Wikipedia:WikiProject Trains/ICC valuations/Connecticut and Passumpsic Rivers Railroad

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The railroad of The Connecticut and Passumpsic Rivers Railroad Company, herein referred to as the Connecticut and Passumpsic, is a single-track standard-gage steam railroad, lying wholly within the State of Vermont and extending from White River Junction north to the Vermont-Canada border at Beebe Junction, Province of Quebec, Canada, 109.605 miles. The Connecticut and Passumpsic also owns 52.006 miles of yard tracks and sidings, a total of 161.611 miles of all tracks. The Connecticut and Passumpsic has a leasehold interest in the property of the Massawippi Valley Railway Company. The road of this company, on which no report is made, extends from Beebe Junction to Lennoxville, Province of Quebec, Canada, a distance of about 31.95 miles, with a branch extending from Beebe Junction to Stanstead, Province of Quebec, about 3.51 miles. The property owned and leased by the Connecticut and Passumpsic is operated by the carrier as lessee through the Boston and Lowell.

Corporate history.—The Connecticut and Passumpsic was incorporated under a special act of Vermont of November 10, 1835, revived October 31, 1843, and amended November 5, 1845, for the purpose of constructing a railroad to extend from the southern boundary of Vermont to the northern boundary. Its principal office is at St. Johnsbury, Vt.

The Connecticut and Passumpsic owns all of the capital stock of the Massawippi Valley Railway Company and the Newport and Richford Railroad Company, the one a Canadian and the other a Vermont property, and, together with the Concord & Montreal, owns the greater part of the capital stock of the Lake Champlain & St. Lawrence Junction Railway, a Canadian company. The properties of the two companies last mentioned are leased to the Montreal and Atlantic Railway Company, a part of the Canadian Pacific Railway system.

Accounting records for the period prior to May 1, 1873, are not obtainable. For information as to this period recourse has therefore been had to such other sources of information as could be obtained, such as corporate records, sworn reports to the State of Vermont, and stockholders' reports.

Information as to the development of the fixed physical property is given in Appendix 2.

History of corporate financing.—


CONNECTICUT AND PASSUMPSIC
DEVELOPMENT OF FIXED PHYSICAL PROPERTY

All of the property owned by the Connecticut and Passumpsic was acquired by construction and opened for operation as follows:

White River Junction to Bradford, Vt., Oct. 10, 1848 29.31
Bradford to Welle River, Vt., Nov. 6, 1848 12.07
Wells River to St. Johnsbury, Vt., Dec. 1, 1850 20.21
St. Johnsbury to Barton, Vt., December, 1857 29.36
Barton to Newport, Vt., Oct. 5, 1863 14.22
Newport, Vt., to Vermont-Canada line, May 1, 1867 5.13
Total 110.30
Difference between the total recorded mileage and mileage inventoried as of date of valuation 0.0695[sic]
Mileage inventoried as of date of valuation 188.448[sic]
HISTORY OF CORPORATE FINANCING