This article lists events related to
rail transport that occurred in 1958.
Events
January
January
Unable to keep his promises to shareholders,
Robert Ralph Young suspends dividends on
New York Central stock, a factor in his subsequent suicide on January 25.
June 22 – The
Chicago Transit AuthorityCongress Branch opens for service in the median of the
Eisenhower Expressway, pioneering the first use of rail rapid transit and a multi-lane automobile expressway in the same grade-separated right-of-way. It replaced the 1895-built Garfield Park 'L' route and alignment from Des Plaines Avenue, Forest Park to the Loop.
January 25 –
Robert Ralph Young, financier and controlling stockholder of the
New York Central commits suicide after suspending company dividends (born 1897)
This article lists events related to
rail transport that occurred in 1958.
Events
January
January
Unable to keep his promises to shareholders,
Robert Ralph Young suspends dividends on
New York Central stock, a factor in his subsequent suicide on January 25.
June 22 – The
Chicago Transit AuthorityCongress Branch opens for service in the median of the
Eisenhower Expressway, pioneering the first use of rail rapid transit and a multi-lane automobile expressway in the same grade-separated right-of-way. It replaced the 1895-built Garfield Park 'L' route and alignment from Des Plaines Avenue, Forest Park to the Loop.
January 25 –
Robert Ralph Young, financier and controlling stockholder of the
New York Central commits suicide after suspending company dividends (born 1897)