History
The Buffalo and Jamestown Railroad was incorporated on March 23, 1872 to build a line between Buffalo and Jamestown. The road was opened in sections and was completed in July 1875. The line was never financially successful and Buffalo and Jamestown Railroad was sold on December 12, 1877 to the Buffalo and South Western Railroad.
The Buffalo and South Western Railroad was short-lived and was leased by the New York, Lake Erie and Western Railroad on August 1, 1880 for an annual rental of 35 percent of the gross earnings for the line. On November 19, 1895 the Erie officially merged the Buffalo and South Western by virtue of owning 100 percent of the B&SW stock.
Read more about this topic: Buffalo And South Western Railroad
Famous quotes containing the word history:
“Postmodernism is, almost by definition, a transitional cusp of social, cultural, economic and ideological history when modernism’s high-minded principles and preoccupations have ceased to function, but before they have been replaced with a totally new system of values. It represents a moment of suspension before the batteries are recharged for the new millennium, an acknowledgment that preceding the future is a strange and hybrid interregnum that might be called the last gasp of the past.”
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“This above all makes history useful and desirable: it unfolds before our eyes a glorious record of exemplary actions.”
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