OTHER Penn Central

Lackawanna Consortium Jun 22, 2020

  1. Lackawanna Consortium

    Lackawanna Consortium TrainBoard Member

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    Today marks the 50th anniversary of the Penn Central going bankrupt. I believe at the time it was the biggest bankruptcy in U. S. history. Regards Paul
     
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  2. Hardcoaler

    Hardcoaler TrainBoard Member

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    Wow, a half century ago. With the PC crumbling, the LV followed suit on July 24th, 1970. It was thought that the E-L might survive, until Hurricane Agnes wrecked the road so severely in June 1972 that it entered bankruptcy the same month.
     
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  3. Point353

    Point353 TrainBoard Member

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    The situation seemed much more optimistic just two years earlier:

     
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  4. Hardcoaler

    Hardcoaler TrainBoard Member

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    My PC letter opener found in a desk on my first day at work must have instilled someone with confidence when it was new. :rolleyes:

    PC Letter Opener - 231KB.jpg
     
  5. BoxcabE50

    BoxcabE50 Staff Member TrainBoard Supporter

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    Wow. Time has flown away. The BN merger in March. This unhappy event a few months afterward. 1970 was a big one, in one way or another, for US companies and our futures.
     
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  6. Hardcoaler

    Hardcoaler TrainBoard Member

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    Then Amtrak a year later on May 1, 1971 ….
     
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  7. gmorider

    gmorider TrainBoard Member

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    It all seems like an odd and negative turn of events. Now, in my opinion, it all seems cold, corporate, lack-luster and impersonal. I guess you can't go back. Or can you? :oops:
     
  8. Kurt Moose

    Kurt Moose TrainBoard Member

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    Only in our model railroad worlds, or a time machine....:rolleyes:
     
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  9. Hytec

    Hytec TrainBoard Member

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    A model railroad is a time machine, in my world. ;)
     
  10. Doug Gosha

    Doug Gosha TrainBoard Member

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    I guess the math/competence didn't match the optimism. Cute sixties girls in that movie. :D

    Doug
     
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  11. Kurt Moose

    Kurt Moose TrainBoard Member

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    (y) true that!
     
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  12. Hardcoaler

    Hardcoaler TrainBoard Member

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    Mine too. :) It's a happy place, with train service of all kinds to all points.
     
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  13. gmorider

    gmorider TrainBoard Member

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    I love "artistic license"! :cool:
     

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