Economy
Related: About this forumOn this day, October 16, 1882, the Nickel Plate Road began operation.
Sat Oct 16, 2021: On this day, October 16, 1882, the Nickel Plate Road began operation.
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History
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Early years
The Seney Syndicate, headed by banker George I. Seney, met at Seney's New York City bank and organized the New York, Chicago and St. Louis Railway Company on February 3, 1881. The original proposal for the NYC&StL was a 340-mile (550 km) railroad west from Cleveland, Ohio, to Chicago, Illinois, with a 325-mile (523 km) branch to St. Louis, Missouri.
On April 13, 1881, the New York, Chicago and St. Louis Railway Company bought the Buffalo, Cleveland and Chicago Railway, a railroad that had been surveyed from the west side of Cleveland, Ohio to Buffalo, New York running parallel to William Vanderbilt's Lake Shore and Michigan Southern Railway.
The idea of an eastwest railroad across northern Ohio was very popular with the people of Ohio. They wanted to break the high freight rates charged by Jay Gould and William Vanderbilt. No one was less popular in Ohio than William Vanderbilt since the December 29, 1876, collapse of the Lake Shore and Michigan Southern Railway's Ashtabula River trestle, where 64 people had been injured and 92 were killed or died later from injuries.
Another reason for the popularity of the New York, Chicago and St. Louis Railway was the positive economic impact on cities that any new railroad went through at that time. During a newspaper war to attract the NYC&St.L, the Norwalk, Ohio Chronicle Newspaper referred to it as a "... double-track, nickel-plated railroad." The railroad adopted the nickname and it became better known as the Nickel Plate Road.
It was decided that building would start along the surveyed route between Cleveland, Ohio and Buffalo, New York rather than build the branch to St. Louis, Missouri. Five hundred days later the Nickel Plate's 513-mile (826 km) single-track mainline from Buffalo, New York to Chicago was complete. The railroad was estimated to require 90,000 long tons (80,000 metric tons) of steel rails, each weighing 60 pounds per linear yard (30 kg/m) and 1.5 million oak crossties. Additionally, the railroad required 49 major bridges. It was characterized by long sections of straight track, mild grades, and impressive bridges. The Nickel Plate ran its first trains over the entire system on October 16, 1882.
During construction, Vanderbilt and Gould had watched with great interest. If either of them could acquire the Nickel Plate, they could end the threat to their railroads. If the Nickel Plate remained independent it would be able to create a substantial dent in both entrepreneurs' railroad earnings.
Vanderbilt tried to lower the value of the Nickel Plate by organizing a campaign to smear its reputation before a train ever ran on its tracks. If Vanderbilt was successful, he could scare the Seney Syndicate into selling to him or drive the railroad company into bankruptcy. However, Vanderbilt's plan came with two important risks. If he slandered the line, he risked chasing the Seney Syndicate into an alliance with Gould. The other risk was that his plan to smear the Nickel Plate's reputation might fail and it could quickly grow. Vanderbilt claimed the road was being built with substandard materials and it would use unsafe practices once completed. He succeeded in creating long-standing rumors about the line but failed to devalue the company or scare the investors.
The cost of construction was higher than expected and the Seney Syndicate began to negotiate with Gould to purchase the railroad, but unlike Vanderbilt, Gould lacked the capital. Frustrated at the failing talks, Gould broke off negotiations and gave up on his attempt to break Vanderbilt.
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Educational film about the New York, Chicago and St. Louis Railroad, commonly known as the Nickel Plate Road.
This film is public domain in the United States.
Auggie
(31,804 posts)1920s, I think. He was the fire man on a steam locomotive.
One day, he told me, his freight train was idled on a siding waiting for a green light to proceed to their home yard.
Both he and the engineer fell asleep!
When they woke up the light had already changed from red to green. Neither knew how long the green had been activated. It could switch back to red at any moment indicating another train was coming from the opposite direction. They went as fast as they could breaking all sorts of safety and speed laws and with fingers crossed they wouldn't crash head-on.
They must have made up time in their return because no one said anything about being late. Lucky guys.
Chipper Chat
(10,034 posts)He was a breakman. I remember he used to bring home stray dogs all the time. He also would be friend the hobos that wrote on the train he would tell them where he lived tell them if they were hungry just go in the kitchen because the back door was never locked just make a sandwich but be sure to clean up after themselves. And they did it. Amazing how times have changed since the early 1940 S.
Auggie
(31,804 posts)My mom's parents lived up against the main rail line in Cleveland. My grandmother fed hobos all the time too.