minnesota & Northwestern.  If any cut is made it will have to be borne by the latter road alone.

No action has yet been taken by the Illinois Central regarding the extension of the lease of its Iowa lines.  The present lease, as is generally known, expires in 1887.

NY Times - Aug. 28, 1885

Wisconsin Central offices

Milwaukee, Wis., Feb. 28 - It is announced here this afternoon that all offices of the Wisconsin Central Railroad will be moved to Chicago May 1.  The traffic department is already there, and the removal of the other offices is found necessary for the facilitation of business, since the leasing of the road by the Northern Pacific.  The offices to be moved will include those of the General Manager, General Superintendent, Auditor, Chief Engineer, Cashier, Purchasing Agent, Legal Department, and Land Department.

NY Times March 1, 1891

A Big Consolidation - WC & NP

Milwaukee, Wis, Oct. 9. - A private letter written by President Colby of the Wisconsin Central Railroad to a stockholder of the Northern Pacific system reveals a gigantic railway consolidation that will connect the two oceans and revolutionize international railway traffic.  It was never intended that the letter should become public.  It contains the inside workings of a great scheme, which is not yet entirely completed.

The consolidation of the Wisconsin Central and the Northern Pacific systems in amicable traffic agreement was the first step.  Henry Villard has secretly been at work to gain possession of a controlling interest in the Northern Pacific, and has formed an alliance with Charles and Joseph Colby, who have unlimited means.  Through this alliance a majority of the Northern Pacific stock has been secured.

Henry Villard will be restored to his lost estate by being made President of the Northern Pacific system.  All his former enemies will be shorn of their power, and one of the greatest railway consolidation in the world will be consummated.  Even now the contracts have been signed whereby the Baltimore & Ohio Railroad is to enter into an agreement with the consolidated Wisconsin Central and Northern Pacific lines connecting the two oceans.  The Atchison is also in the deal, reaching Mexico and southern California.  Chicago will be made the centre of operating the three great lanes.  The Northern Pacific will be extended  from Puget Sound and built into Alaska, making a continuous line from New York City to Sitka.

Baltimore, Oct. 9 - In the absence of President Mayer, who is attending a coal meeting in Philadelphia, Vice President King was shown the story of the Colby letter. He said that as far as the B&O is concerned there is nothing in this report; which is started to affect the market.  The Wisconsin Central and the Northern Pacific are of course already on very pleasant terms, but it has always been the policy of the Baltimore and Ohio and other trunk lines east to avoid any affiliation with western roads at Chicago to the exclusion of others.  It is more profitable to be independent.

First Vice President Orlando Smith also denied the story,   saying that when the Baltimore and Ohio inspection party were in Chicago recently they looked over the terminals of the Wisconsin Central and made a short trip over their terminal road, and to this fact was doubtless due the manufacture of the story.

NY Times Oct 10, 1889