Re: PC: Name discussion is closed

["Garrett Rea" <glrea@xxxxxxxxxxxxx>]

Look at an Ohio map of the late 1960's that shows railroads-  the maze of
redundant trackage that PC could not drop (but Conrail did) helped add a few
nails to the coffin as well.

Garrett Rea-
-----Original Message-----
From: Jejunabra -AT- aol.com <Jejunabra@aol.com>
To: penn-central -AT- smellycat.com <penn-central@smellycat.com>
Date: Sunday, December 20, 1998 3:29 AM
Subject: Re: PC: Name discussion is closed


>Government subsidy of the railroads" competition, together with removal of
the
>mail from the passenger trains were two of the big factors, together with
the
>excessively high property taxes imposed upon the railroad's rights of ways,
>stations, and other facilities were among the major factors topped off by
the
>fact that Stuart Saunders, Alfred Perlman, and David Bevan could not or
would
>not work together as a team to run the property. In addition, there was
Dave
>Bevan's Penphil investment club t hat drained money away from the railroad,
>cooking of the books, deferred maintenance, all combined to bring down the
>Penn Central. Al Perlman, as  good an operating man as he was was not
allowed
>to operate, for he got hamstrung with Pennsy staffers, most of whom he
>considered incompetent who hampered him at every turn. Al Perlman believed
>that by investing in the railroad, he could reap the profits that he
thought
>the railroad was capable of  earning if it had been able to provide decent
>service to both shippers and passengers. David Bevan had other ideas and
that,
>together with Stuart Saunders" indifference were the two biggest factors
that
>helped kill the Penn Central.  I hope that helps answers what helped kill
the
>Penn Central.
>
>
>Jim mancuso
>
>