Wikipedia:WikiProject Trains/ICC valuations/Kansas City, Clinton and Springfield Railway

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Location and general description of property.—The railroad of the Kansas City, Clinton and Springfield Railway Company, herein called the Kansas City, Clinton and Springfield, is a single-track, standard-gage, steam railroad, located in Missouri and Kansas. The owned mileage consists of a main line extending in a general northwesterly direction from Ash Grove, Mo., through Clinton, Mo., to Olathe, Kans., [?] miles. The Kansas City, Clinton and Springfield wholly owns and uses 173.320 miles of tracks, and owns but does not use 0.765 mile of tracks, and in addition jointly owns and uses 1.152 miles of tracks. These tracks, consisting of first main track and yard tracks and sidings, are classified in the trackage table in Appendix 1.


APPENDIX 2
KANSAS CITY, CLINTON AND SPRINGFIELD
INTRODUCTORY

The Kansas City, Clinton and Springfield is a corporation of the States of Missouri and Kansas, having its principal office at Kansas City, Mo. The records reviewed do not indicate that this company is controlled by any individual or corporation on date of valuation. Of the 17,754 shares of capital stock outstanding on date of valuation, 17,742 shares were recorded in the names of Roberts Walker and T. D. Heed. The property of this company has been operated by its own organization during its entire life.

For the period from the inception of the Kansas City, Clinton and Springfield Railroad Company to the date of valuation of the present company but one set of accounting records have been maintained for recording the finances, operations, aids, and investments of the two companies mentioned. Many transactions about the time of the consolidation of January 20, 1885, were so recorded in the accounts that it could not be definitely determined to which company they pertained. Therefore, all matters pertaining to the Kansas City, Clinton and Springfield Railroad Company have been included in the sections of this report pertaining to the Kansas City, Clinton and Springfield, its successor.

CORPORATE HISTORY

[details at http://tacnet.missouri.org/history/railroads/ch_kcfsm.html#KCC&S]

No. Name Incorporation Succession
1 Kansas City, Clinton and Springfield Railway Company. Under general laws of Missouri, Feb. 10, 1885; of Kansas, Feb. 12, 1885.
2 Kansas City, Clinton and Springfield Railroad Company. Under general laws of Missouri, Sept. 6, 1884. Consolidated with 3 to form 1, Jan. 20, 1885.
3 Pleasant Hill and De Soto Railroad Company. Under general laws of Kansas, Oct. 16, 1877. Consolidated with 2 to form 1, Jan. 20, 1885.
4 St. Louis, Lawrence and Western Railroad Company. See 5. Sold at foreclosure Feb. 23, 1877, to Franck Morrison, who, on Oct. 18, 1877, sold 44.82 miles to 3 and 16.[?] miles to Kansas City, Topeka and Western Railroad Company, a predecessor of the Atchison Topeka and Santa Fe Railway Company.
5 Saint Louis, Lawrence & Denver Railroad Company. Under laws of Kansas, date unknown. Name changed to 4, Feb. 26, 1874.
6 Lawrence and Carbondale Railroad Company. Under laws of Kansas, date unknown. Consolidated with 7 to form 5, Jan. 10, 1873.
7 Saint Louis, Lawrence & Denver Railroad Company. Under laws of Kansas, Nov. 14, 1870. Consolidated with 6 to form 5, Jan. 10, 1873.
8 Pleasant Hill and Lawrence Branch of the Pacific Railroad Company. Under general act of Missouri, date unknown. Consolidated with 9 to form 7, under agreement dated Nov. 10, 1870, filed Nov. 14, 1870.
9 Saint Louis, Lawrence and Denver Railroad Company. Under laws of Kansas, May 24, 1870. Consolidated with 8 to form 7, under agreement dated Nov. 10, 1870, filed Nov. 14, 1870.
10 Lawrence and Pleasant Hill Railway Company. Under laws of Missouri, June 7, 1869. Consolidated with 11 to form 9, under articles of consolidation dated Apr. 30, 1870, filed May 24, 1870.
11 Saint Louis, Lawrence and Denver Railroad Company. Under general laws of Kansas, July 20, 1865. Consolidated with 10 to form 9, under articles of consolidation dated Apr. 30, 1870, filed May 24, 1870.
DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the Kansas City, Clinton and Springfield, aggregating 155.181 miles, was acquired as detailed below. Of the ten corporations that comprise the line of succession culminating in the Kansas City, Clinton and Springfield as at present constituted, five corporations did not construct any road or other common-carrier property. These companies were:

  • St. Louis, Lawrence and Western Railroad Company.
  • Saint Louis, Lawrence & Denver Railroad Company. (Fourth corporation.)
  • Lawrence and Carbondale Railroad Company.
  • Pleasant Hill and Lawrence Branch of the Pacific Railroad Company.
  • Lawrence and Pleasant Hill Railway Company.

The extent of the construction completed, if any, by two corporations is not known. These companies were:

  • Saint Louis, Lawrence and Denver Railroad Company. (Second corporation.)
  • St. Louis, Lawrence and Denver Railroad Company. (First corporation.)

The property constructed by the remaining corporations, the years when the various portions of the line were constructed, and the manner in which the Kansas City, Clinton and Springfield acquired the property, are indicated in the following table.

Acquired in the consolidation of Jan. 20, 1885:
From the Pleasant Hill and De Soto Railroad Company, construction commenced by the St. Louis, Lawrence and Denver Railroad Company (first corporation) and completed by the Saint Louis, Lawrence & Denver Railroad Company (third corporation), Cedar Junction, Kans., to Pleasant Hill, Mo., completed about 1871 44.82
From the Kansas City, Clinton and Springfield Railroad Company, the exact mileage not indicated by the records reviewed
Acquired by purchase from the Kansas City, Fort Scott and Memphis Railroad Company, June 27, 1901, Arcadia, Kans., to Springfield, Mo. 85.00
Acquired by construction, the exact mileage not indicated by the records reviewed
The mileage constructed by the Kansas City, Clinton and Springfield Railroad Company and the Kansas City, Clinton and Springfield, Raymore Junction to Ash Grove, Mo., completed about April, 1886 129.70
Total 259.52
Less sales and abandonments:
Sold to the Kansas City, Fort Scott and Memphis Railway Company, Nov. 1, 1906 85.00
Abandonments—
Cedar Junction to Olathe, Kans., 1894 11.49
Raymore Junction to Pleasant Hill, Mo., 1916 7.80
19.29
Total 104.29
Net total of above items 155.23
Difference between total recorded mileage and mileage inventoried as of date of valuation, deduction .049
Mileage inventoried as of date of valuation 155.181

The Kansas City, Clinton and Springfield reconstructed and rehabilitated the road acquired from the Pleasant Hill and De Soto Railroad Company in the consolidation of January 20, 1885, with the exception of about 11.49 miles extending from Cedar Junction to Olathe, Kans., the tracks on this portion of the road being taken up in 1894. The company states that this 11.49 miles of road was not operated from 1885, when it was acquired, until 1894, when the tracks were taken up, and that the remainder of the property acquired from the Pleasant Hill and De Soto Railroad Company was not placed in full operation until April 1, 1886.

HISTORY OF CORPORATE FINANCING
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