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The company was organized August 1st, 1849, by the selection of Alfred Kelley, Samuel L. Seldin, Heman B. Ely, George E. Gillett, David R. Paige, Laphnor Lake and Peleg P. Sanford as directors, and Heman B. Ely as president, and the surveys from Cleveland were made under the superintendence of Frederick Harbeck as chief engineer, and from the State line to Erie he acted as consulting engineer, filling both situations until his death, which occurred in the month of February, 1851.

Childs finally recommended Mr. Harbeck, who, in company with Stillman Witt and Amasa Stone, Jr., undertook and carried out the building of the road to its completion. In February, 1851, the first through train arrived from Columbus, bringing the State authorities and the Legislature, to celebrate the union of the two cities.

A contract for the construction of the road from Cleveland to the State line of Pennsylvania was made with Frederick Harbeck, A. Stone, Jr., and Stillman Witt, on the 26th day of July, 1850, but the work progressed slowly for six months after the contract was concluded, principally for the reason that there was no confidence in the ability of a railroad from Cleveland to Erie or Buffalo to compete with the lake in the transportation of persons and property, and the contractors expended more than $100,000 of their means before a like amount could be raised through all other sources.