Wikipedia:WikiProject Trains/ICC valuations/Kansas Southwestern Railway

Interstate Commerce Commission, Valuation Reports, Volume 116

Location and general description of property
The railroad of The Kansas Southwestern Railway Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad, extending from Arkansas City, Kans., to Anthony, Kans., a distance of 59.298 miles. The carrier also owns yard and side tracks totaling 6.198 miles. Its road thus embraces 65.496 miles of all tracks owned.

Introductory
The carrier is a corporation of the State of Kansas, having its principal office at Topeka, Kans. It is controlled by The Atchison, Topeka and Santa Fe Railway Company. The property of the carrier has been operated by its own organization during its entire life.

Corporate History
The carrier was incorporated under the general laws of Kansas on October 24, 1901, for a period of 900 years, for the purpose of acquiring and operating the railroad and telegraph line formerly owned by The St. Louis, Kansas and Southwestern Railroad Company, details regarding which company are given in the paragraphs of this report devoted to that company.

Development of Fixed Physical Property
All of the 59.298 miles of road owned by the carrier on date of valuation was acquired through purchase from John Penman, of Paris, Ontario, Canada, who had previously purchased the same under foreclosure from The St. Louis, Kansas and Southwestern Railroad Company, which company constructed the line in 1885-1886.

Leased Railway Property
The carrier uses on date of valuation facilities owned by other companies and other companies use facilities owned by the carrier 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: