Wikipedia:WikiProject Trains/ICC valuations/Moosic Mountain and Carbondale Railroad
Interstate Commerce Commission, Valuation Reports, Volume 33
The Moosic Mountain and Carbondale Railroad
[edit]Location and General Description of Property
[edit]The railroad of The Moosic Mountain and Carbondale Railroad Company, herein called the Moosic Mountain and Carbondale, is a single-track branch line, located entirely within the State of Pennsylvania and extends from Winton to Marshwood, 4.503 miles.
Introductory
[edit]The Moosic Mountain and Carbondale is a corporation of the State of Pennsylvania, having its principal office at Dunmore, 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, filed with us, and from other sources.
The Moosic Mountain and Carbondale is controlled by the Erie through ownership of its entire outstanding capital stock. The records reviewed do not indicate that this company controls any common-carrier corporation.
The property of the Moosic Mountain and Carbondale was operated by the New York, Lake Erie and Western Railroad Company and its receivers from the date it was placed in operation, November 1, 1888, to December 1, 1895. From the latter date to December 31, 1917, it was operated by the Erie. The common carrier property of the company was taken over for operation by the United States Railroad Administration on January 1, 1918, as part of the system of the Erie and it is so operated on date of valuation.
Corporate History
[edit]The Moosic Mountain and Carbondale was incorporated February 15, 1887, under the general laws of Pennsylvania to construct and operate a railroad from a point in or near Carbondale to a point between the Marshwood Colliery and Scranton, all in Lackawanna County, Pa. The date of its organization was August 12, 1887.
Development of Fixed Physical Property
[edit]The owned mileage of the Moosic Mountain and Carbondale, 4.503 miles, was all acquired by construction. Construction work was begun in 1887 and the railroad was completed and opened for operation on November 1, 1888. The records reviewed do not indicate whether this property was constructed under contract or by company forces. There is a difference of 0.124 mile between the mileage recorded by this company, 4.627 miles, and the mileage, 4.503 miles, inventoried as of date of valuation.
Leased Railway Property
[edit]The common-carrier property of the Moosic Mountain and Carbondale is operated on date of valuation by the United States Railroad Administration as 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.