Corporate Genealogy
Cincinnati, Lebanon & Northern

INTRODUCTORY

The Cincinnati, Lebanon & Northern is a corporation of the State of Ohio, having its principal office at Cincinnati, Ohio. It is controlled by the Pennsylvania Company through ownership of the entire outstanding capital stock. The records do not indicate that it controls any common-carrier corporation.

The property of the Cincinnati, Lebanon & Northern, with the exception of 5.52 miles of its road, has been operated by the company's own organization from July 17, 1885, to date of valuation. The 5.52 miles of road extending from the north corporation limit of Lebanon, Ohio, to a point north of Dodds, Ohio, has been operated as indicated below.

By the company's own organization July 17, 1885, to Jan. 31, 1893
By The Dayton, Lebanon & Cincinnati Railroad Company. Feb. 1, 1893, to May 31, 1907
By the Dayton, Lebanon and Cincinnati Railroad and Terminal Company. June 1, 1907, to Dec. 31, 1914
By company's own organization Jan. 1, 1915, to date of valuation.

CORPORATE HISTORY

The Cincinnati, Lebanon and Northern was incorporated July 14, 1885, under the general laws of Ohio, for the purpose of purchasing and operating the property of The Cincinnati Northern Railway Company that had been sold at separate foreclosure sales of The Toledo, Cincinnati & St. Louis Railroad Company (second corporation). The date of organization was July 17, 1885. Pursuant to the above purpose, the Cincinnati, Lebanon & Northern acquired at its organization the property, rights, and franchises of The Cincinnati Northern Railway Company. It subsequently acquired the properties and franchises of The Dayton, Lebanon and Cincinnati Railroad and Terminal Company, The Middletown and Cincinnati Railroad company, and the Cincinnati Railway Tunnel Company. The Cincinnati, Lebanon & Northern, itself, and those corporations, together with their predecessors, total 13 different corporations, of which two underwent changes of name, and comprise the line of corporate succession culminating in the Cincinnati, Lebanon & Northern as at present constituted. The following chart shows the names of the corporations, the respective dates of incorporation and for each predecessor the date of succession, the immediately succeeding corporation, and the manner of succession. References to each of there corporations is made in the last column by its respective number in the first column.

No. Name Incorporation Succession
1 The Cincinnati, Lebanon & Northern Railway Company. Under general laws of Ohio, July 14, 1885.
2 The Toledo, Cincinnati & St. Louis Railroad Company (second corporation). Under general laws of Ohio, Indiana, and Illinois, through articles of consolidation dated May 5, 1883, filed in Ohio May 8, 1183. Sold at foreclosure of sectional mortgage on various dates, after receivership begun Oct. 20, 1883. Property previously acquired from 9 sold June 28, 1884, and Dec. 30, 1885; the portion Lebanon Junction to north of Dodds, Ohio, acquired Mar. 15, 1892 by 8; the remainder acquired by other corporations that form no part of the Cincinnati, Lebanon & Northern. Property previously acquired from 3 sold June 27, 1885, and reorganized as 1.
3 The Cincinnati Northern Railway Company. Under general laws of Ohio, June 29, 1880. Consolidated May 5, 1883, with 9 and a corporation not in line of succession to form 2.
4 Miami Valley Railway Company See 5 Sold at foreclosure Mar. 20, 1880, and reorganized June 29, 1880, as 3.
5 The Miami Valley Narrow Gauge Railway Company. Under general laws of Ohio, Nov. 9, 1874. Name changed to 4, Oct. 17, 1876.
6 Cincinnati, Lebanon and Xenia Rail Road Company. Under special act of Ohio, Mar. 22, 1850. Sold at foreclosure, sale confirmed Nov. 17, 1869, and acquired Apr. 15, 1876, by 5.
7 The Dayton, Lebanon and Cincinnati Railroad and Terminal Company. Under general laws of Ohio, May 31, 1907. Sold to 1, July 1, 1915, but charter not canceled.
8 The Dayton, Lebanon and Cincinnati Railroad Company. Under general laws of Ohio, Feb. 8, 1889. Sold at foreclosure Apr. 16, 1907, after receivership begun Jan. 4, 1905, and reorganized May 31, 1907, as 7.
9 The Toledo, Cincinnati and St. Louis Railroad Company (first corporation). Under general laws of Ohio, Indiana, and Illinois, through articles of consolidation; dated Feb. 25, 1882; filed in Ohio Mar. 2, 1882; effective Apr. 1, 1882. Consolidated May 8, 1883, with 3 and a corporation not in the line of succession to form 2.
10 The Toledo, Delphos and Burlington Railroad Company (of Ohio). Under general laws of Ohio, through consolidation, Oct. 25, 1881. Consolidated Apr. 1, 1882, with four corporations not in the line of succession, to form 9.
11 Toledo, Delphos and Burlington Railroad Company. Under general laws of Ohio, Mar. 18, 1881. Consolidated Oct. 25, 1881, with a corporation not in the line of succession to form 10.
12 The Middletown and Cincinnati Railroad Company. Under general laws of Ohio, Dec. 26, 1894. Sold to 1, June 3, 1902, but charter not canceled.
13 The Middletown and Cincinnati Railway Company. Under general laws of Ohio, Mar. 3, 1890. Sold at foreclosure Oct. 20, 1894, after receivership begun July 28, 1894, and reorganized Dec. 26, 1894, as 12.
14 Cincinnati Railway Tunnel Company. See 17 Sold at foreclosure May 19, 1896, and acquired Sept. 10, 1902, by 1.
15 Dayton and Cincinnati Railroad Company. See 17 Name changed to 14, Jan. 31, 1872.
16 Dayton, Springboro, Lebanon and Cincinnati Railroad Company. See 17 Name changed to 15, Feb. 27, 1849.
17 Dayton, Lebanon and Deerfield Railroad Company. Under special act of Ohio, Feb. 6, 1847. Name changed to 16, Feb. 14, 1848.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the Cincinnati, Lebanon & Northern, 76.197 miles, was acquired by purchase. Of the 12 corporations that comprise the line of corporate succession culminating in the Cincinnati, Lebanon & Northern as at present constituted, three corporations did not construct any road or other common-carrier property and one partly constructed certain property that has never been completed and used for common-carrier purposes. These companies were: The Toledo, Cincinnati & St. Louis Railroad Company (second corporation), The Toledo, Cincinnati and St. Louis Railroad company (first corporation), The Middletown and Cincinnati Railroad Company, and The Cincinnati Railway Tunnel Company.

The property constructed by the remaining corporations and that partly constructed by the Cincinnati Railway Tunnel Company, the years when various portions of the line were constructed, and the manner in which the Cincinnati, Lebanon & Northern acquired the property are indicated in the following table, wherein, to facilitate comparison with the table showing the corporate succession, previously given, the same order of corporations is maintained.

Property of The Cincinnati Northern Railway Company acquired through the reorganization trustees:
     From The Toledo, Cincinnati & St. Louis Railroad Company (second corporation) July 16, 1885--
     Constructed partly by the Miami Valley Railway Company and completed by The Cincinnati Northern Railway Company--
     Cincinnati to East Norwood, Ohio, prior to Mar. 1, 1882 5.30
Dodds to Waynesville, Ohio, year not ascertained (about 5 miles of roadbed) ------
Constructed partly by the Cincinnati, Lebanon and Xenia Rail Road Company and completed by The Cincinnati Northern Railway Company--
East Norwood to Lebanon, Ohio, prior to May 10, 1881 24.86
Lebanon to Dodds, Ohio, prior to Mar. 1, 1882 5.52
Constructed by The Cincinnati Northern Railway Company, Blue Ash to Montgomery, Ohio, prior to Nov. 14, 1881   1.35 37.03
Acquired by purchase:
From The Dayton, Lebanon and Cincinnati Railroad and Terminal Company, July 1, 1915--
Constructed partly by the Toledo, Delphos and Burlington Railroad Company and completed by The Toledo, Delphos and Burlington Railroad Company (of Ohio), Dodds to Lebanon Junction, Ohio, 1881-82 16.96
Constructed by The Dayton, Lebanon & Cincinnati Railroad Company, Hempstead to Lambeth, Ohio, 1903 3.60
Constructed by The Dayton, Lebanon and Cincinnati Railroad and Terminal Company--
Lambeth to Brown Street, Dayton, Ohio, 1909 1.30
Brown Street to Washington Street , Dayton, Ohio, 1912 1.54
Lebanon Junction to Clement, Ohio, 1915   1.51 24.91
From The Middletown and Cincinnati Railroad Company, June 3, 1902, constructed by The Middletown and Cincinnati Railway Company, Middletown Junction to Middletown, Ohio, 1890-1892  14.23
Total 76.17
Difference between total recorded mileage and mileage inventoried as of date of valuation    .027
Mileage inventoried as of date of valuation 76.197

The 37.03 miles of road acquired from the Cincinnati Northern Railway Company was originally narrow guage, but was changed to standard guage in 1894. In addition, the Cincinnati, Lebanon & Northern reported that it owned 10,010 feet of an incompleted tunnel under Walnut Hills, Cincinnati, Ohio, and four miles of incompleted roadbed, extending from Cincinnati to a point north thereof, which was formerly owned by the Cincinnati Railway Tunnel Company. No part of this tunnel or roadbed has been inventoried as being common-carrier property owned by the company on date of valuation.

TRAFFIC CONNECTIONS

The Cincinnati, Lebanon & Northern has connections with other carriers for the interchange of traffic, as follows:

 
Carrier
 
 
Connecting Points
 
All railroads entering city Cincinnati and Dayton.
The Baltimore and Ohio Rail Road Company Lebanon Junction and Middletown.
The Baltimore and Ohio Southwestern Railroad Company. East Norwood.
The Cleveland, Cincinnati, Chicago and St. Louis Railway Company. Middletown.
Norfolk and Western Railway Company. Idlewild.
The Pittsburgh, Cincinnati, Chicago and St. Louis Railway Company. Clement, McCullough, and Middletown Junction.

INVESTMENTS IN OTHER COMPANIES

The investments of the Cincinnati, Lebanon & Northern in other companies on date of valuation are stated in its records at a total book value of $1,065. The total of such investments made by the Cincinnati, Lebanon & Northern to date of valuation amounted to $1,001,380 par value and $401,356 recorded book value. Of these, there have been disposed of $1,000,266 par value, with a recorded book value of $400,291, leaving on date of valuation investments of $1,114 par value and $1,065 recorded book value. A statement of the investments recorded as of date of valuation, with their respective par values and book values, follows:

Par value Book value
Stocks, Business Men's Club of Cincinnati, Ohio 50 1
Bonds, Enterprise Lumber Company 1,064 1,064

The considerations recorded as passed in the acquisition of the investments recorded as of date of valuation were $26 in cash, $25 of which was subsequently written off to profit and loss; and settlement of freight charges amounting to $1,064.

LEASED RAILWAY PROPERTY

The Norfolk and Western Railway Company jointly uses about 3.51 miles of track owned by the Cincinnati, Lebanon & Northern between Idlewild and Cincinnati, Ohio, under a trackage agreement for an indefinite period from August 1, 1904; annual rental a proportion, on basis of locomotive and car miles, of 4.5 per cent on valuation of the property used and cost of maintenance and operation. The rental accrued and credited by the Cincinnati, Lebanon & Northern to income for the year ending on date of valuation was $38,343.15.

This company owns 2.010 miles of sidetrack that is solely used by the American Rolling Mills Company, a noncarrier company. The terms of the agreement under which this track is used and the rental received by the company for its use for the year ending on the date of valuation was not obtained.

The Cincinnati, Lebanon & Northern jointly uses certain minor facilities of other companies, such as stations and interlockers, that are not listed in this chapter.


Original data source: Valuation Reports Vol. 23 pp 796, 798-801, 814-815
Interstate Commerce Commission
Washington, DC
January 1929

Although published in 1929, the report is "...as of date of valuation" which was 30 June, 1917


HTML by Robert T. Netzlof 18 April 2001
Content expanded 11 June 2002
Content expanded 18 July 2002
Valuation date corrected 7 July 2005
Find an error? Have a comment? Tell Bob.