Show no track or train but railroad pays regular dividends ADRIAN MICH although it operated a train or collected a fare for nearly a century the erie and K kalamazoo ala mazoo railroad again Is making its semiannual semi annual payment to stockholders now forgotten by all except historians and its fourth and fifth generation 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 regular income from 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 year the E and K paid in dividends incorporated by the michigan territorial rit orial legislature on april 22 1833 the E and K was capitalized for but only in stock was issued it originally was authorized to operate between lake erie and tho navigable waters of tho 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 of 35 miles by 1836 track had been laid from port lawrence to adrian and the wit first horse drawn tram train clattered over the wooden rails in october |