Word: york
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Dates: during 1920-1929
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...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
Northern Mississippi and Great Lakes cities would have four integrated routes to the Atlantic for their farm and industrial products. Baltimore would grow greater as a port, reached by the C. & 0., B. & 0., and Pennsylvania. This is important in view of the growing commerce with South America. New York City might also be relieved of some of her traffic congestion, to the benefit of shippers, if to the 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...
...Delaware & Northern which reached the news last week when Samuel E. Rosoff, Manhattan subway builder, bought it on speculation. New York City will probably need part of its right of way for a new water supply system...
...late Henry Pomeroy Davison initiated the renaissance of the Guaranty Trust Co.* The bank had been founded (1864) during the crooked financial period of the Civil War. It was then called the New York Guarantee & Indemnity Co. The late Samuel D. Babcock kept its financing reputable through the dishonest '70s. Thereafter its honesty was no longer necessary, for it ceased to exist except as a name and the title owner of a piece of Long Island real estate...