Daily stories of Pennsylvania : $b prepared for publication in the leading daily newspapers of the state...Godcharles, Frederic Antes
History
Daily stories of Pennsylvania : $b prepared for publication in the leading daily newspapers of the state...
Godcharles, Frederic Antes
Pennsylvania -- Biography; Pennsylvania -- History
Under the articles of incorporation this company was authorized to
construct, equip, and operate a line of steam railroad to connect with
the then known Harrisburg, Portsmouth, Mount Joy and Lancaster Railroad,
and to run to Pittsburgh or to any point in Allegheny County, or to
Erie, in Erie County, as its management might deem expedient.
This charter was not obtained without opposition, as it was understood
that the operation of this new railroad would draw from the revenues
upon which the State system of public works largely depended for
support. This was undoubtedly true, but the charter was granted and the
work of construction was carried forward with such vigor that in 1850
portions of the line were completed and ready for operation.
The Erie Canal, devised by DeWitt Clinton, and constructed by David
Thomas, a Pennsylvanian, had deflected the trade of the Great Lakes and
the West from Philadelphia to New York, and made the latter the leading
city of the nation. It was expected that a railroad over the mountains
would bring this trade back to Philadelphia and restore the supremacy of
that city.
In order to make sure that no outside influence should get control, the
charter provided that all of the directors “shall be citizens and
residents of this Commonwealth.” This part of the plan failed, but the
leading capitalists of Philadelphia, Pittsburgh, and elsewhere in the
State, subscribed liberally to the stock of the company and from the
beginning the enterprise was well backed with ample funds and equally
valuable influence.
Hardly had the original road been opened for traffic before the company
began to extend its lines and enlarge the field of its operations.
The movement which proved of the greatest benefit to the public, and to
the company itself, was in 1857, when the Legislature passed an act, May
16, directing the line of public works between Philadelphia and
Pittsburgh to be sold, and the Pennsylvania Railroad Company became the
purchaser.
The purchase price was seven and one-half millions, and ownership was
obtained for the combined State canal and railroad. The State was
relieved of a burdensome property, and at the same time these public
works were placed under the control of a corporation whose methods of
management must result in great benefit to the people of the State.
Governor James Pollock caused the sale to be made, June 25, and on July
31 following the actual transfer was consummated.
This transaction fixes the date from which the progressive history of
the Pennsylvania Railroad Company begins.
The canals on the Susquehanna and its branches above the mouth of the
Juniata, together with the Delaware division, were sold the following
year to the Sunbury and Erie Railroad Company, now a part of the great
Pennsylvania system, and the work of extension did not cease.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account