The Rocky Hill Railroad is a corporation of the State of New Jersey, having its principal office at Camden, N.J. No accounting records of the Rocky Hill Railroad covering the period from the date of its organization to May 1, 1906, were obtained. Therefore, only partial information can be given from the accounting records regarding its financial dealings, corporate operations, or investments. The accounting data in this report were obtained from records that cover the period from May 1, 1906 to date of valuation.
The Rocky Hill Railroad is controlled by the Pennsylvania Railroad by virtue of control of The United New Jersey Railroad and Canal Company, the company that owns a majority of the capital stock of the Rocky Hill Railroad. On the other hand, the records do not indicate that this company controls any common-carrier corporation.
The property of the Rocky Hill Railroad has been operated during its corporate life as indicated below:
|By own organization||From about 1864 to May 31, 1870|
|By The Camden and Amboy Rail Road and Transportation Company||From June 1, 1870. to June 30, 1871|
|By Pennsylvania Railroad||From July 1, 1871 to Dec. 31, 1917|
On January 1, 1918 the common-carrier property of the Rocky Hill Railroad was taken over for operation by the United States Railroad Administration as part of the operating system of the Pennsylvania Railroad and it is so operated on the date of valuation.
The Rocky Hill Railroad was originally incorporated February 17, 1853, and the charter was revived March 22, 1860, under special acts of the State of New Jersey, for the purpose of constructing and operating a railroad from Rocky Hill to Plainsboro, N.J. The date of organization of the Rocky Hill Railroad was May 17, 1864.
The owned mileage of the Rocky Hill Railroad, extending from Kingston to Rocky Hill, N.J., 2.357 miles, was all acquired by construction and was completed and placed in operation about 1864. The records reviewed do not indicate whether this property was constructed under contract or by company forces.
The property of the Rocky Hill Railroad was solely operated by The Camden and Amboy Rail Road and Transportation Company under lease, from June 1, 1870, to June 30, 1871. From that date to December 31, 1917, it was operated by the Pennsylvania Railroad under lease. On January 1, 1918, the common-carrier property of the Rocky Hill Railroad was taken over for operation by the United States Railroad Administration as part of the operating system of the Pennsylvania Railroad, and it is so operated on date of valuation. Details with respect to the operation of this property are given under leased railway property in the report on the Pennsylvania Railroad.
|Original data source:||Valuation Reports Vol. 22 pg 511, 513|
Interstate Commerce Commission
Although published in 1929, the report is "...as of date of valuation" which was 30 June, 1918