Wikipedia:WikiProject Trains/ICC valuations/Chester and Delaware River Railroad

Interstate Commerce Commission of the United States, Valuation Reports, Volume 32

The Chester and Delaware River Railroad

Location and General Description of Property

The railroad of The Chester and Delaware River Railroad Company, herein called the Chester and Delaware River, is a single-track, standard-gage, steam railroad, located in the eastern part of Pennsylvania. The owned mileage extends from Eddystone to Chester, a distance of 5.719 miles, including a short branch at South Chester. The Chester and Delaware River also owns and uses 10.016 miles of yard tracks and sidings. Its road thus embraces 15.735 miles of all tracks.

Economic Conditions Relating to Traffic

The principal products of this region are those of the factory.

Physical Characteristics of Road

The grading averages 9,554 cubic yards per mile of road, all of which is common excavation. The entire road is laid with 70 to 90 pound relay rail, 76-pound rail predominating.

Introductory

The Chester and Delaware River is a corporation of the State of Pennsylvania, having its principal office at Philadelphia, Pa. The Chester and Delaware River is controlled by the Reading Company through ownership of the entire outstanding capital stock. The property of the Chester and Delaware River is operated as a part of the Philadelphia and Reading Railway system. The records of the Chester and Delaware River for the period prior to July 1, 1903, are missing, therefore only partial information can be given from the accounts in connection with the finances and operations.

Corporate History

The Chester and Delaware River was incorporated October 9, 1871, under the general laws of Pennsylvania.

Development of Fixed Physical Property

The road owned by the Chester and Delaware River on date of valuation was acquired by construction in 1876.

Leased Railway Property

The Chester and Delaware River uses in common with the other roads of the Reading system, equipment which is owned by the Reading Company and leased to the Philadelphia and Reading. The records do not indicate that any equipment is permanently assigned to the Chester and Delaware River but that the Philadelphia and Reading furnishes the needed equipment and assesses charges therefor under the rules of the American Railway Association. The amounts payable for the use of the equipment are included in the income accounts for the hire of freight cars and rent for equipment.

The Chester and Delaware River grants to the Philadelphia, Baltimore and Washington Railroad Company, under a joint-facility arrangement, the right to use jointly with it about 319 feet of track at Marcus Hook, Pa. The Chester and Delaware River receives 60 cents for each car moved under this agreement. The rental receivable for the year ended on date of valuation was $426.46.