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Van Sweringen Railroad Holdings
In addition to streetcar lines, the Van Sweringen Brothers of Cleveland, Ohio (known as "the Vans") 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 Central 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 (railroad), 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 (1916-1988), Wheeling and Lake Erie Railway, Pittsburgh and West Virginia Railway, Pere Marquette Railway, Cincinnati Northern Railroad (189 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Streetcar
A tram (also known as a streetcar or trolley in Canada and the United States) is an urban rail transit in which vehicles, whether individual railcars or multiple-unit trains, run on tramway tracks on urban public streets; some include segments on segregated right-of-way. The tramlines or tram networks operated as public transport are called tramways or simply trams/streetcars. Because of their close similarities, trams are commonly included in the wider term '' light rail'', which also includes systems separated from other traffic. Tram vehicles are usually lighter and shorter than main line and rapid transit trains. Most trams use electrical power, usually fed by a pantograph sliding on an overhead line; older systems may use a trolley pole or a bow collector. In some cases, a contact shoe on a third rail is used. If necessary, they may have dual power systems—electricity in city streets and diesel in more rural environments. Occasionally, trams also carry frei ... [...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 main line extended from Sandusky, Ohio, westward to Peoria, Illinois, passing through Fremont and Fostoria, Ohio, Muncie and Lafayette, Indiana, and Bloomington, Illinois. It also had main lines extending from Indianapolis to Michigan City, Indiana and from Fort Wayne to Connersville, Indiana. Principal branch lines extended from St. Marys' to Minster, Ohio and from New Castle to Rushville, Indiana. The Lake Erie and Western Depot Historic District at Kokomo, Indiana, was listed on the National Register of Historic Places in 2008. Beginning and growth The Lake Erie and Western Railroad was incorporated in Illinois, February 10, 1887. The "Natural Gas Route" had its beginnings in several railroads dating back to the mid-1850s, the oldest being the President and Directors of the Peru and Indianapolis Railroad Company, incorporated in Indiana, Januar ... [...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 Wikipedia:WikiProject_Trains/ICC_valuations/Doniphan,_Kensett_and_Searcy_Railway, DK&S, New Orleans and Gulf Coast Railway, NO&LC, Texas_and_Pacific_Railway, T&P, and its subsidiaries C&EI and Missouri-Illinois Railroad, 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 Transportation Company, Southern Pacific, the merger took effect on December 22, 1982. However, due to outstanding bonds of the Missouri Paci ... [...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, Illinois, Chicago to southern Illinois, St. Louis, Missouri, St. Louis, and Evansville, Indiana, 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 betwe ... [...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 Railway company, railroad companies founded in North America. It lasted much longer than most, serving communities from the Charlotte, Rochester, New York, 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 during the Industrial Revolution, steam power, in both the Steam locomotive, 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, New York, Rochester and Buffalo, New York, Buffalo as well as the smaller towns and villages. The needs of the la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maryland
Maryland ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic region of the United States. It borders the states of Virginia to its south, West Virginia to its west, Pennsylvania to its north, and Delaware to its east, as well as with the Atlantic Ocean to its east, and the national capital and federal district of Washington, D.C. to the southwest. With a total area of , Maryland is the List of U.S. states and territories by area, ninth-smallest state by land area, and its population of 6,177,224 ranks it the List of U.S. states and territories by population, 18th-most populous state and the List of states and territories of the United States by population density, fifth-most densely populated. Maryland's capital city is Annapolis, Maryland, Annapolis, and the state's most populous city is Baltimore. Maryland's coastline was first explored by Europeans in the 16th century. Prior to that, it was inhabited by several Native Americans in the United States ... [...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 manage ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baltimore And Ohio Railroad
The Baltimore and Ohio Railroad was the oldest railroads in North America, oldest railroad in the United States and the first steam engine, steam-operated common carrier. Construction of the line began in 1828, and it operated as B&O from 1830 until 1987, when it was merged into the Chessie System. Its lines are today controlled by CSX Transportation. Founded to serve merchants from Baltimore who wanted to do business with settlers crossing the Appalachian Mountains, the railroad competed with several existing and proposed Central Avenue (Albany, New York), turnpikes and canals, including the Erie Canal, Erie and Chesapeake and Ohio Canal. The railroad began operation in 1830 on a 13-mile line between Baltimore and Ellicott City, Maryland, Elliot's Mill in Maryland. Horse-drawn cars were replaced by steam locomotives the following year. Over the following decades, construction continued westward. During the American Civil War, the railroad sustained much damage but proved cru ... [...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, venture capital, donations, grants, savings, subsidies, and taxes. Funding methods 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 allocated for either short-term or long-term purposes. Economics In ... [...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 industry in the United States, trucking) to ensure fair rates, to eliminate rate discrimination, and to regulate other aspects of common carriers, including Intercity bus service, interstate bus lines and telephone companies. United States Congress, 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 of the United States, President with the consent of the United States Senate. This was the first Independent agencies of the United States government, independent agency ... [...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 Pavonia Terminal in Jersey City, New Jersey, with Lake Erie at Dunkirk, New York. The railroad expanded west to Chicago following its 1865 merger with the former Atlantic and Great Western Railroad, also known as the New York, Pennsylvania and Ohio Railroad (NYPANO RR). The mainline route of the Erie Railroad proved influential in the development and economic growth of the Southern Tier of New York state, including the cities of 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 with one proceeding northwest to Buffalo and the other west to Chicago. On October 17, 1960, Erie Railroad merged with its former rival, Delaware, Lackawanna and Western Railroad, to form the Erie Lackawanna Railway. The Hornell repair shops were closed in 197 ... [...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, OH, Toledo to Athens, OH, Athens and Pomeroy, OH, Pomeroy via Columbus, OH, 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, OH, Athens in the rich Hocking Valley to Columbus, OH, Columbus. The company changed its name to the Columbus and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
