Wikipedia:WikiProject Trains/ICC valuations/Hackensack and Lodi Railroad

Interstate Commerce Commission, Valuation Reports, Volume 33

The Hackensack and Lodi Railroad

Location and General Description of Property

The railroad of The Hackensack and Lodi Railroad Company, herein called the Hackensack and Lodi, is a single-track line, located entirely within the State of New Jersey, and extending from Lodi Junction to Lodi, 1.403 miles.

Introductory

The Hackensack and Lodi is a corporation of the State of New Jersey, having its principal office at Jersey City, N. J. No accounting records of the Hackensack and Lodi 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 this commission, and from other sources.

The company is controlled by the New York, Susquehanna and Western 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 Hackensack and Lodi was operated by the New York, Susquehanna and Western from the date of completion thereof, about 1898, to December 31, 1917. 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 operating system of the New York, Susquehanna and Western, and it is so operated on date of valuation.

Corporate History

The Hackensack and Lodi was incorporated June 30, 1896, under the general laws of New Jersey, to construct and operate a railroad from New Barbadoes to Lodi, N. J. The date of its organization was July 7, 1896.

Development of Fixed Physical Property

The owned mileage, 1.403 miles, was constructed by the New York, Susquehanna and Western for the Hackensack and Lodi, during the period 1896 to 1898.

Leased Railway Property

The common-carrier property of the Hackensack and Lodi is operated on date of valuation by the United States Railroad Administration as part of the operating system of the New York, Susquehanna and Western. Details with respect to the operation of this property are given in the chapter on leased railway property in the report on the New York, Susquehanna and Western.