The New York Bay Railroad is a corporation of the State of New Jersey, having its principal office at Camden, N.J. Although a portion of the property of the New York Bay Railroad was opened for operation in 1890, it did not commence recording the results of the operations of its property in its books until January 1, 1896. Therefore, only partial information can be given from its accounts regarding its corporate operations.
The New York Bay Railroad is controlled by the Pennsylvania Railroad through ownership of the entire outstanding capital stock. On the other hand, the records do not indicate that this company controls any common-carrier corporation.
The property of the New York Bay Railroad was operated by the Pennsylvania Railroad on a rental basis from the date the first section was placed in operation, March 15, 1890, to July 1, 1908. From that date to December 31, 1917, it was used by the Pennsylvania Railroad under trackage right agreement. On January 1, 1918, the common-carrier property of the New York Bay Railroad was taken over for operation by the United States Railroad Administration as a part of the operating system of the Pennsylvania Railroad and it is so operated on date of valuation.
The New York Bay Railroad was incorporated under the general laws of the State of New Jersey through articles of consolidation, dated January 30, 1890, filed March 15, 1890, for the purpose of consolidating the property, rights, and franchises of the Waverly and New York Bay Railroad Company and The Waverly and Passaic Railroad Company, which was done. The two railroad corporations named comprise the line of corporate succession culminating in the New York Bay Railroad as at present constituted. The Waverly and New York Bay Railroad Company and The Waverly and Passaic Railroad Company were incorporated under the general laws of the State of New Jersey, February 8, 1889, and February 11, 1889, respectively.
The owned mileage of the New York Bay Railroad, 12.942 miles, was all acquired partly by consolidation and partly by construction. The years when the various portions of the line were constructed are indicated in the following statement:
|The Central Railroad Company of New Jersey crossing to Greenville, N.J., 1901-1904||4.46|
|Newark to Kearney Junction, N.J. February, 1900, to November, 1901||0.24|
|Lister Branch, August 1892, to July, 1893||0.70|
|Newark Bay Branch, September 1892||0.16|
|Newark, N.J., May, 1916||0.27|
|Constructed partly by the Waverly and New York Bay, 1889-1890, and completed by the New York Bay Railroad, Waverly, N.J., to the Central of New Jersey crossing, about September, 1890||2.20|
|Constructed partly by the Waverly and Passaic, 1890, and completed by the New York Bay Railroad:|
|Waverly to Newark, N.J., completed about September, 1892||4.12|
|West Newark, N.J., branch, completed February, 1892||2.05|
|Less mileage abandoned, revised, or remeasured:|
|Revision or remeasurement||0.40||1.26|
|Difference between recorded mileage and mileage inventoried||0.002|
|Mileage inventoried as of date of valuation||12.942|
It is not known whether the construction work of the New York Bay Railroad was performed by company forces or by contract.
The common-carrier property of the New York Bay Railroad was taken over for operation by the United States Railroad Administration on January 1, 1918, as part of the operating system of the Pennsylvania Railroad, and it is so operated on date of valuation. From July 1, 1908, to December 31. 1917, the Pennsylvania Railroad used under trackage rights the entire road of the New York Bay Railroad. Further details with respect to the operation of the property of the New York Bat Railroad are given under leased railway property in the report on the Pennsylvania Railroad.
|Original data source:||Valuation Reports Vol. 22 pp 466-467, 474-475|
Interstate Commerce Commission
Although published in 1929, the report is "...as of date of valuation" which was 30 June, 1918