Russell Admits the Firm is Weak

Russell’s “great faith” in winning the coveted mail contract was obviously from a more modest viewpoint than as the reigning lord of the Central. A few days after Godard Bailey broke confidence and shattered his world of financial sophistry, he [Russell] conceded to Waddell that a through mail line to the Pacific Coast was beyond the company’s means—”the whole line will require too much additional capital and we have it not.” Such a doleful admission of failure! So that flamboyant gesture, the great wager that sent scores of young lads racing across the prairies, had come to naught. What now was he thinking of the gloried Pony Express? How ironical that his pains to prove the Central Route feasible should benefit an arch rival!