Lackawanna

Company History: The Delaware, Lackawanna & Western Railroad Company (DL&W or Lackawanna Railroad) was a U.S. Class 1 railroad that connected Buffalo, New York, and Hoboken, New Jersey, a distance of about 400 miles (640 km). Incorporated in 1853, the DL&W was profitable during the first two decades of the twentieth century, but its margins were gradually hurt by declining traffic in coal and competition from trucks. In 1960, the DL&W merged with rival Erie Railroad to form the Erie Lackawanna Railroad.

The Liggett's Gap Railroad was incorporated on April 7, 1832, but stayed dormant for many years. It was chartered on March 14, 1849, and organized January 2, 1850. On April 14, 1851, its name was changed to the Lackawanna and Western Railroad. The line, running north from Scranton, Pennsylvania, to Great Bend, just south of the New York state line, opened on December 20, 1851. From Great Bend the L&W obtained trackage rights north and west over the New York and Erie Rail Road to Owego, New York, where it leased the Cayuga and Susquehanna Railroad to Ithaca on Cayuga Lake (on April 21, 1855). The C&S was a re-organized and partially re-built Ithaca and Owego Railroad, which had opened on April 1, 1834, and was the oldest part of the DL&W system. The whole system was built to 6 ft (1,829 mm) broad gauge, the same as the New York and Erie, although the original I&O was built to standard gauge and converted to wide gauge when re-built as the C&S.

The Delaware and Cobb's Gap Railroad was chartered December 4, 1850, to build a line from Scranton east to the Delaware River. Before it opened, the Delaware and Cobb's Gap and Lackawanna and Western were consolidated by the Lackawanna Steel Company into one company, the Delaware, Lackawanna and Western Railroad, on March 11, 1853. On the New Jersey side of the Delaware River, the Warren Railroad was chartered February 12, 1851, to continue from the bridge over the river southeast to Hampton on the Central Railroad of New Jersey. That section got its name from Warren County, the county through which it would primarily run.

In the wake of Hurricane Diane in 1955, all signs pointed to continued financial decline and eventual bankruptcy for the DL&W. Among other factors, property taxes in New Jersey were a tremendous financial drain on the Lackawanna and other railroads that ran through the state, a situation that would not be remedied for another two decades.

To save his company, Lackawanna president, Perry Shoemaker, sought and won a merger agreement with the Erie Railroad, the DL&W's longtime rival (and closest geographical competitor). The merger was formally consummated on October 17, 1960. Shoemaker drew much criticism for it, and would even second-guess himself after he had retired from railroading. He later claimed to have had a "gentlemen's agreement" with the E-L board of directors to take over as president of the new railroad. After he was pushed aside in favor of Erie managers, however, he left in disillusionment and became the president of the Central Railroad of New Jersey in 1962.

Read more on Wikipedia.

Successor/Parent History: The Erie Lackawanna Railway (reporting mark EL), known as the Erie Lackawanna Railroad until 1968, was formed from the 1960 merger of the Erie Railroad and the Delaware, Lackawanna & Western Railroad. The official motto of the line was "The Friendly Service Route".

Like many railroads in the northeast already financially vulnerable from the expanding U.S. Interstate Highway System, the line was severely weakened fiscally by the extent, duration and record flood levels due to Hurricane Agnes in 1972. It would never recover, and most of the corporation's holdings were subsumed into the federal rescue purchases creating Conrail in 1976, ending its days as an operating railroad company.

Read more on Wikipedia.

Brief History: The U.S. is a country of 50 states covering a vast swath of North America, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean. Major Atlantic Coast cities are New York, a global finance and culture center, and capital Washington, DC. Midwestern metropolis Chicago is known for influential architecture and on the west coast, Los Angeles' Hollywood is famed for filmmaking.