Aji-tater wrote:Chris (above) says "As Alfred E Perlman said
To me it was not a merger; it was a takeover, frankly."
In view of the original question in this thread, I've got to ask - was he talking about the formation of PC, or his wedding?
I'd say he was talking about the shotgun wedding of PRR-NYC.
Keep in mind the ICC in those days had broken up Robert Young's effort to merge C&O with NYC. Both NYC and PRR were bleeding gallons of red ink from passenger service, and the bureaucrats wouldn't let them drop service and trackage. OTOH, it was somehow OK for C&O to buy B&O, N&W to buy VGN, NKP, and WAB, but not OK for CB&Q, NP, GN, and SP&S to merge (although that did end up being approved after PC!).
At the risk of grossly oversimplifying things, suffice it to say NYC merged with PRR simply because the government wouldn't let them merge with anyone else. It makes the CSXT labeling of ex-CR rolling stock with "NYC" as a reporting mark, and the NS labeling of ex-CR stock with "PRR" all the more ironic.