The Railroad Builders: A Chronicle of the Welding of the StatesMoody, John
History
The Railroad Builders: A Chronicle of the Welding of the States
Moody, John
Railroads -- United States -- History
But the master accomplishment of the Thomson administration was the
acquisition of the Pittsburgh, Fort Wayne and Chicago line in 1869. This
new addition gave the Company its own connection with Chicago and made a
continuous system from the banks of the Delaware at Philadelphia to the
shores of Lake Michigan, thus rivaling the far-flung Vanderbilt line, a
thousand miles long, which the industrious Commodore was now organizing.
Shortly thereafter the Pennsylvania began to expand on the east also and
obtained an entry into New York City by acquiring the United Railroad
and Canal Company, which owned lines across the State of New Jersey,
passing through Trenton.
In the latter years of the Thomson management it became more and more
evident that it was important for the Pennsylvania Railroad to have
further Western connections which would reach the growing cities of the
Middle West. While the Fort Wayne route made a very direct connection
with Chicago and included branches of value, yet the keen competition
which was developing in the expansive years following the Civil War
made actual control of the Middle Western territory a matter of sound
business policy. The Vanderbilt lines were reaching out through Ohio,
Indiana, and Illinois; the Baltimore and Ohio was steadily developing
its Western connections, and now Jay Gould had come actively on the
scene with large projects for the Erie. To offset these projects,
early in 1870 a "holding company"--probably the first of its kind on
record--known as the Pennsylvania Company was formed for the express
purpose of controlling and managing, in the interest of the Pennsylvania
Railroad, all lines leased or controlled or in the future to be acquired
by the Pennsylvania Railroad interests west of Pittsburgh and Erie. This
Company took over the lease of the Fort Wayne route and also acquired
control by lease of the Erie and Pittsburgh, a road extending northward
through Ohio to Lake Erie.
After this date the expansion of the system west of Pittsburgh went on
rapidly. In 1871 the Cleveland and Pittsburgh Railroad, which had been
opened as early as 1852, came under the Pennsylvania control. Soon after
this, many smaller lines in Ohio were merged in the system. The most
important acquisition during this period, however, was the result of the
purchase of the great lines extending westward from Pittsburgh to St.
Louis, with branches reaching southward to Cincinnati and northward to
Chicago. This system--then known as the "Pan Handle" route and later as
the Pittsburgh, Cincinnati, Chicago and St. Louis was a consolidation
of several independent properties of importance which had been gradually
extending themselves over this territory during the previous decade.
This new system, which embraced over fourteen hundred miles of road,
gave the Pennsylvania a second line to Chicago, a direct line to
St. Louis, a second line to Cincinnati, and access to territory not
previously tapped.
Public-domain text, read in full here on John Shaqi.
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