Wikipedia:WikiProject Trains/ICC valuations/Rochester and Genesee Valley Railroad
Interstate Commerce Commission, Valuation Reports, Volume 33
Rochester and Genesee Valley Railroad
[edit]Location and General Description of Property
[edit]The railroad of the Rochester and Genesee Valley Railroad, herein called the Rochester and Genesee Valley, is a single-track line, located entirely within the State of New York and extends from Avon to Rochester, 18.491 miles. This property, which forms a part of the main line from Corning to Rochester, is equipped for electrical operation of suburban passenger trains.
Introductory
[edit]The Rochester and Genesee Valley is a corporation of the State of New York, having its principal office at Rochester, N. Y. 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 secretary and treasurer of the company, filed with us, and from other sources.
The records reviewed do not indicate that the Rochester and Genesee Valley is controlled by any individual or corporation on date of valuation, nor that it controls any common-carrier corporation.
The property of this company has been operated during its corporate life as indicated below:
- Own organization. Aug. 10, 1854, to Sept. 30, 1858.
- The Buffalo, New York and Erie Railroad Company. Oct. 1, 1858, to Apr. 30, 1863.
- Erie Railway Company and its receivers. May 1, 1863, to May 31, 1878.
- The New York, Lake Erie and Western Railroad Company and its receivers. June 1, 1878, to Nov. 30, 1895.
- The Erie. Dec. 1, 1895, to Dec. 31, 1917.
The common-carrier property of the Rochester and Genesee Valley 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 Rochester and Genesee Valley was incorporated July 2, 1851, under the general laws of New York, for a period of 200 years, to construct and operate a railroad from Rochester to Portage, N. Y., about 50 miles. The date of organization of the company was not determined.
Development of Fixed Physical Property
[edit]The owned mileage of the Rochester and Genesee Valley, 18.491 miles, was all acquired by construction during the period from about 1851 to about August 10, 1854. It was not determined whether the construction work was performed by company forces or by contract. There is a difference of 0.194 mile, between the mileage recorded by this company, 18.685 miles, and the mileage, 18.491 miles, inventoried as of date of valuation.
Leased Railway Property
[edit]The common-carrier property of the Rochester and Genesee Valley 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.