1846

The Race for the Midwest Tom Lehmann https://18xx.guide · v1.0.1

Players	3	4	5
Start cash	$400	$400	$400
Bank	$6,500	$7,500	$9,000
Companies	5	6	7
Cert limit	14	12	11

Removals cut the orange and blue privates and the green companies at random: two of each at three players, one at four.

StartDraft privates

No auction. Shuffle the privates together with one blank card per player. Starting right of the priority deal and going counter-clockwise, each player draws players + 2 cards, keeps one face down, and returns the rest, shuffled, to the bottom.
If the last card is a private, each player in turn takes it or knocks $10 off for the next; at $0 it is taken free.
A blank is a pass. Everyone reveals and pays at once. The Michigan Southern and Big 4 then take their list price in treasury, and their debt is part of what you paid.

SRBuy/sell shares

Sell any, then buy one. You may not buy a company you have already sold this round.
Par $40 to $150, eleven values.
Incremental capitalization at 20% sold.
A player may hold 60%, the market 50%.
Selling moves the price exactly one left if the president sold—no matter how many shares were sold.

SRThe market

At the end of the round: one left if any share sits in the market, one right if sold out.
A price reaching $0 closes the company: shares, trains, tokens, and privates leave the game, and the certificate limit falls.

OROperating round

Two operating rounds to a stock round. Privates pay, then the Michigan Southern and Big 4, then companies in descending price. The game's first OR runs in ascending price instead.
A corporation may buy a private from a player for $1 up to list price.

ORIssue and redeem

Before anything else a company may issue shares to the market—up to the number players hold, less those already there—taking one price less for each, and shifting its price one left a share.
Or redeem from the market at one price more. Neither move is otherwise a price change.

ORLay track

One yellow in an empty hex, then a second yellow or one upgrade. Either may be skipped.
Every lay costs $20, or the hex's terrain if that is more. Completing a tunnel or pass hexside pays its symbol as well; after that the hex costs $20.

ORTokens

One token an OR, $80, in any city you can trace a route to. The home token is free when the company launches.
Reserved spots at Cincinnati, Erie, Centralia, and Ft. Wayne are held until phase 4; another company pays $40 for one.
The B&O and PRR may token Cincinnati and Ft. Wayne unconnected—$40 if they do connect, $100 and $60 if not.

ORRun trains

An N/M train visits up to M places and pays the N best, one of which must hold your token. A plain N visits N.
A route from an E off-board to a W one adds both bonuses printed beside them.

ORPay dividends

Withhold, or <½ ←1 · under the price 0 · ≥1× →1 · ≥2× →2 · ≥3× and ≥$165 →3
You may pay half: round half down to $10 and retain it, divide the rest. Treasury shares pay the treasury.

ORBuy trains

A company must end its turn with a train, and buys from the bank at list or from another company at $1 or more.
Each phase sells two trains at once, an N and an N/M at different prices; take either.
A forced purchase issues shares first, then takes the president's cash. They sell what they must, never past a change of presidency in the company operating.
A president who still cannot pay is bankrupt and out: their cash goes to the company, their shares to the market. The game ends only when one player is left.

ENDEndgame

The bank breaking ends the game after that stock round and its two operating rounds.
Privates valued at list only if the game ends before phase 3.

Trains
Train	Cost	Limit	Phases out	Removes	Brings
2	$80	4
3/5	$160	·			Green
4	$180	·
4/6	$450	3	2		Brown · privates go · higher off-board
5	$500	·
7/8	$900	2	3/5 · 4	2	Gray · markers go
6	$800	·

Companies
Company		Home		Tokens
B&O	Baltimore & Ohio	G19	Wheeling	4
C&O	Chesapeake & Ohio	I15	Huntington	4
ERIE	Erie	E21	Salamanca	4
GT	Grand Trunk	B16	Port Huron	3
IC	Illinois Central	K3	Cairo	4
NYC	New York Central	D20	Erie	4
PRR	Pennsylvania	F20	Homewood	5

Privates
Private	List	Pays	Power
Michigan Southern	$60	×	A one-train company of its own, home Detroit C15, with a $80 debt and $60 in treasury. Lays track and runs, splitting revenue with its owner. Buying it takes its cash, 2-train and token, but that train may not run that round.
Big 4	$40	×	The same, home Indianapolis G9, $60 debt and $40 in treasury. Operates after the Michigan Southern.
Lake Shore Line	$40	$15	One free green upgrade of Cleveland or Toledo, once green is out.
Michigan Central	$40	$15	Two extra free yellow tiles in its reserved hexes B10 and B12; if both are laid they must touch.
Ohio & Indiana	$40	$15	The same in F14 and F16.
Little Miami	$40	$15	An extra free tile in each of Cincinnati and Dayton, if no track joins them yet.
Steamboat Company	$40	$10	A +$20 marker on Chicago Conn., Toledo, or St. Louis, or +$40 on Holland or Wheeling. Its owner may move it each OR until a company buys it.
Meat Packing	$60	$15	A +$30 marker on St. Louis or Chicago, fixed once placed.
Boomtown	$60	$10	A +$20 marker on Cincinnati.
Tunnel Blasting	$60	$20	Mountain, tunnel, and pass costs $20 less.
Chicago & Western Indiana	$60	$10	Reserves the Chicago spot beside E7 and places a free token there, connected or not.
Mail Contract	$80		+$10 a city on one train's route. Never removed once a company owns it.

1846

Tile manifest 120 tiles · ×N = count in box

Yellow from the start · 49 tiles

#5 ×3

#6 ×4

#7 ×5 unlimited

#8 ×15 unlimited

#9 ×15 unlimited

#57 ×4

#291 ×1

#292 ×1

#293 ×1

Green from the first 3/5 or 4 · 44 tiles

#14 ×4

#15 ×5

#16 ×2

#17 ×1

#18 ×1

#19 ×2

#20 ×2

#21 ×1

#22 ×1

#23 ×4

#24 ×4

#25 ×2

#26 ×1

#27 ×1

#28 ×1

#29 ×1

#30 ×1

#31 ×1

#294 ×2

#295 ×2

#296 ×1

#298 ×1

#619 ×3

Brown from the first 4/6 or 5 · 23 tiles

#39 ×1

#40 ×1

#41 ×2

#42 ×2

#43 ×2

#44 ×1

#45 ×2

#46 ×2

#47 ×2

#70 ×1

#297 ×2

#299 ×1

#611 ×4

Gray from the first 7/8 or 6 · 4 tiles

#51 ×2

#290 ×1

#300 ×1

Z Cleveland, Detroit, Cincinnati—each takes only its own tiles · Chi Chicago, four cities on one hex. Tiles 7, 8, and 9 are unlimited; the box holds the counts printed here.