Wikipedia:WikiProject Trains/ICC valuations/Newark and Hudson Railroad
Interstate Commerce Commission, Valuation Reports, Volume 33
Newark and Hudson Railroad
[edit]Location and General Description of Property
[edit]The railroad of the Newark and Hudson Railroad Company, herein called the Newark and Hudson, is a double-track line, located entirely within the State of New Jersey and extends from Newark to New York and Greenwood Lake Junction, and from Harrison to a point near the Hackensack River, aggregating 3.759 miles.
Introductory
[edit]The Newark and Hudson 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 us, and from other sources.
The Newark and Hudson 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 Newark and Hudson was operated by the Erie Railway Company and its receivers from the date it was placed in operation, about 1872, to June 1, 1878. From that 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 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 Newark and Hudson was incorporated March 17, 1870, under special act of the Legislature of New Jersey to construct and operate a railroad from Newark to a point in Hudson County, N. J. The date of its organization was February 25, 1871.
Development of Fixed Physical Property
[edit]The owned mileage of the Newark and Hudson, 3.759 miles, was all acquired by construction. The years when the various portions of the line were constructed are indicated in the following statement:
| Mileage | |
|---|---|
| Bergen Junction to Newark, N. J., 1870-1872. | 5.620 |
| New York and Greenwood Lake Junction to a point near Harrison, N. J., 1909. | 2.563 |
| Total. | 8.183 |
| Less mileage abandoned. | .813 |
| 7.370 | |
| Difference between recorded mileage and mileage inventoried as of date of valuation. | 3.611 |
| Mileage inventoried as of date of valuation. | 3.759 |
The records reviewed indicate that the road from Bergen Junction to Newark, N. J., was constructed by forces of the Erie Railway Company. The line extending from New York and Greenwood Lake Junction to a point near Harrison, N. J., was constructed by the forces of the Erie.
Leased Railway Property
[edit]The common-carrier property of the Newark and Hudson 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.