Wikipedia:WikiProject Trains/ICC valuations/Newark and Bloomfield Railroad

Interstate Commerce Commission, Valuation Reports, Volume 39

The Newark and Bloomfield Railroad

Location and General Description of Property

The railroad of The Newark and Bloomfield Railroad Company, hereinafter called the Newark and Bloomfield, is a double-track line located within the State of New Jersey and extending from Newark to Montclair, a distance of 4.173 miles.

Introductory

The Newark and Bloomfield is a corporation of the State of New Jersey, having its principal office at New York, N. Y. It is controlled by the Lackawanna through ownership of a majority of its capital stock. On the other hand, the records reviewed do not indicate that this company controls any common-carrier corporation. The property of the Newark and Bloomfield was operated by its own organization from December 20, 1855, the date it was opened for operation, to March 31, 1868; by the Morris and Essex from April 1, 1868, to December 31, 1868; by the Lackawanna from January 1, 1869, to December 31, 1917, and by the United States Railroad Administration from that date to date of valuation as a part of the operating unit of the Lackawanna.

Corporate History

The Newark and Bloomfield was incorporated March 26, 1852, by special act of the State of New Jersey.

Development of Fixed Physical Property

The owned mileage of the Newark and Bloomfield extending from Roseville Avenue, Newark, to Mount Clair[sic], N. J., 4.173 miles, was all acquired by construction between July, 1855, and July, 1856.

Leased Railway Property

The entire property of the Newark and Bloomfield is leased to the Lackawanna for 99 years from April 1, 1868. The terms of the lease and the rental accruing for the year ended December 31, 1917, are given in the chapter on leased railway property of the report of the Lackawanna.