Wikipedia:WikiProject Trains/ICC valuations/Louisiana Railway and Navigation Company

Interstate Commerce Commission, Valuation Reports, Volume 106

Location and General Description of Property
The railroad of Louisiana Railway & Navigation Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad, located entirely within Louisiana, of which the main line extends a distance of 303.966 miles from New Orleans, via Baton Rouge and Alexandria, to Shreveport and a branch line extends a distance of 27.184 miles from Aloha to Winnfield. Between Angola and Naples, a distance of about 8 miles, the carrier's cars are transported on car-ferry barges owned and operated by the Angola Transfer Company. The route crosses the Mississippi River at Angola and traverses a channel known as Old River to the incline at Naples, just above the mouth of Red River and near the head of Atchafalaya River. The inclines and cradles at Angola and Naples are owned by the carrier. The 8 miles referred to are not included in the main-line mileage stated above, all of which represents tracks owned by the carrier. The carrier also wholly owns and uses 104.962 miles of sidings, making a total of 436.112 miles of all tracks wholly owned and used. In addition to the above the carrier, jointly owns and uses with other carriers, 2.204 miles of sidings, making a total of 438.316 miles of all tracks used. The carrier leases to the Alexandria Lumber Company for exclusive use one locomotive and 74 steel flat cars. In Appendix 1 will be found a general description of the property of the carrier.

Corporate History
The carrier was incorporated on June 22, 1903, under the general laws of Louisiana, for a period of 99 years. On the same date, it succeeded by purchase to the property, rights, and franchises of the Shreveport and Red River Valley Railway Company, which had been incorporated on July 23, 1897. The principal office of the carrier is at Shreveport. Detailed data with respect to the development of fixed physical property of the carrier are given in Appendix 2.

Reference is made to the report of the accounting section for information respecting the predecessor of the carrier, the Shreveport and Red River Valley Railway Company.

Development of Fixed Physical Property
On June 22, 1903, the carrier purchased from the Shreveport and Red River Valley Railway Company a completed railroad extending from Shreveport, via Alexandria including the bridge over the Red River at that point, to Mansura, about 152 miles; a partially constructed main line from Mansura, southeasterly, toward New Orleans, about 71 miles; and a partially constructed branch line from Aloha to Winnfield, about 27 miles, together with certain spur and other tracks. Through the Louisiana Central Construction Company, the carrier completed the partially constructed lines and extended the road to New Orleans, about 81 miles. The partially constructed lines and the extension to New Orleans were completed in December, 1906. On date of valuation, the carrier was using 8.13 miles of terminal tracks of others, the details of which are shown under the caption Leased Railway Property.

Leased Railway Property
At date of valuation the carrier was using jointly, under leases, certain property of other carriers, and certain property of the carrier was being jointly used by others. The description of such property, and the basis of payment during the last year preceding date of valuation, follows: In addition to the foregoing, the Angola Transfer Company ferries the carrier's trains from Naples, through the mouth of the Red River, into and through what is known as Old River, and across the Mississippi River, to Angola, about 8 miles. The agreement between the carrier and the Angola Transfer Company provides the following rates for ferrying the trains: The agreement further provides that if the above-mentioned rates are not sufficient, after charging depreciation, to pay 6 per cent on the Angola Transfer Company's invested capital, the carrier is to pay an additional amount to equal that sum. During the year ended with date of valuation, the carrier paid the Angola Transfer Company $76,277 for ferrying its trains.
 * For each passenger-train car $4
 * For each freight-train car $2
 * For each locomotive $5