Denver, South Park and Pacific Railroad - History

History

The company was incorporated in the Colorado Territory as the "Denver, South Park and Pacific Railway" on October 2, 1872 with 2.5 million dollars in capital. Less than a year later, on June 16, 1873, it was reorganized by John Evans as the "Denver, South Park and Pacific Railroad" with an increased capitalization of 3.5 million dollars. Construction from Denver to Morrison began in August, 1873, by the Denver Railway Association, following approval by Arapaho County Voters who passed a $300,000 Bond Issue. On June 20, the tracks reached Morrison, and on July 3, scheduled service began between Denver and Morrison, with two 2 round-trip mixed trains per day. This branch would provide a healthy income from the start, shipping stone, lumber, and coal from Mt. Carbon. However, the financial panic in 1873, precipitated by Jay Cooke & Co. of Philadelphia (financiers of the Northern Pacific Railroad), caused a reduction in traffic, resulting in reduced construction until 1876. During this period, the Denver, South Park and Pacific Railroad struggled to remain solvent.

The tracks reached the mouth of the Platte Canyon on May 4, 1878, 20 miles (32 km) from Denver, and by June 2, the tracks reached 12 miles (19 km) up the canyon. The tracks reached Buffalo Creek on June 17. The following year, on May 19, 1879, the tracks reached to the summit of Kenosha Pass and on June 27 they reached Como. The railroad was earning about $1,200 a day, with only a daily operating expense of $480. This made the railroad very profitable, while also allowing a steady flow of money to help with construction cost. In November 1879, with the tracks only as far as South Park, the company contracted for the initial construction of the Alpine Tunnel, with an expected finish date of July 1, 1880. The following month, the tracks reached to the summit of Trout Creek Pass.