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

Interstate Commerce Commission, Valuation Reports, Volume 110

New River, Holston and Western Railroad

Location and General Description of Property

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.

Introductory

The accounting records of the carrier prior to February 14, 1903, were incomplete. The information contained in this report was obtained from available accounting records. The carrier is a corporation of the State of Virginia, having its principal office at Roanoke, Va. The carrier is controlled by the Norfolk and Western Railway Company through ownership of all but seven shares of its capital stock. On the other hand, the carrier, itself, does not control any other common-carrier corporations. The property of the carrier has been operated by its own organization during its entire life.

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:

• Narrows to Penvir, 1900-1901, 6.67 miles.
• Penvir to Day, 1906-1907, 6.03 miles.
• Day to Rocky Gap, 1909-1910, 7.90 miles.
• Rocky Gap to Bastian, 1913-1914, 9.10 miles.
• Bastian to Suiter, 1913-1914, 4.89 miles.
• Plus, difference between recorded mileage and that inventoried by us, .021 miles.

Total, 34.611 miles.

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.