About: Paper railroad

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In the United States, a paper railroad is a company in the railroad business that exists "on paper only": as a legal entity which does not own any track, locomotives, or rolling stock. In the early days of railroad construction, paper railroads had to exist by necessity while in the financing stage. It allowed incorporation of a company and the seeking of capital to build a proposed railroad. In the 1850s, speculation of stock of paper railroads became rampant, causing a bubble of their stocks. This led in large part to the Panic of 1857. Throughout the 19th and early 20th centuries, this specific connotation of the phrase "paper railroad" was consistent: a proposed, often speculative (and sometimes wildly speculative) venture in which a company stock exists, but no physical assets to run

Attributes	Values
rdf:type	company yago:WikicatNon-operatingCommonCarrierFreightRailroadsInTheUnitedStates yago:Abstraction100002137 yago:Business108061042 yago:Carrier108057633 yago:Enterprise108056231 yago:Group100031264 yago:Line103671473 yago:Organization108008335 yago:Railway104048568 yago:YagoLegalActor yago:YagoLegalActorGeo yago:YagoPermanentlyLocatedEntity yago:SocialGroup107950920
rdfs:label	Paper railroad (en)
rdfs:comment	In the United States, a paper railroad is a company in the railroad business that exists "on paper only": as a legal entity which does not own any track, locomotives, or rolling stock. In the early days of railroad construction, paper railroads had to exist by necessity while in the financing stage. It allowed incorporation of a company and the seeking of capital to build a proposed railroad. In the 1850s, speculation of stock of paper railroads became rampant, causing a bubble of their stocks. This led in large part to the Panic of 1857. Throughout the 19th and early 20th centuries, this specific connotation of the phrase "paper railroad" was consistent: a proposed, often speculative (and sometimes wildly speculative) venture in which a company stock exists, but no physical assets to run (en)
dcterms:subject	Non-operating common carrier freight railroads in the United States
Wikipage page ID	3206166 (xsd:integer)
Wikipage revision ID	1070083218 (xsd:integer)
Link from a Wikipage to another Wikipage	Rolling stock United States Locomotives Company Legal person Subsidiary Non-operating common carrier freight railroads in the United States Rail tracks Rail transport Operating subsidiary Panic of 1857
sameAs	Paper railroad Paper railroad Paper railroad Paper railroad
dbp:wikiPageUsesTemplate	dbt:Reflist dbt:Short_description dbt:US-rail-transport-stub
has abstract	In the United States, a paper railroad is a company in the railroad business that exists "on paper only": as a legal entity which does not own any track, locomotives, or rolling stock. In the early days of railroad construction, paper railroads had to exist by necessity while in the financing stage. It allowed incorporation of a company and the seeking of capital to build a proposed railroad. In the 1850s, speculation of stock of paper railroads became rampant, causing a bubble of their stocks. This led in large part to the Panic of 1857. Throughout the 19th and early 20th centuries, this specific connotation of the phrase "paper railroad" was consistent: a proposed, often speculative (and sometimes wildly speculative) venture in which a company stock exists, but no physical assets to run a railroad do. In many cases, these railroads still existed as corporate entities long after plans to build them had been scrapped. In the context of recent times, the phrase "paper railroad" is still used, but generally refers to railroads which are subsidiaries of larger parent railroads, or formerly existed and still have locomotives or rolling stock in the former railroad's livery. Reasons railroads are operated this way include those of internal corporate structure, tax ownership or locale, or for public relations purposes. If not actually operating, these railroads are "non-operating subsidiaries" of the parent railroad. (en)
gold:hypernym	Company
prov:wasDerivedFrom	wikipedia-en:Paper_railroad?oldid=1070083218&ns=0
page length (characters) of wiki page	2086 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Paper_railroad
is Link from a Wikipage to another Wikipage of	California and Nevada Railroad Santa Fe, Prescott and Phoenix Railway Non-operating subsidiaries Non-operating subsidiary Nonoperating subsidiary Bradshaw Mountain Railroad Denver and Rio Grande Western Railroad Path Valley Railroad Ridgefield Branch Rochester and State Line Railroad Grand Trunk Western Railroad California, Arizona and Santa Fe Railway Stony Brook Railroad Buffalo, Rochester and Pittsburgh Railway CSX Transportation Central of Georgia Railway Tidewater Southern Railway Tobin Bridge Jersey Shore, Pine Creek and State Line Railroad Larrys Creek Maroon Creek Bridge Illinois Central Railroad Oliver Ames (governor) Panic of 1857 Vancouver, Victoria and Eastern Railway Paper railway
is Wikipage redirect of	Non-operating subsidiaries Non-operating subsidiary Nonoperating subsidiary Paper railway
is foaf:primaryTopic of	wikipedia-en:Paper_railroad

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