Wikipedia:WikiProject Trains/ICC valuations/Pittsburgh, Wheeling and Kentucky Railroad

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Pittsburgh, Wheeling and Kentucky Railroad

Location and General Description of Property

The railroad of the Pittsburgh, Wheeling and Kentucky Railroad Company, herein called the Pittsburgh, Wheeling and Kentucky, is a single-track, standard-gauge railroad, located entirely within the State of West Virginia, and extending from Wheeling Junction to Benwood, 28.028 miles. In addition, it owns 21.698 miles of yard and side tracks. Its road thus embraces 49.726 miles of all tracks. All the property of the Pittsburgh, Wheeling and Kentucky is operated by the Panhandle, under lease.

Corporate History

The Pittsburgh, Wheeling and Kentucky was incorporated by special act of the legislature of West Virginia on June 15, 1868, as The Pan Handle Railroad Company. Its organization was perfected on March 29, 1869. On February 16, 1871, its name was changed to Pittsburgh, Wheeling and Kentucky Railroad Company.

Development of Fixed Physical Property

The construction of the property of the Pittsburgh, Wheeling, and Kentucky, was begun under contracts in April, 1872, about four years subsequent to the date of its incorporation on June 15, 1868. Under these contracts a large amount of grading and all bridging was completed. In November, 1873, construction was suspended and was not resumed until August 21, 1877, on which date the Pittsburgh, Wheeling, and Kentucky, entered into a contract with the Pennsylvania Company for the completion of its road from Wheeling Junction to Wheeling, W. Va., about 24 miles, and on February 25, 1878, this road was opened for operation by the Pittsburgh, Cincinnati, and St. Louis Railway Company, under a lease bearing the same date. This lease was in accordance with the terms of the contract dated August 21, 1877, with the Pennsylvania Company, which provided that the control of the Pittsburgh, Wheeling and Kentucky was to be vested in that company, and that its property was to be leased to it or to such company as the Pennsylvania Company might designate. The construction of the extension from Wheeling to Benwood, W. Va., about 4 miles was begun in 1879, and was opened for operation in November, 1883, by the Pittsburgh, Cincinnati and St. Louis under the terms of the lease above referred to, dated February 25, 1878.

Leased Railway Property

On date of valuation, all of the common-carrier property of the Pittsburgh, Wheeling and Kentucky was leased to the Panhandle, under an agreement dated February 25, 1878, and that portion of Its railroad extending from Wheeling to Benwood, W. Va., was used by The Baltimore and Ohio Railroad Company under a trackage agreement dated May 10, 1883. The terms of these agreements are more fully described in the portion of this appendix devoted to the Panhandle.