OUT OF THE RAILROAD BUSINESS

Arrangements have been completed for the sale by Dartmouth College of the Mount Washington Cog Railway, the railway base station, and certain related properties to Col. Arthur S. Teague who has headed the railway operations since 1951. The sale was announced jointly last month by John F. Meek '33, Vice President and Treasurer of the College, and Colonel Teague.

The sale includes the Cog Railway and its rolling stock, some twenty acres at the base of the mountain, the base station restaurant, gift shop, tourist cabins, and maintenance buildings, and the railway's right of way up the mountain. A long-term lease of the Summit House to Colonel Teague was also negotiated. Dartmouth College, however, is retaining outright ownership of the summit of the mountain.

Colonel Teague stated that he would continue to operate the Cog Railway and the Summit House on the same general basis as in recent years.

Dartmouth College became the owner of the historic railway, which was incorporated in 1858, and the summit properties in 1951 by a bequest under the will of the late Col. Henry N. Teague '00.