Wikipedia:WikiProject Trains/ICC valuations/Virginia and Truckee Railway
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The railroad of the Virginia & Truckee Railway, hereinafter called the carrier, is a single-track standard-gauge steam railroad, located in the western part of Nevada. The owned mileage, amounting to 67.721 miles, consists of a main line extending from Reno to Virginia City, a distance of 52.199 miles, with a branch from Carson City to Minden, 15.522 miles. The carrier also owns 16.780 miles of yard tracks and sidings. Its road thus embraces 84.501 miles of all tracks owned.
- CORPORATE HISTORY
The carrier was incorporated June 24, 1905, for a period of 50 years, under the general laws of Nevada. The purpose of incorporation was to purchase and operate the completed road, franchises, and property of the Virginia and Truckee Railroad Company, extending from Virginia City to Reno, and to construct and operate a branch line from Carson City to a point in Douglas County, 20 miles distant, and about 2.14 miles east of and opposite the town of Sheridan, and to construct any other branch roads or extensions of said completed road or proposed branch road. The date of organization of the carrier was June 24, 1905. It acquired the property, rights, and franchises of the Virginia and Truckee Railroad Company by deed bearing the above date, but operations were carried on in the name of the latter company to and including June 30, 1905.
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The owned mileage of the carrier, amounting to 67.72 miles, was acquired as follows:
- Acquired by purchase from the Virginia and Truckee Railroad Company, constructed by that company:
- Virginia City to Carson City, 1869 22.24
- Reno to Steamboat, 1870-1871 11.40
- Steamboat to Carson City, 1871-1872 18.01
- Virginia City to end of line, date unknown .55
- At Carson City, sidings reclassifled as road mileage, date unknown 1.24
- 53.44
- Acquired by construction, Carson City to Minden, 1905-1906 14.28
- Total mileage recorded and Inventoried as of date of valuation 67.72
In the construction of the road built for the carrier all branches of the work was done by its own forces.
- HISTORY OF CORPORATE FINANCING
- VIRGINIA AND TRUCKEE RAILROAD COMPANY
- INTRODUCTORY
The Virginia and Truckee Railroad Company was incorporated March 5, 1868, under the general laws of Nevada. The records of the Virginia and Truckee Railroad Company are found to be incomplete for the period prior to August, 1872. No ledgers are available for this period and details of some recorded amounts are not, therefore, obtainable. The records reviewed do not indicate that the Virginia and Truckee Railroad Company was controlled by any individual or corporation on June 24, 1905, the date of its demise, nor, on the other hand, that it then controlled any common-carrier corporations. The Virginia and Truckee Railroad Company was operated by its own organization during its entire life.
The railroad operated by the Virginia and Truckee Railroad Company on date of demise was a single-track standard-gauge steam railroad, extending from Virginia City to Reno, Nev., a distance of 52.20 miles. The company disposed of its property, rights, and franchises, except the right to be a corporation, by sale to the carrier on June 24, 1905, and was dissolved on August 29, 1905, by decree of court. The property was operated, however, by the Virginia and Truckee Railroad Company until the close of the fiscal year ended June 30, 1905.
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The entire 52.20 miles of road owned by the Virginia and Truckee Railroad Company on the date of demise had been acquired by it by construction, as detailed in the section on development of fixed physical property in the report on the carrier. In the construction of the road, all branches of the work was done by the company's own forces.
- HISTORY OF CORPORATE FINANCING