Wikipedia:WikiProject Trains/ICC valuations/Arizona and New Mexico Railway

Interstate Commerce Commission, Valuation Reports, Volume 45

Location and General Description of Property
The railroad of The Arizona and New Mexico Railway Company, herein called the Arizona and New Mexico, is a single-track, standard-gage, steam railroad, located in the States of Arizona and New Mexico. Its lines extend from Hachita, N. Mex., northwesterly to Clifton, Ariz., 108.364 miles, and from Lordsburg and Hachita Junction, N.Mex., to Lordsburg, N. Mex., 0.982 mile. The owned mileage is distributed as follows: New Mexico, 67.315 miles of main track, 13.614 miles of yard tracks and sidings, and 80.929 miles of all tracks; Arizona, 42.031 miles of main track, 13.483 miles of yard tracks and sidings, and 55.514 miles of all tracks, or a total of 109.346 miles of main track, 27.097 miles of yard tracks and sidings, and 136.443 miles of all tracks.

Corporate History
The following chart shows the names of the corporations, the respective dates of incorporation, and for each predecessor the date of succession, the immediately succeeding corporation, and the manner of succession.

Development of Fixed Physical Property
The recorded mileage of the Arizona and New Mexico amounts to 109.3, of which 108.3 miles were acquired by consolidation and 2.3 miles by construction, plus 1.2 miles account of remeasurements and reclassification, less 2.5 miles abandoned. The inventoried mileage is 109.346 miles. Of the 108.3 miles acquired by consolidation, 69.8 miles were acquired from The Arizona and New Mexico Railway Company of 1883 and 38.5 miles from the Lordsburg and Hachita Railroad Company. The grading of the road constructed by the Arizona and New Mexico was done under contract, the remainder of the work being done by the forces of the Arizona and New Mexico. The gage of the railroad of the Arizona and New Mexico Railway Company of 1883 was changed from narrow to standard during the period from August 1899 to September 1902. Further details as to construction are given in the accounting report.

Leased Railway Property
The Arizona Copper Company, Limited, uses jointly with the Arizona and New Mexico about 2.06 miles of the latter's main track between Clifton and Smelter, Ariz., and certain yard tracks at Clifton. All of these tracks have been equipped with a third rail for operation of narrow-gage equipment. The rental received is $1,200 per annum.

The Arizona and New Mexico's station facilities at Hachita, N.Mex., are used jointly by the El Paso & Southwestern Railroad Company. The rental is 3 percent on a valuation of $10,000, or $300 per annum.

Certain yard tracks of the Arizona and New Mexico at Lordsburg, N.Mex., are used jointly by the Southern Pacific Company, which pays 3 percent per annum on an agreed valuation, or for the year ended on date of valuation, $216.36.

The Arizona and New Mexico uses jointly station facilities and certain yard tracks at Lordsburg, N.Mex., owned by the Southern Pacific Railroad Company and operated by its lessee, the Southern Pacific Company. The rental in the case of the station facilities is 3 percent of 45 percent of an agreed valuation, and in the case of the tracks, 3 percent on an agreed valuation. The rental for the year ended on date of valuation was recorded as $164.88.

The Arizona and New Mexico solely uses as a pattern shop a brick building at Clifton, Ariz., owned by the Arizona Copper Company, Limited. The period and terms of use have not been ascertained.

The Arizona and New Mexico Railway Company of 1883
Corporate History This company was incorporated on August 1, 1883, for a period of 50 years, under the general laws of what were at that time the territories of Arizona and New Mexico, as a consolidation of the Clifton and Southern Pacific Railway Company and the Clifton and Lordshurg Railroad Company. The company and the Lordsburg and Hachita Railroad Company consolidated on June 30, 1911, to form the Arizona and New Mexico.

Development of Fixed Physical Property

The company owned approximately 69.8 miles of road at date of its demise, constructed in part by it and in part by others, as follows: Guthrie, Ariz., to the Arizona-New Mexico State line, 29 miles, partly constructed by the Clifton and Southern Pacific Railway Company; the Arizona-New Mexico State line to Lordsburg, N.Mex., 29 miles, partly constructed by the Clifton and Lordsburg Railroad Company; by construction, Guthrie, Ariz., to Clifton, Ariz., 13 miles, between August 1883 and May 1, 1884; total, 71 miles, less various retirements in connection with the standardization of gage in June 1901, 1.2 miles, making a total recorded mileage owned at date of demise of 69.8 miles.

In the construction of the property of the Arizona and New Mexico of 1883, F. L. Underwood, its principal stockholder and first president, was employed as contractor. The work of changing the gage of the railroad was commenced in August 1899 and completed in September 1902. In addition to its owned mileage, the Arizona and New Mexico Railway Company of 1883 operated under lease the property of the Lordsburg and Hachita Railroad Company from the date of its completion, October 1, 1902, to the date of consolidation.

Leased Railway Property

The company leased for exclusive operation the property of the Lordsburg and Hachita Railroad Company, at an annual rental of $50,000.

Clifton and Southern Pacific Railway Company
Corporate History

This company was incorporated on January 8, 1883, under the general laws of what was at that time the Territory of Arizona, for the purpose of constructing a railroad from Clifton, Ariz., in a southeasterly direction to a point on the eastern boundary of Arizona, about 42 miles. This road and the projected railroad of the Clifton and Lordsburg Railway Company, a New Mexico corporation, were to form a through line from Clifton, Ariz., to Lordsburg, N.Mex. a point on the main line of the Southern Pacific Railroad Company. Incorporation was in the interest of Arizona Copper Company, Limited, whose mines and reduction works were in the vicinity of Clifton, Ariz. The company consolidated with the Clifton and Lordsburg, effective August 1, 1883, to form the Arizona and New Mexico Railway Company of 1883.

Development of Fixed Physical Property

The company at its demise had partially completed the construction of about 29 miles of narrow-gage railroad, extending from Guthrie, Ariz., to a point of connection with the railroad of the Clifton and Lordsburg Railway Company on the eastern boundary of Arizona. Construction was performed under contract by F. L. Underwood, one of the principal subscribers to the capital stock of the company, who also was connected with Arizona Copper Company, Limited.

Clifton and Lordsburg Railway Company
Corporate History

This company was incorporated on February 17, 1883, under the general laws of what was at that time the Territory of New Mexico, for the purpose of constructing a railroad from Lordsburg, N.Mex., in a northwesterly direction to a point on the western boundary of the State of New Mexico, about 29 miles. This road and the projected railroad of the Clifton and Southern Pacific Railway Company, an Arizona corporation, were to form a through line from Lordsburg, N.Mex., a point on the main line of the Southern Pacific Railroad Company, to Clifton, Ariz. Incorporation was in the interest of Arizona Copper Company, Limited, whose mines and reduction works were in the vicinity of Clifton, Ariz.

This company consolidated with the Clifton and Southern Pacific Railway Company, effective August 1, 1883, to form the Arizona and New Mexico Railway Company of 1883.

Development of Fixed Physical Property

The company at its demise had partially completed the construction of the aforementioned 29 miles of narrow-gage road. Construction was performed under contract by F. L. Underwood, one of the incorporators of the company and the principal subscriber to its capital stock, who also was connected with Arizona Copper Company, Limited.

Lordsburg and Hachita Railroad Company
Corporate History

This company was incorporated on August 8, 1901, under the general laws of what was at that time the Territory of New Mexico, for the purpose of constructing a railroad from Lordsburg to Hachita, N.Mex., at which point it was to connect with the railroad of El Paso & Southwestern Railroad Company. The railroad of the Lordsburg and Hachita Railway Company and that of the Arizona and New Mexico Railway Company of 1883, then operating between Clifton, Ariz., and Lordsburg, N.Mex., were to provide a through line from Clifton, Ariz., to Hachita, N.Mex., and thereby furnish a shorter route from the reduction works of Arizona Copper Company, Limited, at Clifton to the various reduction works at Douglas, Ariz. This company consolidated with the Arizona and New Mexico Railway Company of 1883, effective July 1, 1911, to form the Arizona and New Mexico.

Development of Fixed Physical Property

At its demise the company owned a single-track, standard-gage, steam railroad, extending from Lordsburg to Hachita, N.Mex., a distance of 38.5 miles. Construction of this road was commenced in October 1901 and completed on October 1, 1902. The work of construction, with the exception of the construction of station buildings and certain minor structures, was performed by contractor who, from the records reviewed, appears not to have been affiliated with the company.

Leased Railway Property

The property of the company was operated by the Arizona and New Mexico Railway Company of 1883 from date of completion to the date of demise, under verbal agreement, renewed annually, at an annual rental of $50,000.