harmonyards posted:The Central took interest in the P&LE very early on. By 1889 the Central took over controlling rights. The P&LE remained a separate entity, only getting small recognition on Central equipment. Ironically, it outlasted the Central and Penn Central.....the P&LE actually became part of CSX.............Pat
The P&LE was 50 % owned by the NYC in 1930. I'm cehcking with the NYC historical group to see if that was increased to 100 %. At the time of the PC merger, the P&LE was still independently operated and owned its own locomotives and cars, but its sales and acoounting departments were integrated with the NYC.
From a publicity perspective, it was marketed as part of the New York Central System. It's equipment had NYC logos and color schemes but were always lettered P&LE. I strongly doubt that a P&LE locomotive would have had an NYC tender.
One reason that the P&LE was kept separate was its financial strength. That enabled it to borrow money to buy equipment at lower interest rates.
