Wikipedia:WikiProject Trains/ICC valuations/Denver Union Terminal Railway

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The Denver Union Terminal Railway Company, hereinafter called the carrier, owns and maintains a union station with the necessary switching facilities at Denver, Colo. The property extends from Cherry Creek to Twenty-first Street between Wynkoop and Delgany Streets. The carrier owns and uses 4.130 miles of standard-gauge yard tracks and sidings, and 1.767 miles of three-rail yard tracks and sidings. Its road thus embraces 5.897 miles of all tracks.

The carrier is a corporation of the State of Colorado, having its principal office at Denver, Colo. It is controlled jointly, through equal ownership of its capital stock, by the companies named below, hereinafter referred to as the controlling companies:
 * APPENDIX 2
 * INTRODUCTORY
 * The Atchison, Topeka and Santa Fe Railway Company.
 * Chicago, Burlington & Quincy Railroad Company.
 * The Chicago, Rock Island and Pacific Railway Company.
 * The Colorado and Southern Railway Company.
 * The Denver and Rio Grande Railroad Company.
 * Union Pacific Railroad Company.

The records reviewed do not indicate that the carrier controls any other common-carrier corporation. The carrier has operated its property with its own organization since the dates acquired by it.

The carrier was incorporated August 17, 1912, under the general laws of the State of Colorado, for the stated purpose of acquiring and operating the railroad property of The Union Depot and Railway Company and also for acquiring and operating additional railroad property within the city and county of Denver, Colo. The carrier purchased on March 1, 1914, the property, rights, and franchises of The Union Depot and Railway Company, which had been incorporated November 17, 1899, under the general laws of the State of Colorado. The latter company had purchased on November 20, 1899, the property, rights, and franchises of The Union Depot and Railroad Company, which had been incorporated November 21, 1879, under the general laws of the State of Colorado.
 * CORPORATE HISTORY

The original property of the carrier was acquired by purchase on March 1, 1914, effective April 1, 1914, from The Union Depot and Railway Company. The property so acquired consisted of a stone depot building with tracks and other facilities. The lands for the above-mentioned original terminal property were acquired during 1879 and 1880, the construction of the depot building was begun in 1880, and the property was placed in operation about June 1, 1881, by The Union Depot and Railroad Company.
 * DEVELOPMENT OF FIXED PHYSICAL PROPERTY

After the carrier purchased this property in 1914, it immediately reconstructed and improved the same. The reconstruction work included the removal of the center section of the depot building, which was replaced by a section of larger dimensions, the raising and remodeling of the Sixteenth Street viaduct, and the relocating and re-laying of the terminal tracks. The new construction work included the construction of passenger and baggage subways, electric elevators, interlocking plants, a power distribution system, additional tracks, and an approach to the Twentieth Street viaduct. The carrier purchased from affiliated companies additional lands that were required in connection with extending its property.

Practically all construction work was performed under contract by various individuals or firms for the carrier and its predecessors. The records examined do not indicate that any of these contractors were affiliated with the railroad companies.


 * HISTORY OF CORPORATE FINANCING