Wikipedia:WikiProject Trains/ICC valuations/Ashley, Drew and Northern Railway
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The railroad of the Ashley, Drew & Northern Railway Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad located in southeastern Arkansas. The line extends from Crossett to Monticello, Ark., a distance of 41.154 miles. The carrier also owns 8.436 miles of yard tracks and sidings. Its road thus embraces 49.690 miles of all tracks owned. The entire railroad property is leased, on date of valuation, to The Arkansas & Louisiana Midland Railway Company.
The property of the carrier was operated by its own organization from September 25, 1912, to December 1, 1914. From the latter date to December 1, 1915, it was operated by the Arkansas, Louisiana & Gulf Railway Company. From December 1, 1915, to date of valuation it has been operated by The Arkansas & Louisiana Midland Railway Company.
- CORPORATE HISTORY
The carrier was incorporated August 8, 1912, under the general laws of the State of Arkansas, for the purpose of acquiring and constructing a railroad from Cremer to Monticello, via Crossett, Ark. Pursuant to the above [...]
| No. | Name | Incorporation | Succession |
|---|---|---|---|
| 1. | Ashley, Drew & Northern Railway Company. | Under general laws of Arkansas, Aug. 8, 1912. | |
| 2. | Crossett, Monticello & Northern Railway Company. | Under general laws of Arkansas, Apr. 10, 1912. | Sold to 1 on Aug. 23, 1912. |
| 3. | Crossett Railway Company. | Under general laws of Arkansas, May 22, 1905. | Sold to 2 on May 1, 1912. |
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The owned mileage of the carrier amounting to 41.154 miles, was acquired in part by purchase and in part by construction, as follows:
- Acquired by purchase from the Crossett, Monticello & Northern Railway Company, Aug. 23, 1912:
- Constructed by the Crossett Lumber Company, Crossett to Stephens, Ark., 1902-1904, 10 miles
- Constructed by the Crossett Railway Company for the Crossett Lumber Company, Stephens to 4 miles north of Stephens, Ark., 1909, 4 miles
- Constructed by the Crossett Lumber Company, from 4 miles north of Stephens, to Fountain Hill, Ark., 1909-1910, 4 miles
- 18.000
- Acquired by construction, Fountain Hill, to Monticello, Ark., 1912-1914 22.700
- Total 40.700
- Difference between total recorded mileage and mileage inventoried as of date of valuation .454
- Mileage inventoried as of date of valuation 41.154
The construction of the line from Fountain Hill to Monticello, Ark., was done under contract with the Ashley Construction Company, an affiliated construction company.
- HISTORY OF CORPORATE FINANCING