Wikipedia:WikiProject Trains/ICC valuations/Erie Railroad

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The Erie itself and those corporations, together with their predecessors, total 18 different corporations, of which two underwent a change of name,


No. Name Incorporation Succession
1 Erie Railroad Company. Under general laws of New York, Nov. 14, 1895.
2 The New York, Lake Erie and Western Railroad Company. Under general laws of New York, Apr. 27, 1878. Sold at foreclosure Nov. 6, 1895, after receivership begun July 25, 1893, and reorganized Nov. 14, 1895, as 1.
3 Erie Railway Company. Under general laws of New York, June 25, 1861. [?] and reorganized Apr. 27, 1878, as 2.
4 The New-York and Erie Rail Road Company. Under special act of New York, Apr. 24, 1832. Sold at foreclosure Jan. 28, 1861, after receivership begun in 1859. Acquired Dec. 28, 1861, by 3.
5 The Buffalo Branch of The Erie Railway Company. Under general laws of New York, June 13, 1861. Merged Dec. 12, 1862, into 3.
6 The Buffalo and New York City Railroad Company. See 7. Sold at foreclosure in two sections. The first section on Dec. [?] 1856, and the second on Mar. 21, 1861. The first section acquired Oct 29, 1857, by 13; second section acquired July 1, 1861, by 5.
7 The Attica and Hornellsville Railroad Company. Under special act of New York, May 14, 1845. Name changed to 6 on Apr. 18, 1851.
8 Newburgh and New York Railway Company. Under general laws of New York, Feb. 10, 1865. Merged Nov. 2, 1895, into 2.
9 The Buffalo and South Western Rail Road Company. Under general laws of New York, Dec. 11, 1877. Merged Nov. 19, 1895, into 1.
10 The Buffalo and Jamestown Railroad Company. Under general laws of New York, Mar. 23, 1872. Sold at foreclosure, Sept. 11, 1877, and acquired Dec. 12, 1877, by 9.
11 Erie International Railway Company. Under general laws of New York, Aug. 21, 1872. Merged Nov. 30, 1895, into 1.
12 The Lockport and Buffalo Rail Way Company. Under general laws of New York, Aug. 30, 1871. Do.
13 The Buffalo, New York and Erie Railroad Company. Under general laws of New York, Oct. 20, 1857. Merged Apr. 11, 1896, into 1.
14 Buffalo, Corning and New York Railroad Company. See 15. Sold at foreclosure in May, 1857, and acquired Oct. 28, 1857, by 13.
15 Buffalo and Cohocton Valley Rail Way Company. Under general laws of New York, July 26, 1850. Name changed to 14 on Apr. 9, 1852.
16 The Suspension Bridge and Erie Junction Railroad Company. Under general laws of New York, Oct. 16, 1868. Merged Apr. 11, 1896, into 1.
17 The Union Steamboat Company. Under general laws of New York, Feb. 4, 1869. Merged July 7, 1896, into 1.
18 Erie and Jersey Railroad Company. Under general laws of New York, June 5, 1905. Merged Feb. 26, 1915, into 1.
19 Suffern Railroad Company. Under general laws of New York, Feb. 8, 1907. Merged June 26, 1907, into 18.
20 Genesee River Railroad Company. Under general laws of New York, Aug. 23, 1905. Merged Mar. 12, 1915, into 1.
DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the Erie, amounting to 871.354 miles, was acquired partly by purchase and partly by merger. Of the 17 corporations that comprise the line of succession culminating in the Erie as at present constituted, six corporations did not construct any miles of road. These companies were The New York, Lake Erie and Western Railroad Company; Erie Railway Company; The Buffalo branch of The Erie Railway Company; The Buffalo and South Western Rail Road Company; The Buffalo, New York and Erie Railroad Company; Suffern Railroad Company.

The data with respect to the miles of road constructed by the remaining corporations, together with that purchased by one of the predecessors from The Buffalo and Rochester Railroad Company, the years when the various portions of the line were constructed, and the manner in which the Erie acquired the property are indicated in the following table, wherein, to facilitate comparison with the table showing the corporate succession, previously given, the same order of corporations is maintained.

Acquired through a reorganization committee:

From The New York, Lake Erie and Western Railroad Company, Nov. 14, 1895—
Constructed by The New York and Erie Railroad Company—
Piermont to Dunkirk, N. Y., 1835-1851 447.828
Greycourt to Newburgh, N. Y., 1845-1850 19.098
Constructed by The Buffalo and New York City Railroad Cmpany[sic]—
Hornellsville to Attica, N. Y., 1852-1854 62.281
Constructed by the Newburgh and New York Railway Company—
Newburgh Junction to Vail's Gate, N. Y., 1869 12.933
542.140

Acquired by merger:

From The Buffalo and South Western Rail Road Company. Nov. 19, 1895—
Constructed by The Buffalo and Jamestown Railroad Company—
Buffalo to Jamestown, N. Y., 1872-1877 67.188
From the Erie International Railway Company, Nov. 30, 1895, constructed by that company—
International Junction to International Bridge, N. Y., 1872-1874 4.310
From the Lockport and Buffalo Rail Way Company, Nov. 30, 1895, constructed by that company—
Lockport to North Tonawanda, N. Y., prior to July, 1880, exact date not known 14.552
From The Buffalo, New York and Erie Railroad Company, Apr. 11, 1896—
Constructed by The Buffalo and New York City Railroad Company—
Cheektowaga to Buffalo, N. Y., 1852-1854 8.242
Lake Line Branch, Buffalo, N. Y., 1852-1854 1.620
Railroad from Attica to Cheektowaga, N. Y., acquired by The Buffalo and New York City Railroad Company in 1852 from The Buffalo and Rochester Railroad Company 23.000
Constructed by the Buffalo, Corning and New York Railroad Company, Attica, via Avon, to Painted Post, N. Y., about 1854 109.114
141.976
From The Suspension Bridge and Erie Junction Railroad Company, Apr. 11, 1896, constructed by that company—
East Buffalo to Suspension Bridge, N. Y., 1868-1870 23.762
North Tonawanda Dock line branch, 1868-1870 2.053
25.815
From the Erie and Jersey Railroad Company, Feb. 26, 1915, constructed by that company—
Highland Mills to Graham, N. Y., 1906-1909 38.879
From the Genesee River Railroad Company, Mar. 12, 1915, constructed by that company—
Hunts to Cuba Junction, N. Y., 1905-1910 33.212

Total 868.072

Difference between total recorded mileage and mileage inventoried as of date of valuation 3.282

Mileage inventoried as of date of valuation 871.364

HISTORY OF CORPORATE FINANCING