Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1880-05-20
The Valley Road Sold.

!
Company and there will be transfer
of possession made about the first o.
June. We add the following taker
from the Milwaukee Sentinel which
will interest al our readers. 1t says
s'The Sentinel is able this morning
to authoritatively announce the cutes
piece of railroad management of the
many movements that recently occur
red, by which the Chicago, Milwaukee
& St Paul company will control betl
the Wisconsin Valley and the Chicago
: Clinton, Dubuque & Minnesota rail
roads. Several months ago the Chicago
Milwaukee & Paul company contem
plated leasing the Chicago, Clinton,
Dubuque & Minnesota road and pur.
chasing the Wisconsin Valley road.
The two latter roads belong to the
same company, with the following
officers: President. James F. Joy,
Detroit; Vice President, Alpheus Har-
dy, Boston; Secretary and Treasurer.
Charles Merriam, Boston; Directors,
James T. Joy, n. Thayer, H. H. Hun
niwell. J. N. Denison, Sydney Bartlett,
J. A. Burnham, Alpheus Hardy, F.
Bartlett, n, Thayer, Jr. There was
some difficulty about the price asked
for the roads and the matter dropped,
SO far as the public was concerned, for
the time. The Chicago & Northwest
ern company then began negotiation
toward a purchase or lease of the lines.
AS was announced in the Sentinel
on wednesday, that President Keep
and General Manager Marvin Hughitt
started over the Chicago, Clinton, Du-
buque q Minnesota road on tour Of
inspection, looking toward the ABSORB
ton Of the two roads mentioned.
The president and Manager had got
as far as La Crosse on the Dubuque
road, travelling in q special car. At
La Crosse the gentlemen telegraped to
Milwaukee for a pass for their car over
the road between La Crosse and the
Wiscosin Valley road, at Tomah.
The message was received here and
the request granted with willingness.
The story told is, that the northwest
ern officials also teiegraphed to the
Wisconsin Valley officials to arrange
for them on that line, and received
reply to the effect that they would
have to apply to the future headquar-
tiers at Milwaukee for passage. This
may not be true, but it is certain that
the officials of the Chicago & North
western gave up the project, for tel
egram was received afterward saying
that they would go no further. The
car was transferred and returned to
Chicago with the President and Man
ager. 1t appears that while the
Northwestern officials were inspecting
the road the Chicago, Milwaukee &,
st. Paul Company were negotiating
with the directors at Boston and fairly
took the road right out of the Chicago
u Northwestern Company's hands.
The Wisconsin Valley road becomes
the property of the Chicago, Milwau-
kee & st. Paul Company, and the
Chicago, Clinton, Dubuque & Mime
sofa road is to be leased for an indef-
mite period, for per cent for the first
year, 4 per cent for the second and
. per cent thereafter. It will ultimat-
ely be transferred entire to the Com
pany. The two will be transferred
some time this month; just as soon as
arrangements can be made.
The Wisconsin Valley road is one
of the best paying roads in the State,
for short line. It passes through
over one hundred miles of magnificent
Lumber country, up the Wisconsin Val
ley, from Tomah to Jenny. The ex-
hibit for the year ending Sept. 80,
1879, showes the total income Of the
road to be S2O3, 976.54; operating
expenses, $129,422,2 %; excess of in
come, $74, 554.36. The two roads
will add about 400 miles, of which
about 100 miles are narrow
gauge, to the Chicago, milwaukee &
St. Paul system, making 1t the largest
railroad corporation in the world, The
Chicago, Milwaukee & St. Paul Com
pany wifi soon be operating over $500
miles of road.