Business & Finance: Sale of the B. R. & P.

Before Leonor Fresnel Loree last spring was forced to abandon his threat of a fifth Eastern railroad system, he had an option on the Buffalo, Rochester & Pittsburgh Railway. This is a 600-mi., Y-shaped road joining Pennsylvania's soft coal and steel districts to Lakes Erie and Ontario. It lay as an important joint for him to connect his Delaware & Hudson, the Wabash (which he controlled) and the Lehigh Valley (which he thought he controlled). It was a pretty railroad layout and promised to compete with the...

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