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The Reading Company ( ) was a
Philadelphia Philadelphia, often called Philly, is the List of municipalities in Pennsylvania#Municipalities, largest city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, the List of United States cities by population, sixth-largest city i ...
-headquartered
railroad Rail transport (also known as train transport) is a means of transport that transfers passengers and goods on wheeled vehicles running on rails, which are incorporated in tracks. In contrast to road transport, where the vehicles run on a pre ...
that provided passenger and commercial rail transport in eastern
Pennsylvania Pennsylvania (; ( Pennsylvania Dutch: )), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States. It borders Delaware to its southeast, ...
and neighboring states that operated from 1924 until its 1976 acquisition by Conrail. Commonly called the Reading Railroad, and
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d as Reading Lines, the Reading Company was a railroad holding company for the majority of its existence and was a single railroad during its later years. It operated service as Reading Railway System and was a successor to the Philadelphia and Reading Railway Company, founded in 1833. Until the decline in anthracite loadings in the
Coal Region The Coal Region is a region of Northeastern Pennsylvania. It is known for being home to the largest known deposits of anthracite coal in the world with an estimated reserve of seven billion short tons. The region is typically defined as compri ...
after
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, it was one of the most prosperous corporations in the United States. Competition with the modern trucking industry that used the
interstate highway system The Dwight D. Eisenhower National System of Interstate and Defense Highways, commonly known as the Interstate Highway System, is a network of controlled-access highways that forms part of the National Highway System in the United States. T ...
for short-distance transportation of goods, also known as short hauls, compounded the company's problems, forcing it into bankruptcy in 1971. Its railroad operations were merged into Conrail in 1976, and the rest of the corporation is now known as Reading International.


History


Philadelphia and Reading Rail Road: 1833–1893

The Philadelphia and Reading Railroad (P&R) was one of the first railroads in the United States. Along with the Little Schuylkill, a horse-drawn railroad in the
Schuylkill River The Schuylkill River ( , ) is a river running northwest to southeast in eastern Pennsylvania. The river was improved by navigations into the Schuylkill Canal, and several of its tributaries drain major parts of Pennsylvania's Coal Region. It f ...
Valley, it formed the earliest components of what became the Reading Company. The P&R was constructed initially to haul anthracite coal from mines in northeastern Pennsylvania's
Coal Region The Coal Region is a region of Northeastern Pennsylvania. It is known for being home to the largest known deposits of anthracite coal in the world with an estimated reserve of seven billion short tons. The region is typically defined as compri ...
to
Philadelphia Philadelphia, often called Philly, is the List of municipalities in Pennsylvania#Municipalities, largest city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, the List of United States cities by population, sixth-largest city i ...
. The original P&R mainline extended south from the mining town of Pottsville to
Reading Reading is the process of taking in the sense or meaning of letters, symbols, etc., especially by sight or touch. For educators and researchers, reading is a multifaceted process involving such areas as word recognition, orthography (spelling ...
and then onward to Philadelphia, following the gently graded banks of the Schuylkill River for nearly all of the 93-mile (150-km) journey. The original Reading mainline was double track from its very beginning in 1843. The P&R became profitable almost immediately. Energy-dense coal known as anthracite had been replacing increasingly scarce wood as fuel in businesses and homes since the 1810s, and P&R-delivered coal was one of the first alternatives to the near-monopoly held by Lehigh Coal & Navigation Company since the 1820s. Soon the P&R bought or leased many of the railroads in the Schuylkill River Valley and extended westward and north along the Susquehanna into the southern end of what became known as the Coal Region. In Philadelphia, the Reading also built Port Richmond, the self-proclaimed "Largest privately owned railroad tidewater terminal in the world", which burnished the P&R's bottom lines by allowing anthracite coal to be loaded onto ships and barges for export. In 1871, the Reading established a subsidiary called the
Philadelphia and Reading Coal and Iron Company Reading Anthracite Company is a coal mining company based in Pottsville, Pennsylvania in the United States. It mainly mines anthracite coal in the Coal Region of eastern Pennsylvania. The company owns the Bear Valley Strip Mine in Northumberland ...
, which set about buying anthracite coal mines in the Coal Region. This vertical expansion gave the P&R almost full control of anthracite coal from mining through market, allowing it to compete successfully with like-organized competitors such as Lehigh Coal & Navigation and the Delaware & Hudson Canal Company. The heavy investment in coal paid off quickly. By 1871, the Reading was the largest company in the world, with $170,000,000 in market capitalization (equal to $ today), and may have been the first conglomerate in the world. In 1879, the Reading gained control of the
North Pennsylvania Railroad The North Pennsylvania Railroad was a railroad company which served Philadelphia, Montgomery County, Bucks County and Northampton County in Pennsylvania. It was formed in 1852 and began operation in 1855. The Philadelphia and Reading Railway, ...
, which provided access to the burgeoning
steel industry Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant t ...
in the
Lehigh Valley The Lehigh Valley (), known colloquially as The Valley, is a geographic region formed by the Lehigh River in Lehigh County and Northampton County in eastern Pennsylvania. It is a component valley of the Great Appalachian Valley bound to the no ...
. The Reading further expanded its coal empire by reaching
New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...
by gaining control of the
Delaware and Bound Brook Railroad The National Railway or National Air Line Railroad was a planned railroad between New York City and Washington, D.C. in the United States around 1870. Part of it was eventually built from New York to Philadelphia by the Delaware and Bound Brook R ...
in 1879, and building the Port Reading Branch in 1892 with a line from Port Reading Junction to Port Reading on the Arthur Kill. This allowed direct delivery of coal to industries in the
Port of New York and New Jersey The Port of New York and New Jersey is the port district of the New York-Newark metropolitan area, encompassing the region within approximately a radius of the Statue of Liberty National Monument. It includes the system of navigable water ...
in
northeastern New Jersey The Gateway Region is the primary urbanized area of the northeastern section of New Jersey. It is anchored by Newark, the state's most populous city. While sometimes known as the Newark metropolitan area, it is part of the New York metropolitan ...
and New York City by rail and barge instead of the longer trip by ships from Port Richmond around Cape May. Instead of broadening its rail network, the Reading invested its vast wealth in anthracite and its transport in the mid-19th century. This led to financial trouble in the 1870s. In 1890, Reading president Archibald A. McLeod saw that more riches could be earned by expanding its rail network and becoming a trunk railroad. McLeod went about trying to control neighboring railroads in 1891. He was able to gain control of the
Lehigh Valley Railroad The Lehigh Valley Railroad was a railroad built in the Northeastern United States to haul anthracite coal from the Coal Region in Pennsylvania. The railroad was authorized on April 21, 1846 for freight and transportation of passengers, goods, ...
, Central Railroad of New Jersey, and the Boston and Maine Corporation, Boston and Maine Railroad. The Reading almost achieved its goal of becoming a trunk road, but the deal was scuttled by J. P. Morgan and other rail barons, who did not want more competition in the Northeast Corridor, northeastern railroad business. The Reading was relegated to being a regional railroad for the rest of its history.


1833–73: Expansion

The Philadelphia and Reading Rail Road was chartered April 4, 1833, to build a line between Philadelphia and Reading, along the
Schuylkill River The Schuylkill River ( , ) is a river running northwest to southeast in eastern Pennsylvania. The river was improved by navigations into the Schuylkill Canal, and several of its tributaries drain major parts of Pennsylvania's Coal Region. It f ...
. The portion from Reading, Pennsylvania, Reading to Norristown, Pennsylvania, Norristown opened July 16, 1838 and the full line opened December 9, 1839. Its
Philadelphia Philadelphia, often called Philly, is the List of municipalities in Pennsylvania#Municipalities, largest city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, the List of United States cities by population, sixth-largest city i ...
terminus was at the state-owned Philadelphia and Columbia Railroad (P&C) on the west side of the Schuylkill River from which it ran east on the P&C over the Columbia Railroad Bridge, Columbia Bridge and onto the city-owned City Railroad to a depot at the southeast corner of Broad Street (Philadelphia), Broad and Cherry Streets. An extension northwest from Reading to Mount Carbon, Pennsylvania, Mount Carbon, also on the Schuylkill River, opened on January 13, 1842, allowing the railroad to compete with the Schuylkill Canal. At Mount Carbon, it connected with the earlier Mount Carbon Railroad, continuing through Pottsville, Pennsylvania, Pottsville to several mines, and would eventually be extended to Williamsport, Pennsylvania, Williamsport.Williamsport, Pennsylvania, Williamsport is located at (41.244428, −77.018738), and is bordered by the West Branch Susquehanna River to the south... As the crow flies, Williamsport in Lycoming County is about northwest of Philadelphia and east-northeast of Pittsburgh. On May 17, 1842, a freight branch from West Falls, Pennsylvania, West Falls to Port Richmond, Philadelphia, Port Richmond on the Delaware River north of downtown Philadelphia opened. Port Richmond later became a very large coal terminal. On January 1, 1851, the Main Line of Public Works#Belmont Plane, Belmont Plane on the Philadelphia and Columbia Railroad, just west of the Reading's connection, was abandoned in favor of a new bypass, and the portion of the line east of it was sold to the Reading, the only company that continued using the old route. The Lebanon Valley Railroad was chartered in 1836 to build from Reading, Pennsylvania, Reading west to Harrisburg, Pennsylvania, Harrisburg. Reading financed the construction of the Rutherford Intermodal Yard, Rutherford Yard to compete with the PRR's nearby Enola Yard. The Reading took it over and began construction in 1854, opening the line in 1856. This gave the Reading a route from Philadelphia to Harrisburg, for the first time competing directly with the Pennsylvania Railroad, which became its major rival. In 1859, the Reading leased the Chester Valley Railroad, providing a branch from Bridgeport, Pennsylvania, Bridgeport west to Downingtown, Pennsylvania, Downingtown. It had formerly been operated by the Philadelphia, Germantown and Norristown Railroad. A new Philadelphia terminal opened on December 24, 1859, at Broad and Callowhill Streets, north of the old one at Cherry Street. The Reading and Columbia Railroad was chartered in 1857 to build from Reading southwest to Columbia, Pennsylvania, Columbia on the Susquehanna River. It opened in 1864, using the Lebanon Valley Railroad from Sinking Spring, Pennsylvania, Sinking Spring east to Reading. The Reading leased it in 1870. The early Philadelphia and Reading Railroad named all of its locomotives with names such as ''Winona'' or ''Jefferson'', as did most American railroads following in the British precedent, but in December 1871 the P&R replaced all the names with numbers. The Port Kennedy Railroad, a short branch to quarries at Port Kennedy, Pennsylvania, Port Kennedy, was leased in 1870. Also that year, the Reading leased the Pickering Valley Railroad, a branch running west from Phoenixville, Pennsylvania, Phoenixville to Byers, Pennsylvania, which opened in 1871. On December 1, 1870, the Reading leased the Philadelphia, Germantown and Norristown Railroad, thereby gaining that company's route along the east bank of the Schuylkill from Philadelphia to Norristown, Pennsylvania, Norristown, as well as its branch to Chestnut Hill.


=1873: Chester Branch

= In 1873, the P&R extended its reach southward by leasing 10.2 miles of track from the Philadelphia, Wilmington and Baltimore Railroad. Dubbed the Philadelphia & Chester Branch, the line extended from the Gray's Ferry Bridge across the
Schuylkill River The Schuylkill River ( , ) is a river running northwest to southeast in eastern Pennsylvania. The river was improved by navigations into the Schuylkill Canal, and several of its tributaries drain major parts of Pennsylvania's Coal Region. It f ...
in West Philadelphia to Ridley Creek in Ridley Park, Pennsylvania, Ridley Park in Delaware County. The segment included 4.9 miles of double track and 16.7 miles of single track, including sidings and turnouts. The segment was part of the original 1838 line of the PW&B, which in 1872 opened a new stretch of track further inland to serve more populated areas and reduce flooding. On July 1, 1873, the PW&B agreed to lease the freight rights to the P&R for "$350,000 payable at the time the lease was made and $1 a year thereafter" for a term of 999 years with the stipulation that no passenger trains would use it. The Reading dubbed the line, along with some connecting track, its Philadelphia and Chester Branch; southbound trains reached it via the Junction Railroad (Philadelphia), Junction Railroad, jointly controlled by PW&B, Reading, and PRR, and continued on to the connecting Chester and Delaware River Railroad.


1875–93: Competition

During 1875, four members of the Camden and Atlantic Railroad board of directors resigned to build a second railroad from Camden, New Jersey, to Atlantic City, New Jersey, Atlantic City by way of Clementon, New Jersey, Clementon. Led by Samuel Richards, an officer of the C&A for 24 years, they established the Philadelphia and Atlantic City Railway (P&AC) on March 24, 1876. A 3-foot-6-inch narrow gauge was selected because it would lower track laying and operating costs. Work began in April 1877, and the track work was completed in a remarkable 90 days. On July 7, 1877, the final spike was driven and the line was opened in time for summer tourism season. However, on July 12, 1878, the P&AC Railway slipped into bankruptcy; on September 20, 1883, it was jointly acquired by the Central Railroad of New Jersey (CNJ) and the Philadelphia and Reading Railway for $1 million. The name was changed to Philadelphia and Atlantic City Railroad on December 4, 1883. The first major task was to convert all track to standard gauge, which was completed on October 5, 1884. The Philadelphia and Reading Railway acquired full control on December 4, 1885. The Reading leased the North Pennsylvania Railroad on May 14, 1879. This gave it a line from Philadelphia north to Bethlehem, Pennsylvania, Bethlehem, and also the valuable Delaware and Bound Brook Railroad, the descendant of the National Railway project, providing a route to New York City in direct competition with the Pennsylvania Railroad's United New Jersey Railroad and Canal Company. At the New York end it used the Central Railroad of New Jersey's Central Railroad of New Jersey Terminal, Jersey City Terminal from which passengers could board ferries to Liberty Street Ferry Terminal, Staten Island Ferry Whitehall Terminal, and West 23rd Street in lower Manhattan. The Reading Terminal opened in Philadelphia in 1893. On May 29 the Reading leased the Central Railroad of New Jersey. The Reading eventually bought a majority of the CNJ's stock in 1901. On April 1, 1889, the Philadelphia and Reading Railway consolidated the Philadelphia and Atlantic City Railway, Williamstown & Delaware River Railroad, Glassboro Railroad, Camden, Gloucester and Mt. Ephraim Railway, and the Kaighn's Point Terminal Railroad in South Jersey, southern New Jersey into The Atlantic City Railroad. The Port Reading Railroad was chartered in 1890 and opened in 1892, running east from a junction from the New York main line near Bound Brook, New Jersey, Bound Brook to the new port of Port Reading, on the Arthur Kill near Perth Amboy, New Jersey, Perth Amboy. The Lehigh Valley Railroad was leased on December 1, 1891, under the presidency of Archibald A. McLeod, but that lease was canceled on August 8, 1893, when the Reading went into receivership, an event associated with the Panic of 1893. The Reading also relinquished control of the Central New England Railroad and the Boston and Maine Railroad. Amid the turmoil of the Panic of 1893, Joseph Smith Harris was elected president. Under his leadership, the Reading Company was formed and the P&R was absorbed into it on November 30. Also in 1893, the Philadelphia and Reading Railroad built its most famous structure, Reading Terminal in Philadelphia. Reading Terminal served as the terminus for most of the Reading's Philadelphia bound trains, as well as the headquarters for the company.


1877: Reading Railroad Massacre

On July 22, 1877, after the crushing of strikes and unions by the Philadelphia and Reading Company, and following in the path of the Great Railroad Strike of 1877, Great Railroad Strikes of 1877, vandalism of the Reading's financial interests in Reading, Pennsylvania began. The subsidiary that owned mining interests in the area, the Philadelphia and Reading Coal and Iron Company, not the government, called up militia and Coal and Iron Police to put down riots and protests that had broken out in the city. After the militia and Coal and Iron Police went to retrieve a train carrying coal that was blocked in a railroad cut, they fired on rioters and protesters, killing at least 10 and wounding more than 40.


Philadelphia and Reading Railway: 1896–1923

After the Panic of 1893, and the failure of Archibald A. McLeod's efforts to turn the Reading into a major trunk line, the Reading was forced to reorganize under suspicions of monopoly. The Reading Company was created to serve as a holding company for the Reading's rail and coal subsidiaries: the Philadelphia and Reading Railway, and the Philadelphia and Reading Coal and Iron Company, respectively. However, in 1906, with the support of the Roosevelt Administration, the Hepburn Act was passed. This required all railroads to disinvest themselves of all mining properties and operations, and so the Reading Company was forced to sell the P&R Coal and Iron Company. Whether an actual monopoly or not, the company's history as the Reading Railroad over a century ultimately became immortalized as a featured property on the original ''Monopoly (game), Monopoly'' game board. Even though moving and mining of coal was its primary business, the P&R eventually became more diversified through the development of many on-line industries, averaging almost five industries per mile of main line at one point, and the expanding role of the Reading as a bridge route. This included its important role on the Alphabet Route, from Boston and
New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...
to Chicago with traffic from the
Lehigh Valley Railroad The Lehigh Valley Railroad was a railroad built in the Northeastern United States to haul anthracite coal from the Coal Region in Pennsylvania. The railroad was authorized on April 21, 1846 for freight and transportation of passengers, goods, ...
and Central Railroad of New Jersey entering the Reading System in Allentown, Pennsylvania, Allentown, traveling over the East Penn Branch to Reading, Pennsylvania, Reading, where trains then traveled west over the Lebanon Valley Branch to Harrisburg, Pennsylvania, Harrisburg and then onward over the Philadelphia, Harrisburg and Pittsburgh branch, or PH&P to Shippensburg, Pennsylvania. There trains connected with the Western Maryland Railroad to continue westward. This route became known as the Crossline, and the Reading started to pool locomotive power between its connecting railroads to provide a more seamless transfer of freight and passengers. Even though the Reading was never again to regain its powerful position of the 1870s, it still was a very profitable and important railroad. From the turn of the 20th century to the outbreak of World War I, the Reading was among the most modern and efficient railroads. In keeping with the standards of much larger railroads, The Reading embarked on many improvement projects which typically were not attempted by smaller railroads. This included triple and quadruple tracking many of its major routes, improving Railway signal, signaling and Track class, track quality, as well as expanding Rail transport, system capacity and station facilities. The Reading invested in the construction of new cut-offs, bypasses, and connections, much like the Pennsylvania Railroad#"Low-grade" lines, Pennsylvania Railroad's low-grade lines and the Lackawanna Cut-off. The completion of the Reading belt line in 1902, a 7.2 mile long westerly bypass of downtown Reading, alleviated the heavy rail congestion in the busy city. In Bridgeport, a new bridge was constructed over the
Schuylkill River The Schuylkill River ( , ) is a river running northwest to southeast in eastern Pennsylvania. The river was improved by navigations into the Schuylkill Canal, and several of its tributaries drain major parts of Pennsylvania's Coal Region. It f ...
in 1903. The bridge connected the P&R main line on the west (south) bank of the river with the Manayunk/Norristown Line on the opposite side, allowing passenger service to Norristown, Pennsylvania, Norristown and a bypass of the old main line, known as the West Side Freight line. The Ninth Street Branch—the main thoroughfare into Reading Terminal—was also improved. Between 1907 and 1914 the old double track and street level route was replaced by an elevated quadruple-track route that offered greater capacity and safety. In 1901, the Reading gained a controlling interest in the Central Railroad of New Jersey, allowing the Reading to offer seamless, one-seat rides from Reading Terminal in
Philadelphia Philadelphia, often called Philly, is the List of municipalities in Pennsylvania#Municipalities, largest city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, the List of United States cities by population, sixth-largest city i ...
to the Central New Jersey's Jersey City, New Jersey, Jersey City Communipaw Terminal by way of Bound Brook, NJ, Bound Brook onto the Central New Jersey mainline. The Baltimore and Ohio Railroad was also looking for access to the New York City market, and in 1903 it gained control over the Reading and ensured track rights over the Reading and Central New Jersey to Jersey City, New Jersey, Jersey City. To the north, the New York Short Line was completed in 1906, and was a cut-off for New York City-bound trains through freights and the Baltimore and Ohio's Royal Blue (train), Royal Blue.


Reading Shops

In 1900, the Reading Shops began construction along the Reading yards and North 6th Street, facilitating the maintenance and construction of a greater locomotive and rolling stock fleet. The shops were completed four years later; with their imposing brick architecture, they were the largest railroad shops in America and, unlike most railroads, allowed the Reading to make its own engines. They still stand today in non-RR use. Larger steam locomotives were introduced to haul the increasing traffic, including the massive N1 class 2-8-8-2 (Chesapeake) Mallet locomotive, Mallet, and Reading made one M1 class 2-8-2 freight hauler; Baldwin Locomotive Works built the rest. Big freight haulers were the massive K-1 2-10-2 locomotives; some were built in Reading, Pennsylvania from the Mallets, others were built by Baldwin. The G1 class 4-6-2 were passenger locomotives. These classes were an important break of tradition of the Reading's motive power fleet. The M1s were the first Reading locomotives to include a trailing truck, and the first engine with the cab behind the Wootten firebox. Engines with the name "lessor" in its title meant some steam power was owned by a second party and leased to the P&R. The G1s were the first Reading passenger locomotives with three-coupled driving wheels. In 1945–47 the company took 30 class I-10 2-8-0 locomotives and rebuilt them at the 6th Street facility into the modern Reading T-1, T1 class 4-8-4 locomotives at a cost of 6 million dollars. This was a move to offset the fact that EMD FT diesel locomotives (first choice of Reading management) were very hard to obtain, and in order to have faster, up-to-date modern power. The steamers never ran long enough to pay back this major investment, and had some major problems, but it did keep men employed. The Reading built or bought numerous smaller 4-4-0s, 2-8-0s and switchers for its fleet.


Passenger operations

The Reading Company did not operate extensive long-distance passenger train service, but it did field a number of named trains, most famous of which was the streamlined ''Crusader (train), Crusader'', which connected Philadelphia and Jersey City. Other trains in the fleet included the ''Harrisburg Special'' (between Jersey City and Harrisburg), ''King Coal (train), King Coal'' (between Philadelphia and Shamokin, Pennsylvania), ''North Penn'' (between Philadelphia and Bethlehem), ''Queen of the Valley'' (between Jersey City and Harrisburg), ''Schuylkill'' (between Philadelphia and Pottsville), and ''Wall Street'' (between Philadelphia and Jersey City). The Reading participated in the joint operation of ''The Interstate Express'' with the Central Railroad Company of New Jersey and the Delaware, Lackawanna & Western Railroad, with service between Philadelphia and Syracuse, New York. Reading also offered through passenger car service with the
Lehigh Valley Railroad The Lehigh Valley Railroad was a railroad built in the Northeastern United States to haul anthracite coal from the Coal Region in Pennsylvania. The railroad was authorized on April 21, 1846 for freight and transportation of passengers, goods, ...
via their connection at Bethlehem, Pennsylvania, Bethlehem. Like most railroads, the Reading had contracts with the U.S. Post Office to haul and sort mail en route. After
World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing ...
, the Reading looked at dropping the mail and in 1961 notified the governmentothat it intended to stop mail service on its passenger trains. On July 1, 1963, the post office let them out of the contracts, where were valued at $2,137,000, equal to $ today, and the railroad switched to Budd RDC self-propelled cars, instead of locomotive hauled passenger trains, to save money. Camden-Atlantic City speed: On July 20, 1904, regularly-scheduled train no. 25, running from Kaighn's Point in Camden, New Jersey to Atlantic City New Jersey, Atlantic City with Philadelphia and Reading Railway class P-4c 4-4-2 (Atlantic class cab over boiler) locomotive No.334 and 5 passenger cars, set a speed record. It ran the 55.5 miles in 43 minutes at an average speed of 77.4 mph. The 29.3 miles between Winslow Jct and Meadows Tower (outside of Atlantic City) were covered in 20 minutes at a speed of 87.9 mph. During the short segment between Egg Harbor Township, New Jersey, Egg Harbor and Brigantine Junction, the train was reported to have reached 115 mph. The Reading operated an extensive commuter network out of Reading Terminal in Philadelphia. In the late 1920s, most of the suburban system was electrified (the first lines electrified were the Ninth Street Branch, Warminster Line, New Hope Branch, the Bethlehem Branch as far as Lansdale station, Lansdale, the Doylestown Branch, and the New York Branch to West Trenton station, West Trenton). Reading ordered 150 Reading electric multiple units, electric multiple units from Bethlehem Steel which were supplemented by twenty unpowered coach trailers converted from existing coaches and electrified services began on July 26, 1931.


Reading Company: 1924–1976

After the first World War, and the return of the Reading from government control, the Reading decided to streamline its corporate structure. For twenty years the Reading Company, the holding company created for the P&R and the P&R Coal and Iron Company, only controlled the P&R after the sale of the P&R Coal and Iron Company. To simplify corporate structure, the P&R ceased operation in 1924 and the Reading Company took over operating the railroad. The period just after World War I may have been the Reading Company's best with traffic on the Reading at its peacetime high. Annual volume was about 15 million tons of anthracite, 25 million tons of bituminous coal with a further 30 million tons of industrial traffic. The Reading had taken great strides to wean itself of anthracite dependency but it still relied heavily on coal revenue, and Pennsylvania anthracite production had peaked in 1917 with 99.7 million tons produced. The 1925 "Reading" totals above include all the subsidiaries (C&F, G&H, P&CV etc.) that were operating roads in 1925 but whose totals were included in Reading's after 1929. None of the totals include Atlantic City RR or PRSL.


Commuter lines

In the 1920s, the Reading operated a dense network of commuter lines branching off of the Reading Viaduct, Ninth Street Branch mostly powered by small 4-4-0s, 4-4-2 (locomotive), 4-4-2s and 4-6-0 camelback locomotive, camelbacks.


Bankruptcy protection

The Reading Company was forced to file for bankruptcy protection in 1971. The bankruptcy was a result of dwindling coal shipping revenues, freight being diverted to highways by trucking companies, and strict government regulations that denied railroads the ability to set prices, imposed high taxes, and forced the railroads to continue to operate money-losing lines as a common carrier.


Electrification

The railroad also had an extensive commuter operation centered around Philadelphia, the hub of which was Reading Terminal. The following suburban lines were electrified during the onset of the Great Depression: *Manayunk/Norristown Line, Norristown Line *Chestnut Hill East Line, Chestnut Hill *Lansdale/Doylestown Line, Lansdale/Doylestown *Warminster Line, Hatboro (extended to Warminster in 1974) *West Trenton Line (SEPTA), West Trenton The notable exception was the Fox Chase Line, Fox Chase/Newtown branch. With the aid of public funding from the city of Philadelphia, the line was electrified as far as Fox Chase (SEPTA station), Fox Chase (the last station within city limits) in September 1966. Electrification was to be completed through to Newtown (SEPTA station), Newtown in the 1970s, but government subsidies were not readily available, leaving the Fox Chase-Newtown section as the lone non-electrified suburban commuter route on the Reading system. Passenger service between Fox Chase and Newtown was terminated on January 14, 1983, under the auspices of SEPTA. To further complicate matters, the Reading was forced to continue paying its debts to the Penn Central Transportation, Penn Central Railroad, however, Penn Central (also in bankruptcy at the time) was not required to pay its debts to the Reading Company.


Post-railroad: 1976–present

On April 1, 1976, the Reading Company sold its railroad assets to the newly formed Consolidated Railroad Corporation (Conrail), leaving it with 650 real estate assets, some coal properties, and 52 abandoned Right-of-way (transportation), rights-of-way. As of 1999, most former Reading lines are now part of Norfolk Southern Railway (NS), as a result of the Conrail split between NS and CSX Transportation. It had sold 350 of the real estate tracts by the time it left bankruptcy in 1980. In the late 1980s, a Los Angeles-based lawyer named James Cotter gained control of the corporation through his holding company, the Craig Corporation, and used its assets to finance his movie theater chains in Puerto Rico, Australia and New Zealand. The company sold one of its last railroad-related assets, the Reading Terminal Headhouse, in 1991. In 1996, Cotter reorganized the company as Reading Entertainment. On December 31, 2001, both Reading Entertainment and Craig Corporation merged into and with Citadel Holding Corporation, another Cotter company. The successor company was renamed Reading International Inc. with two classes of stock: Non-Voting Class A shares (NASDAQ: RDI) and Voting Class B shares (NASDAQ: RDIB).


Preserved locomotives

A total of nine steam locomotives that once served the company are still preserved. * 0-4-0 1 ''Rocket'' - Built by the Braithwaite, Milner and Company in London in 1838. It is the oldest preserved locomotive of the railroad. It currently resides at the Franklin Institute in
Philadelphia Philadelphia, often called Philly, is the List of municipalities in Pennsylvania#Municipalities, largest city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, the List of United States cities by population, sixth-largest city i ...
. * 4-4-0 3 - Built by the Eastwick and Harrison Company in 1842. It is the only surviving 4-4-0 of the Reading Company. It currently resides at the Franklin Institute in Philadelphia. * 2-2-2 Tank locomotive, tank ''Black Diamond'' - Built by the Baldwin Locomotive Works in 1889. It is the only known surviving inspection locomotive in the United States. Currently on loan to the National Museum of Transportation in St. Louis, Missouri. * 0-4-0 Camelback locomotive, camelback Reading 1187, 1187 - Built by the Baldwin Locomotive Works in 1903. It is the last surviving Reading camelback locomotive. It currently resides at the Age of Steam Roundhouse in Sugarcreek, Ohio, Sugarcreek, Ohio. * 0-6-0 tank Reading 1251, 1251 - Built by the Reading's own locomotive shops in 1918. It was the only tank engine to be rostered by the Reading after World War I. It currently resides at the Railroad Museum of Pennsylvania in Strasburg, Pennsylvania, Strasburg. * 4-8-4 Reading 2100, 2100 - Built by the Baldwin Locomotive Works in 1923, rebuilt by the Reading in 1945. It is the prototype engine of the Reading's Reading T-1, T-1 class. It currently resides at the Ex-Baltimore and Ohio Railroad, Baltimore and Ohio roundhouse in Cleveland. * 4-8-4 Reading 2101, 2101 - Built by the Baldwin Locomotive Works in 1923, rebuilt by the Reading in 1945. It currently resides at the B&O Railroad Museum in Baltimore. * 4-8-4 Reading 2102, 2102 - Built by the Baldwin Locomotive Works in 1923, rebuilt by the Reading in 1945. It currently resides at the Reading Blue Mountain and Northern Railroad in Port Clinton, Pennsylvania, Port Clinton. It was restored to running condition and is in operation * 4-8-4 Reading 2124, 2124 - Built by the Baldwin Locomotive Works in 1924, rebuilt by the Reading in 1947. It currently resides at Steamtown National Historic Site in Scranton, Pennsylvania, Scranton. * Electro-Motive Diesel, EMD EMD FP7, FP7A 902 - Built by EMD in 1950. It currently resides at Steamtown National Historic Site in Scranton. * EMD F7PA 903 - Built by EMD in 1950. It currently resides at Steamtown National Historic Site in Scranton.


Major named passenger trains

* ''Crusader (train), Crusader'': Jersey City, New Jersey, Jersey City to
Philadelphia Philadelphia, often called Philly, is the List of municipalities in Pennsylvania#Municipalities, largest city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, the List of United States cities by population, sixth-largest city i ...
(Reading Terminal) via West Trenton station, West Trenton * ''Main Line'': to Pottsville, Pennsylvania, Pottsville * ''Queen of the Valley'' (eastbound: called ''Harrisburger''): Jersey City to Harrisburg, Pennsylvania, Harrisburg (Harrisburg Transportation Center, Harrisburg Central Station, also known as Pennsylvania Station) * ''King Coal (train), King Coal'': Philadelphia to Shamokin, Pennsylvania, Shamokin via Reading Franklin Street Terminal, Reading (Reading Franklin Street station (Pennsylvania), Franklin Street Terminal) and Pottsville, Pennsylvania, Pottsville on the Reading's Main Line * ''Scranton Flyer'': to Scranton, Pennsylvania, Scranton In conjunction with other railroads: * ''Interstate Express'': to Syracuse, New York, Syracuse (with the Lackawanna Railroad and the Central Railroad of New Jersey) * ''Maple Leaf (LV train), Maple Leaf'': to Toronto via Buffalo, New York, Buffalo (with the
Lehigh Valley Railroad The Lehigh Valley Railroad was a railroad built in the Northeastern United States to haul anthracite coal from the Coal Region in Pennsylvania. The railroad was authorized on April 21, 1846 for freight and transportation of passengers, goods, ...
)


Company officers

The presidents of the Reading Company were:


Heritage Unit

As a part of Norfolk Southern Railway, Norfolk Southern's 30th anniversary in 2012, the company painted 20 new locomotives into predecessor schemes. NS #1067, an EMD SD70ACe locomotive, was painted into the Bee Line Service paint scheme of the Reading.


Culture

The Reading is one of the four railroad properties in the game of Monopoly (game), Monopoly. Unlike the other three, it has its own dedicated card in the Chance deck, requiring the player who draws the card to move his or her token to the property, paying rent to the owner. This means it is usually considered the most valuable railroad in the game.


See also

* Great Railroad Strike of 1877 * Schuylkill Canal


Notes


References

* *


Further reading

* * * * * * * *


External links


Reading Company Technical and Historical Society


(Reading to Pottsville, Pennsylvania and the Anthracite
Coal Region The Coal Region is a region of Northeastern Pennsylvania. It is known for being home to the largest known deposits of anthracite coal in the world with an estimated reserve of seven billion short tons. The region is typically defined as compri ...
of Schuylkill County, Pennsylvania) * http://www.schuylkillhavenhistory.com
Reading Company photograph collection
(1873–1945) at Hagley Museum and Library
Reading Company photographs
(circa 1984–1960) at Hagley Museum and Library
PRR Chronology

SEC filings of Reading Entertainment Inc.

SEC filings of Reading International Inc.

Reading Company employment and real estate records
{{DEFAULTSORT:Reading Company Reading Company, Railway companies established in 1924 Railway companies disestablished in 1976 Former Class I railroads in the United States Standard gauge railways in the United States Defunct Delaware railroads Defunct New Jersey railroads Defunct Pennsylvania railroads Railroads transferred to Conrail Companies based in Philadelphia Predecessors of Conrail