0 0 0 ▁($ ▁in ▁ ▁dollars ) ▁a ▁year . ▁The ▁le ase ▁did ▁not ▁cover ▁the ▁C & M V , ▁however , ▁which ▁remained ▁tied ▁only ▁to ▁the ▁AG & W ▁and ▁not ▁the ▁Er ie . ▁After ▁Hugh ▁J . ▁Jew ett ▁became ▁president ▁of ▁the ▁Er ie ▁in ▁July ▁ 1 8 7 4 , ▁he ▁discovered ▁that ▁the ▁le ase ▁required ▁the ▁A & G W ▁to ▁purchase ▁a ▁cont rolling ▁interest ▁in ▁the ▁Cleveland , ▁Columb us , ▁C inc inn ati ▁and ▁Indian apolis ▁Railway , ▁and ▁turn ▁over ▁the ▁stock ▁to ▁the ▁Er ie . ▁ ▁This ▁the ▁A & G W ▁had ▁not ▁done . ▁Moreover , ▁the ▁A & G W ▁had ▁the ▁right ▁to ▁demand ▁that ▁the ▁Er ie ▁depos it ▁an ▁un limited ▁amount ▁of ▁se cur ities ▁in ▁an ▁Ohio ▁bank ▁of ▁its ▁choosing ▁in ▁order ▁to ▁ensure ▁the ▁good ▁credit worth iness ▁and ▁continu ing ▁operation ▁of ▁the ▁A & G W . ▁ ▁Jew ett ▁declared ▁the ▁le ase ▁broken ▁by ▁the ▁A & G W ' s ▁failure ▁to ▁perform . ▁Its ▁fin ances ▁dest abil ized ▁by ▁the ▁loss ▁of ▁r ental ▁income ▁and ▁security ▁guarante es , ▁the ▁A & G W ▁went ▁into ▁receiver ship ▁on ▁December ▁ 8 , ▁ 1 8 7 4 , ▁ ▁The ▁AG & W ▁spent ▁six ▁years ▁dr ifting ▁through ▁bank rupt cy . ▁As ▁it ▁did , ▁the ▁C & M V ▁expanded ▁its ▁route