Wikipedia:WikiProject Trains/ICC valuations/New York, Ontario and Western Railway

Interstate Commerce Commission, Valuation Reports, Volume 25

New York, Ontario and Western Railway

Location and General Description of Property

The railroad of New York, Ontario and Western Railway Company, herein called the carrier, is a partly double-track, standard-gauge, steam railroad, located in the central and southeastern portions of New York. The main stem extends from Oswego to Cornwall, N.Y., 321 miles, and provides a route between Lake Ontario and the Atlantic Ocean, via the Hudson River. The carrier owns wharves and tracks at Weehawken, N.J. These are connected with the main line of the carrier by means of trackage rights over about 53 miles of the West Shore Railroad Company, a lessor company of The New York Central Railroad Company. The carrier also operates a water-line service, consisting of the towage of its own and foreign floating equipment, between Cornwall, N.Y., Weehawken, N.J., Boston, Mass., and points near those places.

Corporate History

The carrier was incorporated on January 21, 1880, under the general laws of New York relating to the reorganization of railroads sold under mortgage, and is a reorganization of the New York and Oswego Midland Railroad Company [apparently incorporated January 11, 1866], which had been sold under foreclosure proceedings on November 14, 1879. While the records indicate that the carrier obtained possession of the property on January 21, 1880, it did not begin operations until February 1, 1880. Its principal office is located in New York City. Control of the carrier is vested in the New York, New Haven and Hartford Railroad Company, through ownership of a majority of the capital stock. The detailed facts as to the development of fixed physical property are given in Appendix 2.

Development of Fixed Physical Property

The property owned by the carrier on date of valuation was acquired as follows:

Road purchased from the New York and Oswego Midland Railroad Company, Jan. 1, 1880, 295.060 miles.:
- Middletown to Oswego, N.Y., 248.410 miles.
- Summitville to Ellenville, N.Y., 7.368 miles.
- Walton to Delhi, N.Y., 16.868 miles.
- New Berlin Junction to New Berlin, N.Y. 22.416 miles.
Road constructed, Middletown to Cornwall, N.Y. 26.000 miles.

Grand total, 321.060 miles.

Lessor Companies

Leased Railway Property

The carrier used on date of valuation property owned by other companies and other companies used property owned by the carrier to the extent indicated in the statement below. The description of the property and period and terms of use and the rentals accrued and charged or credited to income for the year ending on date of valuation are as follows:

Solely owned but jointly used, used with —
- Erie Railroad Company —
  - Tracks, 3.08 miles, from Middletown to Crawford Junction, N.Y.; 50 cents per train mile for 10 cars or less, extra cars 5 cents each per train-mile. Rental $2,280.75.
  - Tracks, 2.12 miles, from Northwest Junction to Northwest Colliery, Pa.; 24 cents per ton hauled. ......
- The Delaware, Lackawanna & Western Railroad Company —
  - Tracks, 3.91 miles, from Dickson to Diamond Crossing, Pa.; $1 per mile for running pay car over track. ......
  - Terminal facilities, Utica, N.Y.; annual rental of $1,000 and proportion of expense of handling trains in and out. Rental $1,538.95.
- The New York Central Railroad Company —
  - Tracks, 12.23 miles, from Fulton to Oswego, N.Y.; the New York Central receives 50 per cent of passenger, freight, and express revenue, less the carrier's tickets honored on the New York Central's trains; latter pays 10 cents per mile for non-revenue movements, and $240 per annum for salary of crossing flagman at Fulton. Rental $7,416.35.
  - Terminal facilities, Central Square, N.Y.; annual rental $78. Rental $50.64.
  - Terminal facilities, Earlville, N.Y.; annual rental $360. Rental $234.00.
- The Lehigh and Hudson River Railway Company; terminal facilities, Burnside, N.Y.; one-half of agent's salary, two-thirds of switchman's salary, and one-half cost of light and heat. Rental $1,208.46.
- Middletown and Unionville Railroad Company; terminal facilities, Middletown, N.Y.; annual rental $180. ......
- Delaware & Northern Railroad Company; terminal facilities, East Branch, N.Y.; one-fourth of station employees' and flagmen's salaries, one-half of freight transfermen's wages, and one-half cost of heat and light. Rental $947.74.
- The Delaware and Hudson Company; yards at Jermyn, Pa.; one-half of employees' salaries. Rental $40.00.
- Lehigh Valley Railroad Company; yards at Fish Creek, N.Y.; 23/35 of expenses, maintenance, and operation of interlocking system. ......
- New York, Susquehanna and Western Railroad Company; crossing gates at Olyphant, Pa.; proportion of maintenance. ......
Solely used but not owned, leased from —
- Utica, Clinton and Binghamton and the Rome and Clinton; entire properties; both properties leased in perpetuity to The Delaware and Hudson Company and subleased to the carrier for 35 years from June 1, 1886; annual rental, $75,000 per annum to Apr. 30, 1908; thereafter 30 per cent of the gross earnings per annum; amount paid for year ended on date of valuation. Rental $65,768.14.
- Wharton Valley; entire property; leased for 99 years from Oct. 1, 1888; annual rental $3,750; carrier owns entire capital stock. Rental $3,750.00.
- Ontario, Carbondale and Scranton; entire property; leased for 99 years from June 1, 1890; annual rental $75,000, and $600 per annum for organization expenses; carrier owns entire capital stock. Rental $75,600.00.
- Ellenville & Kingston; entire property; leased for 50 years from July 1, 1905; annual rental $26,000, and organization expenses not to exceed $500 per annum; carrier owns entire capital stock. Rental $26,000.00.
- Port Jervis, Monticello and Summitville; entire property; leased for 50 years from July 1, 1905; annual rental $18,000, and organization expenses not to exceed $500 per annum; carrier owns entire capital stock. Rental $18,000.00.
- Pecksport Connecting Railway; entire property; controlled by carrier through ownership of entire capital stock; carrier includes results of operations in its own income account and maintains the property. ......
- West Shore Railroad Company (The New York Central Railroad Company, lessee); land and 4.78 miles of track at Weehawken, N.J.; leased from June 1, 1911, for one year and thereafter until 90 days' notice by either party to cancel lease; annual rental $14,910. Rental $14,910.00.
Jointly used but not owned, owned by —
- The New York Central Railroad Company —
  - Terminal facilities and 53.07 miles of track at Weehawken and New York City; 20 cents per passenger-train mile and 2.5 cents extra per passenger-car mile; 30 cents per freight-train mile and .75 cent extra per freight-car mile; 50 per cent of passenger revenue collected on carrier's trains between Cornwall, N.Y., and Weehawken, N.J.; compensation for terminal facilities based on various rates per ton handled; amount paid $173,261.65. Rental $42,269.41.
  - Crossing tracks, Central Square, N.Y.; 10/29 of all expenses at interlocking tower. ......
  - Crossing tracks, Clark Mills, N.Y.; 6.58 of all expenses at interlocking tower. Rental $22.56.
  - Tracks, Pier 1 to Pier 6, Oswego, N.Y.; annual rental $175. Rental $121.35.
  - Terminal facilities, Cornwall, N.Y.; compensation based on business handled. ......
  - Terminal facilities, Oneida Castle, N.Y.; one-half of station agent's and one-third of baggage master's salaries, plus cost of taxes, insurance, heat, supplies, etc. Rental $37.60.
  - Terminal facilities, Utica, N.Y.; 50 per cent of expense of handling cars in and out. Rental $657.40.
  - Engine house, Weehawken, N.J.; annual rental $2,000. Rental $500.00.
  - Signals, Utica, N.Y.; 8.10 per cent of expenses of operation. ......
- The Delaware and Hudson Company —
  - Crossing tracks, Sidney, N.Y.; 50 per cent of maintaining and operating interlocking system. ......
  - Terminal facilities, Sidney, N.Y.; based on ticket sale and tonnage hauled. Rental $158.83.
  - Crossing tracks, Dickson, Pa.; 50 per cent of maintaining and operating interlocking system. ......
  - Yard, Jermyn, Pa.; 50 per cent of maintenance and interest on valuation. Rental $1,003.60.
- New York, Susquehanna and Western R.R. Co.; tracks, 0.03 mile, Winton branch to Riverside branch, Pa., annual rental $10. Rental $7.50.
- The Delaware, Lackawanna & Western Railroad Company; tracks, 0.70 mile, Mt. Jessup Colliery to Winton, Pa., and 0.67 mile, Pine Brook Colliery to Diamond Crossing, Pa.; 8 cents per ton when handled by the carrier's power; 12 cents per ton when handled by the Delaware, Lackawanna & Western's power. Rental $1,829.90.
- Erie Railroad Company; terminal facilities, Port Jervis, N.Y.; 50 per cent on ticket sales and excess baggage collections. Rental $247.87.
- The Central Railroad Company of New Jersey; terminal facilities, Scranton, Pa.; percentage of tonnage handled and ticket sales; also interest on valuation. Rental $7,673.21.
- Central New England Railway Company; yards, Maybrook, N.Y.; percentage of tonnage handled and interest on cost of transfer platform. Rental $60.92.
Jointly owned and used;
- Owned by the carrier, Central New England Railway Company, and Lehigh and New England Railroad Company, one-third each; used with Central New England Railway Company and The New York Central Railroad Company; passenger station at Campbell Hall, N.Y.; Central New England Railway pays one-third of station salaries and one-third cost of heat and light; the New York Central pays proportion of heat and light. Rental $852.84.