Collis Huntington intended to connect the C&O with his western and mid-western holdings, but had much other railroad construction to finance and he stopped the line at the Ohio and over the next few years did little to improve its rough construction or develop traffic. The only connection to the West was by packet boats operating on the Ohio River. Because the great mineral resources of the region hadn't been fully realized yet, the C&O suffered through the bad times brought on by the Financial Panic of 1873, and went into receivership in 1878. Williams C. Wickham was named as its Receiver. When reorganized, it was renamed The Chesapeake & Ohio Railway Company.