The carrier is an Indiana corporation having its principal office at Fort Wayne, Ind.
It is controlled jointly by The Pennsylvania Railroad Company, the New York, Chicago and St. Louis Railroad Company, Wabash Railway Company, and The New York Central Railroad Company through ownership of its stock, one fourth by each, and under the terms of an agreement "for the incorporation, organization, construction, management and financing" of the new corporation and its property, dated May 25, 1921.
On the other hand the carrier does not control any other carrier corporation.
The property has been operated from the date of completion June 1, 1925, to the date of valuation December 31, 1927, by its own organization.
The carrier was incorporated October 11, 1922, under general laws of Indiana, to provide for transfers between the controlling carriers; to make certain territory available for industrial development; and to serve industries located, and to be located, in and around Fort Wayne. It was organized January 19, 1923.
The road owned by the carrier was acquired by construction, under our authority given May 16, 1923 79 I.C.C. 442, during 1924 and 1925 under contract for construction dated September 2, 1924. It was placed in operation June 1, 1925. Industrial tracks were added in 1926 and 1927.
The carrier has connections for interchange of traffic at Fort Wayne, Ind., with the roads of The New York, Chicago and St. Louis Railroad Company, The Pennsylvania Railroad Company, and the Wabash Railway Company.
The carrier uses on date of valuation property owned by other companies and another company uses property owned by the carrier to the extent indicated below.
|Solely owned but jointly used, used with The Pennsylvania Railroad Company, tracks, 0.113 mile, extending from Junction with the Pittsburgh, Fort Wayne and Chicago Railway Company to a point 600 feet east. Terms and stipulated payment not ascertained.||-----|
|Jointly used but not owned, owned by Pittsburgh, Fort Wayne and Chicago Railway Company, tracks, 0.319 mile, to reach certain yard tracks, and sidings. Term and stipulated payment not acertained.||-----|
In addition to the foregoing, The Pennsylvania Railroad Company, Wabash Railroad Company, and the New York, Chicago and St. Louis Railroad Company, each in rotation for periods of 6 months, furnish the necessary locomotives and crews for operation of the carrier's line, such arrangement being on a rental basis.
|Original data source:||Valuation Reports Vol. 45 pp 817-819, 822|
Interstate Commerce Commission
Although published in 1933, the report is "...as of date of valuation" which was 31 December, 1927