Corporate Genealogy
New York and Long Branch

INTRODUCTORY

The New York and Long Branch is a corporation of the State of New Jersey, having its principal office at Long Branch, N. J. It is controlled, through ownership of its entire outstanding capital stock, by the Central of New Jersey. From the date its property was placed in operation, the property of the New York and Long Branch was operated by the Central of New Jersey, under a lease agreement, until January 2, 1882. From this date it was operated by itself under terms of joint agreements, dated January 3, 1882, and January 2, 1888, between the New York and Long Branch, the Central of New Jersey, the New Jersey Southern Railway Company, and the Pennsylvania Railroad, until December 31, 1917. The rights of the Central of New Jersey under the agreement of January 3, 1882, were exercised by the Philadelphia and Reading as lessee during the period May 29, 1883, to December 31, 1886. On October 16, 1917, the Central of New Jersey succeeded to the rights of the New Jersey Southern. Effective January 1, 1918, the common-carrier property of the New York and Long Branch was taken over for operation by the United States Railroad Administration, which operated it on date of valuation.

CORPORATE HISTORY

The New York and Long Branch was incorporated April 8, 1868, under a special law of New Jersey, with principal office at Long Branch N. J., for the purpose of constructing a railroad. Acts supplementary to the one of incorporation were approved on March 30, 1869, April 1, 1869, February 28, 1871, and April, 1875. 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 shown in the first column.

No. Name Incorporation Succession
1 The New York and Long Branch Railroad Company. Under special act of New Jersey, Apr. 8, 1868.
2 The New Egypt and Farmingdale Railroad Company. Under special acts of New Jersey Mar. 17, 1869, Apr. 5, 1871, Feb. 20, 1872, Mar. 24, 1874. Dec. 20, 1881, merged with 1.
3 The Long Branch and Sea Girt Railroad Company. Under general laws of New Jersey, June 18, 1875 Dec. 20, 1881, merged with 1.
4 The New York and Long Branch Extension Railroad Company. Under general laws of New Jersey, Mar. 10, 1880. Dec. 20, 1881, merged with 1.
5 The Long Branch and Barnegat Bay Railroad Company. Under general laws of New Jersey, Sept. 23, 1880. Dec. 20, 1881, merged with 1.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The New York and Long Branch acquired its railroad property by merger and by construction. The years when the various portions of the line were constructed and the manner in which the New York and Long Branch 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 corporation is maintained:

By merger, Dec. 20, 1881, from and constructed by-- Mileage
     The Long Branch and Barnegat Bay Railroad Company (completed by the New York and Long Branch), Point Pleasant to Bay Head Junction, N. J., 1881 1.000
The New Egypt and Farmingdale Railroad Company, Long Branch to Belmar, N. J. (formerly Ocean Beach), 1876 8.300
The Long Branch and Sea Girt Railroad Company, Belmar to Sea Girt, N. J., 1876 3.500
The New York and Long Branch Extension Railroad Company, Sea Girt to Point Pleasant, N. J., 1880   2.800
Total acquired by merger 15.600
By construction, Perth Amboy to Long Branch, N. J., 1875  22.440
Total 38.040
Difference between recorded mileage and mileage inventoried    1.313
Mileage inventoried as of date of valuation 39.353

TRAFFIC CONNECTIONS

The New York and Long Branch has direct connections with other carriers for the interchange of traffic, as follows:

Connecting point Carrier
Branchport, Long Branch, Matawan, Perth Amboy, and Red Bank Central of New Jersey.
Sea Girt The Freehold and Jamesburg Agricultural Railroad Company.
Bay Head Junction and South Amboy Pennsylvania Railroad.
South Amboy Raritan River Railroad Company.

LEASED RAILWAY PROPERTY

Solely owned and jointly used, used with-- Rental
     The Pennsylvania Railroad and the Central of New Jersey, under an agreement dated Jan. 2, 1888, providing trackage rights over the entire line to these two companies, which furnish the entire train service. The New York and Long Branch retains the earnings from traffic over its road to the extent that it pays the interest on its funded debt, dividends of 7 per cent on its capital stock, and $6,000 yearly for organization expenses. The Central of New Jersey and the Pennsylvania Railroad contribute the deficit or share the surplus, as the case may be, in proportion to the traffic contributed. The income for the use of its railroad property for the year ended Dec. 31, 1917, was recorded as joint-facility rent incomne, including railway tax accruals $103,826.07, interest on funded debt $101,920, dividends on capital stock $140,000, and maintenance of investment organization $6,000, aggregating $351,746.07
The Central of New Jersey--
     Station facilities at Branchport, on basis that the Jersey Central pays the New York and Long Branch $70 per month on salaries of station employees. No rental recorded.
Station facilities at Matawan, on basis that Central of New Jersey pays the New York and Long Branch $90 per month for use. No rental recorded.
Station Facilities at Red Bank, on basis that Central of New Jersey pays the New York and Long Branch $50 per month on employees. No rental recorded.
Chestnut Street crossing protection at Red Bank, on basis that the Central of New Jersey pays the New York and Long Branch $13 per month toward salary of flagman. No rental recorded.
Station facilities at West End, on basis that the Central of New Jersey pays the New York and Long Branch $60 per month toward salaries. No rental recorded.
Brighton Avenue crossing protection at West End, on basis that the Central of New Jersey pays the New York and Long Branch $25 per month toward salary of flagman. No rental recorded.
The Freehold and Jamesburg Agricultural Railroad Company--
Tracks at Sea Girt from center of passenger station northerly for 1,500 feet, on basis of like use of its tracks from same point southerly for 1,500 feet. No rental recorded.
Jointly owned and jointly used, with:
The Central of New Jersey--
Tower and interlocker at Branchport, on basis of ownership, operation, and maintenance, divided 91 per cent to the New York and Long Branch and 9 per cent to the Central of New Jersey. No rental recorded.
Tower and interlocker at Matawan, on basis of ownership, operation, and maintenance, divided 73 per cent to the New York and Long Branch and 27 per cent to the Central of New Jersey. No rental recorded.
Tower and interlocker at Red Bank, on basis of ownership, operation, and maintenance, divided 62 per cent to the New York and Long Branch and 38 per cent to the Central of New Jersey. No rental recorded.
Tower and interlocker at West End, on basis of ownership, operation, and maintenance, divided 30 per cent to the New York and Long Branch and 70 per cent to the Central of New Jersey. No rental recorded.
Pennsylvania Railroad--
Tower and interlocker at Sea Girt, on basis of 50 per cent ownership by each of tower; and interlocker owned on basis of right-of-way line. Operations and maintenance paid in equal parts by users. No rental recorded.
Tower and interlocker at South Amboy, on basis of ownership, operation, and maintenance, divided 55 per cent to the New York and Long Branch and 45 per cent to the Pennsylvania Railroad. No rental recorded.
The Freehold and Jamesburg Agricultural Railroad Company--
Freight and passenger stations at Sea Girt, on basis of 50 per cent ownership by each company. No rental recorded.
Jointly used, but not owned, used with the Freehold and Jamesburg Agricultural Railroad Company; Tracks at Sea Girt from center of passenger station southerly for 1,500 feet, on basis of like use of tracks of the New York and Long Branch from same point northerly for 1,500 feet. No rental recorded.


Original data source: Decisions of the Interstate Commerce Commission Vol. 149 pp 912-914, 921-923
Interstate Commerce Commission
Washington, DC
1929

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


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