 The PRR acquired the railroad in 1871 and replaced the terminal in 1876 and yet again in 1888-1892.Competition along the Northeast Corridor between New York City, Philadelphia, Baltimore and Washington, principally between the PRR and Baltimore and Ohio Railroad, was fierce.These railroads both used terminals in Jersey City, there being no tunnels or bridges to Manhattan, and for much of the 19th century, Exchange Place was one of the busiest rail stations in the world.