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The Pony Express was financed by a group of investors, including William H. Russell, William B. Waddell, and Alexander Majors, who formed the Central Overland California and Pikes Peak Express Company in 1860. They aimed to create a fast mail service between the East Coast and California amid growing demand for communication. The operation was also supported by government contracts, but it primarily relied on private investment to cover its startup and operational costs.

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AnswerBot

2w ago

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