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Ingram, Orrin Henry, 1830-1918 / Autobiography, Orrin Henry Ingram : May, 1830--December, 1912
(1912)

Chippewa Valley Railway, Light and Power Company,   pp. 76-79 PDF (867.9 KB)


Page 78


AUTOBIOGRAPHY
In the meantime the Knapp, Stout & Co. company had sold its
property at Menomonie to Frank Stout, one of its stockhold-
ers, and he organized the Ohippewa Valley Power Company
composed of some young men in Chicago, where Mr. Stout was
living, and one from Minneapolis. Soon after we organized
here the greater part of the dam at Menomonie was carried out
by a flood and was rebuilt by them. It was found by that time
that they needed, in order to handle the property, a large
amount of money, and the company, outside of Frank Stout,
who was the owner of a large part of the stock, had no means
to go on with it. I went to Cedar Lake, where Mr. Stout was
stopping, at his cottage, and told him that we, the Chippewa
Valley, Light & Power Company would buy the water power
and franchise on the river. He said I must see the president
of the company, who was in Chicago, and if I wanted to ne-
gotiate for the property he would go to Chicago with me, say-
ing he thought there was a chance to buy it to good advantage.
In Chicago I learned the other men had very little in it; that
Mr. Stout, while he was a silent owner, was the real owner.
With the help of Mr. Bundy I closed a trade with him for the
company's holdings on both the Menomonie and Red Cedar
rivers, which included two or three dam sites below Menomonie,
a water power and dam and grist mill at Ohetek, the dam and
grist mill at Rice Lake, as well as all of their holdings or dam
sites on the two rivers. Mr. Stout took in part payment one-
fifth interest in our Chippewa Valley Railway, Light & Power
Company. He let his brother, the late James H. Stout, and
the Wilson estate have part of it. I kept a large block of the
stock and was made president of the company. It was at once
evident to me and others connected with the company that, for
the company to do what it ought to, a dam must be built on
the Red Cedar, at Cedar Falls. The Knapp, Stout & Co. com-
pany had some years before made surveys of the river, showing
places to build a number of dams, and the right of flowage at
the different places had been acquired in most cases. We found
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