Acquisition of Paw Paw Railroad
In 1878 the Paw Paw Railroad leased its track to the T&SH in hopes of recovering from a $3000 debt and a 60% drop in stock value. The company had graded a route between Paw Paw and Lawton with financial help from the Michigan Central in 1867.
With 9 miles (14 km) of track between Lawrence and Paw Paw, the T&SH looked to expand. A section of track between Lawrence and Hartford was completed in 1883. In 1884 the two companies signed an agreement that funds obtained through the sale of stocks and bonds would be used to complete 10 miles (16 km) of rail east of Lawton or west of Hartford. Two years later an incomplete extension from Hartford to South Haven was purchased.
Read more about this topic: Toledo And South Haven Railroad
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