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Saint Paul and Pacific Railroad

Not to be confused with Chicago, Milwaukee, St. Paul and Pacific Railroad.
For the current railroad of this name, see Progressive Rail, Inc.

The Saint Paul and Pacific Railroad (also known as the St. Paul & Pacific Railroad and the SP&P) was a shortline railroad in the state of Minnesota in the United States which existed from 1857 to 1879. Founded as the Minnesota and Pacific Railroad, it was the state's first active railroad. It went bankrupt, and the state changed its name to the Saint Paul and Pacific Railroad. The SP&P went bankrupt as well. It was taken over by James Jerome Hill and others, who used the railroad as the basis for building the Great Northern Railway.

Saint Paul and Pacific Railroad
Overview
HeadquartersSaint Paul, Minnesota
LocaleMinnesota, United States
Dates of operation1857–1879
SuccessorGreat Northern Railway
Technical
Track gauge4 ft8+12 in (1,435 mm)standard gauge

Contents

In 1857, the territorial legislature of the state of Minnesota issued a charter to the Minnesota and Pacific Railroad to build a standard gauge railway from Stillwater in the east to St. Paul in the west. From St. Paul, the main line would extend to Breckenridge in the west (the state's border with the Dakota Territory), while a branch line would extend to St. Cloud, Crow Wing, and St. Vincent. As the state's first active railroad (though not necessarily the state's first railroad), the Minnesota and Pacific received a grant of 2,460,000 acres (1,000,000 ha) of land from the territorial legislature. This was the seventh largest land grant of the 75 given to railroads nationwide between 1850 and 1871.

Construction began in the autumn of 1856, and in 1857 the state backed a $5 million bond issue to support the new rail system. But speculators manipulated the nascent railroad's profits, overcharged it for supplies, and sold off some of its assets. It went bankrupt in 1860, and the new state legislature purchased all of its assets for a mere $1,000.

In 1862, the state legislature reorganized the bankrupt railroad as the St. Paul and Pacific Railroad. That same year, 10 miles (16 km) of track between St. Paul and St. Anthony finally opened. Egbert E. Litchfield bought most of the road's stock, and while the branch line reached Sauk Rapids by 1867 (financed mostly by bonds sold in the Netherlands) little was accomplished on the main line. Only 210 miles (340 km) of track had been laid as of 1865. The railroad built almost no more track between 1867 and 1871. Nonetheless, it heavily promoted the construction of towns every 8 miles (13 km) along its length, and was the leading railroad helping to "colonize" Minnesota.

In December 1870, the Northern Pacific Railway purchased the SP&P. But the Northern Pacific went bankrupt in the Panic of 1873, and E. Darwin Litchfield (Egbert's brother) bought the SP&P back from the bigger road.Dutch investors held most of the road's stock, and forced Litchfield to allow a receiver to manage the system. For three more years, little was done by the receiver.

But James J. Hill, who ran steamboats on the Red River, knew that the SP&P owned very valuable land grants and saw the potential of the railroad. Hill convinced John S. Kennedy (a New York City banker who had represented the Dutch bondholders), Norman Kittson (Hill's friend and a wealthy fur trader), Donald Smith (a Montreal banker and executive with the Hudson's Bay Company), and George Stephen (Smith's cousin and a wealthy railroad executive) to invest $5.5 million in purchasing the railroad. On March 13, 1878, the Dutch formally signed an agreement transferring their bonds to the investors group and giving them control of the railroad.

To finance construction of the SP&P, the road issued bonds that allowed the bearer to receive up to $10,000 per mile of track completed, but only if the line was finished. In February 1879, the group bought out the Litchfields with cash and bonds in the new company. The SP&P showed a $500,000 profit for 1878, and in March 1879 two different courts finally approved the company's emergence from bankruptcy.

On May 23, 1879, the key investors in the railroad formed a new company, the St. Paul, Minneapolis and Manitoba Railway (StPM&M), to take over the assets of the SP&P. It did so in June 1879, bringing an end to the existence of the St. Paul and Pacific.

On September 18, 1889, Hill changed the name of the Minneapolis and St. Cloud Railway (a railroad which existed primarily on paper, but which held extensive land grants throughout the Midwest and Pacific Northwest) to the Great Northern Railway. On February 1, 1890, he transferred ownership of the StPM&M, Montana Central Railway, and other rail systems he owned to the Great Northern.

Today, Progressive Rail Corp. runs freight trains in Santa Cruz County under the same name St. Paul and Pacific and with the same reporting marks Sp&p.

  1. Malone (1996), p. 31.
  2. Lovoll, p. 39.
  3. Smalley, p. 295-296.
  4. Malone (1996), p. 33.
  5. Fitzsimmons, p. 48.
  6. Malone (1996), p. 33-34.
  7. Dreiser, p. 44-45.
  8. Malone (1996), p. 34.
  9. Ingham, p. 807.
  10. Lovoll, p. 40.
  11. Malone (1996), p. 36.
  12. Malone (1996), p. 37.
  13. Malone (1996), p. 38.
  14. Malone (1996), p. 37-38.
  15. Martin, Joseph E. (2017). "Titans". Canada's History. 97 (5): 47–53. ISSN 1920-9894.
  16. Malone (1996), p. 38-41.
  17. Malone (1996), p. 49.
  18. Malone (1996), p. 51.
  19. Malone (1996), p. 56.
  20. Malone (1996), p. 57.
  21. Yenne, p. 23.
  • Dreiser, Theodore. Tragic America. London: Constable, 1931.
  • Fitzsimmons, Bernard. 150 Years of North American Railroads. Hadley Woods, Hertfordshire, U.K.: Winchmore, 1982.
  • Ingham, John N. "Litchfield, Paul Weeks." In Biographical Dictionary of American Business Leaders. Westport, Conn.: Greenwood Press, 1983.
  • Lovoll, Odd S. Norwegians on the Prairie: Ethnicity and the Development of the Country Town. St. Paul: Minnesota Historical Society, 2007.
  • Malone, Michael P. (1996).James J. Hill: Empire Builder of the Northwest. Norman, OK: University of Oklahoma Press.
  • Smalley, Eugene Virgil. History of the Northern Pacific Railroad. New York: G.P. Putnam's Sons, 1883.
  • Yenne, Bill. Great Northern Empire Builder. St. Paul, Minn.: MBI Publishing, 2005.

Saint Paul and Pacific Railroad
Saint Paul and Pacific Railroad Article Talk Language Watch Edit Not to be confused with Chicago Milwaukee St Paul and Pacific Railroad For the current railroad of this name see Progressive Rail Inc The Saint Paul and Pacific Railroad also known as the St Paul amp Pacific Railroad and the SP amp P was a shortline railroad in the state of Minnesota in the United States which existed from 1857 to 1879 Founded as the Minnesota and Pacific Railroad it was the state s first active railroad 1 2 It went bankrupt and the state changed its name to the Saint Paul and Pacific Railroad The SP amp P went bankrupt as well It was taken over by James Jerome Hill and others who used the railroad as the basis for building the Great Northern Railway Saint Paul and Pacific RailroadOverviewHeadquartersSaint Paul MinnesotaLocaleMinnesota United StatesDates of operation1857 1879SuccessorGreat Northern RailwayTechnicalTrack gauge4 ft 8 1 2 in 1 435 mm standard gauge Contents 1 Early history 2 Saint Paul and Pacific 3 Demise and future ownership 4 Footnotes 5 BibliographyEarly history EditIn 1857 the territorial legislature of the state of Minnesota issued a charter to the Minnesota and Pacific Railroad to build a standard gauge railway from Stillwater in the east to St Paul in the west 1 3 From St Paul the main line would extend to Breckenridge in the west the state s border with the Dakota Territory while a branch line would extend to St Cloud Crow Wing and St Vincent 1 3 As the state s first active railroad though not necessarily the state s first railroad 1 the Minnesota and Pacific received a grant of 2 460 000 acres 1 000 000 ha of land from the territorial legislature 4 5 This was the seventh largest land grant of the 75 given to railroads nationwide between 1850 and 1871 4 Construction began in the autumn of 1856 and in 1857 the state backed a 5 million bond issue to support the new rail system 6 But speculators manipulated the nascent railroad s profits overcharged it for supplies and sold off some of its assets 4 7 It went bankrupt in 1860 and the new state legislature purchased all of its assets for a mere 1 000 8 Saint Paul and Pacific EditIn 1862 the state legislature reorganized the bankrupt railroad as the St Paul and Pacific Railroad 8 That same year 10 miles 16 km of track between St Paul and St Anthony finally opened 8 2 Egbert E Litchfield bought most of the road s stock and while the branch line reached Sauk Rapids by 1867 financed mostly by bonds sold in the Netherlands little was accomplished on the main line 8 9 Only 210 miles 340 km of track had been laid as of 1865 2 The railroad built almost no more track between 1867 and 1871 8 Nonetheless it heavily promoted the construction of towns every 8 miles 13 km along its length and was the leading railroad helping to colonize Minnesota 10 In December 1870 the Northern Pacific Railway purchased the SP amp P 9 11 But the Northern Pacific went bankrupt in the Panic of 1873 12 and E Darwin Litchfield Egbert s brother bought the SP amp P back from the bigger road 9 13 Dutch investors held most of the road s stock and forced Litchfield to allow a receiver to manage the system 13 For three more years little was done by the receiver 13 But James J Hill who ran steamboats on the Red River knew that the SP amp P owned very valuable land grants and saw the potential of the railroad 14 Hill convinced John S Kennedy a New York City banker who had represented the Dutch bondholders Norman Kittson Hill s friend and a wealthy fur trader Donald Smith 15 a Montreal banker and executive with the Hudson s Bay Company and George Stephen Smith s cousin 15 and a wealthy railroad executive to invest 5 5 million in purchasing the railroad 16 On March 13 1878 the Dutch formally signed an agreement transferring their bonds to the investors group and giving them control of the railroad 17 To finance construction of the SP amp P the road issued bonds that allowed the bearer to receive up to 10 000 per mile of track completed but only if the line was finished 18 In February 1879 the group bought out the Litchfields with cash and bonds in the new company 9 19 The SP amp P showed a 500 000 profit for 1878 and in March 1879 two different courts finally approved the company s emergence from bankruptcy 20 Demise and future ownership EditOn May 23 1879 the key investors in the railroad formed a new company the St Paul Minneapolis and Manitoba Railway StPM amp M to take over the assets of the SP amp P 20 It did so in June 1879 bringing an end to the existence of the St Paul and Pacific 20 On September 18 1889 Hill changed the name of the Minneapolis and St Cloud Railway a railroad which existed primarily on paper but which held extensive land grants throughout the Midwest and Pacific Northwest to the Great Northern Railway 21 On February 1 1890 he transferred ownership of the StPM amp M Montana Central Railway and other rail systems he owned to the Great Northern 21 Today Progressive Rail Corp runs freight trains in Santa Cruz County under the same name St Paul and Pacific and with the same reporting marks Sp amp p Footnotes Edit Railways portal a b c d Malone 1996 p 31 a b c Lovoll p 39 a b Smalley p 295 296 a b c Malone 1996 p 33 Fitzsimmons p 48 Malone 1996 p 33 34 Dreiser p 44 45 a b c d e Malone 1996 p 34 a b c d Ingham p 807 Lovoll p 40 Malone 1996 p 36 Malone 1996 p 37 a b c Malone 1996 p 38 Malone 1996 p 37 38 a b Martin Joseph E 2017 Titans Canada s History 97 5 47 53 ISSN 1920 9894 Malone 1996 p 38 41 Malone 1996 p 49 Malone 1996 p 51 Malone 1996 p 56 a b c Malone 1996 p 57 a b Yenne p 23 Bibliography EditDreiser Theodore Tragic America London Constable 1931 Fitzsimmons Bernard 150 Years of North American Railroads Hadley Woods Hertfordshire U K Winchmore 1982 Ingham John N Litchfield Paul Weeks In Biographical Dictionary of American Business Leaders Westport Conn Greenwood Press 1983 Lovoll Odd S Norwegians on the Prairie Ethnicity and the Development of the Country Town St Paul Minnesota Historical Society 2007 Malone Michael P 1996 James J Hill Empire Builder of the Northwest Norman OK University of Oklahoma Press Smalley Eugene Virgil History of the Northern Pacific Railroad New York G P Putnam s Sons 1883 Yenne Bill Great Northern Empire Builder St Paul Minn MBI Publishing 2005 Retrieved from https en wikipedia org w index php title Saint Paul and Pacific Railroad amp oldid 1024705934, wikipedia, wiki, book,

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