Chicago, Danville and Vincennes Railroad

In 1869, the first mortgage was issued, on a term of 40 years; it provided $2.5 million in bonds at an interest rate of seven percent.

Four of the passenger trains (two southbound and two northbound) only ran between Chicago and Blue Island, a distance of 20 miles (32 km).

In each case, the consolidated company maintained the name "Chicago, Danville and Vincennes Railroad".

[6][7][8] According to the minutes of a meeting of the Board of Directors, the cost of building this line was substantially more than expected, due partly to the difficulty of crossing the Wabash River between Warren and Fountain Counties.

It failed to pay the interest on its mortgages, and attempted to resolve this by issuing further bonds in 1873.