Wikipedia:WikiProject Trains/ICC valuations/Providence, Webster and Springfield Railroad

Interstate Commerce Commission, Valuation Reports, Volume 27

Location and General Description of Property
The railroad of the Providence, Webster & Springfield Railroad Company, herein called the Providence, Webster & Springfield, is a single-track branch line, within the State of Massachusetts, extending from Webster Junction to Webster, a distance of about 11 miles, with a branch line projecting from Webster Mills to East Village. The railroad embraces 12.264 miles of road.

Introductory
The Providence, Webster & Springfield is a corporation of the State of Massachusetts, having its principal office at Webster, Mass. It is controlled by the estate of H. N. Slater through ownership of a majority of its capital stock. On the other hand the records reviewed do not indicate that this company itself, controls any common-carrier corporation. The property of the Providence, Webster & Springfield was operated by the Boston and Albany from June, 1884, the date of completion, to June 30, 1900. From the latter date to date of valuation, the property has been operated by The New York Central and Hudson River Railroad Company and its successor, the New York Central.

Corporate History
The Providence, Webster & Springfield was incorporated March 23, 1882, under the general laws of the State of Massachusetts. It was organized April 7, 1882.

Development of Fixed Physical Property
The owned mileage of the Providence, Webster & Springfield 12.264 miles, was acquired by construction. The main line, extending from Auburn to Webster, Mass., about 11 miles was built during the period 1882 to 1884, and the branch line, extending from Webster Mills to East Village, Mass., was constructed in 1889.

Leased Railway Property
The entire property of the Providence, Webster & Springfield is leased to the Boston and Albany for an indefinite period from January 19, 1884. Since July 1, 1900, the property has been operated by The New York Central and Hudson River Railroad Company and its successor, the New York Central, under a contract assigned to the former by the Boston and Albany. The terms of the lease and the rental accrued for the year ending on date of valuation are given in the chapter on leased railway property in the report on the New York Central.