Wikipedia:WikiProject Trains/ICC valuations/Toledo Belt Railway

Interstate Commerce Commission, Valuation Reports, Volume 31

Toledo Belt Railway

Location and General Description of Property

The railroad of the Toledo Belt Railway Company, herein called the Toledo Belt Railway, which is leased to and operated by the carrier [Wheeling and Lake Erie Railway], is a single-track, standard-gage, steam railroad, extending from a connection with the railroad of The Baltimore and Ohio Rail Road Company, near Fassett Street, to Ironville, 3.867 miles, in Toledo.

Introductory

The Toledo Belt Railway is a corporation of the State of Ohio, having its principal office at Cleveland, Ohio. The accounting records of this company are of such a fragmentary nature that nothing of value could be obtained from them regarding its financial dealings, corporate operations, or investments. However, certain information indicated hereinafter has been taken from sources other than the accounting records of the Toledo Belt Railway. It is controlled by the carrier through ownership of its entire outstanding capital stock. The records reviewed do not indicate that this company controls any common-carrier corporation.

The property of the Toledo Belt Railway has been operated by various companies and their receivers from the date of completion to December 31, 1917, as follows:

The Wheeling and Lake Erie Rail Road Co. Completion to July 8, 1884.

Receiver of The Wheeling and Lake Erie Rail Road Co. July 8, 1884, to July 1, 1886.

The Wheeling and Lake Erie Railway Company (of 1886). July 1, 1886, to Jan. 15, 1897.

Receiver of The Wheeling and Lake Erie Railway Company (of 1886). Jan. 15, 1897, to May 1, 1899.

The Wheeling and Lake Erie Railroad Company. May 1, 1899, to June 8, 1908.

Receivers of The Wheeling and Lake Erie Railroad Company. June 8, 1908, to Dec. 31, 1916.

The carrier. Jan. 1, 1917, to Dec. 31, 1917.

The property of the Toledo Belt Railway was taken over for operation by the United States Railroad Administration on January 1, 1918, as a part of the system of the carrier and it is so operated on date of valuation.

Corporate History

The Toledo Belt Railway was incorporated November 6, 1883, under the general laws of the State of Ohio for the purpose of constructing and maintaining a railroad in and around the city of Toledo, Ohio. The date of organization was November 13, 1883.

Development of Fixed Physical Property

The owned mileage of the Toledo Belt Railway, extending from a connection with the railroad of The Baltimore and Ohio Rail Road Company, near Fassett Street, to Ironville in Toledo, Ohio, 3.867 miles, was acquired by construction and was completed and placed in operation about 1883. The records reviewed do not indicate whether this property was constructed under contract or by company forces.

Leased Railway Property

The Toledo Belt Railway's property was solely operated by the carrier or its predecessors and their receivers, as hereinbefore explained, from the date of completion to December 31, 1917, by virtue of stock control. From January 1, 1918, to date of valuation the property of the Toledo Belt Railway has been operated by the United States Railroad Administration as a part of the system of the carrier. Further details are given under leased railway property in the report on the carrier.