Wikipedia:WikiProject Trains/ICC valuations/Columbus, Findlay and Northern Railroad

Interstate Commerce Commission, Valuation Reports, Volume 42

Location and General Description of Property
The railroad of The Columbus, Findlay and Northern Railroad Company, hereinafter called the Columbus, Findlay and Northern, is a single-track branch line, located entirely within the State of Ohio and extends from Deshler to Findlay, a distance of 17.746 miles.

Introductory
The Columbus, Findlay and Northern is a corporation of Ohio having its principal office at Cincinnati, Ohio. No accounting records, except some data relating to the cost of land, of the Columbus, Findlay and Northern were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from the records of the Cincinnati, Hamilton and Dayton Railroad Company and The Cincinnati, Hamilton and Dayton Railway Company, and from other sources.

The Columbus, Findlay and Northern is controlled by the Toledo and Cincinnati through ownership of a majority of the outstanding capital stock. The Baltimore and Ohio owns all of the capital stock of the Toledo and Cincinnati. The records reviewed do not indicate that this company, itself, controls any other common-carrier corporation.

The Columbus, Findlay and Northern was incorporated April 18, 1887, under the laws of Ohio for the purpose of constructing or otherwise acquiring a railroad to extend from Columbus, Ohio, to a point on the Ohio-Michigan State line. The date of organization has not been ascertained. It is the successor of The McComb, Deshler and Toledo Railroad Company, which was incorporated June 2, 1879, under the laws of Ohio. The property of the latter was sold after foreclosure and conveyed by deed of May 26, 1887, to the Columbus, Findlay and Northern.

Corporate History
The Columbus, Findlay and Northern was incorporated April 18, 1887, under the laws of Ohio for the purpose of constructing or otherwise acquiring a railroad to extend from Columbus, Ohio, to a point on the Ohio-Michigan State line. The date of organization has not been ascertained. It is the successor of The McComb, Deshler and Toledo Railroad Company, which was incorporated June 2, 1879, under the laws of Ohio. The property of the latter was sold after foreclosure and conveyed by deed of May 26, 1887, to the Columbus, Findlay and Northern.

Development of Fixed Physical Property
The recorded owned mileage of the Columbus, Findlay and Northern, 17.56 miles, was acquired in part by purchase and in part by construction. The company acquired by purchase from The McComb, Deshler and Toledo Railroad Company 8.84 miles of road between Deshler and McComb, Ohio, which had been constructed by that company in 1880. The company constructed 8.80 miles of road between McComb and Findlay, Ohio, in 1888 and in 1905 reduced this mileage by 0.08 mile, due to revision of line. The inventoried mileage is 17.746.

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

The McComb, Deshler and Toledo Railroad
This company was incorporated June 2, 1879, under the laws of Ohio. No accounting records were obtained. However, certain data indicated below were obtained from the records of the Cincinnati, Hamilton and Dayton Railroad Company and The Cincinnati, Hamilton and Dayton Railway Company and from other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on date of sale, May 26, 1887, nor whether this company controlled any other common-carrier corporation. The property was operated by the Cincinnati, Hamilton and Dayton Railroad Company from the date of completion to date of sale. The company owned on date of sale approximately 8.84 miles of single-track, standard-gage, steam railroad from Deshler to McComb, Ohio. The records reviewed do not indicate the amount of capital stock or other securities issued by the company. The records of the Cincinnati, Hamilton and Dayton Railroad indicate that it advanced for construction purposes $45,306.94 which it charged to its own investment in road and equipment account.