mlaughlinnyc posted: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.
By 1889, the New York Central Railroad took Full Control over the P&LE .....according to the New York Central Railroad Historical Society ...can you show me where in 1930 they only controlled or owned only 50%?...I’m not saying your wrong....please don’t take it the wrong way...if you know something I don’t, I’d like to learn too...........Pat
