Re: (erielack) Pascack Valley / NJ&NY name change?

[The Jordans <jjordan_@_blast.net>]

Howard-

A ticket (Form 37) for the NJ & NY RR on Dec 17, 1936 has on its face 
and bears the legend, "New Jersey & New York Railroad, Independently 
Operated", but also bears an Erie logo.  Another ticket (Form 15) 
with no date bears the legend "New Jersey & New York Railroad, 
Peter Duryee, Trustee"

On July 1, 1939, slightly before I was born, The NJ & NJ RR along 
with it's parent, the Erie Railroad went into the hands of a receiver 
(bankrupcy).  By the end of 1939, all activity above the Woodbine 
Yard was terminated (north, or westbound by timetable).

My references all come from the book "The Pascack Valley Line" by 
Wilson E. Jones.  He never does explain who the trustee was that 
was appointed first.  Was it Banta or Duryee? And whether or not 
this was the same trustee for the Erie Railroad.

- -Joe Jordan

At 07:51 PM 12/7/01 EST, Hhaines_@_aol.com wrote:
>Dear Joe and List,
>
>One last jog of the memory:  
>When the Erie went bankrupt in 1939, it cut the NJ&NY loose "just like the 
>Susquehanna," page 29 ERIE LACKAWANNA: DEATH OF AN AMERICAN RAILROAD, by H. 
>Roger Grant, 1994.   That explains the "trustee" name on the timetables, but 
>I have yet to unravel the reason Erie continued to operate the line.  Later 
>in the same book, Grant explains that the NJ&NY bonds were rolled into the 
>Erie Lackawanna Railway of 1967-1968.
>The book does not explain the Pascack Valley name.
>
>H Haines
>ELHS #1447
>
>

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