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Michigan and Ohio Railroad
The Michigan and Ohio Railroad is a defunct railroad which operated in southern Michigan in the mid-1880s. Originally intended to forge a new line from Lake Erie to Lake Michigan, it came close to its goal, completing a line between Allegan and Dundee before financial embarrassment landed it in receivership.
== Corporate history ==
The company incorporated on June 25, 1883, to consolidate the Toledo & Michigan, an Ohio company, and the Toledo & Milwaukee. The company filed articles on October 9, 1883 and began operations November 29.〔 Beset by financial difficulties, the company went into receivership almost immediately; the Cincinnati, Jackson & Mackinaw (CJ&MK) bought the company on March 25, 1887.〔
Discussing the liabilities assumed by the CJ&MK in acquiring the M&O and other companies, Michigan's railroad commissioner wrote that:
"...a sum so largely in excess of the real value of the property as to suggest unfavorable comment upon the policy of loading down a new enterprise with liabilities that cannot fail to seriously impair the financial standing of the corporation."〔
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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