Pittsburgh, Johnstown, Ebensburg and Eastern Railroad

The Pittsburgh, Johnstown, Ebensburg and Eastern Railroad was a railroad corporation in Pennsylvania chartered in 1897 to unite two local short lines in Clearfield, Blair and Cambria counties and create a coal-hauling railroad to compete with the Pennsylvania Railroad. Highly speculative, it never had the financing to begin construction, began losing control of the two short lines in 1900, and continued litigating the matter until 1909. Left a paper corporation with no railroad property, it was dissolved a few years later. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/