Corporate Genealogy
The Pennsylvania Railroad

LEASED RAILWAY PROPERTY

The Pennsylvania Railroad used on December 31, 1917, facilities owned by other companies and other companies used facilities owned by the Pennsylvania Railroad to the extent indicated in the statement below. The description of the property, the period and terms of use, and the rental accrued and charged or credited to income for the year ended December 31, 1917, are as follows:

Solely owned, but jointly used:
      The Baltimore and Ohio Rail Road Company:
      Trackage, 11.30 miles, Edna Junction No. 1 and 2 to Gratztown, Pa.; stipulated annual payment equal to proportion of 4 per cent on valuation, which car and engine mileage of Baltimore and Ohio bears to total car and engine mileage over portion used. $3,594.03
Trackage, 14.81 miles, Mann's Choice to Hyndman, Pa.; no details obtained
Trackage, 5.00 miles, Long Bridge, Va., to Washington, D. C.; no details obtained
Trackage, 14.90 miles, Newark Junction, N. J., to Sunnyside Yards, N. Y.; no details obtained
Bellefonte Central Railroad Company: Trackage, 0.60 mile at Bellefonte, Pa.; stipulated rental of $15 per month 108.00
Buffalo, Rochester and Pittsburgh Railway Company:
Trackage, 19.50 miles, Black Lick to Vintondale and Indiana Branch, Pa.; stipulated annual payment equal to 2 per cent of interest on valuation at 4 per cent 15,395.64
Trackage, 1.97 miles, at Buffalo, N. Y.; no details obtained
The Chesapeake and Ohio Railway Company: Trackage, 2.30 miles, Washington, D. C., to Long Bridge, Va.; no details obtained
The Central Railroad Company of New Jersey: Trackage, 18.20 miles, Bay Head Junction to Toms River Station, N. J., no details obtained
Cumberland Valley Rail Road Company: Passenger and freight stations at Harrisburg, Pa.; stipulated annual payment for use of passenger station proportion of 4 per cent on valuation, taxes and insurance, based on cars in and out of station 3,336.15
Erie Railroad Company:
Trackage, 0.75 mile, at Brockway, Pa.; stipulated monthly payment $350 1,430.04
Trackage, 19.48 miles, Chemung Junction to Watkins, N. Y.; stipulated annual payment on mileage basis 4,972.61
Hudson and Manhatten Railroad Company: Trackage, 0.52 mile, at Jersey City, N. J.; stipulated annual payment proportion of 4 per cent on valuation, based on number of cars over tracks 6,690.22
The Huntington and Broad Top Mountain Railroad and Coal Company: Trackage, 7.91 miles, Mount Dallas to Bedford, Pa.; no details
Kishacoquillas Valley Railroad Company: Trackage, 0.58 mile, at Reedsville, Pa.; stipulated annual payment $350 227.50
The Long Island Railroad Company: Station facilities, yards and 4.20 miles of track at New York City; stipulated annual payment $13,000; proportion of 4.5 per cent interest on valuation of distributing system, including power house, plus additions and betterments, based on cars in and out 494,086.47
Lake Erie, Franklin and Clarion Railroad Company: Trackage, 8.04 miles, Summerville to Brookville, Pa.; no details obtained
The Lehigh and Hudson River Railway Company: Trackage, 13.70 miles, Phillipsburg to Belvidere, N. J.; no details obtained
Lehigh Valley Railroad Company: Trackage, 0.35 mile, West Seneca to Buffalo, N. Y.; no details obtained
Maryland, Delaware and Virginia Railway Company: Trackage, 5.19 miles, Lewes to Rehoboth, Del.; no details obtained
Mount Jewett, Kinzua and Riterville Railroad Company: Trackage, 8.95 miles, East Smethport to Larrabee, Pa.; no details obtained
The New York Central Railroad Company:
Trackage, 11.18 miles, Rossiter Junction to McGees, Pa.; trackage, 28.14 miles, Patten [1] to Mahaffey, Pa.; trackage, 217 miles [2], Moss Creek Branch, Pa.; trackage, 0.91 mile, portion to Burnside Branch, Pa.; trackage, 8.95 miles, Cherry Tree and Lantzy Branch, Pa.; stipulated annual payments equal to 2.5 per cent on valuation 27,653.22
Trackage, 45.01 miles, McElhatten to Keating, Pa.; stipulated annual payment equal to 2 per cent on valuation and portion of taxes 86,228.77
Trackage, 20.91 miles, Brookville to Falls Creek, Pa.; stipulated annual payment interest at 2 per cent on valuation and proportion of capital stock tax, based on car and engine mileage 27,425.08
The New York, Chicago and St. Louis Railroad Company: Trackage, 46.00 miles, Buffalo to Brocton, N. Y.; no details obtained
The New York, New Haven and Hartford Railroad Company: Trackage, 5.11 miles, Long Island City to New York City; no details obtained
Pennsylvania Company--
Passenger terminal at Pittsurgh, Pa.; stipulated annual payment equal to 4 per cent on valuation, based on cars in and out 135,911.04
Transfer station at Pitcairn, Pa.; stipulated annual payment 49 per cent of 4 per cent interest on valuation, based on tonnage handled 3,295.92
Freight stations at Duquesne, Shady Side, East Liberty, Allegheny, Millvale, Sharpsburg, Sixteenth Street, and South Side, Pittsburgh, Pa.; stipulated annual payment proportion of 4 per cent interest on valuation, based on tonnage handled 47,436.99
The Pittsburgh, Cincinnati, Chicago and St. Louis Railroad Company--
Passenger station at Pittsburgh, Pa.; stipulated annual payment equal to 4 per cent interest on valuation, based on engines handled 111,860.54
Freight stations at Duquesne, Shady Side, East Liberty, Allegheny, Millvale, Sharpsburg, Sixteenth Street, and South Side, Pittsburgh, Pa.; stipulated annual payment proportion of 4 per cent interest on valuation, based on tonnage handled 29,354.95
The Pittsburgh and Western Railroad Company: Trackage, 1.20 miles, Pine Creek to Willow Grove, Pa.; no details
Philadelphia and Reading Railway Company--
Trackage, 5.32 miles, Harrisburg to Rockville, Pa.; stipulated annual payment equal to 5/8 of 60 per cent of gross receipts 1,167.57
Trackage, 2.51 miles, Boston Run Junction to Frackville, Pa.; stipulated annual payment equal to 4 cents per passenger, 4 cents per ton on coal, 6 cents per ton on other freight, 10 cents per car excess empty 10,643.55
Southern Railway Company: Trackage, 2.30 miles, Washington, D. C., to Long Bridge, Va.; no details obtained
Susquehanna and New York Railroad Company; Trackage, 19.40 miles, Newberry to Marsh Hill Junction, and passenger station at Newberry, Pa.; stipulated annual payment proportion of interest at 5 per cent on valuation, based on car and engine mileage 9,685.16
West Jersey and Seashore Railroad Company; Trackage, 1.92 miles, Camden to Pavonia, N. J.; no details obtained
Western Maryland Railway Company--
Trackage, 1.58 miles, Fulton Junction to U. R. R. Junction, Baltimore, Md.; stipulated annual payment equal to 20 cents per ton on all freight passing over track 1,579.06
Trackage, 1.08 miles, Fulton Junction to Madison and Van Buren Streets, Baltimore, Md.; stipulated annual payments, passenger per trip 10 cents; commutation mileage or excess 6 cents; monthly or season tickets 4 cents; freight 35 cents per ton; express 35 cents per ton. and mail 50 per cent of amount received 17,952.88
Washington Southern Railway Company: Trackage, 2.30 miles, Washington, D. C., to Long Bridge, Va.; no details obtained
The Winfield Railroad Company: Trackage, 3.86 miles, Butler Junction to Winfield, Pa.; no details obtained
West Jersey and Seashore Railroad Company: Trackage, 0.99 mile, station and yard at Camden, N. J.; stipulated annual payment equal to proportion of 4 per cent interest on valuation, based on cars and engines handled per month 135,735.67
Solely used, but not owned; leased from--
Belvidere Delaware: Entire property; term January 1, 1876, to June 30, 2870; stipulated annual payment $5 per annum and organization expenses not to exceed $3,000 per annum, and a further yearly rent or sum of money which shall be equal to the residue of the surplus of the net earnings, net income or net profit, if any 423,649.60
Bradford Railroad: Entire property; term 999 years from Dec. 8, 1881, results of operations are included in those of the Western New York and Pennsylvania Railway Company
Camden and Burlington: Entire property; term for life of charter; stipulated payment 6 per cent per annum on par value of capital stock, interest on funded debt and $700 per annum for organization expenses 42,727.50
Connecting Railway: Entire property; term 999 years from Jan. 1, 1868; stipulated annual payment equal to 6 per cent on value of property used 444,666.00
Delaware Railroad: Entire property; term 99 years from Mar. 1, 1910; stipulated payment 8 per cent per annum on par value of capital stock, interest on funded debt and organization expenses
Elmira and Williamsport: Entire property; term 999 years from May 1, 1863; stipulated payment 7 per cent per annum on par value of preferred stock and 5 per cent on par value of common stock, interest on funded debt and $3,000 per annum for organization expenses 130,000.00
Harrison and East Newark: Entire property; term implied lease; the Pennsylvania Railroad owns all of the capital stock, pays all expenses and takes all the earnings
Lykens Valley Rail-Road and Coal Company: Entire property; term 99 years from June 8, 1910, stipulated payment $24,000 per annum, taxes and organization expenses 24,038.98
New York Bay Railroad: Entire property; trackage-right agreement effective July 1, 1908, until canceled at the option of either party; stipulated payment $24,836.66 per month, plus operating expenses, taxes and insurance; treated as joint facility rents by the Pennsylvania $500,515.36
Northern Central: Entire property; term 999 years from Jan. 1, 1911; stipulated payment 8 per cent per annum on par value of capital stock, interest, taxes and $5,000 per annum for organization expenses 2,528,407.55
Philadelphia and Trenton: Entire property; term 999 years from June 30, 1871; stipulated payment 10 per cent per annum on par value of capital stock, taxes and $10,000 per annum for organization expenses 49,823.72
The Rocky Hill Railroad and Transportation Company: Entire property; term for life of charter; stipulated payment 6 per cent per annum on par value of capital stock, except that owned by The United New Jersey Railroad and Canal Company, interest on outstanding debts and organization expenses not to exceed $100 per annum 1,183.08
Shamokin Valley and Pottsville: Entire property; term 999 years from Feb. 27, 1863; stipulated payment 6 per cent per annum on par value of capital stock, interest on funded debt and taxes 52,167.00
The United New Jersey Railroad and Canal Company: Entire property; term 999 years from June 30, 1871; stipulated payment $1,948,500 per annum, taxes and payment of all debts and obligations as they become due 2,931,310.71
Western New York and Pennsylvania: Entire property except 51.492 miles between Stoneboro and Mahoningtown, Pa., including a branch line from Leesburg to Redtown, Pa.; term 20 years from Aug. 1, 1903, and thereafter from year to year; lessee receives all revenues and applies same to the maintenance of the property and the payment of taxes. Any revenue remaining reverts to the lessor 985,195.92
Pennsylvania and Atlantic: Entire property except 24.416 miles between Pemberton and Hightstown, N. J.; term indefinite period from Frb. 25, 1915, subject to 60 days' notice; lessee to receive all revenues and pay entire cost of maintenance and operation, all taxes, interest on bonds and any other obligations

In addition the Pennsylvanai Railroad leased as of April 1, 1918, the common-carrier properties of other companies, as indicated below:

Union Railroad Company of Baltimore: Entire property; term 991 years and nine months from Apr, 1, 1918; stipulated payment 8 per cent on par value of capital stock, interest on funded debt, taxes, and organization expenses.

Delaware River Railroad: Entire property; term 999 years from Apr, 1, 1918; stipulated annual payment 8 per cent on par value of capital stock, interest on funded debt, taxes and organization expenses.

As of Jauary 1, 1918, the Pennsylvania Railroad leased the entire property of the Philadelphia, Baltimore and Washington, except that portion of the road from Grays Ferry to Ridley Junction (Eddystone), Pa., about 9.948 miles, for a term of 999 years. The lessee is obligated to pay the fixed charges and taxes and 6 per cent on the par value of capital stock. In connection with its lease of the Philadelphia, Baltimore and Washington Railroad Company, the Pennsylvania Railroad obtained trackage rights over the entire property of The Catonsville Short Line Rail Road Company for the term of the lease of the first-named company.

All of the above properties were operated by the railroad administration at date of valuation.

Jointly used, but not owned:
      The Baltimore and Ohio Railroad Company--
      Tracks, 2.03 miles, at Johnstown, Pa.; stipulated annual payment on car basis $7,423.85
Tracks, 0.28 mile at Pittsburgh, Pa.; no details obtained
The Baltimore and Sparrows Point Railroad Company: Tracks, 5.43 miles, Colgate Creek to Sparrows Point, Md.; stipulated annual payment based on passenger and freight traffic 32,753.30
The Buffalo Creek Railroad Company: Trackage, 6.53 miles, at Buffalo, N. Y.; no details obtained
Buffalo, Rochester and Pittsburgh Railway Company: Trackage, 9.14 miles, Carrolton, N. Y., to Bradford, Pa.; no details obtained
Cherry Tree and Dixonville: Entire property; stipulated annual payment equal to one-half of interest on outstanding obligations, taxes, car and engine mileage 35,852.78
Cumberland Valley Railroad Company: Trackage, 1.36 miles, Harrisburg to Lemoyne, Pa.; stipulated annual payment proportion of 4 per cent interest on valuation, based on number of cars moved 20,909.49
The Central Railroad Company of New Jersey: Trackage, 1.66 miles, at Woodbridge, N. J.; no details obtained
The Delaware, Lackawanna and Western Railroad Company:
Trackage, 17.75 miles, Manunka Chunk, N. J., to Stroudsburg, N. Y.; no details obtained
Trackage, 11.18 miles, Buffalo to Black Rock, N. Y.; no details obtained
Erie Railroad Company: Trackage, 5.33 miles, Southport to Chemung Junction, N. Y.; stipulated annual payment based on passenger and freight traffic 31,319.27
The Elmira and Lake Ontario Railroad Company: Tracks, and buildings at Elmira, N. Y.; monthly rental of $1,601.13 8,123.64
The Grand Trunk Railway Company: Trackage, 1.05 miles, Black Rock, N. Y., to Fort Erie, Ontario; no details obtained
The Huntington and Broad Top Mountain Railroad and Coal Company: Trackage, 1.81 miles, at Mount Dallas, Pa.; no details obtained
The Lehigh and Hudson River Railroad Company--
Trackage, 10.00 miles, Greycourt to Campbell Hall, N. Y.; no details obtained
Trackage, 63.00 miles, Belvidere, N. J., to Greycourt, N. Y.; no details obtained
Lehigh Valley Railroad Company--
Trackage, 26.89 miles, Tomhicken to New Boston Junction, Pa.; stipulated annual payment based on passenger and freight traffic 114,981.38
Trackage, 1.77 miles, at Buffalo, N. Y.; no details obtained
Trackage, 7.70 miles, Tong Run to Gum Run, Pa.; no details obtained
Long Island Railroad: Pier 22, East River, New York City; stipulated annual payment equal to proportion of 4 per cent on valuation, based on tonnage handled 22,766.49
The Michigan Central Railroad Company: Trackage, 1.11 miles, International to Bridgeport, Ontario; no details obtained
The Monongahela Railway Company: Main line and branches; no details obtained
The New York and Long Branch Railroad Company: Trackage, 38.03 miles, South Amboy to Point Pleasant, N. J.; stipulated annual payment; guarantee fund $102,337.93, taxes $51,915.48, and miscellaneous income charges $5.28 154,258.69
The New York Central Railroad Company--
Trackage, 29.84 miles, Oil City to Stoneboro, Pa.; no details obtained
Trackage, 1.12 miles, Gates to Rochester, N. Y.; no details obtained
Trackage, 0.31 mile, Mahaffey Junction to Mahaffey, Pa.; no details obtained
The New York, Chicago, and St. Louis Railroad Company: Trackage, 46.00 miles, Buffalo to Brockton, N. Y.; no details obtained
Philadelphia and Reading Railway Company: Trackage, 3.00 miles, Frackville to Weatherhill Junction, Pa.; stipulated annual payment: passenger traffic 4 cents per passenger, coal traffic 4 cents per ton, merchandise traffic 6 cents per ton 15,880.05
The Pittsburgh, Cincinnati, Chicago and St. Louis Railroad Company: Trackage, 0.41 mile, at Pittsburgh, Pa.; stipulated annual payment equal to 3.5 cents per ton covering rental and expenses 186,811.22
Pittsburgh, Fort Wayne and Chicago Railway Company: Trackage, 0.41 mile, at Allegheny, Pa.; no details obtained
The Stewart Railroad Company: Trackage, 0.22 mile, at Freedom, Pa.; no details obtained
The Tuckerton Railroad Company: Trackage, 21.5 miles, Whitings to Manawaken, N. J.; no details obtained
The Union Transportation Company: Trackage, 2.59 miles, Pemberton to Lewiston, N. J.; no details obtained
West Jersey and Seashore: Trackage, 2.18 miles, and electric facilities at Camden, N. J.; stipulated annual payment proportion of 4 per cent on valuation, based on engines and cars handled 17,335.05
Wilkes-Barre Connecting Railroad Company: Trackage, 6.66 miles, Buttonwood Junction to Hudson, Pa.; stipulated annual payment one half of 4.5 per cent on valuation based on cars and engines moved 11,715.23
Western Maryland Railway Company--
Trackage, 9.98 miles, Baltimore to Green Springs Junction, Md.; no details obtained
Trackage, 6.47 miles, State Line to Cumberland, Md.; stipulated annual payment; trackage rate covers both rental and expenses; merchandise traffic 1 cent, 0.6 cent and 0.4 cent per 100 pounds; coal and coke traffic 2 cents per ton; passenger traffic 6 cents on all first class and 33.3 per cent of all other classes, baggage, express and mail prorated on mileage; milk traffic $1.50 per package of 20 tags for 20 quart cans, an arbitrary of 30 cents, proportionate allowance on cans of milk of larger capacity 19,839.64
Trackage, 1.57 miles, passenger and freight stations, at Cumberland, Md.; stipulated annual payment $1,000, 40 per cent wages station employees, 20 per cent lighting, 25 per cent heating and cleaning 600.00
Tracks, $250 per annum, includes rental and expenses 225.00


Note 1: Should be Patton, not Patten. Back.

Note 2: Egad! Missing decimal point, no doubt. 21.7 miles seems right. Back.


PRR Main Page

INTRODUCTORY

CORPORATE HISTORY

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

TRAFFIC CONNECTIONS

INVESTMENTS IN OTHER COMPANIES


Original data source: See citation on PRR Main Page


HTML by Robert T. Netzlof 9 Feb. 2001
HTML revised 15 July 2002
Typographical error corrected 1 July 2002
HTML revised 24 July 2002
Several typographical errors corrected 10 August 2002
Corrected HTML error 22 June 2014
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