Deficit of the Leavenworth Pikes Peak Company

From the very beginning of the Leavenworth & Pike’s Peak Express Company, Majors and Waddell watched it with forebodings of disaster. In this they were justified, for after about nine months of operation the concern had accumulated a deficit of $525,532.30 A balance sheet for the company, dated November 28, 1859, shows that it owed the firm of Russell, Majors & Waddell alone $190,269.