Wikipedia:WikiProject Trains/ICC valuations/Baltimore and Ohio Southwestern Railroad

Interstate Commerce Commission, Valuation Reports, Volume 42

The Baltimore and Ohio Southwestern Railroad

Location and General Description of Property

The railroad of The Baltimore and Ohio Southwestern Railroad Company, hereinafter called the Baltimore and Ohio Southwestern, is located in the States of Ohio, Indiana, Illinois, and Kentucky. The main line extends from Belpre, Ohio, on the Ohio River opposite Parkersburg, W. Va., westerly through Chillicothe and Cincinnati, Ohio, and Vincennes, Ind., to East St. Louis, Ill., a distance of about 528 miles, part of which is double tracked. There are many branch lines, the most important extending from Marietta to Belpre, Hamden to Portsmouth, and Blanchester to Hillsboro, all in Ohio; Rivervale to Bedford, and North Vernon to New Albany, Ind., and from Shawneetown to Beardstown, Ill. Part of the latter branch from L. & N. Junction to Junction (Shawneetown), Ill., and from Third to Seventeenth Street in the city of Springfield, Ill., and that portion of the main route from Eighth Street, Cincinnati, to Storrs, Ohio, are jointly owned with other carriers. This company also owns additional property at Louisville, Ky., and St. Louis, Mo., which cities are reached by means of trackage rights over other railroads. This property, which forms the major part of the main line from Cumberland, Md., to St. Louis, Mo., aggregates 933.462 miles of road wholly owned and 6.912 miles of road jointly owned with 73.393 and 1.098 miles of second main tracks, respectively.

Introductory

The Baltimore and Ohio Southwestern is a corporation of Ohio and Indiana, having its principal office at Cincinnati, Ohio. It is controlled by the Baltimore and Ohio through ownership of the entire outstanding capital stock. The records do not indicate that this company controls any other common-carrier corporation. The property was operated by the company's own organization from the date of its formation, July 31, 1899, to June 30, 1900. From that date until December 31, 1917, it was operated by the Baltimore and Ohio by virtue of stock control. Since January 1, 1918, it has been operated by the United States Railroad Administration as a part of the Baltimore and Ohio system.

Corporate History

The Baltimore and Ohio Southwestern was incorporated July 31, 1899, under the general laws of Ohio and Indiana, for the purpose of consolidating the property, rights, and franchises of The Cincinnati, Portsmouth and Parkersburg Railway Company and The Cincinnati, Louisville and Vincennes Railway Company and to consummate the plan and agreement of reorganization of The Baltimore and Ohio Southwestern Railway Company, dated December 15, 1898, under which the consolidating companies had acquired their properties. The date of organization of the Baltimore and Ohio Southwestern was July 31. l899. The Baltimore and Ohio Southwestern acquired the property, rights, and franchises of The Cincinnati, Portsmouth and Parkersburg Railway Company and The Cincinnati, Louisville and Vincennes Railway Company. It also acquired by purchase the property, rights, and franchises of two subsidiary lines of The Baltimore and Ohio Southwestern Railway Company, namely, The Baltimore and Ohio Southwestern Terminal Company and The Marietta Railway Company. The Baltimore and Ohio Southwestern, itself, and those corporations, together with their predecessors, total 28 different corporations, of which one underwent a change of name, and comprise the line of corporate succession culminating in the Baltimore and Ohio Southwestern as at present constituted.

The names of the corporations, the respective dates of incorporations, and for each predecessor the date of succession, the immediately succeeding corporation, and the manner of succession follow.

No.	Name	Incorporation	Succession
1.	The Baltimore and Ohio Southwestern Railroad Company.	Incorporated under general laws of Ohio and Indiana, through articles of consolidation, dated July 31, 1899, filed in Ohio and Indiana, July 31, 1899.
2.	The Cincinnati, Portsmouth and Parkersburg Railway Company.	General laws of Ohio, July 28, 1899.	Consolidated July 31, 1899, with 3 to form 1.
3.	The Cincinnati, Louisville and Vincennes Railway Company.	General laws of Indiana, July 28, 1899.	Consolidated July 31, 1899, with 2 to form 1.
4.	The St. Louis, Springfield & Vincennes Railway Company.	General laws of Illinois; articles of incorporation dated July 26, 1899; certificate of incorporation issued August 1, 1899.	Sold July 29, 1899, to 3.
5.	The Baltimore and Ohio Southwestern Railway Company.	General laws of Ohio, Indiana, and Illinois, through articles of consolidation, dated August 12, 1893, filed in Ohio, Indiana, and Illinois, November 1, 1893, effective November 1, 1893.	Sold at foreclosure July 13, 1899, after receivership begun December 31, 1898, to purchasing committee, who, on July 28, 1899, assigned their right and interest in so much of the property lying within the State of Illinois, with appurtenant franchises and privileges to 4 and so much of the property lying within the States of Indiana and Kentucky to 3. The remaining portion, viz., that lying within the State of Ohio, was deeded direct to the purchasing committee on July 28, 1899, and was acquired on that date by 2.
6.	The Baltimore and Ohio Southwestern Railroad Company (of 1889).	General laws of Ohio, December 20, 1889.	Consolidated November 1, 1893, with 16 to form 5.
7.	The Cincinnati, Washington and Baltimore Railroad Company.	General laws of Ohio, February 16, 1883.	Sold at foreclosure October 7, 1889, after receivership begun December 31, 1888, to interests which conveyed the property December 28, 1889, to 6.
8.	Marietta and Cincinnati Railroad Company.	Special act of Ohio, passed February 24, 1860, effective July 31, 1860.	Sold at foreclosure December 30, 1882, after receivership begun June 27, 1877, to interests which conveyed the property March 1, 1883, to 7.
9.	Marietta & Cincinnati Railroad Company.	See 10.	Sold at foreclosure June 5, 1860, after receivership begun November 27, 1858, to interests which conveyed the property August 2, 1860, to 8.
10.	Belpre and Cincinnati Railroad Company.	Special act of Ohio, March 8, 1845.	Name changed to 9, on August 12, 1851.
11.	Hillsborough and Cincinnati Railroad Company.	General laws of Ohio, March 2, 1846.	Sold August 1, 1860, to 8.
12.	Union Rail Road.	General laws of Ohio, September 13, 1858.	Sold August 1, 1860, to 8.
13.	The Cincinnati and Baltimore Railway Company.	General laws of Ohio, September 4, 1868.	Sold April 10, 1894, to 7.
14.	The Baltimore Short Line Railway Company.	General laws of Ohio, September 9, 1870.	Sold June 29, 1888, to 7.
15.	The Cincinnati and Bedford Railway Company.	General laws of Indiana, September 4, 1889.	Sold November 18, 1893, to 5.
16.	Ohio and Mississippi Railway Company (second corporation).	General laws of Ohio, Indiana, and Illinois, through articles of consolidation, filed in Ohio, December 26, 1867, and in Indiana and Illinois, December 28, 1867.	Consolidated November 1, 1893, with 6 to form 5.
17.	Ohio and Mississippi Railway Company (first corporation).	General laws of Indiana and Ohio through certificate of organization, dated November 4, 1867, filed in Indiana, November 14, 1867, and in Ohio, November 26, 1867.	Consolidated December 28, 1867, with 19, to form 16.
18.	The President and Directors of the Ohio and Mississippi Rail Road Company.	Special act of Indiana, February 14, 1848.	Sold at foreclosure January 9, 1867, after receivership begun April 9, 1860, and reorganized November 4, 1867, as 17.
19.	The Ohio and Mississippi Railway Company.	Special act of Illinois. February 5, 1861.	Consolidated December 28, 1867, with 17, to form 16.
20.	Ohio & Mississippi rail road company.	Special act of Illinois, February 12, 1851.	Sold at foreclosure June 2, 1862, and acquired October 9, 1862, by 19.
21.	Springfield and Illinois South Eastern Railway Company.	General laws of Illinois through articles of consolidation dated December 7, 1869, filed in Illinois February 8, 1870.	Sold at foreclosure September 15, 1874, after receivership begun January 10, 1874, to interests which conveyed property to 16, January 18, 1875.
22.	Pana, Springfield and North Western Railroad Company.	Special act of Illinois, February 16, 1865.	Consolidated February 8, 1870, with 23, to form 21.
23.	Illinois South Eastern Railway Company.	Special act of Illinois, February 25, 1867.	Consolidated February 8, 1870, with 22, to form 21.
24.	Indiana Southern Railway Company.	General laws of Indiana, January 20, 1866.	Sold at foreclosure March 11, 1880, to interests which conveyed a portion of the property to 16, September 25, 1880.
25.	The Fort Wayne & Southern Rail Road Company.	Special act of Indiana, January 15, 1849.	Sold at foreclosure sale January 19, 1866, to 24. Sale set aside and that portion of its partially constructed road between North Vernon and Jeffersonville, Ind., was conveyed November 7, 1868, to 16. The remaining portion of the partially constructed road was conveyed on the same date to The Fort Wayne, Muncie and Cincinnati Railway Company, now a part of The Lake Erie and Western Railroad Company.
26.	The New Albany and Eastern Railway Company.	General laws of Indiana, January 31, 1887.	Sold July 1, 1888, to 16.
27.	The Marietta Railway Company.	General laws of Ohio, October 15, 1896.	Sold at foreclosure June 19, 1900, to interests which assigned their rights and title to 1, August 6, 1900.
28.	The United Terminal Railway Company.	General laws of Ohio, October 9, 1889.	Sold at foreclosure November 4, 1895, after receivership begun January 8, 1894, to interests which conveyed property to 27 October 16, 1896.
29.	The Baltimore and Ohio Southwestern Terminal Company.	General laws of New Jersey, April 9, 1891.	Sold August 1, 1899, to 1.

Development of Fixed Physical Property

The recorded mileage owned by the Baltimore and Ohio Southwestern amounts to 943.15 miles, of which 40.55 were acquired by construction, 935.34 by consolidation, and 0.27 by purchase, less 33.01 abandoned. The inventoried mileage is 933.462.

The mileage inventoried as of date of valuation includes 6.912 miles of track jointly owned with other carriers, of which 5.306 miles between Junction and Shawneetown, Ill., is jointly owned with the Louisville and Nashville Railroad Company, 1.166 miles at Springfield, Ill., is jointly owned with the Illinois Central Railroad Company, and 0.44 mile at Cincinnati, Ohio, is jointly owned with The Cleveland, Cincinnati, Chicago and St. Louis Railway Company.

The Baltimore and Ohio Southwestern and its predecessors total 28 different corporations, four of which, The Cincinnati, Portsmouth and Parkersburg Railway Company, The Cincinnati, Louisville and Vincennes Railway Company, The St. Louis, Springfield & Vincennes Railway Company, and the Ohio and Mississippi Railway Company (first corporation), did not construct or improve any property. The Ohio and Mississippi Railway Company and the Indiana Southern Railway Company acquired property from predecessors, but either they have no records or the records reviewed do not show whether they improved such property while they owned it. The Marietta Railway Company only improved property completed by others. The 935.34 miles of road constructed by the remaining 20 predecessor corporations were acquired by consolidation from The Cincinnati, Portsmouth and Parkersburg Railway Company 308.84 miles, and The Cincinnati, Louisville and Vincennes Railway Company 626.50 miles.

Details with respect to the construction of the property are given in the accounting report.

Leased Railway Property

The entire property is leased to the Baltimore and Ohio for an indefinite period from July 1, 1900, as stated in the report on that company.

Predecessor Companies

The Cincinnati, Portsmouth and Parkersburg Railway

This company was incorporated July 28, 1899, in Ohio. No accounting records of The Cincinnati, Portsmouth and Parkersburg Railway Company were obtained. The records reviewed do not indicate whether the company was controlled by any individual or corporation on July 31, 1899, the date of consolidation, nor whether it then controlled any common-carrier corporation.

The property was operated by the receivers of The Baltimore and Ohio Southwestern Railway Company. The company owned on the date of consolidation 308.84 miles of single-track, standard-gage, steam railroad in Ohio, consisting of a main line from Belpre, Ohio, to the Ohio-Indiana State line, and various branch lines. The principal branch lines extended from a point near Belpre to Marietta, Ohio, from a point near Hamden to Portsmouth, Ohio, and from Blanchester to Hillsboro, Ohio. The entire 308.84 miles of railroad owned was acquired from Edward R. Bacon, George Hoadley, Jr., J. Chauncey Hoffman and others, who had acquired it at a foreclosure sale on July 13, 1899, from The Baltimore and Ohio Southwestern Railway Company.

The Cincinnati, Louisville and Vincennes Railway

This company was incorporated July 28, 1899, in Indiana. No accounting records of The Cincinnati, Louisville and Vincennes Railway Company were obtained.

The records reviewed do not indicate whether the company was controlled by any individual or corporation on July 31, 1899, the date of consolidation, nor whether it then controlled any common-carrier corporation.

The property was operated by the receivers of The Baltimore and Ohio Southwestern Railway Company.

The company owned on date of consolidation 626.50 miles of single-track, standard-sage, steam railroad, located in Indiana and Illinois. It comprised two main lines and various branch lines. One main line extended from the Ohio-Indiana State line, near Fort Hill, Ohio, to East St. Louis, Ill.; the other from Shawneetown, across the first-mentioned line at Flora, to Beardstown, Ill. The principal branch line extended from North Vernon to Jeffersonville, Ind.

Of the 626.50 miles of road owned on date of consolidation, it had acquired 250.13 miles from Edward R. Bacon, George Hoadley, Jr., and J. Chauncey Hoffman, who had acquired it at a foreclosure sale on July 13, 1899, from The Baltimore and Ohio Southwestern Railway Company, and 376.37 miles from The St. Louis, Springfield & Vincennes Railway Company.

The St. Louis, Springfield & Vincennes Railway

This company was incorporated July 26, 1899, in Illinois. No accounting records of The St. Louis, Springfield & Vincennes Railway Company were obtained.

The records reviewed do not indicate whether the company was controlled by any individual or corporation on July 29, 1899, the date of sale, nor whether it then controlled any common-carrier corporation.

The property was operated by the receivers of The Baltimore and Ohio Southwestern Railway Company.

The company owned on date of consolidation 376.37 miles of single-track, standard-gage, steam railroad in Illinois. It consisted of two main lines, one of which extended from the Indiana-Illinois State line near Vincennes, to East St. Louis, Ill., and the other from Shawneetown, across the first-mentioned line at Flora, to Beardstown, Ill.

The entire 376.37 miles of road owned had been acquired from Edward R. Bacon, George Hoadley, Jr., and J. Chauncey Hoffman, who had acquired it at a foreclosure sale on July 13, 1899, from The Baltimore and Ohio Southwestern Railway Company.

The Baltimore and Ohio Southwestern Railway—Predecessor of The St. Louis, Springfield & Vincennes Railway; The Cincinnati, Louisville and Vincennes Railway; and The Cincinnati, Portsmouth and Parkersburg Railway

Introductory

The Baltimore and Ohio Southwestern Railway Company was incorporated under the general laws of Ohio, Indiana, and Illinois through articles of consolidation, dated August 12, 1893, filed November 1, 1893. No accounting records of The Baltimore and Ohio Southwestern Railway Company were obtained for the period January 1, 1899, to date of sale. Certain information indicated hereinafter pertaining to the period mentioned has been taken from sources other than the accounting records of the company.

The company was controlled on July 13, 1899, the date of sale, by the Baltimore and Ohio through ownership of its capital stock. On the other hand, this company controlled on date of sale, through ownership of its entire capital stock, The Marietta Railway Company, and through ownership of a majority of its capital stock, The Baltimore and Ohio Southwestern Terminal Company, the common-carrier properties of which companies it operated under lease.

The property of the company was operated by its own organization from date of formation, November 1, 1893, until receivership, January 1, 1899, and from that date until date of sale by receivers.

The railroad operated by the receivers of The Baltimore and Ohio Southwestern Railway Company was a single-track, standard-gage, steam railroad located in Ohio, Indiana, and Illinois aggregating 935.61 miles. The owned mileage amounts to 935.34 miles and consisted of two main lines and various branch lines. One main line extended from Belpre, Ohio, to East St. Louis, Ill., and the other from Shawneetown, across the first-mentioned line at Flora, to Beardstown, Ill. The principal branch lines extended from Marietta to Belpre, Ohio, Hamden to Portsmouth, Ohio, Blanchester to Hillsboro, Ohio, and North Vernon to Jeffersonville, Ind.

The mileage operated under lease amounted to 0.27 mile and consisted of terminal tracks at Marietta, Ohio.

Development of Fixed Physical Property

Of the 935.34 miles of road owned on date of sale, 288.90 miles had been acquired from The Baltimore and Ohio Southwestern Railroad Company (of 1889), 633.48 miles from the Ohio and Mississippi Railway Company (second corporation), 10.64 miles from The Cincinnati and Bedford Railway Company, 1.54 miles by construction, and 0.48 mile by reclassification. The construction work was performed by the company's forces. Further details are given in the accounting report on the Baltimore and Ohio Southwestern.

The Baltimore and Ohio Southwestern Railroad (of 1889)—Predecessor of The Baltimore and Ohio Southwestern Railway Company

This company was incorporated December 20, 1889, in Ohio. It was controlled on November 1, 1893, the date of consolidation, by the Baltimore and Ohio, through ownership of its capital stock. This company controlled on date of consolidation, through ownership of a majority of its capital stock, The Baltimore and Ohio Southwestern Terminal Company whose common-carrier property it operated under lease.

The property of this company was operated by its own organization from January 1, 1890, to date of consolidation. The railroad operated by the company on date of consolidation was a single-track, standard-gage, steam railroad, all in Ohio, aggregating 288.90 miles, all owned. It consisted of a main line from Cincinnati to Belpre, Ohio, and various branch lines. The principal branch lines extended from Belpre to Marietta, Hamden to Portsmouth, and Blanchester to Hillsboro, Ohio. Of the 288.90 miles of road owned on date of consolidation, it had acquired 286.75 miles from certain trustees who had acquired it at a foreclosure sale on October 7, 1889, from The Cincinnati, Washington and Baltimore Railroad Company, and 2.15 miles had been acquired by construction. The construction work was performed by the company's forces. Further details are given in the accounting report on the Baltimore and Ohio Southwestern.

The Cincinnati, Washington and Baltimore Railroad—Predecessor of The Baltimore and Ohio Southwestern Railroad (of 1889)

Introductory

This company was incorporated February 16, 1883, under the general laws of Ohio.

The records reviewed do not indicate whether this company was controlled by any individual or corporation on October 7, 1889, date of sale, nor whether it then controlled any common-carrier corporation.

The property of the company was operated by its own organization from April 1, 1883, to December 31 1888, and from that date to date of sale by receivers.

The railroad owned was a standard-gage, steam railroad located in Ohio, aggregating 286.75 miles. The main line extended from Cincinnati to Belpre, with five branch lines diverging therefrom.

Development of Fixed Physical Property

Of the 286.75 miles of road owned on date of sale, 282.77 miles had been acquired from the Marietta and Cincinnati Railroad Company, 6.07 miles from The Cincinnati and Baltimore Railway Company, 30.26 miles from The Baltimore Short Line Railway Company, and 1.25 miles by construction, a total of 320.35 miles, of which 33.60 miles had been sold, leaving 286.75 miles owned on date of sale.

Marietta and Cincinnati Railroad—Predecessor of The Cincinnati, Washington and Baltimore Railroad

Introductory

This company was incorporated July 31, 1860, in Ohio. The records reviewed do not indicate that the company was controlled by any individual or corporation on December 30, 1882, date of sale, nor that it then controlled any common-carrier corporation. The property of this company was operated by its own organization from the date it was surrendered to it by the receiver of the Marietta & Cincinnati Railroad Company, August 14, 1860, until the receivership, June 27, 1877. From the latter date until date of sale operation was by receivers.

The railroad operated by the receivers of the company was a single-track, standard-gage, steam railroad, located in Ohio, aggregating 318.89 miles. The owned mileage, 282.73 miles, consisted of a main line from Winton Junction to Belpre, Ohio, and four branch lines from Blanchester to Hillsboro, Hamden to Portsmouth, Mineral to Carbondale, and Belpre to Marietta, Ohio.

The mileage operated under lease, 36.33 miles, consisted of a line from Winton Junction to Cincinnati and from Belpre to Canaanville, Ohio.

Development of Fixed Physical Property

Of the 282.73 miles of road owned on date of sale, it had acquired 159.21 miles from the Marietta & Cincinnati Railroad Company, 37.33 miles from the Hillsborough and Cincinnati Railroad Company, 8.27 miles from the Union Rail Road, and 55.71 miles from the Scioto and Hocking Valley Railroad Company (not in line of succession) and 22.21 miles by construction. The Marietta and Cincinnati Railroad Company also acquired 1.57 miles of road from the Union Rail Road and 4.96 miles by construction that it had abandoned prior to date of sale. It is not shown whether the construction work of the Marietta and Cincinnati Railroad Company was performed by the company's forces or by contract. Details are given in the accounting report on the Baltimore and Ohio Southwestern.

Scioto and Hocking Valley Rail Road—Predecessor of the Marietta & Cincinnati Railroad

The company was incorporated February 20, 1849, in Ohio. No accounting records of the Scioto and Hocking Valley Rail Road Company were obtained. However, certain data given below were obtained from other sources.

The records reviewed do not indicate whether the company was controlled by any individual or corporation on September 2, 1869, the date of sale, nor whether it then controlled any other common-carrier corporation.

The property of this company was operated by its own organization from the date the first section of its road was put in operation, August 1853, until the receivership, March 4, 1858, and from the latter date until January 26, 1864, by a receiver.

The company owned 55.71 miles of single-track, standard-gage, steam railroad from Portsmouth to Hamden, Ohio, and a section of road under construction, all of which was sold under foreclosure sale confirmed by the court on May 20, 1863. On January 26, 1864, the 55.71 miles of completed road was acquired by the Marietta & Cincinnati Railroad Company, and on September 2, 1869, a portion of the uncompleted section, 23 miles, was acquired by the Newark, Somerset and Statesville Rail Road Company, a predecessor of the Baltimore and Ohio. The records reviewed indicate that the construction work on the main line was performed by contract. Further details are given in the accounting report on the Baltimore and Ohio.

Marietta & Cincinnati Railroad—Predecessor of the Marietta and Cincinnati Railroad, Formerly Named Belpre and Cincinnati Railroad

This company was incorporated March 8, 1845, in Ohio as the Belpre and Cincinnati Railroad Company and the name was changed on August 12, 1851. No accounting records of the company were obtained. However, certain data given below were obtained from other sources.

The records reviewed do not indicate that the company was controlled by any individual or corporation on June 5, 1860, the date of sale, nor that it then controlled any common-carrier corporation.

The property of the company was operated by its own organization from the date the first section was completed, May 1, 1854, until the receivership, November 27, 1858, and from that date by the receiver until it was surrendered to successor, August 14, 1860, although it was conveyed to successor by deed dated June 5, 1860.

The railroad owned on the date of sale consisted of approximately 159.21 miles of single-track, steam railroad from Harmer to Blanchester, Ohio, all of which had been acquired by construction. It is not known whether the construction work was performed by the company's forces or by contract. Further details are given in the accounting report on the Baltimore and Ohio Southwestern.

Hillsborough and Cincinnati Railroad—Predecessor of the Marietta and Cincinnati Railroad

This company was incorporated March 2, 1846, in Ohio. No accounting records of the Hillsborough and Cincinnati Railroad Company were obtained.

The records reviewed do not indicate whether the company was controlled by any individual or corporation on August 1, 1860, the date of sale, nor whether it then controlled any common-carrier corporation.

The property of the company was operated under lease by The Little Miami Railroad Company from the date completed, January 21, 1852, to February 1, 1854, and from that date to date of sale under lease by the Marietta & Cincinnati Railroad Company.

The railroad owned on date of sale consisted of 37.33 miles of single-track, standard-gage, steam railroad, extending from Hillsboro to Loveland, Ohio, all of which had been acquired by construction. It is not known whether the construction work was performed by the company's forces or by contract. Further details are given in the accounting report on the Baltimore and Ohio Southwestern.

Union Rail Road—Predecessor of the Marietta and Cincinnati Railroad

This company was incorporated September 13, 1858, in Ohio. No accounting records of the Union Rail Road were obtained. The records reviewed do not indicate whether the company was controlled by any individual or corporation on August 1, 1860, the date of sale, nor whether it then controlled any common-carrier corporation. The property was operated by the receiver of the Marietta & Cincinnati Railroad Company from the date completed to the date of sale. The railroad consisted of 9.84 miles of single-track, standard-guge, steam railroad from Scotts Landing to Belpre, Ohio, all acquired by construction. It is not known whether the construction work was performed by the company's forces or by contract. Further details are given in the accounting report on the Baltimore and Ohio Southwestern.

The Cincinnati and Baltimore Railway—Predecessor of the Cincinnati, Washington and Baltimore Railroad

This company was incorporated September 4, 1868, in Ohio. The books of account of the company do not include the results of corporate operations of its property, with exception of the period from May 1, 1870, to May 1, 1872.

The records reviewed do not indicate whether the company was controlled by any individual or corporation on April 10, 1884, the date of sale, nor whether it then controlled any common-carrier corporation.

The property was operated under lease by the Marietta and Cincinnati Railroad Company and the receivers and purchasing trustees of that company from the date the first section was completed, February 17, 1869, to March 31, 1883, and from that date to date of sale under lease by The Cincinnati, Washington and Baltimore Railroad Company.

The railroad owned on date of sale amounted to 6.07 miles. It consisted of a double-track, standard-gage, steam railroad from Winton Place to Cincinnati, Ohio, all of which had been constructed by the Marietta and Cincinnati Railroad Company for this company. Further details are given in the accounting report on the Baltimore and Ohio Southwestern.

The Baltimore Short Line Railway—Predecessor of The Cincinnati, Washington and Baltimore Railroad

This company was incorporated September 9, 1870, in Ohio. The results of corporate operations of the property are recorded in the books of account of the Marietta and Cincinnati Railroad Company and The Cincinnati, Washington and Baltimore Railroad Company.

The records reviewed do not indicate whether the company was controlled by any individual or corporation on June 29, 1888, the date of sale, nor whether it then controlled any common-carrier corporation.

The property was operated under lease by the Marietta and Cincinnati Railroad Company and the receivers and purchasing trustees of that company from the date completed, November 15, 1874, to March 31, 1883, and from that date until the date of sale under lease by The Cincinnati, Washington and Baltimore Railroad Company.

The railroad owned by the company on date of sale, 30.26 miles, consisted of a single-track, standard-gage, steam railroad from Canaanville to Belpre, Ohio, all of which had been constructed by the Marietta and Cincinnati Railroad Company for this company. Further details are given in the accounting report on the Baltimore and Ohio Southwestern.

The Cincinnati and Bedford Railway

This company was incorporated September 4, 1889, in Indiana. No accounting records of the company were obtained. Certain information stated below was obtained from the accounting records of the successor and of the Ohio and Mississippi Railway Company (second corporation).

The company was controlled on November 18, 1893, the date of sale, by The Baltimore and Ohio Southwestern Railway Company, through ownership of its capital stock. The records reviewed do not indicate that this company controlled any common-carrier corporation.

The property was operated by The Baltimore and Ohio Southwestern Railway Company from the date put in operation to the date it was conveyed to that company.

The railroad owned consisted of 10.64 miles of single-track, standard-gage, steam railroad from a point near Rivervale to Bedford, Ind., all of which had been acquired by construction. The construction work was performed by the forces of the Ohio and Mississippi Railway Company (second corporation). Further details are given in the accounting report on the Baltimore and Ohio Southwestern.

Ohio and Mississippi Railway (Second Corporation) and Ohio and Mississippi Railway (First Corporation)—Predecessor of the Ohio and Mississippi Railway (Second Corporation)

Introductory

The Ohio and Mississippi Railway Company (first corporation) was incorporated under the general laws of Indiana and Ohio through a certificate of organization dated November 4, 1867, filed in Indiana November 14, 1867, and in Ohio November 26, 1867, for the purpose of acquiring the property, rights, and franchises of the president and directors of the Ohio and Mississippi Rail Road Company. On December 28, 1867, through a so-called consolidation agreement dated December 18, 1867, filed in Ohio December 26, 1867, in Indiana and Illinois December 28, 1867, the Ohio and Mississippi Railway Company (first corporation) consolidated with The Ohio and Mississippi Railway Company to form the Ohio and Mississippi Railway Company (second corporation). The accounts of the first corporation were continued by the second corporation as if the first corporation had acquired the property of the company named in the so-called consolidation agreement dated December 18, 1867, by merger, and the condition of these records is such that separate information cannot be given from the accounts regarding the financial dealings, corporate operations, or investments of the Ohio and Mississippi Railway Company (first corporation) and the Ohio and Mississippi Railway Company (second corporation). They are, therefore, treated collectively and referred to herein as the company.

The records reviewed do not indicate whether the company was controlled by any individual or corporation on November 1, 1893, the date of consolidation, nor whether it then controlled any common-carrier corporation.

The property of this company was operated by its own organization from the date acquired to the date of consolidation, with exception of the period from November 17, 1876, to March 31, 1884, when it was operated by receivers.

The railroad operated on date of consolidation, 633.48 miles, all owned, consisted of three main lines, one from Cincinnati, Ohio, to East St. Louis, Ill., one from Beardstown to Shawneetown, Ill., and the other from North Vernon, Ind., to New Albany, Ind.

Development of Fixed Physical Property

Of the 633.48 miles of road owned on date of consolidation, 191.74 miles had been acquired from the president and directors of the Ohio and Mississippi Rail Road Company, 146.58 miles from The Ohio and Mississippi Railway Company, 7.50 miles from The New Albany and Eastern Railway Company, 221.91 miles from the Springfield and Illinois South Eastern Railway Company, and 65.75 miles by construction. About 53 miles of the road between North Vernon and Jeffersonville, Ind., was constructed on a graded roadbed that had been acquired from The Fort Wayne & Southern Rail Road Company. The company also acquired 1.18 miles of road from The Ohio and Mississippi Railway Company and 0.12 mile by construction that it abandoned prior to consolidation. The 338.32 miles of road acquired in the reorganization of November 4, 1867, and in the so-called consolidation of December 28, 1867, was narrow gage, but changed to standard gage during the period March 1871 to July 1, 1873. It is not known whether the construction work of the company was performed by its forces or by contract. Further details are given in the accounting report on the Baltimore and Ohio Southwestern.

The President and Directors of the Ohio and Mississippi Rail Road—Predecessor of the Ohio and Mississippi Railway (first corporation)

This company was incorporated in Indiana and Ohio February 14, 1848, and March 15, 1849, respectively. No accounting records of the company, with exception of an incomplete ledger, were obtained for the period prior to April 30, 1859, and the records obtained for the period subsequent to that date are incomplete.

The records reviewed do not indicate whether this company was controlled by any individual or corporation on January 9, 1867, the date of sale, nor whether it then controlled any common-carrier corporation.

The property of this company was operated by its own organization from the date the first section was put in operation, April 1, 1854, to April 8, 1860, and from that date until date of sale by a receiver, but the accounts of the company for the results of corporate operations continued to November 4, 1867. The railroad owned by this company on the date of sale, 191.74 miles, consisted of a single-track, narrow-gage, steam railroad from Cincinnati, Ohio, to Vincennes, Ind., all of which had been acquired by construction. The records reviewed do not indicate whether the road was constructed under contract or by company forces. Further details are given in the accounting report on the Baltimore and Ohio Southwestern.

The Ohio and Mississippi Railway—Predecessor of the Ohio and Mississippi Railway (Second Corporation)

This company was incorporated February 5, 1861, in Illinois. The accounting records obtained of The Ohio and Mississippi Railway Company cover only the period from June 2, 1862, to December 31, 1864, and these records are incomplete and fragmentary.

The records reviewed do not indicate whether this company was controlled by any individual or corporation on December 28, 1867, the date of consolidation, nor whether it then controlled any common-carrier corporation.

The records reviewed indicate that the property of the company was operated by its own organization from date it was put in operation to date of consolidation. The railroad owned on date of consolidation, 147.76 miles, consisted of a single-track, narrow-gage, steam railroad from East St. Louis, Ill., to Vincennes, Ind., all acquired from the Ohio & Mississippi Rail Road Company through foreclosure and reorganization, under deed dated October 9, 1862. This company also acquired by purchase on March 30, 1864, about 8.25 miles of railroad from Caseyville to Brooklyn, Ill., that was formerly owned by the Illinois Coal Company. This was abandoned prior to date of consolidation.

Ohio & Mississippi Rail Road—Predecessor of The Ohio and Mississippi Railway

This company was incorporated February 12, 1851, in Illinois. No accounting records of the company were obtained.

The records reviewed do not indicate that this company was controlled by any individual or corporation on June 2, 1862, the date of sale, nor that it then controlled any common-carrier corporation.

This company owned on the date of sale 147.76 miles of railroad from Illinoistown (now East St. Louis), Ill., to Vincennes, Ind., all acquired by construction. It is not known whether the construction work was performed by the company's forces or by contract. Further details are given in the accounting report on the Baltimore and Ohio Southwestern.

Springfield and Illinois South Eastern Railway—Predecessor of the Ohio and Mississippi Railway (Second Corporation)

This company was incorporated February 8, 1870, in Illinois. No accounting records of the company were obtained.

The records reviewed do not indicate whether the company was controlled by any individual or corporation on September 15, 1874, the date of sale, nor whether it then controlled any common-carrier corporation.

The property was operated by the Ohio and Mississippi Railway Company (second corporation) from the date completed until the receivership, January 10, 1874, and from that date by a receiver until surrendered to the Ohio and Mississippi Railway Company (second corporation), January 18, 1875.

The railroad owned on date of sale, including 6.38 miles of jointly owned road, was a single-track, standard-gage, steam railroad in Illinois, aggregating 221.91 miles, and consisted of two disconnected main lines, one from Shawneetown to Tower Hill, Ill, the other from Pana to Beardstown, Ill. The jointly owned mileage consisted of 5.31 miles of road between Junction and a point near Shawneetown, Ill., owned jointly with the St. Louis & Southeastern Railway Company, and 1.07 miles between Madison and Third Streets, Springfield, Ill., owned jointly with the Illinois Central Railroad Company.

The entire 221.91 miles of road owned on date of sale, including 6.38 miles of jointly owned road, had been acquired by completion of construction begun by the Pana, Springfield and North Western Railroad Company and the Illinois South Eastern Railway Company. It is not known whether the construction work was performed by the company's forces or by contract. Further details are given in the accounting report on the Baltimore and Ohio Southwestern.

Pana, Springfield and North Western Railroad—Predecessor or the Springfield and Illinois South Eastern Railway

This company was incorporated February 16, 1865, in Illinois. No accounting records of the company were obtained. The records reviewed do not indicate whether the company was controlled by any individual or corporation on February 8, 1870, the date of consolidation, nor whether it then controlled any common-carrier corporation.

The company owned on date of consolidation a partially constructed railroad between Pana and Beardstown, Ill., but the extent of construction work performed was not ascertainable from the records obtained. It is not known whether the construction work was performed by the company's forces or by contract. Further details are given in the accounting report on the Baltimore and Ohio Southwestern.

Illinois South Eastern Railway—Predecessor of the Springfield and Illinois South Eastern Railway

This company was incorporated February 25, 1867, in Illinois. No accounting records of the company were obtained. The records reviewed do not indicate whether the company was controlled by any individual or corporation on February 8, 1870, the date of consolidation, nor whether it then controlled any common-carrier corporation. The company owned on date of consolidation a partially constructed railroad between Shawneetown and Pana, Ill., but the extent of construction work performed was not ascertainable from the records obtained. It is not known whether the construction work was performed by the company's forces or by contract. Further details are given in the accounting report on the Baltimore and Ohio Southwestern.

Indiana Southern Railway—Predecessor of the Ohio and Mississippi Railway (Second Corporation)

This company was incorporated January 20, 1866, in Indiana. No accounting records of the company were obtained. The records reviewed do not indicate whether the company was controlled by any individual or corporation on March 11, 1880, the date of sale, nor whether it then controlled any common-carrier corporation. The company owned on date of sale a graded roadbed between North Vernon and Jeffersonville, Ind. This property was acquired from the assignees of Joseph L. Jernegon, who had acquired it at a foreclosure sale on January 19, 1866, from The Fort Wayne & Southern Rail Road Company.

The Fort Wayne & Southern Rail Road—Predecessor of the Indiana Southern Railway

This company was incorporated January 15, 1849, in Indiana. No accounting records of the company were obtained. The records reviewed do not indicate whether the company was controlled by any individual or corporation on January 19, 1866, the date of sale, nor whether it then controlled any common-carrier corporation.

The company owned on date of sale a graded roadbed between Fort Wayne and Jeffersonville, Ind., all acquired by construction. It is not known whether the construction work was performed by the company's forces or by contract. The portion of the graded roadbed of The Fort Wayne & Southern Rail Road Company between Fort Wayne and Muncie, Ind., was conveyed to The Fort Wayne, Muncie and Cincinnati Railway Company, now a part of The Lake Erie and Western Railroad Company. Further details are given in the accounting report on the Baltimore and Ohio Southwestern.

The New Albany and Eastern Railway—Predecessor of the Ohio and Mississippi Railway (Second Corporation)

This company was incorporated January 31, 1887, in Indiana. No accounting records of the company were obtained. Certain information stated below was obtained from the accounting records of the successor.

The records reviewed do not indicate whether the company was controlled by any individual or corporation on July 1, 1888, the date of sale, nor whether it then controlled any common-carrier corporation.

The property of the company was operated by the Ohio and Mississippi Railway Company (second corporation) from the date completed to the date of sale.

The railroad owned on date of sale consisted of 7.50 miles of single-track, standard-gage, steam railroad from New Albany to Watson, Ind., all acquired by construction. It is not known whether the construction work was performed by the company's forces or by contract. Further details are given in the accounting report on the Baltimore and Ohio Southwestern.

The Marietta Railway

This company was incorporated October 15, 1896, in Ohio. The company was controlled on June 19, 1900, the date of sale, by the Baltimore and Ohio Southwestern through ownership of a majority of its capital stock. The records reviewed do not indicate that this company controlled any common-carrier corporation. The property, consisting of a depot, train shed, and 0.27 mile of track, all in Marietta, Ohio, was operated under lease by The Baltimore and Ohio Southwestern Railway Company and its successor, The Baltimore and Ohio Southwestern, from the date of acquirement to date of sale. The entire property owned on date of sale had been acquired by purchase from Theodore D. Dale and associates, who had acquired it at a foreclosure sale on November 4, 1895, from The United Terminal Railway Company.

The United Terminal Railway

This company was incorporated October 9, 1889, in Ohio. No accounting records of this company were obtained. However, certain data given below were obtained from other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on November 4, 1895, the date of sale, nor whether it then controlled any common-carrier corporation. The property of this company was operated by its own organization from the date of acquirement until receivership, January 8, 1894, and from the latter date until surrender to successor, October 16, 1896, by a receiver. The property consisted of a depot, train shed, and 0.27 mile of tracks, in Marietta, Ohio, acquired partly by purchase from The Loan & Investment Company and partly by construction. Further details are given in the accounting report on the Baltimore and Ohio Southwestern.

The Baltimore and Ohio Southwestern Terminal Company

Introductory

This company was incorporated April 9, 1891, in New Jersey. It was controlled on August 1, 1899, the date of sale, by the Baltimore and Ohio Southwestern through ownership of its capital stock. The records reviewed do not indicate that this company controlled any common-carrier corporation. The property was operated under lease by The Baltimore and Ohio Southwestern Railroad Company (of 1889) and The Baltimore and Ohio Southwestern Railway Company from date put in operation to date of sale. It consisted of certain real estate located at Athens and Cincinnati, and railroad shops at Chillicothe, all in Ohio.

Development of Fixed Physical Property

The real estate owned by the company on date of sale had been acquired by purchase from The Baltimore and Ohio Southwestern Railroad Company (of 1889). The railroad shops were constructed by the latter company for the company. Further details are given in the accounting report on the Baltimore and Ohio Southwestern.