| Show no track or train but railroad pays regular dividends ADRIAN MICH although it chasn t operated a train or collected a fare tor for nearly a century the erie and kalamazoo railroad again is making its semi annual payment to stockholders now forgotten by all except his konans and its fourth and fifth g gen ri aeration stockholders the erie and kalamazoo ranked as the oldest railroad west of schenectady N Y although the railroad has long been inoperative it derives a regu lar income from lease of its original right of way to the new york cen aral railroad the present dividend amounts to 9 after deductions for taxes and expenses last year the E and K paid 19 in dm divi bends incorporated by the michigan ter rit atonal orial legislature on april 22 1833 the E and K was capitalized for 1 but only in stock was issued it originally was authorized to operate between lake erie and the navigable waters of the kalamazoo river but it was destined to run only between port lawrence now toledo ohio but then part of michigan and adrian a distance ot of 35 miles by 1836 track had been laid from port lawrence to adrian and the first horse hurse drawn train clattered over the wooden rails in october |
