Penn Central blasts plan to nationalize bankrupt railroads
In Philadelphia AP report Penn Central and court trustees condemn a government plan to reorganize the eight bankrupt northeastern lines into ConRail. They argue the plan underprices assets at 7.4 billion across 16 states and two provinces, threatening private enterprise and potentially triggering litigation for fair value.
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Penn Central
America
States
Canadian
District of Columbia
Washington, D.C
Metro
United States Rail Association
USRA
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Consolidated Rail Corp
ConRail
Archibald Deb. Johnson
Penn Central Co
Johnson
United States
ConRail Securities
Amtrak
Mount St Marys receives $1 million Knott gift for center
Mount Saint Mary's College Emmitsburg receives a $1 million trust gift from Mr and Mrs Henry J Knott of Baltimore providing $100000 annually for ten years. The Knott Academic Center will be dedicated Oct 11 in memory of Ann Carlisle Knott, the first woman named on the male campus. The gift supports private higher education amid a precarious future and aims to spur alumni and friends to aid growth and development. Ice cover note follows.
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Emmitsburg
Henry J. Knott
Baltimore
John J. Dillon Jr
Mount Saint Mary’s
United States
Dillon
Knott
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