Wikipedia:WikiProject Trains/ICC valuations/New River, Holston and Western Railroad

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The railroad of the New River, Holston and Western Railroad Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad, located in the western part of Virginia. The owned mileage extends southwesterly from Narrows to Suiter, Va., a distance of 34.611 miles. The carrier also owns and uses 1.973 miles of yard tracks and sidings. Its road thus embraces 36.584 miles of all tracks.

CORPORATE HISTORY

The carrier was incorporated by act of Virginia, approved January 15, 1900.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the carrier, amounting to 34.611 miles, was all acquired by construction, and opened for operation in sections, as follows:

Termini Period of construction Recorded mileage

Narrows to Penvir 1900-1901 6.67

Penvir to Day 1906-1907 6.03

Day to Rocky Gap 1909-1910 7.90

Rocky Gap to Bastian 1913-1914 9.10

Bastian to Suiter 1913-1914 4.89

Total recorded mileage 34.59

Difference between recorded mileage and that inventoried by us .021

34.611

In addition to the mileage operated, the carrier located and surveyed 6.20 miles of road up Hunting Camp Creek and Suiter, but construction had not begun at date of valuation.

HISTORY OF CORPORATE FINANCING