by MACTRAXX
Everyone:
40 years ago today - March 31, 1976 was the last day for the Penn Central Transportation Company.
As many remember PC - which existed for 8 years 2 months (February 1, 1968) went bankrupt on June 21, 1970.
I was in my second year of HS - son of a PC (former PRR) station employee (NYP) and was old enough
to at least understand what was going on with the troubles of the Penn Central.
I later learned about the relationship between the former PRR and NYC that extended up into top management:
The PRR's Stuart Saunders and the NYC's Al Pearlman did not like or trust one another - a bad sign early on.
Can credit be given to the Penn Central's bankruptcy trustees led by Jervis Langdon,Jr. for the effort to keep
the railroad together somehow operating up to and until Conrail would take over on April 1, 1976?
This must have been a monumental task trying to keep PC from folding up altogether especially after tremendous
setbacks such as the devastation from flooding following Tropical Storm Agnes in August 1972?
I will add these links concerning Penn Central:
http://en.wikipedia.org/wiki/Penn_Centr ... on_Company" onclick="window.open(this.href);return false;
http://www.american-rails.com/penn-central.html" onclick="window.open(this.href);return false;
http://socialarchive.iath.virginia.edu/ ... 6/w66b24mm" onclick="window.open(this.href);return false;
MACTRAXX
40 years ago today - March 31, 1976 was the last day for the Penn Central Transportation Company.
As many remember PC - which existed for 8 years 2 months (February 1, 1968) went bankrupt on June 21, 1970.
I was in my second year of HS - son of a PC (former PRR) station employee (NYP) and was old enough
to at least understand what was going on with the troubles of the Penn Central.
I later learned about the relationship between the former PRR and NYC that extended up into top management:
The PRR's Stuart Saunders and the NYC's Al Pearlman did not like or trust one another - a bad sign early on.
Can credit be given to the Penn Central's bankruptcy trustees led by Jervis Langdon,Jr. for the effort to keep
the railroad together somehow operating up to and until Conrail would take over on April 1, 1976?
This must have been a monumental task trying to keep PC from folding up altogether especially after tremendous
setbacks such as the devastation from flooding following Tropical Storm Agnes in August 1972?
I will add these links concerning Penn Central:
http://en.wikipedia.org/wiki/Penn_Centr ... on_Company" onclick="window.open(this.href);return false;
http://www.american-rails.com/penn-central.html" onclick="window.open(this.href);return false;
http://socialarchive.iath.virginia.edu/ ... 6/w66b24mm" onclick="window.open(this.href);return false;
MACTRAXX
EXPRESS TRAIN TO NEW YORK PENN STATION-NO JAMAICA ON THIS TRAIN-PLEASE STAND CLEAR OF THE CLOSING TRAIN DOORS