Wikipedia:WikiProject Trains/ICC valuations/Cleveland and Mahoning Valley Railway

Interstate Commerce Commission, Valuation Reports, Volume 33

The Cleveland and Mahoning Valley Railway

Location and General Description of Property

The railroad of The Cleveland and Mahoning Valley Railway Company, herein called the Cleveland and Mahoning Valley, is located entirely within the State of Ohio and extends from Hubbard, through Youngstown, to Cleveland, with branch lines from Girard to Hazleton and from Niles to Lisbon. This property, which aggregates 122.966 miles of road, with 77.009 miles of second main track, comprises that part of the principal main line extending from Hubbard to Leavittsburg, Ohio, via Youngstown.

Introductory

The Cleveland and Mahoning Valley is a corporation of the State of Ohio, having its principal office at Cleveland, Ohio. It is controlled by The Atlantic First Leased Lines Rental Trust, Ltd., of London, England, through ownership of a majority of its capital stock. On the other hand, the records do not indicate that this company controls any common-carrier corporation.

The property of the Cleveland and Mahoning Valley has been operated by other companies during its entire life. From the date it acquired its original road, August 14, 1872, until May 1, 1883, the property was operated by The New York, Pennsylvania and Ohio Railroad Company (consolidated company) and the predecessors of that company, and from the latter date until December 1, 1895, by the New York, Lake Erie and Western Railroad Company. From December 1, 1895, to December 31, 1917, it was operated by the Erie. The common-carrier property of the Cleveland and Mahoning Valley was taken over for operation by the United States Railroad Administration on January 1, 1918, as a part of the system of the Erie, and it is so operated on date of valuation.

Corporate History

The Cleveland and Mahoning Valley was incorporated August 14, 1872, under the general laws of Ohio, for the purpose of consolidating the property, rights and franchises of The Cleveland and Mahoning Railroad Company, Liberty and Vienna Railroad Company, and the Niles and New Lisbon Railway Company. The date of organization of the Cleveland and Mahoning Valley was not obtained.

Pursuant to the above purpose, the Cleveland and Mahoning Valley acquired at its organization the property, rights, and franchises of the three railroad corporations named. The Cleveland and Mahoning Valley itself and those corporations, together with their predecessors, total five different corporations and comprise the line of corporate succession culminating in the Cleveland and Mahoning Valley 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 Cleveland and Mahoning Valley Railway Company.	Under general laws of Ohio through articles of consolidation, dated July 25, 1872; filed Aug. 14, 1872.
2	The Cleveland and Mahoning Railroad Company.	Under Special act of Ohio, Feb. 22, 1848.	Consolidated Aug. 14, 1872, with 3 and 4 to form 1.
3	Liberty and Vienna Railroad Company.	Under general laws of Ohio, Dec. 7, 1868.	Consolidated Aug. 14, 1872, with 2 and 4 to form 1.
4	Niles and New Lisbon Railway Company.	Under general laws of Ohio, Apr. 24, 1869.	Consolidated Aug. 14, 1872, with 2 and 3 to form 1.
5	New Lisbon Railway Company.	Under general laws of Ohio, Jan. 15, 1864.	Sold at foreclosure July 19, 1869, to interest who conveyed the property to 4, Mar. 23, 1870.

Development of Fixed Physical Property

The owned mileage of the Cleveland and Mahoning Valley, amounting to 123.324 miles, was acquired partly by consolidation and partly by purchase. The property constructed by the four corporations that comprise the line of succession culminating in the Cleveland and Mahoning Valley as at present constituted, the years when the various portions of the line were constructed, and the manner in which this company 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.

		Mileage
Acquired in the consolidation of 1872:
From the Cleveland and Mahoning, constructed by that company—
Cleveland to Youngstown, Ohio, 1849 to 1856.	65.341
Youngstown to connection with Westerman Coal and Iron Railroad at the Ohio-Pennsylvania State line, 1865.	14.977
Youngstown to Hazelton, Ohio, 1861.	1.633
		81.951
From the Liberty and Vienna Railroad Company, constructed by that company—
Mosier to Coal Mines, Ohio, 1870.		7.000
From the Niles and New Lisbon Railway Company—
Constructed partly by the New Lisbon Railway Company and completed by the Niles and New Lisbon Railway Company—
Niles to 3 miles beyond Lisbon, Ohio, 1870.		35.504
Acquired by purchase:
From the Nypano Railroad, April 10, 1896—
Girard to Youngstown, Ohio.		7.005
Total.		131.460
Less mileage acquired from the Liberty and Vienna Railroad Company, abandoned.		6.720
Net total recorded mileage.		124.740
Difference between net total recorded mileage and mileage inventoried as of date of valuation.		1.774
Mileage inventoried as of date of valuation.		122.966

Leased Railway Property

The property of the Cleveland and Mahoning Valley is leased to the Nypano Railroad Company for a term of 999 years from March 9, 1917, which company subleases the property to the Erie. It was solely operated by the Erie from December 1, 1895, to December 31, 1917, under lease agreement. From January 1, 1918, to date of valuation the common-carrier property of the Cleveland and Mahoning Valley has been operated by the United States Railroad Administration as a part of the system of the Erie. Details with respect to the operation of this property are given in the chapter on leased railway property in the report on the Erie.

Predecessor Companies

The Cleveland and Mahoning Railroad

Introductory

The records do not indicate that The Cleveland and Mahoning Railroad Company was controlled by any individual or corporation at the date of its demise, August 14, 1872, nor, on the other hand, that it controlled any other common-carrier corporation. The property of this company was operated by its own organization from the date the first section of its road was placed in operation in August, 1856, to October 7, 1863. From that date to the date of demise the property was operated by The Atlantic and Great Western Railway Company under lease agreement.

The railroad owned by The Cleveland and Mahoning Railroad Company and operated by The Atlantic and Great Western Railway Company amounted to 81.951 miles of single-track, standard-gage, steam railroad, all in the State of Ohio. It consisted of one main line extending from Cleveland to Youngstown, Ohio, and two branch lines, one of which extended to a connection with the Westerman Coal and Iron Railroad at Ohio–Pennsylvania State line and the other to Hazelton, Ohio.

Development of Fixed Physical Property

The entire 81.951 miles of road owned by The Cleveland and Mahoning Railroad Company on the date of its demise had been acquired by construction. The records reviewed did not indicate whether the road was constructed under contract or by company forces. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Cleveland and Mahoning Valley.

Liberty and Vienna Railroad

The accounting records of the Liberty and Vienna Railroad Company were not obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from the books of the Cleveland and Mahoning Valley. The records reviewed did not indicate whether the Liberty and Vienna Railroad Company was controlled by any individual or corporation on August 14, 1872, the date of its demise, nor, on the other hand, whether it controlled any common-carrier corporation.

The property of the company was operated by its own organization from the date of acquirement thereof to the date of demise. The railroad owned by the Liberty and Vienna Railroad Company consisted of approximately 7 miles of single-track, steam railroad, extending from Mosier to Coal Mines, Ohio. The entire 7 miles of road had been acquired by construction. The records reviewed did not indicate whether the road was constructed under contract or by company forces. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Cleveland and Mahoning Valley.

Niles and New Lisbon Railway

Introductory

The records reviewed do not indicate that the Niles and New Lisbon Railway Company was controlled by any individual or corporation on August 14, 1872, the date of its demise, nor, on the other hand, that it controlled any common carrier corporation. The property of the company was operated by its own organization from the date the first section of its road was placed in operation, in April, 1869, to the date of demise. The Niles and New Lisbon Railway Company owned on the date of its demise 35.504 miles of railroad extending from Niles to 3 miles beyond Lisbon, all in the State of Ohio.

Development of Fixed Physical Property

The entire 35.504 miles of road owned by the Niles and New Lisbon Railway Company on date of demise had been acquired by completion of construction begun by the New Lisbon Railway Company. An unknown portion of this road was constructed on right of way and partially graded roadbed acquired from interests who had previously acquired it from the New Lisbon Railway Company. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Cleveland and Mahoning Valley.

New Lisbon Railway

The accounting records of the New Lisbon Railway Company were not obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. The records reviewed do not indicate that the New Lisbon Railway Company was controlled by any individual or corporation on July 19, 1869, the date of its demise, nor, on the other hand, whether it controlled any common-carrier corporation. This company owned on the date of its demise some right of way between Niles and New Lisbon, Ohio, on which an unknown amount of construction work had been done. The records reviewed do not indicate whether the work was performed by company forces or by contract.