Corporate Genealogy
Pittsburgh, Cincinnati, Chicago and St. Louis Railway
The Panhandle

CORPORATE HISTORY

The Panhandle was incorporated under the general laws of the States of Pennsylvania, West Virginia, Ohio, Indiana and Illinois, for the purpose of consolidating the properties, rights, and franchises of The Pittsburgh, Cincinnati and St. Louis Railway Company, the Chicago, St. Louis and Pittsburgh Railroad Company, The Cincinnati & Richmond Railroad Company (second corporation), and the Jeffersonville, Madison and Indianapolis Railroad Company. The date of organization of the Panhandle was September 18, 1890.

Pursuant to the above purpose, the Panhandle acquired the property, rights, and franchises of the four corporations named. The Panhandle, itself, and those corporations, together with their predecessors, total 63 different corporations, of which five underwent a chage of name, and comprise the line of corporate succession culmnating in the Panhandle 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. Reference to each of these corporations is made in the last column by its respective number shown in the first column.

No. Name Incorporation Succession
1 The Pittsburgh, Cincinnati, Chicago & St. Louis Railway Company. Under general laws of Pennsylvania, West Virginia, Ohio, Indiana, and Illinois through consolidation agreement dated June 10, 1890, filed in Indiana and Illinois on Aug. 25, 1890, in West Virginia on Aug. 26, 1890, in Ohio on Aug. 28, 1890, and in Pennsylvania on Aug. 29, 1890, effective Sept. 30, 1890.
2 The Pittsburg, Cincinnati and St. Louis Railway Company. Under special acts of Legislatures of Pennsylvania and West Virginia, dated Mar. 23, 1868 and July 21, 1868, respectively. The consolidating companies continued to operate their properties until Apr. 30, 1868. Consolidated Sept. 30, 1890, with 7, 40, and 47 to form 1.
3 The Pan Handle Railway Company. Under general laws of Pennsylvania, Apr. 8, 1861. Consolidated Apr. 30, 1868, with 5 and 6, to form 2.
4 The Pittsburg and Steubenville Railroad Company. Through issuance July 22, 1851, of letters patent under special act of Pennsylvania, Mar. 24, 1849. Sold at foreclosure Nov. 6, 1867, to organizers of 3, to which company the property passed without further conveyance.
5 The Holliday's Cove Rail Road Company. Under special act of Virginia, approved Mar. 30, 1860. Consolidated Apr. 30, 1868, with 3 and 6 to form 2.
6 Steubenville and Indiana Railroad Company. Under special act of Ohio, approved Feb. 24, 1848. Consolidated Apr. 30, 1868, with 3 and 5 to form 2.
7 Chicago, Saint Louis and Pittsburgh Railroad Company. Under general laws of Indiana and Illinois, through consolidation agreement dated Sept. 5, 1883; filed in Indiana Apr. 1, 1884; Illinois Apr. 3, 1884; effective Apr. 1, 1884. Consolidated Sept. 30, 1890, with 2, 40, and 47 to form 1.
8 The Chicago, St. Louis and Pittsburgh Railroad Company (of Indiana). Under general laws of Indiana, Mar. 14, 1883. Consolidated Apr. 1, 1884, with 9 to form 7.
9 Chicago, St. Louis and Pittsburgh Railroad Company (of Illinois). Under general laws of Illinois Mar. 15, 1883. Consolidated Apr. 1, 1884, with 8 to form 7.
10 Columbus, Chicago and Indiana Central Railway Company. Under general laws of Ohio, Indiana and Illinois, through consolidation agreement dated Dec. 4, 1867; filed in Ohio and Illinois Feb. 11, 1868; in Indiana Feb. 12, 1868. Sold at foreclosure Jan. 10, 1883, to purchasing committee which conveyed part of the property to 8 and part to 9 by deeds dated Mar. 17, 1883. Operation of the property was continued by The Pittsburg, Cincinnati and St. Louis Railway Company as lessee until Apr. 1, 1883.
11 Columbus and Indiana Central Railway Company. Under general laws of Ohio and Indiana, through articles of consolidation dated June 28, 1867; filed in Ohio Sept. 10, 1867; Indiana Sept. 11, 1867. Consolidated Feb. 11, 1868, with 26 to form 10.
12 Columbus and Indianapolis Central Railway Company. Under general aws of Ohio and Indiana, through articles of consolidation dated Aug. 10, 1864; filed in Ohio Oct. 17, 1864; Indiana Oct. 19, 1864. Consolidated Sept. 10, 1868,with 17 to form 11.
See Note 1
13 The Columbus & Indianapolis Railroad Company. Under general laws of Ohio, Oct. 30, 1863. Consolidated Oct. 19, 1864, with 16 to form 12.
14 Columbus, Piqua and Indiana Railroad Company. Under special act of Ohio, approved Feb. 23, 1849. Sold Aug. 6, 1863, under foreclosure to trustees who conveyed the property to 13 on Dec. 1, 1863.
15 The Richmond and Covington Railroad Company. Under general laws of Ohio, Mar. 12, 1862. Sold Sept. 5, 1864, to 13.
16 The Indiana Central Railway Company. Under special act of Indiana, approved Feb. 16, 1848. Consolidated Oct. 19, 1864, with 13 to form 12. This company continued to operate the property until Oct. 31, 1864.
17 The Union and Logansport Railroad Company. Under general laws of Indiana, Jan. 5, 1863. Consolidated Sept. 10, 1867, with 12 and 21 to form 11.
See Note 1
18 The Marion and Mississinewa Valley Railroad Company (No. 2) Under general laws of Indiana through consolidation agreement dated Aug. 24, 1854. The date of filing with the secretary of state of Indiana is not known. Sold to 17, Jan. 9, 1863.
19 Marion and Logansport Railroad Company. Under general laws of Indiana, May 14, 1853. Consolidated Aug. 24, 1854, with 20 to form 18.
20 The Marion and Mississinewa Valley Railroad Company (No. 1) Under general laws of Indiana, May 11, 1852. Consolidated Aug. 24, 1854, with 19 to form 18.
21 Toledo, Logansport and Burlington Railway Company. Under general laws of Indiana, Sept. 26, 1862. Consolidated Sept 11, 1867, with 12 and 17 to form 11.
See Note 1
22 Toledo, Logansport and Burlington Railroad Company. See 25 Sold July 10, 1862, to trustee who conveyed property to incorporators of 21 on July 31, 1862.
23 Logansport, Peoria and Burlington Railway Company. See 25 Name changed to 22, June 11, 1858.
24 Logansport and Pacific Railway Company. See 25 Name changed to 23, Sept. 12, 1854.
25 Logansport and Pacific Railroad Company. Under general laws of Indiana, May 5, 1853. Name changed to 24, May 12, 1853.
26 Chicago and Great Eastern Railway Company (No. 4) Under general laws of Indiana and Illinois through articles of consolidation dated Jan. 25, 1865; filed in Illinois May 15, 1865. No record of filing date in Indiana. Consolidated Feb. 11, 1868, with 11 to form 10.
27 Cincinnati and Chicago Air-Line Railroad Company. Under general laws of Indiana, July 10, 1860. Consolidated May 15, 1865, with 34 to form 26.
28 Cincinnati and Chicago Railroad Company (No. 2) Under general laws of Indiana through articles of consolidation dated Aug. 31, 1854; filed Oct. 10, 1854. Sold at foreclosure Apr. 28, 1860, and conveyed May 26, 1860, to a purchasing committee who conveyed it to 27 on July 11, 1860.
29 Cincinnati, Logansport and Chicago Railway Company. See 30 Consolidated Oct. 10, 1854, with 31 to form 28.
30 New Castle and Richmond Railroad Company. Under special act of Indiana, approved Feb. 16, 1848. Name changed to 29, Feb. 26, 1853
31 Cincinnati and Chicago Railroad Company (No. 1) Under general laws of Indiana, through consolidation agreement ratified Apr. 12, 1854; filed May 1, 1854. Consolidated Oct. 10, 1854, with 29 to form 28.
32 Cincinnati, Cambridge & Chicago Short Line Railway Company. Under general laws of Indiana, Jan. 25, 1853. Consolidated May 1, 1854, with 33 to form 31.
33 Cincinnati, New Castle and Michigan Railroad Company. Under general laws of Indiana, Apr. 11, 1853. Consolidated May 1, 1854, with 32 to form 31.
34 Chicago and Great Eastern Railway Company (No. 3). Under general laws of Indiana and Illinois through articles of consolidation dated Jan. 25, 1865; filed in Illinois May 15, 1865; Indiana July 1, 1867 Consolidated May 15, 1865, with 27 to form 26.
35 Chicago and Cincinnati Railroad Company. Under general laws of Indiana, Sept. 25, 1857. Consolidated May 15, 1865, with 36 to form 34.
36 Chicago and Great Eastern Railway Company (No. 2). Under general laws of Indiana and Illinois through articles of consolidation dated Oct. 30, 1863; filed in Indiana Oct. 30, 1863; Illinois Nov. 2, 1863. Consolidated May 15, 1865, with 35 to form 34.
37 The Galena and Illinois River Railroad Company. Under special act of Illinois, approved Feb. 18, 1857. Consolidated Oct. 30, 1863, with 38 to form 36.
38 Chicago and Great Eastern Railway Company (No. 1). Under general laws of Indiana, June 19, 1863. Consolidated Oct. 30, 1863, with 37 to form 36.
39 The Kokomo Belt Railroad Company. Under general laws of Indiana, Nov. 22, 1888. Sold to 7, Jan. 27, 1890.
40 The Cincinnati & Richmond Railroad Company (No. 2) Under general laws of Ohio and Indiana through consolidation agreement executed Mar. 14, 1890; filed in Ohio Mar. 25, 1890; Indiana Mar. 26, 1890; effective Apr. 1, 1890. Consolidated Sept. 30, 1890, with 2, 7, and 47 to form 1.
41 The Cincinnati and Richmond Railroad Company (No. 1). Under general laws of Ohio, Dec. 22, 1881. Consolidated Apr. 1, 1890, with 42 and 43 to form 40.
42 Cincinnati, Richmond & Chicago Railroad Company. Under general laws of Ohio, Apr. 30, 1866. Consolidated Apr. 1, 1890, with 41 and 43 to form 40.
43 Richmond and Miami Railway Company. Under general laws of Indiana, Apr. 30, 1862. Consolidated Apr. 1, 1890, with 41 and 42 to form 40.
44 Eaton and Hamilton Railroad Company (No. 2). Under general laws of Ohio and Indiana through agreement for consolidation, effective Dec. 1, 1854. Portion of road acquired from 46 sold under foreclosure Jan. 25, 1862, to organizers of 43, who conveyed property to that company by deed dated Feb. 12, 1862; remainder sold to organizer of 42 Mar. 17, 1866, who conveyed property to that company by deed dated May 1, 1866.
45 Eaton and Hamilton Railroad Company (No. 1). Under special act of Ohio, approved Feb. 8, 1847. Consolidated Dec. 1, 1854, with 46 to form 44.
46 The President and Directors of the Richmond and Miami Railroad Company. Under special act of Indiana approved Jan. 19, 1846. Consolidated Dec. 1, 1854, with 45 to form 44.
47 Jeffersonville, Madison and Indianapolis Railroad Company. Under general laws of Indiana through articles of consolidation executed Apr. 30, 1866, effective May 1, 1866; filed June 1, 1866. Consolidated Sept. 30, 1890, with 2, 7, and 40 to form 1.
48 Indianapolis and Madison Railroad Company. Under general laws of Indiana, Mar. 28, 1862. Consolidated May 1, 1866, with 53 to form 47.
49 Madison and Indianapolis Railroad Company. Under special act of Indiana, approved June 20, 1842. Sold at foreclosure Mar. 27, 1862, and conveyed on Mar. 28, 1862, to trustees who organized 48.
50 Madison, Indianapolis and Peru Railroad Company. Under general laws of Indiana through consolidation agreement dated Sept. 7, 1853, effective Jan. 1, 1854. Dissolved under a court decree after property which had been acquired from 49 and 51 had been reconveyed to those companies.
51 President and Directors of the Peru & Indianapolis Railroad Company. Under special act of Indiana, approved Jan. 19, 1846. Consolidated Jan. 1, 1854, with 49 to form 50, but under court decree the properties were reconveyed to 49 and 51 on Sept. 4, 1854. Thus, although 51 takes position in the corporate succession culminating in the carrier, its property does not play a part in the development of the fixed physical property of the carrier. Sold at foreclosure Jan. 15, 1864, and subsequently conveyed to The Lake Erie and Western Railroad Company.
52 Madison and Indianapolis Railroad. An unincorporated company, the entire property of which was constructed and owned by the State under provisions of an act of the Legislature of Indiana of Jan. 27, 1836. Sold Feb. 26, 1856, to 49.
53 Jeffersonville Railroad Company. See 54 Consolidated June 1, 1866, with 48 to form 47.
54 Ohio and Indianapolis Railway Company. Under special act of Indiana, approved Feb. 3, 1832, and amendatory acts. Name changed to 53 Feb. 3, 1849.
55 Shelby and Rush Railroad Company. Under general laws of Indiana. Organized Oct. 5, 1859; date of incorporation unknown. Sold Apr. 10, 1882, to 47.
56 Rushville and Shelbyville Railroad Company. Under a special act of Indiana, approved Jan. 15, 1844. Sold at foreclosure July 6, 1859, and conveyed to the organizer of 55 on July 7, 1859.
57 Columbus and Shelby Railroad Company. Under general laws of Indiana, June, 8, 1852. Sold Nov. 18, 1881, to 47.
58 Lake Erie and Louisville Railroad Company. Under general laws of Ohio and Indiana under consolidation agreement dated Dec. 8, 1864; filed in Ohio and Indiana Feb. 4, 1865. Sold June 26, 1890, to 47.
59 Lake Erie and Pacific Railroad Company. Under general laws of Indiana, Oct. 6, 1860. Consolidated Feb. 4, 1865, with 60 to form 58.
60 Fremont, Lima & Union Railroad Company. Under general laws of Ohio, Jan. 21, 1862. Consolidated Feb. 4, 1865, with 59 to form 58.
61 The Fremont and Indiana Railroad Company. Under general laws of Ohio, Apr. 25, 1853. Sold at foreclosure Dec. 1861, to organizers of 60.
62 The Chartiers Railway Company (No. 2). Under general laws of Pennsylvania through agreement of consolidation dated Oct. 30, 1899; filed Dec. 30, 1899. Consolidated into 1 Nov. 21, 1907.
63 The Chartiers Railway Company (No. 1). Under general laws of Pennsylvania June 4, 1867. Consolidated Dec. 30, 1890, with 65 to form 62.
64 Chartiers Valley Railroad Company. Under special act of Pennsylvania approved Feb. 7, 1853. Sold at foreclosure Oct. 30, 1866, to trustees, who conveyed by deed dated Dec. 10, 1896, to organizers of 63.
65 The Chartiers Connecting Railroad Company. Under general laws of Pennsylvania, Nov. 21, 1881. Consolidated Dec. 30, 1899, with 63 to form 62.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The Panhandle reports that its wholly owned and jointly owned mileage aggregates 1,155.98 miles, which is 6 miles in excess of the mileage of 1,149.980 miles, divided between 1,114.491 miles wholly owned and 35.489 miles of jointly owned, which we have inventoried to the Panhandle. This excess can not be explained from the accounting records. The Panhandle reports that it acquired the mileage wholly and jointly owned as follows:

Mileage
By consolidation, purchase, and merger           1,121.45
By construction     43.53
Total 1,164.98
Less --
Mileage abandoned 5.75
Mileage reclassified    3.25
   9.00
Net total 1,155.98

Of the 63 corporations which comprise the line of succession culminating in the Panhandle, 12 constructed no property. These companies were--

The property constructed by the remaining corporations, the years the various portions of the line were opened for operation, and the manner in which the Panhandle acquired the properties are disclosed in the following table, wherein, to facilitate comparison with the table showing corporate succession, the same order of corporations is maintained.

Acquired from The Pittsburg, Cincinnati and St. Louis Railway Company, constructed by--
     That company--
     1887, New Cumberland Junction to New Cumberland, W. Va. 7.60
1888, New Cumberland to Union, W. Va. 1.90
1890, Bridgeville to Rend's Mine No. 2, Pa.   9.69 16.46
The Pittsburg and Steubenville Railroad Company, 1865, Pittsburgh, Pa. to Pennsylvania-West Virginia boundary and through a part of West Virginia to a point on the Ohio River opposite Steubenville, Ohio 40.68
The Holliday's Cove Railroad Company, 1865, at Steubenville, Ohio, Ohio River bridge. 0.36
Steubenville and Indiana Railroad Company--
1853, Steubenville to Unionpoint, Ohio 21.00
1855, Unionpoint to Newark, Ohio 95.17
1855, Cadiz Junction to Cadiz, Ohio 7.85
1857, at Newark, Ohio 0.85
1865, at Steubenville, Ohio River bridge 0.86
1864, purchased undivided one-half interest in line between Newark and Columbus, Ohio, owned by The Central Ohio Railroad Company, undivided mileage   33.13   158.86
216.36
Abandoned by The Pittsburg, Cincinnati and St. Louis Railway Company, 1864; by opening a tunnel near Gould, Ohio, that company shortened its operated mileage 2.18 miles, but neither the length of the new line constructed nor of the old line actually abandoned has been ascertained.   2.18 214.18
Acquired from the Chicago, St. Louis and Pittsburgh Railroad Company, constructed by--
That company--
1885, at Chicago, Ill. 2.34
Sold to Englewood Connecting Railway   2.34
Columbus, Chicago and Indiana Central Railway Company, 1873 and 1881, at Chicago 4.13
Partially by the Marion and Logansport Railroad Compnay, the Marion and Mississinewa Valley Railroad Company (No. 2), the Union and Logansport Railroad Company, and the Columbus and Indiana Central Railway Company, completed by the Columbus, Chicago and Indiana Central Railway Company, 1868, Marion to Anoka Junction, Ind. 35.56
Partially by the Marion and Mississinewa Valley Railroad Company (No. 1), the Marion and Mississinewa Valley Railroad Company (No. 2), and The Union and Logansport Railroad Company, completed by the Columbus and Indiana Central Railway Company, 1867, Ohio-Indiana boundary to Marion, Ind. 53.62
Columbus, Piqua and Indiana Railroad Company, 1856, Columbus to Union City, Ohio 103.77
The Richmond and Covington Railroad Company, 1863, Bradford to a connection with the Indiana Central Railway Company at a point on Ohio-Indiana boundary west of New Paris, Ohio 32.29
The Indiana Central Railway Company, 1853, Indianapolis to Ohio-Indiana boundary 71.94
Logansport, Peoria and Burlington Railway Company, 1859, Logansport to Effner, Ind. 61.57
Partially by the Chicago and Great Eastern Railway Company (No. 2) and the Chicago and Great Eastern Railway Company (No. 3), completed by the Chicago and Great Eastern Railway Company (No. 4)--
1865, La Crosse, Ind., to Chicago, Ill. 64.86
1865, abandoned La Crosse to Valparaiso, Ind.   10.40 54.46
Cincinnati and Chicago Air-Line Railroad Company--
1861, Wabash River bridge near Logansport, Ind., and track connecting with the Chicago and Cincinnati Railroad Company .77
Reclassified by the Cincinnati and Chicago Air-Line Railroad Company   .43 .34
Partially by the Cincinnati, Cambridge & Chicago Short Line Railway Company, the Cincinnati, Newcastle, and Michigan Railroad Company, and the Cincinnati, Logansport and Chicago Railway Company, completed by the Cincinnati and Chicago Railroad Company (No. 2), 1857, New Castle to Logansport, Ind. 80.22
Cincinnati, Logansport and Chicago Railway Company, 1853, Richmond to New Castle, Ind. 26.79
Chicago and Cincinnati Railroad Company, 1861, Logansport to a point east of Valparaiso, Ind. 58.65
The Kokomo Belt Railroad Company, 1889--
At Kokomo, Ind. 2.50
Reclassified as sidetrack   2.50 583.34
Acquired from The Cincinnati and Richmond Company (No. 2), constructed by--
The Cincinnati and Richmond Railroad (No. 1), 1888, Rendcomb Junction to Hamilton, Ohio 24.48
Richmond and Miami Railway Company, 1863, Richmond Junction to New Paris, Ind. 1.99
Eaton and Hamilton Railroad Company (No. 2), 1853, Hamilton to Neels, Ohio 35.45
The President and Directors of the Richmond and Miami Railroad Company, date unknown, Richmond, Ind., to Indiana-Illinois boundary at Neels, Ohio   6.03 67.95
Acquired from the Jeffersonville, Madison and Indianapolis Railroad Company, constructed by--
That company--
1870, Jeffersonville to Clarksville, Ind. 1.15
1870, Ohio Falls to Jeffersonville Junction, Ind. .64
Date not known, at New Albany, Ind.      .06
1.85
Reclassified and retired    .63 1.22
Madison and Indianapolis Railroad Company, 1847, Queensville to Indianapolis, Ind. 57.99
Abandoned by the Indianapolis and Madison Railroad Company in 1864, Edinburgh to Columbus  10.09 47.90
Madison and Indianapolis Railroad, 1839 to 1841, Madison to Queensville, Ind. 27.80
Jeffersonville Railroad Company--
1852, Jeffersonville to Columbus, Ind. 66.90
1853, Columbus to Edinburgh, Ind. 10.29
1865, Jeffersonville to New Albany, Ind.   5.42 82.61
Rushville and Shelbyville Railroad Company, 1850, Shelbyville to Rushville, Ind. 18.33
Columbus and Shelby Railroad Company, 1853, Columbus to Shelbyville, Ind. 23.86
Partially by the Lake Erie and Pacific Railroad Company, completed by the Lake Erie and Louisville Railroad Company, 1867, Cambridge City to Rushville, Ind.   20.85 222.57
The Fremont and Indiana Railroad Company, date unknown, Fremont to Findlay, Ohio 35.00
Partially by The Fremont and Indiana Railroad Company, competed by the Fremont, Lima & Union Railroad Company, date unknown, Findlay to a point 2 miles south 2.00
Partially by The Fremont and Indiana Railroad Company; not completed, south of Findlay to Lima, Ohio   30.0
67.00
Sold by the Lake Erie and Louisville Railroad Company at foreclosure sale in 1871 to a trustee who subsequently conveyed the property to the Fremont, Lima and Union Railway Company.
Partially by the Lake Erie and Pacific Railroad Company and sold, uncompleted, by the Lake Erie and Louisville Railroad Company at foreclosure sale in 1871 to a trustee who subsequently conveyed the property to the Lake Erie and Louisville Railway Company--
Cambridge City to Union City, Ind.   36.00
The foregoing property, wholly or partly constructed by The Fremont and Indiana Railroad Company and partially constructed by the Lake Erie and Pacific Railroad Company, is not now embraced by the Panhandle's railroad.
Acquired from the Chartiers Railway Company (No. 2), constructed by--
Partially constructed by the Chartiers Valley Railroad Company, completed by The Chartiers Railway Company (No. 1), 1871, Carnegie to Washington, Pa. 22.79
The Chartiers Connecting Railroad Company, 1885, in Washington, Pa. .72
Meadow Lands and Zediker Railroad Company, 1904, Meadow Lands to Manifold Mine, Pa. 1.72
Western Washington Railroad Company, 1901--
Houston to Westland, Pa. 5.02
Plum Run Junction to Palanka, Pa.    1.63    6.65 31.88
Acquired from The Midway and Oakdale Railway Company, constructed by that company, 1901, Midway to Shaw Coal Company Mines    1.53
Total acquired by consolidation, purchase, and merger 1,121.45
Constructed by the Panhandle:
1892, Cecil to Bishop, Pa. 1.94
1893, Trimmer to Boone, Ind. 6.40
1900, Union to Chester, W. Va. 12.10
1903, Burgettstown to Cherry Valley, W. Va. 3.99
1905, Rosslynn Connection .99
1910, Bentonville to Dublin Junction, Ind. 4.78
1912, Lewis Run Junction to Carnegie, Pa. 2.58
1912, Burgettstown to Atlasburg, Pa. 4.19
1915, Langeloth to Studa, Pa.    6.56   43.53
Total of above 1,164.98
Abandoned by the Panhandle, 1910, Bentonville to Cambridge City, Ind. 5.75
Reclassified by the Panhandle:
1908, Meadow Lands to Manifold Mine 1.72
1909, Midway to Shaw Coal Company mines    1.53    3.25    9.00
Total recorded mileage 1,155.98
Excess of recorded mileage over mileage inventoried     6.00
Mileage inventoried as of date of valuation 1,149.98

The net mileage owned on date of valuation, shown above, includes 35.489 miles of road which the Panhandle jointly owns and uses with others, as follows:
Acquired from The Pittsburg, Cincinnati and St. Louis Railway Company and originally purchased by the Steubenville and Indiana Railroad Company, undivided one-half interest jointly owned and used with The Baltimore and Ohio Rail Road Company, Newark to Columbus, Ohio. 33.078
Acquired from Chicago, Saint Louis and Pittsburgh Railroad Company and wholly owned by the Panhandle until May 18, 1908, when the Panhandle conveyed an undivided one-half interest to Chicago, Milwaukee and St. Paul Railway Company, at Chicago, Ill., from Canal Street to Northwestern Avenue.    2.411
Total 35.489

TRAFFIC CONNECTIONS

The Panhandle has connections for the interchange of traffic with all railroads entering Pittsburgh, Pa.; Columbus and Cincinnati, Ohio; Indianapolis, Ind.; and Chicago, Ill. It also connects with the carriers named below at the points indicated.

 
Carrier
 
 
Connecting points
 
The Baltimore and Ohio Rail Road Company. Washington, Pa.; Wheeling, W. Va.; Newark and Xenia, Ohio; Jeffersonville and Seymour, Ind.
Central Indiana Railway Company. Anderson, Ind.
The Chesapeake and Ohio Railway Company. Muncie, North Judson, and Richmond, Ind.
Chicago, Indianapolis and Louisville Railway Company. La Crosse and New Albany, Ind.
Chicago, Terre Haute and Southeastern Railway Company. Seymour, Ind.
The Cincinnati, Hamilton and Dayton Railway Company. Hamilton, Dayton and Piqua, Ohio
The Cincinnati, Lebanon & Northern Railway Company Dayton, Ohio
The Cleveland, Cincinnati, Chicago and St. Louis Railway Company Anderson, Jeffersonville, Marion, Muncie, New Castle, and Union City, Ind.; Dayton, Springfield, and Urbana, Ohio.
Dayton and Union Railroad Company Union City, Ind.
Detroit, Toledo and Ironton Railroad Company Springfield, Ohio
Elgin, Joliet and Eastern Railway Company Hartsdale, Ind.
Erie Railroad Company Dayton and Urbana, Ohio, and North Judson, Ind.
Grand Rapids & Indiana Railway Company Richmond, Ind.
The Lake Erie and Western Railroad Company Muncie and New Castle, Ind.
The Michigan Central Railroad Company Hartsdale, Ind.
Muncie and Western Railroad Company Muncie, Ind.
Muncie Belt Railway Company Muncie, Ind.
New York Central Railroad Company North Judson, Ind.
Pennsylvania Company Coshocton, Newcomerstown, Steubenville, and Trinway, Ohio.
Pennsylvania Terminal Railway Company Clarksville, Ind.
Pere Marquette Railroad Company La Crosse, ind.
Southern Railway Company New Albany, Ind.
Toledo, Peoria & Western Railway Company Effner, Ind.
Toledo, St. Louis and Western Railroad Company Marion, Ind.
Vandalia Railroad Company Logansport, Ind.
Wabash Railway Company Logansport, Ind.
Waynesburg and Washington Railroad Company Washington, Pa.
The Wheeling and Lake Erie Railroad Comany Coshocton, Ohio
The Wheeling Terminal Railway Company Wheeling, W. Va.

INVESTMENTS IN OTHER COMPANIES

To date of valuation the Panhandle acquired investments in other companies, investments in notes of individuals and companies and miscellaneous investments, having a total par value of $35,507,677.92, which were recorded at a book value of $36,319,117.03. Prior to date of valuation the Panhandle disposed of $31,506,319.47 par value of the foregoing investments which had a book value of $32,809,127.20. This left investments in other companies on hand at date of valuation with par values and book values as indicated below:

Class Par Value Book value
Capital stock:
     Affiliated companies--
     Anderson Belt, common 49,100.00 49,100.00
New Cumberland & Pittsburgh Railway Company, common 100,450.00 100,450.00
Pittsburgh, Chartiers & Youghiogheny Railway Company, common 695,000.00 484,849.55
The Tylerdale Connecting Railroad Company, common 12,500.00 20,820.76
Waynesburg and Washington Railroad Company, common 195,950.00 132,370.25
Chicago Union Station Company, common 700,000.00 700,000.00
Dayton and Western 107,000.00 107,000.00
Union Depot Company (Columbus, Ohio)    250,000.00     37,298.75
Total 2,110,000.00 1,631,889.31
Nonaffliated companies--
Little Miami Railroad, special guarantee betterment stock 177,700.00 177,700.00
First-second National Bank of Pittsburgh, Pa. 26,900.00 33,625.00
Louisiana Purchase Exposition Company, common    20,000.00         1.00
Total   224,600.00   211,326.00
Investment notes:
Affiliated companies, Chartiers Southern Railway Company 5 per cent demand notes 300,005.63 300,005.63
Nonaffiliated companies--
City of Chicago 1,065.69 1,065.69
Isaac Goldberg 775.00 775.00
Town of Bunker Hill, Ind.   1,400.00   1,400.00
Total    3,240.62    3,240.62
Advances:
Affiliated companies--
New Cumberland & Pittsburgh Railway Company 9,465.99 9,465.99
The Tylerdale Connecting Railroad Company 5,133.11 5,133.11
Chicago Union Station Company 375,000.00 375,000.00
Dayton and Western 3,908.38 3,908.38
The Indianapolis Union Railway Company 400,000.00 400,000.00
Chartiers Southern Railway Company 33,740.83 33,749.83
Cincinnati, Richmond and Fort Wayne Railroad Company 1.00 1.00
Grand Rapids & Indiana Railway Company, leasees Cincinnati, Richmond & Fort Wayne Railroad Company 1.00 1.00
Chicago, Indiana & Eastern Railway Company    20,793.31    20,793.31
Total   848,052.62   848,052.62
Nonaffiliated companies:
Columbus and Xenia 143,660.00 143,660.00
Little Miami Railroad    371,799.51    371,799.51
Total 515,459.51
Miscellaneous:
Certificates of membership, par value not stated--
Board of Trade, Chicago, Ill. ----- 1.00
Chamber of Commerce, Cincinnati, Ohio ----- 1.00
The Columbus Club, Columbus, Ohio ----- 2.00
Queen City Club, Cincinnati, Ohio ----- 2.00
Business Men's Club, Cincinnati, Ohio ----- 1.00
Ohio Club, Columbus, Ohio ----- 1.00
Columbus Club, Indianapolis, Ind. ----- 1.00
Chamber of Commerce, Pittsburgh, Pa. ----- 1.00
Chamber of Commerce, Indianapolis, Ind. ----- 2.00
Athletic Club, Chicago, Ill. ----- 1.00
Athletic Club, Columbus, Ohio ----- 1.00
Socialier Turnverien Stock Association, Indianapolis, Ind. ----- 1.00
Board of Trade, Louisville, Ky.        -----        1.00
Total        -----        16.00
Grand total ----- 3,509,989.76

LEASED RAILWAY PROPERTY

The Panhandle uses on date of valuation facilities owned by other companies and other companies use facilities owned by the Panhandle to the extent indicated in the statement below. The description of the property, the period and terms of use and the rentals accrued and charged or credited to income for the year ending on date of valuation, are as follows:
Solely owned, but jointly used, used with--
     Pittsburgh, Chartiers and Youghiogheny Railway Company: 1.31 miles of road located between Carnegie and Woodville, Pa., together with sidetracks and station facilities. The compensaton for the use of these facilities is based on an amount equal to 3.5 per cent of a valuation of $135,574.09. The Pittsburgh, Chartiers and Youghiogheny also pays the salaries of two operators at Carnegie, one-half of the salary of the dispatchers and one-fourth of the salary of yard clerks and linemen. Charges for maintenance and operation of the tracks are divided on a basis of car and engine mileage. The station expense is divided on a basis of business performed. $4,745.09
The Pennsylvania Railroad Company: 2.05 miles of main and freight tracks located at Pittsburgh, Pa., extending from near Smithfield Street to the "DU" tower, for which it pays 0.035 cent per ton on all freight originating beyond the agreed switching limits of Pittsburgh, Pa., and interchanged with the Pennsylvania Company over these tracks. 262,851.81
Waynesburg and Washington Railroad Company: 0.82 mile of three-rail track located at Washington, Pa., between Main and Chestnut Streets, also third-rail yard tracks east of Main Street, freight and water station, engine houses and other facilities. For the use of these facilities a rental is fixed equal to 4 per cent per annum on a valuation of $9,700 for the tracks and $183,872 for the freight stations and facilities, divided on a basis of engines and cars of each company in and out of Washington, Pa., monthly. The cost of maintenance of the tracks, including watch boxes and wages of crossing watchmen, is divided on the basis of the total number of locomotives and cars in and out of Washington, Pa. each month. The cost of maintenance and operation, including taxes, insurance, and assessments of the freight station facilities, is divided on a platform-tonnage basis. The cost of maintenance and operation of the engine-house facilities is divided on the basis of the number of locomotives handled and of water-station facilities on the basis of the water furnished each company during November each year. The Panhandle recorded as a credit to its income account a rental for these facilities for the year ended with date of valuation in the amount of-- 1,668.84
Pennsylvania Company, as agent fot the Toledo, Columbus and Ohio River Railroad Company: 13.65 miles of main-line double-track railroad located between New Commerstown and Coshocton, Ohio; the Pennsylvania Company furnishes power and crews to move freight to points beyond New Commerstown or Coshocton, Ohio, not on the line of the Panhandle, and the Panhandle pays the Pennsylvania Company 45 cents per train mile and retains all the revenues. If two engines are used, 78 1/2 cents per train mile is paid.
The Hocking Valley Railway Company: 0.44 mile of double track located at Columbus, Ohio, between High Street and Hocking Valley connection. For the use of these facilities The Hocking Valley Railway Company pays a flat rental of $600 per month.
The Cincinnati, Hamilton and Dayton Railway Company: 0.80 mile of double main track and certain sidetracks, located at Piqua, Ohio; for use of these facilities The Cincinnati, Hamilton and Dayton Railway Company pays a fixed rental equal to 3 per cent per annum on a valuation of $100,316 and a maintenance charge of $24.17 per month. 3,009.48
Grand Rapids & Indiana Railway Company, as lessee of the property of the Cincinnati, Richmond and Fort Wayne Railroad Company: 0.79 mile of track, including freight station, terminal yards, interlockers, team tracks, and facilities and certain parts of passenger station and facilities located at Richmond, Ind. For use of these facilities the Grand Rapids & Indiana pays a flat rental of $250 per month. It also pays 25.8 per cent of all maintenance and renewal expenses and 20.8 per cent of operating expenses, except the operation of freight facilities and yards, of which it pays 20 per cent.
The Cincinnati, Hamilton and Dayton Railway Company: 0.16 mile of main track and certain sidetracks of the Panhandle between Fifth and Tenth Streets, located at Hamilton, Ohio 819.96
The Lake Erie and Western Railroad Company: 2.23 miles of main track and certain sidetracks located between New Castle and Fayne, Ind. The Lake Erie and Western Railroad Company pays 55 cents per train-mile for this service. Light engines are classed as one train. 3,000.08
In addition, there are a number of other facilities of minor importance owned by the carrier which are used jointly with other carriers, consisting principally of interlockers, crossings, crossing protection, passenger, freight, and other stations.
Solely used, but not owned, leased from--
The Pennsylvania Railroad Company--
     Steubenville Extension, 1.183 miles of road, at Pittsburgh, Pa., and all appurtenances including Grant and Try Street freight station facilities. The lease for the operation of this property was made by The Pensylvania Railroad Company on June 29, 1874, to the Pennsylvania Company, for a period extending to Apr. 1, 1870. On Oct. 24, 1876, the Pennsylvania Company sublet this property to The Pittsburg, Cincinnati and St. Louis Railway Company for a period extending from Nov. 1, 1876, to Nov. 1, 1901. The lease was not renewed at maturity, but the property has been operated under its provisions by the Pittsburg, Cincinnati and St. Louis Railway Company and the Panhandle, from Nov. 1, 1876, to date of valuation. The Panhandle maintains and operates the property and pays the Pennsylvania Company an annual rental equal to 5 per cent on a valuation of $1,238,572.92. 61,928.64
The Panhandle, under terms of sublease from the Pennsylvania Company, dated Mar. 16, 1893, pays an additional flat rental on Try Street yard facilities of-- 6,520.00
Ohio Connecting Railway: The entire property owned has been operated by the Panhandle, from Oct. 20, 1890, to date of valuation, under various resolutions of the boards of directors of the two companies and a lease dated Dec. 30, 1905, terminable on one year's notice. All of the property is maintained and operated by the Panhandle, except that part extending from Duff Junction to Lewis Run Junction. The latter parallels a track owned by the Pittsburgh, Chartiers and Youghiogheny Railway Company, and it has been maintained and operated by that company and the Panhandle jointly as a double track since June 5, 1905, under an agreement dated Feb. 1, 1905. The Panhandle turns over to the Ohio Connecting Railway the net earnings from the operations of its property. 249,950.12
Pittsburgh, Wheeling and Kentucky: The entire property owned is used by the Panhandle, under a lease excuted on Feb. 25, 1878, with the Pittsburg, Cincinati and St. Louis, for a period extending to Feb. 25, 1977. The Panhandle maintains and operates the property, collects all revenues and after deducting operating and maintenance expenses, insurance, taxes, assessments, and other charges pays the surplus to the Pittsburgh, Wheeling and Kentucky semi-annually. 166,377.88
Little Miami Railroad: The entire property owned has been operated by the Panhandle from 1891 to date of valuation, without written agreement, by virtue of the ownership of the entire outstanding capital stock of the Anderson Belt Railway. The Panhandle maintains and operates this property, but the Panhandle's records do not disclose that any payment was made for its use for the year ended on date of valuation.
Chicago, Indiana & Eastern: The entire property owned has been operated by the Panhandle from May 1, 1907, to date od valuation, under the terms of an agreement dated May 10, 1907, terminable on six month's notice. The Panhandle maintains and operates the property and accounts to the Chicago, Indiana & Eastern, for the net earnings from operation. The operation of the property for the year ended on date of valuation resulted in a deficit, which the Panhandle credited to income account Rent for Leased Roads in the amount of (Cr.)-- 28,783.91
Englewood Connecting Railway: The entire property owned is used by the Panhandle without ageement. The Panhandle maintains and operates the property and accounts to the Englewood Connecting Railway for the net earnings from operation. The operation of the property for the year ended on date of valuation resulted in a deficit, which amount the Panhandle credited to its income account Rent for Leased Roads in the amount of (Cr.)-- 3,789.61
Jointly used, but not owned, owned by--
The South Chicago and Southern Railroad Company: Line from Bernice to Colehour, Ill., consisting of 9.29 miles of track and facilities, including interlockers. The power and crews of the Panhandle move coke and stone trains over this track, and the Panhandle and the owner participate in the earnings. The South Chicago and Southern pays the Panhandle 45 cents per loaded train mile and the Panhandle pays The South Chicago and Southern 2 cents per light engine-mile, 1 cent per cabin car, and 40 cents per passenger-train mile. 9,834.20
The Pittsburgh, Fort Wayne and Chicago Railway Company: Line from Colehour to Chicago, Ill., consisting of 14.19 miles of first main track, together with other tracks and appurenances for the use of which the Panhandle pays a flat rental of 40 cents per passenger-train mile. The power and crews of the Panhandle move coke and stone trains as far as Fifty-fifth Street and the revenue derived therefrom is divided between it and the Pennsylvania Company., lessee of the property of the Pittsburgh, Fort Wayne and Chicago, the Panhandle paying the Pennsylvania Company 2 cents per light engine-mile and 1 cent per cabin car-mile, and the Pennsylvania Company paying the Panhandle 45 cents per loaded train-mile. 13,428.91
Chicago Union Station Company--
1.43 miles of track and passenger station facilities at Chicago, Ill. A rental amonting to 7 per cent on a valuation of $1,188,905 is divided equally among the using companies. The Panhandle's proportion for the year ended on date of valuation amounted to-- 16,644.67
The Panhandle also pays its proportion of the net expense of maintenance and operation of the property between Van Buren and Madison Streets, divided on a basis of the number of cars and engines handled.
The Indianapolis Union Railway Company: 1.20 miles of track and the passenger station and facilities owned by the Indianapolis Union Railway and 10.46 miles of track leased by the Indianapolis Union Railway from the Belt Railroad and Stock Yards Company, all of which facilities are located at Indianapolis, Ind. For the use of the facilities owned by the Indianapolis Union Railway the Panhandle pays a fixed rental of 2000/12783 of $1,000,000 capitalized at 4.5 per cent and on $1,538,072.70 capitalized at 7 per cent, and a sinking fund of $8,100 per annum. It also pays a portion of the expenses of maintenance and operation,including taxes, insurance, and assessments on tracks and appurtenances, based on the mileage of all cars and locomotives handled over the tracks, and a portion of the expenses of the passenger station and appurtenances based on all trains in and out of the station. For the use of the facilities leased by the Indianapolis Union Railway and sublet to the Panhandle, the latter pays a fixed annual rental of 2000/12783 of $975,851.18 capitalized at 7 per cent, and also pays a portion of the expenses of maintenance and operation, including taxes, insurance, and assessments, based on the mileage of all cars and engines handled.
The Dayton Union Railway Company: 0.54 mile of track and passenger station facilities, located at Dayton, Ohio. As compenstion for the use of these facilities the Panhandle pays its proportion of 7 per cent per annum on the capital stock of the Dayton and Union in the amount of $321,000, 5 per cent per annum on $47,000 ground rental, 4 per cent per annum on $388.000 mortgage bonds, and 1 per cent of that par value of bonds to be used as a sinking fund, together with expenses of maintenance and operation, taxes, assessments, and insurance. The charges are divided among the companies using the property on the basis of the number of trains in and out of the station. 13,555.15
Union Depot Company: 0.23 mile of track and passenger station facilities located at Columbus, Ohio, for the use of which the Panhandle pays its proportion of an amount equal to 8 per cent per annum on $74,597.50 capital stock, 7 per cent per annum on $374,000 mortgage bonds, and 4.5 per cent per annum on $464,000 mortgage bonds of the depot company and a payment of $3,123 per annum as a sinking fund, together with its proportion of the net charges for maintenance and operation, taxes, insurance, and assessments, divided on a basis of the total number of passenger trains using the station facilities for six months preceding the month in which the account is due.
The Pennsylvania Railroad Company: 0.20 mile of track, the passenger station, below the first floor, passenger yards, terminal facilities, interlockers, and appurtenances located at Pittsburgh, Pa., for which the Panhandle pays its proportion of a rental based on 4 per cent per annum on a valuation of $11,141,507.50, and maintenance and operation expenses of these facilities and including taxes and insurance; all divided on a basis of the number of passenger cars handled monthly for each company using the station. The Panhandle also uses the office facilities of the Pennsylvania Station, above the first floor, including a proper portion of the Liberty Avenue and Tenth Street power plant. The expense of maintenance and operation, together with a rental equal to 4 per cent per annum on a valuation of $1,336,616.21, is divided among the companies using the facilities.
The Lake Erie and Western Railroad Company: 53.98 miles of single-track main line, located between Indianapolis and Kokomo, Ind., including side tracks, water and other stations, real estate and other property, but excluding terminal buildings, shops, structures, and side tracks at Indianapolis. As compensation for the use of this property the Panhandle pays a monthly rental of $2,755.73; also its proportion of the charges for maintenance and operating expenses, including renewals, taxes, insurance and assessments for all property jointly used, except passenger stations, divided on a basis of car and engine mileage. The expenses of passenger station maintenance and operation is borne solely by the Lake Erie and Western because the Panhandle retains only 25 per cent of the revenue derived from Lake Erie and Western tickets honored on Panhandle's trains.
The Cincinnati, Hamilton and Dayton Railway Company--
1.27 miles of track located at Dayton, Ohio, extending from near Third Street to Miami City Junction. The expenses of maintenance, operation and renewals are divided on a wheelage basis.
1.60 miles of double track extending from Hamilton to New River Junction, Ohio, together with side tracks, signals, and all main track appurtenances. The Panhandle has perpetual rights to the use of this track as per agreement of Aug. 16, 1888, between the Cincinnati, Hamilton and Dayton and the Chicago, Saint Louis and Pittsburgh Railroad Company.
The Belt Railroad Company of Chicago: 1.82 miles of main track and about 161 miles of side tracks located at Chicago, Ill. The expenses of the Belt Railroad Company, which include an amount equal to 6 per cent on $2,880,000 par value of capital stock, expenses of maintenance, operation, taxes, insurance, and rentals, are apportioned to various sections of its line on an agreed reproduction value basis, and those amounts are divided among companies using those sections, on a per car basis. 19,979.91
Pittsburgh, Chartiers & Youghiogheny Railway Company--
2.52 miles of railroad located between Carnegie and Lewis Run Junction, Pa. This track parallels a track owned by the Panhandle, which is locted on right of way of the former company and the two tracks are used by both companies as a double-track railroad, each company having equal operating privileges. The expense of maintenance and operation is divided between the users on a basis of car and engine mileage. The Panhandle pays as rental an amount equal to 4 per cent per annum on a valuation of $26,395 for the use of the land on which its tracks are located.
3.18 miles of railroad located between Lewis Run Junction and Duff Junction, Pa. This track parallels a track owned by the Ohio Connecting Railway, leased by the Panhandle and the two tracks are used by the Pittsburgh, Chartiers and Youghiogheny Railway Company and the Panhandle as a double-track railroad. The expense of maintenance and operation is divided between the users on a car and engine mileage basis.
In addition, the Panhandle uses jointly with their owners a large number of other facilities of minor importance consisting of interlockers, crossings, targets, passenger, freight, and water stations, interchange and other facilities.
Solely leased, but jointly used:
Leased from The Pennsylvania Railroad Company, used with that company--
0.8 mile of track and appurtenances, except M. B. interlocker, and also the Fourth Avenue passenger station of the Steubenville Extension of The Pennsylvania Railroad Company, located at Pittsburgh, Pa. The compensation for the use of the tracks is an amount equal to 4 per cent per annum on a valuation of $1,048,440, together with a proportion of the maintenance charges including taxes and insurance, divided on a wheelage basis. The compensation for the use of the Fourth Avenue station is an amount equal to 4 per cent per annum on a valuation of $52,292, together with a proportion of the expenses of maintenance and operation, including taxes and insurance divided on a basis of passenger trains of each company stopping at the station. 6,621.21
Leased from the Pittsburgh, Wheeling and Kentucky, used with The Baltimore and Ohio Rail Road Company--
4 miles of railroad, located between Wheeling and Benwood, W. Va., for the joint use of which the Baltimore and Ohio pays an annual rental equal to 3 per cent on a valuation of $363,242.59.
The charges for maintenance, renewals, and operation of the tracks are divided on a car and engine mileage basis, the charges for maintenance and operation of the passenger station and facilities are divided on a basis of the number of trains and engines using the stations, and the charges for the maintenance and operation of the freight station and facilities are divided on a basis of the cars and engines using the facilities. 10,489.80
Leased from the Little Miami Railroad--
Used with the Pennsylvania Company in its operation of The Cleveland, Akron and Cincinnati Railway Company: 27.57 miles of first main track and other main and side tracks, located between Morrow and Clare Streets. The Panhandle makes no charge against the Pennsylvania Company for the use of the tracks and that company makes no charges for equipment used in passenger service. The earnings from the passenger trains are divided equally. The Panhandle charges the Pennsylvania Company 45 cents per train-mile for freight trains operated between Morrow and Clare Streets.
Used with the Pennsylvania Company in its operation of The Cleveland, Akron and Cincinnati Railway Company, and with the Norfolk and Western Railway Company: 8.55 miles of main track, sidings, and engine-house facilities, located between Clare and Cincinnati, Ohio. The Panhandle does not charge the Pennsylvania Company for the use of its tracks in passenger service and the Pennsylvania Company does not charge the Panhandle for the use of its passenger equipment. The Panhandle charges the Pennsylvania Company 45 cents per train-mile for freight trains. The earnings of the Cleveland, Akron and Cincinnati passenger trains are divided equally with the Panhandle and the Pennsylvania Company. The Norfolk and Western Railway Company pays $7 per train for trains passing each way over these tracks. Engine-house expenses are prorated on the basis of the number of engines handled. The expense of passenger car repair force is prorated on the basis of cars cared for.
Used with the Louisville and Nashville Railroad Company, the Norfolk and Western Railway Company, and the Pennsylvania Company in its operation of The Cleveland, Akron and Cincinnati Railway Company: 0.32 mile of double main track, passenger station and certain side tracks, located at Cincinnati, Ohio. For the use of these facilities the Louisville and Nashville and the Norfolk and Western each pay an annual rental equal to 4 per cent per annum on a valuation of $679,637.85. The expense of maintenance, renewals, and operation, less the amount received from rent of office space and commissions, is prorated among the using companies on a basis of the number of cars handled. The expense of maintenance, renewals and operation of the station is divided on the basis that the number of trains of each company bears to the total number of trains. The Pennsylvania Company pays no station expense.
Used with the Louisville and Nashville Railroad Company: Certain land on which the freight house of the Louisville and Nashville at Cincinnati, Ohio, and certain tracks are located. The Louisville and Nashville pays an annual rental of $17,000 for the use of the ground for its freight house and for the use of tracks and pays one-third of the cost of maintenance and renewal of certain tracks.
Leased from the Dayton and Western--
Used with The Cincinnati, Hamilton and Dayton Railway Company, the Cleveland, Cincinnati, Chicago and St. Louis Railway Company, and the Erie Railroad Company: 1.27 miles of main track located at Dayton, Ohio, and extending from Third Street to Miami City Junction. The Dayton and Union uses this track from the station to Miami City Junction. The expense of maintenance, renewals, and operation is prorated on a wheelage basis. The Big Four pays an annual rental equal to 5 per cent on a valuation of $55,882.40. The Dayton and Union pays $2,000 per annum rental. A reciprocal arrangement exists between the Dayton and Western and the Cincinnati, Hamilton and Dayton for the use of this and other tracks. The Erie uses these tracks through an arrangement with the Cincinnati, Hamilton and Dayton.
Used with The Dayton and Union Railroad Company: 15.34 miles of double and passing tracks, together with stations, water stations, and appurtenances, located between Dayton and Dodson, Ohio. The Dayton Union pays an annual rental of $10,000 and 10 per cent of any revenues received in excess of $100,000 per annum. It also pays a proportion of certain salaries at Dodson.
Jointly owned and used: In Columbus, Ohio, the Pennsylvania Company in its operation of the Cleveland, Akron and Columbus Railway Company, and the Norfolk and Western Railway Company use 0.30 mile of track and facilities jointly owned by the Panhandle and the Baltimore and Ohio Rail Road Company. For the use of the facilities each of those companies pays a fixed monthly rental of $125, and a fixed maintenance charge of $25 per month.


Note 1:

The three lines 12, 17, and 21 contain at least 3 errors. According to the text of the report, there were 3 different dates of consolidation.
12 Columbus and Indianapolis Central Railway Company    Sept. 10, 1868 merged with 17
17 The Union and Logansport Railroad Company Sept. 10, 1867 merged with 12 and 21
21 Toledo, Logansport and Burlington Railway Company Sept. 11, 1867 merged with 12 and 17

Note that line 12 claims a consolidation with 17 only, the other two claim a three-way consolidation among 12, 17, and 21.

Burgess & Kennedy and Schotter (see bibliography on index page) both mention the Columbus, Chicago and Indiana Central, #10, but say nothing about earlier events in that branch of the "family tree".

Church (see bibliography) has three separate articles in Volume III;
Columbus and Indianapolis Central Railway Company    page 49
The Union and Logansport Railroad Company page 51
Toledo, Logansport and Burlington Railway Company page 61
Each of the three articles states that the subject company merged with the other two on September 11, 1867. I must conclude that the Valuation Report is in error.

Back to 12, 17, 21.


Original data source: Valuation Reports Vol. 24 pp 106-107, 128-136, 172-173, 175-185
Interstate Commerce Commission
Washington, DC
January 1929

Although published in 1929, the report is "...as of date of valuation" which was 30 June, 1916


HTML by Robert T. Netzlof 23 August 1999
HTML revised 23 Aug. 2001
Additional data added 13 Mar. 2002
Content revised 29 Apr. 2002
Content expanded and numerous typographical errors corrected 13 June 2002
Certain typographical errors corrected and content added 18 July 2002
Heading added to Corporate History table 15 July 2004
Typographical error corrected 20 January 2008
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