Wikipedia:WikiProject Trains/ICC valuations/Jefferson Railroad
Interstate Commerce Commission, Valuation Reports, Volume 33
The Jefferson Railroad
[edit]Location and General Description of Property
[edit]The railroad of The Jefferson Railroad Company, herein called the Jefferson Railroad, is located entirely within the State of Pennsylvania and extends from Lanesboro to West Carbondale, with detached branch lines projecting from Mayfield to Edgerton Colliery and from West Hawley to East Honesdale, aggregating 45.015 miles of road, with 35.324 miles of second main track.
Introductory
[edit]The Jefferson Railroad is a corporation of the State of Pennsylvania, having its principal office at Dunmore, Pa. No general 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 us, and from other sources.
The Jefferson Railroad is controlled by the Erie through ownership of the entire outstanding capital stock. The records reviewed do not indicate that this company controls any common-carrier corporation.
The property of the Jefferson Railroad was operated by the Erie Railway Company and its receivers from the date of its acquirement, to June 1, 1878. From this date to December 1, 1895, the property was operated by The New York, Lake Erie and Western Railroad Company and its receivers, and from the latter date to December 31, 1917, it was operated by the Erie. 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 system of the Erie, and it is so operated on date of valuation.
Corporate History
[edit]The Jefferson Railroad was incorporated April 28, 1851, by special act of the Legislature of Pennsylvania to construct and operate a line of railroad from a point in Pike County to any point on the New York State line in Susquehanna County, Pa., and to construct branch lines. The date of its organization was March 4, 1864.
Development of Fixed Physical Property
[edit]The owned mileage of the Jefferson Railroad, 45.015 miles, was all acquired by construction. The years when the various portions of the line were constructed are indicated in the following statement.
| Mileage | |
|---|---|
| West Hawley to East Honesdale, Pa., 1867 to December, 1868. | 8.222 |
| Lanesboro to Carbondale, 1869 to 1870. | 36.434 |
| Edgerton branch, prior to 1884. | 2.500 |
| Erie Colliery branch, prior to 1884. | .339 |
| Total. | 47.495 |
| Less mileage abandoned, Edgerton branch, 1909-1910. | 2.500 |
| Net total recorded mileage. | 44.995 |
| Difference between net total recorded mileage and mileage inventoried as of date of valuation. | .020 |
| Mileage inventoried as of date of valuation. | 45.015 |
In the construction of the road built for the Jefferson Railroad, its main line extending from Lanesboro to Carbondale, was constructed under contract by Henry A. Fonde & Company, contractors. The branch line extending from West Hawley to East Honesdale was constructed partly by Genty, Jones, and Manning, contractors, and partly by the forces of the Erie Railway Company. It could not be determined by whom the other two branches were constructed.
Leased Railway Property
[edit]The common-carrier property of the Jefferson 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.