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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 ...
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.
Development of Fixed Physical Property Of the total road owned by the Western Pennsylvania Railroad Company on date of merger, it had acquired by purchase the partly constructed property of the North Western Railroad Company between Blairsville and Freeport, about 36 miles, which it completed in 1863-1865. Of the balance, 2.11 miles were ...
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 ...
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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]
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The railroad of the Southern Pennsylvania Railway and Mining Company, hereinafter called the Southern Pennsylvania, which is leased to and operated by the carrier, is a single-track line extending from Richmond to South Pennsylvania Junction, Pa., a distance of about 20 miles, with a branch extending from Mercersburg to Mercersburg Junction, Pa., of about 2 miles.