Wikipedia:WikiProject Trains/ICC valuations/Eriton Railroad
Interstate Commerce Commission, Valuation Reports, Volume 33
Eriton Railroad
[edit]Location and General Description of Property
[edit]The railroad of the Eriton Railroad Company, herein called the Eriton Railroad, is a single-track branch line, located within the State of Pennsylvania and extends from Eriton Junction to Eriton Mines, 0.869 mile. This property is disconnected from other lines of the Erie's system and is reached by means of trackage rights over another road.
Introductory
[edit]The Eriton Railroad is a corporation of the State of Pennsylvania, having its principal office at Scranton, Pa. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated hereinafter were obtained from a balance sheet statement as of date of valuation, certified by the comptroller of the company, and filed with us.
The Eriton Railroad is controlled by the Erie through ownership of its entire outstanding capital stock. The records do not indicate that this company controls any other common-carrier corporation. The property of the Eriton Railroad has been operated by the Erie from the date of completion thereof to December 31, 1917. The common-carrier property of the company was taken over for operation by the United States Railroad Administration on January 1, 1918, as a part of the system of the Erie, and it is so operated on date of valuation.
Corporate History
[edit]The Eriton Railroad was incorporated October 3, 1906, under the general laws of Pennsylvania, for the purpose of contructing[sic] and operating a railroad from Eriton Mines, Pa., to a connection with the railroad of the Buffalo, Rochester and Pittsburgh Railway Company near Clearfield and Mahoning Junction, Pa. The date of organization was October 13, 1906.
Development of Fixed Physical Property
[edit]The owned mileage of the Eriton Railroad, extending from a connection with the railroad of the Buffalo, Rochester and Pittsburgh Railway Company at Eriton Junction to Eriton Mines, Pa., 0.889 mile, was constructed for it by the Erie, during the period from October, 1906, to January, 1908.
Leased Railway Property
[edit]The entire property of the Eriton Railroad was solely operated by the Erie from the date of completion thereof to December 31, 1917, by virtue of stock control. From January 1, 1918, to date of valuation the property of this company has been operated by the United States Railroad Administration as a part of the system of the Erie. Details with respect to the operation of this property are given in the chapter on leased railway property in the report on the Erie.