Wikipedia:WikiProject Trains/ICC valuations/Panhandle and Santa Fe Railway

Interstate Commerce Commission, Valuation Reports, Volume 127

Location and General Description of Property
The railroad of Panhandle and Santa Fe Railway Company, hereinafter called the Panhandle and Santa Fe, is a single-track standard-gauge steam railroad, located in the northwestern part of Texas. The owned mileage extends southwesterly from the Oklahoma-Texas State line, near Higgins, Tex., to Amarillo, Tex. The Panhandle and Santa Fe also operates under lease all of the common-carrier property owned by The Pecos River Railroad Company, which is described in the paragraph below, and a portion of the common-carrier property of The Pecos and Northern Texas Railway Company. The property leased from the last-named company, aggregating 485.889 miles of road, consists of a main line extending in a southwesterly direction from Amarillo, Tex., to the Texas-New Mexico State line at Farwell, Tex., and thence in a southeasterly direction to Sweetwater, Tex., with branches from Canyon, Tex., to Lubbock, Tex.; from Plainview, Tex., to Floydada, Tex.; and from Slaton Junction, Tex., to Lamesa, Tex.

Introductory
The Panhandle and Santa Fe is a corporation of the State of Texas. Its principal office, originally established at Fort Worth, Tex., was, by charter amendment, moved to Panhandle City, Tex., on August 24, 1889, and to its present location at Amarillo, Tex., November 9, 1899. The Panhandle and Santa Fe was organized in the interest of, and is controlled by, The Atchison, Topeka and Santa Fe Railway Company, through ownership of its capital stock. On the other hand, the records do not indicate that this company itself controls any other carrier corporation.

On December 5, 1898, the property of The Panhandle Railway Company, consisting of about 14.5 miles of completed road between Panhandle City and Washburn, Tex., was purchased at foreclosure sale by B. Wilder, treasurer of The Atchison, Topeka and Santa Fe Railway Company, and was by him conveyed by deed to the Panhandle and Santa Fe under its former name on January 1, 1900. This property was operated by the Panhandle and Santa Fe, under lease, from April 20, 1898, and as owned property from December 5, 1898, to April 12, 1908, when, upon completion of the line from Panhandle City to Amarillo, Tex., it was abandoned and removed in its entirety.

Corporate History
The Panhandle and Santa Fe was incorporated on November 2, 1886, under provisions of chapter 1, title 84, of the Revised Statutes of Texas, as The Southern Kansas Railway Company of Texas, for a period of 50 years. On June 5, 1914, its name was changed to Panhandle and Santa Fe Railway Company.

Development of Fixed Physical Property
The Panhandle and Santa Fe acquired Its property by purchase and construction. The following statement shows the termini of the various sections, the dates purchased or the dates construction commenced, the dates the sections were placed In operation, and the mileage:

Leased Railway Property
The Panhandle and Santa Fe uses on date of valuation facilities owned by other companies and other companies use facilities owned or leased by the Panhandle and Santa Fe 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: The amounts paid and received as joint-facility rents are shown in the net item of $27,107.97 in the income account.