Wikipedia:WikiProject Trains/ICC valuations/Lackawanna Railroad of New Jersey

Interstate Commerce Commission, Valuation Reports, Volume 39

The Lackawanna Railroad Company of New Jersey

Location and General Description of Property

The railroad of The Lackawanna Railroad Company of New Jersey, hereinafter called the Lackawanna of New Jersey, is located within the State of New Jersey and extends from Port Morris to the New Jersey-Pennsylvania State line, a distance of 27.508 miles. It is a double-track line with a short stretch of third and fourth main tracks.

Introductory

The Lackawanna of New Jersey is a corporation of the State of New Jersey, having its principal office at New York, N. Y. The accounting records of this company do not include the results of its corporate operations. The records reviewed do not indicate whether this company is controlled by any individual or corporation, nor, on the other hand, that it controls any carrier corporation. The property of the Lackawanna of New Jersey was operated by the Lackawanna from the date it was placed in operation, December 24, 1911, to December 31, 1917, and by the United States Railroad Administration, from that date to date of valuation as a part of the operating unit of the Lackawanna.

Corporate History

The Lackawanna of New Jersey was incorporated February 8, 1908, under the general laws of the State of New Jersey. The date of organization was February 8, 1908.

Development of Fixed Physical Property

The mileage owned by the Lackawanna of New Jersey, 27.508 miles, was all acquired by construction which was commenced in July, 1908, and completed on December 24, 1911.

Leased Railway Property

The entire property of the Lackawanna of New Jersey has been leased to the Lackawanna from December 24, 1911, for the period of its corporate existence. The terms of the lease and the rental accrued for the year ended December 31, 1917, are given in the chapter on leased railway property of the report on the Lackawanna.