Wikipedia:WikiProject Trains/ICC valuations/Chicago and Illinois Southern Railroad

Interstate Commerce Commission, Valuation Reports, Volume 46

Location and General Description of Property
The railroad of Chicago and Illinois Southern Railroad Company, hereinafter called the Chicago and Illinois Southern, is located in Chicago, Ill., and consists of a siding, 0.300 mile.

The Chicago and Illinois Southern Railroad Company is a corporation of Illinois, having its principal office in Chicago, Ill. No accounting records of this company were obtained. It was incorporated January 17, 1877, under the laws of Illinois for the purpose of constructing a railroad from the junction of the Illinois and Michigan Canal with the south branch of the Chicago River in a southerly or southwesterly direction to the Chicago, Alton & St. Louis Railroad.

In 1887 it constructed a sidetrack from the Danville elevator, across the tracks of the Chicago, Madison & Northern Railroad Company, a predecessor company of the Illinois Central, to a connection with the Chicago and Alton Railroad Company in Chicago, Ill.

Capital stock of $5,000 was authorized with shares of a par value of $100 each, of which $500 was issued, but the consideration is not of record.

The elevator was abandoned and dismantled in 1902, so the track of this company which served the elevator was of no further use. In August 1903 the Illinois Central made a payment of $7,000 to Carrington, Patten & Company for property described in the voucher as follows: "For the purchase price of the property of the railroad known as the Chicago & Illinois Southern Railroad Company represented by its capital stock—5 shares, one share each registered in the names of the following persons: Wm. T. Carrington, Geo. W. Patten, Ed. C. Vincent, J. T. Arthur and G. M. Patch." While the voucher discloses that the property of this company was purchased by the Illinois Central, there is no record of a deed conveying the same to the latter. The corporate organization is still maintained.

As nearly as could be ascertained, the Illinois Central took up a portion of the track at the crossing of the old Illinois and Michigan Canal and there is remaining a portion of about 0.19 mile connecting with the line of the Illinois Central and used as a team track.