He became head of the Minneapolis Street Railway Co., later to become part of Twin City Rapid Transit (TCRT).
In the early days, Lowry spent a lot of time arranging loans so the railway could be expanded.
It was used by the company on several special occasions, and United States President William McKinley made use of it on a visit to Minneapolis around 1900.
Horace would eventually follow in his father's footsteps, becoming president of Twin City Rapid Transit until his death on August 22, 1931.
The statue was moved to Smith Triangle Park on Hennepin Avenue in the 1960s due to the construction of the Lowry Hill Tunnel, which reconfigured the Hennepin/Lyndale intersection.