Word: centralized
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
...last week made another feint towards accomplishing consolidations of eastern railroads. In 1920 Congress authorized the railroads to consolidate into trunk systems. But there was no acceptable plan. So the railroads have bought to form system themselves. Between the Mississippi, Great Lakes and Atlantic Seaboard, the Pennsylvania, New York Central and B. & O. were solidly braced to take on smaller lines. The Van Sweringens entered the situation by buying control of the Nickel Plate, Chesapeake & Ohio, Erie, Pere Marquette and Hocking Valley and offering a plan (contested in the event) for unifying them. Leonor Fresnel Loree entered it by control...
...soon became evident that the Pennsylvania and Loree interests had joined for a run-run-pull-away match against the New York Central, B. & O. and Van Sweringen interests. At the year's end the situation was this...
...York Central (Patrick Edward Crowley, president) had done those promotional things, also. Only last week did there come intimation (not announcement) that the New York Central would electrify its lines all the way from Manhattan to Buffalo. In railroad alignment the road had stood fairly unmoved. Its major action was to take one-third the stock of the Wheeling & Lake Erie from the Van Sweringens, who bought the road from the Rockefellers. They retained one-third
...chagrin of trans-shippers. Neighboring cities might benefit, places like Port Newark, N. J., and Norfolk, Va. All four railroad systems would carry grain and manufactured articles eastward. The Pennsylvania, C. & O. and B. & O. would go through soft coal country (western Pennsylvania, Ohio, West Virginia), the New York Central and Pennsylvania through hard coal country (eastern Pennsylvania). Pennsylvania and B. & O. would serve the middle Atlantic states. New York Central would take care of New England over the Boston & Albany and New York, New Haven & Hartford, and would reach eastern Canada over the Rutland. The Pennsylvania might also branch...
...point, when the steam pipes were installed, connection was made with the system from the Elevated power plant. The heating service, even at that great distance, proved satisfactory and it was gradually extending until all the Yard buildings, except the house occupied by Professor Palmer, were connected with the central plant. Later the new Fogg Art Museum was brought into the system...