1 history 1.1 philadelphia buffalo interchange 1.2 penn yan , new york railroad 1.3 operations 1.4 financial 1.5 company management 1.6 leased lines 1.7 new york central railroad history the syracuse, geneva , corning railway company chartered on august 27, 1875, , opened business on december 10, 1877. leased , operated fall brook coal company @ rental rate of 88.5 percent of gross receipts period of 20 years. philadelphia buffalo interchange on february 4, 1882, syracuse, geneva , corning railway signed 900-year contract new york central , hudson river railroad along corning cowanesque , antrim railway, fall brook coal company, jersey shore, pine creek , buffalo railway company, philadelphia , reading railroad company , philadelphia , reading coal , iron company, providing interchange of through , local traffic , formation through line between philadelphia, pennsylvania , buffalo, new york. penn yan , new york railroad on october 1, 1885, company consolidated without change of name pe...