The Midland Valley Railroad (MV) was incorporated on June 4, 1903 for the purpose of building a line from Hope, Arkansas, through Muskogee and Tulsa, Oklahoma to Wichita, Kansas. It was backed by C. Jared Ingersoll, a Philadelphia industrialist who owned coal mining properties in Indian Territory (now part of the state of Oklahoma). The railroad took its name from Midland, Arkansas, a coal mining town in western Arkansas, which was served by the railroad. The Midland Valley gained access to Fort Smith, Arkansas via trackage rights over the Frisco from Rock Island, Oklahoma.