The withdrawal of the construction company from the project to build the Midland Pennsylvania Railroad presented some financing problems. One proposed solution was to get financing through bonds.
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From the Harrisburg Patriot, 14 November 1911:
May Complete Midland Line
A report was circulated in this city yesterday that a New York bond house had offered to finance the construction of the Midland Pennsylvania Railroad which had been started from Millersburg to Ashland. Work has been idle on the road for several weeks following the withdrawal of the Pinkerton Construction Company. A meeting of the board of directors of the Midland Company has been called for next Thursday in Philadelphia, and it is thought that action will be taken on the subject at that time.
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News article from Newspapers.com.
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