The Penn Central Bankruptcy And Railroad Stock Investments

In 1846, the Pennsylvania Railroad was created. It was one of the stodgiest blue-chip stocks in American history, even making dividend payments during the Civil War. In fact, from 1846 through 1946, it never cut its dividend and found itself boasting the longest streak in world history without a dividend cut. It was a symbol of American capitalism, as it operated 10,515 miles of rail line throughout Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, New York, Ohio, Pennsylvania, West Virginia, and Washington DC.

To a lot of people, it was America. It employed 250,000 people at its height. Pennsylvania’s breadth and power was so extensive that one out of every 2,000 men … Read the rest of this article!