Harriman and Investors Purchase Most of UP's Assets
E.H. Harriman, former president of the Illinois Central and president of Union Pacific (1904-1909), spent the next decade reorganizing the company and reacquiring other major portions of the railroad, such as the Oregon Short Line and the OR&N. The new company was named Union Pacific Railroad Company. Harriman spent more than $240 million improving the line from Omaha to Ogden. His initiatives included investing in modern locomotives, freight and passenger cars, eliminating curves and reducing grades, replacing wooden bridges with steel or masonry, constructing cutoffs, reducing mileage, improving water supply, enlarging operations yards, installing heavier rail, and double tracking by the hundreds of miles. Ultimately, Harriman’s rehabilitation of the company returned UP to prosperity. He was unsuccessful in reacquiring a line from Denver to Galveston.