Chartered April 30, 1900, the Kansas City, Mexico and Orient Railway Company ran from Kansas City to Topolobampo Bay, Mexico, a distance of 1,659 miles. A contract with the Hamburg-American Steamship Company would provide trans-Pacific service upon completion of the railroad to Topolobampo Bay. Included in the initial plans of the company was a cut off from San Angelo, Texas to Del Rio, Texas, with a connection to Chihuahua, Mexico.
In 1912, the United States District Court of Kansas City appointed E. C. Dickinson, J. L. Davison and M. L. Turner as receivers, who were responsible for formulating a plan for the reorganization of the railway company. Additional receivers, representing the interests of Texas and Mexico, joined during that same year, and a committee was formed to protect the interests of the bondholders. Foreclosure took place on July 6, 1914, when the property of the company was sold to the newly chartered Kansas City, Mexico and Orient Railroad Company.
Scope and Content:
This collection consists of two reports, concerning the bankruptcy and reorganization of the Kansas City, Mexico and Orient Railroad Company during 1912. Also included is an Aetna Life Insurance Company policy (1927) for William E. Bush, an employee of the railroad company.
Both reports were written by E. C. Dickinson, vice-president and General Manager of the railway company. The first report (June 18, 1912) contains background information of the company, maps, news clippings, types of rolling stock and estimated costs and earnings needed by the Bondholder Committee. The second report (July 11, 1912), addressed to the Reorganization Committee, presents Dickinson's response after studying other reports given to the committee.
Amount: 1 box