e inquiry to an
end.

The line cost for its six hundred and seventy-three miles, Kansas City
to Denver, and branch, Leavenworth to Lawrence, thirty-six million
seven hundred and forty-seven thousand three hundred dollars, or about
fifty-two thousand dollars per mile.

In 1873 the road was unable to meet its obligations and was placed in
the hands of C. S. Greeley and Henry Villard, Receivers,--a majority
of its stock passing into the hands of interests friendly to Mr. Jay
Gould about 1877. Complaint was made that Villard and Greeley were
not the proper men to act as receivers, that they were antagonistic to
the owners of the bonds--lacking practical knowledge, etc. The matter
finally reached the Supreme Court of the United States who in
remanding it back to the District Court ordered their removal and the
appointment of one man and he a practical railroad man as receiver in
their stead. Under this order, in 1879, Sylvester T. Smith who had
been connected with the road in various capacities, including that of
General Manager, was appointed receiver.

In 1879 the Company was re-organized and in January 1880 consolidated
with the Union Pacific Railroad under the name of the Union Pacific
Railway Company, the holders of Kansas Pacific Railway stock being
given share for share in the new consolidated Company.

The basis of the consolidation being

Miles Capital Stock Funded Debt.

Union Pacific Railroad 1,042 $36,762,300.00 $78,508,350.65
Kansas Pacific Railway 675 10,000,000.00 30,567,282.78
Denver Pacific Railroad 106 4,000,000.00 581,000.00
----- ------------- --------------
1,823 50,762,300.00 109,656,633.43

CHAPTER X.

_The Denver-Cheyenne Line (Denver Pacific Railroad.)_

Proposition for Pacific Railroad to Reach Denver--Cheyenne Route
Selected--Branch Line Proposed--Denver Pacific Incorporated and
Built--Pro-Rata Controversy--Operated By Kansas Pacific--Consolidation
With the Union Pacific.

In the original plan for the Union Pacific Railroad it was the
intention that the line would run through Denver and from there
directly West across the mountains to Salt Lake. When the line was
finally located it passed through Cheyenne, leaving Denver some one
hundred miles to the South, the reasons for this being the much
shorter distance via Cheyenne as well as the decidedl