C. Wickham was named as its Receiver. When reorganized, it was renamed The Chesapeake & Ohio Railway Company. West Virginia coal development and Newport News piers Shortly after the end of the Civil War, Collis P. Huntington and his associates began buying up land in Warwick County, Virginia. During the ten years from 1878 to 1888, C&O's coal resources began to be developed and shipped eastward. Transportation began of southern West Virginia coal to Newport News where it was loaded on coast-wise shipping and transported to the Northeast became a staple of the C&O's business at this time. In 1881, C&O's new Peninsula Extension was completed from Richmond through the new Church Hill Tunnel and down the Virginia Peninsula through Williamsburg to reach coal piers located on the harbor Hampton Roads, the East Coast of the United States' largest ice-free port. The Peninsula Subdivision featured gentle grades through coastal plains of the Tidewater region of Virginia, dropping only about 30 feet in elevation, from Richmond (54 feet above sea-level) to Newport News (at 15 feet above sea-level). Collis P. Huntington helped develop the tiny unincorporated community at Newport New Point into a new independent city with the coal and other railroad business and the development of Newport News Shipbuilding and Drydock Company. In 1883–84 the failure of the railroad to repay a loan led to the failure of the finance company Fisk & Hatch and the Newark Savings Institution (which held much of its money with Fisk & Hatch). Morgan and Vanderbilt take control In 1888 Huntington lost control of the C&O in a reorganization without foreclosure that saw his majority interest lost to the interests of J.P. Morgan and William K. Vanderbilt. In those days before US antitrust laws were created, many smaller railroads which appeared to be in competition with each other were essentially under common control. Even the leaders of large Pennsylvania Railroad (PRR) and New York Central Railroad (NYC), ostensibly bitter rivals, had secretly entered into a "community of interests" pact. Morgan and Vanderbilt had Melville E. Ingalls installed as president. Ingalls was, at the time, also President of the Vanderbilt's Cleveland, Cincinnati, Chicago and St. Louis Railroad (The "Big Four System"), and held both presidencies concurrently for the next decade. Ingalls installed George W. Stevens as general manager and effective head of the C&O. The C&O gains a water level route along the James River