Pennsy in the end was known for tactics to kill passenger rail by leaving the heat in the summer and no heat in the winter but what little is known is that the Pennsy helped turn Greyhound from a regional Minnosota carreir (Started in Missabe MN) to a national network using its own funding way back in 1930. Why was the Greyhound Station built next to Penn Station in Pittsburgh? Did they see the end of train service that far back? Well here perhaps is the answer-
from--http://www.time.com/time/magazine/artic ... -2,00.html
When a $4,000,000 issue of Greyhound bonds was offered last month, large holders of the common stock were disclosed to be Pennsylvania, Southern Pacific, Insull interests, Goldman Sachs Trading Corp., Automotive Investments, Inc. How much each holds and especially how much Penn, has remained a closely guarded secret.
*Great Northern sold 2/3 of its interest in Northland to Greyhound Corp. in 1929.
from--http://www.time.com/time/magazine/artic ... -2,00.html
When a $4,000,000 issue of Greyhound bonds was offered last month, large holders of the common stock were disclosed to be Pennsylvania, Southern Pacific, Insull interests, Goldman Sachs Trading Corp., Automotive Investments, Inc. How much each holds and especially how much Penn, has remained a closely guarded secret.
*Great Northern sold 2/3 of its interest in Northland to Greyhound Corp. in 1929.