Wikipedia:WikiProject Trains/ICC valuations/Norfolk and Western Railway

Interstate Commerce Commission, Valuation Reports, Volume 26

Location and General Description of Property
The railroad of Norfolk and Western Railway Company, herein called the carrier, is a standard-gauge railroad, located in the States of Virginia, West Virginia, Kentucky, Ohio, Maryland, and North Carolina. The main line extends from a point on tidewater, near Norfolk, Va., to Columbus, Ohio, passing through the bituminous coal fields of southwestern Virginia and of West Virginia, a distance of about 677 miles. A branch line extends from the main line at Lynchburg, Va., to Durham, N.C., about 116 miles. Another line extends for about 361 miles from Hagerstown, Md., to Winston-Salem, N.C., intersecting the main line at Roanoke, Va. Branches of the main line extend from Walton to Bristol, Va., about 110 miles; from Graham to Norton, Va., about 101 miles; and from Portsmouth to Cincinnati, Ohio, about 107 miles. Numerous smaller branches extend from these lines, chiefly to coal mine operations and other industries.

For a distance of about 30 miles, from Bluefield to Vivian, W.Va., the main line and considerable trackage in yards, passing sidings, and spurs into coal workings are electrified. The remainder of the road is operated by steam. The major part of the main line is double-track and of the entire system 25 per cent is double-track.

The total mileage wholly owned and used by the carrier aggregates 2,051.280 miles of first main track, 546.328 miles of other main track and 1,358.464 miles of yard and side tracks, making a total of 3,956,072 miles of all track. In addition the carrier jointly owns and uses an undivided mileage of 2.08 miles of first main track and 9.864 miles of all track, has trackage rights over 48.30 miles of road owned by others, operates under lease a fraction of a mile of track owned by The North Carolina Railroad Company and leases almost a mile of track to the Interstate Railroad Company. A detailed statement of mileage owned or used is given in the trackage table in Appendix 1.

Introductory
The carrier is a corporation of Virginia. Its principal office is at Roanoke, Va.

Corporate History
The carrier was incorporated by special act of Virginia, approved January 15, 1896, for the purpose of acquiring, under a plan of reorganization, the property of the Norfolk and Western Railroad Company, and the property of its leased lines, the Lynchburg and Durham Railroad Company, and the Roanoke and Southern Railway Company. The three properties in question were sold under foreclosure proceedings on September 15, September 16, and November 24, 1896, and were acquired by the carrier on October 1, October 6, and December 2, 1896, respectively.

The property of the Norfolk and Western Railroad Company was acquired directly by the carrier. The property of the Lynchburg and Durham Railroad Company and that of the Roanoke and Southern Railway Company were purchased by the Norfolk, Lynchburg and Durham, and the Norfolk, Roanoke and Southern Railroad Companies, respectively. The two last-named companies were organized on the dates of purchase for the sole purpose of acquiring and transferring the property of the companies first mentioned to the carrier. No accounting records of the two purchasing companies were available and nothing further was learned of their affairs.

From the date the properties of the Lynchburg and Durham Railroad Company and the Roanoke and Southern Railway Company were sold until the date of their acquirement by the carrier, they were operated for the benefit of the latter, and, for the purposes of this report, will be treated as having been acquired directly by the carrier.

The carrier assumed operation of the property acquired from the Norfolk and Western Railroad Company on October 1, 1896, and that of the Lynchburg and Durham Railroad Company and of the Roanoke and Southern Railway Company on October 6, and December 2, 1896, respectively. Thereafter, the carrier acquired the property, rights, and franchises of the 16 additional corporations.

The carrier and its immediate predecessors above referred to, together with their antecedents, total 62 different corporations. The following chart shows the names of the corporations, the respective dates of incorporation, and for each predecessor the date of succession, the immediately succeeding corporation, and the manner of succession. Reference to each of these corporations is made in the last column by its respective number shown in the first column.

Development of Fixed Physical Property
The carrier has reached its present state of physical development by merging other railroad properties and by construction. Following is a tabular statement showing the companies which were merged, a description of their properties at date of acquisition, together with the mileage acquired by construction: Mileage inventoried as of date of valuation 2,052.21
 * Acquired by merger, 1,806.46:
 * Norfolk and Western Railroad Company, Oct. 1, 1896, 1,327.66 —
 * Lambert Point to Bristol, Va. (including branches) 407.07
 * Roanoke, Va., to Hagerstown, Md. (including branches) 257.29
 * Radford, Va., to Columbus, Ohio (including branches) 457.12
 * Graham to Norton, Va. (including branches) 116.18
 * Lynchburg and Durham Railroad Company, Oct. 6, 1896 —
 * Lynchburg, Va., to Durham, N.C. 115.10
 * Roanoke and Southern Railway Company, Dec. 2, 1896 —
 * Roanoke, Va., to Winston-Salem, N.C. 121.81
 * Cincinnati, Portsmouth and Virginia Railroad Company, Oct. 11, 1901 —
 * Cincinnati to Sciotoville, Ohio (including branches) 130.10
 * Hillsboro Short Line Railway, June 24, 1902 —
 * At Hillsboro, Ohio 1.39
 * Radford-Southern Railroad and Mining Company, July 28, 1903 —
 * Radford to Miles, Va. Road under construction, completed by the Norfolk as an extension
 * Kenova and Big Sandy Railroad Company, May 27, 1904 —
 * Kenova to Cassville, W.Va. (Road under construction, completed by the Norfolk as an extension)
 * Iaeger and Southern Railway Company, Apr. 25, 1906 —
 * Iaeger to Ritter, W.Va. 4.90
 * Big Sandy, East Lynn and Guyan Railroad Company, Apr. 25, 1908 —
 * Wayne to East Lynn, W.Va. 7.48
 * West Virginia South Western Railway, Feb. 26, 1909 —
 * Gordon to Coalwood, W.Va. 10.96
 * Caretta Railway Company, Feb. 26, 1909 —
 * Caretta Branch Junction to Juno, W.Va. 2.52
 * Catawba Valley Railroad and Mining Company, July 30, 1909 —
 * Salem to Sandberg, Va. 9.39
 * Lynchburg Belt Line and Connecting Railway Company, Apr. 7, 1910 —
 * Phoebe to Forest, Va. 22.33
 * Blackstone and Lunenburg Railroad Company, Apr. 25, 1910 —
 * Blackstone to Dillard, Va. 5.52
 * Pocahontas and Western Railroad Company, Apr. 29, 1910 —
 * Pocahontas to Boissevain, Va. 3.29
 * Big Stony Railway Company, Dec. 9, 1910 —
 * Potts Valley Junction to Paint Bank, Va. 38.33
 * Virginia Anthracite Coal and Railroad Company, Jan. 31, 1912 —
 * Christiansburg to Blacksburg, Va. 8.88
 * Columbus Connecting and Terminal Railroad Company, Dec. 16, 1913 —
 * Terminal property in Columbus, Ohio 3.45
 * Less road now used as second main track 6.65
 * Acquired by construction:
 * Numerous branches and extensions 264.35
 * Less, Difference between total recorded mileage and mileage inventoried as of date of valuation 18.60

Leased Railway Property
The carrier uses on date of valuation facilities owned by other companies and other companies use facilities owned by the carrier to the extent indicated below. The description of the property, the period and terms of use, and the rental accrued and charged or credited to income for the year ending on date of valuation, are as follows:
 * Solely owned, but jointly used, used with—
 * Southern Railway Company and Norfolk Southern Railroad Company—
 * Passenger station at Suffolk, Va., rental consists of cost of operation and maintenance plus $2,600 (interest at 5 per cent on valuation of $52,000); all proportioned on wheelage basis—
 * Southern Railway Company, $626.06 rental.
 * Norfolk Southern Railroad Company, $225.69 rental.
 * Atlantic Coast Line Railroad Company—
 * Passenger station at Petersburg, Va., rental equal to 50 per cent of cost of maintenance and operation, including insurance and taxes, plus one-half of 4 per cent interest on a valuation of $69,705.80, $1,634.71 rental.
 * The Chesapeake and Ohio Railway Company and the Southern Railway Company—
 * Passenger station at Lynchburg, Va.; The Chesapeake and Ohio Railway Company pays $1,200 and the Southern Railway Company $1,286 per annum. Cost of maintenance and operation proportioned according to passenger-train service through station—
 * The Chesapeake and Ohio Railway Company, $1,446.27 rental.
 * Southern Railway Company, $1,556.12 rental.
 * The Baltimore and Ohio Railroad Company—
 * Passenger and freight station at Shenandoah Junction at W.Va.; rental $90 per annum plus 50 per cent of cost maintenance, $90.00 rental.
 * Southern Railway Company—
 * Passenger and freight station at Riverton, Va.; rental consists of a proportion of 5 per cent on a valuation of $15,000, plus a proportion of maintenance, based on freight revenue way bills issued and passenger cars in and out, $272.83 rental.
 * Chesapeake Western Railway—
 * Passenger and freight station at Elkton, Va.; rental $30 per month, plus 50 per cent of wages of employees (except third operator), and 50 per cent of cost of fuel and other supplies, $360.00 rental.
 * The Chesapeake and Ohio Railway Company—
 * Passenger station at Natural Bridge, Va.; rental $20 per month, plus one-third of wages of agent-operator, 60 per cent of wages of baggageman, and 50 per cent of cost of maintenance and operation of elevator, engine, and appurtenances, $120.00 rental.
 * Winston-Salem Southbound Railway Company—
 * Freight station and yard limits at Winston-Salem, N.C.; rental comprised of a proportion of 5 per cent interest on a valuation of $305,849.70, together with a proportion of maintenance and operation, based on wheelage basis, engines, $15 per day, $6,032.27 rental.
 * Virginia-Carolina Railway Company—
 * Station facilities and tracks at Abington, Va.; temporary and unimportant, with no agreement and no rental.
 * Southern Railway Company—
 * Freight station, roundhouse, turntable, and yards at Bristol, Va.; rental comprised of a proportion of 4 per cent interest on a valuation of $50,093.67, plus a proportion of maintenance and operation on wheelage basis, $1,176.20 rental.
 * Southern Railway Company and Virginia and Southwestern Railway Company—
 * Passenger station at Bristol, Va.; rental comprised of a proportion of 4 per cent interest on the valuation of $82,402.36, plus a proportion of maintenance and operation on a wheel age basis—
 * Southern Railway Company, $1,386.68 rental.
 * Virginia and Southwestern Railway Company, $746.32 rental.
 * The Pittsburgh, Cincinnati, Chicago and St. Louis Railway Company—
 * Ivorydale freight station at Cincinnati, Ohio; rental $15.75 per month, ......
 * Carolina, Clinchfield and Ohio Railway—
 * Passenger and freight station at St. Paul, Va.; rental $300 per annum, plus 50 per cent of cost of maintenance and operation, $819.68 rental.
 * Big Sandy and Cumberland Railroad Company—
 * Freight station at Devon, W.Va.; maintenance and operation divided on 50 per cent basis, $4.60 rental.
 * Williamson and Pond Creek Railroad Company—
 * Station and yard facilities at Williamson, W.Va.; proportion of expenses based on passenger and freight cars and tonnage handled at freight station, $3,291.58 rental.
 * The Chesapeake and Ohio Railway Company and The Baltimore and Ohio Rail Road Company—
 * Passenger station at Kenova, W.Va.; rental is comprised of a proportion based on passenger-train service of 5 per cent interest on a valuation of $44,910.75; maintenance, operation, and salaries of agent, porter, etc., apportioned on basis of passenger-train service—
 * The Chesapeake and Ohio Railway Company, $438.77 rental.
 * The Baltimore and Ohio Rail Road Company, $413.23 rental.
 * The Chesapeake and Ohio Railway Company—
 * Freight station at Kenova, W.Va.; tenant pays 5 per cent interest on $2,800 valuation and one-third of costs of maintenance and operation, $188.79 rental.
 * The Baltimore and Ohio Southwestern Railroad Company—
 * Passenger station at Portsmouth, Ohio; rental $50 per month, $300.00 rental.
 * Ohio River and Columbus Railway—
 * Passenger station and tracks at Sardinia, Ohio; tenant pays proportion of 5 per cent interest on $38,969.95 valuation and proportion of maintenance and operation on train basis, $106.77 rental.
 * Detroit, Toledo and Ironton Railroad Company—
 * Freight station and tracks at Glen Jean, Ohio; tenant pays 3 per cent interest on $3,171 valuation and 50 per cent of cost of maintenance and operation, including salaries of joint agents and employees, $118.20 rental.
 * The Hocking Valley Railway Company—
 * Passenger and freight station and tracks at Valley Crossing, Ohio; tenant pays 6 per cent interest on $2,533.33 valuation and 50 per cent of cost of maintenance and operation, including salaries of joint employees, $80.14 rental.
 * The Pittsburgh, Cincinnati, Chicago and St. Louis Railway Company—
 * Joyce Avenue yard, 4 tracks, and South Side yard at Columbus, Ohio; rental $1,458.64 annually, $1,458.84 rental.
 * The Chesapeake and Ohio Railway Company—
 * Interchange tracks at Glasgow, Va.; tenant pays 6 per cent interest on $2,035.54 and 50 per cent of cost of maintenance, $101.76 rental.
 * 8.5 miles of tracks from Glasgow to Loch Laird, Va.; tenant pays annual rental of $4,500 and proportion of maintenance and operation, based on engine and car mileage, $5,337.22 rental.
 * Virginia Southwestern Railway Company—
 * 17.92 miles of tracks, Norton to Toms Creek, Va.; tenant pays proportion of 5 per cent interest on $332,000 and proportion of maintenance and operation, based on engine and car mileage, $308.80 rental.
 * Carolina, Clinchfield and Ohio Railway Company—
 * 8.45 miles of tracks, Kiser to St. Paul, Va.; tenant pays 2½ per cent interest on $315,000 and proportion of cost of maintenance and operation, based on engine and car mileage, $9,843.73 rental.
 * The Baltimore and Ohio Southwestern Railroad Company—
 * 0.775 mile of interchange tracks at Bond Hill, Ohio; tenant pays annual rental of $123.45 and 50 per cent of cost of maintenance and operation, $131.80 rental.
 * The Cincinnati, Lebanon and Northern Railway Company—
 * Part of old freight station at Idlewild, Ohio; rental $85 annually, $85.02 rental.
 * Louisville and Nashville Railroad Company—
 * Terminal facilities, yard, and 1.45 miles of track at Norton, Va.; annual rental of $1,357.97 and 50 per cent of cost of maintenance and operation, $1,681.14 rental.
 * Interstate Railroad Company—
 * Station facilities and 1.06 miles of track at Norton, Va.; (includes 0.934 mile of road inventoried as used exclusively by the Interstate Railroad Company); tenant pays one half of 5 per cent interest on $4,147.96 and proportion of 5 per cent interest on $38,211.81, and proportion of taxes and maintenance of tracks, $1,179.71 rental.
 * Virginia and Kentucky Railway—
 * Passenger station, freight station, and 0.76 mile of track at Norton, Va.; annual rental of $960; one-third cost of maintenance; proportion of maintenance of station, based on engine and car service, $8.08.
 * Virginia and Southwestern Railway Company—
 * 0.12 mile of connecting tracks at Bristol, Va.; no rental or other charge.
 * The Cleveland, Akron and Columbus Railway Company—
 * Outbound freight house, yards, and connecting tracks at Columbus, Ohio; monthly rental of $1,118.98 and proportion of maintenance, taxes, insurance, etc., $13,470.28 rental.
 * Detroit, Toledo and Ironton Railroad Company—
 * Interlocking plants at Ironton, Ohio; tenant pays 5 per cent interest on $9,361.63 and 25 per cent of cost of maintenance and operation, $509.54 rental.
 * Carolina, Clinchfield and Ohio Railroad Company—
 * Water station at St. Paul, Va.; monthly rental of $10 and 50 per cent of cost of maintenance and operation, including wages of pumper, $110.00 rental.
 * Atlantic Coast Line Railroad Company—
 * Water station at Petersburg, Va.; annual rental of $69.63 and proportion of cost of maintenance, based on engines taking water, $202.52 rental.
 * The Baltimore and Ohio Southwestern Railroad Company—
 * 0.126 mile of tracks to reach Harbison-Walker plant; tenant pays 50 cents for each loaded car switched, $504.44 rental.
 * Jointly used, but not owned, owned by—
 * Virginia and Southwestern Railway Company—
 * Switching track at Bristol, Va.; track used for turning passenger trains; no rental or other charges.
 * Norfolk Terminal Railway Company—
 * Passenger station and facilities at Norfolk, Va.; used jointly by the carrier with Norfolk Southern Railroad Company and the Virginian Railway Company; tenants pay proportion of expense, maintenance, operation, interest on bonds, etc., upon user basis, $19,206.51 rental.
 * Seaboard Air Line Railway Company—
 * Freight station and interchange tracks at Kilby, Va.; carrier pays $40 annually for use of station, maintains 736 feet of interchange tracks, and pays 50 per cent of cost of maintenance and operation of buildings, $40.00 rental.
 * Durham Union Station Company—
 * Passenger station and facilities at Durham, N.C.; used jointly by the carrier with the Southern Railway and Seaboard Air Line Railway Company; tenants pay net expense of operation, maintenance, interest on bonds, etc., apportioned on user basis, $638.12 rental.
 * The Cumberland Valley Railroad Company—
 * Passenger and freight stations, transfer station, engine-house, etc., also 0.63 mile of tracks from Hagerstown Junction to North Junction at Hagerstown, Md.; tenant pays 5 per cent interest on $255,084.44 and proportion of joint expenses, maintenance, and operation, on basis of passenger trains in and out, tonnage, and cars in and out, $3,628.29 rental.
 * The Chesapeake and Ohio Railway Company—
 * Passenger station and facilities at Basic, Va.; tenant pays 4 per cent interest on one-half of $9,500 and 50 per cent of cost of maintenance and operation, $190.00 rental.
 * Winston-Salem Southbound Railway Company—
 * Unification of yards at Winston-Salem, N.C.; tenant pays proportion of 5 per cent interest on $828,132.42 and proportion of maintenance and operation, computed on car basis, $23,892.33 rental.
 * Southern Railway Company—
 * Passenger station and facilities at Winston-Salem, N.C.; tenant pays proportion of 4 per cent interest on $59,000 and proportion of cost of maintenance and operation, determined on user basis, $714.31 rental.
 * Interchange tracks at Winston-Salem, N.C.; each party maintains its own tracks; no rental.
 * The Western Maryland Railway Company—
 * Transfer station, interchange tracks, south yards, etc., at Hagerstown Junction, Md.; tenant pays 10 per cent interest on one-half of $7,013.33 valuation, $289.30 rental.
 * Ashland Coal and Iron Railway Company—
 * Freight station and facilities at Ashland, Ky.; tenant pays monthly rental of $45 and 87.50 per cent of current expenses incident to operation of joint agency, $540.00 rental.
 * Detroit, Toledo and Ironton Railway Company—
 * Tracks to reach Rogers Brown and Company at Ironton, Ohio; rental $25 annually, $25.00 rental.
 * The Baltimore and Ohio Southwestern Railroad Company—
 * Interchange tracks at Sciotoville, Ohio; tenant pays annual rental of $36 and 50 per cent of cost of maintenance, $36.00 rental.
 * Passenger station at Chillicothe, Ohio; rental $1,200 annually, $1,200.00 rental.
 * The Cleveland, Akron and Cincinnati Railway Company—
 * Passenger station at Circleville, Ohio; tenant pays 3 per cent on $11,738.56 and proportion of maintenance and operation on passenger-train basis, $368.30 rental.
 * Union Depot Company—
 * Passenger station and facilities at Columbus, Ohio; jointly used by the carrier with all other lines entering the Union Depot. The carrier pays $675 per annum as a sinking fund to retire Union Depot bonds; 8 per cent interest on $74,597.50 of Union Depot capital stock; 7 per cent interest on Union Depot bonds; current expenses, cost of maintenance and operation, after deduction of rents, etc., proportioned on user basis, $3,521.83 rental.
 * 0.30 mile of track at Columbus, Ohio; jointly used by the carrier, The Pittsburgh, Cincinnati, Chicago and St. Louis Railway Company, The Baltimore and Ohio Rail Road Company, and Central Ohio Railway; the carrier pays an annual rental of $1,500, $1,500.00 rental.
 * The Pittsburgh, Cincinnati, Chicago and St. Louis Railway Company—
 * Nine miles of track, Cincinnati to Clare, Ohio, and passenger station, engine-house, etc., at Cincinnati, Ohio; tenant pays $7 per train each way; also proportion of interest on cost and proportion of expense of operation of passenger station, engine-house, etc., upon user basis, $5,840.57 rental.
 * Passenger and freight station facilities at Clare, Ohio; tenant pays monthly rental of $3.30 and 50 per cent on joint expenses, $41.46 rental.
 * Merchants and Miners Transportation Company—
 * Wharf at Norfolk, Va.; rental $1,000 annually, $1,000.00 rental.
 * Southern Railway Company—
 * 0.472 mile of track at Durham, N.C. (includes 0.226 mile which we have inventoried as used exclusively by the carrier); rental $600 annually, $600.00
 * Coal chutes at Bristol, Va.; rental $60 annually, $60.00
 * Louisville and Nashville Railroad Company—
 * Shop and repair tracks at Norton, Va.; tenant pays one-half of 6 per cent interest on $3,378.67 value of bad-order track, $101.36 rental.
 * The Cincinnati, Lebanon & Northern Railway Company—
 * 3.62 miles of track, Cincinnati to Idlewild, Ohio; tenant pays proportion of 4½ per cent interest on $1,596,406 valuation, based on locomotive and car miles; also proportion of cost of maintenance and operation, $63,038.10 rental.

The carrier has two through passenger trains each way daily between Petersburg and Richmond, Va., over 22.50 miles of track of Atlantic Coast Line Railroad Company. These trains, while on the tracks of the Coast Line, are entirely controlled by that company, which pays, in addition to car hire, 20 cents per train-mile to cover the cost of crew, engine, and other services. The Coast Line takes all revenue from local traffic.

The carrier also has two through passenger trains each way daily between Montview and Monroe, Va., over 12 miles of tracks of the Southern Railway Company. The trains are manned by employees of the Southern Railway, which also pays for car hire and use of engine. The Southern Railway takes all revenue from local traffic.

Norfolk and Western Railroad Company
Introductory

The Norfolk and Western Railroad Company was a Virginia corporation that operated a railroad system located in the States of Virginia, West Virginia, Maryland, North Carolina, Kentucky, and Ohio. The system operated by this company, according to its records, was 1,570.35 miles in length. Of the total mileage operated, 1,327.66 miles was owned and 242.69 miles was leased. The principal lines making up the systems were as follows: Total, 1,434.28 miles.
 * Lambert Point (in Norfolk) to Bristol, Va., 412.32 miles.
 * Roanoke, Va., to Hagerstown, Md., 238.11 miles.
 * Cripple Creek Junction to Iron Ridge, Va., 45.19 miles.
 * Radford, Va., to Columbus, Ohio, 401.87 miles.
 * Graham to Norton, Va., 100.10 miles.
 * Lynchburg, Va., to Durham, N.C., 115.03 miles.
 * Roanoke, Va., to Winston-Salem, N.C., 121.30 miles.

In addition to the above total, there were numerous small branches aggregating 136.07 miles.

Development of Fixed Physical Property

The system operated by the Norfolk and Western Railroad Company at date of its demise was developed by merging railroad properties, by construction, and by leasing the property of other companies. Following is a statement showing the companies which were merged, a description of their property at date of acquisition, together with a description of the property acquired by construction and leasehold rights:

The Atlantic, Mississippi and Ohio Railroad Company
Introductory

The Atlantic, Mississippi and Ohio Railroad Company was formed by the consolidation of the Norfolk and Petersburg Railroad Company, Southside Railroad Company, Virginia and Tennessee Railroad Company, and the Virginia and Kentucky Railroad Company. The last-named company constructed no railroad property, and in conformity with an act of Virginia approved April 29, 1874, it was dropped out of the consolidation.

The Atlantic, Mississippi and Ohio Railroad Company operated its property from April 1, 1871, until June 30, 1876, when, having defaulted in the payment of interest on its first-mortgage bonds, receivers took over the property and continued operations until February 10, 1881. On the latter date the property was purchased at foreclosure sale by C. H. Clark and his associates, and was reorganized as the Norfolk and Western Railroad Company.

Complete accounting records for the period of operation by the receivers were not available. The information herein was obtained from the available accounting records and other data located in the files of the Norfolk and Western Railroad Company.

Development of Fixed Physical Property

The property acquired by the Atlantic, Mississippi and Ohio Railroad Company in the consolidation consisted of about 426.72 miles of railroad located in the State of Virginia. The main line, about 408.30 miles in length, extended from Norfolk to Bristol, Va., with two branches, aggregating about 18.42 miles, extending therefrom. The Atlantic, Mississippi and Ohio Railroad Company built no extensions to the property thus acquired.

Norfolk and Petersburg Railroad Company
Introductory

The accounting records of the Norfolk and Petersburg Railroad Company are not complete. During the Civil War the property was more or less controlled by, or in the hands of, the contending armies, and no accounting records are available for the period from January 1, 1862, to February 26, 1866, the date the property was recovered by the Norfolk and Petersburg Railroad Company. The information contained in this report was obtained from available accounting records.

Development of Fixed Physical Property

On date of its demise, the Norfolk and Petersburg Railroad Company owned about 81 miles of railroad, extending from Norfolk to Petersburg, Va., which was acquired by construction. The road was built between May, 1853, and September 1, 1858, and opened for operation on the latter date.

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