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Reading Co, Leased TheRailroad For 99 Years' ?• Today—(United Press) —' The Heading Company •: has,' leased ' (lie Lehigh New England Railroad company for the terjh of 99 years, subject - (o approval of stockholders, apd public authority, accprdiug^toAgne w T, Dipe, president of the Reading company: in an announce-mentapday; ' - : j . r{ ,' .NegotiationA;for:tbe, acquisition of the:-road, • whichextends from Ta-maqpa, ’Pa,/ to Campbeilhall, N, Y„ have been ‘in progress for many months with: final action being tnken today, hyy'dji,rectors -of the Lehigh 'New ^ngland : Railroad ' company. .../•' The, :an)pu»t/;inyolved in ' purchase mthp/Jeaee has pet been disclosed,:// tReadlhS/PomPpny1 directors voted WaYogppppei,iease-; pp/june' 3, The.i: i,:\: ' ’ ■ i’-’ i 1;. ‘X *x* , .. • r- v ■ ‘.lease wiji he,submitted to the Interstate'Conimero Comcnission and the Public. Service Commissions ■-of Pennsylvania and New . Jersey.The line will afford important connections with the New England carriers to anci froui- the territory served by the Reading ag well as permit through freight sendee to Sphtheru,. / Western, Southwestern and,. Southeastern states through the fihipp.ensburg gateway,! JY%8 Stated the road eventually may-be; utilised for shipments of an-WMiimrpm: the Schnylkjll-Lehigh^Ugiaud states, ^ew En«iund rail » of track withtgtul-mileage ;bf 319. 1 It has an Jgthorised/cppHallsfttipn of - J 7,500,/
Newspaper Details
Lebanon Daily News and the Lebanon Daily Times
Lebanon, Pennsylvania, US
Fri, Jun 04, 1926
Page 12
Full Page
Clipped by
Frederick C.
MD, USA 12 Mar 2025
Other Publications Near Lebanon, Pennsylvania
Lebanon Daily News and Lebanon Daily Times
Lebanon Semi Weekly News
Lebanon Daily News and the Lebanon Daily Times
Lebanon Dramatic News
Daily News
