Syracuse and Binghamton Railroad
Encyclopedia
The Syracuse and Binghamton Railroad was established on August 18, 1851, and opened for business on October 18, 1854. The road merged in 1856 into Syracuse and Southern Railroad which was renamed to Syracuse, Binghamton and New York Railroad when the company reorganized after foreclosure in 1857.
The road linked to the earlier Oswego and Syracuse Railroad
line shortly after both came under control of the Delaware, Lackawanna and Western Railroad (DL&WRR)
in 1869. This was accomplished despite difficulties caused by the use of wide gauge rails by one railroad and standard gauge by the other.
to Binghamton
for a total distance of 81 miles (130.4 km). The company was chartered as the Syracuse and Binghamton Railroad Company on August 18, 1851, and opened for business on October 18, 1854.
The railroad brought coal from the Pennsylvania
mines to be used as fuel in the salt industry
in Syracuse, New York
.
in 1853 after the act was authorized by the New York State Legislature.
in 1869.
By December 1888, the company's rolling stock consisted of 20 locomotive engines, 9 passenger, baggage and mail cars, 594 freight, including box and platform, 75 service cars and 9 cabooses. The company had capital stock outstanding of $2,500,000 and funded debt of $1,966,000 due in 1906.
As a result of the DL&WR
buying the Syracuse, Binghamton and New York Railroad in 1869, and leasing the Oswego and Syracuse Railroad
on February 13, 1869, the company gained a branch from Binghamton north and northwest via Syracuse to Oswego, a port on Lake Ontario
.
. Additionally, E. F. Holden of Syracuse
and Arthur D. Chambers of Orange, New Jersey
. Samuel Sloan was president of the company, Fred F. Chambers was secretary and Frederick H. Gibbens was treasurer. The company was headquartered at 26 Exchange Place in New York City
.
as determined by the New York State Tax Commission was $99,040, up from $98,106 in 1919.
The road linked to the earlier Oswego and Syracuse Railroad
Oswego and Syracuse Railroad
The Oswego and Syracuse Railroad was formed April 29, 1839, and the route was surveyed during the summer of that year. The Company was fully organized March 25, 1847. The road was opened on May 14, 1848, and ran a total distance of from Syracuse, New York to Oswego, New York...
line shortly after both came under control of the Delaware, Lackawanna and Western Railroad (DL&WRR)
Delaware, Lackawanna and Western Railroad
The Delaware, Lackawanna and Western Railroad Company was a railroad connecting Pennsylvania's Lackawanna Valley, rich in anthracite coal, to Hoboken, New Jersey, , Buffalo and Oswego, New York...
in 1869. This was accomplished despite difficulties caused by the use of wide gauge rails by one railroad and standard gauge by the other.
History
The Syracuse and Binghamton Railroad ran from GeddesGeddes, New York
Geddes is a town in Onondaga County, New York, United States. The population was 17,740 at the 2000 census.The Town of Geddes is west of the neighborhood of Far Westside of Syracuse. The town is a western suburb of Syracuse.- History :...
to Binghamton
Binghamton, New York
Binghamton is a city in the Southern Tier of New York in the United States. It is near the Pennsylvania border, in a bowl-shaped valley at the confluence of the Susquehanna and Chenango Rivers...
for a total distance of 81 miles (130.4 km). The company was chartered as the Syracuse and Binghamton Railroad Company on August 18, 1851, and opened for business on October 18, 1854.
The railroad brought coal from the Pennsylvania
Pennsylvania
The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...
mines to be used as fuel in the salt industry
Salt industry in Syracuse, New York
The salt industry has a long history in and around Syracuse, New York. Jesuit missionaries visiting the region in 1654 were the first to report salty brine springs around the southern end of "Salt Lake", known today as Onondaga Lake...
in Syracuse, New York
Syracuse, New York
Syracuse is a city in and the county seat of Onondaga County, New York, United States, the largest U.S. city with the name "Syracuse", and the fifth most populous city in the state. At the 2010 census, the city population was 145,170, and its metropolitan area had a population of 742,603...
.
Oswego and Syracuse railroad
The Syracuse, Binghamton and New York Railroad consolidated with the Oswego and Syracuse RailroadOswego and Syracuse Railroad
The Oswego and Syracuse Railroad was formed April 29, 1839, and the route was surveyed during the summer of that year. The Company was fully organized March 25, 1847. The road was opened on May 14, 1848, and ran a total distance of from Syracuse, New York to Oswego, New York...
in 1853 after the act was authorized by the New York State Legislature.
Syracuse and Southern railroad
The road merged in 1856 into Syracuse and Southern Railroad which was renamed to Syracuse, Binghamton and New York Railroad when the company reorganized after foreclosure on April 30, 1857.Delaware, Lackawanna and Western railroad
The company was taken over by Delaware, Lackawanna and Western RailroadDelaware, Lackawanna and Western Railroad
The Delaware, Lackawanna and Western Railroad Company was a railroad connecting Pennsylvania's Lackawanna Valley, rich in anthracite coal, to Hoboken, New Jersey, , Buffalo and Oswego, New York...
in 1869.
By December 1888, the company's rolling stock consisted of 20 locomotive engines, 9 passenger, baggage and mail cars, 594 freight, including box and platform, 75 service cars and 9 cabooses. The company had capital stock outstanding of $2,500,000 and funded debt of $1,966,000 due in 1906.
As a result of the DL&WR
Delaware, Lackawanna and Western Railroad
The Delaware, Lackawanna and Western Railroad Company was a railroad connecting Pennsylvania's Lackawanna Valley, rich in anthracite coal, to Hoboken, New Jersey, , Buffalo and Oswego, New York...
buying the Syracuse, Binghamton and New York Railroad in 1869, and leasing the Oswego and Syracuse Railroad
Oswego and Syracuse Railroad
The Oswego and Syracuse Railroad was formed April 29, 1839, and the route was surveyed during the summer of that year. The Company was fully organized March 25, 1847. The road was opened on May 14, 1848, and ran a total distance of from Syracuse, New York to Oswego, New York...
on February 13, 1869, the company gained a branch from Binghamton north and northwest via Syracuse to Oswego, a port on Lake Ontario
Lake Ontario
Lake Ontario is one of the five Great Lakes of North America. It is bounded on the north and southwest by the Canadian province of Ontario, and on the south by the American state of New York. Ontario, Canada's most populous province, was named for the lake. In the Wyandot language, ontarío means...
.
Company management
By December 1888, directors of the company included Samuel Sloan, Percy R. Pyne, George Bliss, Uriel A. Murdock, Frederick H. Gibbens, Fred F. Chambers, Benjamin G. Clark, Moses Taylor Pyne, Edgar S. Auchinclose, E. R. Holden and W. S. Sloan, all of New York CityNew York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
. Additionally, E. F. Holden of Syracuse
Syracuse, New York
Syracuse is a city in and the county seat of Onondaga County, New York, United States, the largest U.S. city with the name "Syracuse", and the fifth most populous city in the state. At the 2010 census, the city population was 145,170, and its metropolitan area had a population of 742,603...
and Arthur D. Chambers of Orange, New Jersey
Orange, New Jersey
The City of Orange is a city and township in Essex County, New Jersey, United States. As of the 2010 United States Census, the township population was 30,134...
. Samuel Sloan was president of the company, Fred F. Chambers was secretary and Frederick H. Gibbens was treasurer. The company was headquartered at 26 Exchange Place in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
.
Financial
In June 1920, the total value of the Syracuse, Binghamton and New York Railway franchise in SyracuseSyracuse, New York
Syracuse is a city in and the county seat of Onondaga County, New York, United States, the largest U.S. city with the name "Syracuse", and the fifth most populous city in the state. At the 2010 census, the city population was 145,170, and its metropolitan area had a population of 742,603...
as determined by the New York State Tax Commission was $99,040, up from $98,106 in 1919.