Original sentence: In 1743, Richard and Thomas Penn (sons of William Penn the founder of Pennsylvania, and grandsons of Sir William Penn for whom Pennsylvania is named) planned the town of Reading.The bankruptcy was a result of dwindling coal shipping revenues and strict government regulations that denied railroads the ability to set competitive prices, required high taxes, and forced the railroads to continue to operate money-losing lines
Edited sentence: In 1743, Richard and Thomas Penn (sons of William Penn the founder of Pennsylvania, and grandsons of Sir William Penn for whom Pennsylvania is named) planned the town of Reading with Conrad Wesier.The bankruptcy was a result of dwindling coal shipping revenues and strict government regulations that denied railroads the ability to set competitive prices, required high taxes, and forced the railroads to continue to operate money-losing passenger service lines