Wikipedia:WikiProject Trains/ICC valuations/Bingham and Garfield Railway

Interstate Commerce Commission, Valuation Reports, Volume 106

Location and General Description of Property
The railroad of Bingham & Garfield Railway Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad located in the north-central part of Utah. The owned mileage extends in a southerly direction from Garfield to Bingham, a distance of 19.613 miles, with four spurs aggregating 11.748 miles in length, making a total main-track mileage of 31.361 miles. The carrier also owns yard and side tracks totaling 29.208 miles. Its road thus embraces 60.569 miles of all tracks wholly owned. In Appendix 1 will be found a general description of the property of the carrier.

Corporate History
The carrier was incorporated July 8, 1908, under the general railroad laws of Utah. The purpose for which it was incorporated was to construct and operate a railroad between Bingham and the mining property in the vicinity thereof and Garfield and the smelting plants in that vicinity, a distance of about 20 miles. The carrier was organized on the same date. The articles of incorporation were amended by the carrier filing a certificate dated September 7, 1912, providing for a terminus at Saltair Beach and for about 35 miles of main-line railroad and by filing certificates dated November 7, 1911, and June 11, 1913, providing for increases in the authorized capital stock. The first certificates so filed changed the capital stock authorized to $2,500,000 par value and the last to $6,000,000 par value. From the date it acquired certain yard and side tracks on April 1, 1910, to the date its main line of railroad between Garfield and Bingham was placed in operation September 15, 1911, effective in the accounts as of October 1, 1911, the carrier's property was operated by the Utah Copper Company. Since the last-mentioned date such of the property, with the exception of certain mileage leased to the Utah Copper Company, has been operated by the carrier's own organization. The principal office of the carrier is located at Salt Lake City. The detailed facts as to the development of fixed physical property are given in Appendix 2.

Development of Fixed Physical Property
On April 1 and August 1, 1910, the carrier acquired certain yard tracks and sidings from the Utah Copper Company. The road owned or operated by the carrier on date of valuation had been acquired as follows:

The following differences exist between the mileage of the carrier and that ascertained by our inventory:

The consist of the several differences has not been ascertained.

Leased Railway Property
The carrier used property of others and other carriers and noncarrier companies used the property of the carrier to the extent indicated below, the amounts stated as rentals payable or receivable being those accrued for the year ended on date of valuation:


 * Solely owned but not used, leased to the—
 * Solely owned but jointly used, used with the—
 * Jointly used but not owned, owned by the—
 * Jointly used but not owned, owned by the—
 * Jointly used but not owned, owned by the—
 * Jointly used but not owned, owned by the—
 * Jointly used but not owned, owned by the—