Reorganization of The Philadelphia and Reading Railroad Company

After the Panic of 1893, and the failure of Archibald A. McLeod’s efforts to turn the Reading into a major trunk line, the Reading was forced to reorganize under suspicions of monopoly.

On November 17th, 1896, The Philadelphia and Reading Railroad Company, was organized with Joseph S. Harris as President, and these Directors: George F. Baer, of Reading; Charles H. Coster and Francis Lynde Stetson, of New York; Thomas McKean, George C. Thomas and J. Lowber Welsh.

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