Wikipedia:WikiProject Trains/ICC valuations/Chicago, Indianapolis and Louisville Railway

Interstate Commerce Commission, Valuation Reports, Volume 25

Location and General Description of Property
The railroad of Chicago, Indianapolis and Louisville Railway Company, herein called the carrier, is a single-track, standard-gauge, steam railroad, located in the States of Indiana, Kentucky, and Illinois. The owned mileage consists of two main lines and two branches in Indiana and terminal property in Chicago, Ill., and in Louisville, Ky. One main line in Indiana extends northerly from the southern border of the State at New Albany to the northern border at Michigan City, and the other main line extends southeasterly from the Illinois Indiana State line, near Hammond, across the first-mentioned line at Monon, to Indianapolis. Branches extend from Bedford to Switz City and from Orleans to French Lick. The lines used under lease extend from Wallace Junction on the main line to Andromeda, with branches from Clear Creek to Harrodsburg, all in the State of Indiana. The carrier also solely uses under lease terminal property in Chicago, Ill., and in Louisville, Ky.

The most important trackage rights enjoyed by the carrier are over the Chicago and Western Indiana Railroad Company from Hammond, Ind., to Chicago, Ill.; over Kentucky and Indiana Terminal Railroad Company and the Louisville and Nashville from New Albany, Ind., to Louisville, Ky.; over the Illinois Central from Switz City, Ind., to west of Victoria, Ind.; and over the Cleveland, Cincinnati, Chicago and St. Louis Railroad Company and the Lake Erie and Western Railroad Company in Indianapolis, Ind., from Massachusetts Avenue into the depot of Indianapolis Union Railway.

The carrier wholly owns and uses 749.027 miles of all tracks and uses but does not own 105.267 miles of all tracks. These tracks are classified in the track mileage table in Appendix 1, in which appendix will also be found further description of the properties operated by the carrier.

Corporate History
The carrier was incorporated on March 31, 1897, under the general laws of the State of Indiana, for the purpose of acquiring the properties of the Louisville, New Albany and Chicago Railway Company, the Bedford & Bloomfield Railroad Company, the Orleans, West Baden and French Lick Springs Railway Company, the La Fayette and Monon Railway Company, and the Chicago and Indianapolis Terminal Company. These properties were acquired by deeds dated March 31 and April 1, 1897, from a reorganization committee which had purchased the same at foreclosure sale, with the exception of the Chicago and Indianapolis Terminal Company, which the committee purchased from the owners thereof. The books of the carrier, however, were not opened until July 1, 1897. The principal office of the carrier is at Indianapolis, Ind. Since 1902, the Louisville and Nashville Railroad Company and the Southern Railway Company have controlled the carrier, through joint ownership of a majority of its capital stock. The detailed facts as to the development of the fixed physical property are given in Appendix 2.

The following statement shows facts concerning the incorporation and demise of corporations which were involved in the corporate line of succession culminating in the carrier. Reference to each of these corporations is made in the last column by its respective number in the first column. For data relating to predecessor companies, reference is made to the accounting report:

Development of Fixed Physical Property
The railroad owned by the carrier on date of valuation, all in the State of Indiana, was acquired on March 31, 1897, from the reorganization committee which had previously purchased the same. Information concerning the location of the road purchased, dates of construction, and mileage is shown in the following tabulation: When the property of the La Fayette and Monon was acquired, it consisted of machine and car shops and about 13.5 miles of yard tracks located at La Fayette, Ind. The property of the Chicago and Indianapolis Terminal Company, when acquired, consisted of warehouses and storage facilities and sidetracks at Indianapolis. Neither of these two properties had any main-line mileage.

Leased Railway Property
The carrier solely or jointly uses railroad property of other carriers and other carriers jointly use property of the carrier as follows: