Oil Creek and Allegheny River Railway
Encyclopedia
Pennsylvania
The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...
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Initially incorporated under a special act
Private bill
A private bill is a proposal for a law that would apply to a particular individual or group of individuals, or corporate entity. If enacted, it becomes a private Act . This is unlike public bills which apply to everyone within their jurisdiction...
of Pennsylvania on 17 April 1861 as the Warren and Tidioute Railway, it changed its name first to the Warren and Franklin Railway on 31 March 1864, and finally to the Oil Creek and Allegheny River Railway on 26 February 1868, when it was consolidated with the Oil Creek Railroad, the Farmers Railroad, and the Oil City and Pithole Railroad.
In 1869, John Pitcairn
John Pitcairn, Jr.
John Pitcairn, Jr. was a Scottish-born American industrialist. With just an elementary school education, Pitcairn rose through the ranks of the Pennsylvania railroad industry, and played a significant role in the creation of the modern oil and natural gas industries...
was appointed its General Manager.
The company was sold at foreclosure
Foreclosure
Foreclosure is the legal process by which a mortgage lender , or other lien holder, obtains a termination of a mortgage borrower 's equitable right of redemption, either by court order or by operation of law...
on 29 December 1875, and was acquired 8 February 1876 by the Pittsburgh, Titusville and Buffalo Railway, which eventually became part of the Western New York and Pennsylvania Railway and the Pennsylvania Railroad
Pennsylvania Railroad
The Pennsylvania Railroad was an American Class I railroad, founded in 1846. Commonly referred to as the "Pennsy", the PRR was headquartered in Philadelphia, Pennsylvania....
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In the period just prior to foreclosure, from 1874-75, the company's president was John Scott and its treasurer was H. A. Phillips.