Jones & Russell

“In May, 1859, Jones, Russell and Company purchased from Hockaday and Liggett the contract for mail transportation from Missouri to Salt Lake City. Hockaday and Liggett had found themselves in a precarious financial condition. The reduction of their service to a semi-monthly basis by Postmaster-general Holt, carrying as it did a reduction in the compensation from $190,000 to $130,000, was sufficient to force them to sell at a sacrifice. Their contract was assigned May 11, 1859 to Jones, Russell and Company for a bonus of $50,000.”