Separating The Power and Traction Businesses
In 1944, the Ohio Public Service Company was forced to divest itself of its railway operations under the 1935 Public Utility Holding Company Act. Local scrap dealer L.P. Kulka purchased the line and began to operate it as the Toledo and Eastern Railroad. He sold it in 1951 to the Standard Slag Company, who in turn sold it in 1953 to Lloyd B. Lyon. The line was highly profitable in these years, but in 1957 the power company began to receive most of its coal by boat and the quarry began shipping via the New York Central. This was 95 percent of the company's traffic.
The company filed for abandonment on January 10, 1958, which was approved on March 13; operations ceased on July 16.
Niles-built passenger car #21 was the first piece of equipment obtained in 1948 by the fledgling Ohio Railway Museum, and is a rare example of a wooden-bodied interurban car still in operating condition. Car #64, a Kuhlman lightweight, is also at that museum.
Read more about this topic: Toledo, Port Clinton And Lakeside Railway
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