The task with which the Receivers were confronted was a most difficult one. With industry paralyzed, the price of products at a new low, incomes (both personal as well as corporate) slashed, and with market prices for commodities and securities crowding the vanishing point, the Wabash was once again forced into receivership. The worldwide "depression" of the early 1930's severely struck the Wabash Railway and all other U.S. Following the example of its predecessors, the new management devoted its energies to the service of our country and its people. In 1911, after foreclosure and reorganization, the Wabash Railroa d of 1889 was sold to a new " Wabash Railway", incorporated under the laws of the state of Indiana. In the fifteen years of its operation following the formation of the company in 1889, the Wabash took its proper place as one of our country's leading enterprises, contributing greatly to the well-being of the public in the territories reached by its rails. Louis during its Louisiana Purchase Exposition of 1904. In the succeeding decade, the Wabash found it possible to proceed with the construction of new trackage and the expanding of facilities to serve the city of Chicago during its Columbian Exposition of 1783 and the city of St. Mississippi River were again reorganized, this time as the Wabash Railroad Company.įinancial vicissitudes of the next two decades made that period one of great difficulty, but in 1889 fate took a turn for the better. However, in 1889, both the lines east and west of the West of the Mississippi) were merged into the Wabash, St. Louis, Kansas City and Northern Railroad (operating Then in 1879, the Wabash Railroad Company (operatingĮast of the Mississippi) and the St. Necessity for this unloading and reloading. In 1864, a car ferry arrangement was effected which eliminated the Charles, ferry the people and the goods across, and reload on the opposite Was necessary to unload all freight and passengers on the east bank of the river at Joseph, Mo., on the west and Hannibal, Mo. Thus, for theįirst time, railroad communication was established between St. Opened for traffic on Augand the second division was opened to traffic on February 1, 1858. Actual construction commenced on theįirst division in May 1854 and on the second in 1855. Joseph Railroad and the third from Hudson to the (modern-day Macon), at which point it would intersect the Charles - 19.2 miles the second, 148 miles,įrom St. This road was to comprise three divisions:
Later, came a group of pioneer railroad men who, in 1851, secured a charterįrom the State of Missouri for building the North Missouri Railroad - from St. However, into this picture, just ten years
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