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BALTIMORE & OHIO 1

Early history--Extension to Chicago--Trunk-line rate wars--Effect on the company--Extension to New York--Sale of bonds to pay off floating debt--Unsatisfactory traffic conditions--Receivership--Mr. Little's report--Reorganization--Subsequent history.

ERIE 34

Early history--Reorganization--Wall Street struggles--Financial difficulties--Second reorganization--Development of coal business --Extension to Chicago--Grant & Ward--Financial readjustment--New York, Pennsylvania & Ohio--Third reorganization--Later history.

PHILADELPHIA & READING 75

Early history--Purchase of coal lands--Funding of floating debt-- Failure--Struggles between Gowen and his opponents--Reorganization-- Second failure and reorganization.

PHILADELPHIA & READING 118

Difficulties of the Coal & Iron Company--McLeod's policy of extension-- Collapse of this policy--Failure of company--Summary of subsequent history.

THE SOUTHERN 146

Richmond & Danville--East Tennessee, Virginia & Georgia--Formation of the Southern Railway Security Company--Growth and combinations-- Failure and reorganization of the East Tennessee--Reversal of position between the Richmond & Danville and the Richmond & West Point Terminal--Acquisition of the Central of Georgia--Failure and reorganization of the whole system--Subsequent development.

ATCHISON, TOPEKA & SANTA FE 192

Charter--Strategic extensions--Competitive extensions--Effect on finances--Raise in rate of dividend--Reorganization of 1889--Acquisition of the St. Louis & San Francisco and of the Colorado Midland--Income bond conversion--Receivership--English reorganization plan--Mr. Little's report--Final reorganization plan-- Sale--Subsequent history.


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