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Toledo, Columbus and Ohio River Railroad
The Toledo, Columbus and Ohio River Railroad Company, herein called the Toledo, Columbus and Ohio River, a single-track railroad extending from Toledo Junction to Toledo, Ohio, 80.524 miles, from Sandusky to Columbus, Ohio, 108.273 miles, Canal Dover to Marietta, Ohio, 103.062 miles, and from Loudonville to Coshocton, Ohio, 45.398 miles, with a branch from Canal Dover to Harwalk, 7.919 miles, or 345.176 miles in all.

Introductory
The Toledo, Columbus and Ohio River is a corporation of the State of Ohio, having its principal office at Columbus, Ohio. It is controlled by the Pennsylvania Company through ownership of the entire outstanding capital stock. The property of the Toledo, Columbus and Ohio River is operated by the Pennsylvania Company under agreement dated June 30, 1911.

Corporate History
The Toledo, Columbus and Ohio River was incorporated on June 21, 1911, under the general laws of Ohio, through filing an agreement, dated June 13, 1911, effective July 1, 1911, providing for the consolidation of the properties, rights, and franchises of The Toledo, Walhonding Valley & Ohio Railroad Company and The Cleveland and Marietta Railway Company. The articles of incorporation were amended on July 17,1913, to provide for changing one of the northern termini from Canal Dover to Massillon, Onto. The following chart shows the names of the corporations comprised in the corporate history of the Toledo, Columbus and Ohio River, their respectives[sic] dates of incorporation and manner and date 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 Toledo, Columbus and Ohio River owned on date of valuation approximately 345 miles of road, most of which was acquired in the consolidation of 1911. In the following table are shown the years in which and the companies by which the several parts of this property were constructed and the manner in which they were acquired by the Toledo, Columbus and Ohio River.

Acquired in consolidation of 1911:
 * From The Toledo, Walhonding Valley & Ohio Railroad Company—
 * Constructed by—
 * The Toledo, Walhonding Valley & Ohio Railroad Company—
 * Branch to Union Station, Toledo, Ohio. 0.36
 * Loudonville to Coshocton, Ohio, 1893. 45.41
 * Toledo and Woodville Railroad (City of Toledo, Ohio[)], Toledo to Woodville, Ohio, 1873. 18.62
 * The Toledo, Tiffin & Eastern Rail Road Company, Tiffin to Woodville, Ohio, 1873. 24.54
 * Mansfield, Coldwater and Lake Michigan Rail Road Company, Toledo Junction to Tiffin, Ohio, 1873. 37.11
 * The Columbus, Sandusky and Hocking Railway Company; location not recorded, 1894 or 1895. 0.60
 * The Sandusky and Columbus Short Line Railway Company, Sandusky to Columbus, Ohio, 1893. 107.69
 * Total. 234.33
 * Less mileage sold by Northwestern Ohio Railway Company in 1879. 0.07
 * 234.26
 * From The Cleveland and Marietta Railway Company, constructed by—
 * The Cleveland and Marietta Railway Company—
 * Tunnel through Liberty Hill, 1887. 2.08
 * New line around Liberty Hill after destruction of tunnel by fire, 1896. 8.24
 * Total. 10.32
 * Less road over top of Liberty Hill, abandoned in 1887, 3.17 miles, and tunnel destroyed by fire, 1893, 2.08 miles. 5.25
 * Total. 5.07
 * The Cleveland and Marietta Railroad Company undivided one-third interest in 0.55 mile of road, Zoar to Valley Junction, Ohio, constructed by it jointly with Valley Railway Company, 1883. 0.55
 * Marietta, Pittsburg and Cleveland Railway Company—
 * Marietta to Macksburg, Ohio, 1871. 25.00
 * Macksburg to Canal Dover, Ohio, 1873. 73.06
 * 103.68
 * 337.94
 * Reclassification of sidetrack, Canal Dover to Parral, Ohio, constructed by The Ohio Valley and Junction Railway Company, 1898, acquired with property of The Cleveland and Marietta Railway Company in consolidation of 1911. 3.51
 * Constructed by the Toledo, Columbus and Ohio River, Parral to Harwalk, Ohio, 1914. 4.41
 * Adjustment of mileage of undivided one-third interest, Zoarville to Valley Junction, Ohio. 0.06
 * Total mileage acquired. 345.92
 * Less sale, October 1, 1913, of branch road, Zoarville to Valley Junction, Ohio. 0.61
 * Total recorded mileage owned on date of valuation. 345.31
 * Difference between recorded mileage and mileage inventoried 0.134
 * Mileage inventoried as of date of valuation 345.176

The Toledo, Walhonding Valley & Ohio Railroad Company acquired about 0.71 mile of road from the Rolling Mill Railroad Company, which it reclassified as sidetrack. This property was constructed by the Rolling Mill Railroad Company in 1883. The Toledo, Walhonding Valley & Ohio Railroad Company also acquired 0.92 mile of road from The Zanesville and Western Railway Company, which it reclassified as sidetrack.

Mention is made in the subsequent reports on the predecessors of the Toledo, Columbus and Ohio River of certain railroad properties constructed and later abandoned or sold to companies which are not a part of the Toledo, Columbus and Ohio River.

Leased Railway Property
The property of the Toledo, Columbus and Ohio River is operated by the Pennsylvania Company under agreement of June 30, 1911, terminable upon six months' written notice. Under the terms of this agreement the Pennsylvania Company collects all revenues and receipts due the Toledo, Columbus and Ohio River, pays all operating expenses and taxes, including maintenance and renewals, and delivers to the Toledo, Columbus and Ohio River semiannually the net earnings from operation, from which the latter pays all fixed charges and dividends and reimburses the Pennsylvania Company for additions and betterments made to the property. For the year ended on date of valuation the Toledo, Columbus and Ohio River credited its income account, income from lease of road, with $1,835,892.20 as rental for its property.

The Toledo, Walhonding Valley & Ohio Railroad Company
Introductory

This company, a corporation of Ohio, was controlled on June 30, 1911, the date of consolidation with The Cleveland and Marietta Railway Company, by the Pennsylvania Company, through ownership of the entire outstanding capital stock. It owned on date of demise about 234.26 miles of standard-gauge, steam railroad, all in Ohio, extending from Toledo to Toledo Junction, near Mansfield, about 80.56 miles, from Sandusky to Columbus, about 108.29 miles, and from Loudonville to Coshocton, about 45.41 miles. From June 1, 1891, to date of demise, the property was operated by the Pennsylvania Company under lease agreement with that company dated January 17, 1879, entered into by the Northwestern Ohio Railway Comapny[sic].

Development of Fixed Physical Property

Of the road owned on date of demise about 45.77 miles had been acquired by construction and about 188.49 miles from other companies. The latter mileage was acquired in the following manner:

By consolidation of Northwestern Ohio and The Walhonding Valley Railway Company, May 22, 1891. 80.20 By purchase, after foreclosure, from The Columbus, Sandusky and Hocking Railroad Company, Oct. 15, 1902. 108.29 Total. 188.49

In addition, 0.71 mile of road was acquired on March 11, 1904, by direct purchase from the Rolling Mills Railroad Company, and about 0.92 mile of road on May 5, 1903, from The Zanesville and Western Railway Company. These latter mileages were, however, reclassified as sidetracks. Details with respect to the construction of this property will be found in the chapter on development of fixed physical property of the Toledo, Columbus and Ohio River.

Northwestern Ohio Railway Company
Introductory

This company, an Ohio corporation, owned on May 22, 1891, the date of consolidation with The Walhonding Valley Railway Company, about 80.20 miles of single-track, standard-gauge, steam railroad, all in Ohio, extending from Toledo Junction, near Mansfield, to Toledo. From October 1, 1876, to December 31, 1878, the property was operated by the Pennsylvania Company without written agreement, and from January 1, 1879, to the date of demise, by the Pennsylvania Company under lease, dated January 17, 1879, running for a period of 99 years from January 1, 1879.

Development of Fixed Physical Property

All of the road owned on the date of demise had been acquired by purchase from the following companies:


 * By purchase after foreclosure: Approximate mileage
 * The Toledo, Tiffin & Eastern Rail Road Company, Oct. 2, 1876. 24.54
 * Mansfield, Coldwater and Lake Michigan Rail Road Company, Nov. 28, 1877. 37.11
 * By direct purchase, Toledo and Woodville Railroad, Aug. 17, 1878. 18.62
 * Total. 80.27
 * Less portion of line in Toledo, Ohio, sold to The Toledo and Ann Arbor Rail Road Company, May 1, 1879. 0.07
 * Recorded mileage owned on date of demise. 80.20

Details with respect to the construction of the above property are given in the chapter on development of fixed physical property of the Toledo, Columbus and Ohio River.

Toledo and Woodville Railroad
This company was not incorporated, but was the name of a railroad built and owned by the city of Toledo, Ohio, under authority of the general law of Ohio, dated May 4, 1869, which authorized cities of the first class to build railroads and to lease and operate them. Five trustees were appointed by the Common Pleas Court of Lucas County, Ohio, who, on September 1, 1869, organized under the name of the Board of Trustees of Toledo and Woodville Railroad. These trustees are hereinafter referred to as the trustees. At its demise the company owned about 18.62 miles of railroad, extending from Toledo to Woodville, Ohio, which it had acquired by construction. A contract for the construction of the road was entered into by the trustees on June 8, 1870, with J. Edwin Conant, who abandoned it after expending about $15,000. A second contract was entered into on May 4, 1871, between the trustees, The Baltimore and Ohio, Toledo and Michigan Railroad Company, and the Mansfield, Coldwater and Lake Michigan Railway Company, whereby those companies agreed to furnish the right of way and station grounds and to build the road, including the bridge across the Maumee River. The Mansfield, Coldwater and Lake Michigan agreed to lease and operate the railroad for a term of 999 years.

In order to secure the aid of the Pennsylvania Company in the construction of the road, the Baltimore and Ohio, Toledo and Michigan, and the Mansfield, Coldwater and Lake Michigan entered into a contract on April 22, 1871, with the Pennsylvania Company, whereby the latter was to furnish track materials and construct tracks, stations, and shops, and place the road in condition for traffic. The road was constructed under the contracts described and opened for operation by the Pennsylvania Company on May 1, 1873. The property was operated by the Pennsylvania Company from May 1,1873, to September 12, 1875, for account of The Toledo, Tiffin & Eastern Rail Road Company and the Mansfield, Coldwater and Lake Michigan under lease of March 18, 1873, to those companies, and agreement of April 22, 1871. From September 13, 1875, to September 30, 1876, it was operated by the Pennsylvania Company under arrangement with the mortgage trustees of the lessee companies, and from October 1, 1876, to the date of demise, by the Pennsylvania Company, without written agreement, for the Northwestern Ohio.

The property was sold at public auction in Toledo on August 17, 1878, and was conveyed to the Northwestern Ohio Railway Company by deed dated September, 4, 1878. No accounting records of the company are obtainable.

The Toledo, Tiffin & Eastern Rail Road Company; The Baltimore and Ohio, Toledo and Michigan Railroad Company; The Columbus, Tiffin and Toledo Railroad Company
Introductory

This company, an Ohio company, was originally incorporated as The Columbus, Tiffin and Toledo Rail Road Company. The first change of corporate name was effected on June 8, 1870, and the second on September 9, 1871.

On July 3, 1876, the date of sale of its property under foreclosure proceedings, the company owned about 24.54 miles of single-track, standard-gauge, steam railroad, extending from Tiffin to Woodville, Ohio, which had been acquired by construction under contract with the Pennsylvania Company dated April 22, 1871. It was opened for operation on May 1, 1873. Operation to December 12, 1875, was by the Pennsylvania Company under agreement of April 22, 1871. From December 13, 1875, to September 30, 1876, operation was by the Pennsylvania Company under an agreement with the mortgage trustees.

This company and the Mansfield, Coldwater and Lake Michigan Rail Road Company held a joint lease, dated March 18, 1873, for 999 years, for the operation of the property of the Toledo and Woodville Railroad, extending from Toledo to Woodville, Ohio, about 18.62 miles. This property was solely operated by the Pennsylvania Company, together with the property of the Toledo, Tiffin & Eastern on date of demise of the latter company.

The property, rights, and franchises of the company were sold under foreclosure proceedings on July 3, 1876, to Joseph Lesley, and were subsequently conveyed by him to the Northwestern Ohio Railway Company. The only accounting records that are obtainable consist of a ledger covering the period from November, 1870, to January 3, 1874, with a few entries made during March, 1876.

Mansfield, Coldwater and Lake Michigan Rail Road Company
This company was incorporated in Ohio and Michigan as a consolidation of the properties, rights, and franchises of the Mansfield, Coldwater and Lake Michigan Railway Company and The Ohio & Michigan Railway Company.

At its demise the company owned about 49.11 miles of completed main-line railroad, extending from a connection with the Pittsburgh, Fort Wayne and Chicago at Toledo Junction, Ohio, to a connection with the Toledo, Tiffin & Eastern Rail Road Company at Tiffin, Ohio, 37.11 miles; and from Monteith to Allegan, Mich., 12 miles. In addition, it owned a partially completed railroad from Tiffin, Ohio, to Monteith, Mich., about 167.52 miles. Construction of this property was performed as follows:

A contract for the grading and construction of bridges and roadbed ready for track for that portion of the line located in Ohio was entered into May 10, 1871, with Swan, Rose and Company, and a contract for the construction of the track and buildings and the operation of the entire road was entered into July 20, 1871, with the Pennsylvania Company. The roadbed was completed practically for the entire length of the road west of Toledo Junction, and the track was laid from Toledo Junction to a point near Weston, Ohio, about 80 miles. That part of the road from Toledo Junction to Tiffin, about 37.11 miles, was opened for operation by the Pennsylvania Company on May 1, 1873.

In Michigan, right of way was procured and the road from Allegan to Monteith, about 12 miles, was completed in September, 1871, and was opened for operation on November 25, 1873. Track was also laid to a point 8 miles southwest of Monteith.

In 1873, the company ceased construction work and in about 1874 the tracks southeast of Monteith and from Tiffin to Weston were taken up. Later, portions of the road at Fostoria, Ohio, amounting of 0.8 mile, at Napoleon, Ohio, 2 miles, and from a point four miles south of Battle Creek to Monteith, Mich., about 36 miles, were sold to other carriers.

That part of the road extending from Toledo Junction to Tiffin, Ohio, was operated by the Pennsylvania Company from May 1, 1873, to December 12, 1875, under agreement of July 20, 1871. From December 13, 1875, to November 27, 1887, it was operated by the Pennsylvania Company as agent for Thomas A. Scott and George W. Cass, mortgage trustees. The road from Monteith to Allegan, Mich., was operated from November 25, 1873, to January 22, 1878, by the Grand Rapids & Indiana Railway Company as agent, without written agreement.

The property of the company was sold under foreclosure proceedings on August 28, 1877, and was conveyed to Joseph Lesley by deed of special master commissioner of September 8, 1877. The purchaser on November 28, 1877, conveyed that part of the road extending from Toledo Junction to Tiffin, Ohio, to the Northwestern Ohio Railway Company. The sections of road from Tiffin, Ohio, to the Ohio-Michigan State line, and from Monteith to Allegan, Mich., were conveyed to other carriers and forms no part of the railroad of the Toledo, Columbus and Ohio River.

No accounting records of this company are obtainable.

Mansfield, Coldwater and Lake Michigan Railway Company; The Ohio & Michigan Railway Company
Neither of these companies, the one in Ohio and the other a Michigan corporation, owned any road mileage or had done any construction on May 23, 1871, the date of filing, in Michigan, of articles providing for their consolidation to form the Mansfield, Coldwater and Lake Michigan Rail Road Company. No accounting records of either company are obtainable.

The Walhonding Valley Railway Company
This company, an Ohio corporation, was controlled on May 22, 1891, the date of its consolidation with the Northwestern Ohio Railway Company, by the Pennsylvania Company, through ownership of a majority of the outstanding capital stock. At its demise the company owned no completed mileage, but only a right of way between Loudonville and Coshocton, Ohio, about 45.41 miles.

The Columbus, Sandusky and Hocking Railroad Company
This company, incorporated in the State of Ohio for the purpose of acquiring the property, rights, and franchises of The Columbus, Sandusky and Hocking Railway Company, owned at its demise about 223.50 miles of standard-gauge railroad, in Ohio, extending from Sandusky, through Columbus, to Shawnee, with numerous branches to coal fields. All of this property had been acquired from the Columbus, Sandusky and Hocking. In addition to its owned road the company operated about 5.28 miles of road of other carriers under lease agreements, as follows:

Recorded mileage
 * The Columbus Terminal and Transfer Railroad Company, tracks and terminal facilities at Columbus, Ohio, under leases of Mar. 1, 1893, and Feb. 21, 1898. 0.88
 * The Zanesville Terminal Railway Company, tracks at Zanesville, Ohio, under lease of July 1, 1890, and agreements of Dec. 30, 1897, Feb. 23, 1898, and Dec. 30, 1901. 4.40
 * Total. 5.28

From January 15, 1897, to January 25, 1897, and from June 1, 1897, to date of demise, the property of the company was operated by receivers.

After the sale of the property, under foreclosure proceedings, on September 24, 1902, that portion of the road north of the junction with The Cleveland, Cincinnati, Chicago and St. Louis Railway Company and of the crossing of the Cleveland, Akron and Columbus Railway at Columbus, Ohio, and extending to Sandusky, Ohio, was conveyed by the purchaser, Paul D. Cravath, to The Toledo, Walhonding Valley & Ohio Railroad Company, a predecessor of the Toledo, Columbus and Ohio River. By deed dated October 16, 1902, Cravath conveyed that portion of the road south of the Cleveland, Akron and Columbus Railway crossing at Columbus, Ohio, to The Zanesville and Western Railway Company, which forms no part of the Toledo, Columbus and Ohio River.

No accounting records of the company were obtained.

The Columbus, Sandusky and Hocking Railway Company
This company, incorporated as a consolidation of the properties, rights, and franchises of The Sandusky and Columbus Short Line Railway Company and The Columbus, Shawnee & Hocking Railway Company, owned on October 19, 1895, the date of sale of its property under foreclosure, about 223.50 miles of railroad, all in Ohio. With the exception of 0.6& mile of road constructed by the company, all the mileage owned had been acquired in the consolidation. Details with respect to the construction of this property are given in the chapter on development of fixed physical property of the Toledo, Columbus and Ohio River. In addition to its owned road, the company operated 5.28 miles of road of other carriers, as follows:


 * The Columbus Terminal and Transfer Railroad Company, tracks and terminal facilities at Columbus, Ohio, under the terms of a 99-year lease to the consolidating companies dated Mar. 1, 1893. 0.88
 * The Zanesville Terminal Company, tracks at Zanesville, Ohio, under the terms of a 99-year lease to the Columbus, Shawnee & Hocking dated July 1, 1890. 4.40
 * Total. 5.28

From June 28, 1895, to August 21, 1895, the property of the company was operated by a receiver. No accounting records of the company were obtained.

The Sandusky and Columbus Short Line Railway Company; The Sandusky and Columbus, Lake Erie and Southern Short Line Railway Company
This company was originally incorporated, in Ohio, as The Sandusky and Columbus, Lake Erie and Southern Short Line Railway Company. The change of corporate name was effected by decree of court of October 22, 1891, filed October 23, 1891.

On December 30,1893, the date of consolidation with The Columbus, Shawnee & Hocking Railway Company, the company owned about 107.69 miles of road, extending from Sandusky, Ohio, to a junction with the Columbus, Shawnee & Hocking in Columbus, Ohio. All of this road was constructed by the company and was opened for operation on April 17, 1893. In addition to its owned road, the company operated jointly with the Columbus, Shawnee & Hocking about 0.88 mile of road and terminal facilities in Columbus, Ohio, owned by The Columbus Terminal and Transfer Railroad Company. This property was operated under a 99-year lease dated March 1, 1893.

Although the consolidation took place on December 30, 1893, operation of the owned and leased road of the company was continued by it until January 14, 1894. No accounting records of the company were obtained.

The Columbus, Shawnee & Hocking Railway Company
This company, an Ohio corporation, owned on December 30, 1893, the date of its consolidation with The Sandusky and Columbus Short Line Railway Company, about 115.21 miles of road, all in Ohio. Of the road owned about 63.20 miles, extending from Columbus to Alum Creek, Hadley Junction to Connelsville, Fultonham to Redfield, and other branches, had been acquired on January 1, 1890, by purchase of the property of The Columbus Railroad Company, about 39.20 miles, extending from Shawnee to Malta, with coal branches, from The Shawnee and Muskingum River Railway Company, and about 14 miles by construction, completed in 1890. Miscellaneous adjustments of mileage bring the total of the above items, 116.40 miles, down to the 115.21 shown above. Details with respect to the construction of the property owned on date of demise are given in the chapter on development of fixed physical property of the Toledo, Columbus and Ohio River.

In addition to its owned road, the company solely operated 4.40 miles of road of the Zanesville Terminal Company at Zanesville, Ohio, under the terms of a 99-year lease dated July 1,1890. The company also jointly operated with the Sandusky and Columbus Short Line about 0.88 mile of road and terminal facilities of The Columbus Terminal and Transfer Railroad Company at Columbus, Ohio, under the terms of a 99-year lease dated March 1, 1893.

Although the consolidation of its property took place on December 30, 1893, operation of its property was continued by the company's organization until January 14,1894. The accounting records of the company were not obtained.

The Columbus and Eastern Railroad Company
This company, an Ohio corporation, owned on January 1, 1890, the date of the sale of its property, about 63.20 miles of road. This road, opened for operation on January 10, 1887, is described as follows:

Mileage
 * Columbus to Alum Creek, Ohio. 5.00
 * Hadley Junction to Connelsville, Ohio. 44.00
 * Redfield Branch, Fultonham to Redfield, Ohio. 8.00
 * Other branches. 6.20
 * Total. 63.20

No accounting records of this company are obtainable.

Rolling Mill Railroad Company
This company, an Ohio corporation, was controlled on March 11, 1904, the date of sale of its property, by The Toledo, Walhonding Valley & Ohio Railroad Company through ownership of the entire outstanding capital stock. It owned on date of sale about 0.71 mile of railroad, situated within the city of Toledo, Ohio, which it had constructed and opened for operation during 1883. The property of the company was operated by its own management from 1883 to January, 1892. From the latter date to December 31, 1903, it was operated by the Pennsylvania Company without written agreement. It could not be determined how or by whom the property was operated from January 1, 1904, to the date of sale. The accounting records of the company that are obtainable cover only the period from August, 1891, to January, 1904, and are fragmentary.

The Cleveland and Marietta Railway Company
Introductory

This company, an Ohio corporation, was controlled by the Pennsylvania Company on June 30, 1911, the date of consolidation with The Toledo, Walhonding Valley & Ohio Railroad Company, through ownership of a majority of the outstanding capital stock.

At its demise the company owned about 103.13 miles of single-track, standard-gauge, steam railroad, extending from Canal Dover to Marietta, Ohio, and, in addition, an undivided one-third interest with the Wheeling and Lake Erie Railroad Company in about 0.55 mile of road between Zoar and Valley Junction, Ohio. From the date of its organization, July 15, 1886, to December 31, 1899, the company operated its own property. From January 1,1900, to date of demise, It was operated by the Pennsylvania Company under agreement.

Development of Fixed Physical Property

Of the road owned on date of demise, about 98.61 miles had been acquired by purchase, after foreclosure, from The Cleveland and Marietta Railroad Company. In addition, 10.32 miles were constructed and 5.25 miles were abandoned by the company incident to the construction and subsequent destruction by fire of a tunnel. In the construction of the 2.08 miles of road through Liberty Hill non-affiliated contractors were employed. The remainder of the company's construction work was done by its own forces. Details with respect to the construction of this property are given in the chapter on development of fixed physical property of the Toledo, Columbus and Ohio River.

The Ohio Valley and Junction Railway Company
This company was incorporated in Ohio in the interest of the Crown Fire Clay Company. The property of the company consisted of about 3.51 miles of single-track, standard-gauge, steam railroad, extending from Canal Dover, Ohio, to the plant of the Crown Fire Clay Company. This property had been acquired by construction, and was operated from its completion, in 1898, to January 2, 1902, the date of sale. No accounting records of the company are obtainable.

The Cleveland and Marietta Railroad Company
Introductory

This company, an Ohio corporation, was controlled on May 5, 1886, the date of the sale of its property at foreclosure, by the Wheeling and Lake Erie Railroad Company through ownership of a majority of the outstanding capital stock.

At its demise the company owned about 98.06 miles of single-track, standard-gauge, steam railroad, extending from Canal Dover to Marietta, Ohio. It also owned an undivided one-third interest with the Wheeling and Lake Erie in about 0.55 mile of road extending from Zoar to Valley Junction, Ohio. With the exception of the jointly owned mileage referred to, which was constructed by the company in about 1883 jointly with the Valley Railway Company, the entire mileage owned on the date of demise had been acquired by purchase, after foreclosure, from the Marietta, Pittsburg and Cleveland Rail-way Company. Details with respect to the construction of this property are given in the chapter on development of fixed physical property of the Toledo, Columbus and Ohio River.

From May 1, 1880, the date when it succeeded to the property, rights, and franchises of the Marietta, Pittsburg and Cleveland Rail-way Company, to February 1, 1885, the property of the company was operated by its own organization. From February 2, 1885, to July 14, 1886, the date of the transfer of the property to the successor company after its sale at foreclosure, it was operated by receivers. Inasmuch as the receiver continued to operate the property until July 14, 1886, and as the accounting records of the company continued to that date, July 14, 1886, is considered, for accounting purposes, the date of demise of the company. The accounting records of the company and the receivers are incomplete and fragmentary.

Marietta, Pittsburgh and Cleveland Rail Way Company; the Marietta and Pittsburgh Rail Road Company
This company, an Ohio company, was originally incorporated as The Marietta and Pittsburgh Rail Road Company. The change of corporate name was effected on December 8, 1873. It constructed and owned at its demise about 98.06 miles of standard-gauge, steam railroad, extending from Canal Dover to Marietta, Ohio. From June 30, 1871, the date the first section of the road was opened, to August 4, 1875, the property of the company was operated by its own organization. From August 5, 1875, to June 12, 1877, the property was operated by a receiver. On June 13, 1877, the property was sold at foreclosure and was operated by a purchasing committee from that date until April 30, 1880. No accounting records of this company are obtainable.