Milwaukee, Wis., Dec. 21. - Milwaukee merchants and shippers are in receipt of a prospectus issued by the Central Michigan Railroad Company and the Michigan and Ohio Belt Line Railroad Company, which propose to furnish Milwaukee with new railroad connections with the east. Local railroad men who have no interest in the project say they understand the projectors of the roads have good financial backing.
The object of the organization of the companies named is to maintain a continues line of rail and water way from Milwaukee by way of Grand Haven, Grand Rapids, Battle Creek, Coldwater, and Camden. Mich.; Napoleon, Bowling Green, Fremont, and Cleveland, Ohio. This line with car ferry connections between Milwaukee and Grand Haven, would carry through freight to the Atlantic seaports, including Newport News, while freight westbound could be sent all over the Northwest from Milwaukee.
The railroad connections of the line as proposed will be the Chicago and Grant Trunk, Pennsylvania, Michigan Central, Lake Shore, Baltimore and Ohio, Erie, and the Norfolk and Western. It will also make direct connections with the Cincinnati Northern and the Cincinnati, Hamilton, and Dayton for Cincinnati and southern Points.
An issue of $7,000,000 5% first mortgage gold bonds has been arranged for.
NY Times 12-22-1898
Some miscellaneous railroad history tidbits around Burlington, WI and the surrounding area.
Showing posts with label BaltimoreOhio. Show all posts
Showing posts with label BaltimoreOhio. Show all posts
Tuesday, February 20, 2018
Friday, May 26, 2017
Big Western Railroad Move
Eastern Syndicate may want Wisconsin Central and Great Western
Special to the New York Times
Chicago, Ill., Feb. 5. - Another move is about to be made by the syndicates that are attempting to control all of the important railroads in the country. The Harriman - Vanderbilt - Morgan - Pennsylvania combination, having about finished its work of consolidation in the territory east of Chicago, has turned its weapons upon the western field of transportation. The managers of the controlling pool are trying to corral the only two independent roads between Chicago and St. Paul - the Wisconsin Central and the Chicago Great Western - in order to obtain absolute control of the Chicago - St. Paul district.
President Hill of the Great Northern, who is a prominent member of the Baltimore & Ohio end of the syndicate, is negotiating for the purchase of the Wisconsin Central, and, in fact, it is prevailing opinion in financial and railroad circles that the syndicate already has obtained control of this line. This leaves only the little Great Western as an independent line. According to alleged plans, this road also is to be absorbed and placed in the pool for freight purposes. With the acquisition of these two roads, the syndicate practically will have achieved its end in bottling up the Chicago - Missouri River territory, as the Milwaukee and St. Paul, the Rock Island, and the Burlington lines, now owned by the Harriman or any other syndicate, are in entire sympathy with any plans which the syndicate may dictate. On the syndicate's lines eastbound from Chicago plans for wiping out competition are assuming shape.
----- NY Times 2/6/1900
Special to the New York Times
Chicago, Ill., Feb. 5. - Another move is about to be made by the syndicates that are attempting to control all of the important railroads in the country. The Harriman - Vanderbilt - Morgan - Pennsylvania combination, having about finished its work of consolidation in the territory east of Chicago, has turned its weapons upon the western field of transportation. The managers of the controlling pool are trying to corral the only two independent roads between Chicago and St. Paul - the Wisconsin Central and the Chicago Great Western - in order to obtain absolute control of the Chicago - St. Paul district.
President Hill of the Great Northern, who is a prominent member of the Baltimore & Ohio end of the syndicate, is negotiating for the purchase of the Wisconsin Central, and, in fact, it is prevailing opinion in financial and railroad circles that the syndicate already has obtained control of this line. This leaves only the little Great Western as an independent line. According to alleged plans, this road also is to be absorbed and placed in the pool for freight purposes. With the acquisition of these two roads, the syndicate practically will have achieved its end in bottling up the Chicago - Missouri River territory, as the Milwaukee and St. Paul, the Rock Island, and the Burlington lines, now owned by the Harriman or any other syndicate, are in entire sympathy with any plans which the syndicate may dictate. On the syndicate's lines eastbound from Chicago plans for wiping out competition are assuming shape.
----- NY Times 2/6/1900
Friday, August 12, 2016
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
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
Sunday, January 11, 2015
Milwaukee Terminal Railroad
I had never heard of this venture before. I know that there was a "Milwaukee Terminal" that was a joint venture of the Milwaukee Road and Northern Pacific in the Puget Sound area but that's not this one. This venture appears to be related to a couple of railroads without access to the city of Milwaukee trying to gain access to the city. It mentions the Wisconsin Central and I have seen mentions of the Wisconsin Central intending to use the former Fox River Valley right-of-way from Burlington to Milwaukee for Milwaukee access. I had also heard about plans for the Illinois Central to access Milwaukee via the same/similar route. However, this is the first that I have heard about the Chicago, Burlington, & Quincy, Northern Pacific, Rock Island, and/or Baltimore & Ohio attempting to gain access to Milwaukee. Please note that it says the previous mentioned railroads are "believed" to be backing the company; it does not say with absolute certainty.
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