eBook
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The Great Chatsworth Train Wreck of 1887
Year
2020
Language
ENGLISH
Publication Information
Dale Maley
Summary
Chatsworth is a small town located in Central Illinois. It is 100 miles south of Chicago and 70 miles east of Peoria. It was founded in 1859, two years after the Peoria & Oquawka Railroad first crossed Central Illinois. This railroad became the Toledo, Peoria, and Warsaw line a few years later.In August of 1887, the TP&W railroad began advertising for a special passenger excursion train that would take Central Illinois citizens on a short vacation trip to Niagara Falls. On August 10, 1887, the train with its 625 total passengers began the trip east across Illinois.Just past midnight, the passenger train encountered a burned out wooden bridge just east of Chatsworth. The second locomotive and several wood passenger cars derailed killing approximately 85 passengers and injuring 372 more. It was one of the worst train wrecks of that era.In 1970, Helen Louise Plaster Stoutemyer published her account of the Chatsworth Train Wreck titled The Train That Never Arrived. This book utilizes her research and adds a significant amount of new information about the wreck.It is hoped this book will help to inform future generations about the Chatsworth Train Wreck of 1887. The Chatsworth train wreck still ranks as the seventh worst in American railroad history in terms of fatalities. Dale C. Maley is the author of the 19999 book Index Mutual Funds: How to Simplify Your Financial Life and Beat the Pros.He is also a contributing author to Chapter 18 Seeking Help from Professionals in the 2009 book The Bogleheads Guide to Retirement Planning.He is a very successful private investor who has been a student of Financial Planning and Investing for over 30 years. He was trained as an engineer at the University of Illinois and has been a practicing engineer for 32 years. His accomplishments as an engineer include the granting of 16 U.S. Patents and authorship of over 500 professional technical papers. He is also a member of the International Society of Automotive Engineers and the Society of Manufacturing Engineers.He also has earned an MBA (Masters Degree in Business Administration) degree from Illinois State University. His background in mathematics, engineering, and business provides him with the excellent basis for understanding and teaching investments and financial planning.He is also a very successful investor who has been investing in common stocks and mutual funds since 1980. He has also personally invested in both 401(K) and IRA plans, so he is familiar with participation and management of these types of investments. He has been investing in indexed common stock mutual funds since 1990.Dale became a Registered Financial Advisor in the State of Illinois in 2006 and is currently launching his business as a fee-only financial planner. He is President of Maley Financial Planning LLC.