Driven into receivership, the monopoly was re-organized by Pfister, F.G. Bigleow and state Republican boss Henry C. Payne as The Milwaukee Electric Railway and Light Company (TMER&L).
After the Panic of 1893 a private utility monopoly run by stalwart Republican party bosses Charles F. Pfister and Henry C. Payne, the Milwaukee Electric Railway and Light Company (TMER&L), revoked commuter passes and raised utility rates during the depression.
The Milwaukee Electric Railway and Light Company interurban railway had a "St. Martin's Junction" stop from 1904 to 1939.
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