New Haven Railroad Historical Events

Date
Category
Event

1/1/1969
Merger THE NEW YORK, NEW HAVEN & HARTFORD RAILROAD COMPANY is merged into the PennCentral Railroad

ending rail operations by the corporation. The corporate entity would remain in existance throughout most of the 1970s as

the Trustee of the Estate pursued just payment from PennCentral for the New Haven's assets. By 1980 the corporate name

would cease to exist as well.

1/1/1974
Milestone Penn Central issues an unusual public relations movie called Penn Central 1974, aimed at convincing Congress, shippers, et

al., that it is not crying wolf in proclaiming its bankrupt state; movie shows derailments, slow orders, cars rocking

dangerously on spongy track, etc., as well as some scenes of good service, all narrated by actual employees; most "good"

scenes are on ex-NYC and most "bad" scenes on ex-PRR or New Haven. (Trains)

1/24/1974
2nd Bankruptcy New Haven Railroad Trustee Smith announces he will challenge the constitutionality of the 3R Act in court on grounds it

denies due process to Penn Central's creditors.

1/9/1975
2nd Bankruptcy New Haven Railroad Trustee Richard J. Smith sues Penn Central, its officers and accountants in federal court, charging they

deliberately misled him in merger negotiations; demands $124 million damages, lien on ex-New Haven lines or their return.

1/30/1975
Milestone Architect Philip Johnson and Jacqueline Kennedy Onassis announce formation of Municipal Arts Society's Committee to

Save Grand Central Station at a press conference outside the

Oyster Bar. (NYT)

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