Wikipedia:WikiProject Trains/ICC valuations/Bergen and Dundee Railroad

Interstate Commerce Commission, Valuation Reports, Volume 33

Bergen and Dundee Railroad

Location and General Description of Property

The railroad of the Bergen and Dundee Railroad Company, herein called the Bergen and Dundee, is a branch line, located entirely within the State of New Jersey and extends from Garfield to Passaic, 2.206 miles, of which 0.179 mile is double-tracked.

Introductory

The Bergen and Dundee is a corporation of the State of New Jersey, having its principal office at Jersey City, N. J. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated hereinafter were obtained from a balance sheet statement as of date of valuation, certified by the comptroller of the company, filed with us, and from other sources.

The Bergen and Dundee is controlled by the Erie through ownership of its entire outstanding capital stock. The records reviewed do not indicate that this company controls any common-carrier corporation.

The property of the Bergen and Dundee was operated by the New York, Lake Erie and Western Railroad Company and its receivers from the date of its acquirement, about July 8, 1885, to December 1, 1895. From that date to December 31, 1917, it was operated by the Erie. The common-carrier property of the company was taken over for operation by the United States Railroad Administration on January 1, 1918, as part of the system of the Erie, and it is so operated on date of valuation.

Corporate History

The Bergen and Dundee was incorporated July 8, 1885, under the general laws of New Jersey for the purpose of acquiring a portion of the railroad of The Bergen County Railroad Company, known as the "Dundee Spur," and to extend it to a point at the north end of Vreeland Lake in Passaic, N. J. The "Dundee Spur" was turned over to the Bergen and Dundee, about the date of its incorporation, but the records reviewed do not indicate that it has ever been formally conveyed to the Bergen and Dundee. The title to the right of way on which the road of the Bergen and Dundee is constructed, is held by The Bergen County Railroad Company. The date of organization of the Bergen and Dundee was July 8, 1885.

Development of Fixed Physical Property

The owned mileage of the Bergen and Dundee, 2.206 miles, (not including right of way) was acquired partly from The Bergen County Railroad Company, as previously explained, and partly by construction, but the exact mileage thus acquired or constructed was not determined from the records reviewed. The records reviewed indicate that the entire 2.206 miles of road was constructed by The New York, Lake Erie and Western Railroad Company during the years 1881 and 1885. There is a difference of 0.002 mile between the mileage recorded by this company, 2.204 miles, and the mileage, 2.206 miles, inventoried as of date of valuation.

Leased Railway Property

The common-carrier property of the Bergen and Dundee is operated on date of valuation by the United States Railroad Administration as part of the system of the Erie. Details with respect to the operation of this property are given in the chapter on leased railway property in the report on the Erie.