Wikipedia:WikiProject Trains/ICC valuations/Providence and Worcester Railroad
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The railroad of the Providence and Worcester Railroad Company, herein called the Providence and Worcester, is a standard-gage, double-track, steam railroad, located in the States of Massachusetts and Rhode Island. The owned mileage extends from Providence, R. I., to Worcester, Mass., with a branch line from East Providence to Valley Falls, R. I., and consists of 43.083 miles of first main track, 43.342 miles of second and other main tracks and 61.171 miles of yard tracks and sidings, aggregating 147.596 miles of all tracks.
The Providence and Worcester owns jointly with the Boston and Providence (R. I.), lessor to the carrier, each holding an undivided one-half interest, 4.970 miles of first main track, with 15.538 miles of second and other main tracks, and 30.908 miles of yard tracks and sidings, aggregating 51.416 miles of all tracks, all of which is leased to and used by the carrier.
It also owns jointly with the Norwich and Worcester, a lessor to the carrier, each holding an undivided one-half interest, 0.756 mile of first main track, 2.120 miles of second and other main tracks, and 0.851 mile of yard tracks and sidings, aggregating 3.717 miles of all tracks, all of which is leased to and used by the carrier.
It also owns jointly with the Norwich and Worcester and the Boston and Maine Railroad, each holding an undivided one-third interest, 0.283 mile of first main track, 0.784 mile of second and other main tracks, and 0.085 mile of yard tracks and sidings, aggregating 1.152 miles of all tracks, which the carrier uses jointly with the Boston and Maine Railroad. These undivided joint mileages are not included in the wholly owned mileage given above. All of the property of the Providence and Worcester is leased to and operated by the carrier.
- PROVIDENCE AND WORCESTER
- CORPORATE HISTORY
The Providence and Worcester was formed November 25, 1845, as a consolidation of the Providence and Worcester Railroad Company (Mass.), incorporated in Massachusetts by special act March 12, 1844, and the Providence and Worcester Railroad Company (R. I.), incorporated in Rhode Island by special act May 10, 1844.
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The property of the Providence and Worcester was constructed by its own forces, and construction completed, as follows:
- Providence, R. I., to Millville, Mass., 1847 19.00
- Millville to Worcester, Mass., 1847 23.00
- Valley Falls branch, R. I., 1874 7.00
- Total 49.00
The Providence and Worcester deeded to the Boston and Providence (R. I.) a half Interest in the 4.970 miles of road from Massachusetts State line to Boston Switch, R. I. The remainder of the mileage, which constitutes the road mileage wholly owned, is now surveyed to be 43.083 miles.
The Providence and Worcester has joint interest in 0.756 mile of road with the Norwich and Worcester; and in 0.283 mile of road at Worcester, Mass., with the Norwich and Worcester and the Boston and Maine Railroad.
- HISTORY OF CORPORATE FINANCING