The company was incorporated on June 4, 1869, under the provisions of a special act of the Pennsylvania government approved on April 3, 1869, and organized on June 22, 1869, with the subscribing to the bulk of the stock. In or about 1870, the still-unbuilt railroad was leased to the Philadelphia and Reading; it opened in September 1871. The railroad's principal business was as a "milk run" line, transporting agricultural products from local farms to Phoenixville, for connections with other railroad lines and especially for shipment to Philadelphia; it also carried iron ore from nearby mines to the Phoenix Iron Company in Phoenixville. It played a role in the development of the area's graphite mining industry as well. The company was not a financial success: revenues barely covered operating costs, leaving nothing to pay to the investors. When the lease expired in 1906, the line was more formally merged into the Philadelphia and Reading Railroad system, becoming known as the Pickering Valley Branch of the Reading. The Montgomery and Chester Electric Railway, opened in 1899, provided local trolley service between Phoenixville and Spring City, to the northwest. The original line met with the Pickering Valley's at Ironsides, just west of Phoenixville; the Pickering Valley refused to allow the M&C's track to cross its own, requiring passengers to ride one trolley to Ironsides, cross the Pickering Valley's tracks, and take another car to their destination. Not until 1908 was an arrangement made to permit building a trestle 517 feet long, bridging the railroad's right of way and allowing through trolley service. Passenger service on the Pickering Valley Branch was discontinued in 1934 after it made only $13.10 in seven months, and the portion of the line from Kimberton to Byers was abandoned in 1948. The remaining track served the Phoenix steel mill until abandoned by Conrail in 1982. Little remains of the line today.
Accidents
The Pickering Valley Railroad was the scene of a significant wreck on the night of October 4, 1877. A torrential rainstorm had washed out a portion of the track near Kimberton, and a passenger train from Phoenixville, carrying about 130 people, including many returning from a Pennypacker family reunion held on the hundredth anniversary of the Battle of Germantown, ran into the washoutin the dark. The locomotive plunged thirty feet, the first passenger car fell on top of the locomotive, and the second passenger car landed atop the first. Seven passengers and crew were killed and dozens suffered varying degrees of injury. The wreck was the worst railroad accident in the history of Chester County. A coroner’s jury, investigating the accident, found that while the rainstorm was indeed phenomenal, the railroad had not allowed for sufficient drainage in the area. More dangerously, the railroad ran the train with the locomotive backwards, and the cars in improper order: The jury concluded that if the railroad had followed its own rules, and had ordered the consist so that the locomotive was first and the milk car second, followed by the two passenger cars, one of the passenger cars would have remained on the track. A lawsuit arising from the accident rose to the Supreme Court of Pennsylvania, which affirmed the judgement for the plaintiff in the amount of $3,500. That case became precedent, as the court formulated a rule that when a railroad accepts money and undertakes to transport a passenger, there arises an implied contract of care upon the part of the company, and if the passenger is injured by any accident arising from a collision or a defect in the track or equipment, negligence is presumed on the part of the railroad; the passenger needs only to prove the fact of the accident and the extent of the injury. On August 4, 1895, the evening train to Phoenixville, carrying members of the Salvation Army returning from a meeting, struck a cow near Kimberton and was derailed. The locomotive and several cars went down a steep embankment. The engineer was killed; the fireman and several passengers were seriously injured.
