Wikipedia:WikiProject Trains/ICC valuations/Chicago Heights Terminal Transfer Railroad

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Location and general description of property.—The railroad of the Chicago Heights Terminal Transfer Railroad Company, herein called the carrier, is a single-track, standard-gauge, steam-operated, switching railroad, located in and about Chicago Heights, Ill. It consists of 6.697 miles of main track and 13.298 miles of yard tracks and sidings. The road thus embraces 19.995 miles of all tracks wholly owned and used. The carrier is controlled by the Chicago Heights Land Association, and its principal business consists of switching freight between connecting roads and the numerous industries located along its tracks.

CORPORATE HISTORY

The carrier was incorporated March 30, 1898, under the general laws of the State of Illinois, for the purpose of constructing a railroad from different points in the town of Bloom, Cook County, Ill., to various railroads and industries located in that town, with a belt line connecting the railroads.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the carrier, 6.697 miles, was acquired by construction, as follows:

Seventeenth Street line; Chicago and Eastern Illinois Railroad depot to Wentworth Avenue, 1900 0.82

Main belt line; Seventeenth Street near Chicago and Eastern Illinois depot, north and around loop to east-end connection of Seventeenth Street line near Wentworth avenue, 1901 2.40

Inland Steel line; Seventeenth Street connection near Hanover Street south to near Twenty-second Street, and west to right of way of Chicago and Eastern Illinois, 1901 .85

Brickyard line; connection with Seventeenth Street line near Stewart Avenue, south and west to connection with Chicago and Eastern Illinois, 1905 1.44

Seventeenth Street extension; connection with Seventeenth Street line near Wentworth Avenue, east to end of track, 1916 .81

Armour main; connection with main belt line near Tenth Street, east to end of track, 1918 .37

Total recorded mileage 6.69

Difference between total recorded mileage and mileage inventoried as of date of valuation .007

Mileage inventoried as of date of valuation 6.697

The railroad of the carrier was constructed for it by, or under the supervision of, the land association.

HISTORY OF CORPORATE FINANCING