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Re: (erielack) Erie Controlled NYS&W
Just to be really technical, the Erie owned about 98% of the NYS&W's stock.
There were a few holdouts from the J.P. Morgan takeout in 1898. All of
these stockholders (along with the Erie) had their equity wiped out in the
NYS&W 1937 bankruptcy. Essentially the bondholders of the NYS&W became the
new stockholders in the 1954 reorganization.
These "holdouts" are not as uncommon as you think. Until bought out a few
months ago, there was about 4% of the New York & Harlem owned by the
public. To this day I personally own stock in the Dayton & Michigan
Railroad (CSX owns most of it) and the Mobile & Birmingham (NS owns most of
it - in fact they told me there are only 26 of us "holdouts" left!)
Tim
On 2/26/07, Tupaczewski, Paul R (Paul) <paultup_@_alcatel-lucent.com> wrote:
>
> > On page 112 of Ed Crist's Erie Memories, there is a picture
> > of an Erie freight on the Piermont Branch. Of note is a
> > hopper car with NYS&W reporting marks AND what appears to be
> > an Erie diamond on the opposite end. I know the Erie owned a
> > good part of the Susie-Q at one point but did not know of
> > this kind of labeling. Anyone know as to what extent this
> > combination was used and on what type of rolling stock?
>
>
> The Erie owned *all* of the NYS&W from 1898 until 1939, when the road
> went independent once again. These horizontal-ribbed hoppers are the
> only pieces of equipment I've ever seen that had NYS&W reporting marks
> and Erie logos.
>
> - Paul
>
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