Wikipedia:WikiProject Trains/ICC valuations/Bath and Hammondsport Railroad

Interstate Commerce Commission, Valuation Reports, Volume 130

Bath and Hammondsport Railroad

Location and General Description of Property

The railroad of the Bath and Hammondsport Railroad Company, herein called the carrier, is a single-track, standard-gauge, steam railroad, extending northeastwardly from Bath, N. Y., to Hammondsport, N. Y., a distance of 9.266 miles. The carrier also owns 1.566 miles of yard tracks and sidings. Its road thus embraces 10.832 miles of all tracks.

Introductory

The carrier is a corporation of the State of New York, having its principal office at Hammondsport, N. Y. The accounting records of the carrier, covering the period from the date of its organization to December 31, 1889, were not obtained. Therefore, only partial information can be given from the accounting records regarding its financial dealings, corporate operations, or investments. The accounting data in this report were obtained from records that cover the period from January 1, 1890, to date of valuation. The carrier is controlled by the Southern Tier Development Company through ownership of a majority of the outstanding capital stock, and that company is, in turn, controlled by the Erie Railroad Company, through the Erie Land and Improvement Company. On the other hand, the records do not indicate that the carrier, itself, controls any other common-carrier corporation. The property of the carrier was operated by its own organization from the date of its completion, June 30, 1875, to December 31, 1917. On January 1, 1918, its common-carrier property was taken over for operation by the United States Railroad Administration, which still operates it on date of valuation.

Corporate History

The carrier was incorporated January 17, 1872, under the general laws of the State of New York, for the purpose of constructing and operating a railroad from Bath, N. Y., to Hammondsport, N. Y. The date of its organization was February 13, 1872.

Development of Fixed Physical Property

The owned mileage of the carrier, 9.266 miles, was all acquired by construction and was placed in operation June 30, 1875. The construction work was performed by Charles K. Spaulding, an independent contractor.

Leased Railway Property

On January 1, 1918, the common-carrier property of the carrier was taken over for operation in connection with that of the Erie Railroad Company by the United States Railroad Administration, which still operates it on date of valuation. During this period the carrier has accrued rental from lease of road amounting to $3,610.69.