Corporate Genealogy
Pennsylvania and Atlantic

INTRODUCTORY

The Pennsylvania and Atlantic is a corporation of the State of New Jersey, having its principal office at Kinkora, N.J. The accounts of the Pennsylvania and Atlantic do not include an income account.

The Pennsylvania and Atlantic is controlled by the Pennsylvania Railroad through ownership of a majority of capital stock. The records do not indicate that this company controls any common-carrier corporation.

The property, with exception of the portion extending from Pemberton to Hightstown, N.J., was operated by the Pennsylvania Railroad under lease from February 25, 1915, to December 31, 1917. On January 1, 1918, the common-carrier property [...] was taken over for operation by the United States Railroad Administration as a part of the system of the Pennsylvania Railroad, and is so operated on date of valuation. The portion of the road extending from Pemberton to Hightstown, N.J., has been operated by The Union Transportation Company [1], under lease, from February 25, 1915, to date of valuation.

CORPORATE HISTORY

The Pennsylvania and Atlantic was incorporated February 25, 1915, under the general laws of the State of New Jersey, through filing articles of consolidation dated December 21, 1914, for the purpose of consolidating the property, rights, and franchises of The Pemberton and Hightstown Railroad Company, the Philadelphia and Long Branch Railroad Company, and the Kinkora and New Lisbon Railroad Company. Pursuant to this purpose, the Pennsylvania and Atlantic acquired at its organization the property, rights, and franchises of the three railroad corporations named. The Pennsylvania and Atlantic and those corporations, together with their predecessors, total nine different corporations, of which one underwent a change of name, and comprise the line of corporate succession culminating in the present company.

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 coulmn.

No. Name Incorporation Succession
1 Pennsylvania and Atlantic Under general laws of New Jersey, through articles of consolidation; dated Dec. 21, 1914; filed Feb. 25, 1915.
2 The Pemberton and Hightstown Railroad Company Under special act of New Jersey, Mar. 24, 1864. Consolidated Feb. 25, 1915, with 3 and 8, to form 1.
3 Philadelphia and Long Branch Railroad Company Under general laws of New Jersey, through articles of consolidation; dated Oct. 13, 1883; filed Nov. 3, 1883. Consolidated Feb. 25, 1915, with 2 and 8, to form 1.
4 Pemberton and Sea Shore Railroad Company Under general laws of New Jersey, Sept. 25, 1879. Consolidated Nov. 3, 1883, with 6, to form 3.
5 Pemberton and New York Railroad Company Under special act of New Jersey, Feb. 3, 1870. Sold at foreclosure Mar. 31, 1879, to interests which conveyed property to 4, Dec. 18, 1879.
6 The Philadelphia and Long Branch Railway Company. Under general laws of New Jersey, Sept. 24, 1880. Consolidated Nov. 3, 1883, with 4, to form 3.
7 The Island Heights Railroad Company Under general laws of New Jersey, Oct. 13, 1883. Acquired by 3, under so-called consolidation and merger agreement dated June 19, 1885, filed June 26, 1885.
8 Kinkora and New Lisbon Railroad Company Under general laws of New Jersey, Apr. 27, 1903. Cosolidated Feb. 25, 1915, with 2 and 3 to form 1.
9 The Columbus, Kinkora and Springfield Railroad Company See 10 Sold at foreclosure Oct. 19, 1901, and conveyed May 20, 1902, to interests which reconveyed the property Jan. 15, 1903, to other interests which reorganized Apr. 27, 1903, as 8 and conveyed the property to the reorganized company by deed dated Mar. 28, 1903.
10 The Columbus and Kinkora Railroad Company Under special act of New Jersey, Apr. 2, 1866. Name changed to 9, Feb. 16, 1870.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage, 83.688 miles, was all acquired by consolidation. Of the eight corporations that comprise the line of succession culminating in the Pennsylvania and Atlantic as at present constituted, two corporations did not construct any road or other common-carrier property. These companies were the Pemberton and Sea Shore Railroad Company and the Kinkora and New Lisbon Railroad Company. The property constructed by the remaining corporations, the years when the various portions of the line were constructed, and the manner in which the Pennsylvania and Atlantic 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 construction:
      From The Pemberton and Hightstown Railroad Company, Feb. 25, 1915, constructed by that company, Pemberton to Hightstown, N.J., 1867-1868       24.37
From the Philadelphia and Long Branch Railroad Company, Feb. 25, 1915--
      Constructed by that company, Browns Mills Junction to Browns Mills, N.J., 1890 1.82
Constructed by the Pemberton and New York Railroad Company, Pemberton Junction to Whitings, N.J., 1870-1871 18.08
Constructed by The Philadelphia and Long Branch Railway Company, Bay Head to Whitings, N.J., 1881 27.77
Constructed by The Island Heights Railroad Company, Island Heights Junction to Island Heights, N.J., 1883-1884 1.16
      ------
48.83
Less remeasurement by The Philadelphia and Long Branch Railroad Company 0.09 48.74
From the Kinkora and New Lisbon Railroad Company, Feb. 25, 1915--
Constructed by The Columbus, Kinkora and Springfield Railroad Company, Kinkora to New Lisbon, N.J., 1871-1872
Less mileage abandoned, remeasured, or adjusted by the Kinkora and New Lisbon Railroad Company--
Abandoned, Lewiston to New Lisbon, N.J. 3.32
Remeasurement or adjustment .33
------
3.65 10.51
TOTAL 83.62
Difference between recorded mileage and mileage inventoried 0.068
Mileage inventoried as of date of valuation 83.688

TRAFFIC CONNECTIONS

The Pennsylvania and Atlantic has connections with other carriers, as follows:

 
Carrier
 
 
Connecting points
 
Camden and Burlington County Railway Company (Pennsylvania Railroad, Lessee). Birmingham and Pemberton, N. J.
The Central Railroad Company of New Jersey Whitings and Beechwood, N. J.
The New York and Long Branch Railroad Company Bay Head, N. J.
The Tuckerton Railroad Company Whitings, N. J.
The United New Jersey Railroad and Canal Company (Pennsylvania Railroad, lessee). Hightstown and Kinkora, N. J.

LEASED RAILWAY PROPERTY

The entire property of the Pennsylvania and Atlantic, with exception of the portion extending from Pemberton to Hightstown, N. J., is leased to the Pennsylvania Railroad for an indefinite period from February 25, 1915, subject to 60 days' written notice, and was operated by that company from February 25, 1915, to December 31, 1917. The lease provides that during its continuance the Pennsylvania Railroad shall receive all revenues and income from the property and that it shall pay the entire cost of maintenance and operation, all taxes and assessments and all interest on any bonds or other obligations of the Pennsylvania and Atlantic.

On January 1, 1918, the portion of the road that was then operated by the Pennsylvania Railroad was taken over for operation by the United States Railroad Administration as part of the operating system of the Pennsylvania Railroad and is so operated on date of valuation.

The portion of the Pennsylvania and Atlantic's road extending from Pemberton to Hightstown, N. J., about 24.416 miles, is leased to the Union Transportation Company for an indefinite period from July 31, 1888, subject to six months' notice. The lease dated July 31, 1888, as amended, stipulates that the lessee shall pay all expense of operation and maintenance, including taxes, plus a payment of $500 per annum. The Pennsylvania and Atlantic assigned to the Pennsylvania Railroad under the terms of the lease effective February 25, 1915, all benefits and rental accruing from the operation of this property by The Union Transportation Company.

During the period that the Pennsylvania Railroad operated a portion of the property of the Pennsylvania and Atlantic, that company had trackage rights over about 2.59 miles of the portion of the road that is leased to The Union Transportation Company. This arrangement has been continued by the railroad administration during the period January 1, 1918, to date of valuation.


From valuation report on Union Transportation Company
Decisions of the ICC Vol. 133, page 730

The carrier was incorporated July 17, 1888, under the general laws of New Jersey, for the purpose of leasing and operating a portion of the road now owned by the Pennsylvania and Atlantic. Pursuant to this purpose the carrier leased the line between Pemberton and Hightstown, N. J., on July 31, 1888. Back


Original data source: Valuation Reports Vol. 23 pp 89-91, 96-97
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 4 March 2001
Typographical error corrected 1 July 2002
Information on Union Transportation Co. added 8 July 2002
Content expanded 19 July 2002
Typographical error corrected 18 January 2008
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