Wikipedia:WikiProject Trains/ICC valuations/Wharton and Northern Railroad
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The railroad of the Wharton and Northern Railroad Company, herein called the carrier, is a single-track, standard-gauge, steam railroad, located in northern New Jersey. The main line extends southwesterly from Green Pond Junction to Wharton, 15.677 miles, with branch lines from Oreland Junction to Oreland and from Wharton Junction to Lake Junction. The company owns 20.576 miles of main track and 5.606 miles of yard tracks and sidings. Its road thus embraces 26.182 miles of all tracks owned and used. In addition, the carrier has trackage rights over about 1 mile of road of the Central Railroad Company of New Jersey between Hopatcong Junction and Lake Junction, N. J. The carrier is an industrial railroad. It is controlled by the Wharton Steel Company, which is one of the principal industries served.
- CORPORATE HISTORY
The carrier was incorporated December 7, 1905, under the general laws of [...]
| No. | Name | Incorporation | Succession |
|---|---|---|---|
| 1. | Wharton and Northern Railroad Company. | Under general laws of New Jersey, through articles of consolidation dated June 10, 1906, and filed Dec. 7, 1905. | |
| 2. | Morris County Railroad Company. | Under general laws of New Jersey, Nov. 24, 1885. | Consolidated Dec. 7, 1905, with 5, 6, and 7, to form 1. |
| 3. | The Charlottesburgh and Green Lake Railroad Company. | Under general laws of New Jersey, Nov. 18, 1876. | Merged July 17, 1888, with 2. |
| 4. | Green Pond Railroad Company. | Under general laws of New Jersey, Feb. 12, 1874. | Sold following foreclosure, and reorganized Nov. 18, 1876, as 3. |
| 5. | The Port Oram Railroad Company. | Under general laws of New Jersey, June 22, 1886. | Consolidated Dec. 7, 1905, with 2, 6, and 7, to form 1. |
| 6. | Hibernia Branch Railroad Company. | Under general laws of New Jersey, July 17, 1888. | Consolidated Dec. 7, 1905, with 2, 5, and 7, to form 1. |
| 7. | Morris County Connecting Railroad Company. | Under general laws of New Jersey, July 1, 1901. | Consolidated Dec. 7, 1905, with 2, 5, and 6, to form 1. |
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The road owned by the carrier, 20.576 miles, was acquired by consolidation and by construction. The date with respect to the road constructed by the carrier and its predecessor companies, the years in which the various portions of the line were constructed, and the manner in which the carrier acquired the property, are indicated in the following table, wherein, to facilitate comparison with the table showing corporate succession, previously given, the same order of corporations is maintained.
Acquired in the consolidation of 1905, from—
- Morris County Railroad Company—
- Constructed by that company, Green Lake Station to near Lake Junction, N. J., 1886 9.9
- Constructed by the Green Pond Railroad Company; Green Pond Junction to Green Lake Station, N. J., about 1876 4.0
- 13.9
- The Port Oram Railroad Company, constructed by that company; at Wharton, N. J., 1886 0.4
- Hibernia Branch Railroad Company, constructed by that company; Oreland Junction to Oreland, NJ, 1890 4.0
- Morris County Connecting Railroad Company, constructed by that company; Wharton Junction to Wharton, N. J., 1902 1.75
Acquired by construction; various branches, 1917 and 1918 0.55
- Total 20.60
- Difference between total recorded mileage and mileage inventoried as of date of valuation 0.024
- Mileage inventoried as of date of valuation 20.576
- HISTORY OF CORPORATE FINANCING