Wikipedia:WikiProject Trains/ICC valuations/Central New England Railway

Interstate Commerce Commission, Valuation Reports, Volume 97

Central New England Railway

Location and General Description of Property

The railroad of the Central New England Railway Company, hereinafter called the carrier, is a partly double-track standard-gauge steam railroad located in the States of Connecticut, Massachusetts, and New York. The owned mileage is wholly within the State of New York and extends from Boston Corners to Campbell Hall and Dutchess Junction, from Hopewell Junction to Poughkeepsie Junction, and from State line to Silvernails. It owns terminal properties at Campbell Hall and Poughkeepsie, N.Y., and uses other terminal properties, under lease or rental, at Beacon and Rhinecliff, N.Y.; Danbury and Hartford, Conn.; and Springfield. The terms under which these terminals are used are shown in Appendix 2, under the caption Leased Railway Property.

The carrier wholly owns 135.665 miles of road, all of which it uses. It also wholly uses 159.310 miles of road owned by other carriers, of which 34.984 miles, consisting of main and branch lines between Hopewell Junction, N.Y., and Danbury, Conn., is owned by The New York, New Haven and Hartford Railroad Company. The remaining 124.326 miles of leased line is owned by the Hartford and Connecticut Western Railroad Company, hereinafter called the Hartford and Connecticut Western, and is described in the part of this report devoted to that company.

Mileage owned or used by the carrier, summary

Description	Detail	Road Miles	Second and other main tracks Miles	Yard tracks and sidings Miles	All tracks Miles
Wholly owned and used.		135.665	42.552	99.783	278.000
Used but not owned, leased from.	The Hartford and Connecticut Western.	124.326	.012	26.886	151.224
	The New York, New Haven and Hartford Railroad Company.	34.984	33.403	22.070	90.457
	Total.	159.310	33.415	48.956	241.681
Grand total owned.		135.665	42.552	99.783	278.000
Grand total used.		294.975	75.967	148.739	519.681

Mileage owned or used by the carrier, distributed by states

[State]	[Description]	[Detail]	Road Miles	Second and other main tracks Miles	Yard tracks and sidings Miles	All tracks Miles
New York	Wholly owned and used.		135.665	42.552	99.783	278.000
	Used but not owned, leased from.	The Hartford and Connecticut Western.	41.868	.012	5.310	47.190
		The New York, New Haven and Hartford Railroad Company.	29.903	28.323	20.113	78.339
		Total.	71.771	28.335	25.423	125.529
	Total owned.		135.665	42.552	99.783	278.000
	Total used.		207.436	70.887	125.206	403.529
Connecticut	Used but not owned, leased from.	The Hartford and Connecticut Western.	78.266	......	20.905	99.171
		The New York, New Haven and Hartford Railroad Company.	5.081	5.080	1.957	12.118
		Total.	83.347	5.080	22.862	111.289
Massachusetts	Used but not owned, leased from.	The Hartford and Connecticut Western.	4.192	......	.671	4.863

By means of trackage rights granted to the Hartford and Connecticut Western over the line of the Boston and Albany Railroad Company from Agawam Junction to Springfield, Mass., a distance of about 4 miles, the carrier reaches Springfield. In Appendix 1 will be found a more complete description of the property owned or leased by the carrier.

Corporate History

The carrier was incorporated under the general railroad law of New York on basis of agreement dated June 7, 1907, effective June 25, 1907. Such agreement provided for the consolidation of a predecessor of the carrier of the same corporate name with four other corporations, namely, the Newburgh, Dutchess and Connecticut Railroad Company, the Poughkeepsie Bridge Railroad Company, the Dutchess County Railroad Company and The Poughkeepsie and Eastern Railway Company. Under this consolidation the carrier succeeded to the property, rights, and franchise of its predecessor in name and the four other companies. It adopted the capital stock of its predecessor in name, which had previously been incorporated January 12, 1899, under the stock-corporation law of New York, and the accounts of such predecessor were continued as if for a single continuous corporation.

The Philadelphia, Reading and New England Railroad Company, predecessor of the Central New England Railway Company of 1899, was the final stage of several corporate successors as follows: The Pennsylvania and New England Construction Company was organized to further railroad development east and west of the Hudson River, in connection with the completion of the Poughkeepsie bridge. While the bridge was being completed in 1888, the Philadelphia Air Line Trust succeeded to the interest of the Pennsylvania and New England Construction Company in the plan of development and acquired control of the Hudson Connecting Railroad Company, which had the right to build a railroad from the west end of the bridge to Campbell Hall, N.Y., and of The Poughkeepsie and Connecticut Railroad Company, which had the right to build from the east end of the bridge to Silvernails, N.Y. Under this control these two roads were built and consolidated in 1889 as the Central New England and Western Railroad Company. When the Philadelphia Air Line Trust was dissolved in March, 1889, the control of this consolidated road passed to the Delaware and New England Company, a holding corporation, which controlled The Poughkeepsie Bridge Company, also. In 1892, following failure of both the Central New England and Western Railroad Company and The Poughkeepsie Bridge Company to pay their bond interest, a reorganization of the two was effected as the Philadelphia, Reading and New England Railroad Company.

On April 13, 1908, the property of The East Granby and Suffield Railroad Company, which had been incorporated in Connecticut on August 21, 1901, was acquired by the carrier and the corporation was dissolved.

The preceding incorporated companies, together with their successive relations, are shown in the following schedule:

No.	Corporation	Incorporated	Demise	Succession
1.	Carrier.	June 25, 1907, in New York.
2.	Central New England Railway Company of 1899.	Jan. 12, 1899, in New York.	June 7, 1907	Consolidated with 9, 12, 13, 14, to form 1.
3.	Philadelphia, Reading and New England Railroad Company.	July 28, 1892, in New York.	Jan. 13, 1899	Sold to 2.
4.	Central New England and Western Railroad Company.	July 23, 1889, in New York.	July 28, 1892	Consolidated with 7, to form 3.
5.	Hudson Connecting Railroad Company.	Jan. 29, 1887, in New York.	July 23, 1889	Consolidated with 6, to form 4.
6.	The Poughkeepsie and Connecticut Railroad Company.	Sept. 14, 1888, in New York.	July 23, 1889	Consolidated with 5, to form 4.
7.	Poughkeepsie Bridge and Railroad Company.	July 14, 1882[sic - 1892], in New York.	July 28, 1892	Consolidated with 4, to form 3.
8.	Poughkeepsie Bridge Company.	May 10, 1871, in New York.	July 14, 1892	Sold to 7.
9.	Newburgh, Dutchess and Connecticut Railroad Company.	Jan. 15, 1877, in New York.	June 7, 1907	Consolidated with 2, 12, 13, 14, to form 1.
10.	New York, Boston and Montreal Railroad[sic] Company.	Jan. 21, 1873, in New York.	May 16, 1877 Feb. 20, 1890	Sold to 9. Do.
11.	Dutchess and Columbia Railroad Company.	May 1, 1866,in [sic]		Succeeded by 10.
12.	Poughkeepsie Bridge Railroad Company.	June 5, 1888, in New York.	June 7, 1907	Consolidated with 2, 9, 13, 14, to form 1.
13.	Dutchess County Railroad Company.	April 21, 1890, in New York.	June 7, 1907	Consolidated with 2, 9, 12, 14, to form 1.
14.	The Poughkeepsie and Eastern Railway Company.	April 13, 1893, in New York.	June 7, 1907	Consolidated with 2, 9, 12, 13, to form 1.
15.	The New York and Massachusetts Railway Company.	Jan. 22, 1887, in New York.	Mar. 2, 1893	Sold to Russell Sage who Apr. 13, 1893, deeded to 14.
16.	Poughkeepsie, Hartford and Boston Railroad Company.	May 15, 1875, in New York.	Jan. 22, 1887	Sold to 15.
17.	Poughkeepsie and Eastern Railroad Company.	Apr. 13, 1866, in New York.	May 15, 1875	Sold to 16.
18.	The East Granby and Suffield Railroad Company.	Aug. 12, 1901, in Connecticut.	Apr. 13, 1908	Deeded to 1.
19.	Hartford and Connecticut Western.	Mar. 31, 1881, in Connecticut.		Leased to the carrier.
20.	Rhinebeck and Connecticut Railroad Company.	June 29, 1870, in New York.	June 16, 1882	Deeded to 19.
21.	Connecticut Western Railroad Company.	June 26, 1868, in Connecticut.	Apr. 1, 1881	Sold to 19.

The Dutchess and Columbia Railroad Company consolidated with the Putnam and Dutchess Railroad Company and the New York and Boston Railroad Company to form the New York, Boston and Northern Railroad[sic] Company, which latter company consolidated with the Hudson[sic] Extension Railroad Company to form the New York, Boston and Montreal Railroad[sic] Company. The obtainable records do not show that these corporations, although a part of the corporate succession, contributed anything to the corporate development of the existing company or to the growth of its physical property. They, therefore, are given no place in this report.

Development of Fixed Physical Property

The following tabulation shows the elements of trackage that go to make up the mileage of road owned by the carrier on date of valuation.

• By consolidation, 157.85 miles:
  • From the Central New England Railroad[sic] Company of 1899, 57.60 miles.
    • Constructed by The Poughkeepsie Bridge Company—
      • Bridge and Loyd to Bridge east end, N.Y., 1888, 4.60 miles.
    • Constructed by The Poughkeepsie and Connecticut Railroad Company—
      • Poughkeepsie to Silvernails, N.Y., 1889, 25.00 miles.
      • Bridge east end to Poughkeepsie, N.Y., 1889, 2.00 miles.
    • Constructed by the Hudson Connecting Railroad Company—
      • Loyd to Campbell Hall, N Y., 1889, 26.00 miles.
  • From the Newburgh, Dutchess and Connecticut Railroad Company, 56.84 miles.
    • Constructed by the Dutchess and Columbia Railroad Company—
      • Dutchess Junction, N.Y., to Connecticut State line, 1870, 56.84 miles.
  • From the Dutchess County Railroad Company, 12.40 miles.
    • Constructed by the Dutchess County Railroad Company—
      • Poughkeepsie to Hopewell, N.Y., 1892, 12.40 miles.
  • From The Poughkeepsie and Eastern Railway Company, 35.00 miles.
    • Constructed by The Poughkeepsie and Eastern Railroad Company—
      • Poughkeepsie to Stissing, N.Y., 1872, 21.00 miles.
      • Pine Plains to Boston Corners, N.Y., 1872, 14.00 miles.
      • Boston Corners, N.Y., to Connecticut line, 1872 (6 miles sold to the Hartford and Connecticut Western)
• By construction, 7.98 miles:
  • Constructed by the carrier, 3.99 miles.
    • Various small additions, 1908, 1.49 miles.
    • Poughkeepsie & Eastern Junction to State Hospital, N.Y., 1916, 1.36 miles.
    • Hospital branch, N.Y., 1916, 1.14 miles.
• Road abandoned, 25.73 miles.
  • West Salt Point to West Pine Plains, N.Y., 1910, 15.90 miles.
  • Poughkeepsie & Eastern Junction to Vassar coal trestle, N.Y., 1911, 1.39 miles.
  • Poughkeepsie Junction to Salt Point, N.Y., 1914, 7.41 miles.
  • Wicopee Junction to Dutchess Junction, N.Y., 1916, 1.03 miles.
• Loss in remeasurement, 4.435 miles.

Mileage as measured by our engineers, 135.665 miles.

The carrier in 1902 acquired 4 miles of road from The East Granby and Suffield Railroad Company which it abandoned, removing the rails.

This statement does not include 0.769 mile of yard tracks in which the carrier has joint ownership with the New York, Ontario and Western Railroad Company. The carrier maintains station and other joint facilities and participates in the use of like facilities maintained by other companies. These facilities are more fully discussed under the caption Leased Railway Property.

Predecessor Companies

Hartford and Connecticut Western

The Hartford and Connecticut Western was operated under lease successively since August, 1889, by the Central New England and Western Railroad Company, the Philadelphia, Reading, and New England Railroad Company, and the carrier.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The following tabulation shows the elements of trackage that go to make up the mileage of road owned by the Hartford and Connecticut Western on date of valuation.

Acquired by purchase after foreclosure:

From the Connecticut Western Railroad Company 69

Constructed by the Connecticut Western Railroad Company, Hartford, Conn., to State Line, N. Y., 1881 69

From the Rhinebeck and Connecticut Railroad Company 35

Constructed by the Rhinebeck and Connecticut Railroad Company, Rhinecliff to Boston Corners, N. Y., 1882 35

From the Poughkeepsie, Hartford and Boston Railroad Company 6

Constructed by the Poughkeepsie, Hartford and Boston Railroad Company, Boston Corners to State Line, N. Y., 1884 6

Acquired by construction:

Constructed by the Hartford and Connecticut Western 14

Tariffville, Conn., to Agawam, Mass., 1902 14

Total 124

Gain in remeasurement .326

Mileage as measured by commission's engineers 124.326