The Bridgeport evening farmer., 1916-03-24

Railroad, for example, is controlled 1 by the Pennsylvania Railroad and the | Pittsburgh and Lake Erie, one of New York Central Lines, each road owning 50 per cent of the stock. The
 New York Connecting Railroad by the ! JPennsylvania- and the Delaware and
 Hudson; the Cherry Tree and Dixon vile by the Pennsylvania and the
 New York Central; the Richmond and l Washington company by the Penn 1 sylvania, the Atlantic Coast Line, the
 Southern Railway, the Chesapeake and Ohio, the Seaboard Air Iines and the Baltimore and Ohio.
 The Pennsylvania subsidiaries like | with other systems. The Lake Erie \ and Pittsburgh, for example, is joint l 1y owned by the Pennsylvania com
 pany, and the Lake Shore and Michi- gan Southern: the Central Indiana by
 the Pennsylvania company, and the Cleveland, Cincinnati, Chicago, St.
 Louis; the Calumet Western by the 1 Pennsylvania Company, the Ch1coga, l Rock Island and Pacific, and the In
 diana Harbor Belt, the latter being
 controlled by the New York Central | Lines.l The Dayton Union Railway
 cinnati, Chicago & St Louis, a, sub
 sidiary of the Pennsylvania Company. l by the Cleveland, Cincinnati, Chicago and St. Louis,s one of the New York I CenCTat nneSs ana Dy the C1nc1nnaI1s Hamilton and Dayton, which is con- tro11ed by the Baltimore and Ohio; each of these roads owns one-third of the stock of this railway. The Washington Terminal company is l jointly owned by the Philadelphia Baltimore and Washington and the Baltimore and Ohio. In the Norfolk and Portsmouth Belt line, the New York, Philadelphia, and Norfolk holds one-seventh of the stock, the other
 parties to the joint control being the Atlantic Coast line, the Southern Rail-
 way, the Seaboard Air line, the Ches-
 apeake and Ohio, the. Norfolk and
 Western, and the Norfolk Southern,
 The Lehigh and Hudson> is jointly.
 owned by tRe PennSylvania. railroad. D. the Delaware, Lackawanna, and Wes-.
 tern, the Erie, the Lehigh Valley and the Central of New Jersey. These are a sufficient number Of illustrations to show the vast extent of the joint holdings of the PennsyI-
 Vania system with other systems
 In addition to these cases of joint
 control, the Pennsylvania Railroad
 and it's subsidiaries have interest in
 the stock of a number of important
 railroad systems. In the Norfolk and
 Western these holdings amount to
 42.8 per cent, the Pennsylvania Rail
 road holding S4.8 per cent of the stock, the Pennsylvania Company 6.5
 per cent, the Northern Central 1.4 per
 cent, and the Cumberland Valley. O.1
 per cent. In the. Baltimore and Ohio, on June 30, 1913, the Pennsylvania
 and it's subsidiaries owned POP per
 cent of the capital stock, the holding of the Pennsylvania Railroad amount
 ing to 9.5 per cent. and those of the Pennsylvania company to 8.7 per cent, while the Philadelphia, Balti-
 more and Washington, and the North
 ern Central each owned one percent
 of the Baltimore and Ohio stock. The
 Oregon Short line, a subsidiary of the Union Pacific, also owned 18-7 per cent of the stock of the Baltimore af1d Ohio railroad, so that the com
 bined holdings of the Pennsylvania system and the Oregon Short line amounted to 38.9 per cent of the out standing stock of the Baltimore and
 Ohio. The Pennsylvania Railroad is 9, stockholder in the New York, New Haven and Hartford, to the extent of
 $5,312,0Oo. The Pittsburgh, Fit. Wayne and Chicago, a Pennsylvania the stock of three important western railway systems, the Chicago, Milwau- kee and St. Paul. the Great Northern and the Northern Pacific.
 The joint or minority holdings of the Pennsylvania system are likewise very extensive. The Pennsylvania Railroad owns a direct joint or min ority interest in sixteen transporta- ton corporations, and it's subsidiaries iexcluSive of the Pennsylvania com pany) in twelve more. The Pennsyl- vania company has a joint or minor ity interest in ten companies, and in directly through its subsidiaries has