Waddell and Russell brought on a new partner,
Alexander Majors, and on January 1, 1855, the new firm of Russell, Majors and Waddell was created. Under charter from the Kansas legislature, the C.O.C. & P.P.E Company started an
express mail business called the
Pony Express which began operations on April 3, 1860. Waddell supervised the business activities of the office from the headquarters of the firm in Lexington, Missouri, and later
Leavenworth, Kansas. The Pony Express would prove to be a failure, losing upwards of $1,000 a day. By October 1861, the Express was out of business due to the completion of the telegraph lines and the unwillingness of the national government to provide further funding. ==Later years==