Russell’s Second Mistake

“The launching of [the Leavenworth and Pike’s Peak Express in 1858] was the second disastrous mistake Russell made. Had he resisted the temptation to join Jones in it and worked solely to repair Russell, Majors & Waddell’s damaged credit [after losses incurred during the Mormon War] the firm might have succeeded. His action further undermined its financial standing, earned for himself the reputation of being a reckless gambler and involving him and his partners in a series of catastrophic events which in the end brought total ruin.”