Wikipedia:WikiProject Trains/ICC valuations/Wisconsin and Michigan Railway
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The railroad of Wisconsin & Michigan Railway Company, herein called the carrier, is a single-track, standard-gauge, steam railroad, located in the States of Wisconsin and Michigan. The owned mileage consists of a main line extending in a northerly direction from Peshtigo Harbor, Wis., to Iron Mountain, Mich., and branch lines extending from Everett, Mich., to Constine, Wis.; Aragon Junction to South Norway, Mich.; and from Bergam, Mich., to a connection with the Chicago, Milwaukee and St. Paul Railway. The carrier owns and uses 132.555 miles of all tracks, which are classified in the trackage table in Appendix 1.
- CORPORATE HISTORY
The carrier was incorporated October 26, 1893, under the general laws of Wisconsin for the purpose of constructing, maintaining, and operating a railroad as described in its articles of incorporation. The carrier acquired by purchase the property, rights, and franchises of six railroad corporations, and also the railroad property of the Peshtigo Lumber Company, a noncarrier company. On January 15, 1912, Frank McKey was appointed receiver for the State of Illinois upon application of the Otto Gas Engine Company, based on an unpaid judgment of [...]
| No. | Name | Incorporation | Succession |
|---|---|---|---|
| 1. | Wisconsin & Michigan Railway Company. | Oct. 26, 1893, under general laws of Wisconsin. | |
| 2. | Ingalls, White Rapids and Northern Railroad Company. | Sept. 18, 1889, under general laws of Michigan. | Formed to take over 3; sold to 1 on Dec. 17, 1894. |
| 3. | Ingalls, White Rapids and Northern Railway Company. | Oct. 2, 1886, under general laws of Michigan. | Sold to John Bagley July 6, 1889, at foreclosure sale; reorganized as 2. |
| 4. | Menominee & Northern Railroad Company. | Oct. 23, 1893, under general laws of Michigan. | Sold to 1 on Aug. 3, 1895. |
| 5. | Peshtigo Lumber Company. | Sold its railroad property to 1, Sept. 1, 1895. | |
| 6. | Wisconsin, Michigan & Northern Railway Company. | Nov. 17, 1898, under general laws of Michigan. | Sold to 1 July 3, 1902. |
| 7. | Miscauno & North-Western Railway Company. | June 7, 1905, under general laws of Michigan. | Sold to 1, on June 14, 1905. |
| 8. | Quinnesec & Western Railway Company. | June 7, 1905, under general laws of Michigan. | Sold to 1, on June 7[sic - 14], 1905. |
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The owned mileage of the carrier, 114.345 miles, was all acquired by purchase or construction, as follows:
- By purchase from—
- Ingalls, White Rapids & Northern Railroad Company, Dec. 17, 1894; constructed by that company, Ingalls to a point in Menominee, Mich., narrow gauge, 1887 15
- Peshtigo Lumber Company, Sept. 1, 1895; constructed by that company, Peshtigo Harbor to Peshtigo, Mich., narrow gauge, 1862 8
- Miscauno & North-Western Railway Company, June 14, 1905; constructed by William Holmes and Son, Miscauno Island to Constine, Wis., 1894 25
- Quinnesec & Western Railway Company, June 14, 1905; constructed by that company, Everett, Mich., to Miscauno, Wis., 1904 7
- Lake Michigan Car Ferry Transportation Company, dock facilities at Peshtigo Harbor, Mich. 0
- 55
- By construction:
- Peshtigo to Faithorn Junction, Mich., 1893 33
- Faithorn Junction to Quinnesec, Mich., 1903 17
- Quinnesec to Cundy, Mich., 1904 2
- Cundy to Iron Mountain, Mich., 1908 3
- Aragon Junction to South Norway, Mich., 1908 6
- Twin Creek to Sycamore, Wis., 1902 8
- Koss to Ingalls, Mich., 1895 5
- 74
- Total 129
- Less sales, abandonments, and remeasurements:
- Twin Creek to Sycamore, Wis., 1902 8
- Koss to Ingalls, Mich., 1895 5
- Hammond, 1895 2
- 15
- Total recorded mileage 114
- Difference between total recorded mileage and mileage inventoried as of date of valuation 0.345
- Mileage inventoried as of date of valuation 114.345
In addition, the carrier jointly owns with the Chicago, Milwaukee & St. Paul Railroad Company 0.308 mile of sidetracks, described in Appendix 1.
Of the seven companies forming the line of succession of the carrier, the following did not construct any road or other common-carrier property: Ingalls, White Rapids & Northern Railroad Company; Menominee & Northern Railroad Company; Wisconsin, Michigan & Northern Railway Company; and Miscauno & North-Western Railway Company.
The road constructed by the carrier was practically all narrow gauge and had been constructed for logging purposes. The carrier reconstructed and standardized the gauge of the road purchased and made certain extensions thereto, the extent of which was not disclosed by the records reviewed. The available records did not disclose whether the carrier performed its construction with its own forces or whether the work was done under contract.
- HISTORY OF CORPORATE FINANCING