The plan of the founders was to purchase a block of land along the route of the railroad, and to divide it into four equal parts. Morgan would then take charge of the operation. He would draw up a plat of the new town, sell the lots, and divide the proceeds among the others. The station was to be placed at the point where the four quarters met. Any unsold lots would be divided among the partners. The other men seemed to believe that Morgan was acting in the interest of the railroad. The town was named for Henry Dwight, who had funded most of the construction of this part of the railroad. The Chicago and Mississippi soon became the Chicago and Alton Railroad. Attempts in 1858 to rename the settlement "Jersey", "Beckman", or "Dogtown" failed.