Texas. Legislature. Joint Committee to Investigate the Receivership of the International & Great Northern Railroad.

The Texas Joint Committee to Investigate the Receivership of the International & Great Northern Railroad was created by a concurrent resolution of the 22nd Texas Legislature, Regular Session, approved by the Texas House of Representatives on March 30, 1891 and by the Texas Senate on the following day. The resolution called for the investigation of the case of Jay Gould vs. the International & Great Northern (I&GN) Railroad Company and all the proceedings in the case, which included the receivership of the I&GN.

Railroad financier Jay Gould acquired control of the I&GN in 1879 and leased it then to the Missouri, Kansas, and Texas Railroad Company, which Gould also controlled. In February 1889, Gould filed suit in the District Court of Smith County, Texas against the I&GN for payment of promissory notes. Creditors and parties that had personal injury lawsuits against the I&GN intervened and made counterclaims. While these suits were pending, the I&GN was put into a receivership that lasted three years.

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