Wikipedia:WikiProject Trains/ICC valuations/De Queen and Eastern Railroad

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The railroad of the De Queen & Eastern Railroad Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad extending in a general eastwardly direction from De Queen to Dierks, Ark., a distance of 27.026 miles. The carrier wholly owns and uses 33.430 miles of all tracks, which are classified in the trackage table in Appendix 2. The carrier is an industrial railroad. It reports that during the year 1918 it handled 43,000 tons of freight, of which 24,707 tons represented products of forests, most of which was received from the Dierks Lumber and Coal Company, which is controlled by Hans Dierks and other members of the Dierks family, who also control the railroad.

CORPORATE HISTORY

The carrier was incorporated September 22, 1900, under the general laws of the State of Arkansas, for the stated purpose of acquiring and operating a railroad from De Queen to Murfreesboro, Ark., a distance of about 40 miles.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the carrier, amounting to 27.026 miles, was all acquired by construction. The dates the various sections of the road were constructed are indicated below.

De Queen to milepost 5 1900-1901 5.000

Milepost 5 to Lockesburg 1902 7.000

Lockesburg to Provo 1903 7.000

Provo to Dierks 1906 8.000

Total 27.000

Difference between mileage inventoried as of date of valuation and total recorded mileage .026

Mileage inventoried as of date of valuation 27.026

The 19 miles of road between De Queen and Provo was constructed by the Dierks Lumber and Coal Company. The remainder of the mileage was constructed by the forces of the carrier. Besides the above, the carrier acquired various log-spur tracks which served the industries of the Dierks Lumber and Coal Company. These spur tracks which were often removed and relocated, were abandoned in 1909, and the rail and track fastenings therein were sold to the Dierks Lumber and Coal Company in 1916.

HISTORY OF CORPORATE FINANCING