Texas and Pacific Railway

The Texas and Pacific Railway Company (known as the T&P) was created by federal charter in 1871 with the purpose of building a southern transcontinental railroad between Marshall, Texas and San Diego, California. The T&P had a significant foothold in Texas by the mid 1880s but construction difficulties delayed westward progress until American financier Jay Gould acquired an interest in the railroad in 1879. The T&P never reached San Diego but instead met the Southern Pacific at Sierra Blanca, Texas in 1881. The Missouri Pacific Railroad, also controlled by Gould, leased the T&P from 1881 to 1885 and continued a cooperative relationship with the T&P after the lease ended. Missouri Pacific gained majority ownership of the Texas and Pacific Railway's stock in 1928 but allowed it to continue operation as a separate entity until they were eventually merged on October 15 1976.

Related Topics:
Transcontinental railroad - Marshall, Texas - San Diego, California - Jay Gould - Southern Pacific - Sierra Blanca, Texas - 1881 - Missouri Pacific Railroad - October 15 - 1976

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