The Prescott Bridge company was formed in 1921 by Herman G. Fiedler, I.F. Shearer, and Henry Shriller. The company was formed to construct, operate and maintain a public toll bridge over Lake St. Croix from the City of Prescott, in Pierce County, Wisconsin to the Village of Point Douglas, in Washington County , Minnesota. The bridge was maintained and operated until 1947 when declining profits forced its sale. With its only source of income gone, the Prescott Bridge Company was dissolved later that year.
