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Biggest railroad merger to date takes place in New York

New York City, 1850s, detail
05/17/1853
Ten New York railroad companies agreed to form the New York Central Railroad Company. The new company had more than 500 miles of track. It began to operate under its own officers the following August. (By John Osborne)
Source Citation: 
Joseph Nathan Kane, ed., Famous First Facts (New York: H.W. Wilson Company, 1981), 532.

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