Ormsby was the only passenger on the first East-West run of the Butterfield Stage who journeyed the entire distance of the mail route. He sent periodic dispatches to the paper describing his journey, including the pickup of passengers outside the Lawrence Livery Stables. Near the end of Butterfield's service, in March 1861 on the Southern Overland Trail, John Butterfield was voted out as president of the Overland Mail Company because he wasn't making money for the stockholders. He remained a stockholder in the company and attended the meetings with vice-president William B. Dinsmore now elevated to president of the company. The Congressional report shows the modifications to the six-year Butterfield contract ending on September 15, 1864. Kirby Sanders was the National Park Service consulting historian and lead researcher for compiling the history for the master Special Resource Study for the Butterfield National Trail project and put into perspective the confusion over Wells, Fargo & Co.'s only involvement on the Butterfield Trail (Southern Overland Trail). He stated that they had only a secondary role and may have run a "trunk route" off of Butterfield from Los Angeles to San Diego. Waddell F. Smith, grandson of William Bradford Waddell, one of the founders of the Pony Express put into perspective the later involvement of Wells, Fargo & Co., two years after the Butterfield contract ended. What was known as the "Grand Consolidation," of the three stage lines, that held the mail contract on the Central Overland Trail, was achieved by Ben Holladay, "The Stagecoach King." The three lines now comprising the consolidation were the Pioneer Stage Line, the Overland Mail Company, and Wells, Fargo & Co. This three-million-dollar corporation, formed on February 5, 1866, became a new giant with an increased capitalization of ten million dollars. Wells, Fargo & Co. changed its name to Wells, Fargo and Company and was approved by the stockholders on December 10, 1866. Wells, Fargo and Company bought out Ben Holladay and was finally operating as a mail carrying stage company, with their name finally on a transom rail of a stagecoach, on the Central Overland Trail. But the end was in sight, as the construction of the Transcontinental Railroad was nearing completion. On May 16, 1868, the board of directors of Wells, Fargo and Company authorized the sale of the company's stage lines, although they remained in operation until the completion of the railroad on May