Corporate Genealogy
United New Jersey Railroad

INTRODUCTORY

The United New Jersey Railroad is a corporation of the State of New Jersey, having its principal office at Trenton, N.J. No accounting records of this company were obtained for the period subsequent to December 31, 1911, and the records obtained for the period prior to that date are incomplete and fragmentary. Although the agreement of consolidation, under which the United New Jersey Railroad acquired title to its original property was not filed until May 18, 1872, the accounting records of the company were opened December 31, 1871. The accounting data in this report, therefore, are those afforded by the records that cover the period from December 31, 1871, to December 31, 1911. However, certain data indicated hereinafter, for the period January 1, 1912, to date of valuation, were obtained from reports filed by the company with us and from statements furnished by the Pennsylvania Railroad.

The records reviewed do not indicate that the United New Jersey Railroad is controlled by any individual or corporation. On the other hand, it controls through ownership of a majority of capital stock, the Belvidere Delaware, the Freehold and Jamesburg, the Philadelphia and Trenton and the Rocky Hill Railroad, whose several common-carrier properties were operated by the Pennsylvania Railroad, under agency or lease agreements, when the property of the latter company was taken over for operation by the United States Railroad Administration, as stated below. The property of this company was operated from May 18, 1872, the date it acquired its original road, to December 31, 1917, by the Pennsylvania under lease agreement. On January 1, 1918, the common-carrier property of the company was taken over for operation by the United States Railroad Administration as a part of the system of the Pennsylvania Railroad, and it is so operated on date of valuation.

CORPORATE HISTORY

The United New Jersey Railroad was incorporated under special acts of the State of New Jersey, February 27, 1867, and March 14, 1872, authorizing the filing of articles of consolidation, which was done May 18, 1872, for the purpose of consolidating the property, rights, and franchises of The Camden and Amboy Rail Road and Transportation Company, The Delaware and Raritan Canal Company and The New Jersey Rail Road and Transportation Company. Pursuant to the above purpose, the United New Jersey Railroad acquired the property, rights, and franchises of the two railroad corporations and of the canal corporation named. The United New Jersey Railroad itself, and those corporations total four different corporations and comprise the line of corporate succession culminatig in the United New Jersey Railroad as at present constituted. 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 column.

No. Name Incorporation Succession
1 The United New Jersey Railroad and Canal Company Under special acts of New Jersey Feb. 27, 1867 and Mar. 14, 1872, and through articles of consolidation dated Apr. 26, 1872; filed May 18, 1872  
2 The Camden and Amboy Rail Road and Transportation Company Under special act of New Jersey, Feb. 4, 1830 Consolidated May 18, 1872 with 3 and 4 to form 1
3 The Delaware and Raritan Canal Company Under special act of New Jersey, Feb. 4, 1830 Consolidated May 18, 1872 with 2 and 4 to form 1
4 The New Jersey Rail Road and Transportation Company Under special act of New Jersey Mar. 7, 1832 Consolidated May 18, 1872 with 3 and 3 to form 1

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the United New Jersey Railroad, amounting to 161.790 miles, was acquired by it as indicated hereunder:

By construction8.89
By consolidation138.19
By purchase13.20
160.28
Mileage reclassified or remeasured, unassignable3.07
TOTAL163.35
Difference between mileage recorded and mileage inventoried1.560
Mileage inventoried as of date of valuation161.790

Part of the property acquired by purchase was bought from the Freehold & Jamesburg, part from the Millstone and New Brunswick Railroad Company and part from Newark Factory Sites, Incorporated, without acquiring the corporate rights and franchises of those companies. Of the three corporations that comprise the line of succession culminating in the United New Jersey Railroad as at present constituted, one corporation, The Delaware and Raritan Canal Company, did not construct any railroad, but did construct approximately 44 miles of canal, and approximately 22 miles of canal feeder. The property constructed by the remaining corporations, by the three companies whose corporate rights and franchises were not acquired, and by the United New Jersey Railroad itself, the years when the various portions of the line were constructed, and the manner in which the United New Jersey Railroad acquired the property are indicated in the following table, wherein, to facilitate comparison with the table showing corporate succession, previously given, the same order of corporations is maintained.

Acquired by construction:
     South Elizabeth to Rahway, N.J., 1910-1915 5.09
Trenton to Milham Junction, N.J., 1876 2.00
Meadows Branch, 1917-1918 1.80 8.89
Acquired by consolidation:
From the Camden and Amboy Rail Road and Transportation Company, May 18, 1872, constructed by that company--
     South Amboy to Camden, N.J., 1830-1834 61.22
New Brunswick to Trenton, N.J., 1837-1839 23.00
Trenton to Bordentown, N.J., 1837-1838 6.08
Princeton Branch,1864-1865 3.06
Kingston Branch, 1866 4.31
Florence Branch, 1871-1872 2.04 99.71
From The New Jersey Railroad and Transportation Company, May 18, 1872, constructed by that company:
Jersey City to Rahway, N.J., 1832-1836 18.75
Rahway to point near New Brunswick, N.J.,1835-1839 15.10
Harsimus Branch, 1868 1.47
Bonhampton Branch, 1859-1860 1.82
Centre Street Branch, 1870 1.34 38.48
Acquired by direct purchase:
From the Freehold and Jamesburg, July 29, 1874, Jamesburg to Monmouth Junction, N.J. (no data were obtained regarding construction) 5.65
From the Newark Factory Sites, Incorporated, Oct. 15, 1917, Meadows Branch No. 2 (no data were obtained regarding construction) 0.96
Acquired by purchase at foreclosure:
From the Millstone and New Brunswick Railroad Company, Apr. 21, 1915, constructed by that company, New Brunswick to East Millstone, N.J., 1854 6.59
160.28
Mileage reclassified or remeasured, unassignable to mileage acquired by construction, consolidation, or purchase 3.07
Total recorded mileage owned on date of valuation 163.35

It is not known whether the construction work of the United New Jersey Railroad was performed by the company's forces or by contract.

INVESTMENTS IN OTHER COMPANIES

The investments of the United New Jersey Railroad in other companies on December 31, 1917, as reported to this commission were stated at a book value of $4,121,319.40. A statement of the several investments as of December 31, 1917, with their respective par and book values, follows:

Stocks: Par value Book value
     Affiliated carrier corporations--
     Belvidere Delaware 1,008,400.00 1,008,400.00
Freehold & Jamesburg 159,900.00 159,900.00
Philadelphia and Trenton 765,000.00 1,080,000.00
Rocky Hill Railroad    26,900.00    26,900.00
Total  1,960,200.00  2,275,200.00
Affiliated noncarrier corporations--
Associates of the Jersey Company 100,000.00 620,609.35
Trenton Delaware Bridge Company   70,000.00   70,000.00
Total  170,000.00  690,609.35
Other stocks:
Mercer and Somerset Railway Company 250,000.00 250,000.00
Camden and Pemberton Railroad Company 8,000.00 8,000.00
Frankford and Holmesburg Railroad Company 21,950.00 21,950.00
Newark and Irvington Horse Car Railroad Company 8,650.00 8,650.00
Mount Holly Telegraph Company 2,250.00 15,000.00
Newark Turnpike Company ------ 5,000.00
The Patterson and Ramapo Railroad Company 7,500.00 6,825.00
Philadelphia and Camden Ferry Company 175,300.00 175,308.00
Camden and Burlington County Railway Company 200,300.00 196,946.25
Perth Amboy and Woodbridge 30,000.00 30,000.00
Pennsylvania Railroad Company    64,800.00    69,370.56
Total   768,750.00   787,019.81
Total stocks 2,898,950.00 3,752,829.81
Bonds of affiliated carrier corporations, the Freehold & Jamesburg    85,000.00    85,000.00
Advances to affiliated carrier corporations:
Flemington Railroad Company 228,490.24 228,490.24
Mercer and Somerset Railway Company    55,000.00    55,000.00
Total advances    283,490.24    283,490.24
Grand total 3,267,440.24 4,121,319.40

LEASED RAILWAY PROPERTY

The property of the United New Jersey Railroad was solely operated by the Pennsylvania Railroad, as hereinbefore explained, from the date of acquirement thereof to December, 31, 1917, under lease agreement. From January 1, 1918, to date of valuation the common-carrier property of the United New Jersey railroad has been operated by the United States Railroad Administration as a part of the system of the Pennsylvania railroad. Details with respect to the operation of the property are given in the chapter on leased railway property in the report on the Pennsylvania Railroad.


Original data source: Valuation Reports Vol. 22 pp 534-536, 547-548
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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