Wikipedia:WikiProject Trains/ICC valuations/Montour Railroad
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The railroad of the Montour Railroad Company, herein called the carrier, is a single-track, standard-gage, steam railroad, located in southwestern Pennsylvania. The main line extends southerly from Montour Junction to Longview Junction, 42.241 miles; a short branch line extends from North Star Junction to North Star; a disconnected section of road extends southerly from Groveton to Moon Run, 5.559 miles; some disconnected yard tracks and sidings and other facilities are located at Mifflin Junction. The property at Mifflin Junction is located upon a graded right of way leased from the Monongahela Southern Railroad Company. The carrier owns 48.512 miles of main tracks and 22.730 miles of yard tracks and sidings. Its road thus embraces 71.242 miles of all tracks owned and used. The carrier has trackage rights over 2.98 miles of road of The Pittsburgh & West Virginia Railway Company, from Longview Junction to Mifflin Junction.
- CORPORATE HISTORY
The carrier was incorporated January 6, 1913, under the general laws of the [...]
| No. | Name | Incorporation | Succession |
|---|---|---|---|
| 1 | Montour Railroad Company. | Under general laws of Pennsylvania, Jan. 6, 1913. | |
| 2 | Montour Railroad Company. | Under general laws of Pennsylvania, Sept. 10, 1877. | Consolidated Jan. 6, 1913, with 4 and 5 to form 1. |
| 3 | North Fayette Railroad Company. | Under general laws of Pennsylvania, Aug. 1, 1879. | Merged Sept. 10, 1879, with 2. |
| 4 | The Pittsburgh & Moon Run Railroad Company. | Under general laws of Pennsylvania, Feb. 10, 1891. | Consolidated Jan. 6, 1913, with 2 and 5 to form 1. |
| 5 | North Star & Mifflin Railroad Company. | Under general laws of Pennsylvania, Oct. 28, 1912. | Consolidated Jan. 6, 1913, with 2 and 4 to form 1. |
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The owned mileage of the carrier, amounting to 48.512 miles, was acquired partly by construction and partly by consolidation. Of the five corporations that comprise the line of succession culminating in the carrier as at present constituted, two corporations did not construct any road or other common-carrier property. The property constructed by the remaining corporations, the years when the various portions of the line were constructed, and the manner in which the carrier acquired the property are indicated in the following table:
- Acquired by construction:
- Imperial to Longview Junction, Pa., 1913-15 31.50
- Acquired by consolidation:
- From the Montour Railroad Company (of 1877)—
- Constructed by that company, from Montour Junction to Imperial, Pa., 1878-79 12.00
- From The Pittsburgh & Moon Run Railroad Company—
- Constructed by that company, Groveton to Moon Run, Pa., 1891 6.00
- From the Montour Railroad Company (of 1877)—
- Total recorded mileage 49.50
- Difference between total recorded mileage and mileage inventories as of date of valuation 0.988
- Mileage inventoried as of date of valuation 48.512
In 1913 the carrier purchased from the Pittsburgh Coal Company certain property located at Montour Junction, Pa., which included land for transportation purposes, station and office buildings, water stations, shops and engine houses, shop machinery, and power-plant machinery.
- HISTORY OF CORPORATE FINANCING