Wikipedia:WikiProject Trains/ICC valuations/Fairmont, Morgantown and Pittsburg Railroad
Interstate Commerce Commission, Valuation Reports, Volume 42
Fairmont, Morgantown and Pittsburg Railroad
editLocation and General Description of Property
editThe railroad of the Fairmont, Morgantown and Pittsburg Railroad Company, hereinafter called the Fairmont, Morgantown and Pittsburg, is a single-track line, located in the States of Pennsylvania and West Virginia and extends from Uniontown, Pa., to F. M. & P. Junction (Fairmont), W. Va., a distance of about 56 miles, with branches projecting from Smithfield to Leckrone, Collier and Bowwood Mine, Pa., Palatine Junction to Gaston Junction, W. Va., and from Hickman Run Junction to East Park Avenue, Fairmont, W. Va. The entire property aggregates 73.847 miles of road.
Introductory
editThe Fairmont, Morgantown and Pittsburg is a corporation of Pennsylvania and West Virginia, having its principal office at Philadelphia, Pa. It is controlled by the Baltimore and Ohio through the ownership of capital stock. The records reviewed do not indicate that this company, itself, controls any common-carrier corporation. The property of the Fairmont, Morgantown and Pittsburg was operated by the Baltimore and Ohio from date of consolidation to December 31, 1917. Since January 1, 1918, it has been operated by the United States Railroad Administration as part of the Baltimore and Ohio System.
Corporate History
editThe Fairmont, Morgantown and Pittsburg was incorporated March 4, 1915, under the general laws of Pennsylvania and March 11, 1915, under the general laws of West Virginia for the purpose of acquiring the property, rights, and franchises of the Fairmont, Morgantown and Pittsburgh Railroad Company and the Smithfield and Masontown Railroad Company. The Fairmont, Morgantown and Pittsburg acquired at its organization the property, rights, and franchises of the two corporations named. The Fairmont, Morgantown and Pittsburg, itself, and those corporations, together with their predecessors, total nine corporations, of which one underwent a change of name, and comprise the line of corporate succession culminating in the Fairmont, Morgantown and Pittsburg as at present constituted. The respective dates of incorporation and for each predecessor the date of succession, the immediately succeeding corporation, and the manner of succession, follow.
| No. | Name | Incorporation | Succession |
|---|---|---|---|
| 1. | Fairmont, Morgantown and Pittsburg Railroad Company. | Incorporated under general laws of Pennsylvania, March 4, 1915, and West Virginia, March 11, 1915. | |
| 2. | Smithfield and Masontown Railroad Company. | General laws of Pennsylvania, July 18, 1899. | Consolidated February 16, 1915, with 3 to form 1. |
| 3. | Fairmont, Morgantown and Pittsburgh Railroad Company. | General laws of West Virginia, August 8, 1893, and Pennsylvania, August 10, 1893. | Consolidated February 16, 1915, with 2 to form 1. |
| 4. | The Cheat Haven Railroad Company. | General laws of Pennsylvania, July 8, 1902. | Sold to 3, June 15, 1907. |
| 5. | Cheat River Railroad Company. | General laws of Pennsylvania, January 28, 1896. | Sold to 3, June 15, 1907. |
| 6. | The State Line Railroad Company. | General laws of Pennsylvania, April 11, 1884. | Consolidated August 10, 1893, with 7 to form 3. |
| 7. | The Fairmont, Morgantown and Pittsburgh Railroad Company. | General laws of West Virginia, December 10, 1883. | Consolidated August 10, 1893, with 6 to form 3. |
| 8. | West Virginia Midland Railway Company. | See No. 9. | Sold a portion of its proposed road to 7, March 13, 1884. |
| 9. | Iron Valley and Morgantown Railroad Company. | General laws of West Virginia, March 25, 1881. | Name changed to 8 on September 6, 1883. |
Development of Fixed Physical Property
editThe recorded mileage of the Fairmont, Morgantown and Pittsburg, amounting to 73.84 miles, was all acquired by consolidation, 13.49 miles from the Smithfield and Masontown Railroad Company and 60.11 miles from the Fairmont, Morgantown and Pittsburgh Railroad Company, the mileage thus acquired being increased 0.24 mile due to reclassification and remeasurements. The inventoried mileage is 73.847.
The Fairmont, Morgantown and Pittsburg and its predecessors total eight corporations, three of which, The Cheat Haven Railroad Company, Cheat River Railroad Company, and the West Virginia Midland Railway Company, did not construct any common-carrier property.
Details with respect to the construction of the property are given in the accounting report.
Leased Railway Property
editThe entire property is leased to the Baltimore and Ohio as stated in the report on that company.
Predecessor Companies
editSmithfield and Masontown Railroad
editIntroductory
This company was incorporated July 16, 1899, under the general laws of Pennsylvania. It was controlled on February 16, 1915, the date of consolidation, by the Baltimore and Ohio through the ownership of its capital stock. The records do not indicate that this company then controlled any common-carrier corporation.
The property was operated from the date of completion in April 1900 to date of consolidation by the Baltimore and Ohio. The railroad owned on date of consolidation was a single-track, standard-gage, steam railroad in Pennsylvania and aggregated 13.49 miles. It consisted of a main line from Smithfield to Lackrone and branch lines from York Run Junction to Collier and from Croziers Run Junction to Woodside, all of which had been acquired by construction. Details are given in the accounting report on the Baltimore and Ohio.
Leased Railway Property
The entire property was operated from date of completion in April 1900 to date of consolidation by the Baltimore and Ohio by virtue of its control through stock ownership.
Fairmont, Morgantown and Pittsburgh Railroad
editIntroductory
This company was incorporated August 8, 1893, under the general laws of West Virginia, and on August 10, 1893, under the general laws of Pennsylvania. It was controlled on February 16, 1915, the date of consolidation, by the Baltimore and Ohio through ownership of its capital stock. The records reviewed do not indicate that this company then controlled any common-carrier corporation.
The property was operated from date of formation, August 10, 1893, to date of consolidation by the Baltimore and Ohio. The railroad owned on date of consolidation was a single-track, standard-gage, steam railroad located partly in Pennsylvania and partly in West Virginia, and aggregated 60.11 miles. Its main line extended from Uniontown, Pa., to Fairmont, W.Va., and its branch line extended from Hoult to Fairmont, W.Va., and from Hickman Run Junction, W.Va., to end of line.
Development of Fixed Physical Property
Of the 60.11 miles of road owned on date of consolidation, it had acquired 0.81 mile from the Monongahela Industrial Company; 11.28 miles from The State Line Railroad Company; 25.08 miles from The Fairmont, Morgantown and Pittsburgh Railroad Company and 26.61 miles by construction. Details are given in the accounting report on the Fairmont, Morgantown and Pittsburg.
Leased Railway Property
The entire property of the company was operated by the Baltimore and Ohio by virtue of control through ownership of its entire capital stock.
The Cheat Haven Railroad Company and Cheat River Railroad Company
editThe Cheat River Railroad Company and The Cheat Haven Railroad Company were incorporated January 28, 1896, and July 8, 1902, respectively, under the general laws of Pennsylvania. Their accounting records were not obtained. The information given below has been taken from the records of the Baltimore and Ohio and other documents on file.
The companies were controlled on dates of sale by the Baltimore and Ohio through the ownership of their entire capital stock. The records reviewed do not indicate that either of them then controlled any common-carrier corporation.
The Cheat Haven Railroad Company proposed to construct a line of railroad from Point Marion, Pa., to the West Virginia State line, about 0.80 mile. It acquired certain right-of-way lands but did not construct any railroad or other common-carrier property. On June 15, 1907, its property, rights, and franchises were sold to and merged with those of the Fairmont, Morgantown and Pittsburgh Railroad Company.
The State Line Railroad
editThis company was incorporated April 11, 1884, under the general laws of Pennsylvania. Its accounting records were not obtained. The information given below has been taken from the records of the Baltimore and Ohio and the Fairmont, Morgantown and Pittsburgh Railroad Company and from other documents on file.
The State Line Railroad Company was controlled on August 10, 1893, date of consolidation, by the Baltimore and Ohio through the ownership of its entire capital stock. The records reviewed do not indicate that this company then controlled any common-carrier corporation.
The Fairmont, Morgantown and Pittsburgh Railroad
editThis company was incorporated December 10, 1883, under the general laws of West Virginia. Its accounting records have not been obtained. The information given below has been taken from the records of the Baltimore and Ohio and the Fairmont, Morgantown and Pittsburgh Railroad Company and from other documents on file.
The company was controlled on August 10, 1893, the date of consolidation, by the Baltimore and Ohio through ownership of its entire capital stock. The records reviewed do not indicate that this company then controlled any common-carrier corporation.
West Virginia Midland Railway Company, Formerly Named Iron Valley and Morgantown Rail-Road
editThis company was incorporated March 25, 1881, as the Iron Valley and Morgantown Rail-Road company under the general laws of West Virginia. Its accounting records were not obtained. The information given below has been taken from the records of the Baltimore and Ohio and from other documents on file.
The records reviewed do not indicate whether the company was controlled on March 13, 1884, by any individual or corporation, or whether it then controlled any common-carrier corporation.
The company proposed to construct a railroad from Hardman, W.Va., to the Pennsylvania State line, about 40 miles. On March 13, 1884, it sold to The Fairmont, Morgantown and Pittsburgh Railroad Company that part of its proposed road which was located between Morgantown, W.Va., and the Pennsylvania State line, about 10 miles, and for which certain right-of-way lands had been acquired.