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1880–81 – 1967
Before the rails, the town's outward trade walked; after them, the directory names its handlers — and counts nothing. Pre-rail, in Polk's 1880–81 gazetteer, L. S. and N. W. Pearce stand as cattle dealers at North Liberty (the 1875 atlas lists L. S. Pearse as "Farmer and Stock Dealer"), and the same gazetteer gives the town's nearest railroad approach as Walkerton, six miles — so any 1880s livestock trade moved overland to someone else's railhead. The town's own lines came in 1893 (the Wabash) and 1894 (the Indiana, Illinois & Iowa), both long abandoned. In the rail era's directory, Polk 1916–17, the outward handlers are Frank C. Fetzer, live stock; Finch Bros, grain and feed; the North Liberty Lumber & Coal Co.; and the Schlosser Bros creamery under manager J. G. Holderman. A later pointer: the North Liberty Elevator and North Liberty Feed & Grain Inc. both advertise in the town's 1967 high-school yearbook — evidence an elevator existed by 1967, not shipment figures. The tested negatives print with the positives: no stock-pen record, no elevator-shipment figure, and no carload figure for North Liberty was found in any carrier searched; and no carrier names Chicago as this town's market. The Wabash line through town was the Chicago Extension by construction, which makes Chicago the line's terminus — it does not make Chicago a documented destination for North Liberty shipments, and the line's geography is not converted into a shipment fact here. The settlers are named: the two railroads' station records, the Indiana Railroad Commission's annual reports, and the Sanborn maps at depot-and-elevator-footprint level.