Note 38 — Chapter VIII

Within a few months came another change of proprietorship, the route passing on a mortgage foreclosure into the hands of Benjamin Holladay, a famous stage line promoter, late in 1861. Early the following year Holladay reorganized the management under the name of the Overland Stage Line. This seems to have been what today is technically known as a holding company; for until the expiration of the old Butterfield contract in 1863[38], he allowed the business east of Salt Lake City to be carried on by the old C. O. C. & P. P. Co.; west of Salt Lake, the new Overland Line allowed, or sublet the through traffic to a vigorous subsidiary, the Pioneer Stage Line[39].