NIAGARA JUNCTION RAILWAY CO. INCORPORATED AT ALBANY.
List of the Incorporators Capital Stock – Description of Road – Will Be Five and a Half Miles Long – Standard Guage – Construction to Commence at Once.
The Niagara Junction Railway Company was incorporated yesterday.
This is the road which the Cataract Construction Company intends to erect on its property in this city and town of Niagara. Yesterday at Albany the articles of incorporation were filed in the secretory of state’s office. The road will be capitalized at $800,000. Of this $160,000 will be common stock, and $140,000 preferred stock. The incorporators include: Edward D. Adams, George S. Bowdon, Charles F. Clark, Joseph Larocque, Charles Lamer, D. O. Mills, W. B. Rankine, Francis Lynde Stetson, F. W. Whitridge, Edward A. Wickes, F. C. Lawrence, Jr., George A. Morrison, Arthur H. Masten, Howard H Burden of New York. The first eleven named are designated as directors for the first year.
The construction of the road will begin at once. The line will run on the west from the present site of the Niagara Falls Paper Co. plant eastward parallel to Buffalo street and the River road, between them and the river, to the eastern extremity of the Cataract Construction Company’s lands. Thence it will take a northerly course crossing the River road at on overhead grade, also the New York Central and Erie railroad tracks right through the stretch of property of the company to the northwesterly point where it will connect with the Lockport-Rochester branch of the New York Central Railroad. A branch will to run to the steamboat landing at the Schlossor Dock and switches will connect with the Erie and New York Central roads. The road will he five and one half miles in length. The standard guage will be used and 80 pound steel rails laid. The company will push the work forward as far as possible and the road will be in operation in a short time. Already locomotives for switching purposes and flat cars have been ordered and are on their way here.
The meeting of the stockholders to perfect the organization will be held next week.
Source: The Daily Cataract, Niagara Falls, NY, 28 May 1892, p. 5, NYS Historic Newspapers.