The carrier is a corporation of the State of New Jersey, having its principal office at Camden, N. J. It is controlled by the Pennsylvania Railroad Company through ownership of a majority of the capital stock. On the other hand, the records do not indicate the the carrier itself controls any other common-carrier corporations. The property of the carrier has been operated by its own organization during its entire life.
The carrier was incorporated April 1, 1899, under the general laws of the State of New Jersey, for the purpose of acquiring the property, rights, and franchises of The Camden and Philadelphia Steam Boat Ferry Company and the West Jersey Ferry Company. Pursuant to the above purpose, the carrier acquired at its organization the property, rights, and franchises of the two water-line corporations named. The following table shows the names of the corporations, the respective dates of incorporation, and, for each predecessor the date 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.
|1. Philadelphia and Camden Ferry Company.||Under general laws of New Jersey, April 1, 1899.|
|2. The Camden and Philadelphia Steam Boat Ferry Company.||Under special act of New Jersey, March 5, 1836.||Combined April 1, 1899, with 3 to form 1.|
|3. The West Jersey Ferry Company.||Under special act of New Jersey, January 31, 1849.||Combined April 1, 1899, with 2 to form 1.|
The property of the carrier was acquired by the consolidation of The Camden and Philadelphia Steam Boat Ferry Company and the West Jersey Ferry Company on April 1, 1899, and by subsequent additions and betterments.
|Original data source:||Decisions of the Interstate Commerce Commission Vol. 110 pp 811-812, 819|
Interstate Commerce Commission
Although published in 1926, the report is "...as of date of valuation" which was 30 June, 1916