Wikipedia:WikiProject Trains/ICC valuations/Central West Virginia and Southern Railroad

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Appendix 1

TRAFFIC CONNECTIONS

The carrier has direct connections with lines of other carriers for interchange of traffic as follows: At Hendricks with Western Maryland Railway Company; at Gladwin with Glady & Alpena Railroad Company.

PHYSICAL CONDITIONS AFFECTING CONSTRUCTION

Topography—The region traversed is mountainous, the soil being clay and loam overlying sandstone.

ECONOMIC CONDITIONS RELATING TO TRAFFIC

The principal products of this locality are those of the forest.

PHYSICAL CHARACTERISTICS OF ROAD

The grading on this road is light, averaging about 9,000 cubic yards per mile, of which about 6 per cent is loose rock and about 52 per cent is solid rock. The rail in the main track is about 39 per cent 45-pound re-lay, 27 per cent 80-pound new, 26 per cent 56-pound re-lay, 7 per cent 60-pound new, and 1 per cent 80-pound new. The main track is ballasted principally with crushed stone. A small portion is ballasted with cinders.

EQUIPMENT

The carrier owns and uses the following equipment: Five steam locomotives, wren freight-train cars, four passenger-train cars, two work-equipment units.

In addition to the above it leases from the Mather Humane Stock Transportation Company 328 stock freight-train cars.

ENGINEERING AND GENERAL EXPENDITURES

Engineering has been estimated at 4 per cent on road accounts 3 to 47. General expenditures, exclusive of interest, have been estimated at 1.5 per cent on road accounts 1 to 47, exclusive of account 2. Interest during construction has been estimated for one-half the construction period of 14 months plus 3 months, at 6 per cent per annum on all road and general-expenditures accounts, except accounts 2 and 76. Interest on equipment has been estimated for 3 months at 6 per cent per annum.

SUMMARIES

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Appendix 2

INTRODUCTORY

The carrier is a corporation of the State of West Virginia, having its principal office at Hendricks, W. Va. While the present name of the carrier is that given above, it was incorporated originally as the Black Fork Railroad Company, which was later changed to the present name of Central West Virginia and Southern Railroad Company. The records reviewed did not indicate that the carrier was controlled by any individual or corporation on the date of valuation, nor, on the other hand, that it then controlled any common-carrier corporations. The property of the carrier has been operated by its own organization daring its entire life.

CORPORATE HISTORY

The carrier was incorporated October 24, 1912, under the general laws of the State of West Virginia. The date of its organization was November 2, 1912. This company purchased on January 1, 1913, the property, rights, and franchises of the Dry Fork Railroad Company, which company had been incorporated December 14, 1892, under the general laws of the State of West Virginia.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the carrier, amounting to 29.5 miles, was all acquired by purchase from the Dry Fork Railroad Company on January 1, 1913, and was constructed by the last-mentioned company during the period June 1, 1893, to October 1, 1894.

HISTORY OF CORPORATE FINANCING

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RESULTS OF CORPORATE OPERATIONS

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INVESTMENT IN ROAD AND EQUIPMENT

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ORIGINAL COST TO DATE

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MISCELLANEOUS PHYSICAL PROPERTY

The investment of the carrier in miscellaneous physical property on date of valuation is stated in its books as $3,000, representing the cost of a house and lots in Hendricks, W. Va., acquired for cash.

AIDS, GIFTS, GRANTS, AND DONATIONS

In addition to the foregoing, 328 units of freight-train cars have been inventoried under valuation order No. 16, and none was found of record. In its report on lands it designates certain parcels as having been donated by various individuals. Neither the cost to the donors nor the value at time of acquisition has been reported by the company. In addition to the above, the report of the company upon the cost of its lands shows that certain parcels were acquired by it through deeds that recite merely nominal considerations. Since the records do not indicate that any actual payment was made in the acquisition of these lands, they have been herein designated as apparent aids.

MATERIAL AND SUPPLIES

The investment of the carrier in material and supplies on date of valuation is stated in its books as $3,486.09, consisting principally of repair parts for equipment and lumber for bridges.

LEASED RAILWAY PROPERTY

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GENERAL BALANCE SHEET STATEMENT

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DRY FORK RAILROAD COMPANY, PREDECESSOR OF THE CARRIER

INTRODUCTORY

The records reviewed did not indicate that the Dry Fork Railroad Company was controlled by any individual or corporation on December 31, 1912, the date of demise, nor, on the other hand, that it controlled any common-carrier corporations. The property of the company was operated by its own organization from the date the construction was completed, October 1, 1894, to the date of demise. The railroad operated by the Dry Fork Railroad Company on the date of demise amounted to 36.7 miles of single-track standard-gauge steam railroad, and consisted of a main line extending from Hendricks to Horton, 31 miles, and a branch line projecting from Red Creek Junction to Lanesville, 5.7 miles, all in the State of West Virginia. Of the railroad operated, 29.5 miles were owned and extended from Hendricks to Armentrout, 7.2 miles were used under agreements and extended from Armentrout to Horton, 1.5 miles, and from Red Creek Junction to Lanesville, 5.7 miles.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The road owned by the Dry Fork Railroad Company on the date of its demise extended from Hendricks to Armentrout, W. Va., 29.5 miles, and was all acquired by construction during the period June 1, 1893, to October 1, 1894.

HISTORY OF CORPORATE FINANCING

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RESULTS OF CORPORATE OPERATIONS

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INVESTMENT IN ROAD AND EQUIPMENT

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