| Lucian Sprague |
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| 1882 births | |
| 1960 deaths | |
| american railroad executives of the 20th century | |
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In 1935 , Sprague was appointed co-receiver of the bankrupt Minneapolis And St. Louis Railway (M&StL), a mid-sized railroad that extended south and west from Minneapolis . The M&StL had struggled financially for years, and by the 1930s was threatened with liquidation; Sprague, however, managed to turn the company around, and the railroad's twenty-year receivership ended in 1943 . Sprague was named president of the M&StL at the end of receivership, and he held that position until being ousted in a dramatic 1954 shareholders battle orchestrated by Benjamin W. Heineman . Sprague died of a heart attack in Minneapolis on August 3 , 1960 . REFERENCES
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