Corporate Genealogy
Perth Amboy and Woodbridge

INTRODUCTORY

The Perth Amboy and Woodbridge is a corporation of the State of New Jersey, having its principal office at Camden, N.J. Although the Perth Amboy and Woodbridge did not acquire title to its original property until January 27, 1891, the company commenced recording the results of operations of the property in its books on January 1, 1891. The accounting data in this report, therefore, cover the period from January 1, 1891.

The United States Railroad Administration did not maintain separate accounting records covering the operation of the property of the Perth Amboy and Woodbridge. The results from the operation of this property are included in the accounts covering the operation of the property of the Pennsylvania Railroad. Therefore, nothing can be given from the accounts of the railroad administration relative to its operation of this property during the period January 1, 1918, to date of valuation.

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

The property was operated from January 1, 1891, to December 31, 1917, by the Pennsylvania Railroad under an agency agreement dated June 26, 1889. On January 1, 1918, its common-carrier property, with that of the Pennsylvania Railroad, was taken over for operation by the railroad administration, which still operates it at date of valuation.

CORPORATE HISTORY

The Perth Amboy and Woodbridge was organized and incorporated January 27, 1891, under general laws of the State of New Jersey, through articles of consolidation, dated December 1890, filed January 27, 1891, for the purpose of acquiring the property, rights, and franchises of The Perth Amboy Railroad Company and The Perth Amboy and Long Branch Railroad Company, which was done.

The Perth Amboy and Woodbridge Railroad Company was incorporated March 9, 1855, under special act of the State of New Jersey, and the Perth Amboy and Long Branch was incorporated August 25, 1890, under the general laws of the State of New Jersey.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage, 6.326 miles, was acquired by consolidation from The Perth Amboy and Woodbridge Railroad Company. It was constructed by that company during the period from about 1863 to about October 1864. The Perth Amboy and Long Branch did not construct any road. There is a difference of 0.004 mile between the mileage, 6.33 miles, recorded by the company , and the mileage, 6.326 miles, inventoried as of date of valuation.

TRAFFIC CONNECTIONS

The Perth Amboy and Woodbridge has connections for interchange of traffic with the roads of The Central Railroad Company of New Jersey at Woodbridge, The New York and Long Branch Railroad Company (The Central Railroad of New Jersey, lessee) at Perth Amboy, and The United New Jersey Railroad and Canal Company (Pennsylvania Railroad, lessee) at Perth Amboy Junction.

INVESTMENTS IN OTHER COMPANIES

The investments of the Perth Amboy and Woodbridge in the securities of others on date of valuation are stated in its records at a total book value of $14,408.30, representing $15,000 par value of United States Government bonds acquired for $14,408.30 cash.

LEASED RAILWAY PROPERTY

The property of the Perth Amboy and Woodbridge was operated by the Pennsylvania Railroad, as agent for the owners, from January 1, 1891, to December 31, 1917, under an agreement dated June 26, 1889, on a basis of the net earnings from the operation of the property. On January 1, 1918, the common-carrier property was taken over for operation by the United States Railroad Administration, which still operates it on date of valuation. During this period, the Perth Amboy and Woodbridge has accrued rental from lease of road amounting to $38,705.17.

The Perth Amboy and Woodbridge jointly used on December 31, 1917, with the Central of New Jersey, about 1.70 miles of tracks extending from Woodbridge Junction to Perth Amboy, N. J., which that company leases from The New York and Long Branch Railroad company. The rental accrued and charged to income for the use of this property for the year ended December 31, 1917, was $8,450.07. This arrangement has been continued by the railroad adminstration during the period January 1, 1918, to date of valuation.


Original data source: Valuation Reports Vol. 22 pp 864-866, 873
Interstate Commerce Commission
Washington, DC
January 1929

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


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