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Re: (erielack) Conrail did not buy Erie-Lackawanna..!

>The EL finally paid all of its bonds in 1992, and dissolved at that time=
.
It
was the only fallen flag to settle all of its obligations.

Actually, the Lehigh & Hudson River paid off all of its debts and the
stockholders got a decent some of money.  Only about 5% of the stock wasn=
't
owned by other railroads.

Tim

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