Corporate Genealogy
Lorain, Ashland & Southern

INTRODUCTORY

The Lorain, Ashland & Southern is a corporation of the State of Ohio, having its principal office at Akron, Ohio. It is controlled by the Pennsylvania Company and the Erie Railroad Company jointly through ownership of a majority of the capital stock. The records do not indicate that this company controls any carrier corporation. The property has been operated by its own organization during its entire life.

CORPORATE HISTORY

The Lorain, Ashland & Southern was incorporated May 13, 1913, under the general laws of the State of Ohio, for the purpose of acquiring the property, rights and franchises of The Lorain, Ashland & Southern Railroad Company (first corporation) and The Ashland and Western Railway Company. Pursuant to this purpose, the Lorain, Ashland & Southern acquired at its organization the property, rights and franchises of the two railroad corporations named. The Lorain, Ashland & Southern and those corporations, together with their predecessors, total eight different corporations, of which one underwent a change of name, and comprise the line of corporate succession culminating in the Lorain, Ashland & Southern as at present constituted. The following chart shows data as to incorporations and succession.

# Name Incorporation Succession
1 The Lorain, Ashland & Southern Railroad Company (second corporation). Under general laws of Ohio, May, 13, 1913.
2 The Lorain, Ashland & Southern Railroad Company (first corporation). Under general laws of Ohio, through articles of consolidation; dated and filed in Ohio, Nov. 4, 1910. Consolidated May 13, 1913, with 5, to form 1.
3 The Lorain & Ashland Railroad Company. Under general laws of Ohio, July 3, 1905. Consolidated Nov. 4, 1910, with 4, to form 2.
4 The Industrial Railroad Company Under general laws of Ohio, June 19, 1903. Consolidated Nov. 4, 1910, with 3, to form 2.
5 The Ashland and Western Railway Company. Under general laws of Ohio, June 20, 1904. Consolidated May 13, 1913, with 2, to form 1.
6 The Ashland & Western Railroad Company. Under general laws of Ohio, June 20, 1904. Sold to 5, Nov. 10, 1906.
7 The Lake and River Railway Company. Under general laws of Ohio, Mar. 10, 1903. Road Custaloga to Ashland, Ohio, together with right of way and roadbed between Ashland and New London, Ohio, sold at foreclosure May 25, 1904, after receivership begun Aug. 5, 1903, and acquired June 22, 1904, by 6. Road and land at Akron, Ohio, previously acquired from The Richland and Mahoning Railway Company (second corporation) sold at foreclosure Feb. 27, 1907, and acquired by The Akron, Canton and Youngstown Railway Company, which does not form a part of the system of the Lorain, Ashland & Southern.
8 The Ashland and Wooster Railway Company. See 9 Consolidated Mar. 10, 1903, with The Richland and Mahoning Railway Company (second corporation) to form 7.
9 The Millersburgh, Jeromeville and Greenwich Railroad Company. Under general laws of Ohio, Apr. 16, 1894. Name changed to 8, Mar. 3, 1897.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage, 66.483 miles, was acquired partly by consolidation and partly by construction. Of the seven corporations that comprise the line of succession culminating in the Lorain, Ashland & Southern as at present constituted, four corporations did not construct any road or other common-carrier property. These companies were The Lorain, Ashland & Southern Railroad Company (first corporation), The Ashland and Western Railway Company, The Ashland and Western Railroad Company, and The Lake and River Railway Company. The property constructed by the remaining corporations, the years when the various portions of the line were constructed, and the manner in which the Lorain, Ashland & Southern acquired the property are indicated in the following table, wherein, to facilitate comparison with the table showing corporate succession, the same order of corporations is maintained;

Acquired by construction, constructed by contractor:
      Ashland Junction to Wellington, Ohio, 1913-1914 (About 5 miles constructed on right of way and partially graded roadbed acquired from The Ashland and Western Railway Company.) 23.510
From a point within 3 miles of Lorain to The Baltimore and Ohio Railroad Company's crossing at Lorain, Ohio, 1914 3.000 26.510
Acquired by consolidation:
From The Lorain, Ashland & Southern Railroad Company (first corporation), May 13, 1913--
      Constructed in 1906 by The Lorain & Ashland Railroad Company and reconstructed in 1914 by the Lorain, Ashland & Southern, Wellington to a point within 3 miles of Lorain, Ohio 17.620
Constructed by The Industrial Railroad Company and opened for operation in 1914 by the Lorain, Ashland & Southern, The Baltimore and Ohio Rail Road Company's crossing at Lorain, Ohio, to a point east thereof, 1906 1.050 18.670
From The Ashland and Western Railway Company, May 13, 1913, constreucted by The Ashland and Wooster Railway Company and reconstructed in 1914 by the Lorain, Ashland & Southern--
Custaloga to Jeromeville, Ohio, 1895 12.640
Jeromeville to Ashland, Ohio, 1899 8.710
9 miles of roadbed between Ashland and New London, Ohio, about 1903 ---- 21.350
Total recorded mileage 66.530
Less difference between total recorded mileage and mileage inventoried .047
Mileage inventoried as of date of valuation 66.483

The original construction and the reconstruction work performed for the Lorain, Ashland & Southern, was done under contract by The West Virginia and Ohio Construction Company, which was apparently affiliated with the Lorain, Ashland & Southern.

TRAFFIC CONNECTIONS

 
Carrier
 
 
Connecting point
 
The Akron, Canton & Youngstown Railroad Company Bakers
The Baltimore and Ohio Railroad Company Lorain and Nova
The Cleveland, Cincinnati, Chicago and St. Louis Railway Company Wellington
Erie Railroad Company Ashland
The New York Central Railroad Company Oberlin
The New York Central and St. Louis Railroad Company [1] Lorain
Pennsylvania Railroad Custaloga
The Wheeling and Lake Erie Railroad Company Wellington

LEASED RAILWAY PROPERTY

The Lorain, Ashland & Southern jointly used 0.032 mile of track owned by The Wheeling and Lake Erie Railway Company at Wellington , Ohio, under a trackage agreement for an indefinite period from May 1, 1914, at an annual rental of $1,500 and maintenance of certain switches and frogs. The rental charged to income for the year ending on date of valuation was not ascertained.

Note 1: I suspect the ICC incorrectly expanded NYC&StL. This NYC should be New York, Chicago as in New York, Chicago and St. Louis. Back.


Original data source: Valuation Reports Vol. 23 pp 838, 840-842, 849
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 3 April 2001
Certain typographical errors corrected 1 July 2002
Content expanded 20 July 2002
Added footnote 19 March 2003
Valuation date corrected 7 July 2005
Typographical errors corrected 20 January 2008
Find an error? Have a comment? Tell Bob.