Chicago, Kansas and Nebraska Railroad
Encyclopedia
The Chicago, Kansas and Nebraska Railway (originally Railroad) was formed in 1885 with Marcus Low, a former attorney for the Chicago, Rock Island and Pacific Railroad
, as its president. The CRI&P advanced the CK&N about twenty-five million dollars to begin construction in exchange for nearly all of the CK&N's stock. Essentially, this made the CRI&P the owner of the CK&N from the very beginning. The CK&N had put down about 1388 miles of track by 1888, mostly in Kansas
and Missouri
, but in 1889 it failed to make its interest payment to the CRI&P. The CRI&P started foreclosure proceedings on the CK&N, eventually fully taking over by June 17, 1891.
Chicago, Rock Island and Pacific Railroad
The Chicago, Rock Island and Pacific Railroad was a Class I railroad in the United States. It was also known as the Rock Island Line, or, in its final years, The Rock.-Incorporation:...
, as its president. The CRI&P advanced the CK&N about twenty-five million dollars to begin construction in exchange for nearly all of the CK&N's stock. Essentially, this made the CRI&P the owner of the CK&N from the very beginning. The CK&N had put down about 1388 miles of track by 1888, mostly in Kansas
Kansas
Kansas is a US state located in the Midwestern United States. It is named after the Kansas River which flows through it, which in turn was named after the Kansa Native American tribe, which inhabited the area. The tribe's name is often said to mean "people of the wind" or "people of the south...
and Missouri
Missouri
Missouri is a US state located in the Midwestern United States, bordered by Iowa, Illinois, Kentucky, Tennessee, Arkansas, Oklahoma, Kansas and Nebraska. With a 2010 population of 5,988,927, Missouri is the 18th most populous state in the nation and the fifth most populous in the Midwest. It...
, but in 1889 it failed to make its interest payment to the CRI&P. The CRI&P started foreclosure proceedings on the CK&N, eventually fully taking over by June 17, 1891.