Wikipedia:WikiProject Trains/ICC valuations/Vandalia Railroad

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Location and General Description of Property
The railroad of the Vandalia Railroad Company, herein called the Vandalia, is a standard-gauge, steam railroad, located in Illinois, Indiana, and Missouri. The mileage operated through ownership, by lease and by virtue of trackage rights, extends from St. Louis, Mo., and Peoria, Ill., to South Bend and Indianapolis, Ind., and Toledo, Ohio. In addition, the Vandalia owns and operates a line from Indianapolis to Vincennes, Ind. The Vandalia wholly owns and uses 651.326 miles of road and wholly uses but does not own 154.462 miles of road owned by other railroad companies, of which 137.559 miles is owned by the lessor company, the Terre Haute and Peoria Railroad Company, and is described in the portion of this report devoted to that company. In addition, the Vandalia jointly uses 7.499 miles of road that is jointly owned by the Terre Haute and Peoria and the Illinois Central Railroad Company. The total mileage of all tracks wholly owned and used is 1,166.430, of all tracks wholly used but not owned, 188.242, of all tracks jointly owned and used, 4.477, and of all tracks jointly used but not owned, 8.153.

Jointly Used Property
A statement of the common-carrier property, other than land, which the Vandalia owns and uses jointly with other carriers, is given elsewhere in this order, under cost of reproduction new, and cost of reproduction less depreciation. In Appendix 2, under leased railway property, will be found a statement showing the property used jointly with other carriers, but not jointly owned, and the terms of the use.

Economic Conditions Relating to Traffic
The territory served by the Vandalia is largely fertile farming land, producing grain, hay, livestock, fruits, vegetables, poultry, and dairy products, etc. Manufacturing is an important industry, with St. Louis, Mo., East St. Louis, Ill., and Indianapolis, Ind., as the largest industrial centers. Bituminous coal is mined at various points on the Vandalia's lines in Illinois and southern Indiana.

Physical Characteristics of Road
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For a railroad of this character, size, and location the volume of grading is below the average. The heaviest grading is on the lines between Indianapolis and East St Louis, averaging about 44,000 cubic yards per mile in Indiana and 40,000 cubic yards per mile in Illinois. The average per mile from Indianapolis to Vincennes is 23,000 cubic yards, on the lines of northern Indiana about 18,500 cubic yards, and on the line owned by the Peoria from Farrington to Farmdale, Ill., about 13,000 cubic yards. The average on the entire system is about 29,000 cubic yards per mile. There is a small percentage of solid and loose-rock classification in the grading on the lines in southern Indiana. On all other parts of the system the grading is almost entirely common excavation.

Corporate History
The Vandalia was incorporated under the general laws of Indiana and Illinois, for the purpose of consolidating the properties, rights, and franchises of The Terre Haute and Indianapolis Rail Road Company; The St. Louis, Vandalia and Terre Haute Railroad Company; Terre Haute & Logansport Railway Company; Logansport & Toledo Railway Company; and Indianapolis and Vincennes Railroad Company. The principal office of the Vandalia is located at Terre Haute, Ind. The property, rights, and franchises of the predecessor companies named were acquired by the Vandalia on January 1, 1905, through a consolidation agreement, dated December 29, 1904, which was filed with the secretaries of state of the States of Indiana and Illinois, on December 30 and 31, 1904, respectively. The Vandalia commenced operating the consolidated properties on January 1, 1905. The Vandalia subsequently acquired, through direct purchase, the property, rights, and franchises of the St. Clair Coal Railway Company, by deed dated January 3, 1908.

On date of valuation, the Vandalia represented the cumulative development of 16 different corporations, the oldest of which was the Columbus and Indianapolis, incorporated on January 16, 1847. Detailed statements containing the dates of incorporation and demise, the immediate successor and manner of succession for all of the Vandalia's predecessors, and the development of the fixed physical property owned by the Vandalia, are given in Appendix 2.

The Vandalia was incorporated under the general laws of Indiana and Illinois through filing with the secretaries of state of those States on December 29, 1904, and December 31, 1904, respectively, an agreement dated December 29, 1904, for the purpose of consolidating the properties, rights, and franchises of The Terre Haute and Indianapolis Rail Road Company, The St. Louis, Vandalia and Terre Haute Railroad Company, The Terre Haute & Logansport Railway Company, the Logansport & Toledo Railway Company, and the Indianapolis and Vincennes Railroad Company. This agreement became effective January 1, 1905. The Vandalia subsequently acquired, through direct purchase, the property, rights, and franchises of the St. Clair Coal Railway Company, by deed dated January 3, 1908. The Vandalia, itself, and those corporations, together with their predecessors, total 20 corporations, of which three underwent a change of name, and complete the line of succession culminating in the Vandalia as at present constituted. Of these companies nine did not construct any railroad. These companies were:


 * Terre Haute & Logansport Railway Company.
 * The Crawfordsville and Rockville Railroad Company.
 * The Frankfort and Crawfordsville Rail Road Company.
 * The Logansport, Camden and Frankfort Railroad Company.
 * Logansport & Toledo Railway Company.
 * Eel River Railroad Company.
 * The Detroit, Logansport and Saint Louis Rail Road Company.
 * Logansport and Northern Indiana Railroad Company.
 * St. Clair Coal Railway Company.

The following chart shows the names of the corporations, the respective dates of incorporation, and for each predecessor the date of succession, the immediately succeeding corporation, and the manner of succession. Reference to each of these corporations is made in the last column by its respective number shown in the first column.

Development of Fixed Physical Property
Of the 651 miles of first main track owned and used by the Vandalia, 648 miles were acquired by consolidation and 3 miles by construction. The manner of acquisition, the companies from which property was acquired upon consolidation, the companies which constructed the property, and the dates upon which the property was opened for operation are indicated below:

By consolidation of Jan. 1, 1905:
 * From The Terre Haute and Indianapolis Rail Road Company and constructed by that company—
 * Terre Haute to Indianapolis, Ind., 1852. 72
 * Terre Haute, Ind., to Indiana-Illinois boundary, 1870. 7
 * Knightsville to Centerpoint, Ind., 1870. 8
 * Brazil to Sabine City, Ind., 1887. 12
 * 99
 * From the St. Louis, Vandalia and Terre Haute Railroad Company and constructed by that company, Indiana-Illinois boundary to East St. Louis, Ill., opened for operation In sections during 1868 and 1870. 159
 * From the Terre Haute & Logansport Railway Company—
 * Constructed by the Logansport, Crawfordsville and South Western Railway Company, Rockville to Logansport, Ind., opened in sections during 1870, 1871, and 1875. 93
 * Constructed by the Terre Haute and Logansport Railroad Company, Logansport to South Bend, Ind., 1883 and 1884. 67
 * 160
 * From the Logansport & Toledo Railway Company, constructed partly by the Auburn & Eel River Valley Rail Road Company and partly by the Toledo, Logansport & Northern Indiana Rail Road Company and by the Detroit, Eel River and Illinois Rail Road Company, Butler to Logansport, Ind., 1874. 93
 * From the Indianapolis and Vincennes Railroad Company and constructed by that company—
 * Indianapolis to Vincennes, Ind., 1867-1869. 118
 * Bushrod to Dugger, Ind., 1884-1885. 19
 * 137

Total. 648


 * By construction by the Vandalia, Jan. 1, 1907, Indianapolis to Maywood Junction, Ind. 3

Grand total. 651

By deed dated January 3, 1908, the Vandalia acquired by purchase the railroad of the St. Clair Coal Railway Company, Collinsville, 111., to Mine 17 of the Consolidated Coal Company, approximately 2.84 miles, classed by the Vandalia as side-track mileage. No main-line mileage was abandoned by the Vandalia during the period from January 1, 1905, to date of valuation, as disclosed by its records.

Leased Railway Property
The Vandalia solely or jointly uses property of other carriers find other carriers jointly use property of the Vandalia as follows:

Property leased from others, used solely by the Vandalia

On date of valuation, the Vandalia used under lease from the Terre Haute and Peoria, the letter's entire owned and jointly owned line of railway, with sill appurtenances thereon. The Terre Haute and Peoria also leased to the Vandalia its right to the joint use with the owners of 15.44 miles of track belonging to the Illinois Central Railroad Company between Decatur Junction and Maroa, and its right to the joint use with the owner of 5.05 miles of track belonging to the Toledo, Peoria and Western Railway Company, between Farmdale and Peoria. The lease under the terms of which the Vandalia operated the property was made October 1, 1892, with the Terre Haute and Indianapolis, a predecessor of the Vandalia, for a period extending to October 1, 1991. The Vandalia maintained the property of the lessor, paid the expenses incident to the operation thereof, and paid a rental to the lessor equivalent to 30 per cent of the gross earnings of the property leased. The payments for the year ended with the date of valuation amounted to $298,980.30, all of which was classified by the Vandalia as rent. Out of the rental received, the Terre Haute and Peoria paid, among other things, taxes, interest on its funded debt, and the joint-facility rents.

The Illinois Central Railroad Company maintains the 7.499 miles of track owned by it and the Terre Haute and Peoria and renders bills against the Vandalia for the Terre Haute and Peoria's proportion calculated on a wheelage basis. All additions and betterments and taxes were divided equally between the owners.

The compensation for the use of the tracks of the Illinois Central Railroad Company between Decatur Junction and Maroa included in the lease between the Terre Haute and Peoria and the Vandalia was based on 3 per cent per annum on a valuation of $783,719.36 for certain tracks used jointly by the Vandalia and the owner, and 6 per cent per annum on a valuation of $17,492.10 for facilities used exclusively by the Vandalia, making a total rental of $24,561.11 per annum. An annual rental of $7,800 was paid by the Terre Haute and Peoria for the 5.05 miles of railroad between Farmdale and Peoria leased to the Vandalia.

At date of valuation the Vandalia used exclusively, under lease, the railway of the Chicago and Eastern Illinois Railroad Company, extending from Otter Creek Junction to Rockville, Ind., 16.903 miles. This lease also includes the joint use of the tracks of the Chicago and Eastern Illinois Railroad Company, extending from Terre Haute to Otter Creek Junction, Ind., 6 miles. The lease covering the use of this property was made November 1, 1879, with the Terre Haute & Logansport, a predecessor of the Vandalia, for a period extending to November 1, 1978. Under its terms the Vandalia maintained and operated the property from Otter Creek Junction to Rockville, Ind., and paid as an annual rental for the property exclusively operated and the property jointly operated $9,000 per annum, all of which was classified by the Vandalia as rent.

Property owned by others, used jointly by the Vandalia

At Peoria, Ill., the Vandalia used 0.17 mile of track and the passenger and freight facilities of the Peoria and Pekin Union Railway Company. For the use of the track and terminal facilities the Vandalia paid an annual rental of $22,500, and, in addition thereto it paid a proportion of the expense of maintenance and operation, divided on a wheelage basis. For switching facilities the Vandalia paid $1 per car on through freight and $1.25 per car on local freight. For freight handled through the freight house the Vandalia paid 28 cents per ton. The total payment made by the Vandalia for the year 1916 was $83,501.31, of which $22,500 was classed as rent and the balance was charged to operating expenses.

Between Butler, Ind., and Gould, Ohio, 69.04 miles, the Vandalia used the tracks of the Wabash Railway Company for freight and passenger traffic, and between Gould and Toledo, Ohio, 5.50 miles for passenger traffic only. For the use of the tracks between Butler, Ind., and Gould, Ohio, the Vandalia paid an annual rental of $71,000, plus 2.5 per cent on the cost of improvements (amount not determinable), a proportion of the expense of maintenance and operation on a car-mileage basis and 50 per cent of taxes. For the use of the tracks between Gould and Toledo, the Vandalia paid $1 per passenger-train mile in addition to paying $200 per month for the cost of supervision of the tracks by general officers. The total payments made by the Vandalia for the year 1916 aggregated $115,377.07, of which $89,785.96 was classed as rent and the balance was charged to operating expenses.

At Toledo, Ohio, the Vandalia used 0.38 mile of track and the passenger depot and facilities of The New York Central Railroad Company. For the use of these facilities the Vandalia paid a proportion of 6 per cent per annum on a valuation of $630,557.01, and expense of maintenance and operation divided on a basis of the number of trains in and out of the station. The total payments made by the Vandalia for the year 1916 aggregated $2,574.99, of which $492.64 was classed as rent and the balance was charged to operating expenses.

At Toledo, Ohio, the Vandalia used 1.50 miles of track and the freight station and facilities of The Toledo, Columbus and Ohio River Railroad Company, for which it paid an annual rental of $12,000. The payment made by the Vandalia for the year 1916 was $12,000, of which amount $4,800 was classed as rent and the balance was charged to operating expenses.

Between Gould and Walbridge, Ohio, 7.79 miles, the Vandalia used the tracks of the Toledo Terminal Railroad Company for freight traffic. The compensation for the use of these tracks was 4.5 cents per car mile with a maximum charge of $1.25 per train-mile. The total payment made by the Vandalia for the year 1916 was $7,284.41, of which amount $3,632.45 was classed as rent and the remainder was charged to operating expenses.

At Indianapolis, Ind., the Vandalia used 0.12 mile of track, and the passenger station and terminal facilities of the Indianapolis Union Railway Company. For the use of these facilities the Vandalia paid a proportion of the expenses of maintenance and operation divided on a wheelage basis, and in addition paid an equal proportion with other tenants of 7 per cent per annum on the investment in the property of the Indianapolis Union Railway Company (the amount not determinable), 4.5 per cent per annum on $1,000,000 of bonds, and 1 per cent per annum for the redemption of bonds. For the year 1916 the Vandalia paid $117,042.64 for the use of the these facilities, of which $33,375.82 was classed as rent, and the balance was charged to operating expenses.

At Indianapolis, Ind., the Vandalia used 0.07 mile of track of The Cleveland, Cincinnati, Chicago and St. Louis Railway Company, without a written agreement, and the records of the Vandalia did not disclose separately any payment made for the use of this track for the year 1916.

The Vandalia used the facilities of the Terminal Railroad Association of St Louis, consisting of 3.18 miles of track between East St. Louis, Ill., and St. Louis, Mo., and 10.43 miles of track between Willows, Ill., and St. Louis, Mo.; also the Eads Bridge and the Merchants Bridge, the Washington Avenue and Union passenger stations, and the freight station in St. Louis, Mo. The compensation for the use of tracks and passenger facilities was based upon a fixed rate for passenger cars and a proportion of the expense of maintenance and operation divided on a wheelage basis; the compensation for the use of the freight station was based on a proportion of the expense of maintenance and operation divided on a tonnage basis. The total payment for the year 1916, as recorded by the Vandalia, aggregated $171,997.48, of which amount $66,244.06 was classed as rent and the remainder was charged to operating expenses.

In addition to the foregoing the Vandalia used jointly with the owners other facilities of minor importance, consisting of interlockers, crossings, targets, passenger and freight stations, and interchange facilities.

Property owned and operated by the Vandalia, used jointly by other carriers

Between Sand Creek and Waveland Junction, Ind., the Central Indiana Railway Company used 9.376 miles of track of the Vandalia. The compensation for the use of this track was fixed at $3,600 per annum, one-half the taxes, and a proportion of the expense of maintenance and operation divided on a car basis. The payment received by the Vandalia for the year 1916 was $5,151.36, of which $3,668.92 was classed as rent and the balance was credited to operating expenses.

At Indianapolis, Ind., the Illinois Central Railroad Company used 0.06 mile of track between McGill Street and Senate Avenue, and 0.04 mile of track between McGill Street and Capital Avenue, of the Vandalia. The compensation for the use of the 0.06 mile of track was fixed at $1,200 per annum and for the use of the 0.04 mile of track 50 cents for each car or engine passing over same. The total payment received by the Vandalia for the use of these facilities for the year 1916 aggregated $3,299.50, of which $2,489.65 was classed as rent and the balance was credited to operating expenses.

Between Willows and East St. Louis, Ill., the St. Louis Southwestern Railway Company used 1.67 miles of track of the Vandalia, the compensation for which was based on $1.65 per train (passenger trains only). The total payment received by the Vandalia for the year 1916 was $2,396.90, of which $1,917.72 was classed as rent and the remainder was credited to operating expenses.

Between Brazil and Saline City, Ind., the Evansvllle and Indianapolis Railroad Company uses the tracks of the Vandalia. The compensation for the use of these tracks was based on a rental of $3,000 per annum and 3 per cent per annum on the value of improvements (the amount not determinable). The total payment received by the Vandalia for the year 1916 was $3,036.72, all of which was classed as rent.

At Terre Haute, Ind., the Chicago, Terre Haute and Southeastern Railway Company used the passenger station and facilities of the Vandalia. The compensation for the use of these facilities was based on 5 per cent per annum on a valuation of $265,000 and expense of maintenance and operation divided on a car basis. The total payment received by the Vandalia for the year 1916 was $2,742.74, of which $519.05 was classed as rent and the balance was credited to operating expenses.

At Terre Haute, Ind., the Chicago and Eastern Illinois Railroad Company used the passenger station and facilities of the Vandalia. The compensation for the use of these facilities was based on 5 per cent per annum on a valuation of $265,000 and expense of maintenance and operation divided on a car basis. The total payment received by the Vandalia for the year 1916 was $15,315.41, of which amount $2,888.28 was classed as rent and the remainder was credited to operating expenses.

At Terre Haute, Ind., the Evansville and Indianapolis Railroad Company used the passenger station and facilities of the Vandalia. For the year 1916 the Vandalia received $463.62 for the use of these facilities, on a basis of 5 per cent per annum on a valuation of $265,000 and a proportion of the expense of maintenance and operation divided on a car basis.

At Vincennes, Ind., The Cleveland, Cincinnati, Chicago and St. Louis Railway Company used 1.28 miles of track, the freight station, and yards of the Vandalia. The compensation for the use of these tracks and facilities was based on 2.5 per cent per annum on a valuation of $38,638.41, 50 per cent of the expense of crossing protection, and 37.5 per cent of all other costs. The total payment received by the Vandalia for the year 1916 was $13,751.07, of which amount $965.96 was classed as rent and the balance was credited to operating expenses.

In addition to the foregoing there were certain other facilities of minor importance of the Vandalia used jointly with other carriers, consisting of interlockers, crossings, crossing protection, passenger and freight stations, and interchange facilities.