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

Interstate Commerce Commission of the United States, Valuation Reports, Volume 23

Western New York and Pennsylvania Railway

Location and General Description of Property

The railroad of the Western New York and Pennsylvania Railway Company, hereinafter called the Western New York and Pennsylvania, is a standard-gauge, steam railroad, located in New York and Pennsylvania. The railroad is single track with the exception of 73.572 miles of second main track, and consists of two main lines and various branches. One main line extends southeasterly from Buffalo, N. Y., through Olean, N. Y., to Emporium Junction, Pa.; and the other extends southwesterly from Buffalo, N. Y., through Dunkirk, N. Y., to Oil City, Pa. The principal branches extend from Hinsdale to Rochester, N. Y.; Olean, N. Y., to Warren, Pa.; Oil City to Irvington, Pa.; and Larbee to Clermont, Pa., with an isolated branch from Stoneboro to Mahoningtown, Pa. Other short branches project from the main lines or principal branches to various points. The company owns 586.145 miles of first main track, 73.425 miles of second main track and 389.475 miles of yard tracks and sidings. Its road thus embraces 1,049.045 miles of all tracks wholly owned but not used. In addition, the company jointly owns with other carriers 0.149 mile of first main track, 0.147 mile of second main track and 0.140 mile of yard tracks and sidings, all of which is undivided.

The entire mileage of the Western New York and Pennsylvania is leased to the Pennsylvania Railroad and the portion used by it forms an important part of that carrier's Allegheny and Buffalo divisions. The isolated section of road extending from Stoneboro to Mahoningtown, Pa., including a branch from Leesburg to Redmond, Pa., aggregating 51.492 miles of road, was subleased to and operated by the Pennsylvania Company, as a part of the Western Lines of the Pennsylvania system, from 1900 to December 31, 1917, and we have so reported such mileage in our valuation report on the Pennsylvania Company as of June 30, 1916, its date of valuation. The Pennsylvania Company assigned its leases of the Western Lines, including this 51.492 miles of road, to the Pennsylvania Railroad on January 1, 1918, making the latter company the operating company for the entire Pennsylvania system on June 30, 1918. In order to avoid duplication in our valuation reports, we have omitted the Western Lines from our valuation report on the Pennsylvania Railroad as of June 30, 1918, its date of valuation, and in this report dealing with the Western New York and Pennsylvania we are classifying the 51.492 miles of road as subleased to and operated by the Pennsylvania Company. This discrepancy will be removed when we adjust final values to later dates in accordance with the requirements of the Valuation Act.

Economic Conditions Relating to Traffic

The products of this locality are diversified, consisting chiefly of petroleum, glass, and clay products, fruit, dairy-farm products, and fabricated steel and iron. A great portion of the tonnage moving over this road consists of through shipments of ore, lumber, and grain from the Great Lakes ports to points on the lines of the operating carriers.

Physical Characteristics of Road

The grading is medium, averaging about 32,000 cubic yards per mile, of which about 5 per cent is classified as solid rock, 4 per cent loose rock, and 3 per cent slag used in embankment. Bridges generally are of the steel-truss and plate-girder type. Short spans are mostly concrete arch or reinforced concrete slab. The most important structures on the road are the following crossings: Buffalo River at Buffalo, N. Y., 281 feet long, consisting of a through-plate girder with rolling-lift draw; Silver Creek near Dunkirk, N. Y., 1,743 feet long, consisting of short deck-plate girder spans; four through-plate girder bridges across Oil Creek at Oil City, Pa.; the Alleghany Bridge at Alleghany, Pa., consisting of three 143-foot through trusses; and the Kinzua Bridge near Kinzua, Pa., consisting of three 155-foot through trusses.

The crossties are mostly oak with some chestnut, pine, and treated. The rail in the main track is chiefly new 85, 86.5, and 101.5, with some 125-pound. The main tracks are ballasted principally with gravel, cinders and slag.

At Buffalo, N.Y., and large towns, grade crossings are generally eliminated by costly overgrade or undergrade crossings.

The freight and passenger stations are chiefly of frame construction and conventional design, except at the more important cities or towns where modern structures of brick have been erected. The most costly building is the Louisiana Street freight station at Buffalo, N. Y.

The principal shops on this road are located at Olean, N. Y. The buildings are of frame and brick construction and are modern in design.

There is a large ore dock, together with other facilities, at South Buffalo, N.Y., used in handling shipments on Lake Erie. The structures are of timber and concrete.

Introductory

The Western New York and Pennsylvania is a corporation of the States of New York and Pennsylvania, having its principal office in Philadelphia, Pa. The immediate predecessors of the Western New York and Pennsylvania were the Western New York Railway Company and the Northwestern Pennsylvania Railway Company, which companies had acquired the portions of the Western New York and Pennsylvania Railroad Company located in New York and in Pennsylvania, respectively. Neither of these two companies had any financial transactions nor did they keep any accounting records. During their short corporate existence their property was operated by the receiver for the Western New York and Pennsylvania Railroad Company and the results of such operations were continued in the books of that company. For the purposes of this report the Western New York and Pennsylvania has been treated as a reorganization of the Western New York and Pennsylvania Railroad Company and the two intermediate companies have been ignored.

This company is controlled by the Pennsylvania Railroad, through ownership of a majority of capital stock. The Western New York and Pennsylvania controls, through ownership of the entire capital stock, the Bradford Railroad Company.

The property of the Western New York and Pennsylvania was operated by its own organization from April 1, 1895, to July 31, 1900; from the latter date to December 31, 1917, it was operated by the Pennsylvania Railroad with the exception of approximately 51 miles of road which was operated by the Pennsylvania Company from August 1, 1900, to December 31, 1917. On January 1, 1918, all of its common-carrier property was taken over for operation by the United States Railroad Administration which operated it on date of valuation.

Corporate History

The Western New York and Pennsylvania was incorporated in accordance with agreement dated March 1, 1895, and March 18, 1895, under the general laws of New York and Pennsylvania, respectively, for the purpose of acquiring by consolidation the property, rights, and franchises of the Western New York Railway Company, and the Northwestern Pennsylvania Railway Company. Pursuant to the above purpose, the Western New York and Pennsylvania acquired at its organization the property, rights, and franchises of the two companies named, and subsequently acquired the property, rights, and franchises of six other corporations. The Western New York and Pennsylvania itself and those corporations, together with their predecessors, total 55 different corporations, of which 6 underwent a change of name, and comprise the line of corporate succession culminating in the Western New York and Pennsylvania as at present constituted. The following chart shows the names of the corporations, the respective dates of incorporation, and for each predecessor the date of succession, the immediately succeeding corporation and the manner of succession. Reference to each of these corporations is made in the last column by its respective number shown in the first column.

Corporations and predecessors of Western New York and Pennsylvania

No.	Name	Incorporation	Succession
1	Western New York and Pennsylvania Railway Company.	Under general laws of New York and Pennsylvania through articles of consolidation, dated Mar. 1, 1895; filed in New York and Pennsylvania Mar. 18, 1895.
2	Western New York Railway Company.	Under general laws of New York, Feb. 28, 1895.	Consolidated Mar. 18, 1895, with 3, to form 1.
3	Northwestern Pennsylvania Railway Company.	Under general laws of Pennsylvania, Mar. 18, 1895.	Consolidated Mar. 18, 1895, with 2, to form 1.
4	Western New York and Pennsylvania Railroad Company.	Under general laws of New York and Pennsylvania through articles of consolidation dated Oct. 20, 1887; filed In New York Nov. 23, 1887; Pennsylvania Nov. 28, 1887.	Sold at foreclosure Feb. 5, 1895, after receivership begun Apr. 1, 1893. Reorganized in New York Feb. 25, 1895, as 2; in Pennsylvania Feb. 25, 1895, as 3.
5	Western New York and Pennsylvania Railway Company of Pennsylvania.	Under general laws of Pennsylvania, Nov. 3, 1887.	Consolidated Nov. 28, 1887, with 6, to form 4.
6	Western New York and Pennsylvania Railway Company of New York.	Under general laws of New York, Oct, 12, 1887.	Consolidated Nov. 28, 1887, with 5, to form 4.
7	The Buffalo, New York and Philadelphia Railroad Company.	Under general laws of New York and Pennsylvania through articles of consolidation dated Dec. 30, 1882; filed in New York and Pennsylvania Feb. 14, 1883.	Sold at foreclosure Sept. 10 and 15, 1887, after receivership begun May 20, 1885. Reorganized in New York Oct. 12, 1887, as 6; in Pennsylvania Nov. 3, 1887, as 5.
8	Buffalo, New York and Philadelphia Railway Company.	See 9.	Consolidated Feb. 14, 1883, with 14, 38, and 39, to form 7.
9	The Buffalo and Washington Railway Company (of 1866).	Under special acts and general laws of New York and Pennsylvania through articles of consolidation dated Aug. 8, 1866; filed in New York Sept. 29, 1866; Pennsylvania Oct. 3, 1866.	Name changed to 8 on Apr. 12, 1871.
10	Sinnemahoning Portage Railroad Company.	Under special act of Pennsylvania Feb. 8, 1865.	Consolidated Oct. 3, 1866, with 11, to form 9.
11	The Buffalo and Washington Railway Company (of 18S5).	Under general laws of New York through articles of consolidation, dated July 10, 1965[sic - 1865]; filed Dec. 11, 1865.	Consolidated Oct. 3, 1866, with 10, to form 9.
12	Buffalo and Allegany Valley Rail Road Company.	Under general laws of New York May 30, 1853.	Consolidated Dec. 11, 1865, with 13, to form 11.
13	The Buffalo and Washington Rail Road Company.	Under general laws of New York Feb. 7, 1865.	Consolidated Dec. 11, 1865, with 12, to form 11.
14	The Buffalo, Pittsburgh and Western Railroad Company.	Under general laws of Pennsylvania and New York through articles of consolidation dated Dec. 18, 1880; filed in Pennsylvania and New York, Jan. 22, 1881.	Consolidated Feb. 14, 1883, with 8, 38, and 39, to form 7.
15	The Pittsburgh, Titusville & Buffalo Railway Company.	Under general laws of Pennsylvania, Feb. 8, 1876.	Consolidated Jan. 22, 1881, with 33, 34, 35, and 36, to form 14.
16	The Oil Creek and Allegheny River Railway Company.	See 17.	Sold at foreclosure Dec. 29, 1875, and acquired Feb. 8, 1876, by 15.
17	The Warren and Franklin Railway Company (of 1888).	See 18.	Name changed to 16, Feb. 26, 1868.
18	Warren and Franklin Railway Company.	See 19.	Name changed to 17, Jan. 8, 1868.
19	Warren and Tidioute Railroad Company.	Under special act of Pennsylvania, Apr. 17, 1861.	Name changed to 18, Mar. 31, 1864.
20	Oil Creek Railroad Company.	Under special act of Pennsylvania, Apr. 2, 1860.	Merged Feb. 26, 1868, with 16.
21	Farmers' Railroad Company.	Under special act of Pennsylvania, Apr. 10, 1862.	Merged Jan. 8, 1868, with 16.
22	The Union and Titusville Rail Road Company.	Under general laws of Pennsylvania, July 22, 1870.	Merged Dec 27, 1871, with 16.
23	Union and Titusville Railroad Company.	See 24.	Sold at foreclosure Aug. 4, 1869, and acquired July 22, 1870, by 22.
24	Oil Creek Lake and Titusville Mining and Transportation Company.	Under special act of Pennsylvania. Apr. 4, 1865.	Name changed to 23, May 1, 1866.
25	The Reno, Oil Creek and Pithole Railway Company.	See 26.	Sold at foreclosure Oct. 15, 1867, and acquired Oct. 27, 1868, by 16.
26	Mill Creek Railroad Company.	Under special act of Pennsylvania, Mar. 23, 1865.	Name changed to 25 Nov. 4, 1865.
27	The Buffalo, Chautauqua Lake and Pittsburgh Railway Company.	Under general laws of Pennsylvania and New York through articles of consolidation, dated Apr. 29, 1879; filed in Pennsylvania. May 2, 1879, in New York, May 3, 1879.	Merged Feb. 17, 1880, with 15.
28	The Dunkirk, Chautauqua Lake and Pittsburgh Railroad Company.	Under general laws of New York, Apr. 26, 1879.	Consolidated May 3, 1879, with 29, to form 27.
29	The Corry and State Line Railroad Company.	Under general laws of Pennsylvania, Apr. 26, 1879.	Consolidated May 3, 1879, with 28, to form 27.
30	The Buffalo, Corry and Pittsburgh Rail Road Company.	Under general laws of Pennsylvania and special act of New York, Apr. 24, 1867.	Sold at foreclosure Dec. 7, 1872. Reorganized in Pennsylvania Apr. 28, 1879, as 29. Reorganized in New York Apr. 28, 1879, as 28.
31	Cross Cut Railroad Company.	Under special act of Pennsylvania, May 3, 1864.	Consolidated Oct. 18, 1867, with 32, to form 30.
32	The Buffalo and Oil Creek Cross Cut Rail Road Company.	Under general laws of New York, July 19, 1865.	Consolidated Oct. 18, 1867, with 31, to form 30.
33	The Buffalo, Pittsburgh and Western Railway Company.	Under general laws of New York. Sept. 29, 1880.	Consolidated Jan. 22, 1881, with 15, 34, 35, and 36, to form 14.
34	The Salamanca, Bradford and Allegheny River Railroad Company.	Under general laws of Pennsylvania, Dec. 8, 1880.	Consolidated Jan. 22, 1881, with 15, 33, 35, and 36, to form 14.
35	The Salamanca, Bradford and Allegheny River Railroad Company of New York.	Under general laws of New York, Dec. 11, 1880.	Consolidated Jan. 22, 1881, with 15, 33, 34, and 36, to form 14.
36	Titusville and Oil City Railway Company.	Under general laws of Pennsylvania, Dec. 23, 1878.	Consolidated Jan. 22, 1881, with 15, 33, 34, and 35, to form 14.
37	Titusville & Petroleum Centre Railroad Company.	Under general laws of Pennsylvania, Sept. 20, 1870.	Sold under court decree Oct. 19, 1878, and reorganized Dec. 23, 1878, as 38.
38	The Olean and Salamanca Railroad Company.	Under general laws of New York, Oct. 21, 1882.	Consolidated Feb. 1, 1883, with 8, 14, and 39, to form 7.
39	The Oil City and Chicago Railroad Company (of April, 1882).	Under general laws of Pennsylvania through articles of consolidation, dated Mar. 28, 1882; filed Apr. 22, 1882.	Consolidated Oct. 20, 1882, with 8, 14, and 38, to form 7.
40	The New Castle, Plain Grove and Butler Railroad Company.	Under general laws of Pennsylvania, Sept. 9, 1882.	Merged Oct. 20, 1882, with 39.
41	The Oil City and Chicago Railroad Company (of March, 1882).	Under general laws of Pennsylvania, Mar. 10, 1882.	Consolidated Apr. 22, 1882, with 42, to form 39.
42	The New Castle and Oil City Railroad Company.	Under general laws of Pennsylvania, May 28, 1881.	Consolidated Apr. 22, 1882, with 41, to form 39.
43	New Castle and Franklin Railroad Company.	Under special act of Pennsylvania, Mar. 25, 1864.	Sold at foreclosure Apr. 13, 1881, after receivership begun July 1, 1880. Reorganized May 28, 1881, as 42.
44	The Rochester, New York and Pennsylvania Railroad Company (of July, 1881).	Under general laws of New York through articles of consolidation, dated Feb. 15, 1881; filed July 11, 1881.	Merged Feb. 28, 1916, with 1.
45	The Rochester, New York and Pennsylvania Railroad Company (of February, 1881).	Under general laws of New York, Feb. 14, 1881.	Consolidated July 11, 1881, with 46, to form 44.
46	Rochester, Nunda & Pittsburgh Railroad Company.	Under general laws of New York, June 27, 1877.	Consolidated July 11, 1881, with 45, to form 44.
47	The Rochester, Nunda & Pennsylvania Rail Road Company (of 1873).	Under special act of New York and Pennsylvania through articles of consolidation, dated June 27, 1872; filed in New York Feb. 14, 1873; Pennsylvania Mar. 31, 1873.	Corporate property, rights, and franchises in New York sold under court decree May 7, 1877. Reorganized June 28, 1877, as 46.
48	The Rochester, Nunda & Pennsylvania Rail Road Company (of 1872).	Under general laws of New York through articles of consolidation, dated Feb. 6, 1872; filed Mar. 18, 1872.	Consolidated Mar. 24, 1873, with 52, to form 47.
49	Rochester, Nunda & Pennsylvania Rail Road Company.	Under general laws of New York, Apr. 9. 1870.	Consolidated May 17, 1872, with 50 and 51, to form 48.
50	The Rochester, Nunda & Pennsylvania Extension Rail Road Company.	Under general laws of New York, Jan. 10, 1872.	Consolidated May 17, 1872, with 49 and 51, to form 48.
51	The Northern extension of the Rochester, Nunda and Pennsylvania Railroad Company.	Under general laws of New York, Jan. 12, 1872.	Consolidated May 17, 1872, with 49 and 50, to form 48.
52	Northern Railroad and Navigation Company.	Under special act of Pennsylvania Mar. 23, 1867.	Consolidated Mar. 24, 1873, with 48, to form 47.
53	Kinzua Railroad Company.	Under general laws of Pennsylvania through articles of consolidation, dated May 1, 1911; filed June 30, 1911.	Merged Nov. 2, 1911, with 1.
54	Kinzua Railway Company.	Under general laws of Pennsylvania, Jan. 18, 1881.	Consolidated June 30, 1911, with 55, to form 53.
55	Kinzua Valley Railroad Company.	Under general laws of Pennsylvania, Mar. 30, 1889.	Consolidated June 30, 1911, with 54, to form 53.
56	McKean and Buffalo Railroad Company.	Under general laws of Pennsylvania, Sept. 11, 1874.	Merged June 30, 1911, with 1.
57	Pennsylvania and Rochester Railroad Company.	Under general laws of New York through articles of consolidation, dated Nov. 22, 1911; filed Nov. 15, 1912.	Merged Feb. 28, 1916, with 1.
58	The Genesee Valley Canal Railroad Company.	Under general laws of New York, July 16, 1880.	Consolidated Nov. 15, 1912, with 59, to form 57.
59	The Genesee Valley Terminal Railroad Company.	Under general laws of New York, Aug. 14, 1882.	Consolidated Nov. 15, 1912, with 58, to form 57.
60	The Olean, Bradford and Warren Rail Road Company.	Under general laws of New York, Oct. 17, 1877.	Merged Apr. 11, 1916, with 1.
61	The Union Terminal Railroad Company of the City of Buffalo.	Under general laws of New York, June 12, 1884.	Merged Nov. 12, 1917, with 1.

Development of Fixed Physical Property

The owned mileage of the Western New York and Pennsylvania, amounting to 586.145 miles, was acquired partly by construction, partly by consolidation and partly by merger. Of the 54 corporations that comprise the line of succession culminating in the Western New York and Pennsylvania as at present constituted, 39 corporations did not construct any road or other common-carrier property. These companies were:

Western New York Railway Company.

Northwestern Pennsylvania Railway Company.

Western New York and Pennsylvania Railroad Company.

Western New York and Pennsylvania Railway Company of Pennsylvania.

Western New York and Pennsylvania Railway Company of New York.

The Buffalo and Washington Railway Company (of 1866).

Sinnemahoning Portage Railroad Company.

The Buffalo and Washington Railway Company (of 1865).

Buffalo and Allegheny Valley Rail Road Company.

The Buffalo and Washington Rail Road Company.

The Pittsburg, Titusville & Buffalo Railway Company.

The Warren and Franklin Railway Company.

Warren and Franklin Railway Company.

Warren and Tidioute Railroad Company.

Union and Titusville Railroad Company.

Oil Creek Lake and Titusville Mining and Transportation Company.

Mill Creek Railroad Company.

The Buffalo, Chautauqua Lake and Pittsburgh Railway Company.

The Dunkirk, Chautauqua Lake and Pittsburgh Railroad Company.

The Corry and State Line Railroad Company.

The Buffalo, Corry and Pittsburgh Rail Road Company.

The Buffalo, Pittsburgh and Western Railway Company.

The Salamanca, Bradford and Allegheny River Railroad Company.

The Salamanca, Bradford and Allegheny River Railroad Company of New York.

The Olean and Salamanca Railroad Company.

The Oil City and Chicago Railroad Company (of October, 1882).

The New Castle, Plain Grove and Butler Railroad Company.

The Oil City and Chicago Railroad Company (of March, 1882).

The New Castle and Oil City Railroad Company.

The Rochester, New York and Pennsylvania Railroad Company (of February, 1881).

Rochester, Nunda & Pittsburgh Railroad Company.

The Rochester, Nunda & Pennsylvania Rail Road Company (of 1872).

Rochester, Nunda & Pennsylvania Rail Road Company.

The Rochester, Nunda & Pennsylvania Extension Rail Road Company.

The Northern extension of the Rochester, Nunda and Pennsylvania Railroad Company.

Northern Railroad and Navigation Company.

Kinzua Railroad Company.

Pennsylvania and Rochester Railroad Company.

The Union Terminal Railroad Company of the City of Buffalo.

The property constructed by the remaining corporations, the years when the various portions of the line were constructed, and the manner in which the Western New York and Pennsylvania acquired the property are indicated in the following table, wherein, to facilitate comparison with the table showing the corporate succession, previously given, the same order of corporations is maintained:

Acquired by construction:

New Castle to Mahoningtown, Pa., 1898. 1.42

Leesburg to Redmond, Pa., 1891-1902. 14.10

Winchester to Blaisdell[sic - Blasdell], N. Y., 1906-7. 7.67

23.19

Acquired by reorganization, from the Western New York and Pennsylvania Railroad Company, constructed by—

The Buffalo, New York and Philadelphia Railroad Company, Olean to Salamanca, N. Y., 1882-83. 20.70

Buffalo, New York and Philadelphia Railway Company, Buffalo, N. Y., to Emporium, Pa., commenced in 1866, completed in 1872. 118.23

The Buffalo, Pittsburgh and Western Railroad Company—

Brocton to Buffalo, N. Y., 1881-82. 48.00

Warren, Pa., to Salamanca, N. Y., 1881-82. 39.35

The Oil Creek and Allegheny River Railroad Company, Irvineton to Oil City, Pa., 1865-66. 50.19

Oil Creek Railroad Company, Corry to Petroleum Center, Pa., 1862-63. 38.00

Farmers' Railroad Company, Petroleum Center to Oil City, Pa., 1866. 8.00

The Union and Titusville Rail Road Company, Union to Titusville, Pa., 1870-71. 16.00

The Reno, Oil Creek and Pithole Railway Company, Rouseville to Plumber, Pa., 1865-66, 12 miles abandoned in 1869. ---

Cross Cut Railroad Company, New York-Pennsylvania State line to Corry, Pa., 1867. 6.26

The Buffalo and Oil Creek Cross Cut Rail Road Company, New York-Pennsylvania State line to Brocton, N. Y., commenced in 1865, completed in 1867. 36.90

Partly by the Titusville & Petroleum Centre Railroad Company and completed by the Titusville and Oil City Railway Company, commenced in 1870, completed in 1880, Titusville to Pioneer, Pa. 8.90

New Castle and Franklin Railroad Company, Stoneboro to New Castle, Pa., 1874. 36.00

426.53

Acquired by merger:

From The Rochester, New York and Pennsylvania Railroad Company (of July, 1881)—

Constructed by that company, Nunda Junction to Nunda, N. Y, 1882. 2.36

Constructed by The Rochester, Nunda & Pennsylvania Railroad Company (of 1873)—Mount Morris to Ross Junction, N. Y., 1874, 18 miles abandoned in 1881 and 1908. ---

From the Kinzua Railroad Company—

Constructed by that company, Kinzua to Gates, Pa., 1881. 12.96

Constructed by the Kinzua Valley Railroad Company, Morrison to West Line, Pa., 1891-92. 9.82

From the McKean and Buffalo Railroad Company, constructed by that company, Larabee to Clermont, Pa., 1874-75. 22.25

From the Pennsylvania and Rochester Railroad Company—

Constructed by the Genesee Valley Canal Railroad Company—

Hinsdale to Rochester, N. Y., 1881-82. 98.37

Scottsville to Garbutt, N. Y., 1906-7. 2.90

Constructed by the Genesee Valley Terminal Railroad Company, Rochester to Lincoln Park, N. Y., 1883. 2.36

From the Olean, Bradford and Warren Rail Road Company, constructed by that company, Olean to Empire Tanning Company's plant, 1878. 1.11

From The Union Terminal Railroad Company of the city of Buffalo, constructed by the Buffalo, New York and Philadelphia Railway Company, tracks in city of Buffalo, N. Y., 1872. 2.32

154.45

Total. 604.17

Less retirements, transfer to second track, and remeasurements. 16.28

Recorded mileage at date of valuation. 587.89

Difference between recorded mileage and mileage inventoried. 1.745

Mileage inventoried as of date of valuation. 586.145

Leased Railway Property

The entire property of the Western New York and Pennsylvania is leased to the Pennsylvania Railroad for a period of 20 years from August 1, 1900, and thereafter from year to year. Under the terms of the lease the lessee receives all revenues and applies same to the maintenance of the property and the payment of taxes thereon. Any balance remaining reverts to the lessor. The lessee pays the cost of all extensions and additions and betterments for which it is reimbursed by the lessor either in cash, capital stock at par or mortgage bonds at a value equal to the actual cost of such extensions, additions and betterments. On January 1, 1918, the common-carrier property of the Western New York and Pennsylvania was taken over for operation with that of the Pennsylvania Railroad by the United States Railroad Administration which operates it at date of valuation.

Predecessor Companies

Western New York and Pennsylvania Railroad Company; Northwestern Pennsylvania Railway Company; Western New York Railway Company.

The Western New York Railway Company and the Northwestern Pennsylvania Railway Company were consolidated March 18, 1895, to form the Western New York and Pennsylvania. These two companies were organized for the purpose of acquiring the property of the Western New York and Pennsylvania Railroad Company that was located in the State of New York and in the State of Pennsylvania, respectively.

Neither the Western New York Railway Company nor the Northwestern Pennsylvania Railway Company had any financial transactions, nor did they keep any accounting records. During their corporate existence their properties were operated by the receiver of the Western New York and Pennsylvania Railroad Company and the results of such operations and all other financial transactions of the receiver were continued in the books of that company. For the reason stated and for the purposes of this report, the Western New York and Pennsylvania Railroad Company has been treated as the direct predecessor of the Western New York and Pennsylvania, and the Western New York Railway Company and the Northwestern Pennsylvania Railway Company have been ignored as intermediaries.

The records reviewed did not indicate whether this company was controlled by any individual or corporation on February 25, 1895, the date of reorganization. This company controlled at the date of reorganization, through ownership of the entire capital stock, the Kinzua Valley Railroad Company.

The property was operated by its own organization from December 1, 1887, until the receivership, April 1, 1893. From that date to date of reorganization, it was operated by receivers. The railroad operated by the company consisted of 615.49 miles of railroad located in New York and Pennsylvania, of which 37.42 miles were narrow gauge. The owned mileage amounted to 427.85 miles of standard-gauge railroad and consisted of two main lines, one extending from Buffalo, N. Y., to Emporium, Pa., and the other from Buffalo, N. Y., to Oil City, Pa., together with several branch lines diverging therefrom. The mileage operated under lease amounted to 187.64 miles and consisted of numerous branches diverging from the main lines. The 427.85 miles of road owned by the company had been acquired through reorganization of The Buffalo, New York and Philadelphia Railroad Company. Details with respect to the construction of this property are given in the chapter on development of fixed physical property of the Western New York and Pennsylvania.

The Buffalo, New York and Philadelphia Railroad Company; Western New York and Pennsylvania Railway Company of New York; Western New York and Pennsylvania Railway Company of Pennsylvania

Introductory

The Western New York and Pennsylvania Railway Company of New York and the Western New York and Pennsylvania Railway Company of Pennsylvania were consolidated to form the Western New York and Pennsylvania Railroad Company. The two companies were organized for the purpose of acquiring the property of The Buffalo, New York and Philadelphia Railroad Company that was located in the State of New York and in the State of Pennsylvania, respectively.

Neither the Western New York and Pennsylvania of New York nor the Western New York and Pennsylvania of Pennsylvania had any financial transactions nor did they keep any accounting records. During their corporate existence their properties were operated by the receiver of the Buffalo, New York and Philadelphia and the results of such operations and all other financial transactions of the receiver were continued in the books of that company. For the reasons stated and for the purposes of this report, the Buffalo, New York and Philadelphia has been treated as the direct predecessor of the Western New York and Pennsylvania Railroad Company and the Western New York and Pennsylvania of New York and the Western New York and Pennsylvania of Pennsylvania have been ignored as intermediaries.

The records reviewed did not indicate that the Buffalo, New York and Philadelphia was controlled by an individual or corporation on November 28, 1887, the date of reorganization. It controlled on date of reorganization through ownership of entire capital stock of each, the following companies whose property it operated through leasehold rights:

The Genesee Valley Canal Railroad Company.

McKean and Buffalo Railroad Company.

The Kendall and Eldred Railroad Company,

The Bradford Railway Company.

The Olean, Bradford and Warren Rail Road Company.

Kinzua Railway Company.

The Rochester, New York and Pennsylvania Railroad Company.

The Genesee Valley Terminal Railroad Company.

The property of this company was operated by its own organization from the date of its formation, February 1, 1883, until the receivership, May 20, 1885. From the latter date to date of reorganization it was operated by receivers. The railroad operated by the company consisted of 628.17 miles of railroad located in New York and Pennsylvania, of which 562.79 miles was standard gauge and 65.38 miles was narrow gauge. The owned mileage amounted to 427.85 miles of standard-gauge railroad and consisted of two main lines, one extending from Buffalo, N. Y., to Emporium, Pa., and the other from Buffalo, N. Y., to Oil City, Pa., together with several branch lines diverging therefrom. The mileage operated under lease amounted to 200.32 miles and consisted of numerous branches diverging from the main lines.

Development of Fixed Physical Property Of the 427.85 miles of road owned by the company on date of reorganization, it had acquired 407.15 miles by the consolidation of its predecessors and 20.70 miles by construction, as detailed hereunder:

By consolidation:

Buffalo, New York and Philadelphia Railway Company. 120.55

The Buffalo, Pittsburgh and Western Railroad Company. 252.10

The Oil City and Chicago Railroad Company (of April, 1882). 30.00

Total. 408.65

Less changes and remeasurements. 1.50

407.15

By construction. 20.70

Total, recorded mileage. 427.85

Details with respect to the construction of this property are given in the chapter on development of fixed physical property of the Western New York and Pennsylvania.

Buffalo, New York and Philadelphia Railway Company, Successor by Change of Name of The Buffalo and Washington Railway Company (of 1866)

Introductory

This company was incorporated originally as The Buffalo and Washington Railway Company. The name was changed, on February 14, 1883, to Buffalo, New York and Philadelphia Railway Company.

The records reviewed did not indicate whether the company was controlled by any individual, or corporation on February 14, 1883, the date of consolidation. This company then controlled, through ownership of the capital stock, the following named companies whose properties it operated through leasehold rights.

The Genesee Valley Canal Railroad Company.

McKean and Buffalo Railroad Company.

The Kendall and Eldred Railroad Company.

The Bradford Railway Company.

The Olean, Bradford and Warren Rail Road Company.

Olean, Bradford and Warren Railway Company.

Kinzua Railway Company.

The Rochester, New York and Pennsylvania Railroad Company.

The property of the company was operated by its own organization during its entire life. The railroad operated by the company consisted of 253.11 miles of railroad located in New York and Pennsylvania, of which 187.73 miles was standard gauge and 65.38 miles was narrow gauge. The owned mileage amounted to 120.55 miles of standard-gauge railroad extending from Buffalo, N. Y., to Emporium, Pa., which had been acquired by construction in 1872. The mileage operated under lease amounted to 132.56 miles and consisted of eight branch lines diverging from the main line.

Sinnemahoning Portage Railroad Company

The accounting records of this company were not obtained. Therefore, no information can be given from its accounts regarding financial dealings or investments. However, certain data were obtained from other sources. The records reviewed did not indicate whether this company was controlled by any individual or corporation on October 3, 1866, the date of consolidation, nor whether it then controlled any common-carrier corporation. The company acquired no common-carrier property to date of consolidation. The records reviewed indicate that it then had a franchise to build a railroad from Emporium, Pa., to the Pennsylvania-New York State line, which franchise was acquired by the Buffalo, New York and Philadelphia Railroad Company.

The Buffalo and Washington Railway Company (of 1865)

The accounting records of this company were not obtained. Therefore, no information can be given from its accounts regarding financial dealings or investments. However, certain data were obtained from other sources. The records reviewed did not indicate whether this company was controlled by any individual or corporation on October 3, 1866, the date of consolidation, nor whether it then controlled any common-carrier corporation. This company acquired no common-carrier property to the date of consolidation. The records reviewed indicate that it was incorporated for the purpose of consolidating the Buffalo and Allegany Valley Rail Road Company and The Buffalo and Washington Railroad Company.

Buffalo and Allegany Valley Rail Road Company

The accounting records of this company were not obtained. Therefore, no information can be given from its accounts regarding financial dealings or investments. However, certain data indicated below were obtained from other sources. The records reviewed did not indicate whether this company was controlled by any individual or corporation on December 11, 1865, the date of consolidation, nor whether it then controlled any common-carrier corporation. The company acquired no common-carrier property to date of consolidation. The records reviewed indicate that it had a franchise to build a railroad from Buffalo to Yorkshire, N. Y., which franchise was acquired by The Buffalo and Washington Railway Company (of 1865).

The Buffalo and Washington Rail Road Company

The accounting records of this company were not obtained. Therefore, no information can be given from its accounts regarding financial dealings or investments. However, certain data indicated below were obtained from other sources. The records reviewed did not indicate whether this company was controlled by any individual or corporation on December 11, 1865, the date of consolidation, nor whether it then controlled any common-carrier corporation. The company acquired no common-carrier property to the date of consolidation. The records reviewed indicate that it had a franchise to build a railroad from Olean to Yorkshire, N. Y., which franchise was acquired by The Buffalo and Washington Railway Company (of 1865).

The Buffalo, Pittsburgh and Western Railroad Company

Introductory

The records reviewed did not indicate whether this company was controlled by any individual or corporation on February 14, 1883, the date of consolidation. The company controlled at the date of consolidation, through ownership of a majority of capital stock, the Oil City and Chicago Railroad Company, whose common-carrier property was separately operated.

The property of the Buffalo, Pittsburgh and Western was operated by its own organization during its entire life. The railroad operated by the company was located in New York and Pennsylvania, and aggregated 255.60 miles. The owned mileage amounted to 252.10 miles and consisted of a main line extending from Oil City, Pa., to Buffalo, N. Y., together with several branch lines and a separated section extending from Warren, Pa., to Salamanca, N. Y. The mileage operated under lease amounted to approximately 3.50 miles and consisted of a branch line from Mayville to Fairport, N. Y.

Development of Fixed Physical Property

Of the 252.10 miles of road owned by the company, it had acquired 155.36 miles from The Pittsburgh, Titusville & Buffalo Railway Company, 9 miles from the Titusville and Oil City Railway Company, and 87.74 miles by construction. Details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Western New York and Pennsylvania.

The Pittsburgh, Titusville & Buffalo Railway Company

Introductory

The records reviewed did not indicate whether this company was controlled by any individual or corporation on January 22, 1881, the date of consolidation, nor, on the other hand, whether it then controlled any common-carrier corporations.

The company owned on date of consolidation 155.35 miles of railroad located in New York and Pennsylvania. The main line extended from Irvineton, Pa., to Brockton, N. Y., with a branch line extending from Titusville to Union, Pa. The property was operated by its own organization during its entire life.

Development of Fixed Physical Property

Of the 155.35 miles of road owned by the company on the date of consolidation, it had acquired 112.19 miles from the Oil Creek and Allegheny River Railway Company and 43.16 miles from the Buffalo, Chatauqua[sic] Lake and Pittsburgh Railway Company. Details with respect to the construction of this property are given in the chapter on development of fixed physical property of the Western New York and Pennsylvania.

The Oil Creek and Allegheny River Railway Company, Successor Through Changes in Name of The Warren and Franklin Railway Company; Warren and Franklin Railway Company; and Warren and Tidioute Railroad Company

Introductory

The accounting records of this company subsequent to December 31, 1868, were not obtained. Therefore, complete information can not be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data given below were obtained from the available accounting records and other sources. The records did not indicate whether the company was controlled by any individual or corporation on February 8, 1876, the date of reorganization, nor whether the company controlled any common-carrier corporation.

The property of this company was operated by its own organization from date of incorporation until it went into receivership, July 12, 1874. From this date to date of reorganization its property was operated by receivers. The railroad owned 112.19 miles, consisted of two main lines, one extending from Irvineton to Oil City, the other from Oil City to Corry, and a branch line from Titusville to Union, all in Pennsylvania, of which it had acquired 62 miles by merger and 50.19 miles by construction, as shown in the following table:

Acquired by purchase from the Reno, Oil Creek and Pithole Railway Company. 12

Acquired by merger from—

The Union and Titusville Rail Road Company. 16

Farmer's Railroad Company. 8

Oil Creek Railroad Company. 38

Acquired by construction. 50.19

Total. 124.19

Less abandonment of road acquired from the Reno, Oil Creek and Pithole. 12

Recorded owned mileage on date of reorganization. 112.19

Details with respect to the construction of this property are given under development of fixed physical property of the Western New York and Pennsylvania.

Oil Creek Railroad Company

The accounting records of this company were incomplete. Therefore, full information can not be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data were obtained from the available accounting records and from other sources. The records reviewed did not indicate whether the Oil Creek Railroad Company was controlled by any individual or corporation on February 26, 1868, the date of merger, whether it controlled any common-carrier corporation.

The property of the company was operated by its own organization from some time in 1862 to date of merger. The company owned on the date of merger approximately 38 miles of railroad, extending from Corry to Boyd Farm (now Petroleum Center), Pa., which was acquired by construction in 1862 and 1863.

Farmers' Railroad Company

The accounting records of this company were not obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data were obtained from the report of the Western New York and Pennsylvania to us on its corporate history. The records reviewed did not indicate whether the company was controlled by any individual or corporation on January 8, 1868, the date of merger, nor whether it then controlled any common-carrier corporation. How the property was operated prior to September 13, 1867, was not ascertained. From that date to date of merger it was operated by the Warren and Franklin Railway Company, as lessee. The company owned on the date of merger approximately 8 miles of railroad, extending from Petroleum Center to Oil City, Pa., which was acquired by construction.

The Union and Titusville Rail Road Company

The accounting records of this company were not obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. Certain information was obtained from the report of the Western New York and Pennsylvania to us on its corporate history. The records reviewed did not indicate whether the company was controlled by any individual or corporation on December 27, 1871, the date of merger, nor whether it then controlled any common-carrier corporation. The property was operated from about February, 1871. to August 1, 1871, by its own organization, and from the latter date to date of merger by The Oil Creek and Allegheny River Railway Company as lessee. The company owned on the date of merger approximately 16 miles of railroad, extending from Union to Titusville, Pa., which it acquired by construction between July, 1870, and February, 1871.

Union and Titusville Railroad Company, Successor by Change of Name of Oil Creek Lake and Titusville Mining and Transportation Company

The accounting records of this company were not obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments, however, certain data were obtained from other sources. The records reviewed did not indicate whether the company was controlled by any individual or corporation on July 22, 1870, the date of reorganization, nor, whether it then controlled any common-carrier corporation.

The report of the Western New York and Pennsylvania to us on its corporate history indicates that the Union and Titusville acquired no common-carrier property.

The Reno, Oil Creek and Pithole Railway Company, Successor by Change of Name of Mill Creek Railroad Company

The accounting records of this company were not obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. Certain information was obtained from the accounting records of The Oil Creek and Allegheny River Railway Company. The records reviewed did not indicate whether the company was controlled by any individual or corporation on October 27, 1868, the date of purchase, nor whether it, the company, then controlled any common-carrier corporation. The company owned on the date of purchase approximately 12 miles of railroad, extending from a point south of Rouseville to a point north of Plummer, Pa., which was acquired by construction in 1865 and 1866. The company had $200,000 par value of capital stock outstanding on the date of purchase, which was retired by The Oil Creek amd Allegheny River Railway Company.

The Buffalo, Chautauqua Lake and Pittsburgh Railway Company

The accounting records of this company were not obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. Certain information was obtained from the accounting records of The Pittsburgh, Titusville & Buffalo Railway Company. The records reviewed did not indicate whether the company was controlled by any individual or corporation on February 17, 1880, the date of merger, nor whether it then controlled any common-carrier corporation.

The company owned on the date of merger approximately 43.16 miles of railroad, extending from Brocton, N. Y., to Corry, Pa. Of this mileage, 36.90 miles was acquired from The Dunkirk, Chatauqua[sic] Lake and Pittsburgh Railroad Company and 6.26 miles from The Corry and State Line Railroad Company.

The Dunkirk, Chautauqua Lake and Pittsburgh Railroad Company

The accounting records of this company were not obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data were obtained from other sources. The records reviewed did not indicate whether the company was controlled by any individual or corporation on May 3, 1879, the date of consolidation, nor, whether it then controlled any common-carrier corporation. The report of the Western New York and Pennsylvania to us on its corporate history states that the company owned approximately 36.90 miles of railroad, extending from the New York-Pennsylvania State line to Brocton, N. Y., which it acquired from The Buffalo, Corry and Pittsburgh Rail Road Company. That report also states that the property of the company was probably operated by its own organization from date of acquisition to date of consolidation.

The Corry and State Line Railroad Company

The accounting records of this company were not obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data were obtained from other sources. The records reviewed did not indicate whether the company was controlled by any individual or corporation on May 3, 1879, the date of consolidation, nor whether it then controlled any common-carrier corporation. The report of the Western New York and Pennsylvania to us on its corporate history states that the company owned approximately 6.26 miles of railroad, extending from the Pennsylvania-New York State line to Corry, Pa., which it acquired from The Buffalo, Corry and Pittsburgh Rail Road Company. That report also states that the property of the company was probably operated by its own organization from date of acquisition to date of consolidation.

The Buffalo, Corry and Pittsburgh Rail Road Company

The available accounting records of this company were so incomplete that no definite information could be obtained from them regarding financial dealings, corporate operations, or investments. However, certain data was obtained from the report of the Western New York and Pennsylvania to us on its corporate history.

The company owned 43.16 miles of railroad, extending from Brocton, N. Y., to Corry, Pa. Of this owned mileage, 6.26 miles had been acquired from the Cross Cut Railroad Company and 36.90 miles from The Buffalo and Oil Creek Cross Cut Rail Road Company. The property of the company was operated by its own organization from date of acquisition to October 12, 1872, and from the latter date to April 16, 1873, it was operated by or for the assignee in bankruptcy. On December 7, 1872, the property was sold under foreclosure proceedings and on April 16, 1873, was conveyed to the individual purchasers, who either operated the property themselves or through their representatives until April 28, 1879, when that portion of the franchises, rights, and property formerly owned by the company in Pennsylvania was purchased by The Corry and State Line Railroad Company, and that portion of the franchises, rights, and property in New York was purchased by The Dunkirk, Chatauqua[sic] Lake and Pittsburgh Railroad Company.

Cross Cut Railroad Company

The accounting records of this company were not obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data were obtained from other sources. The records reviewed did not indicate whether the company was controlled by any individual or corporation on October 18, 1867, the date of consolidation, nor whether it then controlled any common-carrier corporation.

The report of the Western New York and Pennsylvania to us on its corporate history states that the company owned approximately 6.26 miles of railroad extending from the Pennsylvania-New York State line to Corry, Pa., which was acquired by construction in 1867. That report also states that the property was operated from date of completion to date of consolidation by The Buffalo and Oil Creek Cross Cut Rail Road Company, under lease agreement.

The Buffalo and Oil Creek Cross Cut Rail Road Company

No accounting records of this company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data were obtained from other sources. The records reviewed did not indicate whether the company was controlled by any individual or corporation on October 18, 1867, the date of consolidation, nor whether it then controlled any common-carrier corporation.

The report of the Western New York and Pennsylvania to us on its corporate history states that the company owned approximately 36.90 miles of railroad, extending from the Pennsylvania-New York State line to Brocton, N. Y., which was acquired by construction and opened for operation June 17, 1867. That report also states that the property of the company was operated by its own organization from date of completion to date of consolidation.

The Buffalo, Pittsburgh and Western Railway Company

The accounting records of this company were not obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data were obtained from other sources. The records reviewed did not indicate whether the company was controlled by any individual or corporation on January 22, 1881, the effective date of consolidation, nor, whether it then controlled any common-carrier corporation. The report of the Western New York and Pennsylvania to us on its corporate history indicates that no physical property was acquired by the company.

The Salamanca, Bradford and Allegheny River Railroad Company of New York

The accounting records of this company were not obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data were obtained from other sources. The records reviewed did not indicate whether the company was controlled by any individual or corporation on January 22, 1881, the effective date of consolidation, nor, whether it then controlled any common-carrier corporation.

The report of the Western New York and Pennsylvania to us on its corporate history indicates that no physical property was acquired by the company.

The Salamanca, Bradford and Allegheny River Railroad Company

The accounting records of this company were not obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data were obtained from other sources. The records reviewed did not indicate whether the company was controlled by any individual or corporation on January 22, 1881, the effective date of consolidation, nor, whether it then controlled any common-carrier corporation. The report of the Western New York and Pennsylvania to us on its corporate history indicates that no physical property was acquired by the company.

Titusville and Oil City Railway Company

The accounting records of this company were not obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data were obtained from other sources.

The company was controlled on January 22, 1881, the effective date of consolidation, by The Pittsburgh, Titusville and Buffalo Railway Company, through ownership of capital stock. The records did not indicate that the company then controlled any common-carrier corporation.

The company owned on the date of consolidation about 9 miles of railroad, extending from Titusville to Pioneer, Pa. Construction of this road was begun by the Titusville & Petroleum Centre Railroad Company and was completed by the Titusville and Oil City Railway Company, but the records reviewed indicate that it was not opened for operation until after the date of consolidation.

Titusville & Petroleum Centre Railroad Company

The accounting records of this company were not obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data given below were obtained from other sources. The records did not indicate whether the company was controlled by any individual or corporation on December 23, 1878, the date of reorganization, nor whether it then controlled any common-carrier corporation. The company started the construction of about 9 miles of railroad from Titusville to Petroleum, Pa., but the road had not been completed on the date of reorganization.

The Olean and Salamanca Railroad Company

The accounting records of this company were not obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data were obtained from other sources. The records reviewed did not indicate whether the company was controlled by any individual or corporation on February 14,1883, the date of consolidation, nor, whether it then controlled any common-carrier corporation.

The report of the Western New York and Pennsylvania to us on its corporate history indicates that no physical property was acquired by the company.

The Oil City and Chicago Railroad Company (of April, 1882)

This company was controlled on February 14, 1883, the effective date of consolidation, by The Buffalo, Pittsburgh and Western Railroad Company, through ownership of a majority of capital stock. The records reviewed did not indicate that the company then controlled any common-carrier corporation.

The property of the company was operated by its own organization from the date it was acquired, April 22, 1882, to the date of consolidation. The company owned on the date of consolidation approximately 36 miles of railroad, extending from Stoneboro to New Castle, Pa., which had been acquired from The New Castle and Oil City Railroad Company. Details with respect to the construction of this property are given under development of fixed physical property in the report on the Western New York and Pennsylvania.

The New Castle, Plain Grove and Butler Railroad Company

The accounting records of this company were not obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data were obtained from other sources.

The records reviewed did not indicate whether the company was controlled by any individual or corporation on October 20, 1882, the date of merger, nor whether it then controlled any common-carrier corporation.

The report of the Western New York and Pennsylvania to us or its corporate history indicates that no physical property was acquired by the company.

The Oil City and Chicago Railroad Company (of March, 1882)

The accounting records of this company were not obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data were obtained from other sources.

The records reviewed did not indicate whether the company was controlled by any individual or corporation on April 22, 1882, the effective date of its demise, nor whether the company then controlled any common-carrier corporation.

The report of the Western New York and Pennsylvania to us on its corporate history indicates that no physical property was acquired by the company.

The New Castle and Oil City Railroad Company

Introductory

This company was controlled on April 22, 1882, the date of the consolidation by The Oil City and Chicago Railroad Company (of March, 1882), through ownership of its entire outstanding capital stock. The records did not indicate that it then controlled any common-carrier corporation. The property was operated by its own organization during its corporate existence.

The company owned on date of consolidation approximately 36 miles of railroad, extending from Stoneboro to New Castle, Pa., which had been acquired from the New Castle and Franklin Railroad Company. Details with respect to the construction of this property are given under development of fixed physical property in the report on the Western New York and Pennsylvania.

New Castle and Franklin Railroad Company

No accounting records of this company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However certain data given below were obtained from other sources. The records reviewed did not indicate whether the company was controlled by any individual or corporation on May 28, 1881, the date of reorganization, nor whether it then controlled any common-carrier corporation. The property was operated by its own organization from date of completion, December 4, 1873, until the receivership, July 1, 1880. From that date until the date of reorganization it was operated by receivers. The company owned approximately 36 miles of railroad, extending from Stoneboro to New Castle, Pa., which was acquired by construction.

The Rochester, New York and Pennsylvania Railroad Company (of July, 1881)

The accounting records of this company only contain two entries, hereinafter referred to. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. Certain information given below was obtained from its available accounting records and from the report of the Western New York and Pennsylvania to us on its corporate history. The records do not indicate whether the company was controlled by any individual or corporation on February 28, 1916, the date of merger, nor whether it then controlled any common-carrier corporation.

The company acquired from the Rochester, Nunda & Pittsburgh Railroad Company about 20 miles of railroad from Mount Morris to Ross Junction, N. Y. Of this owned mileage, about 11.50 miles had been abandoned prior to acquisition.

In 1882 the road was rebuilt from Ross Junction to Nunda Junction and an extension constructed from the latter point to Swains, N. Y., a total of about 11.94 miles. This road was operated until 1908 when that portion between Nunda and Swains, N. Y., was abandoned, and at the date of its demise the Rochester, New York and Pennsylvania Railroad Company (of July, 1881) owned 2.36 miles of railroad extending from Nunda Junction to Nunda N. Y. The property was leased by the Buffalo, New York and Philadelphia Railway Company under a lease dated December 8, 1881. The property was operated under this lease from 1882 to November 30, 1887, by the Buffalo, New York and Philadelphia Railway Company, its successor, The Buffalo, New York and Philadelphia Railroad Company, and the receiver of the latter; from December 1, 1887, to March 31. 1895, by the Western New York and Pennsylvania Railroad Company and its receiver; from April 1, 1895, to July 31, 1900, by the Western New York and Pennsylvania; and from the latter date to date of merger by the Pennsylvania Railroad, as lessee of the Western New York and Pennsylvania.

The Rochester, New York and Pennsylvania Railroad Company (of February, 1881)

No accounting or other records of this company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. The information given below was obtained from the report of the Western New York and Pennsylvania to us on its corporate history.

The records reviewed do not indicate whether the company was controlled by any individual or corporation on the date of consolidation, nor whether it then controlled any common-carrier corporation.

On the date of consolidation, July 11, 1881, the company owned about 20 miles of railroad extending from Mount Morris to Ross Junction (formerly Ross's Crossings), N. Y., which it never operated. The property had been acquired from the Rochester, Nunda & Pittsburgh Railroad Company. Details with respect to the construction of this property are given under development of fixed physical property in the report on the Western New York and Pennsylvania.

Rochester, Nunda & Pittsburgh Railroad Company

No accounting records of this company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. The information given below was obtained from the report of the Western New York and Pennsylvania to us on its corporate history. The records reviewed do not indicate whether the company was controlled by any individual or corporation on July 11, 1881, the date of consolidation, nor whether it then controlled any common-carrier corporation. On the date of consolidation, the company owned about 20 miles of railroad extending from Mount Morris to Ross Junction (formerly Ross's Crossing), N. Y., which it never operated. The property formerly owned by The Rochester, Nunda & Pennsylvania Rail Road Company (of 1873), had been sold under court decree of May 7, 1877. Details with respect to the construction of this property are given under development of fixed physical property in the report on the Western New York and Pennsylvania.

The Rochester, Nunda & Pennsylvania Rail Road Company (of 1873)

No accounting or other records of this company were obtained. Therefore, no information can be given regarding its financial dealings, corporate operations, or investments. The information given below was obtained from the report of the Western New York and Pennsylvania to us on its corporate history. The records reviewed do not indicate whether the company was controlled by any individual or corporation on June 26, 1877, the date of reorganization, nor whether it then controlled any common-carrier corporation. The company constructed about 20 miles of railroad from Mount Morris to Ross's Crossing, N. Y., in the years 1873 and 1874, and also constructed certain railroad property in Pennsylvania, but did not operate any of its property. Some time prior to June, 1877, the rights, franchises, and property of the company in Pennsylvania were abandoned. On May 7, 1877, its property in New York was sold, under decree of the supreme court of New York, and on June 26, 1877, was conveyed to the Rochester, Nunda & Pittsburgh Railroad Company.

The Rochester, Nunda & Pennsylvania Rail Road Company (of 1872)

No accounting or other records of this company were obtained. Therefore, no information can be given regarding Its financial dealings, corporate operations, or investments. The records reviewed do not indicate whether the company was controlled by any individual or corporation on March 24, 1873, the date of consolidation, nor whether it then controlled any common-carrier corporation The report of the Western New York and Pennsylvania to us on its corporate history indicates that no physical property was acquired by the company.

Rochester, Nunda & Pennsylvania Rail Road Company

No accounting or other records of this company were obtained. Therefore no information can be given regarding its financial dealings, corporate operations, or investments. The records reviewed do not indicate whether the company was controlled by any individual or corporation on May 17, 1872, the date of Consolidation, nor whether it then controlled any common-carrier corporation.

The report of the Western New York and Pennsylvania to us on its corporate history indicates that no physical property was acquired by the company.

The Rochester, Nunda & Pennsylvania Extension Rail Road Company

No accounting or other records of this company were obtained. Therefore, no information can be given regarding its financial dealings, corporate operations, or investments. The records do not indicate whether the company was controlled by any individual or corporation on May 17, 1872, the date of consolidation, nor whether it then controlled any common-carrier corporation. The report of the Western New York and Pennsylvania to us on its corporate history indicates that no physical property was acquired by the company.

The Northern Extension of the Rochester, Nunda and Pennsylvania Railroad Company

No accounting or other records of this company were obtained. Therefore, no information can be given regarding its financial dealings, corporate operations, or investments. The records reviewed do not indicate whether the company was controlled by any individual or corporation on May 17, 1872, the date of consolidation, nor whether it then controlled any common-carrier corporation. The report of the Western New York and Pennsylvania to us on its corporate history indicates that no physical property was acquired by the company.

Northern Railroad and Navigation Company

No accounting or other records of this company were obtained. Therefore, no information can be given regarding its financial dealings, corporate operations, or investments. The records reviewed do not indicate whether the company was controlled by any individual or corporation on March 24, 1873, the date of consolidation, nor whether it then controlled any common-carrier corporation. The report of the Western New York and Pennsylvania to us on its corporate history indicates that no physical property was acquired by the company.

Kinzua Railroad Company

Introductory

Owing to the incompleteness of the accounting records of this company the results of corporate operations could not be obtained. The company was controlled on November 2, 1911, the date of merger, by the Western New York and Pennsylvania through ownership of entire outstanding capital stock. The records reviewed did not indicate that the company then controlled any common-carrier corporation.

The property was leased to the Western New York and Pennsylvania and was operated from the date of incorporation, June 30, 1911, to date of merger, by the Pennsylvania Railroad, as lessee of the Western New York and Pennsylvania. The railroad, aggregating 22.78 miles, was located in Pennsylvania and consisted of two main lines, one from Morrison to West Line, and the other from Kinzua to Gates, of which 9.82 miles was acquired from the Kinzua Valley Railroad Company and 12.96 miles from the Kinzua Railway Company. Details with respect to the construction of this property are given under development of fixed physical property in the report on the Western New York and Pennsylvania.

Kinzua Railway Company

The accounting records of this company contain only two entries hereinafter referred to. Therefore, only partial information can be given from its accounts regarding financial dealings, corporate operations, or investments. Certain information given below was obtained from its available accounting records and from other sources.

The company was controlled on June 30, 1911, the date of consolidation, by the Western New York and Pennsylvania through ownership of entire capital stock. The records reviewed did not indicate that the company then controlled any common-carrier corporation.

The property was leased by the Buffalo, New York and Philadelphia Railway Company under a 999-year lease dated December 8, 1881, and was operated under this lease from the date the property was completed and opened for operation in 1881 to February 13, 1883, by the Buffalo, New York and Philadelphia Railway Company, from February 14, 1883, to November 30, 1887, by The Buffalo, New York and Philadelphia Railroad Company and its receiver; from December 1, 1887, to March 31, 1895, by the Western New York and Pennsylvania Railroad Company and its receiver; from April 1, 1895, to July 31, 1900, by the Western New York and Pennsylvania, and from the latter date to date of consolidation by the Pennsylvania Railroad, as lessee of the Western New York and Pennsylvania.

The company owned on the date of consolidation about 12.96 miles of railroad, extending from Kinzua to Gates, Pa., which was acquired by construction in 1881. The company also constructed about 1.08 miles of branch line which was abandoned in 1907.

Kinzua Valley Railroad Company

No entries subsequent to August 1, 1900, with the exception of the closing entries at date of consolidation, were made in the accounting records of this company. Therefore, complete information can not be given from its accounts regarding financial dealings, corporate operations, or investments. Certain information was obtained from its available accounting records and from other sources.

The company was controlled on June 30, 1911, the date of consolidation, by the Western New York and Pennsylvania through ownership of the entire outstanding capital stock. The records reviewed did not indicate that it then controlled any common-carrier corporation.

The property of the company was operated by its own organization from the date of completion early in 1892 to April 14, 1892. From the latter date to March 31, 1895, the property was operated by the Western New York and Pennsylvania Railroad Company and its receiver. As of August 1, 1900, the property was leased to the Western New York and Pennsylvania, and from that date to date of consolidation was operated by the Pennsylvania Railroad, as lessee of the Western New York and Pennsylvania. The company owned on the date of consolidation approximately 9.82 miles of railroad, extending from Morrison to West Line, Pa., which was acquired by construction in 1891-1892.

McKean and Buffalo Railroad Company

Introductory

This company kept no accounting records subsequent to March 30, 1882, with the exception of one entry in 1886. Therefore, only partial information can be given from its accounts regarding financial dealings, corporate operations, or investments. The company was controlled June 30, 1911, the date of merger, by the Western New York and Pennsylvania through ownership of the capital stock. The records reviewed did not indicate that it controlled any common-carrier corporation. The property was operated by its own organization from June, 1875, the date of completion, to December 8, 1881. Under date of December 8, 1881, its property was leased by the Buffalo, New York and Philadelphia Railway Company for 999 years and was operated under the terms of said lease, from December 8, 1881, to February 14, 1883, by the Buffalo, New York and Philadelphia Railway Company; from February 15, 1883, to November 30, 1887, by The Buffalo, New York and Philadelphia Railroad Company and its receiver; from December 1, 1887, to March 31, 1895, by the Western New York and Pennsylvania Railroad Company and its receiver; from April 1, 1895, to July 31, 1900, by the Western New York and Pennsylvania; and from the latter date to the date of merger by the Pennsylvania Railroad, as lessee of the Western New York and Pennsylvania.

The company owned approximately 22.25 miles of railroad extending from Larabee to Clermont, Pa., which was acquired by construction during the years 1874 and 1875.

Pennsylvania and Rochester Railroad Company

The accounting records of this company were not obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain information given below was obtained from other sources.

The company was controlled on February 28, 1916, the date of merger, by the Western New York and Pennsylvania through ownership of the entire outstanding capital stock. The records reviewed did not indicate that the company then controlled any common-carrier corporation.

The property was leased to the Western New York and Pennsylvania and was operated during the entire life of the former by the Pennsylvania Railroad as lessee of the Western New York and Pennsylvania.

The company owned on the date of merger approximately 103.65 miles of railroad located in the State of New York. The road consisted of a main line extending from Rochester to Hinsdale, about 98.37 miles, and two branches aggregating about 5.28 miles in length. Of the road owned it had acquired 101.27 miles from The Genesee Valley Canal Railroad Company and 2.38 miles from The Genesee Valley Terminal Railroad Company. Details with respect to the construction of this property are given under development of fixed physical property in the report on the Western New York and Pennsylvania.

The Genesee Valley Canal Railroad Company

The accounting records of this company contained only two entries hereinafter referred to. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. Certain information was obtained from its available accounting records and from the report of the Western New York and Pennsylvania to us on its corporate history.

The company was controlled on November 15, 1912, the date of consolidation, by the Western New York and Pennsylvania through ownership of the entire capital stock. The records reviewed did not indicate that the company then controlled any common-carrier corporation.

The property was leased by the Buffalo, New York and Philadelphia Railway Company under a 999-year lease, dated December 8, 1881, and was operated under the terms of said lease from about May, 1882, to February 14, 1883, by the Buffalo, New York and Philadelphia Railway Company; from February 15, 1883, to November 30, 1887, by The Buffalo, New York and Philadelphia Railroad Company and its receiver; from December 1, 1887, to March 31, 1895, by the Western New York and Pennsylvania Railroad Company and its receiver; from April 1, 1895, to July 31, 1900, by the Western New York and Pennsylvania; and from the latter date to the date of consolidation by the Pennsylvania Railroad, as lessee of the Western New York and Pennsylvania.

The company owned on the date of consolidation approximately 101.27 miles of railroad, all of which was located in the State of New York. The main line extended from Hinsdale to Rochester, about 98.37 miles, with a branch line from Scottdale to Garbutt, about 2.90 miles. The property was acquired by construction, 1881 to 1907.

The Genesee Valley Terminal Railroad Company

The accounting records of this company subsequent to June 30, 1884, were not obtained and those prior to that date were incomplete. Therefore, full information can not be given from its accounts regarding financial dealings, corporate operations, or investments. Certain information given below was obtained from its available accounting records and from other sources.

The company was controlled on November 15, 1912, the date of consolidation, by the Western New York and Pennsylvania through ownership of the entire outstanding capital stock. The records reviewed did not indicate that the company then controlled any common-carrier corporation.

The property was leased by the Buffalo, New York and Philadelphia Railway Company, under a 900-year lease dated November 1, 1882, and was operated under this lease, from the date the property was completed and opened for operation in 1883 to November 30, 1887, by the Buffalo, New York and Philadelphia Railroad Company and its receiver; from December 1, 1887, to March 31, 1895, by the Western New York and Pennsylvania Railroad Company and its receiver; from April 1, 1895, to July 31, 1900, by the Western New York and Pennsylvania, and from the latter date to the date of consolidation by the Pennsylvania Railroad, as lessee of the Western New York and Pennsylvania.

The company owned on the date of consolidation approximately 2.38 miles of railroad, extending from Rochester to Lincoln Park, N. Y. The road was built under contract by The Buffalo, New York and Philadelphia Railroad Company.

The Olean, Bradford and Warren Rail Road Company

The accounting records of this company contain only two entries, hereinafter referred to. Therefore, only partial information can be given from its accounts regarding financial dealings, corporate operations, or investments. Certain information was obtained from its available accounting records and from other sources.

The company was controlled on April 11, 1916, the date of merger, by the Western New York and Pennsylvania through ownership of the entire capital stock. The records reviewed did not indicate that the company then controlled any common-carrier corporation.

From the date the property was opened for operation in 1878 to December 7, 1881, it was operated jointly by its own organization and the Olean, Bradford and Warren Railway Company (of Pennsylvania) under an agreement, dated November 6, 1877. On December 8, 1881, the property was leased by the Buffalo, New York and Philadelphia Railway Company for 999 years and was operated under this lease, from December 8, 1881, to February 13, 1883, by the Buffalo, New York and Philadelphia Railway Company; from February 14, 1883, to November 30, 1887, by The Buffalo, New York and Philadelphia Railroad Company and its receiver; from December 1, 1887, to March 31, 1895, by the Western New York and Pennsylvania Railroad Company and its receiver; from April 1, 1895, to July 31, 1900, by the Western New York and Pennsylvania, and from the latter date to the date of merger by the Pennsylvania Railroad, as lessee of the Western New York and Pennsylvania.

The company owned on the date of merger 1.11 miles of standard-gauge railroad, extending from Wayne Street to the Empire Tanning Company's plant, in Olean, N. Y. The original railroad owned was acquired by construction and consisted of about 12.52 miles of narrow-gauge railroad extending from Olean, N. Y., to the New York-Pennsylvania State line. Of this mileage, 11.23 miles was retired in 1896 and sold in 1897. The remainder was reconstructed in 1878 into 1.11 miles of standard-gauge railroad, as hereinbefore described, and was owned by the company on the date of merger.

The Union Terminal Railroad Company of the City of Buffalo

Introductory

Owing to the accounting records of this company being incomplete, the results of corporate operations pertaining to the income account could not be obtained.

The company was controlled by the Western New York and Pennsylvania on November 12, 1917, the date of merger, through ownership of all of the outstanding capital stock. The records reviewed did not indicate that the company then controlled any common-carrier corporation.

The property was leased in perpetuity to The Buffalo, New York and Philadelphia Railroad Company under an agreement, dated June 12, 1884, and was operated under this lease, from June 12, 1884, to November 30, 1887, by The Buffalo, New York and Philadelphia Railroad Company and its receiver; from December 1, 1887, to March 31, 1895, by the Western New York and Pennsylvania Railroad Company and its receiver; from April 1,1895, to July 31, 1900, by the Western New York and Pennsylvania, and from the latter date to date of merger by the Pennsylvania Railroad, as lessee of the Western New York and Pennsylvania.

The railroad owned consisted of 2.32 miles of railroad, together with extensive yards and side tracks, located in Buffalo, N. Y., which had been acquired from The Buffalo, New York and Philadelphia Railroad Company through purchase by deed, dated June 12, 1884. Details with respect to the construction of this property are given under development of fixed physical property in the report on the Western New York and Pennsylvania.