The bondholders of the two companies instituted foreclosure proceedings.

The evidence

• “In 1858 and 1859 the La Crosse & Milwaukee and the Milwaukee & Horicon companies defaulted in the payment of the interest on their bonded debts. In the same 3ears the bondholders of the two companies instituted foreclosure proceedings on the different trust deeds given to secure their bonds.”

  1879-history-of-rock-county/04-wisconsin-railroads-commerce-health-statistics.md, PDF p. 171 / book p. 175

  Butterfield, C. W., et al. The History of Rock County, Wisconsin: its early settlement, growth, development, resources, etc. Chicago: Western Historical Company, 1879. Cornell University Library via the Internet Archive, archive.org/details/cu31924028871585.

  Grade A: Found on a page of one of our sources