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The fallen colossus: the Penn Central and the metamorphosis of American capitalismUser Review - Not Available - Book Verdict
The "Mr. X" of the title is the shade that seems to follow Ned Dunstan through life. Ned is the only son of Star, a part-time lounge singer and itinerant artist who comes from an unusually talented ... Read full review
The Mood to Merge
A Recipe for Disaster
The Dead Phoenix
The Fallen Colossus
The Coming of the Barbarian
Under New Management
additional Albany Alleghany American railroads Amtrak automobile bankers bankruptcy banks Bevan Broadway Limited Buffalo capital carriers cars Cassatt Central's century Chicago collapse common stock community of interests ConRail construction continued Corning corporation costs decade decline deficit depression dividend early earnings eastern economic Erastus Corning Erie Canal federal freight funds Harold Vanderbilt hoped Hudson important income industry investment J.P. Morgan knew leaders lines locomotives major ment merger Metzman miles million Morgan nation operations passenger Penn Central Pennsyl Pennsylvania Pennsylvania Company Pennsylvania Railroad percent period Perlman Philadelphia president problems profits Pullman Company purchased rail reported revenues road Robert Young rolling stock Saunders Schenectady shares shippers situation stockholders Sweringen Symes territory Thomson tion took track trains transportation trucks turnpikes Vanderbilt vania Volpe Wall Street Washington western York Central Young
Page 24 - There are ten inclined planes; five ascending and five descending; the carriages are dragged up the former, and let slowly down the latter, by means of stationary engines; the comparatively level spaces between being traversed, sometimes by horse, and sometimes by engine power, as the case demands. Occasionally the rails are laid upon the extreme verge of a giddy precipice; and looking from the carriage window, the traveler gazes sheer down, without a stone or scrap of fence between, into the mountain...
Page 5 - THEY HAVE BUILT THE LONGEST CANAL IN THE WORLD IN THE LEAST TIME, WITH THE LEAST EXPERIENCE, FOR THE LEAST MONEY, AND TO THE GREATEST PUBLIC BENEFIT.
Page 16 - New- York, at the approaching session, for an act to incorporate the Mohawk and Hudson Rail Road Company, with an exclusive grant for a term of years, for the construction of a Rail Road betwixt the Mohawk and Hudson rivers, with a capital of three hundred thousand dollars, to be increased to five hundred thousand dollars, if necessary, and to receive such certain tolls on the same, as may seem fit for the legislature to grant.
Page 10 - The management of the public revenue — that searching operation in all governments— is among the most delicate and important trusts in ours ; and it will, of course, demand no inconsiderable share of my official solicitude. Under every aspect in which it can be considered, it would appear that advantage must result from the observance of a strict and faithful economy.
Page 4 - Among the means of advancing the public interest the occasion is a proper one for recalling the attention of Congress to the great importance of establishing throughout our country the roads and canals which can best be executed under the national authority.