▁the ▁other ▁own ers ▁of ▁the ▁" 1 8 7 2 ▁invest ment ▁trust " ▁were ▁out rag ed : ▁They ▁had ▁purchased ▁more ▁than ▁$ 5 0 ▁million ▁($ ▁in ▁ ▁dollars ) ▁in ▁AG & W ▁stock ▁and ▁$ 7 0 ▁million ▁($ ▁in ▁ ▁dollars ) ▁in ▁AG & W ▁b onds , ▁and ▁had ▁seen ▁no ▁return . ▁They ▁initi ated ▁several ▁law su its ▁which ▁delayed ▁the ▁A & G W ' s ▁emer gence ▁from ▁bank rupt cy ▁for ▁three ▁years . ▁Finally , ▁on ▁March ▁ 1 6 , ▁ 1 8 8 0 , ▁the ▁five ▁trust ees ▁of ▁the ▁A & G W ▁organized ▁a ▁new ▁company , ▁the ▁New ▁York , ▁Pennsylvania ▁and ▁Ohio ▁Rail road ▁( N Y P & O , ▁pron ounced ▁" N ip - ah - no "), ▁on ▁beh alf ▁of ▁the ▁bond hold ers . ▁The ▁Atlantic ▁& ▁Great ▁Western ▁was ▁sold ▁to ▁the ▁NY P & O ▁on ▁March ▁ 2 0 , ▁ 1 8 8 0 . ▁ ▁On ▁June ▁ 2 2 , ▁ 1 8 8 0 , ▁the ▁C & M V ▁was ▁converted ▁to ▁standard - g au ge ▁in ▁a ▁single ▁day . ▁ ▁In ▁order ▁to ▁retain ▁control ▁of ▁the ▁C & M V , ▁the ▁NY P & O ▁executed ▁supp lement al ▁le ases ▁with ▁the ▁road ▁on ▁May ▁ 4 , ▁ 1 8 8 0 , ▁and ▁again ▁on ▁April ▁ 2 4