Pacific Electric had lost money most of it's existence. Southern Pacific took control of PE in the great merger. Oscar Smith became president of PE. Mr. Smith had been Henry Huntingtons' stenographer. SP told Smith, " Here is 10 million dollars, do whatever you want, but don't ask for more money." It was the popularity of the automobile that killed PE. There was no public support for subsidizing a private, for profit transit operator.
Pacific Electric had lost money most of it's existence. Southern Pacific took control of PE in the great merger. Oscar Smith became president of PE. Mr. Smith had been Henry Huntingtons' stenographer. SP told Smith, " Here is 10 million dollars, do whatever you want, but don't ask for more money." It was the popularity of the automobile that killed PE. There was no public support for subsidizing a private, for profit transit operator.
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