▁by ▁Brit ton ▁& ▁Co ., ▁a ▁construction ▁firm ▁based ▁in ▁Warren . ▁Work ▁between ▁Warren ▁and ▁Young st own ▁began ▁about ▁August ▁ 1 8 5 3 . ▁ ▁The ▁road ▁proved ▁more ▁cost ly ▁to ▁build ▁than ▁anticip ated . ▁To ▁obtain ▁more ▁funds , ▁the ▁company ▁sold ▁$ 8 5 0 , 0 0 0 ▁($ ▁in ▁ ▁dollars ) ▁in ▁b onds ▁on ▁August ▁ 2 2 , ▁ 1 8 5 3 . ▁Another ▁$ 3 0 0 , 0 0 0 ▁($ ▁in ▁ ▁dollars ) ▁in ▁stock ▁was ▁sold ▁in ▁Philadelphia ▁in ▁early ▁ 1 8 5 4 . ▁By ▁July , ▁grad ing ▁was ▁complete ▁in ▁Cleveland ▁from ▁the ▁C uy ah oga ▁River ▁to ▁the ▁top ▁of ▁the ▁height s ▁in ▁what ▁was ▁then ▁New burgh ▁Township . ▁Once ▁more , ▁the ▁rail road ▁ran ▁out ▁of ▁money . ▁This ▁time , ▁it ▁estimated ▁it ▁needed ▁another ▁$ 2 0 0 , 0 0 0 ▁($ ▁in ▁ ▁dollars ) ▁to ▁complete ▁grad ing ▁the ▁road ▁to ▁Young st own . ▁ ▁Second ▁phase ▁of ▁grad ing ▁To ▁raise ▁the ▁necessary ▁funds , ▁the ▁rail road ▁decided ▁to ▁sell ▁more ▁b onds . ▁The ▁bond ▁sales ▁fal tered ▁badly ▁due ▁to ▁the ▁economic ▁challeng es ▁brought ▁about ▁by ▁the ▁ 1 8 5 3 – 5 4 ▁re cess ion . ▁Per kins ▁tra ve led ▁to ▁the ▁United ▁Kingdom ▁in ▁the ▁spring ▁of ▁ 1 8 5 4 ▁to ▁try ▁to ▁sell ▁b