Information About the Pelham Park Railroad at its Outset

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Those who read the Historic Pelham Blog regularly (and according to traffic reports providing page view and visitor information, that means thousands of us per month) 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::

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 "Pelham Park" 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.

"PELHAM PARK.
(Date of charter, August 30, 1884.)
NOT IN OPERATION.
-----
This company has been unable, as yet, to obtain the consent of the requisite number of property-owners along its line.  Work will be commenced as soon as the consents are obtained.

No assessment has been levied upon the subscribers, except the first one of ten per cent on $1,000 per mile as required by law, it being deemed inexpedient to call in any further sum until it is needed.

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.........2,000.00
The amount now of floating debt.........................100.00
..................................................................__________

COST OF ROAD AND EQUIPMENT.

For land, buildings and fixtures,
including land damages.....................................$137.59
.................................................................___________

CHARACTERISTICS OF ROAD.

Length of road, main line, from Bartow
station, Pelham, to Marhall's corner,about......1.50 miles.
................................................................___________

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

Assets.
Construction Account....................................$137.59
Accounts receivable...................................42,050.00
Cash on hand.................................................162.41
..............................................................___________
Total..........................................................42,350.00

Liabilities.
Capital stock............................................$42,250.00
Accounts payable............................................100.00
..............................................................___________
Total..........................................................42,350.00

NAMES AND RESIDENCES OF OFFICERS OF THE COMPANY.
Name of Directors...................................Residence.
ELIPHALET N. ANABLE......................Long Island City, N.Y.
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 to the company, Pelham Manor, Westchester county, N.Y."

Source:  Second Annual Report of the Board of Railroad Commissiones of the State of New York, For the Fiscal Year Ending September 30, 1884 -- Transmitted to the Legislature January 12, 1885 -- Vol. II, Pelham Park, pp. 1072-73 (Albany, NY:  Weed, Parsons and Company 1885).

Please Visit the Historic Pelham Web Site
Located at http://www.historicpelham.com/.
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