Little Falls & Dolgeville RR

About 3 miles North of Little Falls (rt 167) there is a remnant of a fairly large Trestle. This is near a restaurant called the Half Way. What surprises me is the condition of the Trestle. The Dolgeville line closed up in 1964. It ran from the mainline to the Adirondack Bat Co. The line north of this was closed in the 30’s. Industries in Dolgeville were shoes: Daniel Green and others as well as Hal Schumacher’s Adirondack Baseball Bat factory. The first train ran 12/14/1892 and last 7/15/1964. The last train used engine 847, a 600 hp switcher. The NYC purchased the line in 1906. Business on the line consisted of coal, iron ore, piano sounding boards, milk, pulp wood, canned goods, etc.

LITTLE FALLS AND DOLGEVILLE RAILROAD COMPANY
This company was incorporated December 27, 1902, as the successor of a company of the same name, incorporated February 20, 1891, construction of whose road was completed December 31, 1893, at a cost of $575,000, to cover which $250,000 capital stock, $250,000 first mortgage bonds and $75,000 second mortgage bonds were issued. The original company went into receivership May 27, 1899, and the first mortgage was foreclosed. The property of the company was sold July 24, 1902. Reorganization was effected and $250,000 of new capital stock and $250,000 of new first mortgage bonds were issued. The holders of the original first mortgage bonds received an amount of the new issue equal to their holdings of the old bonds and capital stock equal to the amount of unpaid interest which accrued during the receivership. The balance of the capital stock was used to pay the expense of reorganization. The operation of the road under the new organization commenced on January 1, 1903. The control of the road passed to The New York Central and Hudson River Railroad Company on July 24, 1906, through its purchase of a majority of the capital stock. Consolidated April 16, 1913.

DOLGEVILLE AND SALISBURY RAILWAY COMPANY
Organized July 8, 1907, to construct a railroad from Dolgeville to the iron mines belonging to the Salisbury Steel and Iron Company at Irondale, a distance of 3.89 miles. Under the terms of a contract dated July 24, 1906, entered into between the Salisbury Steel and Iron Company and the Little Falls and Dolgeville Railroad Company, the latter named company was to operate the road on its completion. The road was reported as completed September 1, 1909. Under the conditions of the contract, the Little Falls and Dolgeville Railroad Company agreed to pay the sum of $2.00 for each car passing over the line, the amounts so paid to be considered as installments for the purchase of the capital stock of the Dolgeville and Salisbury Railway Company. When the amount of those installments should reach the sum of the cost of construction of the Dolgeville and Salisbury Railway, the entire capital stock of $150,000 would become the property of the Little Falls and Dolgeville Railroad Company. Up to the time of the consolidation of the Little Fall and Dolgeville Railroad Company into The New York Central and Hudson River Railroad Company, April 16, 1913, the Little Falls and Dolgeville Railroad Company had paid, in the manner above described, an aggregate sum of $35,724.00. The agreement was assumed by The New York Central and Hudson River Railroad Company and the payment of the installments continued, the amount reaching the total of $40,210.00 on December 31, 1913. On completion of the necessary payments the capital stock will become the property of The New York Central and Hudson River Railroad Company.

 

See more short stories

https://penneyandkc.wordpress.com/a-collection-of-short-stories-about-railroads-book-two/

 

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