The GSB&C was capitalised at $7 000 000. Its assets, comprising the line, rolling stock and equipment, were sold for $75 000. This was an "upset price", meaning that it was the minimum acceptable according to a true valuation. Since the company was a statutory public service, for the next 24 days a shuttle was run from La Porte to Goodrum. After the required legal formalities, service on the "Air Line" railway ceased on 3 November 1917, and the tracks and bridges east of Goodrum were recovered for scrap.