Wikipedia:WikiProject Trains/ICC valuations/Colorado–Kansas Railway

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The railroad of The Colorado–Kansas Railway Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad, located in the central part of Colorado. The owned mileage extends northwesterly from Pueblo, Colo., to Stone City, Colo., a distance of 22.851 miles. The carrier also owns yard and side tracks totaling 2.477 miles. Its road thus embraces 25.238 miles of all tracks owned. In Appendix 1 will be found a general description of the property of the carrier.

Corporate history.—The carrier was incorporated on April 1, 1911, under the general laws of the State of Colorado, for a period of 50 years. Its principal office is at Pueblo, Colo. It is controlled by a syndicate, of which J. R. Greenlees, of Lawrence, Kans., and F. G. Kelley and C. W. Crews, of Pueblo, are the managers. The detailed facts as to the development of the fixed physical property are given in Appendix 2.

On April 3, 1911, the carrier purchased from Charles E. Sutton, trustee for the owners of Kansas–Colorado Railroad Company, about 1.5 miles of complete road, which extended from the west line of Victoria Avenue, in Pueblo, to a connection with The Atchison, Topeka and Santa Fe Railway Company, in Irving Place, Pueblo, and about 19.5 miles of right of way and graded roadbed from the last-named point to Stone City. This property had been created by or for the Kansas–Colorado Railroad Company. Later in 1911 the carrier entered into an agreement with F. G. Kelley, J. R. Greenlees, and C. W. Crews, managers for the syndicate, under the terms of which they were to complete the construction of the 19.5 miles and provide certain equipment. The syndicate managers commenced the completion of the line in the latter part of 1911. About 12.5 miles of the purchased right of way and graded roadbed were utilized, and about 7 miles of it, located immediately south of Stone City and on the east side of what is known as Turkey Creek, were abandoned. In lieu of the portion abandoned the syndicate managers constructed about 8 miles of road on the west side of Turkey Creek. The entire line, extending from Stone City to Pueblo, in all about 23 miles of main line and about 2.5 miles of other tracks, was completed and opened for operation on August 1, 1912.
 * DEVELOPMENT OF FIXED PHYSICAL PROPERTY


 * HISTORY OF CORPORATE FINANCING

The Kansas–Colorado Railroad Company was incorporated on June 12, 1908, under the general laws of the State of Colorado, for a period of 50 years. Its declared purpose was substantially the same as that of its successor, the carrier, stated in this appendix. The main line of its proposed railroad was to extend from a point in Fremont County, Colo., southeasterly, to a point in Pratt County, Kans. Its proposed branch line was to extend from Garden City, Kans., northwesterly, to Scott City, Kans.
 * KANSAS-COLORADO RAILROAD COMPANY (PREDECESSOR OF THE CARRIER)
 * CORPORATE HISTORY

The books and records of the Kansas–Colorado Railroad Company could not be located, and but little information concerning it could be secured. Sometime between June 12, 1908, and November 28, 1910, the Kansas–Colorado Construction Company and A. B. Hulit, a contractor, constructed about 1.5 miles of railroad, which extended from the west line of Victoria Avenue, in the city of Pueblo, Colo., westerly, to a connection with The Atchison, Topeka and Santa Fe Railway Company, in Irving Place, Pueblo. They also purchased right of way and graded a roadbed from the last-named point, northeasterly to Stone City, Colo., about 19.5 miles. Apparently, they also graded a roadbed east of Pueblo, but its extent and location could not be ascertained.

On November 10, 1910, Ashbury White was appointed receiver for the Kansas–Colorado Railroad Company, and on November 28, 1910, sold under foreclosure the section of completed road and the section of right of way and graded roadbed to Charles E. Sutton, trustee for the owners. The graded roadbed east of Pueblo was not included in the sale. On April 3, 1911, Sutton conveyed the property thus acquired to the carrier, which had been previously incorporated.

No records of the amount expended by or for the Kansas–Colorado Railroad Company could be found. Its authorized capital stock was $5,000,000, but it was not determinate what part of it, if any, was issued. No part of the property was operated by the Kansas–Colorado Railroad Company.