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Most Hated RR
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<p>This is an urban legend of how the government 'had to' save the poor bankrupt railroads.</p><p>FALSE. The Governement was the CAUSE of it mostly to start with. It was the STAGGERS ACT that 'saved' railroads, from the goverment crazy rules and regulations on labor, rates, rate setting, track abandonement etc etc.</p><p>Conrail was allowed by the government to do things the other railroads couldnt do. </p><p> </p><p> </p><p>[quote user="BRAKIE"] </p><p><strong>inch53,The formation of Conrail SAVED Eastern railroads because PC,E-L,LV,RDG and the other roads that made up CR was bankrupt and going down the rusty tracks toward abandonment had no action been taken to save these railroads.</strong></p><p><strong>To many modelers forget that several railroads was bankrupt and the only way out was through mergers,bailouts and other steps to include abandoning duplicate and unprofitable trackage.Of course nothing save the Rock Island from complete liquidation ordered by bankruptcy court..</strong></p><p><strong>I am sure several Eastern railroads would have suffered the same fate as RI wasn't for the formation of Conrail.</strong></p>[/quote]
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