Wikipedia:WikiProject Trains/ICC valuations/Carolina and Northwestern Railway

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The railroad of the Carolina and Northwestern Railway Company, herein called the Carolina and Northwestern, is a single-track, standard-gage, steam railroad, located in South Carolina and North Carolina. The main line consists of two disconnected sections, one extending northerly from Chester, S. C., to Newton, N. C., and the other extending northwesterly from Hickory to Edgemont, N. C. Trackage rights over the road of the Southern Railway Company from Newton to Hickory, N. C., a distance of 9.2 miles, afford a connecting link between the two sections of owned main line.

The Carolina and Northwestern owns and uses 124.270 miles of main track and 24.260 miles of yard tracks and sidings. Its road thus embraces 148.530 miles of all tracks wholly owned and used, classified by States in the trackage table in Appendix 1. In addition, the company jointly owns and uses with the Southern Railway Company 0.040 undivided mile of sidings at York, S. C.

CORPORATE HISTORY

The Carolina and Northwestern was incorporated by special acts of the States of North Carolina and South Carolina, March 11, 1895, and February 17, 1900, respectively, for the purpose of acquiring the property, rights, and franchises of The Chester and Lenoir Narrow-gauge Railroad Company and extending this railroad to a point on the North Carolina-Tennessee State line in Watauga County, N. C. The charter was amended by a special act of North Carolina, February 20, 1901.

Pursuant to the above purpose, the Carolina and Northwestern acquired the property, rights, and franchises of that company. It also acquired by purchase the property, rights, and franchises of the Caldwell and Northern Railroad Company. The Carolina and Northwestern, itself, and those corporations, together with their predecessors, total five different corporations, of which one underwent a change of name, and comprise the line of corporate succession culminating in the Carolina and Northwestern as at present constituted.

The following chart [...]

No.	Name	Incorporation	Succession
1	Carolina and Northwestern Railway Company.	Under special acts of North Carolina and South Carolina, Mar. 11, 1895, and Feb. 17, 1900, respectively.
2	The Chester and Lenoir Narrow-gauge Railroad Company.	Under special act of South Carolina Feb. 26, 1873.	Sold to 1 at foreclosure, Feb. 8, 1897, after receivership begun Dec. 1, 1893.
3	Carolina Narrow-gauge Railroad Company.	Under special act of North Carolina, Feb. 8, 1872.	Acquired by 2, May 14, 1873, by a so-called consolidation authorized by special acts of North Carolina and South Carolina, Jan. 22, 1873, and Feb. 26, 1873, respectively.
4	The Kings Mountain Railroad Company.	Under special act of South Carolina, Dec. 19, 1848.	Acquired by 2, Apr. 3, 1874, under so-called consolidation agreement of that date and authorized by special act of North Carolina, Feb. 26, 1873.
5	Caldwell and Northern Railroad Company.	See 6.	Sold to 1, July 1, 1910.
6	Lower Creek and Linville Valley Transportation Company.	Under special act of North Carolina, Mar. 9, 1891.	Name changed to 5 on Feb. 25, 1893.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the Carolina and Northwestern, amounting to 124.270 miles, was acquired partly by purchase after foreclosure and partly by direct purchase. [...]

Acquired by purchase after foreclosure from The Chester and Lenoir Narrow-gauge Railroad Company, Feb. 8, 1897: Constructed by that company—

North Carolina-South Carolina State line to Lincolnton, N. C., years not ascertained, opened for operation during 1880, about 26.0

Lincolnton to Newton, N. C., years not ascertained, opened for operation June 2, 1884, about 17.0

Hickory to Lenoir, N. C., years not ascertained, opened for operation June 2, 1884, about 19.8