Show no ho track or train but railroad pays I 1 regular dividends ADRIAN MICH although it operated a train or collected a fare for nearly a century tho the E erie rie and kalamazoo railroad again Is making its semiannual semi annual payment ito to stockholders now forgotten by all except his and its fourth and filth fifth generation stockholders the erie and kalamazoo ranked as the oldest railroad west of schenectady N Y although the railroad has long been operative it derives abregu lar income from on lease of its original right of way to the new york central railroad the present dividend amounts to after deductions for taxes and expenses last bast year the 4 E and K paid in dividends the michigan territorial rit orial legislature on april 22 1833 the E and K was capitali capitalized zid for but only in stock was aa s issued it originally was authorized to operate rate between lake we L he and the navigable waters of the kalamazoo river but it was destined to run only between port lawrence now toledo coledo ohio but then part of michigan and adrian a distance of 35 miles by 1836 track had been laid from port lawrence to adrian and the first horse drawn train clattered over the wooden rails ln in Oci october ober |