The Philadelphia and Beach Haven, hereinafter called the carrier, is a corporation of the State of New Jersey, controlled by the Pennsylvania Railroad Company. It owns and operates a single-track-standard gauge steam railroad extending from Manahawken, N. J., to Beach Haven, N. J., a distance of 12.130 miles. In addition it owns 2.513 miles of yard tracks and sidings and leases 0.677 mile of main track to the Barnegat Railroad Company.
The carrier was incorporated January 13, 1894, under the general laws of New Jersey through filing with the secretary of state its certificate of organization dated December 29, 1893. The purpose for which the carrier was incorporated was to own, maintain, and operate that portion of the Long Beach Railroad Company, extending from Manahawken to Beach Haven, via Barnegat City Junction, together with the franchises pertaining thereto. The date of organization was December 29, 1893.
The road owned on date of valuation had been acquired by the carrier through purchase from Samuel Rea, by deed dated December 29, 1893, being a portion of the railroad owned by the Long Beach Railroad Company.
The carrier leases to the Barnegat Railroad Company, terminable on 30 days' written notice, at a rental of $1 per annum, that portion of its road extending from Barnegat City Junction to a point of connection with the line of the Barnegat Railroad Company.
|Original data source:||Decisions of the Interstate Commerce Commission Vol. 106 pp 629, 631, 637-638|
Interstate Commerce Commission
Although published in 1926, the report is "...as of date of valuation" which was 30 June, 1916