Since the Civil War

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No fewer than five companies, for example, divided the three hundred miles between Albany and Buffalo, no one of them operating more than seventy-six miles. In 1853, these five with five 198 SINCE THE CIVIL WAH others were consolidated into the New York Central Railroad. Sixteen years later, in 1869, the Central combined with the Hudson River, and soon afterwards procured substantial control of the Lake Shore and Michigan Southern, the Rock Island, and the Chicago and Northwestern. As the resul...t of this process a single group of men directed the interests of a system of railroads from New York through Chicago to Omaha. The Pennsylvania Railroad began with a short line from Philadelphia to the Susquehanna River, picked up smaller roads here and there — eventually one hundred and thirty-eight of them, representing two hundred and fifty-six separate corporations — reached out through the Middle West to Cincinnati, Chicago and St. Louis, and in 1871 controlled over three thour sand miles of track, with an annual income of over forty million dollars.

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