N&W in 1904 -- Detroit Southern

NW Mailing List nw-mailing-list at nwhs.org
Wed Nov 28 16:43:57 EST 2007


In addition to coal, the N&W haded off a substantial amount of coke
traffic to the DT&I and eventually Grand Trunk at Waverly. Most of
this coke came from the New Boston coke plant on the N&W which, at one
time, was a Ford subsidiary.

Eric at CG Tower
www.cg-tower.com



On Nov 28, 2007 4:28 PM, NW Mailing List <nw-mailing-list at nwhs.org> wrote:

>

>

>

>

> Yes, Sam, the Detroit Southern was formed from the Detroit & Lima and the

> Ohio Southern and after this receivership, the line became the Detroit

> Toledo & Ironton.

>

>

>

> Note that Samuel Hunt was the general manager of the Ohio & Northwestern/

> Cincinnati, Portsmouth & Virginia when the N&W purchased the line in 1901.

> SO, he had a track record with the N&W.

>

>

>

> The DT&I route for coal to the Great Lakes was always questionable as Summit

> Hill was a real challenge for railroading up to the point that the DT&I

> ceased to run trains over it. Virtually every train over the summit needed

> to be doubled. The DT&I did move a lot of N&W coal over it from the

> interchange at Glen Jean. ( Summit Hill is directly west of Waverly, Ohio

> and Glen Jean.)

>

>

>

> Gary Rolih

>

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> ________________________________

>

>

> From: nw-mailing-list-bounces at nwhs.org

> [mailto:nw-mailing-list-bounces at nwhs.org] On Behalf Of NW Mailing List

> Sent: Wednesday, November 28, 2007 10:04 AM

> To: NW Mailing List

> Subject: Re: N&W in 1904 -- Detroit Southern

>

>

>

>

> I'm curious about this railroad. Where did it run and what became of it?

> Was it bought and absorbed by another road? Or did it come out of

> bankruptcy and survive under another name?

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>

> I'm sure the rumored sale to N&W didn't go through because N&W didn't get

> its lake outlet until it bought the Sandusky Line from Pennsy. And C&O got

> its lake access by buying the Hocking Valley, although for years it had that

> big gap between the Ohio River and Columbus.

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> Might it have formed the start of Henry Ford's DT&I? But I think he built

> that entire road from scratch.

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> Thanks,

>

>

>

>

>

> Sam Putney

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>

>

>

> ----- Original Message -----

>

>

>

> From: NW Mailing List

>

>

> To: N&W Mailing 1List

>

>

> Sent: Tuesday, November 27, 2007 10:11 PM

>

>

> Subject: N&W in 1904 -- Detroit Southern

>

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> NORFOLK & WESTERN MAY GET DETROIT SOUTHERN

>

>

> ------

>

>

> Favorable Opportunity to Secure Direct Outlet to the Lakes

>

>

> ------

>

>

> As a result of the financial troubles which have thrown the Detroit

> Southern into the hands of receivers appointed by the courts, there is now a

> strong probability that the Norfolk and Western will acquire the road and

> use it as the basis of a line by which it may secure a direct route to the

> lakes.

>

>

> The Norfolk and Western, as is well known in railway circles has for

> some time wanted a direct line to the lakes and leading railroad men now

> believe that the present difficulty of the Detroit Southern will furnish

> just the opportunity the management of the former road is seeking.

>

>

> Secret and [blurred] action was taken Wednesday in the United States

> court at Ironton, Ohio, regarding the Detroit Southern railroad.

>

>

> Upon the petition of bondholders and after a hearing in chambers Judge

> Thompson decided to throw the company into a receivership.

>

>

> Samuel Hunt, president of the road, was selected by the court as

> receiver, Judge Doyle, of Toledo, appeared, as counsel for the railroad

> company, while Judge Judson Harmon was the legal representative of the

> trustees for the bondholders. The financial condition of the company was

> set forth as agreed upon by counsel, and Judge Thompson promptly granted the

> application for a receiver so far as concerns the railroad property in Ohio,

> naming Mr. Hunt, who was acceptable to both sides, to take charge of

> affairs.

>

>

> The proceedings were surrounded with secrecy, as it was necessary to

> take similar action to cover the company's property in Michigan. This will

> be done at Detroit, when a like application will be made in the federal

> court of that district. No doubt it will be granted. Mr. Hunt will also

> be appointed receiver by the district Judge at Detroit.

>

>

> There have been rumors for some time regarding the financial condition

> of the Detroit Southern. It was the understanding that the company was

> barely keeping its head above the water. The startling action of Wednesday

> was precipitated by the inability of the company to pay the interest on its

> bonded indebtedness, which fell due on June 1. Efforts were made to arrange

> with the bondholders for concessions, and the withholding of extreme

> measures on the default, so that the road could continue in operation under

> the present management, and possibly straighten out its financial tangle in

> time. Some of the bondholders were willing to accede to the request and

> hold action in abeyance, but others declined to agree to any concessions

> whatever. Most of the bonds are held in New York and under a trust.

>

>

>

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>

> Bluefield Daily Telegraph

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>

> July 10, 1904

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> [This is further proof that a newspaper reporter's speculation should not be

> taken as the historical outcome.]

>

>

>

>

>

> Gordon Hamilton

> ________________________________

>

>

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