Word: ironton
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Dates: during 1920-1929
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Baltimore & Ohio-Reading, Central of New Jersey, Chicago & Alton, Buffalo, Rochester & Pittsburgh, Detroit, Toledo & Ironton (one-half...
Wabash-Lehigh Valley, Wheeling & Lake Erie, Pittsburgh & West Virginia, Western Maryland. Ann Arbor, Norfolk & Western. Seaboard Air Line, Detroit, Toledo & Ironton...
...disappear. Henry Ford, owner of the D. T. & I. had sold his property to an unannounced purchaser. Agent in the transaction was the firm of Charles D. Barney & Co., Manhattan brokers. Probable real purchaser was Pennroad Corp., Pennsylvania Railroad holding company. Whoever the new buyer, the Detroit, Toledo & Ironton's Ole Massa had certainly sold it down the river...
...under Ford ownership. When Mr. Ford purchased it in 1920 for $5,000,000, railroad men generally decided that the Ford transportation genius was confined to rubber-tired vehicles only. For the D. T. & I. staggered its 343 miles from Detroit and Toledo to Ironton, Ohio, in hopeless and continued depression. It made no money and showed no signs of ever making money. Owner Ford made it pay. He electrified 263 miles of it. He raised salaries that were accustomed to being reduced. He speeded up the freight service (passenger traffic has never been an important D. T. Item...
...agitated by the probability that the Pennsylvania was behind the D. T. & I. purchase. Reasonable seemed this conclusion. Last month was purchased Canton, Baltimore's bustling freight and industrial suburb, by a similarly unnamed principal which later proved to be the Pennsylvania (TIME, June 24). Furthermore, the Detroit, Toledo & Ironton was one of the roads included in the Baltimore & Ohio's plan for a greater and longer B. & O. (TIME, March 4). Just as the Canton purchase was virtually a slice carved out of B. & O.'s own backyard, so the Detroit, Toledo & Ironton seemed to be another Penn scoop...