December 1901, No. 46 The Railway and Shipping World (Toronto) Page 359, col. 1

Railway development.

Projected lines, surveys, construction, betterments, etc.

...

Thunder Bay, Nepigon and St. Joe Ry.—President D. F. Burke recently made a proposition that the towns of Port Arthur and Fort William should each take $10,000 of stock in this Co. It is reported that negotiations are in progress between the promoters and Mackenzie, Mann & Co. by which this line will be utilized as the eastern of the Canadian Northern. (Sept., pg. 275.)

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