Wikipedia:WikiProject Trains/ICC valuations/Apalachicola Northern Railroad

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The railroad of the Apalachicola Northern Railroad Company, herein called the carrier, is a single-track, standard-gauge, steam railroad, located in northwestern Florida. The main line extends southerly from River Junction to Port St. Joe, 95.627 miles, with a branch from Franklin to Apalachicola, 3.095 miles, totaling 98.722 miles of first main track. The carrier also owns 9.136 miles of yard tracks and sidings. Its road thus embraces 107.858 miles of all tracks owned and used.

The carrier has joint use of the terminal facilities and about 0.11 mile of main track at River Junction, owned by the Atlantic Coast Line Railroad Company. It operates the property of the Port St. Joe Dock and Terminal Railway Company, as agent for the owner, and also operates its passenger trains from River Junction, Fla., to Climax, Ga., about 30 miles, over tracks of and as agent for the Atlantic Coast Line. On the other hand, the carrier grants trackage rights over portions of its main line to lumber companies. Further information will be found in Appendix 2, under the caption Leased Railway Property.

CORPORATE HISTORY

The carrier was incorporated April 7, 1903, for a period of 99 years, under the general laws of the State of Florida, for the purpose of constructing and operating a railroad from Apalachicola, Fla., to River Junction, Fla., with any extensions thereto that the stockholders may desire to build, also to own and operate floating equipment. The date of organization was May 9, 1903.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the carrier, 98.722 miles, was all acquired by construction. The years when the various portions of the line [...]

River Junction to Apalachicola, Fla., Mar. 21, 1905, to Aug. 1, 1907 78.88

Franklin, Fla., to Port St. Joe, Fla., 1909, to May 1, 1910 20.64

99.52

Less mileage pertinent to the docks and facilities at Port St. Joe sold Jan. 1, 1913 .70

Total 98.82

Difference between total recorded mileage and mileage inventoried as of date of valuation .008

Mileage inventoried as of date of valuation [?]

In the construction of the road, the portion of the main line extending from River Junction to Franklin, and the branch line extending from the latter point to Apalachicola, were constructed partly under contract by the Morey Engineering and Construction Company and partly by forces of the carrier. The portion of the line extending from Franklin to Port St. Joe, also the docks and wharves at Port St. Joe, were constructed by the Morey-Faulhaber Construction Company. A member of that company, E. A. Faulhaber, was then a director of the carrier.

HISTORY OF CORPORATE FINANCING