News: Owen – Wis. Central R.R.
to be extended to Duluth (1905)
---------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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