Wikipedia:WikiProject Trains/ICC valuations/Macopin Railroad

Interstate Commerce Commission, Valuation Reports, Volume 33

Macopin Railroad

Location and General Description of Property

The railroad of the Macopin Railroad Company, herein called the Macopin Railroad, is a single-track line, located entirely within the State of New Jersey, and extending from Macopin Lake Junction to Macopin Lake, 1.533 miles.

Introductory

The Macopin Railroad is a corporation of the State of New Jersey, having its principal office at Jersey City, N. J. The accounting records obtained of the Macopin Railroad were incomplete, its accounts not including income or profit and loss accounts. Therefore, no information can be given from its accounts in connection with the operation of its property.

The Macopin Railroad is controlled by the New York, Susquehanna and Western through ownership of its entire outstanding capital stock. The records do not indicate that this company controls any common-carrier corporation.

The property was operated by its own organization from the date of completion thereof, about 1887, until December 1, 1896. From this date to December 31, 1917, it was operated under lease by the New York, Susquehanna and Western. On January 1, 1918, its common-carrier property was taken over for operation by the United States Railroad Administration which operates it on date of valuation.

Corporate History

The Macopin Railroad was incorporated November 8, 1886, under the general laws of New Jersey, for the purpose of constructing and operating a railroad from a connection with the road of the New York, Susquehanna and Western at West Milford to Macopin Lake, N. J., about 2 miles. The date of its organization was November 9, 1886.

Development of Fixed Physical Property

The owned mileage, 1.533 miles, was all acquired by construction during the year 1887. It is not known whether the construction work was performed by forces of the company or by contract.

Leased Railway Property

The common-carrier property of the Macopin Railroad 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.