Wikipedia:WikiProject Trains/ICC valuations/Greene Railroad

Interstate Commerce Commission, Valuation Reports, Volume 39

Greene Railroad

Location and General Description of Property

The railroad of the Greene Railroad Company, hereinafter called the Greene Railroad, is a single-track line located within the State of New York and extending from Chenango Forks to Greene, a distance of 8.100 miles.

Introductory

The Greene Railroad is a corporation of the State of New York, having its principal office at New York, N. Y. The accounting records of this company do not include the results of its corporate operations. The records examined do not indicate that the company is controlled by any individual or corporation, nor, on the other hand, that it controls any common-carrier corporation. The property of the Greene Railroad has been operated by the Lackawanna from the date placed in operation, November, 1870, to December 31, 1917. From that date to date of valuation it has been operated by the United States Railroad Administration as a part of the operating unit of the Lackawanna.

Corporate History

The Greene Railroad was incorporated October 18, 1869, under the general laws of the State of New York for the purpose of constructing a railroad from a point on the Syracuse, Binghamton and New York Railroad, in the town of Barker, to the village of Greene, N. Y., about 8 miles.

Development of Fixed Physical Property

The owned mileage of the Greene Railroad, extending from Chenango Forks to Greene, N. Y., 8.10 miles, was acquired by construction. The road was built by the Lackawanna for account of the Greene Railroad. Construction began in April, 1870, and was completed in December, 1871.

Leased Railway Property

The entire property of the Greene Railroad is leased to the Lackawanna in perpetuity from April 26, 1870. The terms of the lease and the rental accruing for the year ending December 31, 1917, are given in the chapter on leased railway property of the report on the Lackawanna.