Wikipedia:WikiProject Trains/ICC valuations/Central Vermont Railway

Interstate Commerce Commission, Valuation Reports, Volume 30

Location and General Description of Property
The railroad of Central Vermont Railway Company, herein called the carrier, is a standard-gage, steam railroad, located principally in the State of Vermont but extending a short distance into the State of New York. It also has wharf property in New York City. It is single track, with the exception of about 6 miles of double track. The owned mileage extends in a general northerly direction from Windsor, Vt., to the Vermont-Canada line, and to Rouses Point, N. Y. In addition to its owned mileage, the carrier operates, under lease, lines in the States of Connecticut, Massachusetts, and Vermont, the principal main line being that of the New London,[sic] Northern Railroad Company, which extends in a northerly direction from New London, Conn., to Brattleboro, Vt. The carrier has trackage rights from Brattleboro, to Bellows Falls, Vt., over the line of the Vermont Valley Railroad, and from Bellows Falls, Vt., to Windsor, Vt., over the line of The Sullivan County Railroad, both of these railroads being operated under agency agreement by the Boston and Maine Railroad.

The railroad of the carrier, therefore, forms but a part of the railroad system operated by it, the principal main line of which extends from New London, Conn., to Rouses Point, N. Y., and East Alburgh, Vt.

The carrier owns 241.815 miles of road, of which it uses 241.089 miles and leases 0.726 mile to The Sullivan County Railroad. It also uses, under lease, 165.975 miles of road owned by the lessor companies, which are reported upon hereinafter. The total road mileage used is 407.064. The total all-track mileage used is 566.615, of which the carrier owns 351.591 miles and the lessor companies 215.024 miles. These mileages are further classified in the trackage table in Appendix 1, where will also be found further description of these properties.

In addition, the carrier operates under an agreement 23 miles of main track and 100 miles of branch track in the Dominion of Canada. These properties are not included in this report.

Corporate History
The carrier was incorporated under the general laws of the State of Vermont, and organized on April 20, 1899, with principal office at St. Albans, Vt. The purpose of incorporation was to acquire the properties and exercise the rights and franchises of the Central Vermont Railroad Company, the Missisquoi Valley Railroad Company, and the Burlington and Lamoille Valley Railroad Company; to lease the New London Northern; and to acquire the securities of and purchase, lease, or operate other roads, either within or without the State. On April 30, 1899, the Central Vermont Railroad Company and the other two predecessor companies were consolidated to form the carrier. Further information in regard to corporate history and the development of fixed physical property is given in Appendix 2.

The corporate predecessors of the carrier, together with succession, is shown in the following table.

Development of Fixed Physical Property
The carrier acquired the properties of the Central Vermont Railroad Company, Burlington and Lamoille Valley Railroad Company, and Missisquoi Valley Railroad Company by consolidation and purchase on April 30, 1899. The following statement shows the mileage acquired from each company, the termini, and the years when the various lines were constructed.

Leased Railway Property
The carrier uses railroad property of others and other carriers use property of the carrier. The following tabulation shows the property used either solely or jointly, the periods and terms of use, and the rentals accrued for the year ended on date of valuation: