RAILROADS: Troubled Scarlet Woman

Railroads are rich in history if not money, and none has been quite so colorful as the Erie Lackawanna. Decades ago, investors commonly called it the "Scarlet Woman of Wall Street" because its stock was manipulated and fought over in some celebrated battles between Jay Gould, Jim Fisk, Commodore Vanderbilt and Daniel Drew. Later, the road became known as the "Route of the Phoebe Snow" because of a famous ad campaign that boasted about its clean passenger trains.

Last week the road of the Scarlet Woman and Phoebe Snow was knocked over...

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