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Re: (erielack) Regarding "slightly off topic"
http://www.ceihs.org/historians_main_1.html
provides the answers...
"During the 1930s, the Chesapeake & Ohio began to buy up C&EI stock, never
exercising any significant control over the road it seems. In any case,
because of the depression, the C&EI again entered receivership in 1933,
but was back in private hands again at the end of 1940. World War II
brought prosperity to the property, and in the immediate war years the
C&EI modernized rapidly. For example, the road was entirely dieselized in
May 1950, making it the first dieselized road with more than 1000 miles of
track. But, modernization was not enough to assure survival; with mergers
taking place all around it, the C&EI found its traffic drying up. The C&EI
needed to merge too.
Various merger offers were explored, and again, it was a southwest road
that found itself threatened by these overtures. In 1961 the Missouri
Pacific began secretly (and illegally) buying C&EI stock. When the
Missouri Pacific requested ICC permission to takeover the C&EI, the
federal agency turned a blind eye to the illegalities; approved the
takeover of the C&EI with the stipulation that the Evansville line be sold
to the L&N; and effectively deprived C&EI’s other stockholders of stock
profits. In short, the Missouri Pacific got the C&EI for cheap.
On May 12, 1967, the Missouri Pacific assumed control of the C&EI. And, on
June 6, 1969, the Louisville & Nashville purchased the 206-mile Woodland
Junction- Evansville leg along with trackage rights from Woodland to
Chicago. Then on October 15, 1976, what remained of the C&EI was merged
into the Missouri Pacific.
Today, only a very small portion of the C&EI has been abandoned, that
being primarily in Southern Illinois and Indiana. At the beginning of the
21st century the ex-C&EI trackage continues to be used by the Union
Pacific (ex-Missouri Pacific) and CSX Transportation(ex-L&N). CP Rail also
has trackage rights on the line with their acquisition of the Soo Line
(former Milwaukee rights). Their Chicago to Louisville trains operate
daily on the old C&EI line. The heavily used line from Chicago to Woodland
Junction, nearly 50 trains per day travel on double track mainline, is
well worth a visit by any railfan."
- --- ELRRco_@_aol.com wrote:
> As far as the C&EI is concerned, I believe the MoPac acquired it and the
> L&N purchased the Dolton Jct.-Evansville segment from C&EI/MoP and joint
> access to the Chicago-Dolton Jct. portion. So, I don't think CSX would
> have any share in the C&EI from a corporate standpoint.
Gary R. Kazin
DL&W Milepost R35.7
Rockaway, New Jersey
http://www.geocities.com/gkazin/index.html
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