Business & Finance: Freak Finance

Last week, while engineers of the Pennsylvania Railroad proceeded with plans to electrify its trunk lines from New York to Philadelphia (TIME, Nov. 12), lawyers reviewed the intricate financial network across which the Pennsy spins its tracks. Every passenger, dining on a crack New York-Philadelphia train, knows he is eating Pennsy food, sitting on a Pennsy chair, riding in a Pennsy car on Pennsy wheels. But not every passenger knows he is riding over the lines of the United New Jersey Railroad & Canal Co.

Close are the ties which bind Pennsy to United N. J. R. R. In 1871, Pennsy...

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