Wikipedia:WikiProject Trains/ICC valuations/Hancock and Calumet Railroad

Interstate Commerce Commission, Valuation Reports, Volume 26

Location and General Description of Property
The railroad of Hancock and Calumet Rail Road Company, herein called the Hancock and Calumet, is a single-track, standard-gage, steam railroad, located in the most northerly part of the Upper Peninsula of Michigan. The owned mileage extends northeasterly from Hancock to Lake Linden, and northerly from Lake Junction on that line to Mohawk, an aggregate of 22.797 miles. The Hancock and Calumet also owns yard and side tracks totaling 34.603 miles. Its road thus embraces 57.400 miles of all tracks owned. All of the property is leased to and operated by the carrier [Mineral Range Railroad].

Corporate History
The Hancock and Calumet was incorporated on January 14, 1885, under the general laws of the State of Michigan, for the purpose of constructing and operating a narrow-gage railroad from Portage Lake to Red Jacket, Mich., about 18 miles.

The detailed facts as to the development of the fixed physical property will be found in Appendix 2.

Development of Fixed Physical Property
The owned mileage was constructed as follows:

Under a contract dated February 27, 1885, the first two sections of the line were constructed and equipped by the contractors. The rest of the line was constructed by company forces. The line as originally constructed was narrow-gage, but in 1901 it was changed to standard gage.

Leased Railway Property
The property of the Hancock and Calumet is leased to the carrier under an agreement dated June 1, 1901, for the period of its corporate existence, the terms of which agreement are stated in the report on the carrier.