use y ' s ▁daughter . ▁ ▁To ▁improve ▁operations , ▁P use y ▁and ▁How land ▁char tered ▁the ▁Snow don ▁Branch ▁Railway ▁to ▁upgrade ▁the ▁Tr am way ▁as ▁a ▁true ▁railway . ▁They ▁eventually ▁abandoned ▁the ▁mines ▁and ▁sold ▁them ▁to ▁Par ry ▁and ▁M ills ▁from ▁Chicago . ▁Perry ▁and ▁M ills ▁began ▁construction ▁of ▁a ▁p ig ▁iron ▁upgrad ing ▁furn ace ▁and ▁then ▁ran ▁out ▁of ▁money , ▁only ▁to ▁have ▁much ▁of ▁it ▁burn ▁down ▁in ▁ 1 8 8 1 . ▁P use y ▁and ▁How land ▁were ▁able ▁to ▁purchase ▁the ▁remains ▁and ▁form ▁the ▁Toronto ▁Iron ▁Company . ▁ ▁IB & O ▁ ▁On ▁ 5 ▁March ▁ 1 8 8 0 , ▁P use y ▁and ▁How land ▁char tered ▁the ▁Toronto ▁and ▁N ip iss ing ▁Eastern ▁Ext ension ▁Railway , ▁with ▁the ▁plan ▁to ▁complete ▁the ▁original ▁T & L ▁route ▁at ▁least ▁as ▁far ▁as ▁the ▁Snow don ▁Branch ▁and ▁other ▁local ▁mines , ▁and ▁then ▁extend ▁to ▁connect ▁to ▁the ▁Canada ▁Central ▁Railway ▁near ▁Ott awa . ▁However , ▁a ▁dow nt urn ▁in ▁the ▁iron ▁market ▁that ▁year ▁led ▁to ▁the ▁plans ▁being ▁sh el ved . ▁In ▁the ▁fall ▁of ▁ 1 8 8 1 ▁the ▁T & N ▁began ▁expansion ▁plans ▁of ▁its ▁own , ▁surve ying ▁the ▁rest ▁of ▁the ▁route ▁to ▁Lake ▁N ip iss ing . ▁However , ▁in ▁December ▁of ▁that ▁year ▁the ▁T & L ▁am alg am ated ▁with