Wikipedia:WikiProject Trains/ICC valuations/Hoboken Manufacturers Railroad

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The Hoboken Manufacturers Railroad Company, hereinafter called the carrier, operates a switching terminal railroad within the city of Hoboken, N. J. The main line extends from near Eighteenth Street and Park Avenue, along the water front to a point near First Street and River Street. It is a single-track, standard-gage railroad 1.632 miles long, having numerous yard tracks and sidings, aggregating 7.092 miles in length. It thus operates 8.724 miles of all tracks.

The owned property consists of certain yard tracks extending from the easterly line of Park Avenue, between Fourteenth and Fifteenth Streets, across Park Avenue, to the easterly line of Willow Avenue, certain yard tracks located on the easterly side of Hudson Street, slightly north of Eleventh Street, and property known as the Wilson platform located near the Wilson Line pier and Seventh Street extended, all on owned land; certain yard tracks located on The Delaware, Lackawanna and Western Railroad Company's right-of-way located east of Hudson Street, between Tenth and Twelfth Street extended; and 0.221 mile of the operated main line and certain yard tracks between Fourth and First Streets near River Street located on land owned by the United States Shipping Board. It also comprises improvements consisting of certain yard tracks north of Fourteenth Street west of Hudson Street extended and east of Bloomfield Street extended, and a Seatrain loading crane and other facilities on the wharf north of Fourteenth Street and the easterly side of Hudson Street extended, all located on lands owned by the Hoboken Land and Improvement Company. In all, it owns 1.375 miles of yard tracks and sidings.

In addition to its owned property, the carrier leases from the Hoboken Land and Improvement Company 0.060 mile of yard tracks and sidings, shop buildings, and dock property located north of Fourteenth Street and on the east side of Hudson Street, between Twelfth and Thirteenth Streets. It also leases from The Hoboken Rail Road Ware House and Steamship Connecting Company 1.411 miles of its operated main line, numerous yard tracks and sidings, aggregating 5.657 miles, an office building, a freight house, platforms, a track scale, and other miscellaneous facilities.

The carrier owns and uses 1.596 miles of all tracks and uses but does not own 7.128 miles of all tracks. These tracks consisting of main-line and yard tracks and sidings are further classified in the track-mileage table in appendix 1.

The carrier is controlled by the Seatrain Lines, Incorporated. Its principal business is the switching of freight cars between its rail connection, piers, and boats of the controlling company engaged in transporting by water carload freight between Hoboken, New Orleans, and Havana. The cars are loaded and unloaded on the ships by means of a huge traveling crane.

CORPORATE HISTORY

The carrier was incorporated July 21, 1902, under general laws of New Jersey, to construct, maintain, and operate a railroad in the city of Hoboken, N. J., connecting with The Hoboken Rail Road Ware House and Steamship Connecting Company, The Delaware, Lackawanna and Western Railroad Company, and other railroads.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the carrier, consisting of 0.221 mile of main track and 1.375 miles of yard tracks, was acquired by construction about 1906, and through subsequent additions and betterments. The yard tracks located partly on owned land and partly on the right-of-way of The Delaware, Lackawanna and Western Railroad Company aggregate 0.480 mile, the yard tracks owned but located on land leased from the Hoboken Land and Improvement Company aggregate 0.595 mile, and the tracks located on land owned by the United States Shipping Board aggregate 0.221 mile of main track and 0.300 mile of yard tracks, all located in the city of Hoboken, N. J.

HISTORY OF CORPORATE FINANCING

Lessor Company

THE HOBOKEN RAIL ROAD WABE HOUSE AND STEAMSHIP CONNECTING COMPANY

INTRODUCTORY

The Hoboken Rail Road Ware House and Steamship Connecting Company, is a New Jersey corporation having its principal office at Hoboken, N. J. It is controlled by the Hoboken Land and Improvement Company through ownership of 70 percent of the outstanding capital stock.

CORPORATE HISTORY

The Hoboken Rail Road Ware House and Steamship Conecting Company was incorporated September 17, 1895, under general laws of New Jersey, to construct, maintain, and operate a railroad in the "city of Hoboken, County of Hudson, New Jersey." The date of its organization was October 14, 1895.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the company consists of 1.411 miles of main line extending from a point near Eighteenth Street and Park Avenue to Fifth Street and River Road, in the city of Hoboken, N. J. It also owns 5.657 miles of yard tracks, a total of 7.068 miles of all tracks. The tracks were constructed or acquired by purchase on various dates both prior and subsequent to January 1, 1903. No details are available for track changes.

HISTORY OF CORPORATE FINANCING