the lbc made money for carpenter; he then re-invested it into a project to enlarge the road. the project, a railroad called the colorado, wyoming & great northern (cw&gn), would have negated the need for the uintah railway. the cw&gn financially overextended carpenter and he was unable to weather the panic of 1893. isaac chauncy wyman then acquired the lbc through bond foreclosure and reincorporated it as the book cliff railroad about 1900.