Wikipedia:WikiProject Trains/ICC valuations/Connellsville and Monongahela Railway

Interstate Commerce Commission, Valuation Reports, Volume 23

Location and General Description of Property
The Connellsville & Monongahela Railway Company, herein called the Connellsville & Monongahela, is a single-track line, located entirely within the State of Pennsylvania and extends from Brownsville to Moser Run Junction, with various projecting branches to coal mines and coke industries, aggregating 20.588 miles of road. Connection is made with the Monongahela Railway at both Brownsville and Moser Run Junction.

Introductory
The Connellsville & Monongahela is a corporation of the State of Pennsylvania, having its principal office at Leckrone, Pa. It is controlled by E. H. Gary and Richard Trimble, trustees, who hold a majority of capital stock for the beneficial interest of the Federal Steel Company, the company that owned a majority of capital stock. The records do not indicate that this company controls any common-carrier corporation. The property of the Connellsville & Monongahela was operated by the Pennsylvania Railroad under lease from the date the original property was acquired, March 10, 1905, to June 1, 1905. From that date to date of valuation the property has been operated by the Monongahela Railroad and its successor, the Monongahela Railway, under lease from the Pennsylvania Railroad.

Corporate History
The Connellsville & Monongahela was incorporated under the general laws of Pennsylvania, through filing with the secretary of state, March 10, 1905, an agreement dated March 6, 1905, for the purpose of consolidating the property, rights and franchises of the Masontown & New Salem Railroad Company and the Connellsville Central Railroad Company, which was done. The date of organization was March 10, 1905. The two railroad corporations named comprise the line of corporate succession culminating in the Connellsville & Monongahela as at present constituted. The Masontown & New Salem and the Connellsville Central were incorporated under the general laws of Pennsylvania, September 11, 1899, and August 12, 1902, respectively.

Development of Fixed Physical Property
The owned mileage of the Connellsville & Monongahela, 20.588 miles, was acquired partly by construction, partly by consolidation and partly by purchase. The years when the various portions of the line were constructed, and the manner in which the Connellsville & Monongahela acquired the property are indicated in the following table:

The 10.97 miles of road, acquired by construction, was constructed by the Pennsylvania Railroad for the Connellsville & Monongahela.

Leased Railway Property
The entire property of the Connellsville & Monongahela is leased to the Pennsylvania Railroad for an indefinite period from June 27, 1906, which company operated the property from March 10, 1905, to June 1, 1905, by virtue of an agreement dated October 27, 1899, with the Masonville & New Salem. From June 1, 1905, to date of valuation the property of the Connellsville & Monongahela has been solely operated by the Monongahela Railroad and its successor, the Monongahela Railway, under sublease from the Pennsylvania Railroad. Details with respect to the operation of this property are given in the chapter on leased railway property in the report on the Monongahela Railway.