Of the Wabash Railway it has been said that "it begins nowhere and ends nowhere." That is not very complimentary to Buffalo and Omaha, its terminals, or to the mining districts of northern Michigan, which it reaches from Toledo with its Ann Arbor Railway (99% owned). But "somewhere" to a railroad is either a great seaport or the gateway of a populous, raw-producing hinterland. The Wabash developed a system 2,500 mi. long, with 4,500 mi. of track, 701 locomotives, 26,000 freight and 411 passenger cars. Last week this whole property, $358,000,000 in assets, passed out of stockholders' hands into receivership....
To continue reading:
or
Log-In
