Wikipedia:WikiProject Trains/ICC valuations/Chicago and Illinois Western Railroad

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The railroad of the Chicago & Illinois Western Railroad, herein called the carrier, is a single-track, standard-gauge, steam, switching railroad, located in northeastern Illinois. The main line extends southwesterly from a connection with the tracks of The Pittsburgh, Cincinnati, Chicago and St. Louis Railroad Company at Western Avenue in the city of Chicago, to Gary, 10.873 miles, with a branch line to Hawthorne, aggregating 12.027 miles of road. The main line formerly extended beyond Gary to Willow Springs, Ill., but on valuation date the track between these points, 1.723 miles, was temporarily removed. In addition, the carrier has trackage rights over 9.95 miles of the road of other carriers, and leases for exclusive use certain yard tracks and

CORPORATE HISTORY

The carrier was incorporated February 26, 1903, under the general laws of the State of Illinois, for the purpose of constructing a railroad from the north line of Cook County, southward to southern line of Kankakee County, Ill.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage, 12.027 miles, was acquired by construction. The years when the portions of the line were constructed are indicated in the following statement:

Willow Springs to Hawthorne, Ill., 1906-1907 10.73

Forty-eighth Avenue to a connection with tracks of The Pittsburgh, Cincinnati, Chicago and St. Louis Railway Company at Western Avenue, Chicago, Ill. Partly constructed during 1906 and 1907, completed 1914 2.86

Total 13.59

Difference between total recorded mileage and mileage inventoried as of date of valuation 1.563

Mileage inventoried as of date of valuation 12.027

The difference between the total recorded mileage and the mileage inventoried, as above shown, is represented in part by 1.723 miles of track between Willow Springs and Gary, Ill., that had been removed which was not included in the inventory. The other item or items involved in this difference can not be explained from the records reviewed.

HISTORY OF CORPORATE FINANCING