Hocking Valley Railway: Interstate Commerce Commission ...

This pamphlet reproduces the summary report prepared by the Interstate Commerce Commission in 1917 giving a history and data on the Hocking Valley Railway. The HV was merged with the C&O in 1930 and became the Hocking Division of the C&O.
Congress mandated a valuation of all American railroads in 1913 with the aim of fixing a value to their physical plants and rolling stock / motive power, so as to ensure that rate setting was fair and that the railroads were receiving adequate compensation for their capital expenditures, and at the same time to ensure that exorbitant rates were not being charged. This was the age in which railroads were essentially monopolies of transportation. The valuation for C&O was made in 1917.