Wikipedia:WikiProject Trains/ICC valuations/New York, Ontario and Western Railway

Interstate Commerce Commission, Valuation Reports, Volume 25

New York, Ontario and Western Railway

Location and General Description of Property

The railroad of New York, Ontario and Western Railway Company, herein called the carrier, is a partly double-track, standard-gauge, steam railroad, located in the central and southeastern portions of New York. The main stem extends from Oswego to Cornwall, N.Y., 321 miles, and provides a route between Lake Ontario and the Atlantic Ocean, via the Hudson River. The carrier owns wharves and tracks at Weehawken, N.J. These are connected with the main line of the carrier by means of trackage rights over about 53 miles of the West Shore Railroad Company, a lessor company of The New York Central Railroad Company. The carrier also operates a water-line service, consisting of the towage of its own and foreign floating equipment, between Cornwall, N.Y., Weehawken, N.J., Boston, Mass., and points near those places.

Corporate History

The carrier was incorporated on January 21, 1880, under the general laws of New York relating to the reorganization of railroads sold under mortgage, and is a reorganization of the New York and Oswego Midland Railroad Company [apparently incorporated January 11, 1866], which had been sold under foreclosure proceedings on November 14, 1879. While the records indicate that the carrier obtained possession of the property on January 21, 1880, it did not begin operations until February 1, 1880. Its principal office is located in New York City. Control of the carrier is vested in the New York, New Haven and Hartford Railroad Company, through ownership of a majority of the capital stock. The detailed facts as to the development of fixed physical property are given in Appendix 2.

Development of Fixed Physical Property

The property owned by the carrier on date of valuation was acquired as follows:

• Road purchased from the New York and Oswego Midland Railroad Company, Jan. 1, 1880, 295.060 miles.:
  • Middletown to Oswego, N.Y., 248.410 miles.
  • Summitville to Ellenville, N.Y., 7.368 miles.
  • Walton to Delhi, N.Y., 16.868 miles.
  • New Berlin Junction to New Berlin, N.Y. 22.416 miles.
• Road constructed, Middletown to Cornwall, N.Y. 26.000 miles.

Grand total, 321.060 miles.