History Syracuse, Geneva and Corning Railway

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 penn yan , new york railroad company. main line ran corning, new york geneva, new york, distance of 57.76 miles (92.96 km) , dresden branch ran penn yan dresden, total distance of 6.43 miles (10.35 km).

operations

by december 1888, rolling stock consisted of 60 locomotive engines, 24 passenger cars, 8 baggage , mail cars, 2,272 freight including box, stock, platform , coal cars. additionally, 39 caboose cars , 171 miscellaneous cars.

financial

capital stock outstanding december 31, 1888, $1,325,000. same year 138,088 passengers traveled on road total distance of 116,960 miles (188,230 km) , freight shipped distance of 534,996 miles (860,993 km). net earnings $189,905 outstanding capital stock of $1,325,000 funded debt on 30-year $1,000 bonds due on march 1, 1909. treasurer s address grand central depot in new york city.

company management

by december 1888, company directors george j. magee, john lang, daniel beach, abram s. stothoff, of watkins, new york, , austin lathrop of corning, new york, edwin d. worcester, dwight w. pardee, chauncey m. depew, charles c. clarke, e. v. w. rossiter, samuel f. barger, isaac p. chambers, of new york city , james tillinghast of buffalo, new york.

george j. magee president, john lang vice-president, e. d. worcester treasurer , daniel beach secretary. principal office , main address in watkins, new york, , transfer office in corning, new york.

leased lines

on may 12, 1892, new lease corning cowanesque , antrim railway company became operative , remained in force until may 1, 1899, when, under terms of agreement dated april 11, 1899, lease of 1892 cancelled, , property leased new york central , hudson river railroad company may 1, 1899, term of corporate existence, consideration being cash rental of $46,375 per annum, , interest upon outstanding bonds , obligations.

new york central railroad

in 1909, company merged geneva, corning , southern railroad , once again in 1914 new york central railroad (nycrr).