A railroad quits Cass County
When the CP&StL Bondholders’ Protective Committee sold off segments of the bankrupt Chicago, Peoria & St. Louis Railway in 1925, utility magnate Samuel Insull’s Chicago & Illinois Midland snapped up the most desirable portion – the Peoria-Pekin-Havana-Springfield segment.
As for Cass County, the Havana-Virginia-Jacksonville line was acquired by a group headed by Chicago financier Andrew Stevenson and incorporated as the Jacksonville & Havana Railroad. This group also purchased the CP&StL’s Springfield-St. Louis segment, naming it the Chicago, Springfield & St. Louis Railroad.
In many respects, the two railroads operated as one company. This arrangement was bolstered when the J&H secured trackage rights over the Chicago, Burlington & Quincy between Jacksonville and Waverly, where it connected with the CS&StL.