Corporate Genealogy
Long Island Railroad

INTRODUCTORY

The carrier is a corporation of the State of New York, having its principal office at New York City. It is controlled by The Pennsylvania Railroad Company through ownership of a majority of its capital stock. On the other hand, the carrier controls, through ownership of a majority of their capital stock, the New York, Brooklyn and Manhattan Beach, the New York and Rockaway Beach, and the North Shore Branch, whose several common-carrier properties it operates.

Such information as is contained herein for the period prior to October 1, 1879, was obtained from the minute records of stockholders and directors and from the published reports of the railroad commissioners of the State of New York, there being no accounting records of the carrier obtainable for that period.

During the period from October 1, 1861, to April 15, 1863, the property owned or leased by the carrier was operated under contract by Josiah A. Shearus, who agreed to maintain the property and pay $11,000 per month rental. On January 1, 1863, the agreed rental was increased to $12,833.33 per month. With the exception of the period above stated the carrier or its receivers have operated the property. The periods of receiverships extended from March 4, 1850, to January 25, 1851, and from October 26, 1877, to October 15, 1881.

CORPORATE HISTORY

The carrier was incorporated on April 24, 1834, by special act of the Legislature of the State of New York. Its organization was perfected on June 17, 1835. During the 81 years of its corporate existence the carrier has acquired by purchase, the rights, franchises and property of 14 corporations, which, in turn, had succeeded 13 others; so that, directly and indirectly, the carrier is the successor to 27 predecessor corporations. 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 sucession. Reference to each of these corporations is made in the last column by its respective number shown in the first column.

No. Name Date of
incorporation
Succession
1 The Long Island Railroad Company Apr. 21, 1834
2 New York and Jamaica Railroad Company Sept. 3, 1859 Acquired by 1 on Apr. 25, 1860.
3 The Hicksville and Cold Spring Branch Railroad Company Nov. 7, 1853 Acquired by 1 in December, 1870.
4 The Central Railroad Company of Long Island Mar. 4, 1871 Sold at foreclosure and portion of property acquired by 1 on Oct. 22, 1879.
5 The Central Railroad Extension Company Apr. 22, 1873 Sold at foreclosure and conveyed to 1 on Feb. 9, 1882
6 Estate of Alexander T. Stewart ---- Sold to 1 on June 1, 1892.
7 The Long Island City and Flushing Railroad Company Mar. 21, 1881 Sold to 1 on Apr. 2, 1889.
8 The Flushing and North Side Railroad Company Apr. 3, 1868 Sold at foreclosure and conveyed to 7 on Apr. 1, 1881.
9 Flushing and Woodside Railroad Company Feb. 24, 1864 Sold to 8 on Feb. 6, 1871
10 The North Shore Railroad Company Sept. 23, 1863 Sold at foreclosure and conveyed to 7 on Apr. 25, 1884.
11 Whitestone and Westchester Railroad Company Nov. 14, 1871 Sold at foreclosure and conveyed to 7 on Apr. 28, 1887.
12 Brooklyn and Montauk Railroad Company Nov. 20, 1879 Sold to 1 on Oct. 5, 1889.
13 The Southern Railroad Company of Long Island Sept. 25, 1874 Sold under 2 separate mortgage foreclosures and conveyed to 12 on Nov. 22, 1879, and Mar. 22, 1880.
14 The South Side Railroad Company of Long Island Mar. 23, 1860 Sold to 13 on Oct. 16, 1874.
15 Far Rockaway Branch Railroad Company of Queens County, New York June 22, 1868 Conveyed to 12 on Dec. 19, 1882.
16 The Rockaway Railway Company Sept. 5, 1871 Merged with 13 on Sept. 14, 1872.
17 The Hunter's Point and South Side Railroad Company Jan. 5, 1870 Merged with 14 on Sept. 14, 1872
18 The New York and Flushing Railroad Company Mar. 23, 1859 Merged with 1 on Apr. 27, 1891.
19 The Flushing Railroad Company Mar. 3, 1852 Sold to 18 on Mar. 24, 1859.
20 The Great Neck and Port Washington Railroad Company Apr. 15, 1896 Sold to 1 on Aug. 29, 1902.
21 The Montauk Extension Railroad Company May 25, 1893 Sold to 1 on Aug. 29, 1902.
22 The New York Bay Extension Railroad Company Jan. 26, 1892 Sold to 1 on Aug. 29, 1902.
23 New York and Long Beach Railroad Company Feb. 3, 1880 Sold to 1 on June 28, 1907.
24 The Jamaica and South Shore Railroad Company Dec. 18, 1903 Sold to 1 on Dec, 6, 1912.
25 New York and Rockaway Railroad Company Dec. 30, 1870 Sold under foreclosure and conveyed to 24 on Dec. 23, 1903.
26 The Oyster Bay Extension Railroad Company Aug. 31, 1886 Acquired by 1 on Apr. 24, 1913.
27 Metropolitan Ferry Company June 4, 1887 Sold to 1 on Mar. 1, 1892.
28 East River Ferry Company May 17, 1860 Acquired by 27 on July 1, 1887.

Each of the above-named predecessor companies was incorporated under the laws of the State of New York.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the carrier, amounting to 323.557 miles, was acquired either by purchasing and merging other railroad properties or by construction. The carrier's records show that it acquired 177.220 miles by purchase and merger and 146.130 by construction, or a total of 323.350 miles. The difference between the mileage inventoried by us and that shown in the carrier's records, 0.207 mile, is due to remeasurements and reclassifications.

Purchase and Merger - Of the 27 corporations that comprise the line of succession culminating in the carrier as at present constituted, 6 corporations did not construct any road or other common-carrier property. These compnaies were:

The property constructed by the remaining corporations, the years when 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 the corporate succession, previously given, the same order of corporations is maintained:

Acquired from New York and Jamaica Railroad Company, construction completed by the carrier after acquisition, in 1861; Long Island City to Jamaica 9.500
Acquired from and constructed by:
     The Hicksville and Cold Spring Branch Railroad Company; Hicksville to Syosset, in 1854 4.200
The Central Railroad Company of Long Island; Floral Park to Creedmore, in 1873 2.020
The Central Railroad Extension Company; Bethpage Junction to Belmont Junction, in 1873 6.850
Estate of Alexander T. Stewart; Floral Park to Bethpage (including branch), in 1872 15.220
Acquired from The Long Island City and Flushing Railroad Company:
Hunter's Point to Great Neck (including branches) 18.92
Less road abandoned   1.40 17.520
     Construction completed by The Flushing and North Side Railroad Company--
     Hunter's Point to Main Street , Flushing, in 1869 * 7.60
Whitestone Junction to Whitestone Depot, in 1871 * 4.20
Constructed by--
Whitestone and Westchester Railroad Company, Whitestone Depot to Whitestone Landing, in 1887 .62
The Central Railroad Company of Long Island, Great Neck Junction to Lawrence Street, Flushing, in 1873 .19
The North Shore Railroad Company; Main Street, Flushing, to Great Neck, in 1889  6.30
Total 18.92
Acquired from Brooklyn and Montauk Railroad Company:
New York and Flushing Junction to Eastport (including branches) 77.82
Less road abandoned  2.07 75.750
Constructed by--
Brooklyn and Montauk Railroad Company; Patchogue to Eastport, in 1881 16.00
The South Side Railroad Company of Long Island--
     Bushwick to Patchogue, in 1869 51.12
Far Rockaway to Rockaway Beach, in 1872
(constructed under charter of The Rockaway Railway Company)
4.00
Far Rockaway Branch Railroad Company of Queens County, New York, Valley Stream to Far Rockaway, 1869 5.20
The Hunter's Point and South Side Railroad Company, Bushwick Junction to New York and Flushing Junction, in 1872   1.50
Total 77.82
Acquired from The New York and Flushing Railroad Company, constructed by, The Flushing Railroad Company, Hunter's Point to New York and Flushing Junction, in 1854 2.400
Acquired from and constructed by--
The Great Neck and Port Washington Railroad Company, Great Neck to Port Washington, in 1898 4.170
The Montauk Extension Railroad Company, Bridgehampton to Montauk, in 1895 21.200
The New York Bay Extension Railroad Company, Country Life Pass to Valley Pass, in 1893 5.890
New York and Long Beach Railroad Company--
Lynnbrook to Long Beach 6.30
Less road abandoned  1.07 5.230
Acquired from The Jamaica and South Shore Railroad Company, constructed by The New York and Rockaway Railroad Company, Rockaway Junction to Springfield Junction, in 1872 3.370
Acquired from The Oyster Bay Extension Railroad Company, constructed by the carrier-- Locust Valley to Oyster Bay, date not of record    3.900
Total acquired by purchase and merger 177.220
*  This property was acquired by The Long Island City and Flushing Railroad Company from The Flushing and North Side Railroad Company, but some portions thereof may have been constructed by The Flushing Railroad Company in 1854 or by Flushing and Woodside Railroad Company in 1868. Back.

Construction -- Information concerning properties acquired by the carrier through construction, including the location, dates of completion of construction, and mileage, is shown in the following tabulation:

Jamaica to Hicksville, in 1837     15.000
Farmingtom to Suffolk, in 1842 11.000
Suffolk to Greenport, in 1844 53.640
Syosset to Northport, in 1867 10.810
Manor to Sag Harbor, in 1870 34.560
Numerous other small branches built at various times 21.120
Total 146.130

LEASED RAILWAY PROPERTY

The carrier uses on date of valuation facilities owned by other companies and other companies use facilities owned by the carrier to the extent indicated in the statement below. The description of the property, the period and terms of use, and the rentals accrued and charged or credited to income for the year ending on date of valuation, are as follows:

Solely owned or controlled, but jointly used, used with--
     Ocean Electric Railroad Company, tracks, 2.35 miles, from Far Rockaway to Hammel; terms not stated $4,296.80
New York Consolidated Railroad Company, tracks, 10.30 miles, from Chestnut Street to Rockaway Park; tenant company's proportion is 5 cents of each through fare; no rental -----
New York and Rockaway Beach, tracks, 7.16 miles, from Long Island City to Glendalle Junction and tracks, 7.12 miles, from Woodhaven Junction to Flatbush Avenue, used under agreement dated Sept. 1, 1887, modified July 1, 1911, and in effect on date of valuation; revenue derived from business passing over lines of both companies is divided on a percentage basis; terminal facilities at Long Island City, Flatbush Avenue, and Pennsylvania Station, New York City; terms not stated 80,693.03
The Pennsylvania Railroad Company, freight station, pier 22, East River, leased by the carrier; terms not stated 18,437.76
Solely used, but not owned, leased from--
New York, Brooklyn and Manhattan Beach, entire property, term 99 years from May 1, 1882, annual rental equal to interest on bonds and 5 per cent on preferred stock 118,800.00
New York, Brooklyn and Manhattan Beach, but owned by the Glendale and East River, entire property, term 99 years from May 1, 1882, annual rental $1 -----
New York and Rockaway Beach, entire property, term 50 years from July 1, 1904, annual rental based on net revenue 414,541.21
North Shore Branch, entire property, term 50 years from July 1, 1904, annual rental equal to interest on funded debt 71,250.00
Nassau Electric Railroad Company, tracks, 9.428 miles, from Flatbush Avenue, Brooklyn, to Jamaica, L. I., term 99 years from June 1, 1877, anual rental $60,000.00 60,000.00
Jointly used, but not owned; owned by the Pennsylvania Railroad Company, tracks, 3.82 miles, from Long Island City to Pennsylvania Station, New York City, together with substation; terms not stated 457,890.55


Original data source: Valuation Reports Vol. 36 pp 47-50, 68-69
Interstate Commerce Commission
Washington, DC
January 1932

Although published in 1932, the report is "...as of date of valuation" which was 30 June, 1916


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