Tuesday, February 20, 2018

The Toledo & Ann Arbor

Friends of the present management of the Toledo, Ann Arbor and North Michigan Railroad have held frequent meetings in this city for the purpose of devising, if possible, some means of extricating the company from its financial difficulties.  Vice President J.M. Ashley, Jr. has returned to New York from Toledo.  Reports were in circulation in Wall Street yesterday afternoon that a favorable deal with the Green bay, Winona, & St. Paul Railroad was underway, and that the negotiations may be concluded today.

President Samuel Sloan of the Lackawanna Road says that there is no truth in the statement that the Lackawanna has secured or is trying to secure control of the Toledo, Ann Arbor and North Michigan Road.

NY Times 5-2-1893

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