Wikipedia:WikiProject Trains/ICC valuations/Pittsburg, Shawmut and Northern Railroad

http://books.google.com/books?id=Dk5Uclb4_RYC

The railroad operated by The Pittsburg, Shawmut and Northern Railroad Company, herein called the carrier, is a single-track, standard-gage, steam railroad, located in New York and Pennsylvania. The owned mileage consists of a main line extending southwesterly from Wayland Junction, N. Y., to Hyde, Pa., with branches projecting from Prosser to Olean, N. Y., Kasson to Hazelhurst, Pa., and spurs to collieries. The properties used under lease comprise additional branch lines. The carrier wholly owns 161.080 miles of road, all of which it uses. It also wholly uses 28.734 miles of road owned by two lessor companies whose entire common-carrier properties it leases and operates, and wholly uses 10.380 miles of road owned by an individual, as described in the paragraphs below.

The railroad of the Clarion River Railway Company, herein called the Clarion River Railway, located entirely within the State of Pennsylvania, consists of a disconnected section of road extending from Croyland to Hallton, a distance of 11.826 miles.

The railroad of The Kersey Railroad Company, herein called the Kersey Railroad, is located within the State of Pennsylvania and extends from Paine to Cardiff, with branches to Five Points and Tyler, aggregating 16.908 miles.

The railroad leased from Frank Sullivan Smith, an individual, formerly owned by The Rochester, Hornellsville and Lackawanna Railroad Company, is located entirely within the State of New York and extends from Moraine to Hornell, a distance of 10.380 miles.

In addition to the foregoing, the carrier has trackage rights over 10.26 miles of road of other carriers, as detailed in Appendix 2, part of which afford means of reaching Wayland, N. Y., and Brockwayville, Pa., the northern and southern termini of the road, respectively.

total 32 different corporations and comprise the line of corporate succession culminating in [...]

The carrier acquired its owned mileage through consolidation, merger, and construction, as detailed below:
 * DEVELOPMENT OF FIXED PHYSICAL PROPERTY

Of the 31 predecessors of this company, 22 did not construct any completed road, although some of them began construction work. The remaining companies, together with the carrier, which 10 companies constructed sections of completed road, are as follows:
 * Pittsburg, Shawmut and Northern.
 * The Rochester, Hornellsville and Lackawanna Railroad Company (constructed about 10.13 miles of road which has been acquired by Frank Sullivan Smith).
 * The Lackawanna and Pittsburgh Railroad Company.
 * The Allegany Central Rail Road Company (second corporation).
 * The Olean Rail Road Company.
 * The Friendship Rail Road Company.
 * St. Marys and Southwestern Railroad Company.
 * Buffalo and St. Marys Railroad Company.
 * Mt. Jewett and Smethport Railroad Company.
 * The Shawmut Connecting Railroad Company.

[...]

Acquired in the consolidation of Aug. 2, 1899, from—
 * The Central New York and Western Railroad Company (of 1899)—
 * Constructed by The Lackawanna and Pittsburgh Railroad Company—
 * Wayland Junction to Swains, N. Y., about 1884 17.06
 * Angelica to Rockville, N. Y., about 6.5 miles of road constructed about 1884; withdrawn from operation by a successor company about 1890; road dismantled about 1895; right of way still held by the carrier.
 * Constructed by The Allegany Central Rail Road Company (second corporation) and its predecessor companies—
 * Swains to Angelica, N. Y., completed as a narrow-gage road about 1882, gage changed to standard by The Lackawanna and Pittsburgh Railroad Company about 1884 17.55
 * Angelica to Friendship, N. Y., about 8.74 miles of narrow-gage road completed about 1882; withdrawn from operation by a successor company about 1890; road dismantled about 1894; roadbed later used by the carrier in constructing a standard-gage road between the two towns mentioned.
 * Constructed by The Friendship Rail Road Company—
 * Friendship to Bolivar, N. Y., about 13 miles of narrow-gage road completed about 1881; withdrawn from operation by a successor company about 1890; road dismantled about 1894; roadbed later used by the carrier in constructing a standard-gage road between the two towns mentioned.
 * Constructed by The Olean Rail Road Company—
 * Bolivar, via Prosser, to Olean, N. Y., constructed by this company as a narrow-gage road during 1880 or 1881; gage changed to standard by the carrier during 1901. 18.00
 * Constructed by The Rochester, Hornellsville and Lackawanna Railroad Company—
 * Moraine to Hornell, N. Y., about 10.13 miles of road constructed about 1887; sold under foreclosure, while owned by a successor company, during 1892, and acquired by individuals whose title was later acquired by Frank Sullivan Smith, the owner, on date of valuation. This property has been operated under lease by the carrier, or its predecessor company, since 1892 (mileage now reported as 10.38 miles)
 * Total 52.61
 * The Pittsburg, Shawmut & Northern Railroad Company—
 * Constructed by the Buffalo and St. Marys Railroad Company—
 * Clermont to St. Marys, Pa., 1895 and 1896 23.82
 * Constructed by the St. Marys and Southwestern Railroad Company—
 * St. Marys to Hyde, Pa., 1893 and 1894 21.85
 * Constructed by the Mt. Jewett and Smethport Railroad Company—
 * Marvindale, via Hazelhurst, to Mt. Jewett, Pa., 1893 and 1895 8.60
 * Total 54.27
 * 106.88

Acquired by merger, Jan. 20, 1905, from—
 * The Shawmut Connecting Railroad Company—
 * Constructed by this predecessor company—
 * Prosser, N. Y., to the New York-Pennsylvania State line, 1901 2.19

Acquired through construction by or for the carrier:
 * Coryville to Smethport, Pa., 1900 7.46
 * Smethport, via Kasson, to Marvindale, Pa., 1900 7.55
 * Horton City to Drummond, Pa., 1902 1.27
 * Kasson to Clermont, Pa., 1903-04 7.63
 * Angelica to Bolivar, N. Y., 1903-04 23.33
 * In this construction the carrier used an old roadbed comprising part of a completed road which had been dismantled in 1894.
 * Olean, N. Y., 1904-05 .42
 * Weedville to Browns Run, Pa., 1907 1.54
 * New York-Pennsylvania State line to Coryville, Pa., 1910 10.95
 * 60.16

Total recorded mileage acquired 169.22
 * Less reductions in mileage:
 * Revisions of line, various dates 2.91
 * Line from Hazelhurst to Mount Jewett, Pa., abandoned during 1908 5.10
 * 8.01

Total recorded mileage 161.21
 * Difference between total recorded mileage and mileage inventoried as of date of valuation 0.130
 * Mileage inventoried as of date of valuation 161.080

All mileage constructed was standard gage, except as otherwise noted. The approximately 47 miles of road shown as constructed for the carrier during the years from 1900 to 1914, inclusive, were constructed under contract by