 In actuality, by 1889 the Union Pacific Rail Road was having genuine financial difficulties and was on a shoe string budget anyway.In 1890 Jay Gould and John D. Rockefeller pooled their money and gained control of the Union Pacific, halting further progress of the Portland and Puget Sound Rail Road.However, after the death of Jay Gould and some years later, the plans for the Union Pacific to gain access to the Puget Sound Region were revived, under the new name of the Oregon & Washington Rail Road, later changed to the Oregon & Washington Railroad & Navigation Company.