Wikipedia:WikiProject Trains/ICC valuations/Virginia–Carolina Railway

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The railroad of the Virginia–Carolina Railway Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad, located in the States of Virginia and North Carolina. The owned mileage extends in a southeasterly direction from Abingdon, Va., to Elkland, N. C., a distance of 76.626 miles, with a branch extending from Damascus, Va., to the Virginia-Tennessee State line, 1.844 miles. This mainline mileage includes a spur about 1.6 miles in length, extending from Creek Junction, Va., to Grassy Ridge, Va. The carrier wholly owns and uses 83.086 miles of all tracks, and owns but does not use 1.616 miles of all tracks which are classified in the trackage table in Appendix 1.


CORPORATE HISTORY

The Virginia–Carolina Railway was incorporated on March 21, 1894, under the laws of Virginia, as the Virginia Western Coal and Iron Railroad Company. [...]

No. Name Incorporation Succession
1. Virginia–Carolina Railway Company. General laws of Virginia, Mar. 21, 1894, as the Virginia Western Coal and Iron Railway Company. Name changed Mar. 1, 1898, to that borne on date of valuation.
2. Virginia–Carolina and Southern Railway Company. General laws of Virginia, Jan. 5, 1906. Sold to 1, Oct. 16, 1912.
3. The Abingdon Coal and Iron Railroad Company. General laws of Virginia, Apr. 11, 1887. Sold to 1, Mar. 21, 1894.
DEVELOPMENT OF FIXED PHYSICAL PROPERTY


Name of company and termini Date acquired Recorded
mileage
Purchase:
The Abingdon Coal and Iron Railroad Company, Abingdon to Damascus, Va. (Including branch). Mar. 21, 1894 16.06
In course of construction when acquired. Completed by carrier between Jan. 1, 1900, and Feb. 7, 1901.
Virginia–Carolina and Southern Railway Company, Taylors Valley to Grassy Ridge, Va. Oct. 16, 1912 5.20
Construction:
Damascus to Virginia-Tennessee State line 1901 1.42
Damascus to Laureldale, Va. October, 1904 2.37
Laureldale to Taylors Valley, Va. April, 1906 4.79
Creek Junction, Va., to Elkland, N. C. May 24, 1918 48.65
Total recorded mileage 78.480
Less difference between recorded mileage and that inventoried by us 0.111
Total mileage inventoried as of date of valuation 78.369
HISTORY OF CORPORATE FINANCING