Wikipedia:WikiProject Trains/ICC valuations/Arcadia and Betsey River Railway

http://books.google.com/books?id=9-xDAAAAIAAJ

The railroad of the Arcadia & Betsey River Railway Company, hereinafter called the carrier, is a single-track, standard-gage, steam railroad, located in the northwestern part of the southern peninsula of Michigan. The main line extends easterly from Arcadia to Henry, a distance of 17.425 miles. The carrier also owns 2.352 miles of yard tracks and sidings. Its road thus embraces 19.777 miles of all tracks owned and used. The carrier was organized in the interest of The Henry Starke Land & Lumber Company. It is controlled by the latter company's successor, the Arcadia Furniture Company, owner of one of the industries served.

CORPORATE HISTORY

The carrier was incorporated September 25, 1895, under the general laws of Michigan, to construct, maintain, and operate a standard-gage railroad from Arcadia to Copemish, Mich. The date of its organization was September 25, 1895.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The road, all owned, of 17.425 miles, extending from Arcadia to Henry, was constructed during 1895, by The Henry Starke Land & Lumber Company. The road originally extended about 4 miles beyond Henry, to Copemish. Mich. The rails and fastenings on this section were the property of The Ann Arbor Railroad Company, to which they were returned upon abandonment of the section in 1918.

About 7 miles of roadbed of a narrow-gage railroad, extending eastward from Arcadia, Mich., formerly owned and operated by The Henry Starke Land & Lumber Company as a logging road, was used In the construction of the carrier's railroad.

HISTORY OF CORPORATE FINANCING