Wikipedia:WikiProject Trains/ICC valuations/Baltimore and Ohio and Chicago Railroad

Interstate Commerce Commission, Valuation Reports, Volume 42

Location and General Description of Properties
The railroad of the Baltimore and Ohio and Chicago Railroad Company (of Illinois), hereinafter called the Baltimore and Ohio and Chicago (of Illinois), is located entirely within the State of Illinois and extends from the Indiana-Illinois State line to Rock Island Junction, with a branch line from Rock Island Junction to Brookdale. This property which forms a part of the principal main line to Chicago aggregates 5.859 miles of road with 5.880 miles of second main track.

The railroad of the Baltimore and Ohio and Chicago Railroad Company (of Ohio and Indiana), hereinafter called the Baltimore and Ohio and Chicago (of Ohio and Indiana), is located in the States of Ohio and Indiana and extends from Willard, Ohio, to the Indiana-Illinois State line, near Rock Island Junction, Ill., a distance of 257.341 miles with 257.052 miles of second main track. This property likewise forms a part of the principal main line to Chicago.

Introductory
The Baltimore and Ohio and Chicago Railroad Company (of Illinois) and the Baltimore and Ohio and Chicago Railroad Company (of Ohio and Indiana) were incorporated at the instance of the Baltimore and Ohio, the first named on February 27, 1873, under the general laws of Illinois, and the second named on December 25 and 27, 1876, under the general laws of Ohio and Indiana, respectively.

Under the charter of the Baltimore and Ohio and Chicago Railroad Company (of Illinois) the Baltimore and Ohio constructed 6.63 miles of road from the Illinois-Indiana State line to Brookdale, Ill., and under the charter of the Baltimore and Ohio and Chicago Railroad Company (of Ohio and Indiana) the properties of the Baltimore, Pittsburgh and Chicago Railway Company, Ohio Division, and the Baltimore, Pittsburgh and Chicago Railway Company, Indiana Division, were consolidated, thus extending the line of the Baltimore and Ohio from Chicago Junction, Ohio, to Brookdale, Ill., 263.29 miles.

The Baltimore and Ohio financed the construction of the 263.29 miles in question and kept the record of such construction in its own accounts until September 30, 1887, when it opened a set of books in the name of the Baltimore and Ohio and Chicago Railroad Company, in which it recorded all expenditures irrespective of the individual corporations. Owing to these conditions and for the purpose of this report the Baltimore and Ohio and Chicago Railroad Company (of Illinois) and the Baltimore and Ohio and Chicago Railroad Company (of Ohio and Indiana) and its predecessors, have been considered as one corporation and are hereinafter referred to as the Baltimore and Ohio and Chicago.

The Baltimore and Ohio and Chicago is controlled by the Baltimore and Ohio through ownership of capital stock. The records reviewed do not indicate that this company controls any common-carrier corporation.

The property of the Baltimore and Ohio and Chicago has been operated by the Baltimore and Ohio from the beginning of operation in 1874 to December 31, 1917. Since January 1, 1918, it has been operated by the United States Railroad Administration as part of the Baltimore and Ohio system.

Corporate History
The Baltimore and Ohio and Chicago, for the purpose of this report, covers the history of four corporations, one of which underwent a change of name, and comprises the line of corporate succession culminating in the Baltimore and Ohio and Chicago as at present constituted. The respective dates of incorporation and for each predecessor the date and manner of succession follow.

Development of Fixed Physical Property
The road owned extends from Chicago Junction, now Willard, Ohio, to Brookdale, Ill., 263.20 miles. Of this, 6.63 miles were constructed for the company by the Baltimore and Ohio in 1874, and 256.66 miles were acquired by consolidation, 110.29 miles from the Baltimore, Pittsburgh and Chicago Railway Company, Ohio Division, and 146.37 miles from the Baltimore, Pittsburgh and Chicago Railway Company, Indiana Division, all having been constructed for those companies by the Baltimore and Ohio in 1872 and 1873. Revision and remeasurements reduced the total mileage to 263.20.

Leased Railway Property
The entire property is leased to the Baltimore and Ohio as stated in the report on that company.

Baltimore, Pittsburgh and Chicago Railway Company, Ohio Division, and Baltimore, Pittsburgh and Chicago Railway Company, Indiana Division
The Baltimore, Pittsburgh and Chicago Railway Company, Ohio Division, and the Baltimore, Pittsburgh and Chicago Railway Company, Indiana Division, were incorporated at the instance of the Baltimore and Ohio, the first on March 13, 1872, under the general laws of Ohio, and the second on March 14, 1872, under the general laws of Indiana, for the purpose of continuing the system of the last named through these States.

Under the charter of the Baltimore, Pittsburgh and Chicago Railway Company, Ohio Division, the Baltimore and Ohio constructed 110.29 miles of road from Chicago Junction, Ohio, to the Ohio-Indiana State line near Hicksville, Ohio, and under the charter of the Baltimore, Pittsburgh and Chicago Railway Company, Indiana Division, it constructed 146.37 miles of road from the Indiana-Ohio State line, near Hicksville, Ohio, to the Indiana-Illinois State line near Wolf Lake, Ind.

These companies kept no books and issued no securities. The cost of construction was kept in the accounts of the Baltimore and Ohio and was later transferred by that company to the accounts of the Baltimore and Ohio and Chicago, as hereinbefore explained in the report on that company.