The Ann Arbor Railroad was an American railroad that operated between Toledo, Ohio, and Elberta and Frankfort, Michigan (about 294 route miles) with train ferry operations across Lake Michigan. In 1967 it reported 572 million net ton-miles of revenue freight, including 107 million in "lake transfer service"; that total does not include the 39-mile subsidiary Manistique and Lake Superior Railroad. History The railroad company was chartered September 21, 1895, as successor to the Toledo, Ann Arbor and North Michigan Railway. In 1905, it was acquired by the Detroit, Toledo & Ironton Railway (DTI) and Eugene Zimmerman assumed presidency of both lines. DTI went bankrupt three years later. Zimmerman remained president until 1909 when he lost control of the line to Joseph Ramsey Jr. and Newman Erb. Ramsey assumed the presidency, serving until 1913 when Erb became president and ran the line for the next eleven years. Erb also served as president of the Minneapolis and St. Louis Railway 1912 to 1916. Wabash Railroad gained control of Ann Arbor Railroad in 1925. The company ended its last passenger train, a once a day train in each direction train from the AA's Toledo station to its Elberta boat landing, on July 19, 1950. Major stops on the route besides the end points included Ann Arbor, Durand, Owosso, Mt. Pleasant and Cadillac. The passenger side was hampered by the limited number of noteworthy cities en route and the fact that all but the Durand Union Station were in cities in which trains for connecting points were at different stations from the AA station, thus necessitating use of surface transportation for transfer between train stations. For many years the Ann Arbor was owned by the Wabash Railroad, but Wabash gave up control in 1963 as part of its absorption into the Norfolk and Western. The DT&I, by then itself owned by the giant Pennsylvania Railroad, again gained control in 1963. The combined DT&I and AA were operated as independent subsidiaries of the PRR but suffered from the parent company's ill-fated 1968 merger with the New York Central. Upon the resulting Penn Central's 1970 bankruptcy, the DT&I and its Ann Arbor subsidiary were sold off to private investors. The Ann Arbor Railroad owned a subsidiary, the Manistique and Lake Superior Railroad (M&LS), from somewhere shortly after that line's origin in 1909 until it was abandoned in 1968. After itself going bankrupt in 1973 the Ann