 Following bitter conflict with the Rio Grande Western during lease disagreements and continued financial struggles, the D&RG went into receivership in July 1884 with court appointed receiver William S. Jackson in control.Eventual foreclosure and sale of the original Denver & Rio Grande Railway resulted within two years and the new Denver & Rio Grande Railroad took formal control of the property and holdings on July 14, 1886 with Jackson appointed as president.General Palmer would continue as president of the Utah line until retirement (due to company re-organization) in 1901.