Dave NYC Hudson PRR K4 posted:
Wow, I didn't realize that. Of course just not old enough to be alive when all that was going on doesn't help. I remember reading somewhere(think it was late 1800's) that both railroads made shell railroads to compete with each other. It ended up with more twisting track along the other's mainlines annoying each other. I believe that the government stepped in and had the PRR buy the shell company from NYC, and NYC buy the shell company from PRR. The government told them to knock it off but not in so nice terms.
You are referring to the Penn building a rival line on the west shore of the Hudson to compete with the NYC (or irritate them). The government didn't step in, seeing the carnage that could unleash JP Morgan (if I remember the story correctly) basically grabbed the heads of the two companies and basically threatened to knock their heads together (figuratively) and forced a settlement whose details escape me at the moment.