Corporate Genealogy
The Connecting Railway

INTRODUCTORY

The Connecting Railway is a corporation of the State of Pennsylvania, having its principal office at Philadelphia, Pa. It is controlled by the Pennsylvania Railroad through ownership of its entire capital stock. On the other hand, the records do not indicate that this company controls any carrier corporation. The property of the Connecting Railway was operated from the date of its organization, January 1, 1902, to December 31, 1917, by the Pennsylvania Railroad. On January 1,1918, its common carrier property was taken over for operation by the United States Railroad Administration, which operates it on date of valuation.

CORPORATE HISTORY

The Connecting Railway was incorporated January 1, 1902, under the general laws of Pennsylvania, for the purpose of acquiring and consolidating the property, rights and franchises of the Connecting Railway Company, the Philadelphia, Germantown and Chestnut Hill Railroad Company, the Kensington and Tacony Railroad Company, the Bustleton Railroad Company, the Fair Hill Railroad Company, the Engleside Railroad Company, and the Philadelphia, Bustleton and Trenton Railroad Company. Pursuant to the above-mentioned purpose, the Connecting Railway acquired at its organization the property, rights, and franchises of the seven corporations named. The Connecting Railway, itself, and those corporations, together with their predecessors, total 12 different corporations, and comprise the line of corporate succession culminating in the Connecting Railway as at present constituted. The following chart shows the names of the corporations, the respective dates of incorporation and for each predecessor the date of succession, the immediately succeeding corporation and the manner of succession. Reference to each of these corporations is made in the last column by its respective number in the first column.

No. Name Incorporation Succession
1 The Connecting Railway Company Under general laws of Pennsylvania, Jan. 1, 1902
2 Connecting Railway Company Under special act of Pennsylvania, May 15, 1863 Consolidated Jan. 1, 1902, with 3 4 6 8 9 and 10 to form 1.
3 Philadelphia, Germantown and Chestnut Hill Railroad Company Under general laws of Pennsylvania, Jan. 2, 1883 Consolidated Jan. 1, 1902 with 2 4 6 8 9 and 10 to form 1.
4 Kensington and Tacony Railroad Company Under general laws of Pennsylvania, Mar. 26, 1884 Consolidated Jan. 1, 1902 with 2 3 6 8 9 and 10 to form 1.
5 Frankford Creek Railroad Company Under general laws of Pennsylvania, Mar. 17, 1890 Merged Apr. 14, 1891 with 4.
6 Bustleton Railroad Company Under general laws of Pennsylvania, Jan. 12, 1891 Consolidated Jan. 1, 1902 with 2 3 4 8 9 and 10 to form 1.
7 Frankford and Holmesburg Railroad Company Under special act of Pennsylvania, Oct. 12, 1863 Sold at foreclosure Nov. 18, 1890 and reorganized as 6.
8 Fair Hill Railroad Company Under general laws of Pennsylvania, June 13, 1892 Consolidated Jan. 1, 1902 with 2 3 4 6 9 and 10 to form 1.
9 Engelside Railroad Company Under general laws of Pennsylvania, Sept. 22, 1892 Consolidated Jan. 1, 1902 with 2 3 4 6 8 and 10 to form 1.
10 Philadelphia, Bustleton and Trenton Railroad Company Under general laws of Pennsylvania, May 1, 1893 Consolidated Jan. 1, 1902 with 2 3 4 6 8 and 9 to form 1.
11 The Philadelphia and Bustleton Railway Company Under general laws of Pennsylvania, Mar. 17, 1892 Consolidated May 1, 1893 with 12 to form 10.
12 Bustleton and Eastern Railroad Company Under general laws of Pennsylvania, Jan. 27, 1893 Consolidated May 1, 1893 with 11 to form 10

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The mileage owned by the Connecting Railway was all acquired by consolidation. Of the 11 corporations that comprise the line of succession culminating in the Connecting Railway as at present constituted, two corporations did not construct any road. These companies were the Bustleton Railroad Company and Bustleton and Eastern Railroad Company. The property constructed by the remaining corporatons, the years when the various portions of the line were constructed, and the manner in which the Connecting Railway 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 by consolidation: Mileage
From the Connecting Railway Company, constructed by that company, Frankford Junction to Mantua Junction, West Philadelphia, Pa. 1864-1867 6.75
From the Philadelphia, Germantown and Chestnut Hill Railroad Company, constructed by that company--
Germantown Junction to Chestnut Hill, Pa., 1883-1884 6.75
Near Allen Lane Station to near Fort Washington, Pa., 1892-1893 6.27
Near Queen Lane Station, Pa. to Midvale Steel Works, 1892-1893 0.85 13.87
From the Kensington and Tacony Railroad Company --
Constructed by that company--
Along Delaware Avenue, Philadelphia, Pa. 1886-1887 1.65
From a point east of Tioga Street and Delaware Avenue, Philadelphia, to Tacony, Pa. 1891-1892 2.85
Frankford Creek to Frankford Street, Philadelphia, Pa. 1893-1894 1.16
Constructed by the Philadelphia and Trenton Railroad Company, along Tioga Street, Philadelphia, Pa. 1878 1.23
Constructed by the Frankford Creek Railroad Company, near Erie Avenue to Frankford Creek, Philadelphia, Pa. 1889-1890 0.62 6.91
From the Bustleton Railroad Company, constructed by the Frankford and Holmesburg Railroad Company, Holmesburg Junction to Bustleton, Pa., about 1870 4.16
From the Fair Hill Railroad Company, constructed by that company, near North Penn Junction to Cambria Street, Philadelphia, Pa. 1895-1896 0.78
From the Engleside Railroad Company, constructed by that company, near 32nd and Jefferson Streets to near Thompson Street, Philadelphia, Pa. 1892 0.17
From the Philadelphia, Bustleton and Trenton Railroad Company, constructed by that company, including the completion of the portion of the road partly constructed by The Philadelphia and Bustleton Railway Company, near North Penn Junction to Oxford Road, Philadelphia, Pa. 1892-1896 3.55
TOTAL 36.19
Difference between total recorded mileage and mileage inventoried as of date of valuation 0.25
Mileage inventoried as of date of valuation 35.94

INVESTMENTS IN OTHER COMPANIES

The investment of the Connecting Railway in other companies on date of valuation are stated in its records at a book value of $18,000. This amount represents the par value of real estate mortgages which it received in payment for land sold.

LEASED RAILWAY PROPERTY

The entire property of the Connecting Railway is leased to the Pennsylvania Railroad for 999 years under the terms of an agreement dated January 1, 1868, and continued in effect by an agreement dated May, 13, 1902. The terms of the lease and the rental accrued for the year ended December 31, 1917, are given in the chapter on leased railway property of the report on the Pennsylvania Railroad. On January 1, 1918, its common carrier property was taken over for operation by the United States Railroad Administration, which operates in on date of valuation.


Original data source: Valuation Reports Vol. 22 pp 399-401, 412
Interstate Commerce Commission
Washington, DC
January 1929

Although published in 1929, the report is "...as of date of valuation" which was 30 June, 1918


HTML by Robert T. Netzlof 28 March 2001
Content expanded 11 June 2002
Certain typographical errors corrected 1 July 2002
Typographical error corrected 18 January 2008
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