[Date Prev][Date Next]
[Chronological]
[Thread]
[Top]
Re: (erielack) Erie Controlled NYS&W
Tim,
If u ever get a chance, check out some of the Colorado Rail
Annuals.....hardcover books published by the Colorado railroad museum. One
of them had a great article on a remnant of the Moffaat road existing in
Denver that'd been setup as a separate corporation. The D&RG & RI were using
it and finally one of the 'holdouts' took them to court and got a big payout
for his stock.
Regards,
Walt Smith
>From: "Tim Stuy" <njmidland_@_verizon.net>
>Reply-To: "EL Mail List" <erielack_@_lists.elhts.org>
>To: "EL Mail List" <erielack_@_lists.elhts.org>
>Subject: Re: (erielack) Erie Controlled NYS&W
>Date: Tue, 27 Feb 2007 06:38:36 -0500
>
>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
> >
> > The Erie Lackawanna Mailing List
> > Sponsored by the ELH&TS
> > http://www.elhts.org
> > To Unsubscribe: http://lists.elhts.org/erielackunsub.html
> >
>
>
> The Erie Lackawanna Mailing List
> Sponsored by the ELH&TS
> http://www.elhts.org
> To Unsubscribe: http://lists.elhts.org/erielackunsub.html
_________________________________________________________________
With tax season right around the corner, make sure to follow these few
simple tips.
http://articles.moneycentral.msn.com/Taxes/PreparationTips/PreparationTips.aspx?icid=HMFebtagline
The Erie Lackawanna Mailing List
Sponsored by the ELH&TS
http://www.elhts.org
To Unsubscribe: http://lists.elhts.org/erielackunsub.html
------------------------------