Wikipedia:WikiProject Trains/ICC valuations/Mahoning Coal Railroad

Interstate Commerce Commission, Valuation Reports, Volume 27

The Mahoning Coal Railroad

The railroad of The Mahoning Coal Railroad Company, herein called the Mahoning Coal Railroad, is located within the State of Ohio and extends from Andover to Youngstown, a distance of 38.169 miles, with a double-track branch line projecting from Mann to Brookfield. The railroad embraces 62.653 miles of road, with 35.424 miles of second and 8.826 miles of third main tracks.

Introductory

The Mahoning Coal Railroad is a corporation of the State of Ohio, having its principal office at Cleveland, Ohio. It is controlled by the New York Central through ownership of a majority of the capital stock. On the other hand, the Mahoning Coal Railroad controls, through ownership of the entire capital stock of each, the Mahoning and Shenango Valley, the Shenango Valley Railroad and the Stewart Railroad, whose several common-carrier properties it leases. It controls jointly, with The Pittsburgh and Lake Erie Railroad Company, through equal ownership of its capital stock, The Lake Erie and Eastern Railroad Company, which operates its own property. The property of the Mahoning Coal Railroad, together with the property that it leases, has been operated by The Lake Shore and Michigan Southern Railway Company and its successor, the New York Central, during its entire life.

Corporate History

The Mahoning Coal Railroad was incorporated February 25, 1871, under the general laws of the State of Ohio, for the purpose of constructing and operating a railroad from Youngstown to Andover, Ohio. The date of organization of the Mahoning Coal Railroad has not been ascertainable from the records reviewed.

Development of Fixed Physical Property

The owned mileage of the Mahoning Coal Railroad, 62.653 miles, was all acquired by construction. The main line, extending from Youngstown to Andover, Ohio, and its branch line, projecting from Mann to Brookfield, Ohio, were completed and opened for operation June 1, 1873, and September 2, 1903, respectively. It is not known whether the construction work was performed by the company's forces or by contract. There is a difference of 0.027 mile between the mileage recorded by this company, 62.680 miles, and the mileage, 62.653 miles, inventoried as of date of valuation.

Leased Railway Property

The entire property of the Mahoning Coal Railroad, together with the property of others that it leases, is leased to the New York Central. The terms of the lease and the rental accrued for the year ending on date of valuation are in the chapter on leased railway property in the report on the New York Central.