Chicago and Northern Pacific Railroad Stocks & Bonds - Ghosts of Wall Street

Chicago and Northern Pacific Railroad

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    In March 1890, another subsidiary of the Northern Pacific Railroad bought the Chicago & Great Western along with several Wisconsin Central (WC) lines in the Chicago area, and consolidated them all as the Chicago & Northern Pacific Railroad (C&NP).

    The next month, the WC had itself leased to the Northern Pacific. As they were both controlled by the same railroad, the C&NP and the Chicago & Calumet Terminal Railway were linked together with new construction and trackage rights.

    The lease arrangement between the Wisconsin Central and the Northern Pacific worked until the Panic of 1893, when the WC was freed from the lease, and the C&NP was again placed under the control of the WC. Weakened by the prolonged economic downturn, the C&NP was bankrupt by October 1893.

    In July 1897, a new company called the Chicago Terminal Transfer Railroad bought the C&NP from the Wisconsin Central.
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    Chicago and Northern Pacific Railroad Company Stock Certificate
    Chicago and Northern Pacific Railroad Company Stock Certificate
    Chicago and Northern Pacific Railroad Company
    $95.00
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