Pittsburg, Shawmut and Northern Railroad

The Pittsburg (no "h"), Shawmut & Northern Railroad was described by locals as a railroad that "started nowhere and ended no place, with a lot of nothing in between," although it actually linked the coal mines of Elk County, Pennsylvania, with markets in Cattaraugus, Allegany, and Steuben Counties in central and western New York State. Always an underdog, the Class I line went into bankruptcy a mere five years after its corporate birth, holding the record for the longest receivership...
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The Pittsburg (no "h"), Shawmut & Northern Railroad was described by locals as a railroad that "started nowhere and ended no place, with a lot of nothing in between," although it actually linked the coal mines of Elk County, Pennsylvania, with markets in Cattaraugus, Allegany, and Steuben Counties in central and western New York State. Always an underdog, the Class I line went into bankruptcy a mere five years after its corporate birth, holding the record for the longest receivership of any American railroad at 42 years. Always starved for cash, it limped along with outdated and tired equipment, yet it never failed to meet its payroll. It was scrapped completely in 1947.