Wikipedia:WikiProject Trains/ICC valuations/Greenwich and Johnsonville Railway

Interstate Commerce Commission, Valuation Reports, Volume 116

Greenwich & Johnsonville Railway Company

Location and General Description of Property

The railroad of Greenwich & Johnsonville Railway Company, hereinafter called the Greenwich & Johnsonville, is a single-track standard-gauge steam railroad, located in the eastern part of New York. The owned mileage extends northerly from Johnsonville to Greenwich, N. Y., thence in a southwesterly direction to Schuylerville, N. Y., a distance of 21.461 miles. The Greenwich & Johnsonville also owns yard and side tracks totaling 4.320 miles. Its road thus embraces 25.781 miles of all tracks owned.

Introductory

The Greenwich & Johnsonville continued the accounts of The Greenwich & Johnsonville Railway Company of 1879, so that there was no break in the accounting of August 12, 1903, the date of consolidation. For this reason it has been impossible to make a separate reporting of the results of corporate operations, and certain other data for the period before and after August 12, 1903.

Corporate History

The Greenwich & Johnsonville was incorporated August 12, 1903, through the filing with the secretary of state of New York of an agreement dated June 6, 1903, providing for the consolidation of The Greenwich & Johnsonville Railway Company (incorporation of 1879) and the Battenkill Railroad. The Greenwich & Johnsonville was incorporated for a term of 500 years from August 12, 1903. The principal office is at Greenwich. The carrier controls the Greenwich & Johnsonville through ownership of the entire outstanding capital stock of the latter.

Development of Fixed Physical Property

On date of valuation the Greenwich & Johnsonville owned and operated about 21.461 miles of single-track standard-gauge railroad between Greenwich and Schuylerville, of which 14.000 miles were acquired from The Greenwich & Johnsonville Railway Company of 1879 under the consolidation arrangement, and 7.15 miles by the completion of the railroad begun by the Battenkill Railroad but unfinished at date of consolidation. The recorded mileage of 21.150 on date of valuation was increased by 0.311 mile as a result of actual measurements by the commission, making the total as above shown.

The Greenwich & Johnsonville constructed a branch line about 10 miles long, designated the Salem branch, between Greenwich and Greenwich Junction, N. Y., which line was subsequently sold to the carrier.

Leased Railway Property

The Greenwich & Johnsonville grants the use of 0.6 mile of track between Thomson and Liberty, N. Y., to the Hudson Valley Railway Company at an annual rental of $2,000, which is covered by an agreement dated January 19, 1911.