100 Years of Transportation Progress

This booklet is full of self-congratulations, and at the time it probably seemed well-deserved. The Pennsylvania Railroad was at one time not only the largest company in the world, it had a bigger budget and employed more people than the United States government. By 1946, it was still the largest railroad in the country and held the record for the longest string of annual dividend payments (a record it holds to this day).

Click image to download a 5.8-MB PDF of this 16-page booklet.

According to this booklet, in the company’s first hundred years, it paid more than $1.2 billion in dividends, $1 billion in interest to bondholders, and $10 billion in wages to employees. More interesting to the traveling public, in 1946 it operated 1,340 trains a day. Many of these must have been commuter trains as the 48-page, 1946 timetable doesn’t have room to show that many trains.


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