Word: kimballton
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Dates: during 1930-1939
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...victim, also an lowan, was Atlantic Northern, with 17 miles of track. Only farmer-owned railroad in the country, it was built in 1907, thrifty Danes of Elk Horn and Kimballton, Iowa putting up $350,000. Then came the truck which hauled cattle for less money, convinced farmers that even a farm-owned road was not worth keeping. Atlantic Northern had no bonds. Its property was appraised at $117,000. Its farmer-directorate will sell to anyone for 15% of that...
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