Wikipedia:WikiProject Trains/ICC valuations/Dayton and Michigan Railroad

Interstate Commerce Commission, Valuation Reports, Volume 42

Location and General Description of Property
The railroad of the Dayton and Michigan Railroad Company, hereinafter called the Dayton and Michigan, is located entirely within the State of Ohio and extends from Third Street, Dayton, northerly to Toledo, a distance of 139.966 miles, with 13.988 miles of second main track. This property forms a part of a through route from Cincinnati to Toledo.

Introductory
The Dayton and Michigan is a corporation of the State of Ohio, having its principal office at Dayton, Ohio. The records reviewed do not indicate that the Dayton and Michigan is controlled by any individual or corporation, nor that this company, itself, controls any other common-carrier corporation.

The property of the Dayton and Michigan was operated by the Cincinnati, Hamilton and Dayton Railroad Company, and its successor, The Cincinnati, Hamilton and Dayton Railway Company, from the date of its completion in 1859 to July 2, 1914; by the receivers of the latter from July 3, 1914, to July 18, 1917, and by the Baltimore and Ohio from that date to December 31, 1917. Since January 1, 1918, it has been operated by the United States Railroad Administration as part of the Baltimore and Ohio system.

Corporate History
The Dayton and Michigan was incorporated March 5, 1851, by special act of Ohio, for the purpose of constructing and operating a railroad from Dayton, Ohio, to the most eligible point on the Ohio-Michigan State line in the direction of Detroit, Mich.

Development of Fixed Physical Property
The owned road, approximately 139.966 miles, extending from Dayton to Toledo, Ohio, was all acquired by construction. The records indicate that approximately 141 miles was constructed in 1859 and about 1 mile in 1905.

Leased Railway Property
The entire property is leased in perpetuity to The Toledo and Cincinnati Railroad Company and subleased to the Baltimore and Ohio, as stated in the report on the latter company.