Wikipedia:WikiProject Trains/ICC valuations/Northwestern Pacific Railroad

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The railroad of Northwestern Pacific Railroad Company, hereinafter called the Northwestern Pacific, is located entirely within California. The main lines extend from Tiburon northerly to Trinidad and from Sausalito to Cazadero. The principal branch lines extend from Ignacio to Glen Ellen, from Willits to Sherwood, from Fulton to Monte Rio, and a disconnected line extends from Christine to Albion.

The owned road is of standard, narrow, and combination narrow and standard gage, and is operated by both steam and electricity. Of the total road mileage owned, 15.609 miles is double track, 65.160 miles is narrow gage, and 16.607 miles is three rail. Of the second main track, 9.514 miles is three rail.

The principal cities served by this carrier are San Francisco, Oakland, Willits, and Eureka.

The Northwestern Pacific also owns and operates lines of passenger and freight ferries between San Francisco and Sausalito, San Francisco and Tiburon, and Sausalito and Tiburon.

The Northwestern Pacific wholly owns 506.319 miles of road, all of which it uses. It also uses 2.102 miles of road owned by a lessor, as described in the paragraph below.

The railroad of the San Rafael and San Quentin Rail Road Company, hereinafter called the San Rafael and San Quentin, which is leased to and operated by the Northwestern Pacific, is a single-track, standard-gage line, located entirely within the State of California and extending from a connection with the line of the Northwestern Pacific at Schuetzen, near San Rafael, to Point San Quentin, 2.102 miles.

The Northwestern Pacific wholly owns and uses 670.284 miles of all tracks and uses but does not own 3.594 miles of all tracks. The Northwestern Pacific also jointly owns and uses with another carrier 0.038 undivided mile of all tracks. These tracks, consisting of first and second main tracks and yard tracks and sidings, are classified in the trackage table in appendix 1.

Each of the above-named predecessors was incorporated under the general laws of California, except 30 and 33, which were incorporated in New Jersey and Nevada, respectively.

At date of valuation proceedings were under way to complete the title of the Northwestern Pacific to the property of the Humboldt Railroad Company, consisting of an interest in certain franchises and tracks in the city of Eureka. No construction was ever done by the Humboldt Railroad Company and no physical property was ever owned by it, except its interest in certain franchises and rights in the city of Eureka, Calif.

The company owned no property except an interest in certain franchises and tracks in the city of Eureka, Calif. This company, when incorporated, proposed to build and operate a railroad from Dyerville to Crescent City, Calif., 135 miles. It was incorporated and controlled by interests of the Hammond Lumber Company. No construction work was ever done by the railroad company. On May 18, 1903, this company and The Eureka and Klamath River Railroad Company leased their entire properties jointly to the Oregon and Eureka Railroad Company for operation. All of these companies were controlled by the Hammond interests.
 * HUMBOLDT RAILROAD COMPANY—PREDECESSOR OF THE NORTHWESTERN PACIFIC

Concurrently, and in connection with the sale of the control of The Eureka and Klamath River Railroad Company to H. E. Huntington, vice president of the Southern Pacific Company, it was agreed that the entire capital stock of the Humboldt Railroad Company would be delivered, without specific consideration, to Huntington. The directors of the Humboldt Railroad Company, as holders of its stock, later assigned all of their interest, therein to the Southern Pacific Company.

At the time of the consolidation of several properties controlled by the Southern Pacific Company and The Atchison, Topeka and Santa Fe Railway Company to form the Northwestern Pacific, through a seeming oversight no consideration was taken of the Humboldt Railroad Company's interest in the franchises and right of way in Eureka. As a consequence, that company did not appear as a party to the consolidation referred to.

At date of valuation, June 30, 1916, the chain of title of the aforementioned property from the Humboldt Railroad Company to the Northwestern Pacific was incomplete. Subsequent to June 30, 1916, proceedings were under way to complete the title by means of deed of the surviving trustees of the Humboldt Railroad Company to the Northwestern Pacific.