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In consideration for acquiring the lease of this property the Pennsylvania Company issued to the Pennsylvania Railroad $1,250,000 par value of its preferred stock. This property was sublet by the Pennsylvania Company to The Pittsburgh, Cincinnati, Chicago & St. Louis Railway Company for sole operation under a 25-year lease dated October 24, 1876.
1870: "Pennsylvania Central" is split into lines east (renamed Pennsylvania Railroad) and lines west Pennsylvania Company is formed to hold securities from companies West of Pittsburgh; Use of track pans begins on PRR at Sang Hollow, Pennsylvania; [13] Pennsy reaches Cincinnati, Ohio, with lease of Little Miami and St. Louis, Missouri, with ...
On the other hand, the Northern Central controls, through ownership of either a majority of or the entire outstanding capital stock, the Shamokin Valley and Pottsville Railroad Company whose common-carrier property was operated by the Pennsylvania Railroad on December 31, 1917, under lease and The Elmira and Lake Ontario Railroad Company whose ...
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The Pennsylvania Railroad Company, tracks, 37.56 miles from Manunka Chunk to Stroudsburg, Pa.; annual rental equal to 50 per cent of gross earnings on traffic between the two points named. 16,970.22 Lehigh and New England Railroad Company, tracks, 0.26 mile at Nazareth, Pa., annual rental equal to one-half of 6 per cent on valuation. 30.72
The Penn Central Transportation Company, commonly abbreviated to Penn Central, was an American class I railroad that operated from 1968 to 1976. Penn Central combined three traditional corporate rivals (the Pennsylvania, New York Central and the New York, New Haven and Hartford railroads), all united by large-scale service into the New York metropolitan area and (to a lesser extent) New ...
From the Glen Jean Lower Loup and Deepwater Railroad Company, Nov. 21, 1901. 3.60 Constructed by that company— Glen Jean to Carlisle, W. Va., 1900. From the Kanawha Railway Company, Jan. 31, 1902. 14.60 Constructed by that company— Cabin Creek to Acme, W. Va., no details as to construction. From the Alberene Railroad Company, Feb. 15, 1902 ...
Alfred E. Perlman and Stuart W. Saunders were Penn Central's first executives, and quickly became enemies. The Penn Central Company came into existence on February 1, 1968, with the Pennsylvania Railroad absorbing the New York Central and adopting the new name, which was subsequently changed to the Penn Central Transportation Company on October 1, 1969. [1]