Wikipedia:WikiProject Trains/ICC valuations/Duluth, Winnipeg and Pacific Railroad

Interstate Commerce Commission, Valuation Reports, Volume 141

Location and General Description of Property
The carrier [Duluth, Winnipeg & Pacific Railway] also leases the property of the Duluth, Winnipeg and Pacific Railroad Company, herein called the Duluth, Winnipeg and Pacific Railroad, consisting of right of way and station grounds between Duluth and Virginia, upon which the railroad owned by the operating company is located. The Duluth, Winnipeg and Pacific Railroad owns no common-carrier property other than land.

Introductory
No accounting records of the Duluth, Winnipeg and Pacific Railroad were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from the minute book and other documents of the company, the records of the carrier, and from Hector Baxter, solicitor for the Minnesota lines of The Canadian Northern Railway Company. The Duluth, Winnipeg and Pacific Railroad is controlled by the carrier on date of valuation through ownership of the entire outstanding capital stock. On the other hand, the records do not indicate that this company controls any common-carrier corporation. The common-carrier property of the Duluth, Winnipeg and Pacific Railroad has been operated by the carrier from the date of completion of the latter company's railroad, December 9, 1912, to date of valuation.

Corporate History
The Duluth, Winnipeg and Pacific Railroad was incorporated March 20, 1909 under the general laws of the State of Minnesota for the purpose of constructing and operating a railroad in the State of Minnesota.

Leased Railway Property
The common-carrier property of the Duluth, Winnipeg and Pacific Railroad, consisting of certain lands and rights, is used by the carrier as right of way and station grounds for its railroad. The terms under which the carrier uses this property were not ascertained.