The Meadville Railroad Company changes its name to the Atlantic and Great Western Railroad Company of Pennsylvania.
C. L. Ward, Henry Doolittle, and William Reynolds go to Europe on behalf of the Ohio and Pennsylvania companies to sell bonds in the companies and purchase iron. James McHenry agrees to support the effort, contingent on his engineer, T. W. Kennard, surveying the route. Salamanca, a Spanish nobleman and banker, places $1 million worth of Atlantic & Great Western bonds in Spain.