The Syracuse, Binghamton and New York is a corporation of the State of New York, having its principal office at New York, N. Y. While the present name of this company is that given above it was incorporated originally as the Syracuse and Southern Railroad Company, which was later changed to the present name of Syracuse, Binghamton and New York Railroad Company.
It is controlled by the Lackawanna through ownership of a majority of its outstanding capital stock. On the other hand, the records do not indicate that this company controls any common-carrier corporation.
This company has not recorded the results of its corporate operations since September 30, 1912, when its property was leased to the Lackawanna.
The property of the Syracuse, Binghamton and New York was operated by its own organization from October 18, 1856, to September 30, 1912. From the latter date until December 31, 1917, it was operated by the Lackawanna and from January 1, 1918, to date of valuation it had been operated by the United States Railroad Administration as a part of the operating unit of the Lackawanna.