The cemetery was founded in 1847 by Eleazor Lord, first President of the Erie Railroad who intended it to become the place for US Presidents and notables of the whole country. The plan was for the Railroad to go to Piermont, the local town but this was prevented by the Railroads charter and the cemetery was left without suitable access. This company was formed around 1889 by local residents to develop roads and bridges to help with access but although General Fremont was interred there in 1890 the Arlington Cemetery gained favour to become the National Cemetery.
Capital $150,000 in shares of $25.