Sunday, March 2, 2014
A railroad that never was.
click on image to enlarge
One of two listed in Cox. This was a good idea build a line between Warrensburg and Marshall Missouri. A distance of approximately 38.2 miles. A hundred thousand dollars of bonds were issued by the county of Johnston and an additional forty thousand from private investors in the county to help build the railroad. Grading work started and progress 13 miles until no more money could be raised. The project was abandoned.
Many years of court battles between the county of Johnston and the bond holders followed. In the end the bond holder did better than the owner of the shares. The shares holders received nothing but worthless paper. At least it makes an interesting piece for my collection.
ref: The History of Johnston County Missouri.
Posted by Pete at 3:52 AM