News: Owen – Wis. Central R.R.
to be extended to Duluth (1905)
Transcriber:
stan@wiclarkcountyhistory.org
Surnames: None
---------Source: New York Daily Tribune, New York, NY (15 Oct 1905)
The Wisconsin Central Railway, which now extends from Chicago to St. Paul and
Minneapolis, and to Ashland, Wis., is about to construct a new line, which will
bring it to Duluth, at the head of Lake Superior.
Contracts were entered into some time ago for the construction of forty-five and
one half miles of road from Owen, Wisconsin, which is twelve miles west of
Abbotsford, where the St. Paul and Ashland divisions diverge, to Ladysmith on
the “Soo” Railway. A survey has now been made for a line from Ladysmith to
Superior and Duluth, a distance of 112 miles, and the building of that projected
line is soon to begin.
The line from Owen to Ladysmith, which will be Owen and Northern Railway
Company, and the line from Ladysmith to Duluth will be built by the Lake
Superior and Southeastern Railroad Company. The entire capital stock of both of
these companies is owned by the Wisconsin Central, which has undertaken to
furnish the funds necessary for building and equipping the projected lines, to
obtain which funds, it has created an issue of $5,000,000 five-year 4 ½ percent
gold notes, the collateral for which will be the securities of the two
subsidiary companies.
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