[PRCo] PRCo__1940s__Bankruptcy__Trustees

prcopcc at p-r-co.com prcopcc at p-r-co.com
Thu Jul 27 20:09:28 EDT 2006


Good Morning!
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While I am normally more of a nuts and bolts as well as day to day 
operations afficianado, I have found that Knowing the people behind the 
scene  (whether the photographer or worker / manager)  can add real depth of 
meaning to PRCo.       I would thus like to learn more about the group of 
Trustees who managed PRCo through the Bankruptcy of late 1930s into the 
1950s.       Ed has probably learned much from his musings through company 
records and John is a serious student of railway history, especially very 
early history, but may also be in tune with this Bankruptcy.       Others 
may find this information enlightening as we learn about the Trustees.
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I have a number of questions first::
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How do Trustees fit into Corporate Organization?
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Are Trustees true outsiders or people from within who are appointed to this 
special function?
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I would imagine that the corporate structure of PRCo remained largely 
intact.       Thus PRCo staff would present needs to trustees with the 
latter having final say on any actual action  --  is this a fair   *--Over   
Generalization?--*       The business acumen of the trustees could certainly 
be applied as well and there could be considerable interaction between the 
two.
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The video of PCCs in North America was shot in  16mm-COLOR(!)  as early as 
1942 when PRCo 12s were brand new.       But at this late date when 10s were 
6-years old  (having survived 4-seasons annually for this time frame)  the 
10s look Freshly Delivered!       This is during the bankrupatcy!
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The bulk of the PCCs were ordered during the bankruptcy.
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Experimentation and ordering of Interurban PCCs were in the middle of this 
bankruptcy.
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It has been mentioned on this list that the trustees saw to considerable 
track renewal during the bankruptcy.
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These observations and comments here tend to reveal quite favorable 
treatment of PRCo by the trustees.       Kind of causes a warm glow within 
but I would like to have something more substantive!
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Who were these people?
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What is their background and experience?
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What did they do before becoming PRCo Trustees and what did they do when 
their job with PRCo was finished?
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Do we know any more about Trustee accomplishments in relation to PRCo?
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Jim___Holland



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