Pennsylvania Company: Difference between revisions - Wikipedia

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{{Merge to|Norfolk Southern Railway|date=April 2024|discuss=Talk:Norfolk Southern Railway#Proposed merge of Pennsylvania Lines LLC into Norfolk Southern Railway}}{{Infobox rail

{{Infobox SG rail|

|railroad_name=Pennsylvania Company|

|logo_filename=|File:Pennsylvania Lines, 1913.png

|logo_size=|100px

[[fr|system_map=Image:Pennsylvania Company]].jpg▼

marks=PRR|▼

|map_caption = Lines operated by the Pennsylvania Company just before its demise in 1918

locale=[[Pittsburgh, PA]] to [[Chicago|Chicago, IL]]|▼

▲|marks=PRR|

start_year=April 1, 1871|▼

▲|locale=[[Pittsburgh, PA]] to [[Chicago|Chicago, IL]]|

end_year=January 1, 1918|▼

▲|start_year=April 1, 1871|

old_gauge=|

▲|end_year=January 1, 1918|

hq_city=

|gauge={{Track gauge|ussg|allk=on}}

|successor_line = [[Pennsylvania Railroad]]

}}

The '''Pennsylvania Company''' was a major [[holding company]], owninglater andknown operatingpublicly much ofas the [[Lines'''Pennsylvania West (PRR)|Lines West]] territory''' (west of [[Pittsburgh (PA)|Pittsburgh]]) andwas [[Erie,a Pennsylvania]]) of themajor [[Pennsylvaniaholding Railroadcompany]],. It includingincluded the [[Pittsburgh, Fort Wayne and Chicago Railway]], the PRR's main route to [[Chicago]]. It also owned but did not operate the [[Pittsburgh, Cincinnati, Chicago and St. Louis Railroad]] (Pan Handle Route), another line to Chicago. It merged back into the [[Pennsylvania Railroad]] in 1918.

==History==

The Pennsylvania Company was incorporated April 7, 1870 in [[Pennsylvania]] as a [[holding company]] with a broad [[charter]].<ref>{{Cite journal |last=Montague |first=Gilbert Holland |date=1902 |title=The Ride and Supremacy of the Standard Oil Company |url=https://doi.org/10.2307/1882746 |journal=The Quarterly Journal of Economics |volume=16 |issue=2 |pages=262–292 |doi=10.2307/1882746 |jstor=1882746 |via=JSTOR}}</ref> It was organized June 1, with president [[William Thaw, Sr.|William Thaw]] of the PRR. [[Tom Scott (PRR)|Tom Scott]] replaced Thaw as the president January 20, 1871. On April 1 of that year the company began operating several railroads; others were acquired later.

*April 1, 1871: [[Pittsburgh, Fort Wayne and Chicago Railway]] - main line direct from [[Pittsburgh, Pennsylvania]], to [[Chicago]]

*April 1, 1871: [[Erie and Pittsburgh Railroad]] - main line from Pittsburgh north to [[Erie, Pennsylvania]]

*April 1, 1871: [[Indianapolis and Vincennes Railroad]] (merged into the [[Vandalia Railroad (1905-1917)|Vandalia Railroad]], PRR-owned but not Pennsylvania Company operated, January 1, 1905)

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*August 1, 1900: [[Western New York and Pennsylvania Railway (1895-1955)|Western New York and Pennsylvania Railway]] (only 51.492 miles (83&nbsp;km), formerly the [[New Castle and Franklin Railroad]] from [[New Castle, Pennsylvania]] to [[Stoneboro, Pennsylvania]] plus branches)

*July 1, 1910: [[Youngstown and Ravenna Railroad]]

*July 1, 1911: [[Carrothers Secondary|Toledo, Columbus and Ohio River Railroad]]

*July 1, 1912: [[Cleveland, Akron and Cincinnati Railway]]

[[Image:The Pennsylvania Company.jpg|thumb|300px|Lines operated by the [[Erie Canal of Pennsylvania]] Companyfrom justSeptember before16, its1870, demiseto inFebruary 1918]]4, 1871.

The Pennsylvania Company operated the [[Erie Canal of Pennsylvania]] from September 16, 1870 to February 4, 1871.

On January 1, 1918, soon after the [[United States Railroad Administration]] took over all U.S. railroads, all Pennsylvania Company leases were transferred to the PRR. On March 1, 1920, when the lines were returned to the PRR, they were separated into four regions - the [[Eastern Region (PRR)|Eastern Region]], [[Central Region (PRR)|Central Region]], [[Northwestern Region (PRR)|Northwestern Region]] and [[Southwestern Region (PRR)|Southwestern Region]].

The Pennsylvania Company, however, stayed around as a [[holding company]], and was re[[incorporated in Delaware]] on December 12, 1958, and reorganized on December 16. Its new purpose was to diversify into [[real estate]] and other fields, and the company lasted through the 1968 PRR merger into [[Penn Central Transportation]].

In 1973 or 1974 several subsidiaries were created - the '''Pennrec Company''' for [[theme park]] investments (including [[Six Flags Great Adventure]] and [[Stars Hall of Fame]]), the '''Penn Orlando Company''', and '''Penn Arlington, Inc.''' (which bought [[Six Flags Over Texas]] from the [[Great Southwest Corporation]]).

==See alsoReferences==

{{Reflist}}

*[[Penndel Company]], incorporated in 1953 to merge PRR subsidiaries

==ReferencesExternal links==

{{Portal|Railways}}

*[http://rnetzlof.pennsyrr.com/corphist/pennaco.html Corporate Genealogy - Pennsylvania Company]

*[http://www.prrths.com/Hagley/PRR_hagley_intro.htm PRR Chronology] {{Webarchive|url=https://web.archive.org/web/20131222235728/http://www.prrths.com/Hagley/PRR_hagley_intro.htm |date=2013-12-22 }}

{{Former Class I|state=collapsed}}

{{DEFAULTSORT:Pennsylvania Company}}

[[Category:1870 establishments in Pennsylvania]]

[[Category:1918 disestablishments in Pennsylvania]]

[[Category:American companies established in 1870]]

[[Category:American companies disestablished in 1918]]

[[Category:1918 mergers and acquisitions]]

[[Category:United States railroad holding companies]]

[[Category:Companies affiliated with the Pennsylvania Railroad west of Pittsburgh]]

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[[Category:Defunct Indiana railroads]]

[[Category:Defunct Pennsylvania railroads]]

▲[[fr:Pennsylvania Company]]