Wikipedia:WikiProject Trains/ICC valuations/Elwood, Anderson and Lapelle Railroad

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The railroad of The Elwood, Anderson and Lapelle Railroad Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad operating as a switching road in the town of Elwood, Ind. The carrier owns 1.412 miles of main line. The carrier also owns yard and side tracks totaling 3.434 miles. Its road thus embraces 4.846 miles of all tracks owned. In Appendix 1 will be found a general description of the property of the carrier.

Corporate history.—The carrier was incorporated under the general laws of the State of Indiana, with principal office at Pittsburgh, Pa. Its organization was perfected September 29, 1897. Control of the carrier is vested in the American Sheet & Tin Plate Company through ownership of its entire outstanding capital stock.

APPENDIX 2

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

On May 17, 1898, the carrier acquired by purchase from the Pittsburgh, Cincinnati, Chicago and St. Louis Railroad Company approximately 1.296 miles of track connected with the railroad of that company. These tracks were located on land owned by the American Sheet & Tin Plate Company at Elwood, which land was, on May 17, 1898, leased to the carrier. During the period from November, 1898, to November, 1904, the carrier constructed 0.258 mile of track to effect a connection with The Lake Erie and Western Railroad Company, and during the same period constructed 3.292 miles of yard tracks and sidings to serve industries located on its line of railroad.

HISTORY OF CAPITAL FINANCING