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Toledo, Ann Arbor And Northern R. R.

Toledo, Ann Arbor And Northern R. R. image
Parent Issue
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OCR Text

In another column will be found an advertisement of the aasignee of the Toledo, Ann Albor and Northern Kailroad Company, offering 'for sale, at auction, on the coming 14th day of September, the roadbed, ties, right of way, franchiaes, unpaid notes, stock subscriptions, etc, of said company. The'sale ís to be made purauant to an order of the District Court of the United Statea for the Eastern District of Michigan, in which Court the company has been adjudged a bankrupt. We invito the attention of our citizens to this advertisemeut and its subject matter. It is the daily remark upou our streets that Ann Arbor ia making the snail's progresa- backwards. No new manufacturing eatablishments are beiug projected and built up, and nothiug doing to invite men of capital to come among us, or to furniah employment to the mechanics and labormg men who conatitute so large a portion of this aud ot every prosperous community. üur mercantile classes and ínterestá have beeu hemmed in, cramped, cut down, by the building of railroads north and south of us, limiting aud nariowmg the territory formerly tributary to our city. Other towns in the State have not ouly secured competing railroada, but have labored to increaae their mauufacturing facilitiea. Jackson has a citizens' association, spocially charged with the duty of inviting capitalists to lócate there and engage iii manufacturiug. The ürst step to new life and prosperity in our city - without which step business stagnation must continue and death follow - is the completion of the railroad to Toledo, opening to us a new lake port with the whole Onio railroad system, and bringing the ühio coal tields, with the best of soft coal, almost to our doors. And with this coal will come Toledo men and Toledo push and a uew career of prosperity. Just now narrow gauge railroads are the rage, and several are being projected in this State. It is feasible for our own citizens to purchaso, complete, stock, and control the Toledo, Ann Arbor and Northern Railroad. Iron is now cheap, labor is cheap, and the road can be built on the bonds of the company. If capital canuot be procured at home to make the purchase and shoulder the enterprise, au active committee can procure such aid at Toledo and through Toledo inüueuce as will secure a speedy completion of the road to this city and its early extensiou uorthward. Aud a narrow gauge railroad would be a payiug iuvestineut to its stockholders. Will some one move in the matter '(


Old News
Michigan Argus