Bankrupt O&W Railroad to Be Sold After Bid Open
Advertising for bids on the bankrupt New York Ontario and Western Railroad will be placed this week and opened on January 6 in Federal Court. A show cause order why the line should not be sold will be returnable the same day. Trustee Ferdinand J. Sieghardt seeks resignation for personal reasons. co trustee Raymond Gebhardt died last January and his successor has not been appointed.
MENTIONED IN THIS ARTICLE
Associated Press
New York
New York, Ontario and Western Railroad
Bis
Ferdinand J. Sieghardt
Elbert Oakex
Sieghardt
New Rochelle
Raymond Gebhardt
New plan announced for car insurance rates in the state
William Leslie of the National Bureau of Casualty Underwriters announced a new seven class car insurance rating plan for Pennsylvania. The plan revisions, effective immediately, redistribute costs by hazard level, with Class 1A as the least hazardous and higher increases for the most hazardous private passenger cars. It notes average claim costs rose from 1950 to 1952, and outlines basic limits coverage of up to 5 000 bodily injury per person, 10 000 per accident, and 3 000 property damage.
MENTIONED IN THIS ARTICLE
New Yorks
Pennsylvania
William Leslie
National Bureau of Casualty Underwriters
Leslie
National Bureau
Lesle
Reclassification of Operators by Hazard Degree
The text states that operators under 25 years of age formerly Class 1 are now reclassified as 1A 1B and 10 based on the degree of hazard in their operation.
MENTIONED IN THIS ARTICLE
Ion
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