Early Information Published in 1885 About the Organization of the "City Island Railroad", a Horse Railroad from Bartow Station to City Island

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As I indicated yesterday, those who read the Historic Pelham Blog regularly know that I have been working hard for the last year or so to document the history of the "horse railroad" that ran from Bartow Station to City Island during the late 19th and early 20th centuries.  For a few examples of Blog postings transcribing just a little of my research, see::

Tue., February 2, 2010:  Information About the Pelham Park Railroad at its Outset

Fri., January 22, 2010:  1884 Account of Early Origins of Horse Railroad Between Bartow Station and City Island

Tue., September 1, 2009:  Pelham News on February 29, 1884 Including Talk of Constructing a New Horse Railroad from Bartow to City Island

Wed., December 2, 2009:  Accident on Horse-Car of the Pelham Park Railroad Line in 1889

 Thu., December 31, 2009:  1887 Election of the Board of Directors of The City Island and Pelham Park Horse Railroad Company

Mon., January 4, 2010:  1888 Local News Account Describes Altercation on the Horse Railroad Running from Bartow Station to City Island

Today's posting to the Historic Pelham Blog transcribes early organizing information for the "City Island" railroad -- one of two railway corporations created and combined to permit operation of the "horse railroad" that ran from Bartow Station to City Island.  The material is transcribed below, followed by a citation to its source.

"CITY ISLAND (Pelham).
(Date of charter, August 30, 1884.)
NOT IN OPERATION.
--------
This company has obtained the consent of the local authorities and property owners to the construction of its line, but no work has been done because of the inability of the Pelham Park Railroad Company, whose road is necessary as an outlet to this road, to obtain the consent of the property owners along its line.

No assessment has been levied upon the subscribers except the first one of 10 per cent on $1,000 per mile, as required by law, and it is not probable that there will be any further assessments until the Pelham Park Railroad Company is ready to construct the its line.

STOCK AND DEBT.
Capital stock as by charter..........................$50,000.00
Capital stock, amount now............................50,000.00
Amount of stock subscribed..........................42,250.00
Total amount now paid in of capital stock...........200.00
The amount now of floating debt.........................103.75
....................................................................________
COST OF ROAD AND EQUIPMENT.
For land, buildings and fixtures,
including land damages.......................................149.33
....................................................................________
CHARACTERISTICS OF ROAD.
Length of road, main line, from Marshall's
Corner, Pelham, to Brown's Hotel, Pelham........1.5 miles.
...................................................................._________

GENERAL BALANCE SHEET, SHOWING CONDITION OF ACCOUNTS AT THE CLOSE OF BUSINESS SEPTEMBER 30, 1884.

Assets.
Construction account.......................................149.33
Accounts receivable...................................42,050.00
Cash on hand..................................................154.42
................................................................._________
Total........................................................$42,353.75

Liabilities.
Capital Stock..........................................$42,250.00
Accounts payable...........................................103.75
Total......................................................$42,353.75

NAMES AND RESIDENCE OF OFFICERS OF THE COMPANY.

Names of Directors..............................Residence.
ELIPHALET N. ANABLE..................Long Island City.
INGLIS STUART...............................New York City.
JOHN B. MILLER..............................Pelham Manor, N.Y.
C.M.H. MILLER.................................Pelham Manor, N.Y.
M.E. MILLER.....................................Pelham Manor, N.Y.
ALBERT A. MILLER.........................Pelham Manor, N.Y.
W.R. HAMBERTON.........................Pelham Manor, N.Y.

President and Sec...JOHN B. MILLER..........Pelham Manor, N.Y.
Treasurer and Supt...W.R. HAMBERTON....Pelham Manor, N.Y.

Communications intended for this company should be addressed, City Island Railroad Company, Pelham Manor, Westchester county, N.Y."

Source:  Second Annual Report of the Board of Railroad Commissioners of the State of New York, For the Fiscal Year Ending September 30, 1884, Transmitted to the Legislature January 12, 1885, Vol. II, p. 988 (Albany, NY:  Weed, Parsons and Co. 1885).

Please Visit the Historic Pelham Web Site
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