The Southwestern Arkansas and Indian Territory Railroad was a railroad in the U.S. state of Arkansas in the late 19th century. [1] The 10-mile-long, 3 ft (914 mm) narrow gauge line opened in July 1887 as an extension between Smithton and Hebron in Cleveland County, Arkansas. The line was converted to 4 ft 8 1⁄2 in (1,435 mm) standard gauge in 1891. [1]
The United States of America (USA), commonly known as the United States or America, is a country composed of 50 states, a federal district, five major self-governing territories, and various possessions. At 3.8 million square miles, the United States is the world's third or fourth largest country by total area and is slightly smaller than the entire continent of Europe's 3.9 million square miles. With a population of over 327 million people, the U.S. is the third most populous country. The capital is Washington, D.C., and the largest city by population is New York City. Forty-eight states and the capital's federal district are contiguous in North America between Canada and Mexico. The State of Alaska is in the northwest corner of North America, bordered by Canada to the east and across the Bering Strait from Russia to the west. The State of Hawaii is an archipelago in the mid-Pacific Ocean. The U.S. territories are scattered about the Pacific Ocean and the Caribbean Sea, stretching across nine official time zones. The extremely diverse geography, climate, and wildlife of the United States make it one of the world's 17 megadiverse countries.
Arkansas is a state in the southern region of the United States, home to over 3 million people as of 2017. Its name is of Siouan derivation from the language of the Osage denoting their related kin, the Quapaw Indians. The state's diverse geography ranges from the mountainous regions of the Ozark and the Ouachita Mountains, which make up the U.S. Interior Highlands, to the densely forested land in the south known as the Arkansas Timberlands, to the eastern lowlands along the Mississippi River and the Arkansas Delta.
Three foot gauge railways have a track gauge of 3 ft or 1 yard. This gauge is a narrow gauge and is generally found throughout North, Central, and South America. In Ireland, many secondary and industrial lines were built to 3 ft gauge, and it is the dominant gauge on the Isle of Man, where it is known as the Manx Standard Gauge. Modern 3 ft gauge railways are most commonly found in isolated mountainous areas, on small islands, or in large-scale amusement parks and theme parks. This gauge is also popular in model railroading, and model prototypes of these railways have been made by several model train brands around the world, such as Accucraft Trains (US), Aristo-Craft Trains (US), Bachmann Industries, Delton Locomotive Works (US), LGB (Germany), and PIKO (Germany).
The line was sold at foreclosure on 13 March 1900 after receivership was begun in March 1896, and reorganized on 28 April 1900 as the Arkansas Southwestern Railway Co. [2]
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.
In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in cases where a company cannot meet financial obligations or enters bankruptcy. The receivership remedy is an equitable remedy that emerged in the English chancery courts, where receivers were appointed to protect real property. Receiverships are also a remedy of last resort in litigation involving the conduct of executive agencies that fail to comply with constitutional or statutory obligations to populations that rely on those agencies for their basic human rights.
