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Re: PC: Re: Something to think about...

More likely spun-off to another system, as the LV could have been profitable
with some capital investment.   Pennsy was trying to spin it off almost as
soon as becoming majority owner in 1962, but the C&O and N&W at the time did
not want it.   I think a LV-RDG-CNJ combo would have worked well and been
better than the expanded D&H as "competition"...   without Conrail there
would have been some cause for other systems to reconsider the LV.

Bill K.

----- Original Message -----
From: "Jerry Jordak" <jer -AT- smellycat.com>
To: <penn-central -AT- smellycat.com>
Sent: Monday, March 19, 2001 10:38 PM
Subject: Re: PC: Re: Something to think about...

> Chris Osterhus wrote:
> > Now, here's the next question:
> >
> > What would PC and LV's relationship look like? Subsidiary/parent or two
> > independent competing rrs?
> According to the org chart in _Wreck of the Penn Central_, the Lehigh
> Valley was 97% owned by the Penn Central Transporation Company.
> So, I'm guessing that if the "what if" scenario was still in effect, LV
> would either be a) merged into PC, b) now called the Reading & Northern,
> or c) a hiking trail. Since the LV's primary reason for existence was
> anthracite coal, which is no longer a major product of eastern PA, I'm
> guessing that options b) or c) would be the most likely. (We don't need
> today four different routes from New York to Buffalo...and possibly
> don't need three....look at how busy the Southern Tier is today...not.)
> -JWJ

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