Wikipedia:WikiProject Trains/ICC valuations/Clarendon and Pittsford Railroad

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The railroad of Clarendon and Pittsford Railroad Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad, located in the south-central part of Vermont. The owned mileage extends northwesterly from Rutland, Vt., to Proctor and Hollister, Vt., with branches to Albertson, Florence, and Florentine. The total length of the main line and branches is 18.780 miles. The carrier also owns yard and side tracks totaling 6.388 miles. Its road thus embraces 25.168 miles of all tracks owned. In Appendix 1 will be found a general description of the property of the carrier.

Corporate history.—The carrier was incorporated on September 10, 1885, under the general laws of the State of Vermont, and organized on September 15 of the same year. The carrier was organized for the purpose of acquiring a railroad to connect the quarries of the Vermont Marble Company with Rutland Railroad Company. Its principal office is at Proctor, Vt. The Vermont Marble Company controls the carrier through ownership of its entire capital stock. The same individuals are officials of both companies. The detailed facts as to the development of the fixed physical property are given in Appendix 2.

History of corporate financing, capital stock, and long-term debt.—

The property owned by the carrier, on valuation date, was acquired as follows:
 * APPENDIX 2
 * CLARENDON AND PITTSFORD RAILROAD COMPANY
 * DEVELOPMENT OF FIXED PHYSICAL PROPERTY
 * Construction:
 * Proctor northward to Florence Junction 1885-1887 3.40
 * Proctor to West Rutland 1885-1887 8.55
 * Florence Junction to Hollister 1902 2.06
 * Total 14.01
 * Purchase:
 * Brandon and West Rutland Railroad, Florence to Florentine Quarry May 31, 1911 2.71
 * Pittsford and Rutland Railroad, Rutland to Rutland Center 1.55
 * Total 4.26
 * Total at the time it was acquired, as shown by the records 18.27
 * Mileage determined by inventory as of June 30, 1917, exceeded the above by .51
 * Total owned mileage at date of inventory 18.78

The only obtainable records of the Pittsford and Rutland Railroad Company are a minute book and articles of association filed with the State of Vermont. These records state that the company was incorporated under the general laws of that State on May 26, 1890, and was organized on June 27 of the same year. The records of the carrier state that it leased and operated the property of the Pittsford and Rutland Railroad Company without rental from the date of completion in 1890 to November 13, 1911, and that on the latter date it succeeded to the franchises, rights, and property of the company.
 * Predecessor Companies
 * PITTSFORD AND RUTLAND RAILROAD COMPANY

The Brandon and West Rutland Railroad Company was incorporated on May 27, 1901, under the general laws of Vermont, and organized on the same date. Upon the date of its incorporation the company acquired by purchase from the Rutland–Florence Marble Company about 2.712 miles of single-track standard-gauge railroad, extending from a connection with the Rutland Railroad at Florence to Florentine Quarry, Vt. No records are available showing under what conditions the property was purchased nor the nature of the considerations given therefor.
 * BRANDON AND WEST RUTLAND RAILROAD COMPANY

The property acquired by the company was originally built in two sections; the original road, between Florence and the Pittsford Italian Quarry, about 1.17 miles, was constructed during the years 1874 and 1875 by individuals, and the extension to Florentine Quarry, about 1.542 miles, was constructed in 1893 by the Smith Brainard Marble Company. Until acquired by the company the property was used as industrial tracks. The Brandon and West Rutland Railroad Company operated its railroad until May 31, 1911, when the franchises, rights, and property were purchased and operations were begun by the carrier.