Wikipedia:WikiProject Trains/ICC valuations/Arlington Railroad
Interstate Commerce Commission, Valuation Reports, Volume 33
The Arlington Railroad
[edit]Location and General Description of Property
[edit]The railroad of The Arlington Railroad Company, herein called the Arlington Railroad, is a single-track line, located entirely within the State of New Jersey and extends from a connection with the railroad of the New York and Greenwood Lake near Arlington to a connection with the railroad of the Newark and Hudson near the Hackensack River, 1.128 miles.
Introductory
[edit]The Arlington Railroad is a corporation of the State of New Jersey, having its principal office at Jersey City, N. J. No accounting records of the company 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 Arlington Railroad is controlled by the Erie 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 Arlington Railroad was operated by the New York and Greenwood Lake from the date it was placed in operation, about 1890, to May 1, 1896. From the latter date to December 31, 1917, it was operated by the Erie. The common-carrier property of this company was taken over for operation by the United States Railroad Administration on January 1, 1918, as part of the system of the Erie, and it is so operated on date of valuation.
Corporate History
[edit]The Arlington Railroad was incorporated March 21, 1887, under the general laws of New Jersey, for the purpose of constructing and operating a railroad from a point about 2,700 feet west of the Hackensack River, thence southeastwardly to a point about 500 feet from the river. The date of organization was March 22, 1887.
Development of Fixed Physical Property
[edit]The owned mileage of the Arlington Railroad, 1.128 miles, was constructed by the New York, Lake Erie and Western for the Arlington Railroad about 1890.
Leased Railway Property
[edit]The common-carrier property of the Arlington Railroad is operated on date of valuation by the United States Railroad Administration as part of the system of the Erie. Details with respect to the operation of this property are given in the chapter on leased railway property in the report on the Erie.