GENERAL

The player owning the highest combined total of cash and stock valued at market price at game end is the winner of 1862.

1862 has at its heart a very simple mechanic. The yellow, green, brown and grey tiles are used to build a railroad network on the map. As in a real railway, the tracks link stations together. The train cards steam symbolically from one station to another and so earn income. The (pretend) passengers pay for their journey. The more, and the larger, the stations at which train calls, to the more income it produces. Players own private companies and shares of 13 public companies. The public companies belong to their shareholders, one of them being the company’s president. Only the president decides how the company is to be run.

After cutting and gluing you should have the following game components spread out in front of you:

• 1 mapboard
• 1 stock market board
• 1 game phase reference chart
• 1 bankpool sheet
• 1 initial offering sheet
• 85 yellow track tiles
• 47 green track tiles
• 24 brown track tiles
• 8 grey track tiles
• 1 special grey tile (Erie)
• 42 train cards
• 8 private company certificates
• 54 public company certificates of 3 companies (1 x 30% (Pres.) 7 x10%, 1 x 10% (Pres.), 8 x 5%, 1 x 50% each)
• 190 public company certificates of 10 companies (1 x 20% (Pres.) 8 x10%, 1 x 10% (Pres.), 8 x 5%, 1 x 50% each)
• 24 debt certificates
• 40 station markers
• 13 par value tokens
• 13 share price tokens
• 66 white plastic tokens (to glue the markers and tokens to)
• 1 black plastic token (to show changes between stock and operating rounds)
• 13 public company charters
• 8 varieties of paper money (1$, 2$, 5$, 10$, 20$, 50$, 100$ and 500$ for a total value of 22.000$)
• 1 priority deal card
• 1 plastic stand for priority deal card
• 7 starting order cards
• 1 rules of play

PREPARATION TO PLAY

• STARTING ORDER

  • To determine the player's starting order, each player is dealt a starting order card. The players should take their places clockwise in ascending order of their card number.
  • One player should volunteer to be the banker who should have enough space to sort the money (22.000$) and other game components in front of him.

• PLAYER STARTING CAPITAL

  • Each player receives his starting capital according to the number of players.

  • Each player receives:600$ if 4 players, 500$ if 5 players, 440$ if 6 players, 400$ if 7 players

• MISCELLANEOUS

  • The private company certificates (numbered 1-8) are spread out on the mapboard and the public company certificates are placed on the initial offering sheet.

  • New (never sold) public company certificates have to be kept separately from old (once belonging to a player) certificates. Old certificates belong to the bankpool (empty at game start).

  • Train cards and yellow track tiles will be needed soon. Sort the track tiles near the mapboard for an easy overview of straights, bends and stations.

  • Move the type 2 train cards to the available trains (verfügbare Loks) space on the stock market board. Sort the other train cards from type 3 to type 10E and move them to the ‘unavailable trains’ (nicht verfüg bare Loks) space. If - excepting 'E'-trains - all available trains have been sold out, move next series of train cards to the 'available trains' space.

  • The public company charters should be kept near the mapboard. They will hold the company’s entire belongings (trains, treasury, station markers, redeemed shares and debt certificates). The company’s treasury must be kept separately from money in player’s hands and other companies’ treasury.

  • Paper, pen and a pocket calculator can be useful at game end.

INITIAL STOCK ROUND

• The player with the lowest starting order card receives the priority deal card.

• As a matter of principle, in each turn a player may either buy a single certificate, place a bid on a certificate to be offered later or pass. Once a player has done one of these things his turn is over and the next player takes his turn.

• Initially, only the private company certificates are available in the first stock round. Only the lowest numbered unsold certificate is available for purchase at printed price. Bids to other papers have to be at least 5$ higher tha n its printed price or the currently highest bid. As long as a player has placed the highest bid in a private certificate, this money is earmarked and can’t be used for bids on other certificates. However, if another player places a higher bid on that cer tificate, the player has two options: keep the money on the bid (allows the player to participate in the following auction) or withdraw the bid and get the money back.

• If the ‘1’ certificate is still unsold after all players have successively passed, the certificate is offered at a 5$ lower price to the next player. The first player to whom the certificate is offered at 0$ has to buy it (this has no disadvantages).

• If a certificate is bought and the next certificate that would normally be offered for sale has only one bid on it, that certificate is immediately sold to the player who bid on it at bid price. If two or more players have bid on t he next company being offered, an auction is held starting with the bidding player to the left of the player with the highest bid. Auction is in clockwise order, players can either pass (ending their participation in this auction) or bid at least 5$ highe r as the last bid. The certificate for auction goes to the player with the highest bid after all other participating players have passed.

• Payment for certificate goes to the bank, immediately after the buying player receives his certificate.

• Certificates may not be sold during the initial stock round.

• After the last private certificate is sold, the certificates of the first group of public companies (NYH, NYC, CP) are available for sale. The remainder of the initial stock roun d follows the rules described in STOCK ROUND, except that players may not sell any certificates.

• If there are still unsold private certificates available after all players have passed, the stock round ends and the first operating round begins. It consists only of the private companies' revenues payment. After this operating ro und, another initial stock round begins.

• If all players have passed successively (and the ‘1’ certificate has been sold) the initial stock round ends.

• An operating round follows.

PRIVATE COMPANIES

• GENERAL

  • The private companies:

  • No	name	price	Dividend
    1	Butterfield Overland Mail	20	5
    2	Erie Steamship Company	40	10
    3	Baltimore & Ohio Railroad	70	15
    4	Rocky Mountain Company	100	15
    5	Pacific Steamship Company	150	25
    6	First New York Steamship C.	180	30
    7	Sacramento - Omaha Company	220	35/15
    8	New Haven Steamship Company	280	40

  • Private company certificates are certificates with fixed revenue, paid to the owning player at the start of each operating round.

  • They lay no track (exception: see below) nor do they own trains.

  • Private company certificates may not be sold.

  • They have no value at game end.

  • Private companies are closed are closed if their owning player uses their special ability or as described below.

• SPECIAL ABILITIES

  • The owner of the Butterfield Overland Mail (BOM) has no special advantages except its revenue.

  • The owner of the Erie Steamship Company (ERIE) may, at any time - even during a stock round - place the special grey Erie tile. This closes the Erie Steamship Company and is the only way to do so voluntarily. This special ti le is only available to the Erie Steamship Company and may only be placed on the Erie hex E 28. In spite of its grey colour, it may be placed from the yellow phase on.

  • The owner of the Baltimore & Ohio Railroad (B & O) has no special advantages except its revenue. However, immediately after purchase, he must place its station marker to Baltimore. This station marker is removed imme diately after the owner chooses to close the Baltimore & Ohio Railroad voluntarily.

  • The owner of the Rocky Mountain Company (RMC) may place, if he acts as president of a public company in an operating round, an additional yellow track tile with a discount of up to 160$ of the hex’ printed building cost. Thi s action closes the Rocky Mountain Company.

  • The owner of the Pacific Steamship Company (PSC) receives a 10% share of the WP. When the WP pays its first revenue the Pacific Steamship Company is closed.

  • The owner of the First New York Steamship Company (FNY) receives two 10% shares of the NYC. When the NYC pays its first revenue the First New York Steamship Company is closed.

  • The owner of the Sacramento - Omaha Company (SOC) receives a 10% share of the CPR and a 10% share of the UP. When the first of these companies is floated, the revenue of the Sacramento - Omaha Company is reduced to 15$. It i s closed if both companies have been floated.

  • The owner of the New Haven Steamship Company (NYSH) receives the 30% president share of the NYH. He has to set the par value of the NYH immediately (usually 100$). The New Haven Steamship Company is closed when the NYH is fl oated. (Note: It is possible that the New Haven Steamship Company is closed without paying any revenue).

PUBLIC COMPANIES

OPERATING ROUND

LAYING OF TRACK

• Yellow track tiles may be laid directly onto the hexes on the mapboard and represent railway tracks. Grey and red hexes represent track already laid and may not be built on.

• In the yellow phase, companies may only lay one yellow tile. Form the green phase onwards, it may lay two yellow tiles.

• At the start of the game (yellow phase), only yellow tiles are available. The track on the tile must be a direct continuation of a route already accessible to the company laying the tile. The new track must be connected with a stat ion marker of that company and may not be laid if a station marker of another company blocks this connection.

• In its first turn, a company either lays a station tile onto its start hex, or extends track already built.

• On hexes with no markings only track with no stations may be laid.

• Only track with a small station (black crossbar) may be laid on a hex with a small city (black dot).

• Only track with a large station (white circle) may be laid on a hex with a large city (circle).

• Only station tiles marked with letter(s) (P, L, M, NY, Mtl, NO and Chi) may be laid on cities with the corresponding letter(s).

• No tile may be laid so as to leave a track running into the sea or the grey area in the north-east, nor one running off the mapboard except for the red off board destinations.

• A tile may be laid so that it does not connect with track of all adjacent tiles provided that all other rules have been observed.

• Building on hexes containing mountains, rivers or coast involves cost as shown on the map (coast 40$, river 80$, mountain 120$, mountain + river 160$). These costs must be paid (from the company’s treasury) as the tile is laid.

UPGRADING TRACK

• Instead of laying one or two yellow tiles, a public company may upgrade an existing tile or printed hex.

• Yellow tiles may be upgraded with green tiles.

• Green tiles may be upgraded with brown tiles.

• Brown tiles may be upgraded with grey tiles.

• Green tiles are only available from the purchase of the first type 3 train onwards.

• Brown tiles are only available from the purchase of the first type 5 train onwards.

• Grey tiles are only available from the purchase of the first type 8 train onwards.

• A public company may only upgrade a tile if it has route, from an own station marker, unblocked by other companies station markers, to the tile after upgrading.

• Existing track must be preserved during tile promotion.

• Tiles without stations may not be upgraded into tiles with stations. In the same way tiles with small stations may not be converted into large stations, or vice versa. Only stati on tiles marked with letter(s) (P, L, M, NY, Mtl, NO and Chi) may be used to upgrade station tiles with the corresponding letter(s).

• Upgrading of station tiles may lead to an increase of the number of station marker spaces on it. If a free space is so created, then a company may use this to build beyond a previous blocked station.

• Tiles that have been replaced by an upgrade are again available for further building.

• A yellow tile has to be laid in the printed hex of Omaha (this doesn’t count as an upgrade) before upgrading it.

PLACING STATION MARKERS

• Each public company starts from its home station. Its first station marker is placed there for free when the company acts for first time in an operating round. All public com panies may place at least one additional station marker.

• Station markers have the following properties:

• Each route run by a company’s train must include in it a station with a station marker of that company.

• If a station is completely filled with station markers then only train of that (those) company(s) may run through this station. Other companies' trains must end their routes in this station.

• Every route built by a public company must be connected to a station marker of that company.

• The home station marker is for free.

• The next station marker a company builds costs 40$, any further (if available) station markers cost 100$.

• Station markers across the US/Canadian border cost 1.5-times as much as normal (60$ instead of 40$, 150$ instead of 100$).

• A company may only place one station marker (besides its home station marker) per operating round.

• A company may not build more then one station marker in any tile.

• A station marker may only be placed on a station that is directly connected with an existing station marker of that company. The connecting route may not be blocked by station ma rkers of other companies.

• No other company may place a station marker onto a home station of another company that has not yet placed its home station marker.

OPERATING TRAINS

• A company may run each of its trains over one route per turn. Since the purchase of trains comes after running them it is impossibly for a train to run in the turn in which i t is purchased. Therefore, it is impossible for a company to earn any income in its first operating round.

• A route comprises of at least two different stations or offboard destinations (start and end point) which are connected by track.

• Each route run must contain somewhere on it a station marker of the company using the route.

• The route may include small and large stations. The maximum of stations and offboard destinations included is determined by the train type (printed on the train card).

• Except for E-trains, which can omit any stations (of president’s choice), all stations of a route are counted.

• A route must be clear, it may not include the same tile twice, except it includes two separate stations (like the yellow and green New York tile).

• A route may have as start and end points a station whose station marker spaces are entirely occupied by markers of other companies but may not run through such a station.

• A station, which is not entirely occupied by station markers, may be freely run through.

• No route may use the same piece of track twice, no matter how short. However, separate pieces of track on the same tile may be used.

• If a company owns more than one train then their routes must be entirely separate from each other. Routes may cross or meet at stations as long as they use separate tracks into and out of the stations. Thus, a company can only use a branching off with a single train.

INCOME RECKONING AND PAYMENT

• The bank pays the income of each public company.

• The income is the total income of all trains run by the company plus any possibly received bonuses for running trains to certain stations.

• The income of a train is the sum of the values all (E-trains: Non-omitted) stations and offboard destinations in a train’s route. The red offboard destinations have different values in the different phases of the game. The first (l eft) value is used in the yellow and green phases, the second (right) in the brown and grey phases.

• Only the president decides whether a dividend is to be paid or not. If no dividend is paid, the company withholds its income and adds it to its treasury.

• If a company owns a redeemed share, this is treated like a share in player possession (i.e. it earns a dividend to its treasury if the president pays one).

• If a dividend is paid then each shareholder receives a percentage of the total equals to their percentage shareholding. In case of 5% share certificates, the income is rounded up in favour of the players. (Example: Of a dividend of 150$, each 5% share receives 8$, the company’s redeemed 50% share gets the remaining 70$).

• Unowned share certificates, still in the initial offering or in the bankpool, earn their dividend to the bank (in effect, the dividend stays in the bank).

SHARE PRICE MOVEMENT

SHARE PRICE 0 (COMPANY CLOSURE)

PURCHASING TRAINS

BANKRUPTCY

• Use this rule whenever a player’s private funds (cash and saleable shares) are insufficient for due payments.

• All private companies in the players’ possession and all public companies under his presidency (including all their trains) are out of the game.

• If the Erie Steamship Company is now out of the game, place the special Erie tile in its hex.

• All of these companies’ (public companies and B & O) station markers are now turned over to their blank side. Their only remaining function is to block other companies’ route s.

• The remaining players’ certificate limit is reduced - see the table on page 11.

• Example: In a 5-player game, player A, presiding 3 companies bankrupts.

• The certificate limit is reduced from 18 (5 players and 13 companies) to 16 (4 players and 10 companies).

• Shareholders of a company presided by a bankrupted player are fully compensated (at current share price, after the bankrupted player’s the forced share sale) from the bank.

• A player presiding more than one company may buy a train form one of his other companies to avoid bankruptcy but isn’t forced to do so. If he does while he could still improve his position till the game end should at least make the bankrupt player feel what a mischief he’s making.

• If a bankrupted player still owns shares of other companies (because there are already 5 shares in the bankpool); they are now put into the bankpool. This is not counting as a sell, i.e. the share value isn’t affected. This is the only occasion in which more then 5 of a company’s shares are allowed in the bankpool.

• The bankrupted player’s final score is now calculated by adding up the value of his remaining shares and deducting his remaining debt.

EFFECTS OF PURCHASING NEW TRAINS

• At the start of the first operating round (phase yellow):

  • only yellow track tiles available

  • lay one yellow tile

  • train limit 4

  • lower bonus value (20$ per hex)

  • use the left value of offboard destinations

  • one operating round after each stock round

• After the purchase of the first type 3 train (phase green):

  • green track tiles available

  • lay two yellow tiles or upgrade one yellow tile to green

  • share redemption possible

  • two operating rounds after each stock round

• After the purchase of the first type 4 train:

  • all type 2 trains are scrapped as obsolete.

  • train limit 3

• After the purchase of the first type 5 train (phase brown):

  • brown track tiles available

  • train limit 2

  • higher bonus value (30$ per hex)

  • use the right value of offboard destinations

  • one operating round after each stock round

  • type 5E train alternatively available

  • three operating rounds after each stock round

• After the purchase of the first type 6 train:

  • all type 3 trains are scrapped as obsolete.

  • type 6E train alternatively available

• After the purchase of the first type 8 train (phase grey):

  • grey track tiles available

  • all type 4 trains are scrapped as obsolete.

  • type 8E train alternatively available

• After the purchase of the first type 10 train:

  • type 10E train alternatively available

SHARE REDEMPTION

• Share redemption is a company’s only possibility to earn money for its treasury without affecting its share value through withholding a dividend.

• The company buys back 50% of its shares at current share value.

• It buys half of each share.

• For this purpose only, the company may take a debt certificate, to be paid back at game end.

• For each 100$ of debt to be paid back at game end, the company receives:

  • 60$ if the debt certificate is taken in the green phase (40% interest)

  • 80$ if the debt certificate is taken in the brown phase (20% interest)

  • 90$ if the debt certificate is taken in the grey phase (10% interest)