The owners of the three railroads had worked closely together since an October 8, 1852, meeting in Cleveland to plan an expansion that was described as the "Great Broad Route", using the Erie Railroad to reach respective areas.
On March 12, 1862, general control of all three companies was placed under a central board made of two directors from each of the companies. The Ohio Board was represented by Marvin Kent and Worthy S. Streator; the Pennsylvania Board by William Reynolds and John Dick; and the New York Board by A. F. Allen and Thomas W. Kennard. Reynolds was elected the board's president. The line reached Cleveland, Ohio on November 18, 1863, and was connected to the Cincinnati, Hamilton and Dayton Railroad in Dayton on June 20, 1864, which linked St. Louis with New York City via a 6 ft (1,829 mm) gauge line.
On August 19, 1865, an agreement was drafted to merge the three separate companies, each named Atlantic and Great Western Railroad, into the Atlantic and Great Western Railway. On October 5 of that year the new company issued a $30 million mortgage to pay off the outstanding mortgages on various companies included in the merger.
The company went into the hands of a receiver, Robert B. Potter of New York, on April 1, 1867. Potter operated the railroad until December 1868 when it was leased for 12 years by the Erie Railroad. Jay Gould, then president of the Erie, arranged to have the company again placed into receivership, this time with Gould and W. A. O'Doherty as receivers. This receivership was transferred to Reuben Hitchcock of Cleveland in November 1869. In February 1870, the Erie again leased the company, pending foreclosure. The foreclosure took place and the property was purchased on July 26, 1871, by Gen. George B. McClellan, William Butler Duncan and Allen G. Thurman. A deed for the property was finalized on October 3, 1871. The new company was named the Atlantic and Great Western Railway, the same as the old, but on consolidation of the individual parts (one in each state) in November, the name was changed back to the Atlantic and Great Western Railroad.
In May 1874, the Atlantic and Great Western was again leased by the Erie, at terms very generous to the A&GW and its backer James McHenry. On December 10, 1874, the new president of the Erie, Hugh J. Jewett, repudiated the lease and the company went into the hands of a new receiver, J. H. Devereaux. This action led to a series of lawsuits between McHenry and Jewett which brought shame to both companies. On January 10, 1880, the property was again sold at foreclosure and was reorganized as the New York, Pennsylvania and Ohio Railroad.
"Atlantic and Great Western Railroad" at Trumbull County Historical Society]]
Referencesedit
Hungerford, Edward. Men of Erie: A Story of Human Effort. New York: Random House, 1946.
Mott, Edward. Between the Ocean and the Lakes - The Story of Erie. New York, NY: J.S. Collins. 1899.
Reynolds, William, Peter K. Gifford, and Robert D. Ilisevich. European Capital, British Iron, and an American Dream: The Story of the Atlantic & Great Western Railroad (The University of Akron Press, 2002).
December 15, 2023
atlantic, great, western, railroad, began, three, separate, railroads, erie, york, city, railroad, based, jamestown, york, meadville, railroad, based, meadville, pennsylvania, renamed, april, 1858, franklin, warren, railroad, based, franklin, mills, ohio, rena. The Atlantic and Great Western Railroad began as three separate railroads the Erie and New York City Railroad based in Jamestown New York the Meadville Railroad based in Meadville Pennsylvania renamed A amp GW in April 1858 and the Franklin and Warren Railroad based in Franklin Mills Ohio renamed A amp GW in January 1853 A map of the Atlantic and Great Western Railroad The owners of the three railroads had worked closely together since an October 8 1852 meeting in Cleveland to plan an expansion that was described as the Great Broad Route using the Erie Railroad to reach respective areas Contents 1 History 2 See also 3 External links 4 ReferencesHistory editOn March 12 1862 general control of all three companies was placed under a central board made of two directors from each of the companies The Ohio Board was represented by Marvin Kent and Worthy S Streator the Pennsylvania Board by William Reynolds and John Dick and the New York Board by A F Allen and Thomas W Kennard Reynolds was elected the board s president The line reached Cleveland Ohio on November 18 1863 and was connected to the Cincinnati Hamilton and Dayton Railroad in Dayton on June 20 1864 which linked St Louis with New York City via a 6 ft 1 829 mm gauge line On August 19 1865 an agreement was drafted to merge the three separate companies each named Atlantic and Great Western Railroad into the Atlantic and Great Western Railway On October 5 of that year the new company issued a 30 million mortgage to pay off the outstanding mortgages on various companies included in the merger The company went into the hands of a receiver Robert B Potter of New York on April 1 1867 Potter operated the railroad until December 1868 when it was leased for 12 years by the Erie Railroad Jay Gould then president of the Erie arranged to have the company again placed into receivership this time with Gould and W A O Doherty as receivers This receivership was transferred to Reuben Hitchcock of Cleveland in November 1869 In February 1870 the Erie again leased the company pending foreclosure The foreclosure took place and the property was purchased on July 26 1871 by Gen George B McClellan William Butler Duncan and Allen G Thurman A deed for the property was finalized on October 3 1871 The new company was named the Atlantic and Great Western Railway the same as the old but on consolidation of the individual parts one in each state in November the name was changed back to the Atlantic and Great Western Railroad In May 1874 the Atlantic and Great Western was again leased by the Erie at terms very generous to the A amp GW and its backer James McHenry On December 10 1874 the new president of the Erie Hugh J Jewett repudiated the lease and the company went into the hands of a new receiver J H Devereaux This action led to a series of lawsuits between McHenry and Jewett which brought shame to both companies On January 10 1880 the property was again sold at foreclosure and was reorganized as the New York Pennsylvania and Ohio Railroad See also edit nbsp Railways portalCambridge Springs Erie Railroad station Samuel CochraneExternal links edit Atlantic and Great Western Railroad at Trumbull County Historical Society References editHungerford Edward Men of Erie A Story of Human Effort New York Random House 1946 Mott Edward Between the Ocean and the Lakes The Story of Erie New York NY J S Collins 1899 Reynolds William Peter K Gifford and Robert D Ilisevich European Capital British Iron and an American Dream The Story of the Atlantic amp Great Western Railroad The University of Akron Press 2002 Retrieved from https en wikipedia org w index php title Atlantic and Great Western Railroad amp oldid 1184749525, wikipedia, wiki, book, books, library,
