[Date Prev][Date Next] [Chronological] [Thread] [Top]

Re: (erielack) DLW Cabbage

Accoding to my handy dandy 1950 copy of Moody's Steam Railroads the DL&W
started on a program to merge all the elased lines into the DL&WCo. in 1942
and conpleted it in 1947. The SB&NY merger actually was effective on Dec.
28, 1945.  The DL&W owned 98.9% of all the stock. The remaining stock
holders wer paid $175 per share.

The Moody's are a gold mine for this kind of stuff since it is what the
stock brokers and bond sales people referred to. It also give all trackage
rights, leased lines, shared trackages, etc.  Have corporate histories,
carloadings by commodity group, cars of commodity rec'd from other
lines,etc. Every railroad is listed down to the tiniest short line.

Poor's manual of Railroads contain much the same but I am not as familair
with them. This is where you go to find the address of the outfit when your
railroad bond comes due!

Chuck Y
Boulder CO

- ----- Original Message ----- 
From: "Schuyler Larrabee" <schuyler.larrabee_@_verizon.net>
To: "'EL Mail List'" <erielack_@_lists.railfan.net>
Sent: Sunday, November 30, 2008 6:25 PM
Subject: RE: (erielack) DLW Cabbage


> Actually, Todd, I think that specific map was from the transaction
> transferring that line to . . .
> some other company.  Either Conrail, or the Susquehanna.  Note the
> outlines and the annotations
> "Carrier Land Shown Red"   "Non-Carrier " " Brown" and so on, along with
> the black stamp that
> obscures the date:  "1918 Appraisal used in Conference"  All that is
> stamped on an original which
> was in somebody's files for decades.  I think that's actual blue print
> paper, and I hope that Frank
> will keep it away from sunlight, or he will have a white sheet of paper,
> an effect I've seen happen
> in two days!  I think those stamps were applied around 1976 or so.  It
> might have been later because
> the settlement of the "EL Estate" dragged on for quite a few years after
> the formation of Conrail.
> The EL Estate declined the first offer (and quite a few more after that)
> made to pay for the lines,
> equipment and all that.  The final settlement was MUCH higher.  There
> actually was a market for EL
> Stock, which lasted (I think) into the early 80s, until the settlement was
> finally achieved and the
> result distributed to the stockholders.  The price of the stock was very
> high and very little of it
> changed hands.
>
> The Val Maps made for appraisal were done by Federal order.  Virtually
> every single mile of every
> common carrier in the United States was mapped, along with voluminous
> notes, photographs, and other
> documentation.  The quantity of everything in every building was surveyed
> and recorded, down to the
> number of kegs of nails, the number of pads of paper, pencils, etc., etc.
> The railroads knew a good
> deal when they saw one; they got the maps and many roads kept them
> updated.  That may not have been
> done in the case of this particular line, or the transaction was strictly
> about the land, so
> improvements didn't much matter.  Spurs were often put in with the track
> owned by the business it
> served, even, in some cases, the switch owned by the business, or having
> been paid for by the
> business.
>
> SGL
>
>> -----Original Message-----
>> From: Todd Stearns [mailto:toddsyr_@_twcny.rr.com]
>> Sent: Sunday, November 30, 2008 6:32 PM
>> To: EL Mail List
>> Subject: Re: (erielack) DLW Cabbage
>>
>>  I believe your map was from the Syracuse Binghamton & N.Y. era whereas
>> the
>> sauerkraut plant opened circa 1940.
>>
>> Todd K. Stearns
>>
>>
>> ----- Original Message -----
>> From: "Adams, Frank P" <frank.p.adams_@_verizonbusiness.com>
>> To: "EL Mail List" <erielack_@_lists.railfan.net>
>> Sent: Sunday, November 30, 2008 6:12 PM
>> Subject: RE: (erielack) DLW Cabbage
>>
>>
>> > >And perhaps some of the horseradish went to Gold's in Brooklyn --
>> > >which
>> > was one of the last customers on the South Brooklyn Railway under the
>> > Culver El on McDonald Avenue in Brooklyn.
>> >
>> > I think we mean sauerkraut.   Horseradish comes from that root
>> > vegetable.   On the notes I took while at Steamtown (thank you again
>> > Pat) I wrote "cabbage plant".  Alas I can't find the plant (sauerkraut
>> > factory), only the cabbage houses.  Probably I was mistaken in my
>> > notes.
>> >
>> > Frank
>>
>>
>> The Erie Lackawanna Mailing List
>> http://EL-List.railfan.net/
>> To Unsubscribe: http://Lists.Railfan.net/erielackunsub.html
>
>
> The Erie Lackawanna Mailing List
> http://EL-List.railfan.net/
> To Unsubscribe: http://Lists.Railfan.net/erielackunsub.html


	The Erie Lackawanna Mailing List
	http://EL-List.railfan.net/
	To Unsubscribe: http://Lists.Railfan.net/erielackunsub.html

------------------------------