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Penn Central Railway Company Logo Postage Stamp
by stanrailThe Merger took place February 1, 1968
The merger of The New York Centrail Railroad and The Pennsylvania Railroad on February 1, 1968 was supposed to Improve rail service, both freight and passenger. It also was to Strengthen capabilities for National Defense, and Provide more modern equipment. The American financial system was seriously shocked when after only two years of operations, Penn Central declared bankruptcy on June 21, 1970. It was the largest corporate bankruptcy in American history.
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The merger of The New York Centrail Railroad and The Pennsylvania Railroad on February 1, 1968 was supposed to Improve rail service, both freight and passenger. It also was to Strengthen capabilities for National Defense, and Provide more modern equipment. The American financial system was seriously shocked when after only two years of operations, Penn Central declared bankruptcy on June 21, 1970. It was the largest corporate bankruptcy in American history.
created by
stanrail (6/4/2008 5:45 PM)
The merger of The New York Centrail Railroad and The Pennsylvania Railroad on February 1, 1968 was supposed to Improve rail service, both freight and passenger. It also was to Strengthen capabilities for National Defense, and Provide more modern equipment. The American financial system was seriously shocked when after only two years of operations, Penn Central declared bankruptcy on June 21, 1970. It was the largest corporate bankruptcy in American history.
created by
stanrail (6/4/2008 5:45 PM)
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Tags: artwork, bankruptcy, railroad, railroads, new, york, centrail, railroad, railway, railways, pennsylvania, railroad, prr, nyc, conrail, merger, train, trains, transportation, vintage, travel, pc, freight, passenger, stamp, stamps, logo
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