Aids, Gifts, Grants and Donations to Railroads

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Excerpt from Aids, Gifts, Grants and Donations to Railroads: Including Outline of Development and Successions in Titles to Railroads in Michigan To the Michigan Railroad Commission: In July, 1914, the Honorable Charles A. Prouty, Director of Valuation of the Interstate Commerce Commission, suggested the practicability of this Commission co-operating with the national body in the collection of data pertaining to aids, gifts, grants and donations to the carriers by the States or municipal subdivisions of the States, to aid in the construction of the various railroads. This request received the favorable consideration of this Commission, and under instructions from the late Hon. Lawton T. Hemans, then Chairman of the Commission, the writer undertook the research suggested by Mr. Prouty. The routine work in statistics and kindred phases of the Commissions duties have made it necessary that this research be subordinated to the regular work of the office. For this reason report upon the subject has been so long delayed. This research was taken up in August, 1914, and a preliminary study of the subject disclosed that if the results were to be of practical value, not only the subject of aids, gifts, grants and donations required attention, but that the historic connection of the corporate entities receiving such financial assistance in the years of railroad development should be traced to the companies now possessing and operating the railroads of the State. Since taking up the matter, such time each year as regular work permitted, has been devoted to this subject. The results of the work is herewith presented. Public support of railroad enterprises in Michigan has been given in diverse ways and has been a factor in their development from time to time, almost from the beginning. The people of Michigan, when it was yet a Territory, were quick to appraise the value of railroads as a factor in the economic development of the State, and they first turned to corporate organizations as the means of promoting their construction. As early as July 31, 1830, the Legislative Council of the Territory authorized the incorporation of the "President, Directors and Company of the Pontiac and Detroit Railway Company" and granted it a franchise along the "United States' road, commonly called the Saginaw Road from the Village of Pontiac to the City of Detroit." This was the first railway charter granted in the State. It does not appear that any use was ever made of this franchise. On June 29, 1832, the "Detroit and St. Joseph Railroad Company" was authorized and became the germ of the present Michigan Central Railroad main line. On April 16, 1833, "The Romeo and Mt. Clemens Railroad Company" was authorized, but failed to make progress. On April 22, 1833 "The Erie and Kalamazoo Railroad Company" was incorporated and still remains active. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.