People's Railroad
| Overview | |
|---|---|
| Headquarters | Syracuse, New York |
| Locale | Syracuse, New York |
| Dates of operation | 1887–1896 |
| Successor | Syracuse Rapid Transit Railway |
The People's Railroad was a street railway chartered in 1887 and opened for business in 1889 in Syracuse, New York. The total length of the line was 10.88 miles (17.51 km) with branches each 1 mile (1.6 km).[1] In 1896, the company merged into Syracuse Rapid Transit Railway.[2]
History
The People's Railroad was a street railway chartered April 22, 1887, and opened on July 1, 1889, in Syracuse, New York. On November 1, 1890, this company took a perpetual lease of the Central City Railway and the Syracuse and Onondaga Railway and those lines then merged into the People's Railroad Company.[1]
Operations
By 1893, this rail had rolling stock consisting of 31 box cars, 38 open cars and 204 horse cars.[1]
The company obtained their electric power from the firm that later became the Syracuse Lighting Company from their Fulton Street plant.[3]
Financial
During the year ending June 1893, the rail carried a total of 2,987,340 passengers. Gross earnings were $146,858 and operating expenses were $109,263 with net earnings of $37,595.[1]
That same year, the company had capital stock outstanding of $1,000,000 with funded debt on first mortgage bonds due in 1921 of $736,000.[1]
Company management
In 1893, directors of the company were A. N. Palmer, F. W. Barker, W. R. Kimball, W. P. Gannon, all of Syracuse, New York, and Thomas Hunter, Charles H. Childs, F. J. Callanen, A. T. Goodwin, J. R. Swan, all of Utica, New York.[1]
Officers of the company were president, Anson N. Palmer; secretary, Henry H. Durr of Utica; treasurer, F. W. Barker; superintendent, John H. Moffitt, both of Syracuse where the company general office was also located.[1]
Syracuse Rapid Transit railway
On May 21, 1896, the Syracuse Rapid Transit Railway, an interurban rail, was chartered as a consolidation of the Syracuse Street Railroad Company, the Syracuse Consolidated Street Railway Company and the People's Railroad Company which was formerly leased to the Syracuse Street Railroad Company.[2]
References
- ^ a b c d e f g Poor, Henry Varnum. Manual of the railroads of the United States, Volume 27. Poors, 1894 p. 262. Retrieved February 18, 2011.
- ^ a b American street railway investments. The Street Railway Publishing Company, 1899 p. 262. Retrieved February 18, 2011.
- ^ "First Streetcars Operated Here in 1860". Syracuse Herald. Syracuse, New York. December 14, 1922.