88 REPORTS OF COMPANIES. CONTRACTS, AGREEMENTS, ETC. Adams Express Company: Railway company furnishes motive power and cars, for which the Express Company pays a percentage of its receipts. United States Government: For transportation of United States mail, under regulation of the Postoffice Department. Connecting Railroads: For the mutual interchange of traffic, settlements made monthly on basis of distance carried by each. Western Union Telegraph Company: At several points through which the telegraph line passes the railroad company furnishes office facilities and receives therefore a proportion of the telegraph receipts. are The railroads of the Southern Pennsylvania Railway and Mining Company, the Dillsburg and Mechanicsburg and the Cumberland Valley and Martinsburg and the Mont Alto leased to and operated by the Cumberland Valley Railroad Company on the terms that: The receipts from operation shall first be applied to cost of maintaining, keeping and perpetuating the properties and the equipment used thereon, and all other expenses of operation, including taxes, insurance, etc., the balance remaining to be paid to the lessor companies. DELAWARE AND HUDSON CANAL COMPANY. Date of organization: April 23, 1823. Under laws of what government or state organized: State of New York, and recognized by State of Pennsylvania. Statutes and amendments by State of New York, April 7, 1824; November 9, 1824; April 20, 1825; November 10, 1827; May 2, 1827; May 2, 1829; February 12, 1830; April 17, 1830; April 17, 1862; March 25, 1863; May 9, 1867; May 7, 1872; June 1, 1880; April 23, 1883; May 7, 1886. Statutes and amendments by the Commonwealth of Pennsylvania, March 13, 1823; April 1, 1825; June 21, 1825; April 5, 1826; November 24, 1828; March 23, 1830; April 11, 1848; April 30, 1852; April 7, 1858; March 12, 1859; April 11, 1861; April 18, 1861; September 20, 1866; April 13, 1868; March 24, 1870; May 12, 1871; May 18, 1871. Date of last meeting of stockholders for election of directors: May 11, 1897. Lackawanna and Susquehanna Valley Railroad. Branches and spurs, Schenectedy and Mechanicsville, Albany and Susquehanna, Schenectady and Duanesburgh, West Troy and Green Island, Rutland and Washington, Lake George Railroad, Whitehall and Plattsburg, Plattsburgh and Montreal, Union Railroad, Plymouth and Wilkes-Barre, Cherry Valley. Sharon and Albany, Ticonderoga Railroad, Jefferson Railroad, Nanti oke Railroad, Lehigh Valley Railroad, Lackawanna and Bloomsburg. Gravity Railroad, Total mileage, Ninevah, N. Y., East Glenville, N. Y., South Junction. N. Y. South Wilkes-Barre, Pa. Cobleskill, N. Y., Delanco Jet., N. Y. Jefferson Jet., Pa.,. Mill Creek, Pa.. Wilkes-Barre, Pa., Plymouth, Pa., Olyphant, Pa.. Honesdale, Pa., CONTRACTS, AGREEMENTS, ETC. The National Express Company, which pays for local freight one and one-half first class tariff rates; for through freight 29 cents; between New York and Rutland, Vt., and Rouses Point, N. Y., two-third first class tariff rates; between other competing points, first class tariff rates; also 10 per cent. of its profits. On the Pennsylvania Division the Express Company pays the railroad company one-half of the gross receipts. Mails are transported for the compensation fixed by the government. Wagner Palace Car Company, which is paid three cents per mile run for sleeping cars, and one cent per mile run for drawing room cars. Joint traffic agreements exist with the following named companies, the revenue being divided on the basis of mileage: Erie Railroad Company, Central Railroad Company of New Jersey, Delaware, Lackawanna and Western Railroad Company, Lehigh Valley Railroad Company, Pennsylvania Railroad Company, New York Southern and Western Railroad Company. Contracts giving this company trackage rights on other roads are in force with the companies named below. Three of the contracts allow one passenger train on foreign tracks; in two cases the rental is an arbitrary amount, in the others a proportion of the gross receipts is the basis of settlement; Erie Railroad, Jefferson Branch; Central Railroad of New Jersey, Nanticoke Railroad; Lehigh Valley Railroad Company, through their Wilkes-Barre yard; Delaware, Lackawanna and Western Railroad Company, Plymouth Junction to Bull Run. A contract with the Central Railroad Company of New Jersey gives that company trackage rights on our road between Mill Creek and Minooka Junction, payment is based on the number of passengers and tonnage of freight transported. An agreement with the Lehigh and Wilkes-Barre Railroad Company gives that company the right to use our tracks for coal only, between Wilkes-Barre and Plymouth Junction. The coal tonnage transported is the basis of settlement. An agreement with the Delaware, Lackawanna and Western Railroad Company, gives that company trackage rights on our track for coal only, between Scranton, Vine street and Green Ridge. The coal tonnage transported is the basis of settlement. The Western Union Telegraph Company receives 33 1-3 per cent. of the receipts from revenue business of the telegraph lines on the Susquehanna Division, which are owned and operated by the railroad company. One wire from Albany to Binghampton and two wires between Cooperstown and Cooperstown Junction, put up in 1897, are leased to the Western Union Telegraph Company, for a fixed annual consideration. The Western Union Telegraph Company receives 50 per cent. of the revenue business of the Rensselaer and Saratoga Railroad and branches, with the exception of one wire from Eagle Bridge to Castleton (47.56 miles), which is owned by the Western Union Telegraph Company, and operated by the railroad company; the telegraph company's share of the receipts is the same as on the rest of the lines. The telegraph line Whitehall to Rouses Point (New York and Canada Railroad Company) 113.39 miles; the poles and one wire are the property of the Great Northwestern Telegraph Company of Canada, operated in connection with the Western Union Telegraph Company. The Great Northwestern Telegraph Company has also a working contract on the lines from Plattsburgh to Ausable, and West Chazy to Movers Junction, which are operated by the railroad company. The receipts of the above lines are divided as follows: Railroad company's proportion of receipts, Great Northwestern business proper, 50 per cent. Railroad company's proportion of receipts, Western Union, 20 per cent.; balance is proportion of Great Northwestern Telegraph Company. DELAWARE, LACKAWANNA AND WESTERN RAILROAD COMPANY. Date of organization: March 11, 1853. Under laws of what government or state organized: Special act of Pennsylvania No. 123, approved March 11, 1853. If a consolidated company, name the constituent companies: Originally the Liggets Gap Railroad, incorporated by special act of Pennsylvania, approved April 7, 1832. Name changed to Lackawanna and Western Railroad by special act of Pennsylvania, approved April 14, 1851, and consolidated under special act of Pennsylvania, approved March 11, 1853, with the Delaware and Cobbs Gap Railroad (incorporated by special act of Pennsylvania, approved April 7, 1849), under present title. The following have since been consolidated with and merged into this company: Keyser Valley Railroad (incorporated under special act of Pennsylvania, approved March 13, 1865), on December 27, 1865. Nanticoke Coal and Iron Company (incorporated under special act of Pennsylvania, approved April 13, 1864), on August 12, 1870. Lackawanna and Bloomsburg Railroad (incorporated under special act of Pennsylvania, approved April 15, 1852), on June 17, 1873. Date of last meeting of stockholders for election of directors: February 23, 1897. |