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Buffalo, Rochester and Pittsburgh Railway Company - common
Buffalo, Rochester and Pittsburgh Railway Company - common
[19210054]
25.00EUR
Envios & Devolu��es




  Buffalo, Rochester and Pittsburgh Railway Company - common - (pdf)

Buffalo, Rochester and Pittsburgh Railway Company - common


Certificado: Shares of the Common Capital Stock, shares of the par value of $100 each

Data��o: 1903-1921 - State of New York - EUA
Assinatura: m�o assinada
Medida: 30cm x 18,5cm
Cup�oes: no
Edi��o: -
Categoria: Estradas de Ferro

Condi��o: VF+



The Buffalo, Rochester and Pittsburgh Railway was one of the more than ten thousand railroad companies founded in North America, most of which came and went. It lasted much longer than most, serving communities from the shore of Lake Ontario to the center of western Pennsylvania.

The Rochester and Pittsburgh Railroad Company was born on 29 January 1881 from the remains of the R&SL. The latter had been sold on 20 January for $600,000 to a New York syndicate of investors led by Walston H Brown. Brown, of Brown, Howard, and Company, had experience in railroad building; his company typified the many financial speculators and investment organizations which dealt in railroad companies and their securities. Another investment company to figure prominently in the BR&P history was that of Adrian Iselin. Ab initio, these investors planned expansion into the lucrative coal-haulage market. The source of the coal had by this time expanded south through western Pennsylvania into the Beech Tree area between Brockwayville and DuBois.

In a practice typical in the industry, so-called "construction companies" were formed. They were paper railroads intended for the actual building of new lines and branches but not permanent existence operating them. Thus, the Buffalo, Rochester, and Pittsburgh Railroad Company, the Great Valley and Bradford Railroad, the Bradford and State Line Railroad, and the Pittsburgh and New York Railroad built their respective lines, and then the latter three companies were folded back into the the Rochester and Pittsburgh in November 1881.

The Buffalo, Rochester, and Pittsburgh Railway was a company built on and around taking coal north out of Pennsylvania. The financial backer of the newly founded Rochester and Pittsburgh Railroad, the banking house of Adrian Iselin, owned not only an interest in the rail line but coal mines and coke processing facilities. The Iselin presence at the southern end of the BR&P was such that today's maps of the coal mining region show such place names as Adrian, Adrian Furnace, Adrian Mines, and Iselin Heights; moreover, the railroad named one entire branch after him. Iselin's intention was to ship 2000 tons of coal daily, to which end Iselin and the railroad established the Rochester and Pittsburgh Coal and Iron Company, entirely owned by the R&P. Walston H Brown was president of both corporations. The company town at the southern end of the railroad, in the 11,500 acres (47 km2) acquired by the coal company in the Punxsutawney area, was given the name Walston, Pennsylvania. The initial coal production facilities yielded approximately six hundred tons daily, at a total mine-to-carload cost of seventy-three cents per ton.

The first coal to be shipped on the R&P went to the Rochester coal merchant, Arthur G Yates. Such was the demand for coal that the coal shipments began well before track construction had been completed, leading to constant conflict in scheduling. By 1886, the railroad had some 4,182 freight cars, and 3,028 of them were coal cars. Of those, perhaps 500 belonged to the Rochester and Pittsburgh Coal and Iron Company. By the mid-1880s, the railroad was running forty or more coal trains a day. Since coke was a valuable commodity, the coal company built a mile and a quarter long string of 475 coke furnaces, the largest in the world at the time, producing 22,000 tons a month, some of which was shipped out by train. Much of the coke, however, was consumed on-site in refining the iron ore brought in by lakes freighter and trans-shipped to the iron mills by the coal trains on their way back south.

Two coal companies accounted for the coal trade carried by the railroad. At first competitors, the Rochester and Pittsburgh Coal and Iron Company and the Bell, Lewis, and Yates Coal Mining Company became very good friends when Frederick Bell, George Lewis, and Arthur Yates took seats on the Buffalo, Rochester, and Pittsburgh Railway board of directors. In fact, with Iselin's resignation as president of the railway company, Yates took his place. The two coal companies then negotiated an agreement which eased competitive pressures and allocated access to the railroad's coal-transporting capacity. While Yates concentrated on coal, Merchant ran the railroad.

Part of Yates' contribution to the BR&P's ability to haul coal was the extension of the line north from Lincoln Park through Rochester up to the coal dock it built at the mouth of the Genesee River in 1896. With an initial capacity of 4,000 tons a day, it was expanded in 1909 and 1913. To get coal to Canada, the BR&P arranged a cross-lake ferry service with the Grand Trunk Railway. This service was highly successful, carrying passengers and coal cars to Cobourg and other lake destinations. By 1913, over a million tons of coal a year passed through the Rochester coal dock.

As the national economy grew, more and more coal mines were developed along the BR&P routes. In fact, the new Indiana Branch soon yielded the greatest traffic volume as mines opened in the area south of Punxsutawney. By the 1920s, coal trains averaged 3,750 tons, requiring considerably better motive power than the archaic Consolidations of the earlier era. However, long coal drags with one or two Mallets at the head did not last forever. In the first quarter of the new century, the market share held by the comparatively costly union-made coal of Pennsylvania was driven down by the cheaper coal from the non-union mines of Kentucky and West Virginia. The companies of the Pittsburgh Coal District sought federal regulation of coal industry wages but lost. In a series of moves to protect themselves, the coal companies transferred to the BR&P not only the short-line railroads they'd built themselves but also the Genesee Coal Dock facility. This had the effect of improving the coal companies' fiscal performance, but it effectively hung an anchor on the railroad's neck as it swam in deeper and deeper waters.

The headquarters of both the Buffalo, Rochester, and Pittsburgh Railway and the Rochester and Pittsburgh Coal and Iron Company were in the elegant building on Main Street West in Rochester, and the bitter arguments between William Noonan, the head of the railway, and L W Robinson, the head of the coal company, became the stuff of local legend. In the end, both companies lost. The railroad disappeared into the B&O, and the coal company, which survived at least until 1981 in dramatically reduced size, is today no longer to be found in Rochester.

Source: Wikipedia�


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