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The Pennsylvania Railroad (reporting mark PRR), legal name The Pennsylvania Railroad Company, also known as the "Pennsy", was an American Class I railroad that was established in 1846 and headquartered in Philadelphia, Pennsylvania.
A small town in East Central Illinois is named Thawville, Illinois in honor of William Thaw Sr. William K. Thaw owned a controlling interest in the Gilman, Clinton & Springfield Railroad and Thawville was platted in November 1871. The GCS went into receivership during the panic of 1873 and was later taken over by the Illinois Central Company.
Thomas Alexander Scott (December 28, 1823 – May 21, 1881) was an American businessman, railroad executive, and industrialist. In 1861, President Abraham Lincoln appointed him to serve as U.S. Assistant Secretary of War, and during the American Civil War railroads under his leadership played a major role in the war effort.
The following railroads merged to form the Pennsylvania Railroad (PRR). On February 1, 1968, the PRR merged into Pennsylvania New York Central Transportation.. The following PRR-owned and leased companies were still separate at the time of the Penn Central merger:
Symes joined the Pennsylvania Railroad as a clerk in 1916. One of the earliest—and largest railroads in the United States—the Pennsylvania began styling itself the "Standard Railroad of the World" the same year James Symes went to work for the company. One of the largest railroads, it was also one of the largest business concerns in the U.S.
John Edgar Thomson (February 10, 1808 – May 27, 1874) was an American civil engineer and industrialist. An entrepreneur best known for his leadership of the Pennsylvania Railroad (PRR) from 1852 until his death in 1874, Thomson made it the largest business enterprise in the world and a world-class model for technological and managerial innovation.
April 1: The new independent Toledo, Peoria and Western Railroad acquires the property of the former Toledo, Peoria and Western Railway, [173] owned jointly by the Chicago, Burlington and Quincy Railroad and Pennsylvania Company and in receivership since July 2, 1917. [174]
American railroad company Penn Central Transportation Company declared bankruptcy on June 21, 1970, two and a half years after its formation by the merger of the New York Central Railroad and the Pennsylvania Railroad. At the time, this was the largest bankruptcy in American history. [1]