Corporate Genealogy
Cherry Tree and Dixonville

INTRODUCTORY

The Cherry Tree and Dixonville is a corporation of the State of Pennsylvania, having its principal office in Philadelphia, Pa. It is controlled by the Pennsylvania Railroad and the New York Central Railroad through ownership by each of one-half of the outstanding capital stock. The records do not indicate that this company controls any common-carrier corporation. The property was operated by the Pennsylvania Railroad from December 1, 1904, to February 20, 1905, and from the latter date to date of valuation by its own organization. The Pennsylvania Railroad and the New York Central Railroad are each granted trackage rights over the entire property under terms of an agreement between the above-mentioned companies and the Cherry Tree and Dixonville, dated February 15, 1905, and supplemental agreement dated August 1, 1916.

CORPORATE HISTORY

The Cherry Tree and Dixonville was incorporated May 22, 1903, under the general laws of Pennsylvania, and by letters patent dated June 2, 1903, for the purpose of building a railroad from a connection with the Cambria and Clearfield railroad, in the borough of Cherry Tree, to a point near Dixonville, Pa. The articles of association, dated May 21, 1903, provided the initial organization.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the Cherry Tree and Dixonville was acquired by construction. It was completed and opened for operations in sections as follows:

      Mileage
Main line:
Cherry Tree to Possum Glory, December 1904 13.090
Possum Glory to Idamar, December, 1906   8.450
Total main line 21.540
Branch lines:
Shanktown branch, December, 1904 0.920
Possum Glory branch, August, 1905 9.030
Long Run branch, April, 1906 0.710
Buck Run branch, May, 1906 1.780
Rodkey branch, July, 1906 0.410
Western branch, October, 1906 1.290
Price Run branch, October, 1906 0.490
Sample Run branch, October, 1906 0.930
Loop Cut-off, February, 1910   1.250
Total branch lines  16.810
Total mileage constructed 38.350
Difference between recorded mileage and mileage inventoried   0.083
Mileage inventoried as of date of valuation 38.433

TRAFFIC CONNECTIONS

The Cherry Tree and Dixonville has connections with the New York Central Railroad and the Pennsylvania Railroad at Cherry Tree, Pa., and with the road of the Cambria and Indiana Railroad Company at Manver, Pa.

LEASED RAILWAY PROPERTY

The Pennsylvania Railroad and the New York Central Railroad have trackage rights over the entire property of the Cherry Tree and Dixonville under an agreement dated February 15, 1905, and a supplemental agreement between the above named companies dated August 1, 1916. The costs of maintenance, operation, and taxes are paid by the tenant companies on a basis of use. The interest on its debt and a dividend of 4 per cent per annum are paid by the tenant companies, one-half each.

The Cambria and Indiana Railroad Company and the Cherry Tree and Dixonville exchange the use of station and other facilities at Manver, Pa., each paying one-half of the cost of maintenance and operation of the facilities so used and each paying to the other one-half of 5 per cent per annum on the agreed cost of the facilities as rent. The property of the Cambria and Indiana so used is agreed to be of the value of $49,492.45, and that of the Cherry Tree and Dixonville, $4,050.20.


Original data source: Valuation Reports Vol. 23 pp 4-5, 8-9
Interstate Commerce Commission
Washington, DC
January 1929

Although published in 1929, the report is "...as of date of valuation" which was 30 June, 1917


HTML by Robert T. Netzlof 5 April 2001
Content expanded 19 July 2002
Valuation date corrected 7 July 2005
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