Industrial history of Milwaukee, the commercial, manufacturing and railway metropolis of the North-west : its great natural resources and advantageous location as a shipping point, with a review of its general business interests, including history of Milwaukee Chamber of Commerce, statistical and descriptive, to which is added a series of sketches of the prominent places and people of the Cream City, the rise and progress of firms, institutions, and corporations . to the Milwaukee & Waukesha Railroad, when thatenterprise was essaying those feeble steps that have since widened into the stridesb
Industrial history of Milwaukee, the commercial, manufacturing and railway metropolis of the North-west : its great natural resources and advantageous location as a shipping point, with a review of its general business interests, including history of Milwaukee Chamber of Commerce, statistical and descriptive, to which is added a series of sketches of the prominent places and people of the Cream City, the rise and progress of firms, institutions, and corporations . to the Milwaukee & Waukesha Railroad, when thatenterprise was essaying those feeble steps that have since widened into the stridesby which it reached the Mississippi, there was none for the wholesale system,which, with the connivance of the Legislature, the city afterward adopted, ofextending a credit, to which it was by no means entitled itself, indiscriminately toall the roads projected to terminate in the city, as well as to all their branchesand connections which did not come within many miles of the city. In March,1861, a readjustment act was passed which contained a provision prohibiting thecity from issuing any new bonds until its bonded debt should be reduced to$500,000. In 1871, when the city determined upon the construction of waterworks, the passage of a special enabling act by was necessary beforethe city could issue bonds for the purpose, as even at that late date the city debtwas above $700,000. While the city reaped a rich reward for the aid which it. St. Pauls Church. IND WTRIAL HISTOR Y OF MIL WA UKEE. 31 extended to legitimate railway enterprises in their infancy, it had to suffer for manyyears for the indiscretion which prompted the indiscriminate extension of its , he wholooks- calmly back over the history of the matter will be inclined tosay that it was better that there should have been some waste along with Milwau-kees liberality to the early railroad enterprises, than that the city should haverefrained from granting those which were legitimate the encoura
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