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Van Sweringen Railroad Holdings
In addition to streetcar lines, the Van Sweringen Brothers of Cleveland, Ohio owned a vast network of steam railroads. History The New York Central Railroad had owned the closely parallel New York, Chicago and St. Louis Railroad since 1882, soon after its opening. Due to fears of prosecution under the 1914 Clayton Antitrust Act, the NYC sold the line on July 5, 1915 to the newly formed Nickel Plate Securities Corporation, a holding company formed by the Vans. They were at first only interested in the line to provide a right-of-way for their Shaker Heights Rapid Transit to downtown Cleveland. By 1920 the Vans had decided they wanted control of other railroads, including the Lehigh Valley Railroad, Delaware, Lackawanna and Western Railroad, Western Maryland Railway, Wheeling and Lake Erie Railway, Pittsburgh and West Virginia Railway, Pere Marquette Railway, Cincinnati Northern Railroad and Toledo, St. Louis and Western Railroad (Clover Leaf), as well as partial ownership in the Lak ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Streetcar
A tram (called a streetcar or trolley in North America) is a rail vehicle that travels on tramway tracks on public urban streets; some include segments on segregated right-of-way. The tramlines or networks operated as public transport are called tramways or simply trams/streetcars. Many recently built tramways use the contemporary term light rail. The vehicles are called streetcars or trolleys (not to be confused with trolleybus) in North America and trams or tramcars elsewhere. The first two terms are often used interchangeably in the United States, with ''trolley'' being the preferred term in the eastern US and ''streetcar'' in the western US. ''Streetcar'' or ''tramway'' are preferred in Canada. In parts of the United States, internally powered buses made to resemble a streetcar are often referred to as "trolleys". To avoid further confusion with trolley buses, the American Public Transportation Association (APTA) refers to them as "trolley-replica buses". In the United ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lake Erie And Western Railroad
The Lake Erie and Western Railroad was a railroad that operated in Ohio, Indiana and Illinois. The Lake Erie and Western Depot Historic District at Kokomo, Indiana, was listed on the National Register of Historic Places in 2008. The beginning The Seney Syndicate linked several short railroads in Ohio, Indiana, and Illinois to form the Lake Erie and Western Railroad in 1879 and 1880. The Lake Erie and Western extended from the Lake Shore and Michigan Southern Railway at Fremont, Ohio, westward through Fostoria, Ohio, to Bloomington, Illinois. Acquisitions In 1900, the Lake Erie and Western came under the control of the New York Central Railroad. After operating it as a separate entity for two decades, the New York Central sold the Lake Erie and Western to the Nickel Plate Road The New York, Chicago and St. Louis Railroad , abbreviated NYC&St.L, was a railroad that operated in the mid-central United States. Commonly referred to as the "Nickel Plate Road", the railroad serv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Missouri Pacific Railroad
The Missouri Pacific Railroad , commonly abbreviated as MoPac, was one of the first railroads in the United States west of the Mississippi River. MoPac was a Class I railroad growing from dozens of predecessors and mergers. In 1967, the railroad operated 9,041 miles of road and 13,318 miles of track, not including DK&S, NO&LC, T&P, and its subsidiaries C&EI and Missouri-Illinois. Union Pacific Corporation, the parent company of the Union Pacific Railroad, agreed to buy the Missouri Pacific Railroad on January 8, 1980. Lawsuits filed by competing railroads delayed approval of the merger until September 13, 1982. After the Supreme Court denied a trial to the Southern Pacific, the merger took effect on December 22, 1982. However, due to outstanding bonds of the Missouri Pacific, its full merger into the Union Pacific Railroad did not become official until January 1, 1997. History On July 4, 1851, ground was broken at St. Louis on the Pacific Railroad, the predecessor of the M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago And Eastern Illinois Railroad
The Chicago and Eastern Illinois Railroad was a Class I railroad that linked Chicago to southern Illinois, St. Louis, and Evansville. Founded in 1877, it grew aggressively and stayed relatively strong throughout the Great Depression and two World Wars before finally being purchased by the Missouri Pacific Railroad (MP or MoPac) and the Louisville and Nashville Railroad (L&N). Missouri Pacific merged with the C&EI corporate entity in 1976, and was later acquired itself by the Union Pacific Railroad. History The Chicago and Eastern Illinois Railroad was organized in 1877 as a consolidation of three others: the Chicago, Danville and Vincennes Railroad (Chicago-Danville, November 1871), the Evansville, Terre Haute and Chicago Railroad (Danville-Terre Haute, October 1871) and the Evansville and Terre Haute Railroad (Terre Haute-Evansville, November 1854). Intended to merge or purchase railroads that had built lines between the southern suburbs of Chicago and Terre Haute, Indiana t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Buffalo, Rochester And Pittsburgh Railway
The Buffalo, Rochester, and Pittsburgh Railway was one of the more than ten thousand railroad companies founded in North America. It lasted much longer than most, serving communities from the shore of Lake Ontario to the center of western Pennsylvania. Purpose By the middle of the 19th century, American industry had found the means of both utilizing the bituminous coal of western Pennsylvania and transporting it economically from the mines to those who needed it.That is to say, the technology had been proved. It had not yet been implemented. Initially, this meant steam power, in both the railroad locomotives and the factories. The immediate consequence was the need for a railroad line to haul coal from the hills of Pennsylvania to the cities of Rochester and Buffalo as well as the smaller towns and villages. The needs of the latter motivated them to invest, both individually and municipally, in the new rail companies that arose almost as profusely as spring flowers. In the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maryland
Maryland ( ) is a state in the Mid-Atlantic region of the United States. It shares borders with Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware and the Atlantic Ocean to its east. Baltimore is the largest city in the state, and the capital is Annapolis. Among its occasional nicknames are '' Old Line State'', the ''Free State'', and the '' Chesapeake Bay State''. It is named after Henrietta Maria, the French-born queen of England, Scotland, and Ireland, who was known then in England as Mary. Before its coastline was explored by Europeans in the 16th century, Maryland was inhabited by several groups of Native Americans – mostly by Algonquian peoples and, to a lesser degree, Iroquoian and Siouan. As one of the original Thirteen Colonies of England, Maryland was founded by George Calvert, 1st Baron Baltimore, a Catholic convert"George Calvert and Cecilius Calvert, Barons Baltimore" William Hand Browne, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alleghany Corporation
Alleghany Corporation is an American investment holding company originally created by the railroad entrepreneurs Oris and Mantis Van Sweringen as a holding company for their railroad interests. It was incorporated in 1929 and reincorporated in Delaware in 1984. On March 21, 2022, Berkshire Hathaway made an $11.6 billion offer to acquire the company, which completed in October 2022. After the company's bankruptcy in the Great Depression, control of the company fell into the hands of Robert Ralph Young and Allan Price Kirby. Young used the company as a vehicle for his vendetta against the J.P. Morgan banking interests, who had financed the Van Sweringens and managed to defeat them and the Vanderbilt interests in a 1954 proxy fight for the New York Central Railroad. The failing New York Central was in worse shape than Young had bargained for and he committed suicide shortly after being forced to suspend the dividend in January 1958. After Young's death, his role in NYC mana ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baltimore And Ohio Railroad
The Baltimore and Ohio Railroad was the first common carrier railroad and the oldest railroad in the United States, with its first section opening in 1830. Merchants from Baltimore, which had benefited to some extent from the construction of the National Road early in the century, wanted to do business with settlers crossing the Appalachian Mountains. The railroad faced competition from several existing and proposed enterprises, including the Albany-Schenectady Turnpike, built in 1797, the Erie Canal, which opened in 1825, and the Chesapeake and Ohio Canal. At first, the B&O was located entirely in the state of Maryland; its original line extending from the port of Baltimore west to Sandy Hook, Maryland, opened in 1834. There it connected with Harper's Ferry, first by boat, then by the Wager Bridge, across the Potomac River into Virginia, and also with the navigable Shenandoah River. Because of competition with the C&O Canal for trade with coal fields in western Maryland, t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financing
Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm uses its internal reserves to satisfy its necessity for cash, while the term financing is used when the firm acquires capital from external sources. Sources of funding include Credit (finance), credit, venture capital, donations, Grant (money), grants, savings, Subsidy, subsidies, and taxes. Fundings such as donations, subsidies, and grants that have no direct requirement for return of investment are described as "soft funding" or "crowdfunding". Funding that facilitates the exchange of equity ownership in a company for capital investment via an online funding portal per the Jumpstart Our Business Startups Act (alternately, the "JOBS Act of 2012") (U.S.) is known as equity crowdfunding. Funds can be Asset allocation, allocated for either shor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interstate Commerce Commission
The Interstate Commerce Commission (ICC) was a regulatory agency in the United States created by the Interstate Commerce Act of 1887. The agency's original purpose was to regulate railroads (and later trucking) to ensure fair rates, to eliminate rate discrimination, and to regulate other aspects of common carriers, including interstate bus lines and telephone companies. Congress expanded ICC authority to regulate other modes of commerce beginning in 1906. Throughout the 20th century, several of ICC's authorities were transferred to other federal agencies. The ICC was abolished in 1995, and its remaining functions were transferred to the Surface Transportation Board. The Commission's five members were appointed by the President with the consent of the United States Senate. This was the first independent agency (or so-called ''Fourth Branch''). Creation The ICC was established by the Interstate Commerce Act of 1887, which was signed into law by President Grover Cleveland. The cr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Erie Railroad
The Erie Railroad was a railroad that operated in the northeastern United States, originally connecting New York City — more specifically Jersey City, New Jersey, where Erie's Pavonia Terminal, long demolished, used to stand — with Lake Erie, at Dunkirk, New York. It expanded west to Chicago with its 1865 merger with the former Atlantic and Great Western Railroad, also known as the New York, Pennsylvania and Ohio Railroad (NYPANO RR). Its mainline route proved influential in the development and economic growth of the Southern Tier of New York State, including cities such as Binghamton, Elmira, and Hornell. The Erie Railroad repair shops were located in Hornell and was Hornell's largest employer. Hornell was also where Erie's mainline split into two routes, one northwest to Buffalo and the other west to Chicago. On October 17, 1960, the Erie merged with former rival Delaware, Lackawanna & Western Railroad to form the Erie Lackawanna Railroad. The Hornell repair shops were c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hocking Valley Railway
The Hocking Valley Railway was a railroad in the U.S. state of Ohio, with a main line from Toledo to Athens and Pomeroy via Columbus. It also had several branches to the coal mines of the Hocking Valley near Athens. The company became part of the Chesapeake and Ohio Railway system in 1910, and the line between Toledo and Columbus continues to see trains as CSX Transportation's Columbus Subdivision. Portions of the main line south of Columbus are now operated by the Indiana and Ohio Railway and Hocking Valley Scenic Railway. At the end of 1925, HV operated 349 miles of road on 881 miles of track; that year it reported 2614 million ton-miles of revenue freight and 25 million passenger-miles. History The earliest predecessor of the Hocking Valley was the Mineral Railroad, incorporated in April 1864 to build from Athens in the rich Hocking Valley to Columbus. The company changed its name to the Columbus and Hocking Valley Railroad in June 1867, shortly after construction beg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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