In 1919, the terminal facilities at Old Colorado City and the abandoned tracks between Old Colorado City and Divide were sold to the Midland Terminal Railway, owned by Carlton and Spencer Penrose. The following year the line through Victor was extended to La Bella Junction. Passengers, mail, and ore was transported along the now Midland Terminal Railway tracks from Cripple Creek to Old Colorado City, but scheduled passenger service ended in 1931. After 1934, 90% of the railroad's business was transporting ore to the Golden Cycle Mining and Reduction Company, which was the only remaining ore processing facility in Old Colorado City. There was some freight and ore shipped across the rails during World War II, but business dropped off thereafter. The railway had abandoned the Taylor Switchback to the Independence Mine in 1930 and in 1948 a total of of track from Old Colorado Springs to Cripple Creek, within the Cripple Creek mining district, and the spur in Old Colorado City to the Golden Cycle Mining and Reduction Company.