Wikipedia:WikiProject Trains/ICC valuations/Tionesta Valley Railway
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The railroad of the Tionesta Valley Railway Company, herein called the carrier, is a single-track, narrow-gauge, steam railroad, extending northwardly from Hallton to Vandergriffs, Pa., 61.056 miles, with a branch extending from Big Run Junction, and another from near Clarendon, into adjacent timberlands, in that State, 14.133 and 6.103 miles, respectively, making the total of first main track 81.292 miles. For about 11 miles northward from Hallton, and a mile at Sheffield, there is laid an extra rail to provide for the handling of standard-gauge equipment. The carrier also owns and uses 21.599 miles of yard tracks and sidings. Its road thus embraces 102.891 miles of all tracks owned, all of which it uses.
- CORPORATE HISTORY
The carrier was incorporated February 17, 1904, under the general railroad laws of the [...] total 11 corporations [...]
| No. | Name | Incorporation | Succession |
|---|---|---|---|
| 1. | Tionesta Valley Railway Company. | Under general laws of Pennsylvania through articles of consolidation dated Feb. 16, 1904, filed Feb. 17, 1904. | |
| 2. | Tionesta Valley Railway Company. | Under general laws of Pennsylvania through articles of consolidation dated Aug. 3, 1894, filed Aug. 11, 1894. | Consolidated Feb. 17, 1904, with 9 to form 1. |
| 3. | Tionesta Valley Railroad Company. | Under general laws of Pennsylvania, Sept. 9, 1879. | Consolidated Aug. 11, 1894, with 4, 5, and 7 to form 2. |
| 4. | Sheffield & Spring Creek Railroad Company. | Under general laws of Pennsylvania, Aug. 19, 1884. | Consolidated Aug. 11, 1894, with 3, 5, and 7 to form 2. |
| 5. | Warren & Farnsworth Railroad Company. | Under general laws of Pennsylvania, June 17, 1885. | Consolidated Aug. 11, 1894, with 3, 4, and 7 to form 2. |
| 6. | Warren & Farnsworth Valley Railroad Company. | Under general laws of Pennsylvania, Apr. 6, 1882. | Reorganized June 17, 1885, as 5. |
| 7. | Cherry Grove Railroad Company. | Under general laws of Pennsylvania, Dec. 3, 1884. | Consolidated Aug. 11, 1894, with 3, 4, and 5 to form 2. |
| 8. | Garfield & Cherry Grove Railroad Company. | Under general laws of Pennsylvania, June 29, 1882. | Reorganized Dec. 3, 1884, as 7. |
| 9. | Spring Creek Railway Company. | Under general laws of Pennsylvania, Oct. 8, 1902. | Consolidated Feb. 17, 1904, with 2 to form 1. |
| 10. | Elk & Highland Railway Company. | Under general laws of Pennsylvania, June 27, 1913. | Sold Aug. 25, 1913, to 1. |
| 11. | Elk & Highland Railroad | Under general laws of Pennsylvania, Apr. 4, 1898. | Reorganized June 27, 1913, to form 10. |
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The owned mileage of the carrier, amounting to 81.292 miles, was acquired partly through the reorganization of February 17, 1904, and partly through construction. The company also acquired additional mileage by purchase, but such property has been abandoned. Of the 10 corporations that comprise the line of succession culminating in the carrier as at present constituted, 4 corporations, namely, The Warren & Farnsworth Railroad Company, Cherry Grove Railroad Company, Elk & Highland Railway Company, and The Spring Creek Railway Company, did not construct any mileage. The property constructed by the carrier and the remaining corporations, the approximate dates when the various portions of the line were constructed, and the manner in which the carrier acquired the property, are indicaed in the following table:
- Acquired in the consolidation of Feb. 17, 1904:
- From the Tionesta Valley Railway Company (of 1894), constructed by—
- Tionesta Valley Railway Company—
- Extension from Parrish, various dates 7
- Other branches, various dates, approximate mileage 11
- Tionesta Valley Railroad Company—
- Sheffield to Sheffield Junction, 1880 to 1886 13
- Branch, from Brookston to near Coon River Junction, 1880 to 1886 8
- Sheffield & Spring Creek Railroad Company—
- Sheffield Junction to Parrish, 1885 to 1889 10
- Extension from Parrish, 1885 to 1889 6
- Warren & Farnsworth Valley Railroad Company, from near Clarendon to Hermits, construction began in 1882 13
- Garfield & Cherry Grove Railroad Company, Sheffield to Clarendon, 1882 and 1883 6
- (This predecessor company also constructed during 1882 and 1883 about 5 miles of railroad from Clarendon to Garfield, which was abandoned about 1894.)
- Total 74
- Tionesta Valley Railway Company—
- From the Spring Creek Railway Company, constructed by the Elk Tanning Company, a noncarrier concern, Parrish to Hallton, constructed prior to 1902 8
- 82
- From the Tionesta Valley Railway Company (of 1894), constructed by—
- Acquired by purchase, August 25, 1913:
- From the Elk & Highland Railway Company, constructed by that company, branch from near Coon River Junction to Portland, 1898 and 1899 16
- Acquired by construction:
- Hermits to Vandergriffs, about 1909 2
- Branch from Big Run, date not ascertained 14
- Branch from Farnsworth Junction, date not ascertained 5
- Other branches, various dates, approximate mileage 12
- 33
- Total acquired 131
- Abandoned, or operations discontinued:
- Extension from Parrish, about 1909 13
- Branch, from Brookston, via Coon River Junction, to Portland, about 1914 (the tracks on a portion of this branch have not been removed; the carrier states that operations will be resumed over such portion of this line at some future date) 24
- 37
- Total recorded mileage, excluding mileage not in operation as date of valuation 94
- Difference between total recorded mileage and mileage inventoried as of date of valuation 12.708
- Mileage inventoried as of date of valuation 81.292
- HISTORY OF CORPORATE FINANCING