Wikipedia:WikiProject Trains/ICC valuations/Atchison, Topeka and Santa Fe Railway

Interstate Commerce Commission, Valuation Reports, Volume 127

Location and General Description of Property
The railroad operated by The Atchison, Topeka and Santa Fe Railway Company, herein called the Santa Fe, is a standard-gauge steam railroad, located in Illinois, Iowa, Missouri, Kansas, Nebraska, Oklahoma, Colorado, New Mexico, Arizona, Nevada, and California. The owned railroad consists of a principal main line extending in a general westerly direction from Chicago, Ill., through Kansas City, Mo., La Junta, Colo., Albuquerque, N. Mex., to Beal, Calif.; from Barstow, Calif., to San Diego and Los Angeles, Calif.; and from Kern Junction, Calif., to Ferry Point, Calif., with other important main lines and branches in Kansas, Oklahoma, Colorado, New Mexico, Arizona, and California. The lines used under lease include a principal main line connecting the Santa Fe's owned road between Beal and Barstow, Calif., and extending from Barstow on its San Francisco line to Mojave, with certain branch lines in California, Nevada, Arizona, New Mexico, Oklahoma, Kansas, and Nebraska. The principal cities served by the Santa Fe are Chicago, Joliet, and Pekin, Ill.; Kansas City, St. Joseph, and Joplin, Mo.; Atchison, Topeka, and Wichita, Kans.; Superior, Nebr.; Colorado Springs, Denver, and Pueblo, Colo.; Albuquerque, N. Mex.; Phoenix, Ariz.; Los Angeles, Oakland, San Diego, and San Francisco, Calif.; Oklahoma City, Purcell, and Tulsa, Okla.

The Santa Fe wholly owns and uses 7,142.201 miles of road, and wholly owns but does not use 10.188 miles of road. It also wholly uses 1,386.153 miles of road owned by other companies, of which 4.103 miles are owned by the St. Louis, Rocky Mountain and Pacific Company (a coal company), 1.269 miles are owned by the Chicago and North Western Railway Company, and 0.322 mile is owned by The Kansas City, Fort Scott and Memphis Railway Company. The remaining road, owned by lessors of the Santa Fe, is described in the paragraphs below.

Introductory
The Santa Fe is a corporation of the State of Kansas, having its principal office at Topeka, Kans., and general administrative office at Chicago, Ill. The records reviewed do not indicate that it is controlled by any individual, association, or corporation. On the other hand, the company controls directly or indirectly other companies as indicated below. This company directly controls, through ownership of capital stock to the extent shown (directors' qualifying shares included), the following companies, whose common-carrier properties are operated by the companies named:

The Santa Fe directly controls, through ownership of their entire capital stocks, the following-named noncarrier companies, whose common-carrier properties had been acquired by it prior to date of valuation: With respect to these two companies the following is pointed out: The Eastern Railway Company of New Mexico owns the entire capital stocks of The Pecos River Railroad Company and The Pecos and Northern Texas Railway Company, whose common-carrier properties are operated by the Panhandle and Santa Fe Railway Company or the Gulf, Colorado and Santa Fe Railway Company, both of which are controlled by the Santa Fe. The Santa Fe Pacific Railroad Company owns a part of lands acquired by it as a government land grant. The Santa Fe is the beneficiary of profits from the sale of such lands through liquidation dividends of the Santa Fe Pacific Railroad Company.
 * The Eastern Railway Company of New Mexico
 * Santa Fe Pacific Railroad Company.

The Santa Fe indirectly controls through ownership of entire capital stocks of the companies by whom they are controlled, the following common-carrier corporations:
 * Laton and Western Railroad, controlled by the California, Arizona and Santa Fe, operated by the Santa Fe.
 * Santa Fe Dock and Channel Company, controlled by The Gulf and Interstate Railway of Texas, operates its own property.

The Santa Fe controls jointly with other companies through ownership of capital stock to the extent indicated, the following-named companies, the common-carrier properties of which are operated by their own organizations. It is provided by agreement between the Santa Fe and the Southern Pacific Company that for the Sunset Railway Company certain offices, each alternate five years, shall be filled by certain officials of the Santa Fe and the Southern Pacific Company, respectively.

It directly controls, through ownership of entire capital stock, the following active noncarrier companies: In connection with the above, it is pointed out that the Santa Fe uses under lease 28,636 units of equipment owned by the Santa Fe Land Improvement Company. On the other hand, the Santa Fe owns and leases to The Santa Fe Refrigerator Despatch Company 4,074 units of equipment.
 * Cherokee & Pittsburg Coal & Mining Company.
 * Pacific Land Improvement Company.
 * Santa Fe Land Improvement Company.
 * The Santa Fe Refrigerator Despatch Company.
 * Southwestern Lumber Company of New Jersey.

The Santa Fe indirectly controls, through ownership of entire capital stock by the Santa Fe Land Improvement Company, the Cherokee & Pittsburg Coal & Mining Company, or the Southwestern Lumber Company of New Jersey, the following active noncarrier companies:
 * American Lumber Company.
 * Chanslor-Canfield Midway Oil Company.
 * The Coline Oil Company.
 * Embudo Bridge Company.
 * The Folsom-Morris Coal Mining Company.
 * Petroleum Development Company.
 * The Rio Grande Boom Company.
 * The Santa Barbara Tie & Pole Company.
 * Santa Fe Tie & Lumber Preserving Company.

The property of the Santa Fe has been operated by its own organization during its entire life. Although the Santa Fe acquired title to its property on December 12, 1895, the results of corporate operations to December 31, 1895, are recorded in the accounts of its predecessor, the Atchison Topeka and Santa Fe Rail Road Company.

Corporate History
The Santa Fe was incorporated December 12, 1895, under the general laws of the State of Kansas, for the purpose of acquiring the property, rights, and franchises of the Atchison Topeka and Santa Fe Rail Road Company. The date of organization of the Santa Fe was December 12, 1895. Pursuant to this purpose, the Santa Fe acquired at its organization the property, rights, and franchises of that corporation. It subsequently acquired by purchase the property, rights, and franchises of 38 other railroad corporations. The Santa Fe, itself, and those corporations, together with their predecessors, total 133 different corporations, of which 6 underwent a change or changes of name, and comprise the line of corporate succession culminating in the Santa Fe as at present constituted. 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. Reference to each of these corporations is made in the last column by its respective number shown in the first column.

The Topeka Equipment Company, which was incorporated in Kansas on March 7, 1876, to acquire equipment and lease or sell the same, sold all of the equipment owned by it in two lots. The first lot consisting of 372 units, was sold to the Atchison Topeka and Santa Fe Rail Road Company on February 28, 1889, and the second lot, consisting of 20 units, was sold to the Santa Fe on October 30, 1896. On November 30, 1896, the Topeka Equipment Company was dissolved.

The Atlantic and Pacific Equipment Company was incorporated July 3, 1888, under the general laws of Kansas, for the purpose of selling, hiring, or leasing equipment to railroad companies. The entire equipment of The Atlantic and Pacific Equipment Company was sold to C. W. Smith, receiver of the Atlantic and Pacific Railroad Company, as of June 1, 1896, and was conveyed by deed dated June 15, 1896.

Development of Fixed Physical Property
The road wholly owned by the Santa Fe, amounting to 7,141.701 miles, was acquired partly through foreclosure and reorganization of the Atchison Topeka and Santa Fe Rail Road Company, partly by subsequent purchases, partly by construction, and partly by completion of construction begun by a predecessor company. Of the 132 corporations which comprise the line of succession culminating in the Santa Fe as at present constituted, 8 did not construct or improve any property. Those corporations were—
 * The Rio Grande, Mexico and Pacific Railroad Extension Company.
 * Lawrence and Carbondale Railway Company.
 * Pleasant Hill and Lawrence Branch of the Pacific Railroad Company.
 * The Hutchinson, Oklahoma and Gulf Railway Company.
 * The McPherson Texas and Gulf Railroad Company.
 * The Los Angeles and Santa Monica Railroad Company.
 * The Pecos Valley Railroad Company.
 * The Pecos Northern Railroad Company.

Seven others acquired property from predecessors, but either these have no records, or the records reviewed do not show whether they improved such property while they owned it. These corporations were:
 * Saint Louis, Lawrence and Denver Railroad Company.
 * The Crawford County Railroad Company.
 * Lawrence & Galveston Railroad Company.
 * Kansas City and Santa Fe Railroad Company.
 * Ottawa & Burlington Railroad Company.
 * The Chicago and St. Louis Railway Company.
 * Southern California Railway Company (of 1889).

The data with respect to the miles of road constructed by the 107 remaining corporations, the years in which the various portions of the line were constructed, and the manner in which the Santa Fe acquired the property are indicated in the following table, wherein, to facilitate comparison with the table showing corporate succession, the same order of corporations is maintained.

In addition, the Santa Fe jointly owns with other common-carrier corporations 2.7 miles of road located at Chicago and Joliet, Ill., and Pueblo, Colo. The details of the construction of this road were not determined.

Leased Railway Property
The Santa Fe uses on date of valuation property owned by other companies and other companies use property owned by the Santa Fe to the extent indicated in the statement below. The description of the property, the period and terms of use, and the rentals accrued and charged or credited to income for the year ending on date of valuation are as follows: There are other facilities of minor importance, such as interlockers, yard tracks and sidings, etc., in which the Santa Fe grants or receives joint use, that are not listed in this section.

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Lessor Companies

 * California, Arizona and Santa Fe
 * Dodge City and Cimarron Valley Railway
 * Garden City, Gulf and Northern
 * Laton and Western Railroad
 * Minkler Southern Railway
 * Oklahoma Central Railroad
 * Oil Fields and Santa Fe Railway
 * Rocky Mountain and Santa Fe Railway
 * Verde Valley Railway
 * Western Arizona Railway

Atchison Topeka and Santa Fe Rail Road Company, Formerly Named Atchison and Topeka Railroad Company
Introductory

The Atchison Topeka and Santa Fe Rail Road Company was incorporated February 11, 1859, under a special act of the Territory, now State, of Kansas, as the Atchison and Topeka Railroad Company. On November 24, 1863, the name was changed to the Atchison Topeka and Santa Fe Rail Road Company. Although the railroad property of this company was conveyed to the Santa Fe, a reorganized company, by deed dated December 12, 1895, the accounts of the company and of its receivers were continued to December 31, 1895, the effective date of the reorganization. Therefore, the accounting data given in this report cover the period to December 31, 1895. The records reviewed do not indicate that the company was controlled by any individual, association, or corporation on the date of reorganization. On the other hand, this company then controlled the companies named below through stock ownership:

Controlled companies whose properties were operated under lease by the receivers of the Atchison Topeka and Santa Fe Rail Road Company:
 * Atchison, Topeka and Santa Fe Rail Road Company in Chicago
 * The Chicago, Kansas & Western Railroad Company
 * Chicago, Santa Fe and California Railway Company
 * The Denver and Santa Fe Railway Company
 * Florence, El Dorado and Walnut Valley Railroad Company
 * Kansas City, Topeka and Western Railroad Company
 * Kansas City, Emporia and Southern Railway Company
 * Leavenworth, Northern and Southern Railway Company
 * Marion and McPherson Railway Company
 * The New Mexican Railroad Company
 * The New Mexico and Southern Pacific Railroad Company
 * The Pueblo and Arkansas Valley Railroad Company (of 1878)
 * The Rio Grande, Mexico and Pacific Railroad Company
 * St. Joseph, St. Louis and Santa Fe Railway Company
 * Silver City, Deming and Pacific Railroad Company
 * Wichita and Southwestern Railway Company

Companies, controlled through other subsidiary companies, whose properties were operated under lease by the receivers of the Atchison Topeka and Santa Fe Rail Road Company:
 * The Mississippi River Railroad & Toll Bridge Company
 * The Sibley Bridge Company
 * The Southern Kansas Railway Company

Controlled companies whose properties were not operated by the receivers of the Atchison Topeka and Santa Fe Rail Road Company:
 * Atlantic and Pacific Railroad Company (controlled jointly with the St. Louis and San Francisco Railway Company)
 * Cerrillos Coal Railroad Company
 * Colorado Midland Railway Company
 * Gulf, Colorado and Santa Fe Railway Company
 * Leavenworth, Topeka and South Western Railway Company (controlled jointly with Union Pacific Railway Company)
 * Manhattan Alma and Burlingame Railway Company (controlled jointly with the Union Pacific Railway Company)
 * New Mexico and Arizona Railroad Company
 * Rio Grande and El Paso Railroad Company
 * St. Louis, Kansas City and Colorado Railroad Company
 * St. Louis and San Francisco Railway Company
 * Sonora Railway Company, Limited
 * Southern California Railway (of 1892)
 * The Wichita & Western Railway Company (controlled jointly with the St. Louis and San Francisco Railway Company)

The property of the Atchison Topeka and Santa Fe Rail Road Company was operated by its own organization from the date its first section of road was placed in operation during 1869 until the receivership, December 23, 1893, and by receivers from December 24, 1893, to the date of reorganization. The railroad operated by the receivers on the date of reorganization consisted of a standard-gauge railroad aggregating 4,329.79 miles, and located in the States of Illinois, Iowa, Missouri, Kansas, Oklahoma, Colorado, and New Mexico. The owned mileage amounted to 467.42 miles and extended from Atchison to the Kansas-Colorado State line, all in the State of Kansas. The mileage operated under lease amounted to 3,862.37 miles, and extended from Chicago, Ill., through the States of Iowa and Missouri, to various points in Kansas, Colorado, Oklahoma, and New Mexico. The receivers on date of sale also had trackage rights over about 23.34 miles of road owned by other carriers.

Development of Fixed Physical Property

The mileage owned by the company, amounting to 467.42 miles, was constructed by or for it during the period 1869 to 1872. The mileage originally constructed was recorded as 468.44 miles, but was subsequently reduced to 467.42 miles through remeasurements and line changes. The construction of the line from Topeka to Burlingame, Kans., was started by a group of men known as the Atchison Associates, but the construction contracts with the associates were canceled and the work completed by the Atchison Topeka and Santa Fe Rail Road Company. Also the remainder of the mileage was constructed by forces of this company. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Wichita & Western Railway Company
Introductory The Wichita & Western Railway Company was incorporated under the general laws of Kansas through articles of consolidation, dated July 18, 1889, filed July 24, 1889. It was controlled on December 30, 1898, the date of sale, by the Santa Fe through ownership of a majority of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any other common-carrier corporations. Although the company did not acquire title to its property until July 24, 1889, it commenced recording the results of corporate operations in its books on January 1, 1889, and other accounts were opened as of that date. The accounting data in this report, therefore, cover the period from January 1, 1889, to December 31, 1898. The report of the Santa Fe on the corporate history of The Wichita & Western Railway Company states that the property of the latter was operated by its own organization from January 1, 1889, until the receivership, February 1, 1895, and from the latter date until the date of sale it was operated by a receiver. However, certain records reviewed indicate that during the period July 1, 1890, to beginning of receivership the property was operated by the Atchison Topeka and Santa Fe Rail Road Company, as agent, under agreements dated July 1, 1890. The company owned on the date of sale 79.79 miles of single-track standard gauge steam railroad extending from Wichita to Pratt, Kans.

The railroad operated by the company was located in the State of Kansas and amounted to 340.55 miles. The owned mileage amounted to 184.72 miles and consisted of three lines, one extending from Lawrence to Coffeyville, Kans., one from Olathe to North Ottawa, Kans., and the other from Cherryvale to Independence, Kans. The mileage operated under lease amounted to 155.83 miles and consisted of two lines, all in Kansas, one a main line owned by the Southern Kansas and Western Railroad Company, extending from Independence to Harper, Kans., 137.51 miles, and the other a branch line owned by the Sumner County Railroad Company, extending from Wellington to Hunnewell, Kans., 18.32 miles.

Development of Fixed Physical Property

Of the 79.79 miles of road owned by the company on the date of sale, it had acquired 44.93 miles from The Wichita and Western Railroad Company and 34.86 miles from The Kingman, Pratt & Western Railroad Company. The road originally acquired from the latter company consisted of 79.71 miles extending from Kingman to the west line of Kiowa County, Kans., but on December 10, 1895, that part of the road west of Pratt, Kans., 44.85 miles, was abandoned. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Wichita and Western Railroad Company, Predecessor of The Wichita & Western Railway Company
Introductory

The Wichita and Western Railroad Company was incorporated May 17, 1883, in the State of Kansas. It was jointly controlled on July 24, 1889, the date of consolidation, by the Atchison Topeka and Santa Fe Rail Road Company and the St. Louis and San Francisco Railway Company through ownership of its capital stock. On the other hand, the company controlled The Kingman, Pratt & Western Railroad Company through ownership of a majority of the capital stock.

The property of the company was operated by its own organization from the date it was put in operation to the date of consolidation. Although the property of this company was not conveyed to its successor until July 24, 1889, the company discontinued recording the results of corporate operations in its books on December 31, 1888, and other accounts were closed as of that date. The accounting data in this report, therefore, cover the period to December 31, 1888. The railroad operated on the date of consolidation amounted to 44.93 miles, all owned. It consisted of a single-track standard-gauge steam railroad, wholly within the State of Kansas and extending from Wichita to Kingman, Kans.

Development of Fixed Physical Property

The 44.93 miles of road had been acquired by construction during 1883 and 1884. The construction work was performed by the forces of the Atchison Topeka and Santa Fe Rail Road Company.

The Kingman, Pratt & Western Railroad Company, Predecessor of The Wichita & Western Railway Company
Introductory

The Kingman, Pratt & Western Railroad Company was incorporated September 11, 1885, in the State of Kansas. It was controlled on July 24, 1889, the date of consolidation, by The Wichita and Western Railroad Company through ownership of a majority of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any other common-carrier corporation.

The property of the company was operated by its own organization from the date it was put in operation to the date of consolidation. Although the property of this company was not conveyed to its successor until July 24, 1889, the company discontinued recording the results of corporate operations in its books on December 31, 1888, and other accounts were closed as of that date. The accounting data in this report, therefore, cover the period to December 31, 1888. The railroad operated by the company on the date of consolidation amounted to 79.71 miles, all owned. It consisted of a single-track standard-gauge steam railroad, wholly within the State of Kansas and extending from Kingman to the west line of Kiowa County, Kans., and had been acquired by construction during 1886 and 1887.

The Rio Grande, Mexico and Pacific Railroad Company
Introductory

The Rio Grande, Mexico and Pacific Railroad Company was incorporated under the general laws of the Territory of New Mexico, through articles of consolidation, dated April 18, 1881, filed April 18, 1881. It was controlled on February 15, 1899, the date of sale, by the Santa Fe through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any other common-carrier corporation.

The property of this company was operated, under lease, by the Atchison Topeka and Santa Fe Rail Road Company and its receivers from April 18, 1881, to December 31, 1895. From the latter date to the date of sale it was operated by the Santa Fe. Although the company did not acquire title to its original property until April 18, 1881, it commenced recording the results of corporate operations on March 20, 1881, the date the original road was completed and placed in operation by its predecessor. No accounting was included in the records of this company for the results of corporate operations and improvements of its property subsequently to December 31, 1888, and December 31, 1889, respectively, such items being merged with or included in the accounts of the lessees. The railroad owned on the date of sale amounted to 184.30 miles of single-track standard-gauge steam railroad, all in New Mexico. It consisted of a main line extending from San Marcial to Deming, and a branch line extending from Rincon to the New Mexico-Texas State line.

Development of Fixed Physical Property

Of the 184.30 miles of road owned on the date of sale, 127.95 miles were acquired from the Rio Grande, Mexico and Pacific Railroad Company, and 56.35 miles by completion of construction begun by that company. The construction work was performed by the forces of the Atchison Topeka and Santa Fe Rail Road Company. Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Rio Grande, Mexico and Pacific Railroad Extension Company, Predecessor of The Rio Grande, Mexico and Pacific Railroad Company
The Rio Grande, Mexico and Pacific Railroad Extension Company was incorporated April 18, 1881, in the Territory of New Mexico. It was controlled on April 18, 1881, the date of consolidation, by the Atchison Topeka and Santa Fe Rail Road Company through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any other common-carrier corporation. This company owned no common-carrier property.

Rio Grande, Mexico and Pacific Railroad Company, Predecessor of The Rio Grande, Mexico and Pacific Railroad Company
Introductory

The Rio Grande, Mexico and Pacific Railroad Company was incorporated June 19, 1880, under the general laws of the Territory of New Mexico. It was controlled on April 18, 1881, the date of consolidation, by the Atchison Topeka and Santa Fe Rail Road Company through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any other common-carrier corporation.

The property of the company was operated under lease by the Atchison Topeka and Santa Fe Rail Road Company from the date a portion of the line was completed to the date of consolidation. The railroad owned by the company on the date of consolidation consisted of 127.95 miles of single-track standard-gauge steam railroad extending from San Marcial to Deming, N. Mex., and 56.35 miles of partially constructed single-track standard-gauge line between Rincon, N. Mex., and the New Mexico-Texas State line.

Development of Fixed Physical Property The entire 127.95 miles of completed road and 56.35 of partially constructed road was acquired by construction. The construction work was all performed by the forces of the Atchison Topeka and Santa Fe Rail Road Company.

The New Mexican Railroad Company
Introductory

The New Mexican Railroad Company was incorporated January 16, 1882 under the general laws of the Territory of New Mexico. The results of corporate operations of this company subsequently to December 31, 1888, and the improvements made to its property subsequently to December 31, 1889, are not recorded in the accounts of this company that were reviewed, but are merged with and included in the accounts of the Atchison Topeka and Santa Fe Rail Road Company and the Santa Fe. The company was controlled by the Santa Fe on February 15, 1899, the date of sale, through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company itself then controlled any other common-carrier corporation.

The property of this company was operated under lease by the Atchison Topeka and Santa Fe Rail Road Company and its receivers from the date it was placed in operation to December 31, 1895. From January 1, 1896, to date of sale, it was operated by the Santa Fe. The railroad owned by this company on date of sale was a single-track standard-gauge steam railroad, located wholly within the then Territory of New Mexico and aggregating 53.14 miles. It extended from Socorro to Magdalena, Nutt to Lake Valley, Las Vegas to Hot Springs, and from Dillon Junction to Blossburg.

Development of Fixed Physical Property

The road originally owned by the company, aggregating 62.78 miles, was all acquired by construction. The construction work was performed by the forces of the Atchison Topeka and Santa Fe Rail Road Company or under its supervision. Of the mileage originally constructed, 9.64 miles, between San Antonio and Carthage, N. Mex., were abandoned during 1896, leaving 53.14 miles owned on date of sale. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The New Mexico and Southern Pacific Railroad Company
Introductory

The New Mexico and Southern Pacific Railroad Company was incorporated February 6, 1878, in the Territory of New Mexico. No accounting was included in the records of this company with respect to the operation of its property or for improvements to its property subsequently to December 31, 1888, and September 30, 1889, respectively. Such accounting was merged with and included in the accounts of the Atchison Topeka and Santa Fe Rail Road Company and the Santa Fe. The company was controlled on February 15, 1899, the date of sale, by the Santa Fe through ownership of a majority of its capital stock. On the other hand, the records do not indicate that this company itself then controlled any other common-carrier corporation.

The property of this company was operated under lease successively by the Atchison Topeka and Santa Fe Rail Road Company, the receivers thereof, and the Santa Fe, from the date its first section of road was placed in operation to the date of sale. The railroad owned on the date of sale amounted to 371.80 miles. It consisted of a single-track standard-gauge steam railroad, wholly within the Territory of New Mexico and extended from the Colorado-New Mexico State line to San Marcial and from Lamy to Santa Fe.

Development of Fixed Physical Property

The entire 371.80 miles of road was acquired through construction performed by the Atchison Topeka and Santa Fe Rail Road Company or under its supervision during the period from 1878 to 1880. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

Silver City, Deming and Pacific Railroad Company
Introductory

The Silver City, Deming and Pacific Railroad Company was incorporated March 23, 1882, in the Territory of New Mexico. No accounting was included in the records of this company for the results of the operation of its property or for the outlays for improvements to its property subsequently to December 31, 1888, and December 31, 1889, respectively. Such items were merged with and included in the accounts of the Atchison Topeka and Santa Fe Rail Road Company and the Santa Fe. The company was controlled on February 15, 1899, the date of sale, by the Santa Fe through ownership of a majority of its capital stock. On the other hand, the records reviewed do not indicate that this company itself then controlled any other common-carrier corporation.

The property of this company was operated under lease, successively by the Atchison Topeka and Santa Fe Rail Road Company, the receivers thereof, and the Santa Fe from July 1, 1884, the date its first section of road was placed in operation, to the date of sale. The railroad owned on the date of sale amounted to 46.55 miles. It consisted of a single-track standard-gauge steam railroad, wholly within the Territory of New Mexico and extended from Deming to Silver City, N. Mex. This road was originally narrow gauge, the construction of which was begun in 1883 by Prosper W. Smith, under a contract dated February 24, 1883. During March, 1884, Smith was released from the contract and the company changed the road from narrow to standard gauge.

Kansas City, Topeka and Western Railroad Company
Introductory

The Kansas City, Topeka and Western Railroad Company was formed September 29, 1875, in the State of Kansas, through articles of consolidation dated July 13, 1875, filed in Kansas September 29, 1875. No accounting was included in the records of the company for the results of the operation of its property or for the outlays for improvements to its property subsequently to December 31, 1888, and December 31, 1889, respectively. Such items were merged with and included in the accounts of the Atchison Topeka and Santa Fe Rail Road Company and the Santa Fe. The company was controlled on February 15, 1899, the date of sale, by the Santa Fe through ownership of its capital stock. On the other hand, the company controlled The Southern Kansas Railway Company through ownership of a majority of its capital stock. It also jointly controlled, with other companies, The Kansas City Belt Railway Company.

The property of this company was operated under lease successively by the Atchison Topeka and Santa Fe Rail Road Company, the receivers thereof, and the Santa Fe from the date of acquirement thereof to the date of sale. The railroad owned on the date of sale amounted to 66.06 miles. It consisted of a single-track standard-gauge steam railroad, extending from Kansas City, Mo., to Topeka, Kans.

Development of Fixed Physical Property

The 66.06 miles of road owned by the company was acquired by consolidation, purchase, and construction as follows: Details with respect to the construction of this property are given in the section devoted to development of fixed physical property in the report on the Santa Fe.

The Lawrence and Topeka Railway Company, Predecessor of the Kansas City, Topeka and Western Railroad Company
The Lawrence and Topeka Railway Company was incorporated December 2, 1868, in the State of Kansas. No accounting records of the company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from its minute books and other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on September 29, 1875, the date of consolidation, nor, on the other hand, whether it then controlled any other common-carrier corporation.

The property of this company was operated by its own organization from the date it was placed in operation to the date of consolidation. The railroad operated by the company on the date of consolidation amounted to 26.36 miles, all owned. It consisted of a single-track standard-gauge steam railroad, wholly within the State of Kansas and extended from Lawrence to Topeka. This property was all acquired by construction. The records reviewed do not indicate whether the construction work was performed by the company's own forces or by contract. The authorized capital stock was $750,000 par value. How much of that amount was actually issued, or the considerations received therefor, was not ascertainable from the records reviewed.

Kansas Midland Rail Road Company, Predecessor of the Kansas City, Topeka and Western Railroad Company
The Kansas Midland Rail Road Company was incorporated May 29, 1873, in the State of Kansas. No accounting records of the company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from its minute books and other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on September 29, 1875, the date of consolidation, nor, on the other hand, whether it then controlled any other common-carrier corporation.

The property of this company had not been placed in operation at the date of consolidation. The railroad owned on the date of consolidation amounted to 21.90 miles. It consisted of a single-track standard-gauge steam railroad wholly within the State of Kansas and extended from the Missouri-Kansas State line to Corliss, Kans., all of which had been acquired by construction. The records reviewed do not indicate whether the construction work was performed by the company's own forces or by contract. The authorized capital stock was $1,000,000 par value. How much of this amount was actually issued, or the considerations received therefor, was not indicated by the records reviewed.

St. Louis, Lawrence ans Western Railroad Company, Predecessor of the Kansas City, Topeka and Western Railroad Company, Formerly Named The St. Louis, Lawrence and Denver Railroad Company
Introductory

The St. Louis, Lawrence and Western Railroad Company was incorporated in the State of Kansas on January 15, 1873, as The St. Louis, Lawrence and Denver Railroad Company. The name was changed on February 26, 1874. No accounting records of the company were obtained for the period from the date of its organization to February 28, 1874. The results of the operation of its property subsequently to July 21, 1876, were not recorded in the accounting records that were obtained. Therefore, only partial information can be given from its accounts in connection with its financial dealings, corporate operations, or investments. The records reviewed do not indicate whether the company was controlled by any individual or corporation on February 23, 1877, the date of sale, nor, on the other hand, whether it then controlled any other common carrier corporation.

The property was operated by the company’s own organization from January 15, 1873, the date it was acquired, to the date of sale. The railroad owned on the date of sale amounted to 61.34 miles. It extended from Lawrence, Kans., via De Soto Junction (now Corliss) and Olathe, Kans., to Pleasant Hill, Mo.

Development of Fixed Physical Property

The entire 61.34 miles of road had been acquired from The St. Louis, Lawrence & Denver Railroad Company in the consolidation of January 15, 1873, by which this company was formed. The property, rights, and franchises of the company were sold at foreclosure sale on February 23, 1877, and conveyed by special master's deed dated March 6, 1877, to Frank Morison, who by deeds dated October 18, 1877, conveyed the portion extending from Lawrence to Corliss, Kans., 16.52 miles, to the Kansas City, Topeka and Western Railroad Company and the remainder extending from Corliss, Kans., to Pleasant Hill, Mo., 44.82 miles, to the Pleasant Hill and De Soto Railroad Company, a predecessor of the Kansas City, Clinton and Springfield Railway Company.

Lawrence and Carbondale Railway Company, Predecessor of the St. Louis, Lawrence and Western Railroad Company
The Lawrence and Carbondale Railway Company was incorporated July 31, 1871, under the general laws of the State of Kansas. No accounting records of this company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. The records reviewed do not indicate whether this company was controlled by any individual or corporation on January 15, 1873, the date of consolidation, nor, on the other hand, whether it then controlled any other common-carrier corporation. The report of the Santa Fe upon its corporate history states that the company did not construct or operate any railroad. The records reviewed do not indicate what property, if any, was owned by this company on the date of consolidation.

The St. Louis, Lawrence & Denver Railroad Company, Predecessor of the St. Louis, Lawrence and Western Railroad Company
The St. Louis, Lawrence & Denver Railroad Company was incorporated in the State of Kansas, November 14, 1870, through articles of consolidation dated November 10, 1870, filed November 14, 1870. No accounting records of the company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. The records reviewed do not indicate whether the company was controlled by any individual or corporation on January 15, 1873, the date of consolidation, nor, on the other hand, whether it then controlled any other common-carrier corporation.

The property of the company was operated by its own organization from the date of acquirement of its original railroad to the date of consolidation. This company owned on the date of consolidation 61.34 miles of single-track standard gauge steam railroad extending from Lawrence, Kans., via De Soto Junction (now Corliss) and Olathe, Kans., to Pleasant Hill, Mo. This property was acquired in the consolidation of the Pleasant Hill and Lawrence Branch of the Pacific Railroad Company and the Saint Louis, Lawrence and Denver Railroad Company. At the time it was acquired, 16.52 miles are known to have been completed and previously in operation, but the records reviewed are not clear as to what part of the remainder, 44.82 miles, was completed after its acquisition by this company. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

Pleasant Hill and Lawrence Branch of the Pacific Railroad Company, Predecessor of The St. Louis, Lawrence & Denver Railroad Company
The Pleasant Hill and Lawrence Branch of the Pacific Railroad Company was incorporated about 1869 in the State of Missouri, under the general act of March 21, 1868. No accounting records of the company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. The records reviewed do not indicate whether the company was controlled by any individual or corporation on November 14, 1870, the date of consolidation, nor, on the other hand, whether it then controlled any other common-carrier corporation. The records reviewed do not indicate what property, if any, was owned by this company on the date of consolidation.

Leavenworth, Northern and Southern Railway Company
Introductory

The Leavenworth, Northern and Southern Railway Company was incorporated October 24, 1885, in the State of Kansas. No accounting was included in the records of the company for the results of the operation of its property or for the outlays for improvements to its property subsequently to December 31, 1888, and September 30, 1889, respectively. Such items were merged with and included in the accounts of the Atchison Topeka and Santa Fe Rail Road Company and those of the Santa Fe. The company was controlled on February 15, 1899, the date of sale, by the Santa Fe through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company, itself, then controlled any other common-carrier corporation.

The property of this company was operated under lease, successively by the Atchison Topeka and Santa Fe Rail Road Company, the receivers thereof, and the Santa Fe from November 1, 1887, the date it was placed in operation to the date of sale. The railroad owned on the date of sale amounted to 45.37 miles. It consisted of a single-track standard-gauge steam railroad, wholly within the State of Kansas, and extending from Hawthorne to Wilder. This road was constructed by the Atchison Topeka and Santa Fe Rail Road Company for this company during the period from December, 1886, to November 1, 1887.

The Southern Kansas Railway Company
Introductory

The Southern Kansas Railway Company was incorporated under the general laws of Kansas through articles of consolidation, dated April 16, 1885, and filed on the same date. Although the company acquired title to its original property on April 16, 1885, the results of corporate operations are recorded in its books for the period April 1, 1885, to September 30, 1889. The results from operation of its property and the outlays for improvements to its property subsequently to September 30, 1889, are not recorded in the accounting records of this company, but are merged with and included in the accounts of the Atchison Topeka and Santa Fe Rail Road Company and the Santa Fe.

The company was controlled on February 15, 1899, the date of sale, by the Kansas City, Topeka and Western Railroad Company through ownership of a majority of its outstanding capital stock. The Kansas City, Topeka and Western Railroad Company was, in turn, controlled by the Santa Fe through ownership of the entire capital stock. On the other hand, this company itself controlled on the date of sale, through ownership of the entire outstanding capital stock, The Southern Kansas Railway Company of Texas (now the Panhandle and Santa Fe Railway Company), which operated its own property. It also owned one-ninth of the outstanding capital stock of the Union Depot Company, of Kansas City, Mo. The property was operated from the date of its formation to the date of sale, as indicated below.

The railroad owned on the date of sale was a single-track standard-gauge steam railroad located in Kansas and Oklahoma and aggregating 829.40 miles. It consisted of two disconnected main lines and seven branch lines. One main line extended from Holliday Junction, Kans., via Cherryvale, Kans., to the Oklahoma-Texas State line near Goodwin, Okla., with branch lines diverting therefrom in the State of Kansas, extending from North Ottawa to Lawrence, North Ottawa to Emporia, Burlington Junction to Burlington, Chanute to Pittsburg, Cherryvale to Coffeyville, Wellington to Hunnewell, and Attica to Medicine Lodge. The other main line extended from Arkansas City, Kans., to Purcell, Okla.

Development of Fixed Physical Property Of the 829.40 miles of road owned by the company on the date of sale, it had acquired 501.98 miles from the companies forming the consolidation of April 16, 1885, 43.42 miles by completion of the construction begun by The Harper & Western Railroad Company, and 284 miles by construction. The mileage acquired from each predecessor and that constructed by this company is shown in the following statement: Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Kansas Southern Railway Company, Predecessor of The Southern Kansas Railway Company
Introductory

The Kansas Southern Railway Company was incorporated under the general laws of Kansas, through articles of consolidation dated February 15, 1884, and filed in Kansas on the same date. It was controlled on April 16, 1885, the date of consolidation, by the Atchison Topeka and Santa Fe Rail Road Company through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation.

The property of the company was operated under lease by the Southern Kansas Railway Company from the date of acquirement thereof to the date of consolidation. The railroad owned on the date of consolidation consisted of 40.28 miles of single-track standard-gauge steam railroad, extending from Chanute to Girard, Kans. In addition, the company owned certain right of way and an undetermined amount of grading between Independence and Elgin, Kans., which it had acquired from the Kansas Southern Railroad Company. The line between these two points was not completed by this company or its predecessor, but the right of way and grading were subsequently used by The Independence & South-Western Railroad Company and The Chicago, Kansas & Western Railroad Company for the railroad extending from Independence to Cedarvale, Kans.

Development of Fixed Physical Property

Of the 40.28 miles of road owned by the company on the date of consolidation, it had acquired 24.28 miles from the Kansas Southern Railroad Company and 16 miles from The Crawford County Railroad Company. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Crawford County Railroad Company, Predecessor of The Kansas Southern Railway Company
The Crawford County Railroad Company was incorporated February 7, 1884, in the State of Kansas by E. Wilder and associates for the purpose of acquiring and operating the property of The Nebraska, Topeka, Iola and Memphis Railroad Company that had been sold at foreclosure sale on January 21, 1884, to E. Wilder and conveyed to him by deed dated February 6, 1884. No record was found of a deed conveying the property from E. Wilder to this company. No accounting records of the company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. The company was controlled on February 15, 1884, the date of consolidation, by A. E. Touzalin and his associates through subscription to its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation.

This property was operated under lease by the Southern Kansas Railway Company from the date of acquirement thereof to the date of consolidation. This company owned on date of sale 16 miles of railroad extending from Girard to Walnut, Kans., which it purchased, through E. Wilder, from The Nebraska, Topeka, Iola and Memphis Railroad Company.

The Nebraska, Topeka, Iola and Memphis Railroad Company, Predecessor of The Crawford County Railroad Company
The Nebraska, Topeka, Iola and Memphis Railroad Company was incorporated June 17, 1881, in the State of Kansas. The accounting records of the company that were obtained cover only the results of the operation of its property during the period May 1, 1883, to December 31, 1883. Therefore no information can be given from its accounts regarding its financial dealings or investments and only partial information can be given from its accounts in connection with its corporate operations. However, certain data indicated below were obtained from its minute book, from the accounting records of The Kansas Southern Railway Company, and from a documentary file of the Atchison Topeka and Santa Fe Rail Road Company. The records reviewed do not indicate whether the company was controlled by any individual or corporation on January 21, 1884, the date of sale, nor, on the other hand, whether it then con trolled any other common-carrier corporation.

The property was operated by the company's own organization from May 1, 1883, the date of completion, to December 31, 1883, and by the Southern Kansas Railway Company under lease from January 1, 1884, to the date of sale. The company owned on the date of sale 16 miles of railroad extending from Girard to Walnut, Kans., which had been acquired by construction during 1882 and 1883. The construction work was performed by S. G. Clarke, a contractor.

Kansas Southern Railroad Company, Predecessor of The Kansas Southern Railway Company
The Kansas Southern Railroad Company was incorporated June 1, 1883, in the State of Kansas. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from its minute book, from the records of its successor, and from other sources. The company was controlled on February 15, 1884, the date of consolidation, by A. E. Touzalin and his associates, through subscription to its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation.

The property was operated under lease by the Southern Kansas Railway Company from the date it was placed in operation, January 1, 1884, to the date of consolidation. This company owned on the date of consolidation 24.28 miles of single-track standard-gauge steam railroad extending from Chanute to Walnut, Kans., which had been constructed for it by the Atchison Topeka and Santa Fe Rail Road Company during 1883 and 1884. In addition, it owned certain right of way and an undetermined amount of grading between Independence and Elgin, Kans.

The Kansas City and Emporia Railroad Company, Predecessor of The Southern Kansas Railway Company
Introductory

The Kansas City, and Emporia Railroad Company was incorporated December 11, 1880, in the State of Kansas. It was controlled on April 16, 1885, the date of consolidation, by the Atchison Topeka and Santa Fe Rail Road Company, through ownership of its entire outstanding capital stock. On the other hand, the records reviewed do not indicate that this company itself controlled any other common-carrier corporation.

This property was operated under lease by the Southern Kansas Railway Company from the date it was placed in operation, February 1, 1884, to the date of consolidation. The railroad, on the date of consolidation, consisted of 54.19 miles of standard-gauge steam railroad, extending from North Ottawa to Emporia, Kans., which was constructed for the company by the Atchison Topeka and Santa Fe Rail Road Company during 1883 and 1884.

Southern Kansas Railway Company, Predecessor of The Southern Kansas Railway Company
Introductory

The Southern Kansas Railway Company was incorporated in the State of Kansas through articles of consolidation dated June 6, 1883, filed July 16, 1883. It was controlled on April 16, 1885, the date of consolidation, by the Kansas City, Topeka and Western Railroad Company through ownership of its entire outstanding capital stock. The latter company, however, was controlled by the Atchison Topeka and Santa Fe Rail Road Company. On the other hand, the records reviewed do not indicate that this company then controlled any other common-carrier corporation.

The property of this company was operated by its own organization from the date of its formation to the date of consolidation. Although the company acquired title to its property on July 16, 1883, and conveyed the property to its successor through articles of consolidation filed on April 16, 1885, the results of the operation thereof are recorded in its books for the period August 1, 1883, to March 31, 1885. The railroad operated by the company was located in the State of Kansas and amounted to 501.98 miles. The owned mileage amounted to 396.05 miles and consisted of five lines, one extending from Lawrence to Coffeyville, Kans., one from Cherryvale to Harper, Kans., one from Holliday Junction to North Ottawa, Kans., one from Burlington Junction to Burlington, Kans., and the other from Wellington to Hunnewell, Kans. The mileage operated under lease amounted to 105.93 miles and consisted of three lines, all in Kansas, one owned by The Kansas City, and Emporia Railroad Company, extending from North Ottawa to Emporia, Kans., 54.19 miles, one owned by The Kansas Southern Railway Company, extending from Chanute to Girard, Kans., 40.28 miles, and the other owned by The Harper & Western Railroad Company, extending from Harper to Attica, Kans., 11.46 miles. Trackage rights over about 13 miles of the road of the Kansas City, Topeka and Western Railroad Company afforded this company access to Kansas City, Mo.

Development of Fixed Physical Property

Of the 396.05 miles of road owned by the company on the date of consolidation, it had acquired 340.55 miles from the Kansas City, Lawrence and Southern Kansas Railroad Company, 14.10 miles from the Kansas City and Olathe Railroad Company, and 41.40 miles from the Ottawa & Burlington Railroad Company. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

Kansas City, Lawrence and Southern Kansas Railroad Company, Predecessor of the Southern Kansas Railway Company
Introductory

The Kansas City, Lawrence and Southern Kansas Railroad Company was incorporated in the State of Kansas through articles of consolidation dated November 20, 1880, filed on December 15, 1880. It was controlled on July 16, 1883, the date of its consolidation, by the Kansas City, Topeka and Western Railroad Company through ownership of its entire outstanding capital stock. The latter company, however, was controlled by the Atchison Topeka and Santa Fe Rail Road Company. On the other hand, this company itself controlled on the date of consolidation, through ownership of the entire capital stock of each, the Kansas City and Olathe Railroad Company and the Ottawa & Burlington Railroad Company, whose common-carrier properties it operated under lease.

The property of the company was operated by its own organization from the date of its formation to the date of consolidation. Although the company acquired title to its property on December 15, 1880, and conveyed the property to its successor through articles of consolidation filed on July 16, 1883, the results of the operation thereof are recorded in its books for the period January 1, 1881, to July 31, 1883. The railroad operated by the company was located in the State of Kansas and amounted to 396.05 miles. The owned mileage amounted to 340.55 miles and consisted of four lines, one extending from Lawrence to Coffeyville, Kans., one from Cherryvale to Harper, Kans., one from Olathe to North Ottawa, Kans., and the other from Wellington to Hunnewell, Kans. The mileage operated under lease amounted to 55.50 miles and consisted of two lines, all in Kansas, one owned by the Ottawa & Burlington Railroad Company extending from Burlington Junction to Burlington, Kans., 41.40 miles, and the other owned by the Kansas City and Olathe Railroad Company extending from Olathe to Holliday Junction, Kans., 14.10 miles. Trackage rights over about 13 miles of the road of the Kansas City, Topeka and Western Railroad Company afforded the company access to Kansas City, Mo.

Development of Fixed Physical Property

Of the 340.55 miles of railroad owned on the date of the consolidation of 1883, the company had acquired 184.72 miles from the Kansas City, Lawrence and Southern Railroad Company, 137.51 miles from the Southern Kansas and Western Railroad Company, and 18.32 miles from the Sumner County Railroad Company in the consolidation of 1880. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

Southern Kansas and Western Railroad Company, Predecessor of the Kansas City, Lawrence and Southern Kansas Railroad Company
The Southern Kansas and Western Railroad Company was incorporated February 11, 1879, in the State of Kansas. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from its minute book, the accounting records of the successor company, and from other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on December 15, 1880, the date of consolidation, nor, on the other hand, whether it then controlled any other common-carrier corporation.

The property of the company was operated under lease by the Kansas City, Lawrence and Southern Railroad Company from January 1, 1880, the date the first section was placed in operation, to the date of consolidation. The railroad owned on the date of consolidation consisted of 137.51 miles of standard-gauge steam railroad extending from Independence to Harper, Kans., and had been acquired by construction during 1879 and 1880. [...]

Kansas City, Lawrence and Southern Railroad Company, Predecessor of the Kansas City, Lawrence and Southern Kansas Railroad Company
Introductory

The Kansas City, Lawrence and Southern Railroad Company was incorporated in the State of Kansas through articles of consolidation, dated March 19, 1879, filed on March 29, 1879. It was controlled on December 15, 1880, the date of consolidation, by Charles Merriam, trustee, through his holding of a majority of its capital stock. On the other hand, the records reviewed do not indicate that this company then controlled any other common-carrier corporation.

The property of the company was operated by its own organization from the date of its formation to the date of consolidation. Although the company acquired title to its property on March 29, 1879, and conveyed the property to its successor on December 15, 1880, through articles of consolidation filed on the above date, the results of the operation thereof are recorded in its books for the period April 1, 1879, to December 31, 1880. The railroad operated by the company was located in the State of Kansas and amounted to 340.55 miles. The owned mileage amounted to 184.72 miles and consisted of three lines, one extending from Lawrence to Coffeyville, Kans., one from Olathe to North Ottawa, Kans., and the other from Cherryvale to Independence, Kans. The mileage operated under lease amounted to 155.83 miles and consisted of two lines, all in Kansas, one a main line owned by the Southern Kansas and Western Railroad Company, extending from Independence to Harper, Kans., 137.51 miles, and the other a branch line owned by the Sumner County Railroad Company, extending from Wellington to Hunnewell, Kans., 18.32 miles.

Development of Fixed Physical Property

Of the 184.72 miles of railroad owned by the company on the date of the consolidation of 1880, it had acquired 142.82 miles from the Lawrence & Galveston Railroad Company, 32.20 miles from the Kansas City and Santa Fe Railroad Company, and 9.70 miles from the Southern Kansas Rail Road Company in the consolidation of 1879.

Lawrence & Galveston Railroad Company, Predecessor of the Kansas City, Lawrence and Southern Railroad Company
The Lawrence & Galveston Railroad Company was incorporated January 27, 1879, in the State of Kansas. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data given below were obtained from its minute book and from the accounting records of its successor. The records reviewed do not indicate whether this company was controlled by any individual or corporation on March 29, 1879, the date of consolidation, or, on the other hand, whether it then controlled any other common-carrier corporation.

Although the company did not acquire title to its property until March 5, 1879, the property was operated by its own organization from March 1, 1879, to the date of consolidation.

The company owned on the date of consolidation 142.82 miles of railroad extending from Lawrence to Coffeyville, Kans., which it had acquired from the Leavenworth, Lawrence & Galveston Railroad Company through foreclosure and reorganization, under deed dated March 5, 1879. [...]

Leavenworth, Lawrence & Galveston Railroad Company, Predecessor of the Lawrence & Galveston Railroad Company, formerly named Leavenworth, Lawrence & Fort Gibson Railroad Company
The Leavenworth, Lawrence & Galveston Railroad Company was originally incorporated as the Leavenworth, Lawrence & Fort Gibson Railroad Company in the Territory of Kansas on February 12, 1858. The name was changed on February 24, 1866. The accounting records of the company that were obtained, with the exception of a journal covering the operations of the receiver during the period March 10, 1875, to February 28, 1879, are so incomplete that nothing of value could be obtained from them regarding its financial dealings, corporate operations, or investments. However, certain data given below were obtained from its minute book and other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on the date of sale, or, on the other hand, whether it then controlled any other common carrier corporation.

The property of this company was operated by its own organization from the date it was placed in operation until the receivership, March 10, 1875. From that date to February 28, 1879, it was operated by a receiver. Although the property was sold at foreclosure sale, August 9, 1878, and conveyed on October 22, 1878, to interests which conveyed it to the Lawrence & Galveston Railroad Company by deed dated March 5, 1879, the receiver continued to operate the property until February 28, 1879. The railroad operated by the receiver was a steam railroad, located in the State of Kansas, aggregating 184.72 miles. The owned mileage amounted to 142.82 miles and extended from Lawrence to Coffeyville, Kans., and was all acquired by construction. The construction work was performed by William S. Potwin & Company, contractors. The mileage operated under lease amounted to 41.90 miles and consisted of two lines, one extending from Olathe to North Ottawa, Kans., 32.20 miles, and the other extending from Cherryvale to Independence, Kans., 9.70 miles.

Southern Kansas Rail Road Company, Predecessor of the Kansas City, Lawrence and Southern Railroad Company
The Southern Kansas Rail Road Company was incorporated June 26, 1871, in the State of Kansas. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data given below were obtained from its minute book and from the records of the successor company. The records reviewed do not indicate whether the company was controlled by any individual or corporation on March 29, 1879, the date of consolidation, or, on the other hand, whether it then controlled any common-carrier corporation.

The property of the company was operated under lease by the Leavenworth, Lawrence & Galveston Railroad Company and its receiver from the date it was placed in operation to February 28, 1879. Its property was operated by its own organization from March 1, 1879, to the date of consolidation. The company owned on date of consolidation 9.70 miles of railroad, extending from Cherryvale to Independence, Kans., which had been acquired by construction some time prior to 1879.

Kansas City and Santa Fe Railroad Company, Predecessor of the Kansas City, Lawrence and Southern Railroad Company
The Kansas City and Santa Fe Railroad Company was incorporated March 8, 1879, in the State of Kansas. No accounting records of the company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data given below were obtained from its minute book and from the records of the successor company. The records reviewed do not indicate whether the company was controlled by any individual or corporation on March 29, 1879, the date of consolidation, or, on the other hand, whether it then controlled any common-carrier corporation.

The property of the company was operated by its own organization from the date of acquirement thereof to the date of consolidation. The railroad owned on the date of consolidation consisted of 32.20 miles of standard-gauge steam railroad, extending from Olathe to North Ottawa, Kans. This road was acquired from H. H. Hunnewell, Charles Merriam, and Nathaniel Thayer, jr., who had acquired it at foreclosure sale on February 4, 1879, from the Kansas City and Santa Fe Railroad and Telegraph Company.

Kansas City and Santa Fe Railroad and Telegraph Company, Predecessor of the Kansas City and Santa Fe Railroad Company
The Kansas City and Santa Fe Railroad and Telegraph Company was incorporated March 25, 1868, in the State of Kansas. No accounting records of this company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from its minute book and other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on February 4, 1879, the date of sale, or, on the other hand, whether it then controlled any common-carrier corporation.

The property of the company was operated under lease by the Leavenworth, Lawrence & Galveston Railroad Company and its receiver from August 22, 1870, the date it was put in operation, to the date of sale. The railroad consisted of 32.20 miles of standard-gauge steam railroad, extending from Olathe to North Ottawa, Kans., and had been acquired by construction during 1870. The construction work was performed by D. L. Wells & Company, contractors. The contract with D. L. Wells & Company provided that, in consideration of construction, this company would deliver to H. M. Holden, of Kansas City, Mo., as trustee, its capital stock, first-mortgage bonds, and city and county bonds received in aid of construction, such securities to be delivered to contractor as the work progressed.

Sumner County Railroad Company, Predecessor of the Kansas City, Lawrence and Southern Kansas Railroad Company
The Sumner County Railroad Company was incorporated April 5, 1880, in the State of Kansas. No accounting records of the company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from its minute book, the accounting records of the successor company, and from other sources. The company was controlled on December 15, 1880, the date of consolidation, by Charles Merriam, trustee, through the holding of a majority of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any other common-carrier corporation.

The property was operated under lease by the Kansas City, Lawrence and Southern Railroad Company from the date it was placed in operation, June 16, 1880, to the date of consolidation. The railroad owned on the date of consolidation consisted of 18.32 miles of standard-gauge steam railroad extending from Wellington to Hunnewell, Kans., and had been acquired by construction during 1880. [...]

Kansas City and Olathe Railroad Company, Predecessor of the Southern Kansas Railway Company
Introductory

The Kansas City and Olathe Railroad Company was incorporated June 18, 1881, in the State of Kansas. This company was controlled on July 16, 1883, the date of consolidation, by the Kansas City, Lawrence and Southern Kansas Railroad Company through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation.

The property was operated under lease by the Kansas City, Lawrence and Southern Kansas Railroad Company from the date it was placed in operation, June 1, 1882, to the date of consolidation. The railroad owned on the date of consolidation consisted of 14.10 miles of standard-gauge steam railroad, extending from Olathe to Holliday Junction, Kans., which had been acquired by construction. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

Ottawa & Burlington Railroad Company, Predecessor of the Southern Kansas Railway Company
The Ottawa & Burlington Railroad Company was incorporated February 19, 1881, in the State of Kansas. No accounting records of this company were obtained. Therefore no information can be given from its accounts regarding ts financial dealings, corporate operations, or investments. However, certain data given below were obtained from its minute book and from the records, of the Kansas City, Lawrence and Southern Kansas Railroad Company, and the Southern Kansas Railway Company. The company was controlled on July 16, 1883, the date of consolidation, by the Kansas City, Lawrence and Southern Kansas Railroad Company through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation.

The property was operated under lease by the Kansas City, Lawrence and Southern Kansas Railroad Company from April 1, 1881, to the date of consolidation. The railroad consisted of 41.40 miles of standard-gauge steam railroad, extending from Burlington Junction to Burlington, Kans. It had been acquired from Alden Speare and his associates, who had acquired it at a foreclosure sale sale on January 4, 1881, from the Kansas City, Burlington and Santa Fe Railway Company.

Kansas City Burlington and Santa Fe Railway Company, Predecessor of the Ottawa & Burlington Railroad Company
The Kansas City Burlington and Santa Fe Railway Company was incorporated February 4, 1870, in the State of Kansas. No accounting records of this company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from articles of incorporation. The records reviewed do not indicate whether the company was controlled by any individual or corporation on January 4, 1881, the date of sale, or, on the other hand, whether it then controlled any other common-carrier corporation.

The property of the company was operated by its own organization from the date of completion, April 1, 1878, until the receivership, about November 10, 1880. From the latter date until the date of sale its property was operated by a receiver. The purchasers continued to operate the property from date of sale until March 31, 1881. The railroad consisted of 41.40 miles of standard-gauge steam railroad extending from Burlington Junction to Burlington, Kans., and had been acquired by construction during 1877 and 1878. The authorized capital stock was $3,000,000 par value, divided into shares of $100 par value each. How much was actually issued, or the considerations received therefor, was not ascertainable from the records obtained.

The Harper & Western Railroad Company, Predecessor of The Southern Kansas Railway Company
Introductory

The Harper & Western Railroad Company was incorporated July 1, 1884, in the State of Kansas. It was controlled on April 16, 1885, the date of consolidation, by the Atchison Topeka and Santa Fe Rail Road Company through subscription to its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The completed railroad of this company was operated under lease by the Southern Kansas Railway Company from November 10, 1884, the date it was opened for operation to the date of consolidation. The company owned on the date of consolidation 11.46 miles of completed railroad. It consisted of a standard-gauge steam railroad extending from Harper to Attica, Kans. It also had under construction lines extending from Attica, Kans., to the Kansas-Oklahoma State line near Kiowa, Kans., a distance of 22.41 miles, and from Attica to Medicine Lodge, Kans., a distance of 21.01 miles.

Development of Fixed Physical Property

The entire 11.46 miles of railroad and the partially constructed roads owned on the date of consolidation had been acquired by construction. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Burlingame and Northwestern Railway Company
Introductory

The Burlingame and Northwestern Railway Company was incorporated July 29, 1898, in the State of Kansas. It was controlled on April 1, 1899, the date of sale, by the Santa Fe through ownership of a majority of the capital stock. On the other hand, the records reviewed do not indicate that this company itself then controlled any other common-carrier corporation.

The property of this company was operated by its own organization from August 1, 1898, to date of sale. The railroad operated on date of sale amounted to 34.23 miles, all owned. It consisted of a single-track standard-gauge steam railroad, wholly within the State of Kansas and extending from Burlingame to Alma.

Development of Fixed Physical Property

The 34.23 miles of road had been acquired through reorganization after foreclosure sale of the Manhattan Alma and Burlingame Railway Company, under deed dated July 30, 1898. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

Manhattan Alma and Burlingame Railway Company, Predecessor of The Burlingame and Northwestern Railway Company
Introductory

The Manhattan Alma and Burlingame Railway Company was incorporated September 3, 1872, in the State of Kansas. It was controlled on April 18, 1898, the date of sale, by the Santa Fe, through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company itself then controlled any other common-carrier corporation.

The property of this company was operated by its own organization from August 1, 1880, the date it was placed in operation, until the receivership, February 1, 1895. From the latter date to July 31, 1898, the property was operated by a receiver. The company owned on date of sale 56.62 miles of standard-gauge railroad, extending from Burlingame to Manhattan, all in the State of Kansas.

Development of Fixed Physical Property

The 56.62 miles of road had been acquired by construction during 1880. The property of this company was sold under foreclosure proceedings to Adiel Sherwood on April 18, 1898, who deeded that portion of the property extending from Burlingame to Alma, Kans., 34.23 miles, to The Burlingame and Northwestern Railway Company on July 30, 1898. The remainder of the road, which extended from Alma to Manhattan, Kans., 22.39 miles, was abandoned by Sherwood on August 1, 1898. The salvage recovered was accounted for in the books of the Santa Fe. Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Silver City and Northern Rail Road Company
The Silver City and Northern Rail Road Company was incorporated March 13, 1891, in the Territory of New Mexico. No accounting records of this company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments.

The property of this company was operated by its own organization from the date it was placed in operation during 1891 to March 31, 1897, and by the Santa Fe, as lessee, from April 1, 1897, to April 15, 1899, the date of sale. This company owned on date of sale about 13.55 miles of railroad extending from Whitewater to San Jose, N. Mex., which it had constructed during 1891.

The Kansas & Southeastern Railroad Company
The Kansas & Southeastern Railroad Company was incorporated August 16, 1897, in the State of Kansas. It was controlled on December 20, 1899, the date of sale, by the Santa Fe through ownership of its capital stock. On the other hand the records reviewed do not indicate that this company itself then controlled any other common-carrier corporation. No accounting records of this company were obtained. Therefore no information can be given regarding its financial dealings, corporate operations, or investments.

The property of this company was operated by the receiver of The St. Louis, Kansas and Southwestern Railroad Company from 1898 to February 19, 1899, and by the Santa Fe from February 20, 1899, to date of sale. This company owned on date of sale about 9.07 miles of railroad extending from the Kansas Oklahoma State line near Hunnewell, Kans., to Braman, Okla., which it had constructed during 1898.

The Hutchinson and Southern Railway Company
Introductory

The Hutchinson and Southern Railway Company was incorporated December 21, 1897, in the State of Kansas.

It was controlled on December 20, 1899, the date of sale, by the Santa Fe through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any other common-carrier corporation.

The property of the company was operated by its own organization from the date of acquirement thereof to the date of sale. Although the property was not conveyed to the Santa Fe until December 20, 1899, the company discontinued the recording of the results of corporate operations in its books of account on September 30, 1899. The railroad operated on date of sale amounted to 141.36 miles, all owned. It consisted of a single-track standard-gauge steam railroad, extending from Hutchinson, Kans., to Ponca City, Okla.

Development of Fixed Physical Property

Of the 141.36 miles of road, the company had acquired 88.14 miles from The Hutchinson & Southern Railroad Company, 38.74 miles from the Gulf Railroad Company, and 14.48 miles by construction. The minute book indicates that the construction work was performed by W. A. Bradford, jr., contractor, who does not appear to have been affiliated with the company. Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Hutchinson & Southern Railroad Company, Predecessor of The Hutchinson and Southern Railway Company
The Hutchinson & Southern Railroad Company was incorporated under the general laws of the State of Kansas through articles of consolidation, dated October 5, 1889, filed October 7, 1889. No accounting records of this company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. Certain information stated below was obtained from the accounting records of the successor company and other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on January 21, 1898, the date of sale, or, on the other hand, whether it then controlled any common-carrier corporation.

The property of this company was operated by its own organization from the date it was placed in operation until the receivership, August 9, 1893. From the latter date until February 28, 1898, the property was operated by receivers. The railroad owned on date of sale amounted to 88.14 miles. It consisted of a single-track standard-gauge steam railroad extending from Hutchinson, Kans., to Wakita, Okla. The entire road had been acquired by construction. It is not known whether the construction work was performed by the company's forces or by contract. Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Hutchinson, Oklahoma and Gulf Railway Company, Predecessor of The Hutchinson & Southern Railroad Company
The Hutchinson, Oklahoma and Gulf Railway Company was incorporated March 7, 1889, in the State of Kansas. No accounting records of this company were obtained. Therefore no information can be given from the accounts regarding its financial dealings or investments. The records reviewed do not indicate whether the company was controlled by any individual or corporation on October 7, 1889, the date of consolidation, or, on the other hand, whether it then controlled any common-carrier corporation. The company owned no common-carrier property on the date of consolidation.

The McPherson Texas and Gulf Railroad Company, Predecessor of The Hutchinson & Southern Railroad Company
The McPherson Texas and Gulf Railroad Company was incorporated May 31, 1887, in the State of Kansas. No accounting records of this company were obtained. Therefore no information can be given from its accounts regarding its financial dealings or investments. The records reviewed do not indicate whether the company was controlled by any individual or corporation on October 7, 1889, the date of consolidation, or, on the other hand, whether it then controlled any common-carrier corporation. The company owned no common-carrier property on the date of consolidation.

Gulf Railroad Company, Predecessor of The Hutchinson and Southern Railway Company
The Gulf Railroad Company was incorporated September 24, 1896, in the Territory of Oklahoma. No accounting records of the company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data given below were obtained from other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on November 13, 1899, the date of sale, or, on the other hand, whether it then controlled any common-carrier corporation.

The property was operated under lease by the receivers of The Hutchinson & Southern Railroad Company from the date its first section of road was placed in operation, March 1, 1897, to February 28, 1898. From the latter date until the date of sale its property was operated by The Hutchinson and Southern Railway Company. This company owned 38.74 miles of single-track standard-gauge steam railroad between Wakita and Blackwell, Okla., which was sold to The Hutchinson and Southern Railway Company in two sections. The section of 26.61 miles between Medford and Blackwell was sold on March 22, 1898, and the remaining section of 12.13 miles between Wakita and Medford was sold on November 13, 1899. This property had been acquired by construction during 1897 and 1898. It is not known whether the construction work was performed by the company's own forces or by contract.

The Santa Rita Railroad Company
Introductory

The Santa Rita Railroad Company was incorporated December 24, 1897, in the Territory of New Mexico. It was controlled on January 13, 1900, the date of sale, by the Santa Fe through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company itself controlled any other common-carrier corporation.

The property was operated by the Santa Fe from the date it was completed to the date of sale. The railroad owned on date of sale amounted to 4.28 miles. It consisted of a single-track standard-gauge steam railroad, extending from San Jose to Santa Rita, N. Mex., and had been constructed by the forces of the Santa Fe during the fall of 1898.

The Denver and Santa Fe Railway Company
Introductory

The Denver and Santa Fe Railway Company was incorporated March 22, 1887, in the State of Colorado. It was controlled on January 19, 1900, the date of sale, by the Santa Fe through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any other common-carrier corporation.

The property was operated under lease by the Atchison Topeka and Santa Fe Rail Road Company and its receivers from the date it was completed to December 31, 1895. From the latter date to date of sale it was operated by the Santa Fe. Although the property was not conveyed to the Santa Fe until January 19, 1900, the results of corporate operations are not recorded in the books of the company subsequently to December 31, 1888, and all other accounts are closed as of December 31, 1889. All accounting subsequently to those dates is included in the accounts of the lessees. The railroad owned on date of sale amounted to 116.12 miles. It consisted of a standard-gauge steam railroad, extending from Pueblo to Denver, Colo., and had been acquired by construction during 1887. On June 3, 1887, the company acquired 8.01 miles of switching tracks and other terminal facilities at Denver, Colo. from The Denver Circle Rail Road Company. These tracks were taken up during April and May, 1898, and the line was abandoned.

The Denver Circle Rail Road Company, Predecessor of The Denver and Santa Fe Railway Company
The Denver Circle Rail Road Company was incorporated November 16, 1880, in the State of Colorado. No accounting records of the company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data given below were obtained from its minute book and the records of the successor company. The records reviewed do not indicate whether the company was controlled by any individual or corporation on October 18, 1886, the date of sale, or, on the other hand, whether it then controlled any other common-carrier corporation.

The property of this company was operated by its own organization and its receiver from the date of acquirement thereof to date of sale. The railroad consisted of 8.01 miles of narrow-gauge switching tracks and other facilities in and around the city of Denver, Colo. The entire road had been acquired by construction during 1881. The minute book referred to states that a contract was entered into with The Denver Circle Railroad Construction Company, contractors, under the terms of which the contractors were to receive $875,000 par value of capital stock and $950,000 par value of first-mortgage bonds for the construction of the road. The minute book also states that certain individuals, most of whom were incorporators of this company, secured franchises and lands and advanced funds for the construction of 2.5 miles of road, for which they were to receive $50,000 par value of capital stock and receive first-mortgage bonds at the rate of $20,000 per mile of completed road. [...]

Hanover Railroad Company
Introductory

The Hanover Railroad Company was incorporated May 1, 1899, in the Territory of New Mexico.

It was controlled on January 19, 1900, the date of sale, by the Santa Fe in consequence of advances made for construction. On the other hand, the records reviewed do not indicate that this company controlled any other common-carrier corporation.

The property of this company was operated under lease by the Santa Fe from the date it was placed in operation to date of sale. The railroad consisted of 6.18 miles of single-track standard-gauge steam railroad, extending from Hanover Junction to Fierro, N. Mex., which had been constructed by the Santa Fe in 1899.

The Pueblo and Arkansas Valley Railroad Company (of 1878)
Introductory

The Pueblo and Arkansas Valley Railroad Company (of 1878) was incorporated under the general laws of Colorado through articles of consolidation, dated September 5, 1878, filed September 12, 1878. It was controlled on January 19, 1900, the date of sale, by the Santa Fe through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any other common-carrier corporation.

The property was operated under lease by the Atchison Topeka and Santa Fe Rail Road Company and its receivers from the date of acquirement thereof to December 31, 1895. From the latter date to the date of sale it was operated by the Santa Fe. Although the company acquired title to its property on September 12, 1878, it did not commence recording the results of corporate operations in its books until October 1, 1878, and although it did not convey its property to the Santa Fe until January 19, 1900, it stopped recording the results of corporate operations and expenditures for additions and betterments on December 31, 1888, and September 30, 1889, respectively. Such accounting subsequently to those dates is included in the accounts of the Atchison Topeka and Santa Fe Rail Road Company and the Santa Fe. The company owned on the date of sale 290.08 miles of standard-gauge steam railroad, consisting of a main line extending from the Colorado-Kansas State line to Canon City, with branches extending from Clelland to Rockvale and from La Junta to the Colorado-New Mexico State line, all within the State of Colorado.

Development of Fixed Physical Property

Of the 290.08 miles of road owned by the company on the date of sale, it had acquired 150.79 miles from The Pueblo and Arkansas Valley Railroad Company (of September, 1875), 6.83 miles by construction, and 132.46 miles by completion of construction begun by The Pueblo and Arkansas Valley Railroad Company (of September, 1875).

In addition, the company continued the construction work begun by its predecessors on a railroad to extend from Canon City, Colo., up the valley and Grand Canyon of the Arkansas River until the work was discontinued during 1879, due to litigations with the Denver and Rio Grande Railway Company as to the rights of this company to construct a railroad through the Grand Canyon. This company had completed the road between Canon City and Texas Creek, Colo., and had graded a roadbed from Texas City to a point near Leadville, Colo. On March 27, 1880, the company conveyed all its rights, title, and interests in this line to the Denver and Rio Grande Railway Company. It received from the Denver and Rio Grande Railway Company $1,400,000 cash, of which $1,297,770.87 represented expenditures made on the property and $102,229.13 represented construction material which had been delivered, but not charged in the accounts.

Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Pueblo and Arkansas Valley Railroad Company (of September, 1875), Predecessor of The Pueblo and Arkansas Valley Railroad Company (of 1878)
Introductory

The Pueblo and Arkansas Valley Railroad Company (of September, 1875) was incorporated under the general laws of the Territory of Colorado through articles of consolidation, dated April 19, 1875, filed September 29, 1875. The records reviewed do not indicate that the company was controlled by any individual or corporation on September 12, 1878, the date of consolidation, or, on the other hand, that it then controlled any other common-carrier corporation.

The property was operated by the Atchison Topeka and Santa Fe Rail Road Company from the date of acquirement thereof to the date of consolidation. Although the company acquired title to its property on September 29, 1875, it did not commence recording the results of corporate operations in its books until July 1, 1876, and although its property was conveyed to The Pueblo and Arkansas Valley Railroad Company (of 1878) on September 12, 1878, the results of corporate operations to September 30, 1878, are recorded in its books of account.

The company owned on the date of consolidation, 150.79 miles of standard-gauge railroad extending from a connection with the railroad of the Atchison Topeka and Santa Fe Rail Road Company at the Kansas-Colorado State line to Pueblo, Colo., and 96.19 miles of partially constructed standard-gauge line between La Junta, Colo., and the Colorado-New Mexico State line. In addition, this company had acquired certain right of way, made preliminary survey, and done some grading for a railroad to extend from Pueblo to Rockvale, Colo. It also had made surveys and done some grading for a railroad to extend from Canon City, Colo., up the valley and Grand Canyon of the Arkansas River towards Texas Creek and Leadville, Colo.

Development of Fixed Physical Property Of the 150.79 miles of completed road owned by the company on the date of consolidation, it had acquired 54.62 miles from The Pueblo and Arkansas Valley Railroad Company (of March, 1875), 10.83 miles from the Colorado and New Mexico Railroad Company, and 85.34 miles by completion of construction begun by the Pueblo and Salt Lake Railway Company and The Pueblo and Arkansas Valley Railroad Company (of March, 1875). The work of completing this line was performed by forces of the Commonwealth Contract Company, an affiliated company whose principal stockholders were also officials of the Atchison Topeka and Santa Fe Rail Road Company. In addition, The Pueblo and Arkansas Valley Railroad Company (of September, 1875), during 1878, had partially constructed 96.19 miles of road, had acquired certain right of way, made preliminary survey, and done some grading for a railroad to extend from Pueblo to Rockvale, Colo., and also had made surveys and done some grading for a railroad to extend from Canon City, Colo., up the valley and Grand Canyon of the Arkansas River towards Texas Creek and Leadville, Colo. Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Pueblo and Arkansas Valley Railroad Company (of March, 1875), Predecessor of The Pueblo and Arkansas Valley Railroad Company (of September, 1875)
Introductory

The Pueblo and Arkansas Valley Railroad Company (of March, 1875) was incorporated March 24, 1875, in the Territory of Colorado. It was controlled on September 29, 1875, the date of consolidation, by the Atchison Topeka and Santa Fe Rail Road Company in consequence of advances made for construction. On the other hand, the records reviewed do not indicate that this company controlled any other common-carrier corporation.

The property was operated under lease by the Atchison Topeka and Santa Fe Rail Road Company from September 15, 1875, the date it was placed in operation, to the date of consolidation. The railroad owned on the date of consolidation consisted of 54.62 miles of standard-gauge steam railroad extending from Granada to West Las Animas, and an undetermined amount of uncompleted road between West Las Animas and Pueblo, all within the Territory of Colorado. This entire property had been acquired by construction. Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

Colorado and New Mexico Railroad Company, Predecessor of The Pueblo and Arkansas Valley Railroad Company (of September, 1875)
The Colorado and New Mexico Railroad Company was incorporated July 5, 1873, in the Territory of Colorado. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data given below were obtained from its minute book. It was controlled on September 29, 1875, the date of consolidation, by the officials of the Atchison Topeka and Santa Fe Rail Road Company through ownership of a majority of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any other common-carrier corporation.

The property was operated under lease by the Atchison Topeka and Santa Fe Rail Road Company from the date it was placed in operation to the date of consolidation. The railroad consisted of 10.83 miles of single-track standard-gauge steam railroad, extending from a connection with the road of the Atchison Topeka and Santa Fe Rail Road Company at the Colorado-Kansas State line to Granada, Colo., which had been acquired by construction in 1873.

[...]

In connection with the construction of the property of this company its minute book states that the Atchison Topeka and Santa Fe Rail Road Company furnished material of the value of $125,862.93 and advanced cash of $62,500, which were used in the construction of this property. A lease of July 7, 1873, under which the property of this company was operated by the Atchison Topeka and Santa Fe Rail Road Company, mentions the same amounts.

Pueblo and Salt Lake Railway Company, Predecessor of The Pueblo and Arkansas Valley Railroad Company (of September, 1875)
The Pueblo and Salt Lake Railway Company was incorporated December 13, 1873, in the Territory of Colorado. No accounting records of the company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from its minute book. It was controlled on September 29, 1875, the date of consolidation, by officials of the Atchison Topeka and Santa Fe Rail Road Company through ownership of a majority of its outstanding capital stock. On the other hand, the records reviewed do not indicate that this company controlled any other common-carrier corporation. An undetermined amount of uncompleted construction work was performed for this company by independent contractors between West Las Animas and Pueblo, Colo. Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Canon City and San Juan Railway Company, Predecessor of The Pueblo and Arkansas Valley Railroad Company (of 1878)
The Canon City and San Juan Railway Company was incorporated February 19, 1877, in the State of Colorado. No general accounting records of the company were obtained. Therefore no information can be given from its general accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from its minute books and construction records. The records reviewed do not indicate whether the company was controlled by any individual or corporation on September 12, 1878, the date of consolidation, or, on the other hand, whether it then controlled any other common-carrier corporation. The company owned on the date of consolidation certain right of way, had made surveys, and had done some grading and other construction work for a railroad to extend from Canon City, Colo., up the valley and Grand Canyon of the Arkansas River towards Texas Creek and Leadville, Colo.

The Blackwell and Southern Railway Company
The Blackwell and Southern Railway Company was incorporated June 2, 1899, in the Territory of Oklahoma. The records reviewed do not indicate whether this company was controlled by any individual or corporation on January 26, 1900, the date of sale, or, on the other hand, whether it then controlled any other common-carrier corporation.

The property was operated by the Santa Fe from August 7, 1899, the date its construction was completed, to date of sale. The railroad consisted of 15.95 miles of single-track railroad extending from Braman to Tonkawa, Okla., all of which had been acquired by construction. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

St. Joseph, St. Louis and Santa Fe Railway Company, Formerly Named St. Joseph & Santa Fe Railroad Company
Introductory

The St. Joseph, St. Louis and Santa Fe Railway Company was originally incorporated in the State of Missouri on August 8, 1887, as the St. Joseph & Santa Fe Railroad Company. The name was changed on January 30, 1888. No entries were made in the accounts of this company after the property was leased to the Atchison Topeka and Santa Fe Rail Road Company in 1890. It was controlled on June 1, 1900, the date of sale, by the Santa Fe through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation.

The property of the company was operated by its own organization from February 1, 1888, the date it was acquired, to December 31, 1889. From January 1, 1890, to date of sale it was operated under lease by the Atchison Topeka and Santa Fe Rail Road Company and its receivers, and the Santa Fe. The property owned on date of sale consisted of 76.23 miles of railroad extending from St. Joseph to North Lexington, Mo.

Development of Fixed Physical Property

This company acquired 76.14 miles of road from The Saint Joseph and St. Louis Railroad Company, and constructed 19 miles between St. Joseph and Winthrop, Mo., during 1887 and 1888. It abandoned 18.91 miles of the line which it had constructed, leaving 76.23 miles owned on date of sale. Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Saint Joseph and St. Louis Railroad Company, Predecessor of the St. Joseph, St. Louis and Santa Fe Railway Company
Introductory

The Saint Joseph and St. Louis Railroad Company was incorporated March 19, 1874, in the State of Missouri. The accounting records of the company that were obtained cover the period from July 1, 1886, to January 31, 1888, the date of sale. However, certain data relating to the period from the date of incorporation to July 1, 1886, obtained from the records of the successor company and the Atchison Topeka and Santa Fe Rail Road Company, have been included herein. It was controlled on the date of sale by the Atchison Topeka and Santa Fe Rail Road Company through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation.

The property was operated under lease by the St. Louis, Kansas City and Northern Railway Company from March 20, 1874, the date it was acquired, to June 30, 1886, and by its own organization from July 1, 1886, to date of sale. The property owned by the company consisted of 76.14 miles of railroad extending from St. Joseph to North Lexington, Mo., and had been acquired from The Saint Louis and Saint Joseph Railroad Company through foreclosure and reorganization, under deed dated March 20, 1874.

The Saint Louis and Saint Joseph Railroad Company, Predecessor of The Saint Joseph and St. Louis Railroad Company
The Saint Louis and Saint Joseph Railroad Company was incorporated January 8, 1868, in the State of Missouri. No accounting records of the company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated herein were taken from the records of the Santa Fe. It was not determined whether or not this company was controlled by any individual or corporation on March 18, 1874, the date of sale, since the records reviewed do not indicate whether or not any capital stock was issued. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation.

The property of this company was operated under lease by the North Missouri Railroad Company from 1870, when its construction was completed, to date of sale, and consisted of 76.14 miles of railroad extending from St. Joseph to North Lexington, Mo., which it had constructed in 1870. [...]

The Mississippi River Railroad & Toll Bridge Company
Introductory

The Mississippi River Railroad & Toll Bridge Company was incorporated October 23, 1886, in the State of Illinois. It was controlled on June 1, 1900, the date of sale, by the Chicago, Santa Fe and California Railway Company through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company then controlled any common-carrier corporation.

The property was operated by the Chicago, Santa Fe and California Railway Company as agent for the Atchison Topeka and Santa Fe Rail Road Company from July 1, 1888, the date it was put in operation, until September 30, 1889. From the latter date until the date of sale its property was operated by the Atchison Topeka and Santa Fe Rail Road Company and its successor, the Santa Fe. The property owned on date of sale consisted of a bridge over the Mississippi River at Fort Madison, Iowa, together with 0.61 mile of track, of which 0.51 mile was located in Illinois and 0.10 mile was located in Iowa. This property had been acquired by construction. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

Chicago, Santa Fe and California Railway Company
Introductory

The Chicago, Santa Fe and California Railway Company was incorporated December 4, 1886, in the State of Illinois. It was controlled on June 1, 1900, the date of sale, by the Santa Fe through ownership of its capital stock. On the other hand, the company itself controlled, through ownership of the entire capital stock of each, The Mississippi River Railroad & Toll Bridge Company and The Sibley Bridge Company, whose properties it operated as agent for the Atchison Topeka and Santa Fe Rail Road Company during the period July 1, 1888, to September 30, 1889.

The property of this company was separately operated under lease to the Atchison Topeka and Santa Fe Rail Road Company from the date of acquirement thereof to September 30, 1889. From the latter date to the date of sale it was operated under lease by the Atchison Topeka and Santa Fe Rail Road Company and its successor, the Santa Fe. Although this company did not convey its property to the Santa Fe until June 1, 1900, it discontinued recording the results of corporate operations and expenditures for improvements to its property in its books on September 30, 1889. All such accounting subsequently to that date is inseparably included in the accounts of the lessees. The railroad operated by this company on the date of sale amounted to 490.08 miles. It consisted of a standard-gauge steam railroad, extending from a connection with the road of the Atchison Topeka and Santa Fe Rail Road Company in Chicago, at Crawford Avenue, Chicago, Ill., to Big Blue Junction, Mo., excepting the bridges over the Mississippi River and the Missouri River at Fort Madison, Iowa, and near Sibley, Mo., respectively. A branch line extended in two disconnected sections from Ancona to Streator Junction, Ill., and from Pekin Junction to Pekin, Ill. Connection between these two lines was effected through the use of the tracks of others.

Development of Fixed Physical Property

Of the 490.08 miles of road owned by the company on the date of sale, it had acquired 140.16 miles from The Chicago and St. Louis Railway Company, 213.07 miles by completion of construction begun by the Chicago, Santa Fe and California Railway Company of Iowa, and 136.85 miles by construction. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Chicago and St. Louis Railway Company, Predecessor of the Chicago, Santa Fe and California Railway Company
The Chicago and St. Louis Railway Company was incorporated March 13, 1885, in the State of Illinois. No accounting records of the company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from its minute book and the records of the successor company. The records reviewed do not indicate whether this company was controlled by any individual or corporation on December 15, 1886, the date of sale, or, on the other hand, whether it then controlled any other common-carrier corporation.

The property of the company was operated by its own organization from the date of acquirement thereof to the date of sale. On date of sale, the company owned 140.16 miles of standard-gauge steam railroad, all of which had been acquired by purchase from the Chicago, St. Louis and Western Railroad Company.

[...]

Chicago, St. Louis and Western Railroad Company, Predecessor of the Chicago and St. Louis Railway Company
The Chicago, St. Louis and Western Railroad Company was incorporated May 15, 1882, in the State of Illinois. No accounting records of the company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from its minute book and from the accounting records of the successor company. The records reviewed do not indicate whether this company was controlled by any individuals or corporations on March 23, 1885, the date of sale, or, on the other hand, whether it then controlled any other common-carrier corporation.

It owned on the date of sale 140.16 miles of single-track standard-gauge steam railroad. Of this, it acquired 80 miles from the Chicago, Pekin and Southwestern Railroad Company and 60.16 miles by construction. The construction work of the Chicago, St. Louis and Western Railroad Company was performed by F. E. Hinckley, a contractor. Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

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Chicago, Pekin and Southwestern Railroad Company, Predecessor of the Chicago, St. Louis and Western Railroad Company, Formerly Named Chicago, Plainfield and Pekin Railroad Company, Originally Named Chicago & Plainfield Railroad Company===== Introductory

The Chicago, Pekin and Southwestern Railroad Company was incorporated in the State of Illinois on February 24, 1859, as the Chicago & Plainfield Railroad Company. The name of the latter was changed to the Chicago, Plainfield and Pekin Railroad Company on March 29, 1869, which was in turn changed to the Chicago, Pekin and Southwestern Railroad Company on April 19, 1869. No accounting records of the company for the period from the date of its organization to December 31, 1875, were obtained. For that reason only partial information can be given from the accounts in connection with its financial dealings, corporate operations, or investments. Certain information indicated hereinafter pertaining to the period first mentioned has been taken from the minute book. The records reviewed do not indicate that the company was controlled by any individual or corporation on May 31, 1881, the date of sale, or, on the other hand, that it then controlled any other common-carrier corporation.

The property was operated by the company's own organization from the date of acquirement thereof until the receivership June 19, 1877. From the latter date until December 31, 1883, the property was operated by receivers. The railroad operated by the receivers of and owned by the Chicago, Pekin and Southwestern Railroad Company on the date of sale amounted to 80 miles. It consisted of two sections of single-track standard-gauge steam railroad, connection between which was afforded only through trackage rights. One section extended from Pekin to Pekin Junction, Ill., the other from Streator Junction to Mason River Bridge, Ill. This company jointly used about 6 miles of the road of others between Pekin Junction and Streator Junction, Ill.

Development of Fixed Physical Property

The entire 80 miles of railroad owned on the date of sale had been acquired by construction. The minute book indicates that the original construction work was performed by Pierce, Clark and Sharp, contractors, under contract dated August 21, 1869, and that on August 1, 1871, this contract was assigned to Ralph Plumb, contractor, who completed the construction of the road. Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

Chicago, Santa Fe and California Railway Company of Iowa, Predecessor of the Chicago, Santa Fe and California Railway Company
The Chicago, Santa Fe and California Railway Company of Iowa was incorporated December 13, 1886, in the State of Iowa. The records reviewed do not indicate that it was controlled by any individual or corporation on July 15, 1887, the date of sale, or, on the other hand, that it then controlled any other common-carrier corporation.

The company owned on date of sale a partly constructed road between the west end of the bridge across the Mississippi River at Fort Madison, Iowa, and Big Blue Junction, Mo., not including the bridge across the Missouri River near Sibley, Mo., 213.07 miles, which had been acquired by construction during 1887. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Sibley Bridge Company
Introductory

The Sibley Bridge Company was incorporated March 24, 1887, in the State of Missouri. It was controlled on June 1, 1900, the date of sale, by the Chicago, Santa Fe and California Railway Company through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company then controlled any other common-carrier corporation.

The property was operated from July 1, 1888, the date its construction was completed, to September 30, 1889, by the Chicago, Santa Fe and California Railway Company as agent for the Atchison Topeka and Santa Fe Rail Road Company. From October 1, 1889, to date of sale the property was operated by the Atchison Topeka and Santa Fe Rail Road Company, its receivers, and the Santa Fe. The property consisted of a bridge over the Missouri River near Sibley, Mo., together with 0.76 mile of track which had been acquired by construction. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Kansas Oklahoma Central and South-western Railway Company
Introductory

The Kansas Oklahoma Central and South-western Railway Company was incorporated June 14, 1893, in the then Territory of Oklahoma, and on August 17, 1894, in the State of Kansas. Although this company's property, rights, and franchises were sold at foreclosure sale on June 29, 1900, and conveyed to the Santa Fe on July 2, 1900, its accounts were continued to June 30, 1901. This company was controlled by local interests until February 18, 1899, after which date it was controlled by the Santa Fe through ownership of a majority of its outstanding capital stock. On the other hand, the records reviewed do not indicate that this company itself controlled any other common-carrier corporation.

Its property was always operated under lease by the Santa Fe. The railroad owned on date of sale was a single-track standard-gauge steam railroad aggregating 56.85 miles, extending from the Kansas-Oklahoma State line, near Caney, Kans., to Owasso, Okla.

Development of Fixed Physical Property

The owned mileage, amounting to 56.85 miles, was constructed in 1899, and was turned over to the Santa Fe for operation by sections on August 1, 1899, and November 1, 1899. Some preliminary construction work was performed by independent contractors prior to February, 1899, after which date the construction was completed through advances made by the Santa Fe.

The San Francisco and San Joaquin Valley Railway Company
Introductory

The San Francisco and San Joaquin Valley Railway Company was incorporated February 26, 1895, in the State of California. Its property was conveyed to its successor by deed dated April 1, 1901, but the accounts of the company for the results of corporate operations continued to June 30, 1902, and other accounts were not closed until that date. The accounting data in this report, therefore, cover the period to June 30, 1902. The company was controlled on April 1, 1901, the date of sale, by the Santa Fe through ownership of a majority of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation.

The property of the company, with exception of the portion extending from Bakersfield to Kern Junction, a distance of about 2 miles, was operated by its own organization from the date it was placed in operation, July 1, 1900, to the date of sale. The excepted portion was leased to the Santa Fe Pacific Railroad Company. This railroad was a single-track standard-gauge steam railroad located in the State of California, aggregating approximately 372.60 miles. The owned mileage amounted to 374.60 miles and consisted of a main line extending from Point Richmond to Kern Junction and a branch line extending from Calwa Junction to Corcoran Junction, Calif. The company used under lease from the State of California certain lands at San Francisco, Calif., forming a part of what is known as the "China Basin property." It also operated as agent for the Santa Fe certain terminal facilities in San Francisco and certain floating equipment that was leased by the Santa Fe from The Santa Fe Terminal Company of California.

Development of Fixed Physical Property

The entire 374.60 miles of road owned by the company on the date of sale had been acquired by construction. It is not known whether the construction work was performed by the company's forces or by contract. Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

Florence, El Dorado and Walnut Valley Railroad Company
Introductory

The Florence, El Dorado and Walnut Valley Railroad Company was incorporated March 10, 1877, in the State of Kansas. Although this company did not convey its property to the Santa Fe until April 10, 1901, it discontinued its accounts after September 30, 1889. The company was controlled through owner ship of its capital stock by the Atchison Topeka and Santa Fe Rail Road Company and by that company's successor, the Santa Fe. On the other hand, the records reviewed do not indicate that this company itself controlled any other common-carrier corporation.

The property was operated under lease by the Atchison Topeka and Santa Fe Rail Road Company and its receivers from August 1, 1877, the date the first section of road was placed in operation, to December 31, 1895, and by the Santa Fe from January 1, 1896, to the date of sale. The railroad owned on date of sale amounted to 71.58 miles, and extended from Florence to Winfield, all in Kansas.

Development of Fixed Physical Property

The 71.58 miles of road owned on date of sale was constructed by or for the company during the years 1877 to 1886, inclusive. The first section between Florence and Eldorado was constructed under contract dated June 28, 1877, by the Walnut Valley Construction Company, and was opened for operation on August 1, 1877. The section between Eldorado and Douglas was constructed under contract by the Atchison Topeka and Santa Fe Rail Road Company, and the section between Douglas and Winfield was constructed by the company itself. These two latter sections were opened for operation on August 1, 1881, and November 1, 1886, respectively.

The Chicago, Kansas & Western Railroad Company
Introductory

The Chicago, Kansas & Western Railroad Company was incorporated May 31, 1886, under the general laws of the State of Kansas, as a consolidation of 10 corporations named below:
 * The Arkansas River and Western Railroad Company.
 * The Chicago, Kansas & Western Railway Company.
 * Colony Neosho Falls and Western Railroad Company.
 * Emporia & Eldorado Short Line Railroad Company.
 * The Independence & South-Western Railroad Company.
 * Kansas, Oklahoma and Texas Railway Company.
 * Leroy & Western Railway Company.
 * Ottawa, Osage City and Council Grove Rail Road Company.
 * The Pawnee Valley and Denver Railroad Company.
 * The Walnut Valley & Colorado Railroad Company.

Although the company did not convey its property, rights, and franchises to the Santa Fe until April 10, 1901, it discontinued its accounts after September 30, 1889. It was incorporated in the interest of the Atchison Topeka and Santa Fe Rail Road Company, and was always controlled through stock ownership by that company or its successor, the Santa Fe. On the other hand, the records reviewed do not indicate that the company itself controlled any other common-carrier corporation.

The property was operated by or for it to September 30, 1889, and was operated under lease by the Atchison Topeka and Santa Fe Rail Road Company and that company’s successor, the Santa Fe, from October 1, 1889, to date of sale. The railroad owned on date of sale was a standard-gauge steam railroad aggregating 887.13 miles, located in the State of Kansas, and comprising branch lines extending from Hutchinson to Kinsley, Chanute to Longton, Augusta to Mulvane, Independence to Havana, Osage City to Quenemo, Abilene to Salina, Manchester to Barnard, Little River to Holyrood, Burlington to Gridley, Colony to Yates Center, Benedict Junction to Madison Junction, Havana to Cedarvale, Mulvane to Englewood, Larned to Jetmore, Great Bend to Scott City, Bazar to Gladstone, Gladstone to Strong City, and Neva to Kansas-Nebraska State line.

Development of Fixed Physical Property

The 887.13 miles of road owned on date of sale was acquired as follows: According to the construction records examined, the Atchison Topeka and Santa Fe Rail Road Company had performed certain construction work for the predecessor companies of The Chicago, Kansas & Western Railroad Company prior to May 31, 1886, the date those companies consolidated to form The Chicago, Kansas & Western Railroad Company. The construction of the lines was completed after May 31, 1886, and is represented in the 907.15 miles of road shown above as acquired by construction. Further details with respect to the construction of this property are given in the section devoted to development of fixed physical property in the report on the Santa Fe.

The Arkansas River and Western Railroad Company, Predecessor of The Chicago, Kansas & Western Railroad Company
The Arkansas River and Western Railroad Company was incorporated August 4, 1885, under the general laws of the State of Kansas. It was authorized to construct a line of railroad extending from Hutchinson to Kinsley, Kans., a distance of about 84 miles. No accounting records of this company have been obtained, and there is no record that it had constructed any completed road or had actually issued any securities on May 31, 1886, the date of its consolidation with nine other corporations to form The Chicago, Kansas & Western Railroad Company. It was incorporated and controlled by or in the interests of the Atchison Topeka and Santa Fe Rail Road Company. Certain expenditures incurred by the Atchison Topeka and Santa Fe Rail Road Company for preliminary engineering, right of way, or for construction on the projected line of this company were treated by The Chicago, Kansas & Western Railroad Company as its own obligation, which it liquidated in the settlement for construction work done on its own account after the date of consolidation.

The Chicago, Kansas & Western Railway Company, Predecessor of The Chicago, Kansas & Western Railroad Company
The Chicago, Kansas & Western Railway Company was incorporated November 21, 1885, under the general laws of the State of Kansas. It was authorized to construct a line of railroad extending from Burlington to Gridley, Concordia to Kansas-Nebraska State line, Benedict Junction to Madison Junction, a total distance of about 90 miles, all in the State of Kansas. No accounting records of this company have been obtained, and there is no record that it had constructed any completed road or had actually issued any securities on May 31, 1886, date of its consolidation with nine other corporations to form The Chicago, Kansas & Western Railroad Company. It was incorporated and controlled by or in the interests of the Atchison Topeka and Santa Fe Railroad Company. Certain expenditures incurred by the Atchison Topeka and Santa Fe Rail Road Company for preliminary engineering, right of way, or for construction on the projected line of this company were treated by The Chicago, Kansas & Western Railroad Company as its own obligation, which it liquidated in the settlement for construction work done on its own account after the date of consolidation.

Colony Neosho Falls and Western Railroad Company, Predecessor of The Chicago, Kansas & Western Railroad Company
The Colony Neosho Falls and Western Railroad Company was incorporated December 10, 1885, under the general laws of the State of Kansas. It was authorized to construct a line of railroad extending from Colony to Yates Center, Kans., a distance of about 25 miles. No accounting records of this company have been obtained, and there is no record that it had constructed any completed road or had actually issued any securities on May 31, 1886, date of its consolidation with nine other corporations to form The Chicago, Kansas & Western Railroad Company. It was incorporated and controlled by or in the interests of the Atchison Topeka and Santa Fe Rail Road Company. Certain expenditures incurred by the Atchison Topeka and Santa Fe Rail Road Company for preliminary engineering, right of way, or for construction on the projected line of this company were treated by The Chicago, Kansas & Western Railroad Company as its own obligation, which it liquidated in the settlement for construction work done on its own account after the date of consolidation.

Emporia & Eldorado Short Line Company, Predecessor of The Chicago, Kansas & Western Railroad Company
The Emporia & Eldorado Short Line Railroad Company was incorporated December 29, 1885, under the general laws of the State of Kansas. It was authorized to construct a line of railroad extending from Ellinor to Bazar, Kans., a distance of about 10 miles. No accounting records of this company have been obtained, and there is no record that it had constructed any completed road or had actually issued any securities on May 31, 1886, date of its consolidation with nine other corporations to form The Chicago, Kansas & Western Railroad Company. It was incorporated and controlled by or in the interests of the Atchison Topeka and Santa Fe Rail Road Company. Certain expenditures incurred by the Atchison Topeka and Santa Fe Rail Road Company for preliminary engineering, right of way, or for construction on the projected line of this company were treated by The Chicago, Kansas & Western Railroad Company as its own obligation, which it liquidated in the settlement for construction work done on its own account after the date of consolidation.

The Independence & South-Western Railroad Company, Predecessor of The Chicago, Kansas & Western Railroad Company
The Independence & South-Western Railroad Company was incorporated July 25, 1885, under the general laws of the State of Kansas. It was authorized to construct a line of railroad extending from Independence to Cedarvale, Kans., a distance of about 55 miles. No accounting records of this company have been obtained, and there is no record that it had constructed any completed road or had actually issued any securities on May 31, 1886, date of its consolidation with nine other corporations to form The Chicago, Kansas & Western Railroad Company. It was incorporated and controlled by or in the interests of the Atchison Topeka and Santa Fe Rail Road Company. Certain expenditures incurred by the Atchison Topeka and Santa Fe Rail Road Company for preliminary engineering, right of way, or for construction on the projected line of this company were treated by The Chicago, Kansas & Western Railroad Company as its own obligation, which it liquidated in the settlement for construction work done on its own account after the date of consolidation.

Kansas, Oklahoma and Texas Railway Company, Predecessor of The Chicago, Kansas & Western Railroad Company
The Kansas, Oklahoma and Texas Railway Company was incorporated September 10, 1885, under the general laws of the State of Kansas. It was authorized to construct a line of railroad extending from Chanute to Longton, Kans., a distance of about 43 miles. No accounting records of this company have been obtained, and there is no record that it had constructed any completed road or had actually issued any securities on May 31, 1886, date of its consolidation with nine other corporations to form The Chicago, Kansas & Western Railroad Company. It was incorporated and controlled by or in the interests of the Atchison Topeka and Santa Fe Rail Road Company. Certain expenditures incurred by the Atchison Topeka and Santa Fe Rail Road Company for preliminary engineering, right of way, or for construction on the projected line of this company were treated by The Chicago, Kansas & Western Railroad Company as its own obligation, which it liquidated in the settlement for construction work done on its own account after the date of consolidation.

Leroy & Western Railway Company, Predecessor of The Chicago, Kansas & Western Railroad Company
The Leroy & Western Railway Company was incorporated November 27, 1885, under the general laws of the State of Kansas. It was authorized to construct a line of railroad extending from Mulvane to east line of Clark County, Kans., a distance of about 138 miles. No accounting records of this company have been obtained, and there is no record that it had constructed any completed road or had actually issued any securities on May 31, 1886, date of its consolidation with nine other corporations to form The Chicago, Kansas & Western Railroad Company. It was incorporated and controlled by or in the interests of the Atchison Topeka and Santa Fe Rail Road Company. Certain expenditures incurred by the Atchison Topeka and Santa Fe Rail Road Company for preliminary engineering, right of way, or for construction on the projected line of this company were treated by The Chicago, Kansas & Western Railroad Company as its own obligation, which it liquidated in the settlement for construction work done on its own account after the date of consolidation.

Ottawa, Osage City and Council Grove Rail Road Company, Predecessor of The Chicago, Kansas & Western Railroad Company
The Ottawa, Osage City and Council Grove Rail Road Company was incorporated August 16, 1883, under the general laws of the State of Kansas. It was authorized to construct a line of railroad extending from Osage City to Quenemo, Kans., a distance of about 20 miles. No accounting records of this company have been obtained, and there is no record that it had constructed any completed road or had actually issued any securities on May 31, 1886, date of its consolidation with nine other corporations to form The Chicago, Kansas & Western Railroad Company. It was incorporated and controlled by or in the interests of the Atchison Topeka and Santa Fe Rail Road Company. Certain expenditures incurred by the Atchison Topeka and Santa Fe Rail Road Company for preliminary engineering, right of way, or for construction on the projected line of this company were treated by The Chicago, Kansas & Western Railroad Company as its own obligation, which it liquidated in the settlement for construction work done on its own account after the date of consolidation.

The Pawnee Valley and Denver Railroad Company, Predecessor of The Chicago, Kansas & Western Railroad Company
The Pawnee Valley and Denver Railroad Company was incorporated September 28, 1885, under the general laws of the State of Kansas. It was authorized to construct a line of railroad extending from Larned to Jetmore, Kans., a distance of about 46 miles. No accounting records of this company have been obtained, and there is no record that it had constructed any completed road or had actually issued any securities on May 31, 1886, date of its consolidation with nine other corporations to form The Chicago, Kansas & Western Railroad Company. It was incorporated and controlled by or in the interests of the Atchison Topeka and Santa Fe Rail Road Company. Certain expenditures incurred by the Atchison Topeka and Santa Fe Rail Road Company for preliminary engineering, right of way, or for construction on the projected line of this company were treated by The Chicago, Kansas & Western Railroad Company as its own obligation, which it liquidated in the settlement for construction work done on its own account after the date of consolidation.

The Walnut Valley & Colorado Railroad Company, Predecessor of The Chicago, Kansas & Western Railroad Company
The Walnut Valley & Colorado Railroad Company was incorporated August 26, 1885, under the general laws of the State of Kansas. It was authorized to construct a line of railroad extending from Great Bend to Selkirk, Kans., a distance of about 156 miles. No accounting records of this company have been obtained, and there is no record that it had constructed any completed road or had actually issued any securities on May 31, 1886, date of its consolidation with nine other corporations to form The Chicago, Kansas & Western Railroad Company. It was incorporated and controlled by or in the interests of the Atchison Topeka and Santa Fe Rail Road Company. Certain expenditures incurred by the Atchison Topeka and Santa Fe Rail Road Company for preliminary engineering, right of way, or for construction on the projected line of this company were treated by The Chicago, Kansas & Western Railroad Company as its own obligation, which it liquidated in the settlement for construction work done on its own account after the date of consolidation.

The Southern Kansas and Panhandle Railroad Company, Predecessor of The Chicago, Kansas & Western Railroad Company
The Southern Kansas and Panhandle Railroad Company was incorporated July 28, 1886, under the general laws of the State of Kansas. It was controlled, through ownership of capital stock, by The Chicago, Kansas & Western Railroad Company. On the other hand, the records reviewed do not indicate that this company itself controlled any other common-carrier corporation.

The property was operated under lease by The Chicago, Kansas & Western Railroad Company from 1887 or 1888 to September 30, 1889, and under lease by the Atchison Topeka and Santa Fe Rail Road Company from October 1, 1889, to January 1, 1890, the date of sale of its property to The Chicago, Kansas & Western Railroad Company. The company owned on date of sale 28.34 miles of single-track standard-gauge steam railroad extending from the east line of Clark County, Kans., to Englewood, Kans., which had been constructed by or for it in 1887 and 1888.

Kansas City, Emporia and Southern Railway Company
Introductory

The Kansas City, Emporia and Southern Railway Company was incorporated under the general laws of Kansas through articles of consolidation, dated September 6, 1882, filed October 6, 1882. This company did not open its accounts until January 1, 1883, although it acquired its property on October 6, 1882. Further, it discontinued its accounts after December 31, 1889, although it did not convey its property, rights, and franchises to the Santa Fe until April 10, 1901. Therefore the accounting data given in this report cover principally the period from January 1, 1883, to December 31, 1889. The company was con trolled, through stock ownership, by the Atchison Topeka and Santa Fe Rail Road Company and by that company’s successor, the Santa Fe. On the other hand, the records reviewed do not indicate that the company itself controlled any other common-carrier corporation.

The property was operated under lease by the Atchison Topeka and Santa Fe Rail Road Company, its receivers, and the Santa Fe from the date of acquirement thereof to the date of sale, The railroad owned on date of sale amounted to 83.29 miles. It consisted of a single-track standard-gauge steam railroad extending from Emporia to Moline, Kans.

Development of Fixed Physical Property

Of the 83.29 miles of road owned by the company on date of sale, it had acquired 63.93 miles from the Kansas City, Emporia and Southern Railroad Company, 12.16 miles from The Elk and Chatauqua Railroad Company, and 7.20 miles by construction. The construction work of the company was performed by or under the supervision of the Atchison Topeka and Santa Fe Rail Road Company. Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

Kansas City, Emporia and Southern Railroad Company, Predecessor of the Kansas City, Emporia and Southern Railway Company
Introductory

The Kansas City, Emporia and Southern Railroad Company was incorporated January 23, 1877, in the State of Kansas. Although the property of this company was acquired by the Kansas City, Emporia and Southern Railway Company through articles of consolidation dated September 6, 1882, and filed October 6, 1882, the accounts of the company were continued to December 31, 1882. The accounting data in this report, therefore, cover the period to December 31, 1882. It was controlled through capital-stock ownership, by the Atchison Topeka and Santa Fe Rail Road Company. On the other hand, the records reviewed do not indicate that this company itself controlled any other common-carrier corporation.

The property was operated under lease by the Atchison Topeka and Santa Fe Rail Road Company from October 10, 1879, the date it was placed in operation, to the date of consolidation. The railroad owned by this company on date of consolidation amounted to 63.93 miles. It consisted of a single-track standard gauge steam railroad extending from the southern line of Greenwood County to Emporia, all in the State of Kansas, and was constructed by or for the company during the years 1879 and 1880. The construction work was supervised by the Atchison Topeka and Santa Fe Rail Road Company.

The Elk and Chatauqua Railroad Company, Predecessor of the Kansas City, Emporia and Southern Railway Company
Introductory

The Elk and Chatauqua Railroad Company was incorporated December 13, 1878, in the State of Kansas. Although the property of this company was acquired by the Kansas City, Emporia and Southern Railway Company through articles of consolidation dated September 6, 1882, filed October 6, 1882, the accounts of the company were continued to December 31, 1882. The accounting data in this report, therefore, cover the period to December 31, 1882. It was controlled, through capital stock ownership, by the Atchison Topeka and Santa Fe Rail Road Company. On the other hand, the records reviewed do not indicate that this company itself controlled any other common-carrier corporation.

The property was operated under lease by the Atchison Topeka and Santa Fe Rail Road Company from October 1, 1880, the date it was placed in operation, to the date of consolidation. The railroad owned by this company on the date of consolidation amounted to 12.16 miles. It consisted of a single-track standard gauge steam railroad, extending from the south line of Greenwood County to Howard, all in the State of Kansas, and was constructed by the Atchison Topeka and Santa Fe Rail Road Company in 1879.

Marion and McPherson Railway Company
Introductory

The Marion and McPherson Railway Company was incorporated October 6, 1882, in the State of Kansas, as a consolidation of The Marion and McPherson Railroad Company and the Marion and McPherson Extension Railroad Company. This company did not open its accounts until January 1, 1883, although it acquired its property on October 6, 1882. Further, it discontinued its accounts after September 30, 1889, although it did not convey its property, rights, and franchises to the Santa Fe until April 10, 1901. Therefore the accounting data given in this report cover principally the period from January 1, 1883, to September 30, 1889. It was controlled, through ownership of a majority of its capital stock, by the Atchison Topeka and Santa Fe Rail Road Company or by that company’s successor, the Santa Fe. On the other hand, the records reviewed do not indicate that this company itself controlled any other common-carrier corporation.

The property was operated under lease by the Atchison Topeka and Santa Fe Rail Road Company or by that company’s successor, the Santa Fe. The rail road owned on date of sale was a single-track standard-gauge steam railroad, aggregating 98.30 miles, extending from Florence to Ellinwood, all in the State of Kansas, and was acquired from predecessors in the consolidation of 1882. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Marion and McPherson Railroad Company, Predecessor of the Marion and McPherson Railway Company
Introductory

The Marion and McPherson Railroad Company was incorporated November 5, 1878, under the general laws of the State of Kansas. Although The Marion and McPherson Railroad Company and the Marion and McPherson Extension Railroad Company were consolidated October 6, 1882, to form the Marion and McPherson Railway Company, the accounts of the two consolidating companies were continued to December 31, 1882. The company was controlled, through ownership of a majority of its capital stock, by the Atchison Topeka and Santa Fe Rail Road Company. On the other hand, the records reviewed do not indicate that this company itself controlled any other common-carrier corporation.

The property was operated under lease by the Atchison Topeka and Santa Fe Rail Road Company. The railroad owned on date of the consolidation was a single-track standard-gauge steam railroad, aggregating 93.09 miles, extending from Florence to the east line of Barton County, all in the State of Kansas, and was constructed by or for the company in sections during 1879 and 1880. The construction work was done by or under the supervision of the Atchison Topeka and Santa Fe Rail Road Company.

Marion and McPherson Extension Railroad Company, Predecessor of the Marion and McPherson Railway Company
Introductory

The Marion and McPherson Extension Railroad Company was incorporated January 1, 1881, under the general laws of the State of Kansas. Although the Marion and McPherson Extension Railroad Company and The Marion and McPherson Railroad Company were consolidated October 6, 1882, to form the Marion and McPherson Railway Company, the accounts of the two consolidating companies were continued to December 31, 1882. The company was controlled, through ownership of its entire capital stock, by the Atchison Topeka and Santa Fe Rail Road Company. On the other hand, the records reviewed do not indicate that this company itself controlled any other common-carrier corporation.

The property was operated under lease by the Atchison Topeka and Santa Fe Rail Road Company. The railroad owned on date of the consolidation was a single-track standard-gauge steam railroad, aggregating 5.21 miles, extending from the east line of Barton County to Ellinwood, all in the State of Kansas. It was constructed by or for the company in 1881 and was opened for operation on September 1, 1881. The construction work was done by or under the super vision of the Atchison Topeka and Santa Fe Rail Road Company.

Wichita and Southwestern Railway Company
Introductory

The Wichita and Southwestern Railway Company was incorporated October 6, 1882, in the State of Kansas as a consolidation of the Wichita and South Western Rail Road Company, The Cowley, Sumner and Fort Smith Railroad Company, and The Harvey County Railroad Company. Although the company acquired its property on October 6, 1882, it did not open its accounts until January 1, 1883. Further, it discontinued its accounts after September 30, 1889, although it did not convey its property, rights, and franchises to the Santa Fe until April 10, 1901. Therefore the accounting data given in this report cover principally the period from January 1, 1883, to September 30, 1889. The company was controlled, through ownership of a majority of its capital stock, by the Atchison Topeka and Santa Fe Rail Road Company or by that company's successor, the Santa Fe. On the other hand, the records reviewed do not indicate that this company itself controlled any other common-carrier corporation.

The property was operated under lease by the Atchison Topeka and Santa Fe Rail Road Company or by that company's successor, the Santa Fe. The railroad owned on date of sale was a single-track standard-gauge steam railroad, aggregating 117.72 miles, and extending from Newton to Arkansas City and from Mulvane to Caldwell, all in the State of Kansas.

Development of Fixed Physical Property

The 117.72 miles of road owned on the date of sale was all acquired in the consolidation of 1882. In addition, the company acquired 8.89 miles of road, extending from Halstead to Sedgwick, Kans., in the consolidation of 1882, and during 1887 constructed 2.62 miles of extension from Wellington, Kans., but later abandoned these two sections of road.

Wichita and South Western Rail Road Company, Predecessor of the Wichita and Southwestern Railway Company
Introductory

The Wichita and South Western Rail Road Company was incorporated June 22, 1871, under the general laws of the State of Kansas. Although this company and two other corporations consolidated on October 6, 1882, to form the Wichita and Southwestern Railway Company, the accounts of the consolidating companies were continued to December 31, 1882. The company was controlled on date of the consolidation, through ownership of the entire capital stock, by the Atchison Topeka and Santa Fe Rail Road Company. On the other hand, the records reviewed do not indicate that this company itself then controlled any other common-carrier corporation.

The property was operated under lease by the Atchison Topeka and Santa Fe Rail Road Company. The property owned on date of the consolidation was a single-track standard-gauge steam railroad, aggregating 27.12 miles, and ex tending from Newton to Wichita, all in the State of Kansas.

Development of Fixed Physical Property

The owned mileage of the Wichita and South Western Rail Road Company, amounting to 27.12 miles, was constructed for it during the years 1871 and 1872. A portion of the line was constructed by T. J. Peter under a contract, dated September 9, 1871. On January 15, 1872, Peter assigned the contract to the Atchison Topeka and Santa Fe Rail Road Company, and the balance of the construction work was done by or under the supervision of that company. The road was opened for operation in May, 1872.

The Cowley, Sumner and Fort Smith Railroad Company, Predecessor of the Wichita and Southwestern Railway Company
Introductory

The Cowley, Sumner and Fort Smith Railroad Company was incorporated October 28, 1878, under the general laws of the State of Kansas. Although this company and two other corporations were consolidated October 6, 1882, to form the Wichita and Southwestern Railway Company, the accounts of the consolidating companies were continued to December 31, 1882. The company was controlled, through ownership of a majority of its capital stock, by the Atchison Topeka and Santa Fe Rail Road Company. On the other hand, the records reviewed do not indicate that this company itself controlled any other common carrier corporation. The property was operated under lease by the Atchison Topeka and Santa Fe Rail Road Company. The railroad owned on date of the consolidation was a single-track standard-gauge steam railroad, aggregating 90.6 miles, and extending from Wichita to Arkansas City and from Mulvane to Caldwell, all in the State of Kansas.

Development of Fixed Physical Property

The 90.6 miles of road owned on date of the consolidation was constructed for the company by or under the supervision of the Atchison Topeka and Santa Fe Rail Road Company, during the years 1879 and 1880. The entire line was completed and opened for operation in June, 1880. The mileage constructed aggregated 95.22 miles, but this was reduced to 90.6 miles through changes in line and in junction points.

The Harvey County Railroad Company, Predecessor of the Wichita and Southwestern Railway Company
Introductory

The Harvey County Railroad Company was incorporated December 6, 1880, under the general laws of the State of Kansas. Although this company and two other corporations consolidated to form the Wichita and Southwestern Railway Company on October 6, 1882, the accounts of the consolidating companies were continued to December 31, 1882. The company was controlled, through ownership of the entire capital stock, by the Atchison Topeka and Santa Fe Rail Road Company. On the other hand, the records reviewed do not indicate that this company itself controlled any other common-carrier corporation.

The property was operated under lease by the Atchison Topeka and Santa Fe Rail Road Company. The railroad owned on date of the consolidation was a single-track standard-gauge steam railroad, aggregating 8.89 miles, extending from Halstead to Sedgwick, all in the State of Kansas, and was constructed for the company in the year 1881. The construction work was performed by or under the supervision of the Atchison Topeka and Santa Fe Rail Road Company.

Cerrillos Coal Railroad Company
Introductory

The Cerrillos Coal Railroad Company was incorporated January 9, 1892, in the Territory of New Mexico. It was controlled on January 9, 1901, the date of sale, by the Santa Fe through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common carrier corporation. The entire property of this company was operated by its own organization from December, 1892, the date of completion of its railroad, to November 9, 1900. From the latter date until May 31, 1901, it was operated by a receiver.

The Cherokee & Pittsburg Coal and Mining Company purchased the entire property at foreclosure sale on January 9, 1901, and acquired title thereto by deed on June 3, 1901, and on the same day conveyed the common-carrier portion of the property to the Santa Fe, the receiver having surrendered it to the Santa Fe as of May 31, 1901. This company owned on the date of its sale 6.51 miles of standard-gauge steam railroad, located in New Mexico and extending from a connection with the road of the Santa Fe at Waldo to the coal mines of the Cherokee & Pittsburg Coal and Mining Company at Coal Mines, N. Mex. It also owned certain real estate and mining rights in about 26,000 acres of land owned by the Cerrillos Coal & Iron Company.

Development of Fixed Physical Property

The 6.51 miles of railroad owned on the date of sale had been acquired by construction during the period June to December, 1892. The records reviewed indicate that the work was performed by or under supervision of the Atchison Topeka and Santa Fe Rail Road Company. Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

Atchison, Topeka and Santa Fe Rail Road Company in Chicago
Introductory

The Atchison, Topeka and Santa Fe Rail Road Company in Chicago was incorporated May 11, 1887, in the State of Illinois. Although this company did not convey its property, rights, and franchises to the Santa Fe until March 6, 1902, it discontinued its accounts after November 30, 1898. This company was controlled through ownership of its entire capital stock, by the Atchison Topeka and Santa Fe Rail Road Company and by that company's successor, the Santa Fe. On the other hand, the records reviewed do not indicate that this company itself controlled any other common-carrier corporation.

The property was operated under lease by the Chicago, Santa Fe and California Railway Company from July 1, 1888, the date it was placed in operation, to September 30, 1889, and by the Atchison Topeka and Santa Fe Rail Road Company, its receivers, and the Santa Fe from October 1, 1889, to the date of sale. The common-carrier property owned on date of sale consisted of terminal facilities, including 5.30 miles of standard-gauge steam railroad, extending from Crawford Avenue to Twentieth Street and Stewart Avenue, all in the city of Chicago, Ill. This property was constructed for the company during the period from 1887 to 1892. The construction work was performed principally by the forces of the Atchison Topeka and Santa Fe Rail Road Company and the Chicago, Madison & Northern Railroad Company.

Santa Fe Pacific Railroad Company
Introductory

The Santa Fe Pacific Railroad Company is a corporation formed June 16, 1897, under a special act of the Congress of the United States. It is controlled by the Santa Fe through ownership of the entire capital stock. On the other hand, the records reviewed do not indicate that this company itself controls any common-carrier corporation.

The property of the company was operated by its own organization from the date of acquirement thereof to the date of sale. Although the common-carrier property of this company was conveyed to the Santa Fe as of July 1, 1902, by deed executed July 1, 1903, the accounts of the company pertaining to its financial history, corporate operations, and investments with respect to property other than that of a common-carrier have been continued to date of valuation. However, for the purposes of this report the accounting data included herein cover the period only to the date of sale of the common-carrier property. The railroad operated by the company was a standard-gauge steam railroad, located in New Mexico, Arizona, and California and aggregating 806.58 miles. The owned mileage amounted to 562.58 miles and consisted of a line extending from Isleta, N. Mex., to Needles, Calif. The mileage operated under lease amounted to 244 miles and consisted of two separate sections of road, one extending from a connection with the road of the Santa Fe Pacific Railroad Company at Needles, to Mojave, Calif., the other from Kern Junction to Bakersfield, Calif. Trackage rights over 80 miles of road of other carriers connected the leased lines at Mojave and Kern Junction, Calif., and also afforded access to Albuquerque, N. Mex.

Development of Fixed Physical Property The entire 562.58 miles of road owned on the date of sale had been acquired from the Atlantic and Pacific Railroad Company, through foreclosure, under deed dated June 24, 1897.

Atlantic and Pacific Railroad Company, Predecessor of the Santa Fe Pacific Railroad Company
Introductory

The Atlantic and Pacific Railroad Company was incorporated July 27, 1866, under a special act of the Congress of the United States. The property of the Atlantic and Pacific consisted of three well-defined divisions known as the Missouri, Central, and Western divisions, each of which was sold under a separate foreclosure sale. The Missouri and Central divisions form a part of the system of the St. Louis-San Francisco Railway Company and are included in the report on that company. The Western division was acquired by the Santa Fe Pacific Railroad Company, a predecessor of the Santa Fe. This report, therefore, relates only the transactions pertaining to the Western division, for which, in the main, separate accounting data have been obtainable.

The Atlantic and Pacific was controlled jointly on June 24, 1897, the date of sale of the Western division, by the Santa Fe and the St. Louis and San Francisco Railroad Company through ownership of a majority of the capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The property was operated by the company's own organization from the date of acquirement thereof to January 4, 1894. From that date until the date of sale, it was operated by receivers. Although the property of this company, comprising the Western division, was conveyed to the Santa Fe Pacific Railroad Company by deed dated June 24, 1897, the results of corporate operations to June 30, 1897, are recorded in the books of the Atlantic and Pacific Railroad Company (Western division).

The railroad operated by the company was a standard-gauge steam railroad, aggregating 804.58 miles, and located in New Mexico, Arizona, and California. The owned mileage amounted to 562.58 miles and consisted of a line extending from Atlantic and Pacific Junction (Isleta), N. Mex., to Needles, Calif. The mileage operated under lease amounted to 242 miles and consisted of a line extending from Needles to Mojave, Calif. Trackage rights over 13 miles of road of other carriers afforded the company access to Albuquerque, N. Mex.

Development of Fixed Physical Property

The entire 562.58 miles of road owned on the date of sale had been acquired by construction. Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Montgomery County Railway Company
The Montgomery County Railway Company was incorporated April 4, 1903, in the State of Kansas. This company did not maintain any accounting records, but certain information given below has been obtained from the records of the Santa Fe. The company was controlled by the Santa Fe through advances made for construction. On the other hand, the records reviewed do not indicate that this company itself controlled any other common-carrier corporation.

The Company owned on October 24, 1903, the date of sale, 5.39 miles of partially constructed standard-gauge railroad, extending from Havana to Caney, all in the State of Kansas. This uncompleted construction work had been performed by the Santa Fe. [...]

Southern California Railway Company (of 1892)
Introductory

The Southern California Railway Company (of 1892) was incorporated under the general laws of California through articles of consolidation, dated June 8, 1892, filed June 27, 1892. This company recorded its transactions in the books of the Southern California Railway Company (of 1889), a predecessor company. For the purposes of this report the transactions recorded subsequently to June 30, 1892, are stated herein. This company was controlled on January 17, 1906, the date of sale, by the Santa Fe through stock ownership. On the other hand, the company itself controlled the Perris & Lakeview Railway Company through ownership of the entire capital stock.

The property was operated by the company's own organization from June 28, 1892, to May 31, 1904, and by the Santa Fe, as lessee, from June 1, 1904, to date of sale. The railroad owned by the Southern California Railway Company (of 1892) on date of sale aggregated 483.84 miles and was all located in California having termini as follows: National City to Fallbrook, Temecula to Barstow, Los Angeles to Fallbrook Junction, San Bernardino to Los Angeles, High Grove to Orange, Perris to San Jacinto, Escondido Junction to Escondido, San Bernardino to Mentone, Redondo Junction to Redondo, Highland Junction to Mentone, Elsinore Junction to Alberhill, Casa Blanca to Prenda, Richfield to Olinda.

Development of Fixed Physical Property

The 483.84 miles of road owned on date of sale had been acquired partly by consolidation, partly by purchase, and partly by construction, as indicated in the following statement: It is not known whether the construction work was performed by the company's forces or by contract. Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

Santa Fe and Santa Monica Railway Company, Predecessor of the Southern California Railway Company (of 1892)
Introductory

The Santa Fe and Santa Monica Railway Company was incorporated in the State of California on April 4, 1892. It was controlled on June 27, 1892, the date of consolidation, by A. Manvel through ownership of a majority of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation.

The property was operated under a temporary agreement by the Southern California Railway Company (of 1889) from the date of completion, June 13, 1892, to the date of consolidation. The railroad owned on the date of consolidation amounted to 5.42 miles. It consisted of a standard-gauge steam railroad, wholly within the State of California, extending from Mesmer to Santa Monica, and had been acquired by construction during 1892.

San Bernardino and Eastern Railway Company, Predecessor of the Southern California Railway Company (of 1892)
Introductory

The San Bernardino and Eastern Railway Company was incorporated in the State of California on August 11, 1890. It was controlled on June 27, 1892, the date of consolidation, by A. Manvel through ownership of a majority of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation.

The property was operated under a temporary agreement by the Southern California Railway Company (of 1889) from August 17, 1891, the date the first section of road was placed in operation, to the date of consolidation. The rail road owned on the date of consolidation amounted to 12.88 miles. It consisted of a standard-gauge steam railroad, wholly within the State of California, extending from Highland Junction to Mentone, and had been acquired by construction. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

Southern California Railway Company (of 1889), Predecessor of the Southern California Railway Company (of 1892)
Introductory

The Southern California Railway Company (of 1889) was incorporated under the general laws of California through articles of consolidation, dated September 6, 1889, filed November 7, 1889. It was controlled on June 27, 1892, the date of its consolidation, by the Atchison Topeka and Santa Fe Rail Road Company through ownership of the capital stock. On the other hand, the records 1eviewed do not indicate that this company then controlled any common-carrier corporation,

The property of the company was operated by its own organization from the date of acquirement thereof to the date of consolidation. The railroad operated by the company on the date of its consolidation amounted to 489.54 miles. The owned mileage amounted to 471.24 miles and consisted of a standard-gauge steam-railroad, located wholly in the State of California and comprised three main lines, one connecting line, and six branch lines. One main line extended from National City, via Fallbrook Junction and Temecula, to Barstow, one from San Bernardino to Los Angeles, and the other from Los Angeles to Fall brook Junction. The connecting line extended from High Grove to Orange. The mileage operated under lease consisted of 18.30 miles, extending from Mesmer to Santa Monica and from Highland Junction to Mentone.

Development of Fixed Physical Property

Of the 471.24 miles of road owned on the date of consolidation, 210.10 miles were acquired from the California Southern Railroad Company, 250.37 miles from the California Central Railway Company, and 10.77 miles from the Redondo Beach Railway Company. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

California Southern Railroad Company, Predecessor of the Southern California Railway Company (of 1889)
Introductory

The California Southern Railroad Company was incorporated under the general laws of California through articles of consolidation, dated December 28, 1881, filed January 10, 1882. It was controlled on November 7, 1889, the date of consolidation, by the Atchison Topeka and Santa Fe Rail Road Company through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company then controlled any common-carrier corporation.

The property of the company was operated by its own organization from November 23, 1882, the date the first section of road was placed in operation, to the date of consolidation. Although the property of this company was acquired by its successor through consolidation November 7, 1889, the results of corporate operations are included in the income accounts of this company only to October 31, 1889. The railroad operated by the company on the date of consolidation amounted to 210.10 miles, all owned. It consisted of a standard-gauge steam railroad extending from National City via Fallbrook Junction and Temecula to Barstow, Calif.

Development of Fixed Physical Property

Of the 210.10 miles of road owned by the company on the date of consolidation, it had acquired 129.37 miles by completion of construction begun by the California Southern Rail Road Company and 80.73 miles by completion of construction begun by The California Southern Extension Railroad Company. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

California Southern Rail Road Company, Predecessor of the California Southern Railroad Company
Introductory

The California Southern Rail Road Company was incorporated in the State of California on October 23, 1880. The records reviewed do not indicate that it was controlled by any individual or corporation on January 10, 1882, the date of consolidation, or, on the other hand, that it then controlled any common-carrier corporation. This company owned on the date of consolidation a partially constructed railroad, extending from National City via Fallbrook Junction and Temecula to San Bernardino, Calif., a distance of 129.37 miles, no part of which had been placed in operation.

Development of Fixed Physical Property

The entire 129.37 miles of partially constructed road owned on the date of consolidation had been acquired by construction during 1881 and 1882. The construction work was performed principally by the company's forces. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The California Southern Extension Railroad Company, Predecessor of the California Southern Railroad Company
The California Southern Extension Railroad Company was incorporated in the State of California on May 24, 1881. No accounting records of this company were obtained. Therefore no information can be given from its accounts regarding its financial dealings or investments. However, certain data indicated below were obtained from the records of the California Southern Rail Road Company. The records reviewed do not indicate whether the company was con trolled by any individual or corporation on January 10, 1882, the date of consolidation, or, on the other hand, whether it then controlled any common-carrier corporation. This company owned on date of consolidation a partially constructed railroad between San Bernardino and Barstow, Calif., a distance of 80.73 miles. The extent of construction work done by this company is not indicated by the records obtained. The records of the California Southern Rail Road Company indicate that it made cash advances to this company aggregating $22,469.19 for construction, which indebtedness was canceled in the consolidation. The records of the California Southern Rail Road Company also indicate recorded money outlay of $22,469.19 in creating the property of The California Southern Extension Railroad Company.

Redondo Beach Railway Company, Predecessor of the Southern California Railway Company (of 1889)
Introductory

The Redondo Beach Railway Company was incorporated in the State of California on April 23, 1888. It was controlled on November 7, 1889, the date of consolidation, by the Atchison Topeka and Santa Fe Rail Road Company through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation.

The property was operated under lease by the California Central Railway Company from September 1, 1888, to the date of consolidation. The railroad owned on the date of consolidation consisted of 10.77 miles of single-track standard-gauge steam railroad, extending from Inglewood to Redondo, Calif., which had been acquired by construction during 1888. The construction work was performed under the supervision of the Atchison Topeka and Santa Fe Rail Road Company.

California Central Railway Company, Predecessor of the Southern California Railway Company (of 1889)
Introductory

The California Central Railway Company was incorporated in the State of California through articles of consolidation dated April 23, 1887, filed May 20, 1887. It was controlled on November 7, 1889, the date of consolidation, by the Atchison Topeka and Santa Fe Rail Road Company through ownership of capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation.

The property was operated by its own organization from May 20, 1887, the date acquired, to date of consolidation. The railroad operated by the company was a single-track standard-gauge steam railroad, located in California, aggregating 261.14 miles. The owned mileage amounted to 250.37 miles and consisted of three main lines and four branch lines. The main lines extended from Los Angeles to Fallbrook Junction, from High Grove to Orange, and from Los Angeles to San Bernardino. The branch lines extended from Perris to San Jacinto, from Escondido to Escondido Junction, from San Bernardino to Men tone, and from Redondo Junction to Port Ballona. The mileage operated under lease amounted to 10.77 miles and extended from Inglewood to Redondo.

Development of Fixed Physical Property

Of the 250.37 miles of road owned on date of consolidation, it had acquired 21.09 miles from the Los Angeles and San Gabriel Valley Rail Road Company, 32.88 miles by construction, and 196.40 miles by completion of construction begun by the Riverside, Santa Ana and Los Angeles Railway Company, the San Bernardino and San Diego Railway Company, the San Bernardino and Los Angeles Railway Company, the San Bernardino Valley Railway Company, and the San Diego Central Railroad Company. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

Los Angeles and San Gabriel Valley Rail Road Company, Predecessor of the California Central Railway Company
Introductory

The Los Angeles and San Gabriel Valley Rail Road Company was incorporated September 5, 1883, in the State of California. The accounting records of the company that were obtained were of such a fragmentary nature that but partial information could be obtained from them regarding its financial dealings and investments. However, certain data given below were obtained from the records of its successor and from other sources. The company was controlled on May 20, 1887, the date of consolidation, by the Atchison Topeka and Santa Fe Rail Road Company through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation.

The property was operated by the company's own organization from September 14, 1885, to May 20, 1887, the date of consolidation. The railroad consisted of 21.09 miles of single-track standard-gauge steam railroad, extending from Los Angeles to the San Gabriel River, Calif., and was acquired by construction. The construction work was performed by contractors, none of whom appear to have been affiliated with the company. Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Los Angeles and Santa Monica Railroad Company, Predecessor of the California Central Railway Company
The Los Angeles and Santa Monica Railroad Company was incorporated January 6, 1886, in the State of California. No accounting records of the company were obtained. Therefore nothing can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data given below were obtained from other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on May 20, 1887, the date of consolidation, or, on the other hand, whether it then controlled any common-carrier corporation. The records reviewed do not indicate that the company owned any property on the date of consolidation.

The authorized capital stock was $300,000 par value, divided into shares of $50 par value each. The records of the successor company, the California Central Railway Company, show that $300,000 par value of the capital stock of that company was issued to the Atchison Topeka and Santa Fe Rail Road company in exchange for the total authorized stock of this company. The considerations received for the stock of this company when issued were not ascertainable from the records reviewed.

Riverside, Santa Ana and Los Angeles Railway Company, Predecessor of the California Central Railway Company
The Riverside, Santa Ana and Los Angeles Railway Company was incorporated September 29, 1885, in the State of California. No accounting records of the company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from its minute book and from records of the California Central Railway Company. The company was controlled on May 20, 1887, the date of consolidation, by the Atchison Topeka and Santa Fe Rail Road Company through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. Construction work upon the proposed railroad of this company between Los Angeles and Santa Ana, Calif., and between High Grove and Orange, Calif., 74.22 miles in all had been begun prior to the date of consolidation.

San Bernardino and San Diego Railway Company, Predecessor of the California Central Railway Company
The San Bernardino and San Diego Railway Company was incorporated November 20, 1886, in the State of California. No accounting records of the company were obtained. Therefore no information can be given from its ac counts regarding its financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from its minute book and from the records of the California Central Railway Company. The company was controlled on May 20, 1887, the date of consolidation, by the Atchison Topeka and Santa Fe Rail Road Company through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation.

Construction work upon the proposed railroad of this company between Santa Ana and Los Angeles Junction (Fallbrook Junction), Calif., 49.49 miles, had been begun prior to the date of consolidation.

San Bernardino and Los Angeles Railway Company, Predecessor of the California Central Railway Company
The San Bernardino and Los Angeles Railway Company was incorporated November 22, 1886, in the State of California. No accounting records of the company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from its minute book and from the records of the California Central Railway Company. The company was controlled on May 20, 1887, the date of consolidation, by the Atchison Topeka and Santa Fe Rail Road Company through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. Construction work upon the proposed railroad of this company, between San Bernardino and San Gabriel River, Calif., 38.88 miles, had been begun prior to the date of consolidation.

San Bernardino Valley Railway Company, Predecessor of the California Central Railway Company
The San Bernardino Valley Railway Company was incorporated January 12, 1887, in the State of California. No accounting records of the company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from its minute book and from the records of the California Central Railway Company. The company was controlled on May 20, 1887, the date of consolidation, by the Atchison Topeka and Santa Fe Rail Road Company, through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. Construction work upon the proposed railroad of this company, between San Bernardino and Mentone, Calif., 12.51 miles, had been begun prior to the date of consolidation.

San Diego Central Railroad Company, Predecessor of the California Central Railway Company
The San Diego Central Railroad Company was incorporated November 8, 1886, in the State of California. No accounting records of the company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from its minute book and from the records of the California Central Railway Company. The company was controlled on May 20, 1887, the date of consolidation, by the Atchison Topeka and Santa Fe Rail Road Company through ownership of capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. Construction work upon the proposed railroad of this company, between Escondido Junction and Escondido, Calif., 21.30 miles, had been begun prior to the date of consolidation.

San Jacinto Valley Railway Company, Predecessor of the California Central Railway Company
The San Jacinto Valley Railway Company was incorporated March 7, 1887, in the State of California. No accounting records of the company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from its minute book and from the records of the California Central Railway Company. The company was controlled on May 20, 1887, the date of consolidation, by the Atchison Topeka and Santa Fe Rail Road Company through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any other common-carrier corporation. The company had done some engineering work, but no construction work, on its proposed railroad, between Perris and San Jacinto, Calif., to date of consolidation.

Elsinore, Pomona & Los Angeles Railway Company, Predecessor of the Southern California Railway Company (of 1892)
Introductory

The Elsinore, Pomona & Los Angeles Railway Company was incorporated December 6, 1895, in the State of California. It was controlled on May 1, 1899, the date of sale, by the Santa Fe through ownership of capital stock. On the other hand, the records reviewed do not indicate that this company controlled any other common-carrier corporation. The property was operated by the Southern California Railway from July 1, 1896, the date it was placed in operation, to the date of sale. This company owned on the date of sale 7.76 miles of standard-gauge railroad between Elsinore Junction and Alberhill, Calif., which had been acquired by construction during 1896. The records reviewed do not indicate whether the construction work was performed under contract or by company forces. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Arkansas Valley Railroad Company
Introductory

The Arkansas Valley Railroad Company was incorporated January 26, 1906, in the State of Colorado. It was controlled on March 16, 1907, the date of sale, by the Santa Fe through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common carrier corporation. The records reviewed do not indicate that this property had been placed in operation at the date of sale. The railroad owned on the date of sale amounted to 29.22 miles of single-track steam railroad, located within the State of Colorado. It consisted of two sections of main line, one extending from Rocky Ford to Buchtel, the other from Lamar to Keesee.

Development of Fixed Physical Property

The entire 29.22 miles of road owned on date of sale had been acquired by construction during the period January, 1906, to the date of sale. The records reviewed do not indicate whether the work was performed under contract or by company forces. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Holly and Swink Railway Company
Introductory

The Holly and Swink Railway Company was incorporated January 17, 1906, in the State of Colorado.

It was controlled on March 15, 1907, the date of sale, by the Santa Fe through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The records reviewed do not indicate that this property had been placed in operation at date of sale. The railroad owned on date of sale amounted to 18.90 miles of single-track steam railroad, located within the State of Colorado, consisting of two sections of main line, one extending from Swink to Shelton Junction, the other from Holly to Bristol.

Development of Fixed Physical Property

The entire 18.90 miles of road owned on date of sale had been acquired by construction during 1906. The records reviewed do not indicate whether the construction work was performed under contract or by company forces. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Eastern Oklahoma Railway Company
Introductory

The Eastern Oklahoma Railway Company was incorporated July 24, 1899, in the Territory of Oklahoma. The accounting records of the company do not contain any income or profit and loss account. Therefore no information can be given regarding the results of corporate operations. The company was con trolled on June 20, 1907, the date of sale, by the Santa Fe through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation.

The property was operated under lease by the Santa Fe from January 1, 1900, the date the first section of road was opened for operation, until the date of sale. The railroad owned on date of sale amounted to 477.41 miles. It consisted of a standard-gauge steam railroad, extending from Newkirk to Pauls Valley, Okla., Davis to Sulphur, Okla., Guthrie Junction to Cushing, Okla., Ripley to Esau Junction, Okla., Pauls Valley to Lindsay, Okla., Seward to Cashion, Okla., Guthrie to Enid, Okla., and Blanton Junction, Okla., to Belvidere, Kans. Trackage rights over the road of another carrier afforded a connection between Enid and Blanton Junction, Okla.

Development of Fixed Physical Property

Of the 477.41 miles of road owned on date of sale 10.61 miles was acquired from The Guthrie and Western Railway Company, 24.18 miles from The Kiowa, Chickasha, and Fort Smith Railway Company, 161.40 miles from The Denver Enid and Gulf Railroad Company, and 281.22 miles by construction. The construction work was performed by or under supervision of the Santa Fe. Details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Guthrie and Western Railway Company, Predecessor of The Eastern Oklahoma Railway Company
Introductory

The Guthrie and Western Railway Company was incorporated January 9, 1900, in the Territory of Oklahoma. The accounting records of the company do not contain an income or profit and loss account. Therefore no information can be given regarding the results of corporate operations. The company was controlled on June 16, 1902, the date of sale, by the Santa Fe through subscription to the entire amount of its authorized capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation.

The property was operated by the Santa Fe under an implied lease from the date of completion, August, 1900, to the date of sale and consisted of 10.61 miles of standard-gauge steam railroad, extending from Seward to Cashion, Okla. This had been acquired by construction during 1900. The construction work was performed by or under the supervision of the Santa Fe.

The Kiowa, Chickasha, and Fort Smith Railway Company, Predecessor of The Eastern Oklahoma Railway Company
Introductory

The Kiowa, Chickasha, and Fort Smith Railway Company was incorporated July 13, 1899, in the State of Kansas. The accounting records of the company do not contain an income or profit and loss account. Therefore no information can be given regarding the results of corporate operations. The company was controlled on March 14, 1904, the date of sale, by The Eastern Oklahoma Railway Company through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation.

The property was operated by the Gulf, Colorado and Santa Fe Railway Company, as agent for the Santa Fe, under an implied lease from December, 1903, the date it was placed in operation, to the date of sale, and consisted of 24.18 miles of standard-gauge steam railroad, extending from Pauls Valley to Lindsay, Okla. This road had been acquired by construction. The construction work was performed partly by the company's own forces and partly by the forces of the Santa Fe. Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Denver Enid and Gulf Railroad Company, Predecessor of The Eastern Oklahoma Railway Company
Introductory

The Denver Enid and Gulf Railroad Company was incorporated March 31, 1902, in the Territory of Oklahoma. It was controlled on May 22, 1907, the date of sale, by The Eastern Oklahoma Railway Company through ownership of is capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation.

The property was operated by the company's own organization from October 10, 1902, the date the first section of road was opened for operation, until the date of sale. Although the property of this company was conveyed to The Eastern Oklahoma Railway Company by deed dated May 22, 1907, the results of corporate operations to June 30, 1907, are recorded in the books of account of the company and other accounts were not closed until that date. The accounting data in this report, therefore, cover the period to June 30, 1907. The railroad operated by the company on the date of sale amounted to 161.40 miles, all owned. It consisted of standard-gauge steam railroad, extending from Guthrie to Enid, Okla., and from Blanton Junction, Okla., to Belvidere, Kans. In addition, the company had trackage rights over the road of the Arkansas Valley and Western Railroad Company between Enid and Blanton Junction, Okla., and used facilities at Guthrie, Okla., owned by the Santa Fe and facilities at East Enid Junction, Okla., owned by the Blackwell Enid and Southwestern Railroad Company.

Development of Fixed Physical Property

Of the 161.40 miles of road owned on the date of sale, 112.10 miles had been acquired by construction and 49.30 miles by purchase from The Denver, Kansas and Gulf Railway Company. The construction work for this company was performed under contracts by the Bes Line Construction Company and the Santa Fe. Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Denver Kansas and Gulf Railway Company, Predecessor of The Denver Enid and Gulf Railroad Company, Formerly Named The Denver Kansas and Gulf Railroad Company
The Denver Kansas and Gulf Railway Company was incorporated August 16, 1905, in the State of Kansas as The Denver Kansas and Gulf Railroad Company. The name of the latter was changed on October 17, 1905. No accounting records of the company were obtained. Therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. It was controlled on April 3, 1907, the date of sale, by the Bes Line Construction Company, through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation.

The property had not been operated prior to the date of sale. The railroad consisted of 49.30 miles of single-track standard-guage steam railroad extending from the Kansas-Oklahoma State line near Kiowa, Kans., to Belvidere, Kans. This had been acquired by construction during 1906 and 1907. The construction work was performed by the Bes Line Construction Company.

The Eastern Railway Company of New Mexico
Introductory

The Eastern Railway Company of New Mexico is a corporation of the State of New Mexico and was incorporated October 30, 1902, under the laws of the Territory of New Mexico. It is controlled by the Santa Fe through ownership of the entire capital stock. On the other hand, this company itself controls, through ownership of their entire capital stock, The Pecos and Northern Texas Railway Company and The Pecos River Railroad Company, whose properties are leased to other companies.

Although the railroad property of this company was sold to the Santa Fe on January 23, 1912, the accounts pertaining to financial history, corporate operations, and investments with respect to property other than that of a common carrier have been continued to date of valuation. For the purpose of this report, the accounting data included herein relating to investments cover the period only to the date of sale of the common-carrier property. The data pertaining to financial history and corporate operations, included herein, cover the period to the end of the fiscal year June 30, 1912.

The property of the company that was constructed by it was operated under lease by the Santa Fe from the date of completion, July 1, 1908, to the date of sale. That portion of the property acquired from The Pecos Valley and Northeastern Railway Company was operated by the company’s own organization from July 1, 1907, to February 1, 1912. The railroad owned on the date of sale amounted to 486.77 miles. It consisted of a single-track standard-gauge steam railroad located in New Mexico, extending from Texico to Rio Puerco, from Clovis to the New Mexico-Texas State line (southern New Mexico) and from Sandia to Dalies, N. Mex.

Development of Fixed Physical Property

Of the 486.77 miles of road owned by the company on date of sale, it had acquired 219.82 miles from The Pecos Valley and Northeastern Railway Company, of which it had subsequently abandoned 11.60 miles, and 278.55 miles by construction. The construction work on the line from Texico to Rio Puerco, N. Mex., was performed under contract by the Santa Fe. Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Pecos Valley and Northeastern Railway Company, Predecessor of The Eastern Railway Company of New Mexico
Introductory

The Pecos Valley and Northeastern Railway Company was incorporated March 10, 1898, in the Territory of New Mexico. It was controlled on March 19, 1907, the date of sale, by The Eastern Railway Company of New Mexico through ownership of a majority of its capital stock. On the other hand, this company itself controlled on the date of sale, through ownership of their entire capital stock, The Pecos River Railroad Company and The Pecos and Northern Texas Railway Company, which operated their own properties.

The property of the company was operated by its own organization from the date of acquirement thereof to the date of sale. Although the company acquired title to its original property on April 21, 1898, it did not commence recording the results of the operations of its property in its books until May 1, 1898; and although the property of this company was conveyed to The Eastern Railway Company of New Mexico by deed dated March 19, 1907, the results of corporate operations to June 30, 1907, are recorded in the books of account of the company. The railroad operated on date of sale amounted to 219.82 miles, all owned. It consisted of a standard-gauge steam railroad extending from a connection with the railroad of The Pecos River Railroad Company on the New Mexico-Texas boundary line in southern New Mexico to a connection with the railroad of The Pecos and Northern Texas Railway Company on the eastern boundary of New Mexico.

Development of Fixed Physical Property

Of the 219.82 miles of road owned on the date of sale, 108.22 miles had been acquired from The Pecos Valley Railway Company and 111.60 miles by construction. The construction work on the road from Roswell, N. Mex., to the New Mexico-Texas boundary line was performed by The Pecos Railway Construction and Land Company, which was affiliated with The Pecos Valley and Northeastern Railway Company. Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Pecos Valley Railway Company, Predecessor of The Pecos Valley and Northeastern Railway Company
Introductory

The Pecos Valley Railway Company was incorporated August 27, 1890, in the Territory of New Mexico. No general accounting records of the company were obtained for the period from the date of its incorporation to February 17, 1896, the date of receivership. However, certain information during that period has been obtained from operating records of the company, together with its reports to us for the years 1891 to 1897, inclusive. It was controlled on April 21, 1898, the date of sale, by J. J. Hagerman, through ownership of its capital stock. On the other hand, this company itself controlled on the date of sale, through owner ship of the entire capital stock, The Pecos River Railroad Company, which operated its own property.

The property of this company was operated by its own organization from the date it was placed in operation, January, 1891, until the receivership, February 17, 1896. From that date until the date of sale it was operated by a receiver. Although the property of this company was conveyed to The Pecos Valley and Northeastern Railway Company by deed dated April 21, 1898, the results of corporate operations were recorded in its books to April 30, 1898. The railroad operated on the date of sale amounted to 108.22 miles. It consisted of a standard gauge steam railroad, extending from a connection with the railroad of The Pecos River Railroad Company on the New Mexico-Texas boundary line to Roswell, N. Mex.

Development of Fixed Physical Property

The Pecos Valley Railway Company acquired by construction 109.87 miles of road, of which it subsequently abandoned 1.65 miles in the revision of the line between the New Mexico-Texas State line and Carlsbad, N. Mex. The construction work on the portion of the road from the New Mexico-Texas boundary line to Eddy (now Carlsbad), N. Mex., was performed by The Pecos Construction and Land Company, and the work on the portion from Eddy (now Carlsbad), to Roswell, N. Mex., was performed by The Pecos Company. The records reviewed do not indicate whether these construction companies were affiliated with The Pecos Valley Railway Company. Further details with respect to the construction of this property are given in the section on development of fixed physical property in the report on the Santa Fe.

The Pecos Valley Railroad Company, Predecessor of The Pecos Valley Railway Company
The Pecos Valley Railroad Company was incorporated March 10, 1890, in the Territory of New Mexico. No accounting records of the company were obtained. Therefore no information can be given from its accounts regarding its financial dealings or investments. The records reviewed do not indicate whether the company was controlled by any individual or corporation on August 27, 1890, the date of consolidation, or, on the other hand, whether it then con trolled any common-carrier corporation. This company owned no railroad or common-carrier property on the date of consolidation.

The Pecos Northern Railroad Company, Predecessor of The Pecos Valley Railway Company
The Pecos Northern Railroad Company was incorporated August 9, 1890, in the Territory of New Mexico. No accounting records of the company were obtained. Therefore no information can be given from its accounts regarding its financial dealings or investments. The records reviewed do not indicate whether the company was controlled by any individual or corporation on August 27, 1890, the date of consolidation, or, on the other hand, whether it then con trolled any common-carrier corporation. This company owned no railroad or common-carrier property on the date of consolidation.

The Santa Fe Terminal Company of California
Introductory

The Santa Fe Terminal Company of California was incorporated February 23, 1899, in the State of California. Although this company did not convey its property, rights, and franchises to the Santa Fe until July 24, 1912, it discontinued its accounts after November, 1904. The company was controlled on July 24, 1912, the date of sale, by the Santa Fe through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any other common-carrier corporation.

The property was operated under lease by or for the Santa Fe from the date it was placed in operation to the date of sale. During the period from May 1, 1900, to March 31, 1902, the operations were conducted by The San Francisco and San Joaquin Valley Railway Company as agent for the Santa Fe. The common-carrier property owned on date of sale consisted of terminal facilities, including 0.53 mile of yard tracks and sidings, at San Francisco, Calif., also floating and other equipment. The yard tracks and sidings and other terminal facilities were constructed for the company, or under the supervision of the Santa Fe, during the period from 1899 to 1902, inclusive.