Railroads -- Mergers
Found in 4 Collections and/or Records:
David C. Bevan papers
David Crumley Bevan (1906-1996) was the Chief Financial Officer of the Penn Central Transportation Company during its financial collapse in the early 1970s, the result of a poorly planned merger between the Pennsylvania Railroad Company and the New York Central Railroad Company in 1968. The papers document the initial bankruptcy of Penn Central in 1970 and the proceeding court cases against both the company and David Bevan personally, who was accused and later acquitted of financial mismanagement.
Lehigh Valley Railroad Company records
The Lehigh Valley Railroad Company was one of the major anthracite railroads and formed a secondary trunk line between Jersey City, New Jersey and Buffalo, New York. Their records consist of minute books, corporate histories, voluntary reorganization plans, and an illustrated brochure on Claremont Terminal.
North Pennsylvania Railroad Company records
North Pennsylvania Railroad was a railroad company which served the Pennsylvania counties of Philadelphia, Montgomery, Bucks, and Northampton. It was incorporated as the Philadelphia, Easton and Water-Gap Railroad Company on April 6, 1852, and renamed the North Pennsylvania Railroad Company on October 3, 1853. Their records consist of corporate records such as minute books, annual reports, account books and statements.
Special Court Reporter
The Special Court was created under the Regional Rail Reorganization Act of 1973 (signed January 2, 1974) for the purpose of adjudicating conflicting claims arising out of the act-mandated transfer of viable properties of six bankrupt railroad systems to a new government-funded entity to be called the Consolidated Rail Corporation (Conrail). The Special Court Reporter constitutes a step-by-step account of its proceedings and the playing out of the final stages of railroad reorganization in the Northeast, but it is heavily weighted towards procedural matters concerning what constitutes a fair valuation. It does not contain actual testimony or exhibits.
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