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Texas Midland Railroad (TM) was incorporated in Texas on December 1, 1892, by Hetty Green. The original standard gauge 52 mile line was built between Garrett and Midland Junction (also called Roberts) by the Houston and Texas Central Railroad in 1882. This original line was known as the Northeast Extension of the Houston and Texas Central. The line went bankrupt in 1885 and the Northeast Extension was sold at foreclosure on April 22, 1891, and became the Texas Central . This portion of the Texas Central was sold on October 27, 1892, to Hetty Green. Hetty Green sold the 52 mile railroad to the Texas Midland on January 27, 1893, and installed her son Edward Howland Robinson Green as president and General Manager. Headquarters city of the Texas Midland was Terrell, Texas. At start up the new company had five steam locomotives a 2-4-4, three 4-4-0s and a 4-6-0. Initial capitalization of the Texas Midland was $500,000. Over the next two decades Hetty Green invested some $1.8 million in the Texas Midland.
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