Wikipedia:WikiProject Trains/ICC valuations/Chicago, Burlington and Quincy Railroad

Interstate Commerce Commission, Valuation Reports, Volume 134

Chicago, Burlington & Quincy Railroad

Location and General Description of Property

The railroad of Chicago, Burlington & Quincy Railroad Company, herein called the Burlington, is a standard-gauge, steam railroad, situated in the States of Illinois, Iowa, Missouri, Nebraska, Kansas, Colorado, Wyoming, Montana, South Dakota, Wisconsin, and Minnesota. The owned mileage consists of main lines radiating from Chicago, Ill., westerly to Denver, Colo., northwesterly to St. Paul and Minneapolis, Minn., and southwesterly to Kansas City, Mo.; from St. Louis, Mo., westerly to Mexico, Mo., northwesterly to Huntley, Mont., northerly to Savanna, Ill., and northerly to Burlington, Iowa; from Kansas City, Mo., westerly to Oxford, Nebr., and northerly to Council Bluffs, Iowa, and Omaha, Nebr.; and from Denver, Colo., northerly to Fromberg, Mont. There are numerous branch or feeder lines, particularly in Illinois, Iowa, and Nebraska. In all, the Burlington owns and uses 8,972.787 miles of road. The road is single track, with the exception of about 6 miles of four-track road between Chicago union station and Clyde, Ill., about 37 miles of three-track road between Clyde and Montgomery, Ill., and about 916 miles of double track road variously located.

The Burlington also leases for sole operation 30.824 miles of first main track of the Colorado and Southern between Orin Junction and Wendover, Wyo., and, with others, uses the entire property of The Atchison and Eastern Bridge Company across the Missouri River at Atchison, Kans.

The Burlington wholly owns and uses 13,019.010 miles of all tracks, wholly owns but does not use 1.207 miles of all tracks, and wholly uses but does not own 122.562 miles of all tracks. These tracks are classified in the trackage table and Appendix 1. The Burlington also jointly owns and uses 57.932 miles of all tracks and jointly uses but does not own 0.328 mile of all tracks, as shown in the trackage table in Appendix 1.

Introductory

The Burlington is a corporation of the State of Illinois, having its principal office at Chicago, Ill. On July 14, 1856, The Chicago, Burlington and Quincy Rail Road Company was incorporated under the general laws of the State of Illinois, through filing of articles of consolidation, dated July 9, 1856, of The Chicago, Burlington and Quincy Railroad Company and the Central Military Tract Railroad Company. Although the articles of consolidation were filed July 14, 1856, the accounts of the consolidated company record the results of corporate operations from July 1, 1856. On June 24, 1864, The Chicago, Burlington and Quincy Rail Road Company and the Peoria & Burlington Rail Road Company entered into an agreement for the consolidation of their stock and property into one corporation named The Chicago, Burlington and Quincy Rail Road Company, under authority of special acts of the Legislature of the State of Illinois, approved February 28, 1854, and June 10, 1863, respectively. In accordance with the agreement of June 24, 1864, the stock of the Peoria and Burlington Rail Road Company, all of which was held by officials and stockholders of The Chicago, Burlington and Quincy Rail Road Company, was transferred to the latter company for cancellation and no new stock issued therefor. No new books of account were opened as of June 24, 1864, but those of The Chicago, Burlington and Quincy Rail Road Company were continued.

It is pointed out that the Peoria and Burlington Rail Road Company was incorporated April 12, 1864. This incorporation was in connection with the reorganization of the western division of the Peoria and Oquawka Rail Road Company, sold at foreclosure sale July 1, 1862, and acquired by a committee in the interest of The Chicago, Burlington and Quincy Rail Road Company which company was the principal creditor, and had operated the western division of the Peoria and Oquawka Rail Road Company under lease from the time it was completed in 1857. No books of account were kept for the Peoria & Burlington Rail Road Company.

The Chicago, Burlington & Quincy Railway Company, hereinafter referred to as the lessee, was incorporated in Iowa on October 17, 1901, and took a 99-year lease, effective October 1, 1901, on the railway property of the Burlington at an annual rental, based on interest on funded debt, sinking-fund charges, taxes, and dividends at the rate of 7 per cent per annum on the capital stock. The lessee continued the operation of the property until June 30, 1907, when by mutual agreement the arrangement was terminated and the Burlington resumed operation of the property. During the period of the lease the lessee made direct payments of the taxes, funded-debt interest, sinking-fund contributions, and dividends. The financial transactions and investments made for account of the Burlington were first recorded in the books of the lessee and then transferred currently to the books of the Burlington. Upon the termination of the lease the open accounts on the books of the lessee, including the surplus, together with the cost of incorporating the lessee, were transferred to the books of the Burlington, since which date the lessee has been inactive. Through the handling of the accounts as mentioned the books of the Burlington in effect reflect the accounting transactions of the lessee, therefore, a separate report on the lessee has not been included herein. Whatever may have been the legal status of the incorporation under the agreement of June 24, 1864, or the lease arrangement with the lessee, the accounts are in effect continuous as for one incorporation from July 14, 1856, to date of valuation and the report upon the Burlington has therefore been made as for a company operating continuously since July, 1856.

The Burlington is controlled by the Great Northern Railway Company and the Northern Pacific Railway Company through joint ownership of about 98 per cent of the capital stock. On the other hand, the Burlington controls, through ownership of the entire capital stock of both, the Black Hills and Fort Pierre and the Deadwood Central, whose common-carrier properties it operates under arrangements described in the chapter devoted to Leased Railway Property. It controls, further, through ownership of the entire capital stock, the Quincy, Omaha & Kansas City and through ownership of 64 per cent of the capital stock, the Colorado and Southern, whose common-carrier properties are operated by their own organizations. The Burlington controls, jointly with other companies, through ownership of capital stock to the extent indicated, the following named companies, the common-carrier properties of which are operated by their own organizations.

[Companies]	Stock Ownership Per cent
Atchison Union Depot and Railroad Company, jointly controlled with The Chicago, Rock Island and Pacific Railway Company; The Atchison, Topeka and Santa Fe Railway Company; and Missouri Pacific Railroad Company.	37½
The Belt Railway Company of Chicago, jointly controlled with The Atchison, Topeka and Santa Fe Railway Company; The Chesapeake and Ohio Railway Company, of Indiana; Chicago and Erie Railroad Company; Chicago and Eastern Illinois Railroad Company; Chicago, Indianapolis and Louisville Railway Company; The Chicago, Rock Island and Pacific Railway Company; Grand Trunk Western Railway Company; Illinois Central Railroad Company; Minneapolis, St. Paul & Sault Ste. Marie Railway Company; Pennsylvania Company; and Wabash Railway Company.	8⅓
Chicago Union Station Company, jointly controlled with Chicago, Milwaukee and St. Paul Railway Company; Pennsylvania Company; and The Pittsburg, Cincinnati, Chicago and St. Louis Railroad Company.	25
Davenport, Rock Island and North Western Railway Company, jointly controlled with Chicago, Milwaukee and St. Paul Railway Company.	50
The Denver Union Terminal Railway Company, jointly controlled with The Atchison, Topeka and Santa Fe Railway Company; The Chicago, Rock Island and Pacific Railway Company; The Colorado and Southern; The Denver and Rio Grande Railroad Company; and Union Pacific Railroad Company.	16⅔
Hannibal Union Depot Company, jointly controlled with Wabash Railway Company and Missouri, Kansas & Texas Railway Company.	58½
Iowa Transfer Railway Company, jointly controlled with The Chicago, Rock Island and Pacific Railway Company; Chicago, Great Western Railroad Company; Des Moines Western Railway Company; and Des Moines Union Railway Company.	20
Kansas City Terminal Railway Company, jointly controlled with The Atchison, Topeka and Santa Fe Railway Company; The Chicago and Alton Railroad Company; Chicago Great Western Railroad Company; The Chicago, Rock Island and Pacific Railway Company; Chicago, Milwaukee and St. Paul Railway Company; The Kansas City Southern Railway Company; Missouri, Kansas & Texas Railway Company; Missouri Pacific Railroad Company; St. Louis-San Francisco Railway Company; Union Pacific Railroad Company; and Wabash Railway Company.	8½
Keokuk Union Depot Company, jointly controlled with The Chicago, Rock Island and Pacific Railway Company; Toledo, Peoria & Western Railway Company; and Wabash Railway Company.	40
The Minnesota Transfer Railway Company, jointly controlled with Chicago Great Western Railroad Company; Chicago, Milwaukee and St. Paul Railway Company; The Chicago, Rock Island and Pacific Railway Company; Chicago, Saint Paul, Minneapolis and Omaha Railway Company; Great Northern Railway Company; The Minneapolis & St. Louis Railroad Company; Minneapolis, St. Paul & Sault Ste. Marie Railway Company; and Northern Pacific Railway Company.	11 1/9
Paducah & Illinois Railroad Company, jointly controlled with The Nashville, Chattanooga & St. Louis Railway.	50
The Saint Paul Union Depot Company, jointly controlled with Chicago Great Western Railroad Company; Chicago, Milwaukee and St. Paul Railway Company; The Chicago, Rock Island and Pacific Railway Company; Chicago, Saint Paul, Minneapolis and Omaha Railway Company; Great Northern Railway Company; The Minneapolis & St. Louis Railroad Company; Minneapolis, St. Paul & Sault Ste. Marie Railway Company; and Northern Pacific Railway Company.	11 1/9
Saint Joseph Union Depot Company, jointly controlled with The Atchison, Topeka and Santa Fe Railway Company; Chicago Great Western Railroad Company; The Chicago, Rock Island and Pacific Railway Company; Missouri Pacific Railroad Company; and The St. Joseph and Grand Island Railway Company.	40
Toledo, Peoria & Western Railway Company, jointly controlled with Pennsylvania Company.	49.3
Terminal Railroad Association of St. Louis, jointly controlled with The Baltimore and Ohio Southwestern Railroad Company; The Chicago, Rock Island and Pacific Railway Company; The Chicago and Alton Railroad Company; The Cleveland, Cincinnati, Chicago and St. Louis Railway Company; Illinois Central Railroad Company; Louisville and Nashville Railroad Company; Missouri Pacific Railroad Company; Missouri, Kansas & Texas Railway Company; The Pittsburgh, Cincinnati, Chicago and St. Louis Railroad Company; St. Louis-San Francisco Railway Company; St. Louis-Southwestern Railway Company; Southern Railway Company; and Wabash Railway Company.	6⅔
Winona Bridge Railway Company, jointly controlled with Green Bay & Western Railroad Company.	66.7

The Burlington controls, through ownership of entire capital stock, the St. Louis and Kansas City Land Company, an active noncarrier company which holds title in the interest of the Burlington to certain real estate in Missouri, located principally in St. Louis and Kansas City. It controls jointly with Armour & Company and Swift & Company, through ownership of capital stock to the extent indicated, the following noncarrier corporations.

[Corporation]	Stock ownership Per cent
Guinotte Land Company.	33⅓
Kansas City Ferry Company.	33⅓
National Bank of North Kansas City.	27 1/5
North Kansas City Development Company.	33⅓
North Kansas City Land & Improvement Company.	33⅓
Parkside Land Company.	33⅓
Union Depot, Bridge and Terminal Railroad Company.	33⅓

Corporate History

The Burlington was originally incorporated under the general consolidation act of Illinois, approved February 28, 1854, through articles of consolidation, dated July 9, 1856, filed in Illinois July 14, 1856, by The Chicago, Burlington and Quincy Railroad Company and the Central Military Tract Railroad Company, under the name of The Chicago, Burlington and Quincy Rail Road Company. It subsequently underwent a change of name, June 24, 1914, since which time it has continued under its present name. The Burlington, together with its predecessors, totals 173 different corporations, of which 18, including the Burlington, underwent a change of name and comprises the line of corporate succession culminating in the Burlington as at present constituted. 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.

No.	Name	Incorporation	Succession
1.	Chicago, Burlington & Quincy Railroad Company.	See 2. Corporate existence extended for 50 years from June 24, 1914, under special act of Illinois, June 7, 1911.
2.	The Chicago, Burlington and Quincy Rail Road Company.	Under general laws of Illinois, through articles of consolidation, dated July 9, 1856, filed in Illinois, July 14, 1856.	Name changed to 1, June 24, 1914.
3.	The Chicago, Burlington and Quincy Railroad Company.	See 4 and 5.	Consolidated July 14, 1856, with 6 to form 1[sic 2].
4.	Chicago and Aurora Railroad Company.	See 5.	Name changed to 3, Feb. 14, 1855.
5.	Aurora Branch Railroad Company.	Under special act of Illinois, Feb. 12, 1849.	Name changed to 4, June 22, 1852.
6.	Central Military Tract Railroad Company.	Under special act of Illinois, Feb. 15, 1851.	Consolidated July 14, 1856, with 3 to form 1.
7.	The Jacksonville and Savanna Railroad Company.	Under special act of Illinois, Feb. 14, 1855.	Sold Nov. 4, 1861, to J. F. Joy and J. W. Brooks as agents for 1; agents conveyed it Nov. 6, 1861, to 1.
8.	Peoria & Burlington Rail Road Company.	Under special act of Illinois, June 10, 1863, through articles of organization, dated Mar. 8, 1864, filed Apr. 12, 1864.	Consolidated with 1, by agreement, dated June 24, 1864; filed in Illinois, July 11, 1864.
9.	The Quincy and Chicago Railroad Company.	See 10.	Sold at foreclosure sale, Apr. 28, 1864, to 1, after trustees being in possession since May 27, 1857; deeded by special master to 1 on July 30, 1865, after expiration of redemption period.
10.	Northern Cross Railroad Company.	Under special act of Illinois, dated Feb. 10. 1849, effective Apr. 13, 1849.	Name changed to 9, Feb. 10, 1857.
11.	Burlington and Missouri River Railroad Company.	Under general laws of Iowa, Jan. 23, 1852.	Sold to 1, July 31, 1875.
12.	Burlington and Missouri River Rail Road Company in Nebraska.	Under general laws of Nebraska, July 29, 1869.	Sold to 1, July 28, 1880.
13.	Republican Valley Railroad Company.	Under general laws of Nebraska, Mar 30, 1878.	Sold to 1, Mar. 1, 1882, and June 1, 1888.
14.	The Grand Island and Wyoming Central Railroad Company.	Under general laws of Nebraska, May 25, 1886.	Sold to 1, in section on Feb. 13 1897, and Dec. 1, 1897.
15.	The Big Horn Southern Railroad Company.	Under general laws of Montana, Dec. 20, 1888.	Sold to 1, Dec. 1, 1897.
16.	The Grand Island and Northern Wyoming Railroad Company.	Under general laws of Wyoming, Feb. 4, 1889.	Sold to 1, Dec. 31, 1897.
17.	The Peoria and Hannibal Railroad Company.	See 18.	Sold in sections; St. David to Lewistown sold Nov. 4, 1861, to J. F. Joy and J. W. Brooks as agents for 1; agents conveyed it Nov. 6, 1861, to 1; Lewistown to Rushville sold Apr. 25, 1868, to J. F. Joy as agent for 1; agent conveyed it May 7, 1868, to 1. Peoria to Hollis sold May 22, 1868, to the Peoria, Pekin and Jacksonville Railroad Company (not in line of corporate succession). By deed dated June 1, 1899, this company confirmed its conveyances to agents to 1, as above particularly set out, and conveyed Its corporate rights and franchises to 1.
18.	Macomb, Vermont and Bath Railroad Company.	Under special act of Illinois, Feb. 11, 1853.	Name changed to 17, Feb. 24, 1854.
19.	Ottawa, Oswego and Fox River Valley Railroad Company.	Under special act of Illinois, June 21, 1852, effective Aug. 22, 1852.	Sold in sections; Streator to Wenona, Ill., sold to Oliver Young, contractor, Oct. 27, 1869, and deeded by Young to the St. Louis, Jacksonville and Chicago Railroad Company (a predecessor of The Chicago and Alton Railroad Company), Mar. 15, 1870; Montgomery to Streator, Ill., and Aurora to Geneva, Ill., sold to 1, June 1, 1899.
20.	The Illinois Grand Trunk Railway.	Under special act of Illinois, Feb. 28, 1867.	Sold to 1, June 1, 1899.
21.	Illinois Grand Trunk Railway Company.	Under general laws of Illinois, through articles of consolidation, dated June 1, 1859, filed in Illinois, June 8, 1859.	Sold at foreclosure sale, Feb. 21, 1865, after receivership begun July 20, 1864; title held by purchaser until he conveyed property by deed dated Sept. 26, 1870, to agent of 20; agent conveyed property to 20 by deed dated Nov. 23, 1870.
22.	The Joliet and Terre Haute Railroad Company.	Under special act of Illinois, June 23, 1852.	Consolidated June 8, 1859, with 23 to form 21.
23.	Camanche, Albany & Mendota Rail Road Company.	Under general laws of Illinois, Sept. 11, 1856.	Consolidated June 8, 1859, with 22 to form 21.
24.	American Central Railway.	See 25.	Sold to 1, June 1, 1899.
25.	Western Air Line Railroad Company.	Under special act of Illinois, Feb. 9, 1853.	Name changed to 21, Feb. 21, 1859.
26.	The Dixon and Quincy Railroad Company.	Under special act of Illinois, Mar. 4, 1869.	Sold to 1, June 1, 1899.
27.	Dixon, Peoria and Hannibal Railroad Company.	Under special act of Illinois, Mar. 5, 1867.	Sold to 1, June 1, 1899.
28.	The Carthage and Burlington Railroad Company.	Under special act of Illinois, Mar. 8, 1867.	Sold to 1, June 1, 1899.
29.	The Quincy and Warsaw Railroad Company.	Under special act of Illinois, Feb. 16, 1865.	Sold to 1, June 1, 1899.
30.	The Quincy, Alton and St. Louis Railway Company.	Under special act of Illinois, Mar. 8, 1867.	Sold to 1, June 1, 1899.
31.	The Chicago and Iowa Railroad Company.	Under special act of Illinois, Mar. 30, 1869.	Sold to 1, June 1, 1899.
32.	The Ogle and Carroll County Railroad Company.	Under special act of Illinois, Feb. 18, 1857.	Merged with 31 by agreement dated June 1, 1870, effective Apr 3, 1871.
33.	The Chicago, Rockford and Northern Railroad Company.	Under general laws of Illinois, Nov. 23, 1874.	Sold to 31, Jan. 1, 1892.
34.	The Chicago and Rock River Railroad Company.	Under special act of Illinois, Mar. 24, 1869.	Sold to 1, June 1, 1899.
35.	St. Louis, Rock Island and Chicago Railroad Company.	Under general laws of Illinois, May 10, 1876.	Sold to 1, June 1, 1899.
36.	The Orion and Minersville Railroad Company.	Under general laws of Illinois, Dec. 21, 1872.	Conveyed to trustee Dec. 9, 1875, who conveyed it to 35 by deed dated May 18, 1876.
37.	The Rockford, Rock Island and St. Louis Railroad Company.	Under special act of Illinois, Feb. 16, 1865.	Conveyed to trustee Nov. 1, 1875, after receivership begun Nov. 5, 1874, and conveyed by trustee 35 by deed dated May 18, 1876.
38.	The St. Louis, Alton and Rock Island Railroad Company.	See 39.	Sold to 37, Oct. 8, 1868.
39.	The Rock Island and Alton Railroad Company.	Under special act of Illinois, Feb. 14, 1855.	Name changed to 38, Feb. 24, 1859.
40.	Illinois Valley and Northern Railroad Company.	Under general laws of Illinois, May 25, 1887.	Sold to 1, June 1, 1899.
41.	Joliet, Rockford & Northern Railroad Company.	Under general laws of Illinois, Aug. 4, 1881.	Sold to 1, June 1, 1899.
42.	Galesburg & Rio Railroad Company.	Under general laws of Illinois, Apr. 12, 1886.	Sold to 1, June 1, 1899.
43.	Chicago, Burlington and Northern Railroad Company (of Illinois).	Under general laws of Illinois, Aug. 25, 1885.	Sold to 1, June 1, 1899.
44.	Chicago & North Wisconsin Railway Company.	Under general laws of Illinois, Nov. 15, 1883.	Sold to 43, July 1, 1887.
45.	Chicago, Burlington & Northern Railroad Company.	Under general laws of Wisconsin, through articles of consolidation, dated Oct. 21, 1885, filed in Wisconsin, Oct. 21, 1885.	Sold to 1, June 1, 1899.
46.	Chicago, Burlington and Northern Railroad Company (of Wisconsin).	Under general laws of Wisconsin, Aug. 28, 1885.	Consolidated Oct. 21, 1885, with 48 to form 45.
47.	Winona, Alma and Northern Railway Company.	Under general laws of Wisconsin, Aug. 20, 1883.	Sold to 46, Oct. 12, 1885.
48.	Chicago, Burlington and Northern Railroad Company (of Minnesota).	Under general laws of Minnesota, Aug. 28. 1885.	Consolidated Oct. 21, 1885, with 46 to form 45.
49.	Keokuk and St. Paul Railway Company.	Under general laws of Iowa, Apr. 27, 1867.	Sold to 1, Jan. 1, 1901.
50.	Keokuk, Mount Pleasant and Muscatine Railroad Company.	Under general laws of Iowa, Feb. 24, 1855.	Sold at foreclosure sale, Aug. 7, 1866, to Chas. B. Foote, who conveyed the property to 49, by deed dated Oct. 10, 1867.
51.	Fort Madison and Keokuk Railway and Transportation Company.	Under general laws of Iowa, Aug. 2, 1862.	Merged with 49 by articles of consolidation, dated and effective Oct. 30, 1867.
52.	Iowa Southern Rail Road Company.	See 53.	Sold at foreclosure sale, Dec. 30, 1862, to 51.
53.	Fort Madison, West Point, Keosauqua and Bloomfield Rail Road Company.	Under general laws of Iowa, Sept. 28, 1853.	Name changed to 52, Mar. 18, 1857.
54.	Iowa Southern Junction Rail Road Company.	Under general laws of Iowa, Nov. 27, 1858.	Merged with 52, by articles of consolidation, dated Jan. 20, 1859; filed in Iowa, Feb. 3, 1859.
55.	Albia, Knoxville and Des Moines Railroad Company.	Under general laws of Iowa, Jan. 10, 1868.	Sold to 1, Jan. 1, 1901.
56.	Des Moines & Knoxville Railway Company.	Under general laws of Iowa, Aug. 14, 1878.	Sold to 1, Jan. 1, 1901.
57.	The Chariton, Des Moines and Southern Rail Road Company.	Under general laws of Iowa, Jan. 6, 1876.	Sold to 1, Jan. 1, 1901.
58.	The Creston Branch of the Burlington & Missouri River Railroad.	Under general laws of Iowa, Aug. 24, 1871.	Sold to 1, Jan. 1, 1901.
59.	Burlington and Missouri Railroad Company.	Under general laws of Iowa, Sept. 20, 1871.	Sold to 1, Jan. 1, 1901.
60.	Brownville and Nodaway Valley Railway Company.	Under general laws of Iowa, May 13, 1872.	Sold to 1, Jan. 1, 1901.
61.	Clarinda, College Springs and South Western Rail Road Company.	Under general laws of Iowa, May 23, 1878.	Sold to 1, Jan. 1, 1901.
62.	The Nebraska City, Sidney and North Eastern Rail Way Company.	Under general laws of Iowa, Mar. 26, 1878.	Sold to 1, Jan. 1, 1901.
63.	Leon, Mount Ayr and Southwestern Railroad Company.	Under general laws of Iowa, Oct. 31, 1878.	Sold to 1, Jan. 1, 1901.
64.	Creston and Northern Railroad Company.	Under general laws of Iowa, through articles dated Aug. 6, 1878, filed Feb. 7, 1880.	Sold to 1, Jan. 1, 1901.
65.	Hastings and Avoca Railroad Company.	Under general laws of Iowa, Nov. 3, 1870.	Sold to 1, Jan. 1, 1901.
66.	Red Oak and Atlantic Railroad Company.	Under general laws of Iowa, June 9, 1870.	Sold to 1, Jan. 1, 1901.
67.	Humeston and Shenandoah Railway Company.	Under general laws of Iowa, Apr. 14, 1896.	Sold to 1, Jan. 1, 1901.
68.	Humeston and Shenandoah Railroad Company.	Under general laws o fIowa[sic], Mar. 22, 1881.	Sold at foreclosure sale, Mar. 30, 1896, to C. E. Perkins, agent of 1, after receivership begun July 3, 1895, and conveyed to 67, Apr. 21, 1896.
69.	Western Iowa Railroad Company.	Under general laws of Iowa, Sept. 17, 1884.	Sold to 1, Jan. 1, 1901.
70.	Chicago, Ft. Madison and Des Moines Railroad Company.	Under general laws of Iowa, Jan. 5, 1899.	Sold to 1, Jan. 1, 1901.
71.	The Chicago, Ft. Madison and Des Moines Railway Company.	Under general laws of Iowa, Apr. 21, 1890.	Sold at foreclosure sale, Jan. 4, 1899, to bondholders' committee, and conveyed to 70 by deed dated Jan. 20, 1899.
72.	The Fort Madison and Northwestern Railway Company.	See 73.	Sold at foreclosure sale, Feb. 23, 1890, to Willard T. Block, after receivership begun Jan. 3, 1885; conveyed to 71 by deed dated Mar. 29, 1890.
73.	The Fort Madison, Oskaloosa and Northwestern Railway Company.	Under general laws of Iowa, Apr. 23, 1872.	Name changed to 72, May 10, 1872.
74.	Murray and Creston Railroad Company.	Under general laws of Iowa, Jan. 26, 1900.	Sold to 1, Jan. 1, 1901.
75.	The Chillicothe and Chariton Rail Road Company.	Under general laws of Iowa, Nov. 29, 1878.	Sold to 1, Jan. 1, 1901.
76.	Fairfield and Ottumwa Railroad Company.	Under general laws of Iowa, Jan. 26, 1900.	Sold to 1, Jan. 1, 1901.
77.	Hannibal and St. Joseph Railroad Company.	Under special act of Missouri, Feb. 16, 1847.	Sold to 1, Jan. 1, 1901.
78.	The Quincy and Palmyra Railroad Company.	Under general laws of Missouri, Mar. 7, 1856.	Merged with 77 by articles of consolidation dated Mar. 14, 1867.
79.	The Kansas City and Cameron Railroad Company.	See 80.	Merged with 77 by resolution of the board of directors passed Feb. 14, 1870.
80.	Kansas City, Galveston, and Lake Superior Railroad Company.	Under special act of Missouri, Feb. 9, 1857.	Name changed to 79, Nov. 12, 1866.
81.	Grant City and Southern Railroad Company.	Under general laws of Missouri, June 4, 1898.	Sold to 1, Jan. 1, 1901.
82.	St. Joseph and Nebraska Railroad Company.	Under general laws of Missouri, May 17, 1882.	Sold to 1, Jan. 1, 1901.
83.	The St. Joseph & Des Moines Railroad Company.	Under general laws of Missouri, Aug. 28, 1877.	Sold to 1, Jan. 1, 1901.
84.	Kansas City, St. Joseph and Council Bluffs Railroad Company.	Under general laws of Missouri, through articles of consolidation, dated May 19, 1870; filed in Missouri, July 11, 1870.	Sold to 1, Jan. 1, 1901.
85.	Missouri Valley Railroad Company.	See 86.	Consolidated with 90 to form 84 pursuant to special act of Missouri, Mar. 24, 1870; articles of consolidation adopted Apr. 13, 1870; effective May 19, 1870.
86.	Atchison and Saint Joseph Railroad Company.	Under special act of Missouri, Dec. 11, 1855.	Name changed to 86, Mar. 8, 1867.
87.	Weston and Atchison Rail Road Company.	Under general laws of Missouri, Apr. 29, 1859.	Merged with 85 by special act of Missouri approved Mar. 8, 1867, accepted Apr. 6, 1867.
88.	Platte County [sic] Railroad Company.	See 89.	Conveyed to State of Missouri, Sept. 5, 1864, and sold by the State to 87 and 86 as joint owners, Mar. 6, 1865.
89.	Platte County Railroad Company.	Under special act of Missouri, Feb. 24, 1853.	Name changed to 88, Mar. 23, 1863.
90.	St. Joseph & Council Bluffs Rail Road Company.	Under general laws of Missouri and Iowa, through articles of consolidation dated Apr. 7, 1869; filed in Missouri, May 1, 1869, and in Iowa July 5, 1870.	Consolidated with 85 to form 84, pursuant to special act of Missouri, Mar. 24, 1870; articles of consolidation adopted May 7, 1870, effective May 19, 1870.
91.	The St. Joseph & Council Bluffs Rail Road Company.	Under general laws of Missouri, July 16, 1867.	Consolidated with 92 to form 90, through articles of consolidation dated Apr. 7, 1869.
92.	Council Bluffs and St. Joseph Rail Road Company.	Under general laws of Iowa, July 2, 1858.	Consolidated with 91 to form 90, through articles of consolidation dated Apr. 7, 1869.
93.	Nodaway Valley Railroad Company.	Under general laws of Missouri, Aug. 30, 1879.	Sold to 84, Aug. 15, 1900.
94.	Tarkio Valley Railroad Company.	Under general laws of Missouri, Apr. 10, 1880.	Sold to 84, Aug. 15, 1900.
95.	Keokuk and Western Railroad Company.	Under general laws of Iowa, Dec. 3, 1886.	Sold to 1, Jan. 1, 1901.
96.	Missouri, Iowa and Nebraska Railway Company.	Under general laws of Iowa and Missouri, through articles of consolidation dated Mar. 26, 1870.	Sold at foreclosure sale, Aug. 19, 1886, to trustees of first mortgage, after receivership begun July 1, 1885, and conveyed by trustees to 95 by deed dated Nov. 26, 1886.
97.	Iowa Southern Railway Company.	Under general laws of Iowa, Feb. 25, 1868.	Consolidated with 98 to form 96, through articles of consolidation dated Mar. 26, 1870, approved by stockholders Apr. 23, 1870.
98.	The Alexandria and Nebraska City Rail Road Company.	See 99.	Consolidated with 97 to form 96, through articles of consolidation dated Mar. 26, 1870, approved by stockholders May 2, 1870.
99.	The Alexandria and Bloomfield Rail Road Company.	Under special act of Missouri, Feb. 9, 1857.	Name changed to 98 by special act of Missouri, Feb. 19, 1866, adopted by 99 Aug. 25, 1866.
100.	Des Moines & Kansas City Railway Company.	Under general laws of Iowa, Jan. 21, 1888.	Sold to 96[sic - 95], Apr. 1, 1898.
101.	Des Moines, Osceola and Southern Rail Road.	Under general laws of Iowa, June 27, 1879.	Sold at foreclosure sale, Nov. 11, 1887, to trustee after receivership begun Apr. 2, 1885, and conveyed by trustee to 100 by deed dated Mar. 28, 1888.
102.	St. Louis, Keokuk & Northwestern Railroad Company.	Under general laws of Iowa, Dec. 23, 1887.	Sold to 1, Jan. 1, 1901.
103.	Keokuk Railway and Improvement Company.	Under general laws of Iowa, Dec. 14, 1891.	Sold to 102, Dec. 15, 1900.
104.	Mt. Pleasant and Keokuk Railroad Company.	Under general laws of Iowa, Apr. 17, 1889.	Sold to 102, June 17, 1889.
105.	Keokuk and Northwestern Railroad Company.	Under general laws of Iowa, through articles of consolidation dated May 26, 1881, filed in Lee County, Iowa, June 8, 1881.	Sold at foreclosure sale, Mar. 1, 1889. to agent of holders of defaulted obligations and conveyed by him to 104 by deed dated Apr. 29, 1889.
106.	Keokuk, Mt. Pleasant & Northern Railroad Company.	Under general laws of Iowa, May 13, 1879.	Consolidated with 107 to form 105, through articles of consolidation dated May 26, 1881.
107.	The Keokuk and North Western Railroad Company.	Under general laws of Iowa, Oct. 17, 1876.	Consolidated with 106 to form 105, through articles of consolidation dated May 26, 1881.
108.	The Keokuk, Iowa City and Minnesota Railroad Company.	Under general laws of Iowa, through articles of consolidation dated Oct. 14, 1870, filed in Iowa, Nov. 23, 1870.	Sold in sections at sheriffs' sales Apr. 28, 1874, and Apr. 11, 1877, portion abandoned and other portions conveyed by purchasers to 133, Feb. 26, 1880, and to 107, by deeds dated Feb. 10, 1881, and Apr. 18, 1881.
109.	Keokuk and Minnesota Railway Company.	Under general laws of Iowa, Oct. 2, 1869.	Consolidated with 110 to form 108, through articles of consolidation dated Oct. 14, 1870.
110.	Iowa Northern Central Railroad Company.	Under general laws of Iowa, Mar. 4, 1867.	Consolidated with 109 to form 108, through articles of consolidation dated Oct. 14, 1870.
111.	St. Louis, Keokuk and North Western Railway Company.	Under general laws of Iowa, through articles dated May 17, 1875, filed Jan. 15, 1876.	Sold at foreclosure sale, Oct. 15, 1887, to agent of holders of defaulted obligations, after receivership begun July 7, 1887; conveyed by agent to 102 by deed dated Jan. 7, 1888.
112.	Mississippi Valley and Western Railway Company.	Under general laws of Missouri, through articles of consolidation dated and effective Jan. 20, 1873.	Sold at foreclosure sale, Apr. 14, 1875, to agent of holders of defaulted obligations after being in hands of trustees since Aug. 7, 1874; conveyed by agent to 111 by deed dated June 22, 1875.
113.	The Mississippi Valley Railroad Company.	Under general laws of Missouri, May 24, 1871.	Consolidated with 114 and 115 to form 112, through articles of consolidation dated Jan. 20, 1873.
114.	The Clarksville and Western Railroad Company.	Under general laws of Missouri, Jun. 15, 1870.	Consolidated with 113 and 115 to form 112, through articles of consolidation dated Jan. 20, 1873.
115.	Mississippi Valley and Western Railway Company.	Under general laws of Missouri, through articles of consolidation dated Jan. 13, 1871, effective Jan. 30, 1871; filed in Missouri, Mar. 10, 1871.	Consolidated with 113 and 114 to form 112, through articles of consolidation dated Jan. 20, 1873.
116.	Mississippi Valley and Western Railway Company.	Under general laws of Iowa, through articles dated Jan 25, 1871; filed Feb. 8, 1871.	Consolidated with 117 to form 115, through articles of consolidation dated Jan. 13, 1871, effective Jan. 30, 1871.
117.	The Mississippi and Missouri River Air-Line Railroad Company.	Under general laws of Missouri, through articles of consolidation dated Apr. 1, 1870, effective Apr. 8, 1870; filed in Missouri, Apr. 22, 1870.	Consolidated with 116 to form 115, through articles of consolidation dated Jan. 13, 1871, effective Jan. 30, 1871.
118.	Mississippi and Missouri River Air Line Railroad Company.	Under special act of Missouri, Feb. 17, 1857.	Consolidated with 120 to form 117, through articles of consolidation dated Apr. 1, 1870, effective Apr. 8, 1870.
119.	Canton and Bloomfield Railroad Company.	Under special act of Missouri, Feb. 27, 1851.	Sold to 118, June 25, 1860.
120.	Alexandria, Canton, La Grange and West Quincy Railroad Company.	Under special act of Missouri, Feb. 18, 1865.	Consolidated with 118 to form 117, through articles of consolidation dated Apr. 1, 1870, effective Apr. 8, 1870.
121.	The Chicago, Burlington and Kansas City Railway Company.	Under general laws of Missouri and Iowa, through articles of consolidation, dated Aug. 16, 1881; filed in Missouri, Jan. 12, 1882, and in Iowa, Nov. 2, 1881.	Sold to 1, Jan. 1, 1901.
122.	Kansas City, St. Joseph and Burlington Railway Company.	Under general laws of Missouri, May 30, 1881.	Consolidated with 123 to form 121 through articles of consolidation dated Aug. 16, 1881.
123.	Chicago, Burlington and Kansas City Railway Company.	Under general laws of Iowa, Sept. 3, 1880.	Consolidated with 122 to form 121, through articles of consolidation dated Aug. 16, 1881.
124.	Burlington and Southwestern Railway Company.	See 125.	Sold at foreclosure sales; property in Iowa sold Nov. 27, 1880, and property in Missouri sold Nov. 30, 1880, to trustee of bondholders after receivership begun Oct. 8, 1874; trustee conveyed the property to 121 by deed dated Feb. 27, 1882.
125.	Burlington, Fort Madison and Southwestern Railway Company.	Under general laws of Iowa, through articles of consolidation dated Apr. 2, 1870; filed in Iowa, Apr. 16, 1870.	Name changed to 124, July 12, 1871.
126.	Fort Madison, Farmington and Western Railroad Company.	Under general laws of Iowa, through articles dated Dec. 16, 1869, filed Apr. 8, 1870.	Consolidated with 127 to form 125, through articles of consolidation dated Apr. 2, 1870.
127.	Burlington and Southwestern Railway Company.	Under general laws of Iowa, through articles of consolidation dated Feb. 18, 1870; filed in Iowa, Apr. 16, 1870.	Consolidated with 126 to form 125, through articles of consolidation dated Apr. 2, 1870.
128.	Burlington and Southwestern Railway Company.	Under general laws of Iowa, Aug. 10, 1869.	Consolidated with 129 to form 127, through articles of consolidation dated Feb. 18, 1870.
129.	Iowa and Missouri State Line Railroad Company.	Under general laws of Iowa, July 28, 1859.	Consolidated with 128 to form 127, through articles of consolidation dated Feb. 18, 1870.
130.	Linneus Branch of the Burlington and Southwestern Railway.	See 131.	Sold at foreclosure sale, Nov. 30, 1880, to trustee of bondholders after receivership begun Oct. 16, 1875; trustee conveyed the property to 121, Feb. 27, 1882.
131.	Central North Missouri Branch of the Saint Joseph and Iowa Railroad.	Under year 1868 laws of Missouri relative to branch-line railroads, through resolution of board of directors of 131 dated Mar. 25, 1871; filed in Missouri, Apr. 19, 1871.	Name changed to 130, Aug. 1, 1871.
132.	The Burlington and Western Railway Company.	Under general laws of Iowa, July 29, 1881.	Sold to 1, Dec. 1, 1903.
133.	The Burlington and Northwestern Railway.	See 134.	Sold to 132, June 20, 1902.
134.	Burlington and Northwestern Narrow Gauge Railway Company.	Under general laws of Iowa, June 18, 1875.	Name changed to 133, July 22, 1876.
135.	The Quincy Rail Road Bridge Company.	Under special act of Illinois, Feb. 6, 1867, and general laws of Missouri, through articles of consolidation dated Nov. 20, 1866; filed in Missouri, Dec. 4, 1866.	Sold to 1, Dec. 1, 1903.
136.	The Quincy Bridge Company.	Under general laws of Missouri, Mar. 28, 1866.	Consolidated with 137 to form 135, through articles of consolidation dated Nov. 20, 1866.
137.	The Railroad Bridge Company.	Under special act of Illinois, Feb. 10, 1853.	Consolidated with 136 to form 135, through articles of consolidation dated Nov. 20, 1866.
138.	Iowa & St. Louis Railway Company.	Under general laws of Missouri, May 18, 1901.	Sold to 1, Dec. 1, 1903.
139.	The Jacksonville and Saint Louis Railway Company.	Under general laws of Illinois, July 2, 1896.	Sold to 1, July 1, 1905.
140.	Jacksonville & Concord Railway Company.	Under general laws of Illinois, Sept. 24, 1903.	Sold to 139, July 1, 1904.
141.	The Jacksonville, Louisville & St. Louis Railway Company.	Under general laws of Illinois, Jan. 18, 1890.	Sold at foreclosure sale, June 29, 1896, to agents of holders of defaulted obligations after receivership begun Apr. 23, 1896; agents conveyed the property to 139 by deed dated Oct. 1, 1896.
142.	The Jacksonville Southeastern Railway Company.	Under general laws of Illinois, June 28, 1879.	Sold at foreclosure sale, Oct. 4, 1890, to committee representing tbe mortgage creditors, said committee having acquired possession of the property Feb. 27, 1890; committee conveyed the property through its agent to 141, Jan. 23, 1891,
143.	The Jacksonville, North Western and South Eastern Railway Company.	Under special act of Illinois, Feb. 23, 1867.	Sold at foreclosure sale, July 15, 1879, to agents of holders of defaulted obligations and conveyed by agent to 142 by deed dated July 25, 1879.
144.	The Illinois Farmers' Railroad Company.	Under special act of Illinois, Feb. 28, 1867.	Sold to 143, July 10, 1872.
145.	Fenton and Thomson Railroad Company.	Under general laws of Illinois, June 10, 1903.	Sold to 1, Mar. 1, 1906.
146.	Burlington and Colorado Railroad Company.	Under general laws of Colorado, Sept. 13, 1881.	Sold to 1, Feb. 15, 1908.
147.	The Nebraska and Colorado Railroad Company.	Under general laws of Nebraska, July 30, 1883.	Sold to 1, Feb. 15, 1908.
148.	The Colorado and Wyoming Railroad Company.	Under general laws of Colorado, Mar. 16, 1887.	Sold to 1, Feb. 15, 1908.
149.	Cheyenne and Burlington Railroad Company.	Under general laws of Wyoming, Apr. 6, 1887.	Sold to 1, Feb. 15, 1908.
150.	Nebraska Railway Company.	Under general laws of Nebraska, through articles of consolidation dated July 9, 1875; filed in Nebraska, Oct. 15, 1875.	Sold to 1, Feb. 15, 1908.
151.	Midland Pacific Railway Company.	Under general laws of Nebraska, Jan. 3, 1868.	Consolidated with 152 to form 150, through articles of consolidation dated July 9, 1875.
152.	The Brownville, Fort Kearney and Pacific Rail Road Company.	Under general laws of Nebraska, June 17, 1867.	Consolidated with 151 to form 150, through articles of consolidation dated July 9, 1875.
153.	The Lincoln and North Western Railroad Company.	Under general laws of Nebraska, Apr. 21, 1879.	Sold to 1, Feb. 15, 1908.
154.	Atchison and Nebraska Railroad Company.	Under general laws of Kansas and Nebraska, through articles of consolidation dated Aug. 10, 1871: filed in Kansas, Nov. 2, 1871, and in Nebraska, Oct. 21, 1871.	Sold to 1, Feb. 15, 1908.
155.	The Atchison, Lincoln and Columbus Railroad Company.	Under general laws of Nebraska, Apr. 26, 1871.	Consolidated with 156 to form 154, through articles of consolidation dated Aug. 10, 1871.
156.	The Atchison and Nebraska Rail Road Company.	See 157.	Consolidated with 155 to form 154, through articles of consolidation dated Aug. 10, 1871.
157.	The Atchison & Nebraska City Railroad Company.	Under general laws of Kansas, May 27, 1867.	Name changed to 156, Jan. 13, 1869.
158.	Atchison and Nebraska City Railroad Company.	Under general laws of Kansas, Dec. 8, 1865.	Sold to 157, Aug. 14, 1867.
159.	Omaha and South Western Railroad Company.	Under general laws of Nebraska, Dec. 3, 1869.	Sold to 1, Feb. 15, 1908.
160.	The Omaha and North Platte Railroad Company.	Under general laws of Nebraska, Feb. 12, 1886.	Sold to 1, Feb. 15, 1908.
161.	Nebraska, Wyoming and Western Railroad Company.	Under general laws of Nebraska, June 30, 1899.	Sold to 1, Feb. 15, 1908.
162.	The Denver and Montana Railroad Company.	Under general laws of Colorado, Apr. 28, 1899.	Sold to 1, Feb. 15, 1908.
163.	Lincoln and Black Hills Railroad Company.	Under general laws of Nebraska, June 30, 1887.	Sold to 1, Feb. 15, 1908.
164.	Oxford and Kansas Railroad Company.	Under general laws of Nebraska, June 2, 1887.	Sold to 1, Feb. 15, 1908.
165.	Beaver Valley Railroad Company.	Under general laws of Kansas, Jan. 27, 1887.	Sold to 1, Feb. 15, 1908.
166.	Republican Valley, Kansas and Southwestern Railroad Company.	Under general laws of Nebraska and Kansas, through articles of consolidation dated Jan. 28, 1886; filed in Nebraska, Apr. 14, 1886, and in Kansas, Apr. 19, 1886.	Sold to 1, Feb. 15, 1908.
167.	Burlington, Kansas and Southwestern Railroad Company.	Under general laws of Kansas, Mar. 10, 1886.	Consolidated with 168 to form 166, through articles of consolidation dated Jan. 28, 1886.
168.	Republican Valley and Kansas Railroad Company.	Under general laws of Nebraska, through certificate filed Mar. 13, 1885, and articles filed Sept. 25, 1885.	Consolidated with 167 to form 168, through articles of consolidation dated Jan. 23, 1886.
169.	Chicago, Nebraska and Kansas Railroad Company.	Under general laws of Nebraska and Kansas, through articles of consolidation dated Nov. 28, 1884; filed in Nebraska and Kansas Dec. 5, 1884.	Sold to 1, Feb. 15, 1908.
170.	The Chicago, Iowa and Kansas Railroad Company.	Under general laws of Kansas, July 30, 1883.	Consolidated with 171 to form 169, through articles of consolidation dated Nov. 28, 1884.
171.	The Chicago, Iowa and Kansas Railroad Company.	Under general laws of Nebraska, July 30, 1883.	Consolidated with 170 to form 169, through articles of consolidation dated Nov. 28, 1884.
172.	The Kansas City & Omaha Railway Company.	Under general laws of Nebraska, Sept. 15, 1896.	Sold to 1, Feb. 15, 1908.
173.	Kansas City and Omaha Rail Road Company.	Under general laws of Nebraska, Sept. 24, 1886.	Sold at foreclosure sale, July 8, 1896, after receivership begun Oct. 13, 1893; conveyed to 172 by deed dated Sept. 28, 1896.
174.	Republican Valley & Wyoming Railroad Company.	Under general laws of Nebraska, Apr. 25, 1887.	Sold to 1, Feb. 15, 1908.
175.	The Denver, Utah and Pacific Railroad Company.	Under general laws of Colorado, through articles of consolidation dated Apr. 14, 1884; filed in Colorado, May 4, 1884.	Sold to 1, Feb. 15, 1908.
176.	The Denver, Utah and Pacific Rail-road Company.	Under general laws of Colorado, Dec. 11, 1880.	Consolidated with 177 to form 175. through articles of consolidation dated Apr. 14, 1884.
177.	The Colorado Northern Railway Company.	Under general laws of Colorado, Jan. 2, 1883.	Consolidated with 176 to form 175, through articles of consolidation dated Apr. 14, 1884.
178.	The Denver, Longmont and Northwestern Railroad Company.	See 179.	Sold at foreclosure sale, May 8, 1883, to 177.
179.	The Longmont and Erie Railroad Company.	Under general laws of Colorado, Jan. 14, 1878.	Name changed to 178, Mar. 14, 1881.
180.	The Sioux City and Western Railway Company.	Under general laws of Nebraska, May 30, 1899.	Sold to 1, Dec. 1, 1908.
181.	The Sioux City, O'Neill and Western Railway Company.	Under general laws of Nebraska, Oct. 30, 1891.	Sold at foreclosure sale, May 26, 1899, to agent of holders of defaulted obligations, after receivership begun Nov. 1, 1893. Conveyed to 180 by deed dated June 28, 1899; receivership terminated June 30, 1899.
182.	The Nebraska and Western Railway Company.	Under general laws of Nebraska, Mar. 14, 1889.	Sold at foreclosure sale, Oct. 23, 1891, to trustees of the mortgage debt after receivership begun Feb. 24, 1891; conveyed to 181 by deed dated Dec. 1, 1891.
183.	Fulton County Narrow Gauge Railway Company.	Under general laws of Illinois, Sept. 25, 1878.	Sold to 1, Dec. 1, 1908.
184.	Fulton County Extension Railway Company.	Under general laws of Illinois, May 27, 1881.	Sold to 183, Jan. 31, 1908.
185.	Northern and Southern Illinois Railroad Company.	Under general laws of Illinois. July 13, 1904.	Sold to 1, Dec. 1, 1908.
186.	The Adair County Railroad Company.	Under general laws of Missouri, July 9, 1904.	Sold to 1, Nov. 14, 1911.
187.	Herrin & Southern Railroad Company.	Under general laws of Illinois, July 1, 1909.	Sold to 1, Oct. 29, 1914.
188.	Big Horn Railroad Company.	Under general laws of Wyoming, Jan. 12, 1905.	Sold to 1, in sections; first section deeded Dec. 1, 1908, and second section deeded July 1, 1916.
189.	The Denver, Golden and Salt Lake Rail Road Company.	Under general laws of Colorado, July 2, 1881.	Sold to 1, Mar. 1, 1917.
190.	Franklin & Waverly Railway Company.	Under general laws of Illinois, Feb. 5, 1908.	Sold to 1, Mar. 23, 1917.
191.	Centralia & Sandoval Railroad Company.	Under general laws of Illinois, June 22, 1909.	Sold to 1, Mar. 23, 1917.

In addition, the Chicago, Burlington & Quincy Railway Company, incorporated in Iowa, October 17, 1901, operated, but did not own, the property of the Burlington from October 1, 1901, to June 30, 1907, under conditions more fully explained in the Introductory chapter of this report.

Development of Fixed Physical Property

The road wholly owned by the Burlington, amounting to 8,972.787 miles, was acquired partly through consolidation, partly by purchase, partly by construction, and partly by completion of construction begun by predecessor companies. Of the 172 corporations which comprise the line of succession culminating in the Burlington as at present constituted, 13 either did not construct or improve any property, or the property they did construct is not in existence on date of valuation. Those corporations were—

• The Joliet and Terre Haute Railroad Company.
• Chicago, Burlington and Northern Railroad Company (of Minnesota).
• Iowa Southern Railway Company.
• Mississippi Valley and Western Railway Company (of February, 1871).
• Canton and Bloomfield Railroad Company.
• Alexandria, Canton, La Grange and West Quincy Railroad Company.
• Kansas City, St. Joseph and Burlington Railway Company.
• Chicago, Burlington and Kansas City Railway Company.
• The Quincy Bridge Company.
• The Railroad Bridge Company.
• Atchison and Nebraska City Railroad Company.
• The Colorado Northern Railway Company.
• The Denver, Longmont and Northwestern Railroad Company.

Seven others acquired property from predecessors, but either these have no records or the records reviewed do not show whether they improved such property while they owned it. These corporations were:

• Peoria & Burlington Rail Road Company.
• Chicago, Burlington and Northern Railroad Company (of Wisconsin).
• Fort Madison and Keokuk Railway and Transportation Company.
• Humeston and Shenandoah Railway Company.
• Chicago, Ft. Madison and Des Moines Railroad Company.
• Keokuk and Northwestern Railroad Company.
• Mt. Pleasant and Keokuk Railroad Company.

Of the 152 other corporations, eight only improved property completed by others. These corporations were:

• Keokuk and Western Railroad Company.
• Des Moines & Kansas City Railway Company.
• The Jacksonville and Saint Louis Railway Company.
• The Jacksonville, Louisville & St. Louis Railway Company.
• Republican Valley, Kansas and Southwestern Railroad Company.
• Chicago, Nebraska and Kansas Railroad Company.
• The Kansas City & Omaha Railway Company.
• The Sioux City, O'Neill and Western Railway Company.

The data with respect to the miles of road constructed by the 144 remaining corporations, the years in which the various portions of the line were constructed, and the manner in which the Burlington acquired the property are indicated in the following table, wherein, to facilitate comparison with the table showing corporate succession, previously given, the same order of corporations is maintained.

[How acquired, location, and construction dates]	[Mileage subtotals]	Recorded mileage
Acquired by construction:
Aurora to Chicago, Ill., Oct., 1862, to May 20, 1864.	36.42
East Burlington, Ill., to Burlington, Iowa, including bridge over the Mississippi River, 1867 to Aug. 13, 1868.	0.38
Rock Falls to Sterling, Ill., including bridge over the Rock River, 1883-1884.	0.68
Old Monroe to Francis, Mo., 1903 to Sept. 1, 1904.	64.06
Hill City to Keystone, S. Dak., 1899 to Feb. 25, 1900.	9.53
Toluca, Mont., to Cody, Wyo., 1900 to Nov. 11, 1901.	130.15
Cushman Junction to Cobb, Nebr., Apr., 1910.	4.05
Guernsey to Wendover, Wyo., Dec. 1, 1913, to Dec. 15, 1915.	8.09
Wye Junction to West Frankfort, Ill., 1911.	3.61
A partly constructed road extending from Yates City to a point 4 miles south of Canton, Ill., acquired from the Jacksonville and Savanna Railroad Company, Nov. 6, 1861, and completed May 2, 1862.	20.07
A partly constructed bridge over the Missouri River and tracks connecting Plattsmouth, Nebr., and East Plattsmouth, Iowa, acquired from the Burlington and Missouri River Rail Road Company in Nebraska, July 26, 1880, and completed Sept. 12, 1880.	2.22
A partly constructed road between Murray and East Creston, Iowa, acquired from the Murray and Creston Railroad Company, Jan. 1, 1901, and completed in Dec., 1901.	21.28
		300.54
Acquired by consolidation of July 9, 1856:
From The Chicago, Burlington and Quincy Railroad Company, constructed by that company:
Aurora to Turner Junction (West Chicago), Ill., 1849 to Sept. 2, 1850.	12.02
Aurora to Mendota, Ill., 1852 to Oct. 20, 1853.	45.61
From the Central Military Tract Railroad Company, constructed by that company, Mendota to Galesburg, Ill., 1852 to Dec. 7, 1854.	79.45
		137.08
Acquired by purchase, from The Jacksonville and Savanna Railroad Company, Nov. 6, 1861, constructed by that company;
Partly constructed road from Yates City to a point 4 miles south of Canton (St. David), Ill.	......	......
Acquired by consolidation agreement of June 24, 1864, from the Peoria & Burlington Rail Road Company;
Constructed by The Logansport, Peoria and Burlington Railroad Company (not a predecessor), Peoria to East Burlington, Ill., 1851-1857.	......	93.66
Acquired by purchase:
From The Quincy and Chicago Railroad Company, Apr. 28, 1864, constructed by that company, Quincy to Galesburg, Ill., 1851 to Jan. 31, 1856.	......	99.91
From Burlington and Missouri River Railroad Company, July 31, 1875, constructed by that company—
Burlington to Ottumwa, Iowa, May, 1854, to Sept. 1, 1859.	75.48
Ottumwa to East Plattsmouth, Iowa, July, 1865, to Jan. 1, 1870.	204.82
Line north and south of Eastport, Iowa, 1869 to December, 1869.	4.82
Red Oak to Hamburg, Iowa, 1869 to Aug. 1, 1870.	39.17
Council Bluffs main line terminal tracks, 1870.	1.87
	326.16
Less mileage sold in Mar., 1871, to the Kansas City, St. Joseph and Council Bluffs Railroad Company (a predecessor included herein), line north and south of Eastport, Iowa.	4.82
		321.34
From the Burlington and Missouri River Rail Road Company in Nebraska, July 26, 1880, constructed by that company:
Plattsmouth to Kearney, Nebr., July, 1869, to Sept. 18, 1872.	191.79
Partly constructed bridge over Missouri River between Plattsmouth, Nebr., and East Plattsmouth, Iowa, Aug. 1879, to July 26, 1880.	......
		191.79
From the Republican Valley Railroad Company, Mar. 1, 1882, and June 1, 1886, constructed by that company—
Hastings, Nebr., to Colorado-Nebraska State line west of Haigler, Nebr., June, 1878, to May 29, 1882.	239.41
Aurora to Central City, Nebr., July, 1879, to Apr. 4, 1880.	19.65
York to Aurora, Nebr., July, 1879, to Nov. 3, 1879.	21.70
Lester to Endicott, Nebr., November, 1879, to Feb. 7, 1881.	76.67
From the Republican Valley Railroad Company, Mar. 1, 1882, and June 1, 1888—
Endicott to Beatrice, Nebr., Aug. 1880, to July 25, 1881.	38.99
Table Rock to Wymore, Nebr., Aug., 1880, to Dec. 5, 1881.	39.29
Nemaha to Beatrice, Nebr., Aug., 1880, to Sept. 2, 1883.	65.19
Salem to Memaha[sic-Nemaha], Nebr., Aug., 1883, to Dec. 20, 1883.	17.73
Aurora to Grand Island, Nebr., Mar., 1884, to June 8, 1884.	18.51
Aurora to Hastings, Nebr., Dec., 1885, to Sept. 13, 1886.	27.75
		564.89
From The Grand Island and Wyoming Central Railroad Company, Feb. 13, 1897, and Dec. 1, 1897—
Constructed by that company—
Grand Island to Whitman, Nebr., Apr., 1886, to May 30, 1887.	200.00
Whitman to Crawford, Nebr., Apr., 1887, to Sept. 19, 1889.	127.03
Crawford, Nebr., to Nebraska-South Dakota State line, Nov., 1888, to Oct. 19, 1889.	25.42
Nebraska-South Dakota State line to South Dakota-Wyoming State line, Nov., 1888, to Nov. 18, 1889.	48.87
Edgemont to Englewood, S. Dak., Apr., 1890, to Feb. 1, 1891.	98.40
Minnekahta to Hot Springs, S. Dak., May, 1891, to July 3, 1891.	12.43
Englewood to Spearfish, S. Dak., Nov., 1891, to Dec. 11, 1893.	31.91
Construction commenced by the Deadwood Central (a lessor) in 1889; right of way and grade between Englewood and Deadwood, S. Dak., acquired by The Grand Island and Wyoming Central Railroad Company Apr. 26, 1890, and line completed Feb. 1, 1891. (The Deadwood Central in selling this property reserved the right to lay and own a third rail and use same as a narrow-gauge line. See report on lessor companies.)	8.00
		552.06
From The Big Horn Southern Railroad Company, Dec. 1, 1897, constructed by that company, Wyoming-Montana State line near Aberdeen, Mont., to Huntley, Mont., Apr., 1894, to Oct. 28, 1894.	......	101.74
From The Grand Island and Northern Wyoming Railroad Company, Dec. 31, 1897, constructed by that company-
South Dakota-Wyoming State line to New Castle, Wyo., May, 1889, to Nov. 18, 1889.	23.10
New Castle to Upton, Wyo., May, 1890, to Aug. 5, 1890.	28.30
Upton, Wyo., to Wyoming-Montana State line near Aberdeen, Mont., Oct., 1890, to Aug. 1, 1894.	178.01
New Castle to Cambria [sic],Wyo., May, 1889, to Dec. 1, 1889.	7.18
		236.59
From The Peoria and Hannibal Railroad Company, June 1, 1899, constructed by that company—
Lewistown to a point 4 miles south of Canton, Ill., 1860 to Nov. 6, 1861.	10.07
Lewistown to Rushville, Ill., 1868 to May 7, 1868.	32.61
		42.68
From the Ottawa, Oswego and Fox River Valley Railroad Company, June 1, 1899, constructed by that company—
Streator to Wenona, Ill., 1867.	12.31
Streator to Montgomery, Ill., 1869 to Jan. 15, 1871.	57.53
Aurora to Geneva, Ill., May 1, 1871.	9.46
	79.30
Less mileage sold to the St. Louis, Jacksonville and Chicago Railroad Company (not a predecessor) Oct. 27, 1869, line Streator to Wenona, Ill.	12.31
		66.99
From The Illinois Grand Trunk Railway, June 1, 1899, constructed by that company—
Construction on the line from Mendota to Prophetstown, Ill., had been carried on by the predecessors of this company, some right of way acquired, and part of grading done. Beginning in October, 1870, active work on the line was commenced and the line completed May 14, 1871.	45.34
Prophetstown to East Clinton, Ill., Oct., 1871, to July, 1872.	17.09
East Clinton to Fulton, Ill., Oct., 1882, to Jan. 10, 1883.	1.95
		64.38
From the American Central Railway, June 1, 1899, constructed by that company—
Gala[sic-Galva] to New Boston, Ill., 1865 to Oct., 1869.	50.59
In addition to the above completed road, the company acquired some right of way and did some grading on the projected line east of Galva, Ill. In 1869 that part of the grade between Galva and Wyoming, Ill., was sold to the Peoria and Rock Island Railroad Company, a predecessor of The Chicago, Rock Island and Pacific Railway Company, and the grade east of Wyoming, Ill., was abandoned.	......
		50.59
From The Dixon and Quincy Railroad Company, June 1, 1899, constructed by that company, Arpee to Keithsburg, Ill., Nov., 1870, to Jan. 17, 1871.	......	5.60
From the Dixon, Peoria and Hannibal Railroad Company, June 1, 1899, constructed by that company, Buda to Elmwood, Ill., Aug., 1869, to Feb. 1, 1870.	......	44.60
From The Carthage and Burlington Railroad Company, June 1, 1899, constructed by that company, Carthage to East Burlington, Ill., Sept., 1867, to Jan. 10, 1870.	......	30.40
From The Quincy and Warsaw Railroad Company, June 1, 1899, constructed by that company, Quincy to Carthage, Ill., Aug., 1869, to Dec. 25, 1870.	......	40.60
From The Quincy, Alton and St. Louis Railway Company, June 1, 1899, constructed by that company—
Quincy to Pike, Ill., June, 1871, to Dec. 10, 1871.	43.01
Fall Creek to East Hannibal, Ill., July, 1873, to Aug. 10, 1873.	4.70
		47.71
From The Chicago and Iowa Railroad Company, June 1, 1899:
Constructed by that company—
Aurora to Rochelle, Ill., Mar., 1869, to Jan., 1871.	44.24
Oregon to Forreston, Ill., 1869 to Jan., 1872.	17.96
Constructed by The Chicago, Rockford and Northern Railroad Company, Flag Center to Rockford, Ill., 1874 to July 1, 1875.	23.50
Constructed by The Ogle and Carroll County Railroad Company, Rochelle to Oregon, Ill., Jan., 1868, to Apr. 3, 1871.	16.24
		101.94
From The Chicago and Rock River Railroad Company, June 1, 1899, constructed by that company, Rock Falls to Shabbona, Ill., July, 1870, to Oct. 16, 1872.	......	46.95
From the St. Louis, Rock Island and Chicago Railroad Company, June 1, 1899—
Constructed by that company—
Colona to Barstown [sic - Beardstown], Ill., 1877.	2.90
Colona to Cleveland, Ill., 1887.	3.50
Port Byron Junction to Rock Island, Ill., 1879.	7.00
Constructed partly by The St. Louis, Alton and Rock Island Railroad Company and completed by The Rockford, Rock Island and St. Louis Railroad Company, Beardstown to Whitehall, Ill., 1867 to Mar. 1, 1870.	44.00
Constructed by The Rockford, Rock Island and St. Louis Railroad Company—
Gladstone to Keithsburg, Ill., 1869 to Dec. 17, 1869. (About 5 miles of the line constructed on old grade built by The Logansport, Peoria and Burlington Railroad Company, not a predecessor, and subsequently abandoned by that company).	17.90
Sterling to Agnew, Ill., 1868-1869. (This mileage constructed on right of way of Chicago and North Western Railway Company and not claimed by the Burlington on date of valuation. See abandonments made by the Burlington).	4.62
Agnew to Port Byron Junction, Ill., 1868 to Jan. 12, 1870.	39.40
Osborn to Cleveland, Ill., 1869-1870.	3.50
Colona to Minersville, Ill., 1873.	1.40
Orion to Beardstown, Ill., 1868, to Mar. 1, 1870, and Whitehall to East Alton, Ill., 1868 to Mar. 1, 1870.	155.90
Constructed by The Orion and Minersville Railroad Company, Orion to Minersville, Ill., 1873.	7.60
		287.72
From the Illinois Valley and Northern Railroad Company, June 1, 1899—
Constructed by that company, Walnut to near Ripley, Ill., Aug., 1887, to June, 1888.	56.90
Constructed by the Star Coal Company (not a predecessor), Streator to near Ripley, Ill., June, 1886, to Sept., 1887.	3.00
		59.90
From the Joliet, Rockford & Northern Railroad Company, June 1, 1899, constructed by that company, Sheridan Junction to Paw Paw, Ill., Aug., 1881, to Nov. 27, 1882.	......	19.54
From the Galesburg & Rio Railroad Company, June 1, 1899, constructed by that company, Galesburg to Rio, Ill., Apr., 1886, to Oct. 31, 1886.	......	12.45
From the Chicago, Burlington and Northern Railroad Company (of Illinois), June 1, 1899—
Constructed by the Chicago, Burlington & Northern Railroad Company—
Fulton to Savanna, Ill., Nov., 1885, to May 8, 1886.	17.99
Galena Junction to Galena, Ill., 1886 to Jan. 3, 1887.	3.82
Terminal track, Dubuque, Iowa, 1887.	.54
Undetermined amount of construction done by the Chicago & North Wisconsin Railway Company and completed by the Chicago, Burlington and Northern Railroad Company (of Illinois)—
Oregon, Ill., to Illinois-Wisconsin State line, March, 1886, to July 20, 1886.	84.88
	107.23
Less, sold to Illinois Central Railroad Company Feb. 25, 1889, Portage Curve to East Dubuque, Ill.	12.78
		94.45
From the Chicago, Burlington & Northern Railroad Company, June 1, 1899, undetermined amount of construction done by the Winona, Alma and Northern Railway Company and completed by the Chicago, Burlington & Northern Railroad Company—
Illinois-Wisconsin State line north of East Dubuque, Ill., to St. Paul, Minn., 1883, to Aug. 23, 1886.	245.34
Terminal track, Winona, Minn., Jan. 3, 1887.	1.18
		246.52
From the Keokuk and St. Paul Railway Company, Jan. 1, 1901—
Constructed by that company, Fort Madison to Burlington, Iowa, 1867, to Oct. 27, 1869.	18.32
Constructed by the Keokuk, Mount Pleasant and Muscatine Railroad Company, Keokuk to Viele, Iowa, 1855 to 1857.	16.30
Construction commenced by the Iowa Southern Junction Rail Road Company and completed by the Iowa Southern Rail Road Company, Viele to Fort Madison, Iowa, 1858, to Oct. 31, 1859.	7.66
		42.28
From the Albia, Knoxville and Des Moines Railroad Company, Jan. 1, 1901, constructed by that company, Albia to Knoxville, Iowa, 1871 to Nov. 17, 1875.	......	32.92
From the Des Moines & Knoxville Railway Company, Jan. 1, 1901, constructed by that company, Knoxville to Des Moines, Iowa, May, 1879, to Jan. 10, 1880.	......	35.02
From The Chariton, Des Moines and Southern Rail Road Company, Jan. 1, 1901, constructed by that company, Chariton to Indianola, Iowa, Sept., 1878, to Feb. 23, 1879.	......	33.14
From The Creston Branch of the Burlington & Missouri River Railroad, Jan. 1, 1901, constructed by that company, Creston, Iowa, to Iowa-Missouri State line near Hopkins, Mo., 1871 to Jan. 31, 1872.	......	42.75
From the Burlington and Missouri Railroad Company, Jan. 1, 1901, constructed by that company, Chariton to Leon, Iowa, 1871 to Aug. 21, 1872.	......	36.72
From the Brownsville [sic - Brownville] and Nodaway Valley Railway Company, Jan. 1, 1901, constructed by that company—
Villisca to Clarinda, Iowa, 1872.	13.95
Clarinda, Iowa, to Burlington Junction, Mo., Apr., 1879, to Oct. 19, 1879.	21.12
		35.07
From the Clarinda, College Springs and South-Western Rail Road Company, Jan. 1, 1901, constructed by that company, Clarinda to Northboro, Iowa, Apr., 1881, to July 10, 1882.	......	15.89
From The Nebraska City, Sidney and North Eastern Rail Way Company, Jan, 1, 1901, constructed by that company, Hastings to Sidney, Iowa, July, 1878, to Dec. 2, 1878.	......	21.12
From the Leon, Mount Ayr and Southwestern Railroad Company, Jan. 1, 1901, constructed by that company—
Leon, Iowa, to Grant City, Mo., May, 1879, to Sept. 20, 1880.	57.57
Togo to Albany, Mo., April, 1880, to Oct. 1, 1881.	46.14
		103.71
From the Creston and Northern Railroad Company, Jan. 1, 1901, constructed by that company, Creston to Fontanelle, Iowa, Aug., 1878, to May 6, 1879.	......	27.42
From the Hastings and Avoca Railroad Company, Jan. 1, 1901, constructed by that company, Hastings to Carson, Iowa, Mar., 1880, to Oct. 6, 1880.	......	15.79
From the Red Oak and Atlantic Railroad Company, Jan. 1, 1901, constructed by that company, Red Oak to Griswold, Iowa, Aug., 1879, to Jan. 17, 1880.	......	18.04
From the Humeston and Shenandoah Railroad Company, Jan. 1, 1901, constructed by that company, Van Wert to Shenandoah, Iowa, 1881 to Nov. 18, 1882.	......	95.20
From the Western Iowa Railroad Company, Jan. 1, 1901, constructed by that company, Fontanelle to Cumberland, Iowa, Nov., 1884, to Aug. 25, 1885.	......	20.33
From the Chicago, Ft. Madison and Des Moines Railroad Company, Jan. 1, 1901—
Constructed by The Fort Madison and Northwestern Railway Company, Fort Madison to Collett, Iowa, 1872 to 1884. (This mileage was originally constructed as a narrow-gauge road and was widened to standard gauge in 1891.)	45.00
Constructed by The Chicago, Ft. Madison and Des Moines Railway Company, Collett to Ottumwa, Iowa, 1891 to Dec. 11, 1892.	26.00
	71.00
Less mileage from a point 1.5 miles west of Batavia to Ottumwa, Iowa, abandoned July, 1900.	15.05
		55.95
From the Murray and Creston Railroad Company, Jan. 1, 1901, constructed by that company; partly constructed a low-grade line on a new location between Murray and East Creston, Iowa; line completed by the Burlington and its heavy-grade line between these points abandoned.	......	......
From The Chillicothe and Chariton Rail Road Company, Jan. 1, 1901, constructed by that company; from a point 1 mile east of Frederic, Iowa, to a point at tower No. 307 west of Albia, Iowa, 1879.	......	14.97
(This line was built to furnish the Burlington a second track between these points; see tabulation in this chapter of reclassified mileage.)
From the Fairfield and Ottumwa Railroad Company, Jan. 1, 1901, constructed by that company, from a point near Fairfield to a point near Batavia, Iowa, 1900. (This mileage built as part of grade-reduction work on the Burlington between these points. Upon completion of this road the Burlington abandoned its own line between these points.)	......	9.15
From the Hannibal and St. Joseph Railroad Company, Jan. 1, 1901—
Constructed by that company—
Hannibal to St. Joseph, Mo., 1851 to Feb. 13, 1859.	206.52
St. Joseph to Winthrop, Mo., 1872.	19.47
Constructed by The Quincy and Palmyra Railroad Company, West Quincy to Palmyra Junction, Mo., June, 1858, to Apr. 1, 1860.	12.65
Constructed by The Kansas City and Cameron Railroad Company, Kansas City to Cameron Junction, Mo., Nov., 1860, to July 4, 1869.	54.16
	292.80
Less mileage abandoned in 1896, Winthrop to Rushville, Mo.	4.13
		288.67
From the Grant City and Southern Railroad Company, Jan. 1, 1901, constructed by that company, Grant City to Albany Junction, Mo., Apr. 10, 1899, to Nov. 6, 1899.	......	19.93
From the St. Joseph and Nebraska Railroad Company, Jan. 1, 1901, constructed by that company—
Napier, Mo., to east bank of Missouri River opposite Rulo, Nebr., Sept., 1882, to Jan. 29, 1883.	8.59
Less mileage from East Rulo to east bank of Missouri River, abandoned in 1887.	2.73
		5.86
From The St. Joseph & Des Moines Railroad Company, Jan. 1, 1901, constructed by that company, St. Joseph to Albany, Mo., 1878 to Oct. 15, 1879.	......	48.09
(Constructed originally as a narrow-gauge railroad; gauge widened to standard from Apr. 4, 1884, to May 1, 1885.)
From the Kansas City, St. Joseph and Council Bluffs Railroad Company, Jan. 1, 1901—
Constructed by that company—
Maryville, Mo., to Iowa-Missouri State line north of Hopkins, Mo., 1870.	16.11
Amazonia to Savannah Junction, Mo., 1872.	5.87
East Leavenworth to Stillings, Mo., 1872.	1.00
Constructed by the Burlington and Missouri River Railroad Company; line north and south of Eastport, Iowa, 1869.	4.82
Construction commenced by the Western[sic] and Atchison Rail Road Company and completed by the Platte Country Railroad Company; Weston to Winthrop, Mo., 1858 to Apr. 1, 1861.	15.24
Construction commenced by the Missouri Valley Railroad Company and completed by the Platte Country Railroad Company; St. Joseph to Winthrop, Mo., 1858 to Apr. 1, 1861.	19.40
Constructed by the Platte Country Railroad Company, St. Joseph to Savannah, Mo., 1858 to Apr. 1, 1861.	17.36
Constructed by the Missouri Valley Railroad Company—
North Kansas City to Weston, Mo., 1863 to Nov., 1869.	25.26
Savannah Junction to Maryville, Mo., 1867 to Nov. 29, 1869.	34.09
Constructed by The St. Joseph & Council Bluffs Rail Road Company, St. Joseph, Mo., to Missouri-Iowa State line near Hamburg, Iowa, 1867 to Aug., 1868.	80.93
Constructed by the Council Bluffs and St. Joseph Rail Road Company—
Council Bluffs, Iowa, to Missouri-Iowa State line near Hamburg, Iowa, 1859 to 1868.	51.07
Payne to East Nebraska City, Iowa, 1868.	2.35
Constructed by the Nodaway Valley Railroad Company, Bigelow to Burlington Junction, Mo., 1879 to Sept. 6, 1880.	31.54
Constructed by the Tarkio Valley Railroad Company, Corning, Mo., to Northboro, Iowa, 1880 to Jan. 17, 1882.	29.53
	334.57
Less mileage abandoned—
St. Joseph to Savannah, Mo., 1872.	17.00
Line north and south of Eastport, Iowa, originally constructed by the Burlington and Missouri River Railroad Company.	4.82
Abandonments in various locations along the Missouri River account relocations of line.	4.25
	26.07
		308.50
From the Keokuk and Western Railroad Company, Jan. 1, 1901—
Construction commenced by The Alexandria and Nebraska City Rail Road Company and completed by the Missouri, Iowa and Nebraska Railway Company, Alexandria to Luray, Mo., 1864 to Sept. 11, 1871.	24.00
Constructed by the Missouri, Iowa and Nebraska Railway Company—
Luray, Mo., to Centerville, Iowa, 1871 to Dec. 3, 1872.	60.30
Centerville to Corydon, Iowa, 1875 to Aug., 1876.	28.10
Corydon to Van Wert, Iowa, 1879 and 1880.	30.25
Constructed by the Des Moines, Osceola and Southern Rail Road, Des Moines, Iowa, to Cainsville, Mo., 1881 to Dec. 4, 1884. (This line was originally constructed as a narrow-gauge line. In 1896, after the Des Moines & Kansas City Railway Company acquired it, the gauge was widened to standard.)	111.11
		253.76
From the St. Louis, Keokuk & Northwestern Railroad Company, Jan. 1, 1901—
Constructed by that company, St. Louis to Cuivre Junction, Mo., 1892 to Mar. 4, 1894.	48.47
Construction commenced by the Mississippi and Missouri River Air-Line Railroad Company and completed by the Mississippi Valley and Western Railway Company (of March, 1871), West Quincy, Mo., to Buena Vista, Iowa, 1868 to June, 1872.	33.93
Construction commenced by The Mississippi Valley Railroad Company and completed by the Mississippi Valley and Western Railway Company (of January, 1873), Moody to Hannibal, Mo., 1873 to Mar. 29, 1874.	13.25
Construction commenced by the Mississippi Valley and Western Railway Company (of January, 1873) and completed by the St. Louis, Keokuk and North Western Railway Company, Hannibal to Louisiana, Mo., 1875 to May 29, 1876.	25.32
Construction commenced by The Clarksville and Western Railroad Company and completed by the St. Louis. Keokuk and North Western Railway Company—
Louisiana to Clarksville, Mo., 1871 to May, 1873.	9.99
Clarksville to St. Peters, Mo., 1871 to Aug. 11, 1879.	43.60
Constructed by the St. Louis. Keokuk and North Western Railway Company—
Buena Vista to Keokuk, Iowa, 1881 to March, 1882.	2.75
Construction commenced by the Iowa Northern Central Railroad Company and the Keokuk and Minnesota Railway Company, continued by The Keokuk, Iowa City and Minnesota Railroad Company, and completed by The Keokuk and North Western Railroad Company, Keokuk to near Salem, Iowa, 1866 to Dec. 22, 1880.	33.56
Constructed by the Keokuk, Mt. Pleasant & Northern Railroad Company, Mt. Pleasant to near Salem, Iowa, 1866 to Jan. 31, 1881.	14.53
		225.40
From The Chicago, Burlington and Kansas City Railway Company, Jan. 1, 1901—
Constructed by that company—
Sumner to Carrollton, Mo., 1883 to June 23, 1885.	29.90
Laclede to Sumner, Mo., 1882. (An old grade built by the Missouri Central Rail Road Company between 1869 and 1871, was restored and used.)	10.00
Constructed by the Linneus branch of the Burlington and Southwestern Railway—
Laclede to Cora, Mo., 1871 to September, 1872.	19.25
Unionville to Pollack, Mo., 1871 to October, 1873.	12.15
Cora to Pollack, Mo., October, 1875, to Sept. 27, 1876.	21.66
(Between Laclede and Linneus, Mo., an old grade built by the North Missouri Central Rail Road Company in 1868 to 1870, was acquired and used.)	......
Construction commenced by the Iowa and Missouri State Line Railroad Company, continued by the Burlington and Southwestern Railway Company (of 1870), and completed by the Burlington and Southwestern Railway Company (of 1871), Farmington to Bloomfield, Iowa, 1859 to January, 1872.	40.40
Construction commenced by the Burlington and Southwestern Railway Company (of 1870) and Fort Madison, Farmington and Western Railroad Company, and completed by the Burlington and Southwestern Railway Company (of 1871)—
Viele to Farmington, Iowa, 1870 to May 1, 1871.	18.40
Moulton, Iowa, to Unionville, Mo., 1870 to June 8, 1873. (Between Unionville, Mo., and the Missouri-Iowa State line, a grade built by the St. Joseph and Iowa Railroad Company was purchased and used).	30.09
Construction commenced by the Burlington and Southwestern Railway Company (of 1869), continued by the Burlington and Southwestern Railway Company (of 1870), and completed by the Burlington and Southwestern Railway Company (of 1871), Rulo to Falls City, Nebr., 1869 to 1870.	8.00
	189.85
Less mileage, Rulo to Falls City, Nebr., sold in 1870 to the Atchison and Nebraska Railroad Company.	8.00
		181.85
From The Burlington and Western Railway Company, Dec. 1, 1903—
Constructed by that company—
Winfield to Oskaloosa, Iowa, July, 1881, to Dec. 9, 1883.	70.77
Oskaloosa to Tracy, Iowa, 1902 to Nov. 8, 1903.	13.16
Constructed by The Burlington and Northwestern Railway Company, Mediapolis to Washington, Iowa, December, 1875, to May 1, 1880.	37.27
		121.20
(The line Mediapolis to Washington and Winfield to Oskaloosa was originally constructed as a narrow-gauge road; gauge was widened to standard in 1902.)
From The Quincy Rail Road Bridge Company, Dec. 1, 1903, constructed by that company, Quincy, Ill., to West Quincy, Mo., including bridge over the Mississippi River, 1866 to Nov. 9, 1868.	......	1.50
From the Iowa & St. Louis Railway Company, Dec. 1, 1903, constructed by that company—
Centerville to Sedan, Iowa, 1901-1902.	7.00
Novinger to Connelsville, Mo., 1901-1902.	3.66
Sedan, Iowa, to Connelsville, Mo., 1903.	28.36
Novinger to Elmer, Mo., 1903.	19.98
	59.00
Less mileage, Centerville to Sedan, Iowa, abandoned 1903.	7.00
		52.00
(During 1903 when the construction of the line was being completed, the original line Novinger to Connelsville, Mo., was reconstructed.)
From The Jacksonville and Saint Louis Railway Company, July 1, 1905—
Constructed by the Jacksonville & Concord Railway Company, Concord to Jacksonville, Ill., 1903, to Feb. 4, 1904.	9.96
Constructed by The Jacksonville Southeastern Railway Company, Virden to Centralia, Ill., 1879 to 1883.	81.20
Constructed by The Jacksonville, North Western and South Eastern Railway Company, Virden to Franklin, Ill., 1870-1871.	17.70
Constructed by The Illinois Farmers' Railroad Company, Jacksonville to Franklin, Ill., 1870.	13.00
		121.86
From the Fenton and Thomson Railroad Company, Mar. 1, 1906, constructed by that company, Fenton Junction, to Ebner, Ill., November, 1903, to Dec. 25, 1904.	......	12.70
From the Burlington and Colorado Railroad Company, Feb. 15, 1908, constructed by that company, Colorado-Nebraska State line, near Laird, Colo., to Denver, Colo., 1881 to May 29, 1882.	......	174.89
From The Nebraska and Colorado Railroad Company, Feb. 15, 1908, constructed by that company—
DeWitt, Nebr., to Colorado-Nebraska State line near Venango, Nebr., August, 1883, to Aug. 7, 1887.	298.32
Strang, to Fairmount, Nebr., November, 1885, to June, 1886.	15.43
Strang to Chester, Nebr., August, 1883, to Dec. 6, 1886.	29.76
Edgar to Superior, Nebr., 1886.	26.53
Holdrege to Kenesaw, Nebr., 1883.	39.91
Holdrege to Oxford, Nebr., 1884.	20.76
		430.71
From The Colorado and Wyoming Railroad Company, Feb. 15, 1908, constructed by that company, Colorado-Nebraska State line, Holyoke, Colo., to the Colorado-Wyoming State line, near Carpenter, Wyo., March, 1887, to Dec. 11, 1887.	......	144.58
(In addition to the line completed, this company, during 1887, constructed a grade 12.93 miles long, extending from Holyoke to the Nebraska State line, on Frenchmans' Creek, but no track was laid thereon and the grade was subsequently abandoned.)
From the Cheyenne and Burlington Railroad Company, Feb. 15, 1908, constructed by that company, Colorado-Wyoming State line near Carpenter, Wyo., to Cheyenne, Wyo., April, 1887, to December, 1887.	......	29.01
From the Nebraska Railway Company, Feb. 15, 1908—
Constructed by that company—
Seward to York, Nebr., May, 1876, to July 25, 1877.	26.99
Brownville to Nemaha, Nebr., 1878.	4.60
Nebraska City, Nebr., to Nebraska City Junction, Iowa, including bridge over the Missouri River, June, 1887, to Aug. 12, 1888.	5.20
Constructed by the Midland Pacific Railway Company—
Nebraska City to Seward, Nebr., 1869, to Sept. 11, 1873.	82.64
Nebraska City to Eddy's Switch, Nebr., 1874 to Feb. 1, 1875.	18.40
Constructed by The Brownville, Fort Kearney and Pacific Rail Road Company, Brownville to Eddy's Switch, Nebr., 1872.	4.00
		141.73
(From 1870 to 1872 the grade from Brownville to Tecumseh, Nebr., a distance of 30 miles was completed and about 10 miles of track laid. Later the track west of Eddy's Switch was taken up and the grade from Eddy's Switch to Tecumseh abandoned.)
From The Lincoln and North Western Railroad Company, Feb. 15, 1908, constructed by that company—
Lincoln to Columbus, Nebr., 1879, to May 18, 1880.	73.40
Cushman Junction to a point about 2 miles west of Milford, Nebr., June 1, 1906, to Nov. 27, 1907.	21.18
	94.58
Less, mileage between Cushman Junction and near Milford, Nebr., being part of the original line from Lincoln to Columbus, Nebr., abandoned in 1907 following the construction of a new line between these points.	17.94
		76.64
From the Atchison and Nebraska Railroad Company, Feb. 15, 1908—
Constructed by that company—
Lincoln to Falls City, Nebr., 1871 to Sept. 1, 1872.	89.40
Rulo, Nebr., to East Rulo, Mo., including bridge over the Missouri River, 1880-1887.	3.42
Construction commenced by the Burlington and Southwestern Railway Company (of 1869), continued by the Burlington and Southwestern Railway Company (of 1870), and completed by the Burlington and Southwestern Railway Company (of 1871), Rulo to Falls City, Nebr., 1869 to 1870.	8.00
Constructed by The Atchison, Lincoln and Columbus Railroad Company—
Kansas-Nebraska State line south of Rulo, Nebr., to Rulo, Nebr., 1871.	8.19
Near Preston to Falls City, Nebr., 1871.	2.12
Constructed by The Atchison and Nebraska Rail Road Company, Atchison, Kans., to the Kansas-Nebraska State line, south of Rulo, Nebr., 1867 to Jan. 11, 1871.	37.24
		148.37
From the Omaha and South Western Railroad Company, Feb. 15, 1908—
Constructed by that company-
Omaha to Cedar Island, Nebr., 1870.	21.13
La Platte to Oreapolis, Nebr., 1871.	2.25
In Omaha from old to new depot, 1871.	1.50
Crete to Beatrice, Nebr., 1871.	31.04
Omaha to South Omaha, Nebr., 1885.	4.20
Pappio to Gilmore, Nebr., 1890.	3.87
	63.99
Less—
La Platte to Cedar Island, Nebr., abandoned in 1871.	8.00
Omaha to South Omaha, Nebr., sold in 1887 to The Omaha and North Platte Railroad Company a predecessor.	4.20
	12.20
		51.79
From The Omaha and North Platte Railroad Company, Feb. 15, 1908—
Constructed by that company, South Omaha to Schuyler, Nebr., February, 1886, to Oct. 24, 1887.	76.99
Constructed by the Omaha and South Western Railroad Company, Omaha to South Omaha, Nebr., 1885.	4.20
		81.19
From the Nebraska, Wyoming and Western Railroad Company, Feb. 15, 1908, constructed by that company—
Alliance, Nebr., to Guernsey, Wyo., June, 1899, to June 11, 1900.	128.83
Northport, Nebr., to Colorado-Nebraska State line, near Lorenzo, Nebr., 1899 to Sept. 14, 1900.	53.28
Ironton Junction to Ironton, Wyo., 1905.	8.85
		190.96
From The Denver and Montana Railroad Company, Feb. 15, 1908, constructed by that company—
Colorado-Nebraska State line, south of Lorenzo, Nebr., to Sterling, Colo., February, 1900, to September, 1900.	27.85
Union to Brush, Colo., February, 1900, to September, 1900.	11.39
		39.24
From the Lincoln and Black Hills Railroad Company, Feb. 15, 1908, constructed by that company—
Central City to Ericson, Nebr., April, 1887, to May 8, 1888.	62.94
Palmer to Arcadia, Nebr., April, 1887, to Oct. 31, 1887.	54.02
Arcadia to Sargent, Nebr., July, 1899, to Oct. 31, 1899.	19.27
Greeley Center to Burwell, Nebr., May, 1887, to Dec. 15, 1887.	40.38
		176.61
(Considerable grading was also done on projected lines northwesterly from Sargent and Burwell but no track was laid.)
From the Oxford and Kansas Railroad Company, Feb. 15, 1908, constructed by that company, Orleans, Nebr., to Kansas-Nebraska State line, west of Marion, Nebr., Mar. 1, 1887, to Oct. 9, 1887.	......	59.61
(During 1887, 9 miles of the Sappa Creek branch were graded, but no track was laid thereon.)
From the Beaver Valley Railroad Company, Feb. 15, 1908, constructed by that company, Kansas-Nebraska State line, west of Marion, Nebr., to St. Francis, Kans., February, 1887, to July 8, 1888.	......	74.18
(Grading was completed to a point about 5 miles west of St. Francis, but track only laid to a point ⅓ mile west of station at St. Francis.)
From the Republican Valley, Kansas and Southwestern Railroad Company, Feb. 15, 1908—
Constructed by the Republican Valley and Kansas Railroad Company, Republican, Nebr., to a point in a southwesterly direction on the Kansas-Nebraska State line, June 10, 1885, to Sept. 6, 1885.	8.50
Constructed by the Burlington, Kansas and Southwestern Railroad Company, Kansas-Nebraska State line, southwest of Republican, Nebr., to Oberlin, Kans., June 10, 1885, to Oct. 12, 1885.	69.73
		78.23
From the Chicago, Nebraska and Kansas Railroad Company, Feb. 15, 1908—
Constructed by The Chicago, Iowa and Kansas Railroad Company (of Nebraska), Odell, Nebr., to a point in a southerly direction on the Kansas-Nebraska State line, September, 1883, to Aug. 25, 1884.	6.03
Constructed by The Chicago, Iowa and Kansas Railroad Company (of Kansas), Kansas-Nebraska State line, south of Odell, Nebr., to Concordia, Kans., 1883, to Aug. 25, 1884.	65.01
		71.04
From The Kansas City & Omaha Railway Company, Feb. 15, 1908, constructed by the Kansas City and Omaha Rail Road Company—
Fairfield to Stromsburg, Nebr., 1886 to July, 1887.	64.31
Alma Junction to Alma, Nebr., 1886 to Nov. 10, 1887.	85.24
K. C. & O. Junction to McCool Junction, Nebr., 1886 to 1887.	43.53
		193.08
From the Republican Valley & Wyoming Railroad Company, Feb. 15, 1908, constructed by that company, Culbertson to Imperial, Nebr., May 1, 1887, to Aug. 15, 1892.	......	49.17
(A right of way was acquired and grading done on a line extending northwesterly from Imperial, Nebr., for a distance of 21.95 miles, but no track was laid.)
From The Denver, Utah and Pacific Railroad Company, Feb. 15, 1908—
Constructed by that company—
Burns Junction to Longmont, Colo., 1889. (This track was laid on an old grade purchased from the Union Pacific Railroad Company, successor to the Denver, Western and Pacific Railroad Company, which originally built the grade).	21.85
Longmont to Lyons, Colo., March, 1885, to September, 1885.	10.82
Towers Junction to Towers, Colo., May, 1887.	3.70
Construction commenced by The Denver, Longmont and Northwestern Railroad Company and completed by The Colorado Northern Railway Company, Mitchell to Longmont, Colo., 1878 to 1883. (Constructed as a narrow-gauge railroad).	9.77
Constructed by The Denver, Utah and Pacific Rail-road Company, Denver to Mitchell, Colo., 1880 to Nov. 24, 1881. (Constructed as a narrow-gauge railroad).	22.90
	69.04
(The company acquired a right of way and constructed a grade thereon between Hallock Junction and the foot hills of the Rocky Mountains, but no part of this section of road was ever completed or used.)
Less mileage of narrow-gauge line, Utah Junction to Longmont, abandoned in 1899. (The remainder of this narrow-gauge line, 3 miles between Denver and Longmont, was widened to standard gauge in 1898).	29.67
		39.37
From The Sioux City and Western Railway Company, Dec. 1, 1908—
Constructed by that company, Laketon to Ashland, Nebr., 1905 to March, 1906.	103.07
Constructed by The Nebraska and Western Railway Company, South Sioux City to O'Neill, Nebr., 1889-1890.	127.98
		231.05
From the Fulton County Narrow Gauge Railway Company, Dec. 1, 1908—
Constructed by that company, West Havana to Fairview, Ill., 1880 to Nov. 1, 1880. (Originally constructed as a narrow-gauge railroad and changed to standard gauge Nov. 23, 1905).	29.59
Constructed by the Fulton County Extension Railway Company, Galesburg to Fairview, Ill., 1881 to Aug. 28, 1882. (Originally constructed as a narrow-gauge railroad and changed to standard gauge Oct. 15, 1905).	29.71
		59.30
From the Northern and Southern Illinois Railroad Company, Dec. 1, 1908, constructed by that company, Centralia to Herrin, Ill., Apr. 1, 1905, to Apr. 1, 1906.	......	51.56
From The Adair County Railroad Company, Nov. 14, 1911, constructed by that company; no main track; property consisted of approximately 6 miles of spurs and sidings, extending from Youngstown, Mo., to the coal mines west thereof, constructed during 1904 and 1905.	......	......
From the Herrin & Southern Railroad Company, Oct. 29, 1914, constructed by that company—
Herrin Junction, Ill., to Neilson, Ill., July, 1909, to Oct. 15, 1910.	14.29
West Vienna to Metropolis, Ill., July, 1909, to Oct. 15, 1910.	24.18
		38.47
From the Big Horn Railroad Company, constructed by that company—
Deeded to the Burlington, Dec. 1, 1908, Frannie Junction to Kirby, Wyo., Oct. 3, 1905, to Sept. 3, 1907.	110.91
Deeded to the Burlington, July 1, 1916—
Kirby to Orin Junction, Wyo., July, 1909, to Oct. 18, 1914.	214.30
Warren to Fromberg, Mont., 1910 to Apr. 24, 1911.	29.92
		355.13
From The Denver, Golden and Salt Lake Rail Road Company, Mar. 1, 1917, constructed by that company; no main track; property consisted of land and side tracks in West Denver, Colo., constructed in July, 1882.	......	......
From the Franklin & Waverly Railway Company, Mar. 23, 1917, constructed by that company, from a point south of Franklin, Ill., to a point north of Waverly, Ill., May, 1906, to January, 1907.	......	1.57
(Original line between these points acquired by the Burlington from The Jacksonville and Saint Louis Railway Company was abandoned after the construction of this line).
From the Centralia & Sandoval Railroad Company, Mar. 23, 1917, constructed by that company; no main track; property consisted of spur and side tracks to Marion Coal Company's mines north of Centralia, Ill.; constructed between August, 1909, and November, 1909.	......	......
		9,146.89
Less mileage abandoned or reclassified by the Burlington:
Abandoned—
Previously acquired from the Ottawa, Oswego and Fox River Valley Railroad Company, abandoned during June, 1907, Geneva to West Batavia, Ill.	2.16
Previously acquired from the St. Louis, Rock Island and Chicago Railroad Company, abandoned during 1912—
Colona to Cleveland, Ill.	3.50
Osborn to Cleveland, Ill.	3.50
Not claimed by the Burlington, Sterling to Agnew, Ill. (This line was originally built on the right of way belonging to the Chicago and North Western Railway Company and was included in the mileage purchased by the Burlington, but at date of valuation the Burlington waived any claim to this line and it is inventoried as second main track of the Chicago and North Western Railway Company).	4.62
Previously acquired from The Jacksonville and Saint Louis Railway Company, abandoned during 1907; from a point south of Franklin to a point north of Waverly, Ill. (This line was replaced by a shorter line constructed in the name of the Franklin & Waverly Railway Company).	2.85
Previously acquired from the Burlington and Missouri River Railroad Company—
Abandoned during December, 1901, Murray to East Creston, Iowa. (This line was replaced by a low-grade line the construction of which was commenced in the name of the Murray and Creston Railroad Company and completed by the Burlington).	23.01
Abandoned during 1900, from a point near Batavia to a point near Fairfield, Iowa. (This line was replaced by a low-grade line, constructed in the name of the Fairfield and Ottumwa Railroad Company).	10.85
Previously acquired from the Keokuk and Western Railroad Company, abandoned during 1905, Leon to Koyle, Iowa.	4.35
Previously acquired from the St. Louis, Keokuk & Northwestern Railroad Company, Cuivre Junction to St. Peters, Mo.	10.55
Constructed by the Burlington 1900-1901, and abandoned in 1911, Toluca to Warren, Mont.	74.62
	140.01
Reclassified as second main track—
Previously acquired from The Chariton, Des Moines and Southern Rail Road Company, Chariton to Indianola Junction, Iowa.	2.62
Previously acquired from The Chillicothe and Chariton Rail Road Company, from a point 1 mile east of Frederic, Iowa, to a point at tower 307 west of Albia, Iowa.	14.97
Previously acquired from the Hannibal and St. Joseph Railroad Company, St. Joseph to Rushville, Mo.	15.34
	32.93
		172.94
		8,973.95
Difference between total recorded mileage and mileage inventoried as of date of valuation		1.163
Wholly owned mileage inventoried as of date of valuation.		8,972.787

In addition, the Burlington jointly owns with other common carriers 7.093 miles of road, as detailed below:

• Acquired from The Chicago, Burlington and Quincy Railroad Company, July 9, 1856, owned jointly with Illinois Central Railroad Company, The Michigan Central Railroad Company, and Chicago and North Western Railway Company; constructed by the Illinois Central; St. Charles Air Line from near Twelfth Street in Chicago, westwardly to the south bank of the Chicago River near Sixteenth Street. 0.702
• Acquired from The Grand Island and Wyoming Central Railroad Company, Dec. 1, 1897; constructed by and owned jointly with the Chicago and North Western Railway Company, at Hot Springs, S. Dak. .913
• Details of acquisitions not determined, owned jointly with—
  • Chicago and North Western Railway Company, at Chicago, Ill. 0.165
  • Davenport, Rock Island and North Western Railway Company, at Rock Island, Ill. .716
  • Illinois Central Railroad Company, near Freeman, Ill. 1.615
  • The Chicago, Rock Island and Pacific Railway Company at—
    • Clinton, Iowa. 1.712
    • Stillings, Mo. .139
  • The Chicago, Rock Island and Pacific Railway Company and Chicago, Milwaukee and St. Paul Railway Company, at Clinton, Iowa .611
  • St. Louis,[sic] Merchants Bridge Terminal Railway Company, at St. Louis, Mo. .520
• Total. 7.093

Leased Railway Property

The Burlington uses on date of valuation property owned by other companies and other companies use property owned by the Burlington 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:

	Rentals
Solely owned, but not used, leased to —
Colorado and Southern; track, 0.37 mile of yard tracks at Greeley, Colo.; no contract; no rental charged; lessee maintains track at its own expense.	......
Illinois Northern Railway —
Yard track between Leavitt Street and Western Avenue, Chicago, Ill.; contract indefinite from July 1, 1916, subject to cancellation on six months' notice; stipulated payment of 5 per cent per annum on agreed valuation of $50,000 for track and right of way and $500 per annum as representing taxes paid by the Burlington; rental and taxes for year ending at date of valuation, estimated at $3,000, not billed until December, 1920, and no estimate set up on books of Burlington during this period.	......
Yard track between Oakley Avenue and Hoyne Avenue, Chicago, Ill., contract dated Aug. 1, 1908; stipulated payment of 5 per cent per annum on agreed valuation of $36,884.	$1,844.16
Solely used, but not owned, leased from —
Deadwood Central; entire property; no formal lease; no stipulated payment made; Burlington owns all capital stock and indebtedness of lessor; no books of accounts maintained by lessor; all revenues, expenses, and taxes included in revenue, expense, and tax accounts of the Burlington and no accounting made between lessee and lessor for such operations since control acquired Apr. 1, 1893.	......
Black Hills and Fort Pierre, entire property; no formal lease; no stipulated payment made; Burlington owns all capital stock and indebtedness of lessor; no books of accounts maintained by lessor; all revenues, expenses, and taxes included in revenue, expense, and tax accounts of the Burlington and no accounting made between lessee, and lessor for such operations since control acquired June 1, 1901.	......
Colorado and Southern, tracks, 30.824 miles of main track, Wendover to Orin Junction, Wyo., together with side tracks, stations, and all facilities; term three years from Oct. 18, 1914; new contract made Oct. 18, 1916, for indefinite period, subject to cancellation on six months' notice; stipulated payment of 5 per cent on agreed valuation of the property; maintenance, taxes, and insurance paid by lessee.	32,235.11
Jointly used, but not owned:
Owned by —
The Atchison and Eastern Bridge Company (not a common-carrier corporation); used with The Atchison, Topeka and Santa Fe Railway Company, and the Chicago, Rock Island and Pacific Railway Company; bridge over the Missouri River and tracks of 0.328 mile connecting Winthrop, Mo., and Atchison, Kans.; no formal lease; bridge tariff; passengers 20 cents one way, 30 cents round trip: merchandise 2.5 cents per cwt.; cars $1.25 to $3 each.	22,858.90
Atchison Union Depot and Railroad Company, passenger-depot facilities at Atchison, Kans.; term 50 years from July 1, 1879; Burlington has stock ownership of 37.5 per cent and pays 37.5 per cent of principal of bonds retired, and of interest on outstanding bonds of lessor, taxes, maintenance, and operation.	1,899.76
The Baltimore and Ohio Southwestern Railroad Company, tracks, 54.20 miles, from Shattuc to East St. Louis, Ill.; term 20 years from Nov. 4, 1912, and thereafter until terminated on 5 years' notice; stipulated payment equal to 2.5 per cent on valuation; also proportion of taxes and maintenance on wheelage basis.	69,549.57
Chicago and Western Indiana Railroad Company, leased to The Belt Railway Company of Chicago; used with The Atchison, Topeka and Santa Fe Railway Company; The Chicago, Rock Island and Pacific Railway Company; Chicago, Indianapolis and Louisville Railway Company; Chicago and Eastern Illinois Railroad Company; Chicago and Erie Railroad Company; The Chesapeake and Ohio Railway Company; Grand Trunk Western Railway Company; Illinois Central Railroad Company; Minneapolis, St. Paul & Sault Ste. Marie Railway Company; Pennsylvania Company; and Wabash Railway Company. The Burlington uses 11.71 miles of main track in common with the tenants named; term 50 years from Nov. 1, 1912; the Belt Railway performs certain switching service for the tenants; certain expenses and revenues are apportioned to the 12 tenant companies on wheelage basis; proportion paid by Burlington for rental and service.	19,653.71
The Chicago and Alton Railroad Company —
Tracks, 2.07 miles, from Pike, Ill., to Louisiana, Mo., including bridge over Mississippi River; term indefinite from Oct. 1, 1908, subject to cancellation on 60 days' notice; stipulated payment of $1,800 per annum for two scheduled trains per day, $50 per month for additional scheduled trains, extra trains and cars paid for at agreed unit rates and 25 cents for each passenger carried over the bridge.	2,616.59
Tracks, 0.38 mile, from Twelfth Street to Meaghen Street, Chicago, Ill., for a term of 999 years from Sept. 7, 1880; stipulated payment of one-tenth of 7 per cent on valuation of $142,623.25.	242.22
Tracks, 1.80 miles, from Francis to Mexico, Mo., and freight and passenger facilities at Mexico, Mo., for a term of 20 years from Aug. 1, 1906; stipulated payment equal to proportion of 4 per cent per annum on valuation, such proportion based on car mileage for track Francis to Mexico, Mo., and cars handled basis for terminal facilities at Mexico, Mo.; maintenance, operation, and taxes divided same proportions of car mileage and cars handled basis.	2,587.63
Chicago, Milwaukee and St. Paul Railway Company —
Tracks, 17.91 miles, from St. Croix Crossing to St. Paul, Minn., main line of both companies used under a reciprocal agreement as a double-track line between these points; term indefinite from May 28, 1902, subject to termination on one year's notice.	......
Track, 0.25 mile, at Dayton's Bluff, Minn.; term 50 years from Mar. 25, 1909; rental included in bill for use of interlocker and not separable.	......
Chicago Junction Railway Company, trackage to and from Union Stock Yards, Chicago, Ill.; no formal lease; trackage furnished at specified rates per car.	32,336.87
Chicago and North Western Railway Company —
Bridge over Mississippi River and tracks, 0.90 mile, connecting East Clinton, Ill., and Clinton, Iowa, contracts dated Dec. 15, 1884, and Jan. 12, 1885, for one year; use under contracts mentioned extended to Dec. 31, 1918, by agreement; stipulated payment of $20,000 per annum, one-half of taxes; maintenance and expenses on wheelage basis rental includes 15 months' use.	25,000.00
Tracks, 4.62 miles, from Agnew to Sterling, Ill.; term indefinite; this is a double-track line, one line of which was originally constructed by The Rockford, Rock Island and St. Louis Railroad Company (a predecessor of the Burlington) in 1870, on the right of way belonging to the Chicago and North Western Railway Company and both lines used without rental charge being made against the other; maintenance on wheelage basis; taxes divided equally; at date of valuation, ownership of track constructed by its predecessor was not claimed by the Burlington, and both tracks were inventoried to the Chicago and North Western Railway Company as owner.	......
Terminal tracks, 1.40 miles, at Council Bluffs, Iowa; term indefinite from Jan. 1, 1889, subject to cancellation on six months' notice; stipulated payment of 2 per cent per annum on valuation; expenses on basis of cars handled.	189.40
The Chicago, Rock Island and Pacific Railway Company; tracks, 13.90 miles, from Burlington to Mediapolis, Iowa; term 25 years from Mar. 1, 1904; stipulated payment of one-third of 4 per cent on valuation of 0.877 mile of track and one-third of taxes, 2 per cent per annum on valuation of balance of mileage, taxes one-half; maintenance and operation on car mileage basis.	9,454.69
Chicago, Saint Paul, Minneapolis and Omaha Railway Company —
Tracks, 0.03 mile and passenger-station facilities at Ferry, Nebr. (South Sioux City, Nebr.); period of use not determined; stipulated payment of $1,000 per annum.	730.03
Terminal tracks at Omaha, Nebr., term indefinite from Dec. 11, 1903, stipulated payment of 2.5 per cent per annum on valuation; maintenance and operation on basis of cars handled.	707.32
Chicago, Peoria and St. Louis Railroad Company; tracks, 0.55 mile, at Jacksonville, Ill., term 50 years from Sept. 1, 1904; stipulated payment of 5 per cent per annum on valuation; taxes and expenses on basis of cars handled.	4,067.90
Chicago and Eastern Illinois Railroad Company —
Tracks, 15.80 miles, from Neilson to West Vienna, Ill.; term indefinite from June 1, 1910; stipulated payment of 2.5 per cent per annum on valuation; operation, maintenance, and taxes on wheelage basis.	15,034.13
Tracks, spur track 5.51 miles, at Marion, Ill., known as Reed's spur; term indefinite from Apr. 25, 1912, subject to cancellation on one year's notice; stipulated payment of 2.5 per cent per annum on valuation; maintenance, taxes, and operation on wheelage basis.	1,993.14
The Cleveland, Cincinnati, Chicago and St. Louis Railway Company, tracks, 19.41 miles, from East Alton to East St. Louis, Ill.; term from June 1, 1916, to Sept. 11, 1966; stipulated payment of 13 cents or 20 cents per passenger and 40 cents or 50 cents per freight car handled.	44,210.53
The Colorado and Southern Railway Company —
Tracks, 11.30 miles, Utah Junction to Burns Junction, Colo.; term 999 years from Nov. 29, 1889; stipulated payment of wheelage proportion of 6 per cent on valuation; maintenance and taxes on wheelage basis.	4,774.14
Tracks, 2.80 miles, Cheyenne to Fort Russell, Wyo., and certain terminals in Cheyenne, Wyo.; term indefinite from Oct. 1, 1910, subject to cancellation on six months' notice; stipulated payment of 2.5 per cent on difference between valuation of properties owned by each company and used jointly; maintenance and operation divided on basis of use. (See items under solely owned but jointly used).	......
Terminal tracks, 0.47 mile at Orin Junction, Wyo.; operated jointly by the Burlington and the Chicago and North Western Railway Company; contract dated Dec. 31, 1903, transferred by the Colorado and Southern to the Burlington, Oct. 18, 1914, date the Burlington leased the line from Wendover to Orin Junction; term not specified; no rental charged; maintenance expenses divided one-half to each.	......
Chicago Union Station Company, passenger-terminal facilities, Chicago, Ill.; term indefinite from Aug. 1, 1915; stipulated payment of one-fourth of taxes and interest on indebtedness; maintenance and operation on basis of cars handled.	32,335.62
Davenport, Rock Island and North Western Railway Company; used with Chicago, Milwaukee and St. Paul Railway Company; tracks, 43.352 miles, from East Moline to Rock Island, Ill., and Rock Island, Ill., to Clinton, Iowa, via Davenport, Iowa, including bridge over the Mississippi River; term 999 years from Feb. 27, 1901; stipulated payment of one-half of taxes; cost of operation, maintenance, and insurance divided between the Burlington and the Chicago, Milwaukee and St. Paul Railway Company pro rata on a wheelage basis, first applying and deducting from the cost of operation the earnings of the lessor. Earnings of the lessor are derived from switching service performed in a limited area adjacent to the Mississippi River; the lessor operates no trains; the contribution of the Burlington charged as rental.	15,712.60
Dunleith and Dubuque Bridge Company, used with Illinois Central Railroad Company and Chicago Great Western Railroad Company; track, 0.65 mile, from East Dubuque, Ill., to Dubuque, Iowa, including bridge over the Mississippi River; term indefinite from Mar. 1, 1889, until terminated on three years' notice, stipulated payment of $18,000 per annum; maintenance and taxes on wheelage basis.	19,181.19
The Denver Union Terminal Railway Company, passenger facilities at Denver, Colo.; term 99 years from Apr. 1, 1914; property maintained for joint use of controlling companies. One-sixth of its taxes and interest on debt is charged to each using company; it receives a stipulated rate for use of terminal tracks for switching service and its net expenses are charged on basis of use to the using companies.	34,056.23
Des Moines Union Railway Company, passenger terminals at Des Moines, Iowa; term Sept. 3, 1901, to May 1, 1918; stipulated payment of $6,000 per annum covers all expenses; proportion charged as rental.	5,659.00
Great Northern Railway Company —
Tracks, 13.86 miles, from St. Paul to Minneapolis, Minn., including passenger station and terminal facilities at Minneapolis, Minn.; terms joint track 99 years from May 11, 1889; passenger station 99 years from May 11, 1886; terminal facilities Minneapolis, Minn., term indefinite from Jan. 1, 1911; terminal facilities St. Paul, Minn., indefinite, from Jan. 1, 1911; stipulated payments; for trackage 2.5 per cent per annum on valuation; expenses and taxes on wheelage basis; for passenger station at Minneapolis, Minn., 1.5 per cent per annum on valuation; expenses and taxes on basis of cars in and out; terminal facilities various unit prices for engines and cars handled.	230,217.83
Tracks, 3.14 miles in Sioux City, Iowa, including freight and passenger terminals; term 10 years from July 1, 1910, subject to cancellation on 90 days' notice; stipulated payment of 3 per cent per annum on valuation; one-half of taxes; expenses on car and tonnage basis.	72,786.17
Hannibal Union Depot Company; passenger-station facilities at Hannibal, Mo.; term 50 years from June 1, 1882, stipulated payment of three-fifths of total bond interest, taxes, sinking-fund contributions, maintenance, insurance, and expenses of operation.	658.71
Illinois Terminal Railroad Company; tracks, 5.01 miles, from Alton to North Wood River, Ill., including yards and freight station at Alton, Ill., term from May 12, 1916, to June 1, 1931, subject to cancellation on one year's notice; stipulated payment of 2 per cent per annum on valuation; line expenses on car basis; yard and station expenses on car and tonnage basis; estimated rental $5,600 per annum; no rental set up in Burlington accounts during year ending June 30, 1917.	......
Illinois Central Railroad Company —
Tracks, 13.05 miles, from Portage Curve to East Dubuque, Ill., including tunnel and terminal tracks leading to east end of Mississippi River bridge, including terminals, stations, and roundhouse at East Dubuque, Ill.; term indefinite from Mar. 1, 1889, unless terminated on three years' notice; stipulated payment of $21,000 per annum, plus 3 per cent per annum on additions and betterments; operation and maintenance on car mileage basis.	25,261.31
Track, 0.35 mile, at Forreston, Ill., including terminal facilities at that point; term indefinite from June 1, 1889, subject to cancellation on 60 days' notice; stipulated payment of $2,820 per annum covers all expenses; proportion charged as rental.	513.00
Keokuk Union Depot Company, passenger-station facilities at Keokuk, Iowa, term 50 years from July 1, 1890; stipulated payment of two-fifths of total bond interest and sinking-fund contributions; taxes, expenses, maintenance, and insurance divided on cars handled basis.	1,069.62
Kansas City Terminal Railway Company, tracks, 2.50 miles, at Kansas City, including passenger-terminal facilities; term 200 years from Nov. 1, 1914; stipulated payment of one-twelfth of interest on outstanding bonds and other indebtedness of the lessor and one-twelfth of the taxes, less one-twelfth of the revenue; maintenance and operation on basis of use.	158,223.06
The Leavenworth Terminal Railway and Bridge Company, tracks, 1.73 miles, from Stillings, Mo., to Leavenworth, Kans., including bridge over the Missouri River and freight terminals and tracks in Leavenworth, Kans.; term 30 years from Mar. 14, 1892; stipulated payment of $16,000 per annum; bridge expenses; taxes and maintenance borne by lessor; terminal facilities Leavenworth, Kans., one-third of taxes and insurance; freight station divided on basis of tonnage; yard expenses on basis of cars handled.	16,000.00
Missouri and Illinois Bridge and Belt Railroad Company, tracks, 2.69 miles, from West Alton, Mo., to Alton, Ill., including bridge over Mississippi River; term indefinite from Aug. 1, 1906, subject to cancellation on one year's notice; stipulated payment of $100,000 per annum for through business; local business as per bridge tariff; proportion charged as rental.	65,060.77
Missouri, Kansas & Texas Railway Company, track, 0.33 mile, at Hannibal, Mo.; terms indefinite from July 1, 1897, subject to cancellation on three years' notice.	437.49
Missouri Pacific Railroad Company, spur tracks, 5.39 miles, Royalton Junction and Zeigler, Ill.; term indefinite from Sept. 3, 1913, subject to cancellation on 60 days' notice; stipulated payment of $3,021 per annum, plus 3 per cent on additions and betterments; one-half of taxes; expenses on basis of cars handled.	3,021.00
The Minnesota Transfer Railway Company, freight yards located between Minneapolis and St. Paul, Minn., used jointly with nine tenant companies in making interchange of cars between the tenants; no contract, Burlington owns one-ninth of capital stock; stipulated payment of one-ninth of bond interest; expenses and taxes divided on basis of tonnage and cars handled.	11,710.75
Northern Pacific Railway Company —
Tracks, 21.69 miles, from Fromberg to Laurel, Mont.; term from Apr. 13, 1911, to Jan. 1, 1920, subject to cancellation on one year's notice; stipulated payment of car mileage proportion of $36,000 per annum, plus same proportion of 6 per cent on additions and betterments; expenses and taxes on basis of tonnage and car mileage.	24,119.13
Tracks, 12.30 miles, from Laurel to Billings, Mont.; term from Apr. 13, 1911, to Jan, 1, 1920, subject to cancellation on one year's notice; stipulated payment of 2.5 per cent on agreed valuation on line Great Northern Junction to Laurel, and 2 per cent per annum on valuation on line Great Northern Junction to Billings; plus 2 per cent on additions and betterments; expenses and taxes on basis of tonnage and car mileage.	11,574.47
Tracks, 15.58 miles from Billings to Huntley, Mont.; term 10 years from Aug. 1, 1909; stipulated payment on line Huntley to Billings $18,373.70 per annum; passenger facilities $4,800 per annum; freight terminal $39,039.27 per annum, and 3 per cent per annum on additions and betterments on line and freight-terminal facilities and 2 per cent on passenger facilities, expenses, and taxes on basis of tonnage and car mileage.	153,112.88
Pennsylvania Company, tracks, 0.38 mile, from Twelfth Street to Meagher Street, Chicago, Ill.; term 999 years from Sept. 7, 1880; stipulated payment of one-tenth of 7 per cent of valuation of $142,623.25 — Twelfth Street to Meagher Street.	2,438.40
The Pittsburgh, Cincinnati, Chicago and St. Louis Railroad Company —
Trackage, Ogden Avenue to Twenty-first Street, Chicago, Ill.; term indefinite from July 14, 1910, subject to cancellation on 30 days' notice; stipulated payments of 2.5 per cent per annum on valuation of $190,552.81; maintenance one-half of $1,766.25 per annum.	4,763.81
Trackage, Madison Street to Western Avenue, Twentieth Street to C, M. & St. P. connection, and Eighteenth Street to Brighton Park, Chicago, Ill.; term indefinite from Dec. 8, 1906, June 24, 1908, and Apr. 21, 1909, subject to cancellation on 30 days' notice; stipulated payment of 25 cents, 50 cents, and $2 per car, covers all expenses.	30,930.30
Peoria and Pekin Union Railway Company, terminal tracks and union depot facilities in Peoria, Ill.; term 25 years from Jan. 1, 1899; stipulated payment of $2,000 per annum and 60 cents per car in and out of depot.	4,719.25
Quincy, Omaha & Kansas City Railroad Company; tracks, 0.52 mile, at Milan, Mo.; term indefinite from Sept. 1, 1910, subject to cancellation on 60 days' notice; no rental; reciprocal arrangement; Burlington tracks at Milan are used by the Quincy, Omaha & Kansas City Railroad Company.	......
The St. Joseph and Grand Island Railway Company; tracks, 14.72 miles, from Fairfield to Alma Junction, Nebr., and from Endicott to Kansas City and Omaha Junction, Nebr.; term indefinite from July 1, 1902; stipulated payment of 2.5 per cent on valuation; taxes one-half; line expenses on car basis, station expenses one-half.	11,282.28
Sioux City Bridge Company; tracks, 3.72 miles, from Sioux City, Iowa, to South Sioux City, Nebr., including bridge over the Missouri River; term 15 years from Oct. 1, 1907; stipulated payment of 3 per cent on valuation; one-half of taxes; expenses on wheelage basis.	38,310.60
Saint Joseph Union Depot Company; passenger-terminal facilities at St. Joseph, Mo.; term 50 years from Sept. 2, 1880; stipulated payment of two-fifths of bond interest, taxes, and expenses.	2,456.70
The Saint Paul Union Depot Company; passenger terminal facilities at St. Paul, Minn.; term indefinite from Jan. 15, 1894, to Feb. 6, 1979; rental, on user basis, of the cost of operation, taxes, interest on bonds, and a 4 per cent annual dividend on the stock.	7,042.08
Terminal Railroad Association of St. Louis; owned and leased lines of this company used jointly with other lines entering St. Louis, Mo.; Union Passenger Station St. Louis, Mo., bridge and tracks, 3.21 miles, connecting East St. Louis, Ill., and St. Louis, Mo., tracks to stock yards at East St. Louis and various track connections in St. Louis, Mo., term perpetual from Dec. 16, 1902; for use of tracks Union Station indefinite from Feb. 16, 1894, subject to cancellation on two years' notice, stipulated payment of $16,666.67 for Union Station, user basis on other portions and car and tonnage basis on other portions.	42,738.99
Union Pacific Railroad Company —
Tracks, 2.79 miles, from Council Bluffs, Iowa, and Omaha, Nebr., including bridge over the Missouri River; term indefinite from Nov. 4, 1900, subject to cancellation on one year's notice; stipulated payment of $28,437.36 per annum for 13 daily trains; additional service $182.29 per train per month.	24,530.85
Passenger-depot facilities in Council Bluffs, Iowa; no contract; stipulated payment of $8,800 per annum.	4,176.60
Tracks, 4.54 miles, from South Omaha to Gilmore Junction, Nebr.; term from Sept. 15, 1900, to June 30, 1949; stipulated payment of one-third of 5 per cent on valuation; expenses and taxes on basis of car mileage.	7,705.10
Tracks, 23.70 miles, from Sterling to Union, Colo.; term 50 years from Sept. 15, 1900; stipulated payment of 2 per cent per annum on valuation; maintenance and taxes on wheelage basis; station expenses 50 per cent.	8,521.20
Tracks, 0.23 mile, at Stromsburg, Nebr.; term indefinite from Sept. 1, 1904, subject to cancellation on one year's notice; stipulated payment of $20 per month; no proportion for year ending on date of valuation charged as rental.	......
Wabash Railway Company —
Tracks, 14.15 miles, from Moulton to Bloomfield, Iowa; term indefinite from Jan. 1, 1914; stipulated payment of $15,000 per annum, plus 2.5 per cent on cost of additions and betterments; cost of taxes, maintenance, and operation borne by lessor.	7,500.00
Tracks, 8.22 miles, from Birmingham to Harlem, Mo.; term indefinite from Oct. 8, 1905; each company owns a single-track road between these points which are used as a double track; reciprocal basis; each company maintains its own property.	......
Winona Bridge Railway Company; tracks, 0.99 mile, from East Winona, Minn., to Winona, Minn., together with bridge over the Mississippi River; term from Aug. 8, 1890, to Sept. 1, 1935; toll basis per passenger, per car, and per ton; expenses borne by lessor. Burlington contributes two-thirds of deficit if revenues are not sufficient to meet interest, sinking-fund payments, and taxes.	18,054.53
Solely owned, but jointly used:
Used with —
The Atchison, Topeka and Santa Fe Railway Company; tracks, 0.20 mile, from St. Louis Avenue to the Wabash connection in Kansas City, Mo.; term indefinite from June 1, 1916, subject to cancellation on 30 days' notice; stipulated payment of 15 cents per car, maintenance expense borne by lessor.	1,524.92
Billings and Central Montana Railway Company; terminal tracks in Billings, Mont.; term indefinite from June 13, 1914, subject to cancellation on one year's notice; stipulated payment of $1,500 per annum; lessor bears all expenses.	1,500.00
The Chicago and Alton Railroad Company —
Tracks, 0.40 mile, from connection to St. Louis Avenue tower in Kansas City, Mo.; term perpetual from Dec. 21, 1878, stipulated payment of $9,500 per annum; maintenance expenses borne by lessor; this lease taken over by the Kansas City Terminal Railway Company on May 1, 1916.	5,899.92
Tracks, 0.40 mile, at Francis, Mo., including freight-terminal facilities and round house; term 20 years from Aug. 1, 1906; stipulated payment of 2 per cent per annum on valuation; taxes, maintenance, and operation on basis of cars handled.	4,064.36
Yard track, East St. Louis, Ill.; term indefinite from June 23, 1898; stipulated payment of 25 cents per car; maintenance, taxes, and expenses borne by lessor.	621.49
Chicago, Milwaukee and St. Paul Railway Company —
Tracks, 12 miles, from Davis Junction to Rockford, Ill., term annual renewal since Nov. 5, 1881; stipulated payment of 3 per cent on valuation; maintenance on cars handled basis.	9,712.30
Tracks, 19.95 miles, from Davis Junction to Steward Junction, Ill.; term 99 years from July 1, 1904, stipulated payment of $500 per mile and 2 per cent on additions and betterments; taxes one-half; maintenance on car mileage basis.	10,749.47
Tracks, 19.44 miles, from St. Croix Crossing to St. Paul, Minn.; term from May 28, 1902, subject to cancellation on one year's notice; reciprocal arrangement; main line of both companies used as a double track.	......
The Colorado & Wyoming Railway Company; terminal tracks and facilities at Guernsey, Wyo.; term in definite from Oct. 29, 1900, subject to cancellation on 30 days' notice; stipulated payment of $1,000 per annum covers all expenses.	455.00
The Chicago, Rock Island and Pacific Railway Company —
Tracks, 52.67 miles, from Cameron Junction to Harlem, Mo.; term 25 years from Jan. 1, 1905; stipulated payment of 2.5 per cent on valuation; one-half of taxes; maintenance and operation on car mileage basis.	57,273.64
Tracks, 1.35 miles, Harlem to Kansas City, Mo., including bridge over the Missouri River; term 25 years from Jan. 1, 1905; stipulated payment of $30,000 per annum plus 1⅔ per cent per annum on additions and betterments; maintenance on cars handled basis; taxes one-third.	34,947.79
Tracks, 0.35 mile, at Burlington, Iowa, including passenger-terminal facilities; term indefinite from Jan. 1, 1908, subject to cancellation on 30 days' notice; stipulated payment of 60 cents per car.	1,236.80
Terminal facilities at Ottumwa, Iowa, consisting of 1.08 miles of side tracks; term indefinite from Apr. 13, 1889; stipulated payment of $1,200 per annum.	1,200.00
Tracks, 7.11 miles, Newport to St .Paul, Minn, (being a portion of the double track between St. Croix and St. Paul used jointly by the Burlington and the Chicago, Milwaukee and St. Paul Railway Company); term indefinite from May 29, 1902, subject to cancellation on two years' notice; stipulated payment of $333.33 per mile per annum plus 1⅓ per cent per annum on additions and betterments; maintenance and taxes on basis of car mileage.	2,837.08
Yard track at Ottawa, Ill., from connection with Rock Island's track to connection with jointly owned track leading to the Seiberling glass works; term indefinite from Jan. 12, 1900; stipulated payment of 30 cents per move of engine and cars; maintenance, taxes, and expenses borne by lessor.	2,749.20
Colorado and Southern; 3.25 miles of terminal tracks and facilities at Cheyenne, Wyo.; term indefinite from Oct. 1, 1910, subject to cancellation on six months' notice; stipulated payment of 2.5 per cent on difference between valuation of property owned by each company and used jointly; excess of rental on property owned by the Burlington and used jointly with the Colorado and Southern over rental of property owned by the Colorado and Southern and used jointly with the Burlington; maintenance and operation divided on basis of use.	1,272.27
Terminal tracks, 0.72 mile, at Denver, Colo.; term from Sept. 26, 1910, to Jan. 1, 1920, subject to cancellation on one year's notice; stipulated payment of 3 per cent per annum on valuation, plus portion of taxes and maintenance.	125.30
Chicago and North Western Railway Company; terminal tracks, 0.30 mile, at Hot Springs, S. Dak.; term 25 years from Mar. 1, 1904, subject to cancellation on one year's notice; stipulated payment of 2.5 per cent per annum on valuation; taxes and maintenance divided one-half.	174.71
Chicago Great Western Railroad Company —
Tracks, 0.44 mile, from connection to connection with the Des Moines Union Railway Company's tracks in Des Moines, Iowa, term indefinite from Sept. 1, 1906, subject to cancellation on one year's notice; stipulated payment of $1,833 per annum; taxes and maintenance borne by the lessor.	1,400.75
Tracks, 0.90 mile, from Galena Junction to Portage Curve, Ill.; term from Feb. 1, 1888, to Jan. 11, 1951, stipulated payment of 3 per cent per annum on valuation; expenses on wheelage basis.	4,757.68
Tracks, 0.74 mile, from Union Depot to Francis Street Depot in St. Joseph, Mo.; term 99 years from Jan. 6, 1891; stipulated payment of $10,500 per annum; taxes and expenses borne by lessor.	7,200.00
Terminal tracks in Leavenworth, Kans., term indefinite from Jan. 1, 1911, subject to cancellation on 30 days' notice; stipulated payment of one-half of one-third of 5 per cent per annum on valuation; yard expenses on basis of cars handled; freight house on tonnage-handled basis; taxes and insurance one-third.	378.48
Chicago, Saint Paul, Minneapolis and Omaha Railway Company —
Terminal tracks at Dayton's Bluff, Minn.; term indefinite from Oct. 27, 1909, subject to cancellation on 30 days' notice; stipulated payment of 0.25 cent per car handled.	6,840.83
Yard tracks at Omaha, Nebr.; term indefinite from Dec. 11, 1903; stipulated payment of 2.5 per cent on valuation; expenses on basis of cars handled.	1,891.02
Davenport, Rock Island and North Western Railway Company; tracks, 0.69 mile, from Seventeenth Street to Thirty-eighth Street in Rock Island, Ill.; term 99 years from Apr. 12, 1898; stipulated payment of $4,200 per annum and 3 per cent on additions and betterments; expenses on basis of cars handled.	4,252.08
Great Northern Railway Company —
Terminal facilities at Billings, Mont.; term indefinite from Jan. 1, 1909, subject to cancellation on six months' notice; stipulated payment of 3 per cent per annum on valuation; maintenance and taxes on basis of cars handled.	9,085.87
Tracks, 0.97 mile, at Dayton's Bluff, Minn.; term 50 years from Mar. 25, 1909; stipulated payment of 2.5 per cent per annum on 20 per cent of the valuation; expenses on basis of cars handled.	805.80
Green Bay & Western Railroad Company; tracks, 1.18 miles, at Winona, Minn.; term indefinite from Sept. 1, 1904, subject to cancellation on 60 days' notice; stipulated payment of 2 per cent per annum on valuation; expenses on basis of cars handled.	3,626.52
Illinois Central Railroad Company —
Tracks, 0.86 mile, at West Frankfort, Ill.; term 99 years from Feb. 25, 1916, subject to cancellation on six months' notice; stipulated payment of 2.5 per cent on valuation of joint tracks and 5 per cent on valuation of other tracks; no bills taken to account until 1918.	......
Tracks, 2.42 miles, at Metropolis, Ill., and ferry over the Ohio River; terms indefinite from Aug. 1, 1915; no rental charge; used on basis of cars transferred on proportion of transfer switching time; use discontinued in 1918.	......
Kansas City Terminal Railway Company; track, 0.12 mile, on Tenth Street between Hickory Street and Mulberry Street, Kansas City, Mo.; term indefinite from Nov. 23, 1910, subject to cancellation on 90 days' notice; stipulated payment of $1,200 per annum; lessee to maintain track at their own expense.	1,200.00
La Crosse and Southeastern Railway Company; tracks, 1.80 miles, from Twelfth Street connection to passenger station at La Crosse, Wis.; term indefinite after July 1, 1905; terminable on 60 days' notice; expenses borne by lessor.	1,200.00
Louisville and Nashville Railroad Company; yard track at East St. Louis, Ill.; term indefinite from June 23, 1898; stipulated payment of 25 cents per car; maintenance, taxes, and expenses borne by lessor.	802.95
The Minneapolis & St. Louis Railroad Company; tracks, 60.80 miles, from Oskaloosa to Des Moines, Iowa, for freight trains only; term indefinite from Aug. 31, 1912, until canceled upon 60 days' notice; stipulated payment of 60 cents per train-mile for average of 12 cars per train and 5 cents per mile of each additional car above the average; expenses borne by lessor.	15,983.30
Missouri, Kansas & Texas Railway Company; tracks, 22.96 miles, from St. Louis to Machems, Mo.; term 99 years from Feb. 1, 1894; stipulated payment 3 per cent per annum on valuation and 50 per cent of all revenue from local traffic; maintenance, taxes, and operations on wheelage basis.	100,867.25
The New York Central Railroad Company; tracks, 6.57 miles, from Ladd to Zearing, Ill.; term indefinite from June 1, 1902, subject to cancellation on one year's notice; stipulated payment of $8,300 per annum; expenses, maintenance, and taxes borne by lessor.	3,398.01
Northern Pacific Railway Company —
Yard track, 0.36 mile, at St. Paul, Minn.; term indefinite from May 1, 1909; stipulated payment of $1,050 per annum; lessee maintains tracks at its own expense.	1,050.00
Track, 0.97 mile, at Dayton's Bluff, Minn.; term 50 years from Mar. 25, 1909; stipulated payment of 2.5 per cent per annum on 20 per cent of valuation; expenses on basis of cars handled.	815.03
The Pittsburgh, Cincinnati, Chicago and St. Louis Railroad Company; track connection at Chicago, Ill.; term indefinite from July 14, 1910, subject to cancellation on 30 days' notice; stipulated payment of 2.5 per cent per annum on valuation; expenses $1,004 per annum.	4,382.96
Peoria and Pekin Union Railway Company; track connection, 0.22 mile, at Peoria, Ill.; term 25 years from Jan. 1, 1899; stipulated payment of $1,000 per annum; Peoria and Pekin Union Railway Company maintains track at its own expense.	999.96
Quincy, Omaha & Kansas City Railroad Company —
Tracks, 1.27 miles, from Harlem to Kansas City, Mo., including bridge over the Missouri River and terminal facilities in Kansas City, Mo.; term indefinite from May 1, 1911, subject to cancellation on six months' notice; stipulated payment of $7,200 per annum for six trains daily; proportionate charge for additional trains; terminal charges unit prices, per car, per ton, etc.	18,588.60
Tracks, 4.30 miles, from West Quincy, Mo., to Quincy, Ill., including bridge over Mississippi River; term indefinite from Oct. 1, 1897, subject to cancellation on 60 days' notice; stipulated payment of $28,500 per annum; taxes and expenses borne by lessor.	11,154.00
Rapid City, Black Hills & Western Railroad Company; tracks, 1.18 miles, from connection to depot at Mystic, S. Dak., and including yard tracks and depot facilities at Mystic, S. Dak.; term indefinite from Aug. 18, 1905, subject to cancellation on 90 days' notice; stipulated payment of 1.5 per cent per annum on agreed valuation; maintenance and operation 25 per cent.	648.14
Southern Railway Company; tracks, 1.39 miles, at Centralia, Ill., and terminal facilities at that point; term 99 years from Oct. 1, 1901; stipulated payment of cars handled proportion of 4 per cent per annum on valuation; expenses and taxes on basis of cars handled.	1,944.21
St. Paul Bridge & Terminal Railway Company; yard tracks at Dayton's Bluff, Minn.; term 50 years from Mar. 25, 1909; stipulated payment of 2.5 per cent on 60 per cent of valuation; maintenance and expenses borne by lessor.	2,417.95
Toledo, Peoria & Western Railroad Company —
Tracks, 9.03 miles, from Iowa Junction, Ill., to Burlington, Iowa, including bridge over Mississippi River, together with freight and passenger terminals in Burlington, Iowa; term indefinite from Dec. 1, 1883, subject to cancellation on six months' notice; stipulated payment of $21,714.92 per annum and one-half of 5.3 per cent per annum on additions and betterments; terminals 0.8462 cent per car; taxes, maintenance, and expenses on cars-handled basis.	22,313.41
Freight-terminal facilities at Keokuk, Iowa; term in definite from Dec. 1, 1883, subject to cancellation on six months' notice; stipulated payment of $7,200 per annum; maintenance and expenses borne by lessor.	600.00
Wabash Railway Company —
Tracks, 22.96 miles, from Camp Point to Quincy, Ill.; term indefinite from Nov. 26, 1899, subject to cancellation on 30 days' notice; stipulated payment of 50 cents per train mile, limited to one train each way daily; maintenance, taxes, and expenses borne by lessor.	3,221.20
Tracks, 18.31 miles, from Quincy to East Hannibal, Ill.; term indefinite from Jan. 1, 1914, subject to cancellation on 90 days' notice; stipulated payment of $22,250 per annum, plus 2.5 per cent on additions and betterments; maintenance, taxes, and expenses borne by lessor.	6,613.16
Tracks, 8.24 miles, from Birmingham to Harlem, Mo.; term indefinite from Oct. 8, 1905, subject to cancellation on six months' notice; each company owns a single-track road between these points which are used by both companies, under a reciprocal arrangement, as a double-track line; no rentals charged and each company maintains its own line.	......
Tracks, 1.35 miles, from Harlem to Kansas City, Mo., including bridge over Missouri River; term indefinite from Dec. 1, 1879, subject to cancellation on 18 months' notice; stipulated payment of $30,000 per annum; taxes and expenses on basis of car mileage.	31,787.28
Terminal facilities at Kansas City, Mo.; term indefinite from Jan. 1, 1907, subject to cancellation on 60 days' notice; stipulated payment of $3,000 per annum; roundhouse expenses on basis of engines handled.	3,000.00
Track in Kansas City, Mo., from connection to Alton connection; term verbal agreement; no contract; stipulated payment of $1,500 per annum; maintenance and expenses borne by lessor.	1,500.00
Wyoming Railway Company; terminal tracks in Clearmont, Wyo.; term indefinite from May 28, 1914, subject to cancellation on six months' notice; stipulated payment of $1,500 per annum; maintenance, taxes, and expenses borne by lessor.	321.48
The Wiggins Ferry Company; wharf property in St. Louis, Mo.; term indefinite from Jan. 2, 1903, subject to cancellation on six months' notice; stipulated payment of $842.40 per annum; maintenance and operating expenses one-half.	842.40
The Atchison, Topeka and Santa Fe Railway Company; Chicago and Eastern Illinois Railroad Company; Chicago and North Western Railway Company; The Chicago and Alton Railroad Company; Chicago Great Western Railroad Company; Chicago, Indianapolis and Louisville Railway Company; Chicago, Milwaukee and St. Paul Railway Company; The Chicago, Rock Island and Pacific Railway Company; Chicago and Erie Railroad Company; Grand Trunk Western Railway Company; Illinois Central Railroad Company; Indiana Harbor Belt Railroad Company; The Michigan Central Railroad Company; The New York Central Railroad Company; The New York, Chicago and St. Louis Railroad Company; The Pennsylvania Railroad Company; Wabash Railway Company —
Sidetracks Sixteenth and Canal Streets to Eighteenth Street and Western Avenue, Chicago, Ill., including Sixteenth and Canal Street Wye; no contract; operation covered by circular No. 101, dated Jan. 22, 1909, effective Feb. 1, 1909; any carrier connecting may use; stipulated payment of 75 cents per car and $2 per engine for use of side tracks; 50 cents per freight car and $1 per passenger car or engine for use of wye; maintenance, taxes, and expenses borne by lessor.	1,904.78
Great Northern Railway Company; The Saint Paul Union Depot Company; Chicago Great Western Railroad Company; Chicago, Saint Paul, Minneapolis and Omaha Railway Company; The Minneapolis & St. Louis Railroad Company; Minneapolis, St. Paul & Sault Ste. Marie Railway Company; Chicago, Milwaukee and St. Paul Railway Company; The Chicago, Rock Island and Pacific Railway Company; Northern Pacific Railway Company —
Wye track at St. Paul, Minn.; term indefinite from February, 1906; stipulated payment of 25 cents per engine or car; maintenance, taxes, and expenses borne by lessor.	6,201.18

There are other facilities of minor importance, such as interlockers, yard tracks and sidings, stations, etc., in which the Burlington grants or receives joint use, that are not listed in this chapter.

The North American Telegraph Company owns and operates approximately 3,714 miles of wire strung on Burlington poles between Aurora, Ill., and St. Paul, Minn., paying an annual rental of $2 per wire mile for the privilege.

The remainder of the telegraph-pole lines constructed on the right of way of the Burlington and its leased lines are for the most part jointly owned by the Burlington with the Western Union Telegraph Company under arrangements that provide for certain interchanges of service.

Lessor Companies

• Black Hills and Fort Pierre
• Deadwood Central

Predecessor Companies

The Chicago, Burlington and Quincy Railroad; Chicago and Aurora Railroad; Aurora Branch Railroad

Introductory

The Chicago, Burlington and Quincy Railroad Company was incorporated February 12, 1849, under a special act of the Legislature of the State of Illinois. It was incorporated originally as the Aurora Branch Railroad Company. Its name was changed on June 22, 1852, to Chicago and Aurora Railroad Company, and again changed on February 14, 1855, to The Chicago, Burlington and Quincy Railroad Company. These companies will be, for convenience, referred to as the Burlington of 1849. No accounting records of the Burlington of 1849 were obtained for the period from its incorporation to January 1, 1855, except a balance sheet statement dated January 1, 1854. Therefore, the only information given in this report pertaining to this company's financial dealings, corporate operations, and investments for the period prior to January 1, 1855, has been taken from the balance sheet statement referred to and from minute books and other corporate records. The company was controlled on July 14, 1856, the date of consolidation, by John M. Forbes, of Boston, Mass., and his associates, through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company, itself, then controlled any common-carrier corporation.

The property of the Burlington of 1849 was operated by that company's own organization from September 2, 1850, the date its first section of constructed road was completed, until the date of consolidation, but the company's accounts for the results of operations covered only the period to June 30, 1856. It has been ascertained that to form a continuous through line the operations of this company and of the Central Military Tract Railroad Company were conducted under a common operating management from March 17, 1855, to the date of consolidation, but each company recorded in its own accounts the results of operations applicable to its own property. The railroad owned and operated on date of consolidation was a single-track, standard-gauge, steam railroad, aggregating 57.63 miles, and extending from Turner Junction (West Chicago) to Mendota, all in the State of Illinois. This company also owned a one-fourth interest in 0.702 mile of road in Chicago, Ill., known as the St. Charles Air Line, which it jointly owned and used with three other companies. In addition, the Burlington of 1849 and the Central Military Tract Railroad Company jointly operated under lease about 42 miles of single-track, standard-gauge, steam railroad owned by The Logansport, Peoria and Burlington Railroad Company, extending from Galesburg to East Burlington, all in Illinois. Further, the Burlington of 1849 had trackage rights over mileage of another carrier that enabled it to operate from Turner Junction (West Chicago) to Chicago, Ill.

Development of Fixed Physical Property

The 57.63 miles of railroad owned by the Burlington of 1849 on the date of consolidation had been acquired by it through construction. Details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

Central Military Tract Railroad

Introductory

The Central Military Tract Railroad Company was incorporated February 15, 1851, under a special act of the Legislature of the State of Illinois. No accounting records of this company were obtained, except a balance sheet statement dated July 14, 1856, the date of consolidation, which was used by the successor company in opening its books of account. Therefore, the only information given in this report pertaining to this company's financial dealings, corporate operations, and investments has been taken from the balance sheet statement referred to and from the records of the Burlington. The company was controlled on the date of consolidation by John M. Forbes and associates, through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company, itself, then controlled any other common-carrier corporations.

The property was operated by the company's own organization from December 7, 1854, the date construction was completed, until the date of consolidation, but the results of operations after June 30, 1856, were recorded in the accounts of the successor company. It has been ascertained that the operations of this company and of The Chicago, Burlington and Quincy Railroad Company were conducted under a common operating management from March 17, 1855, to the date of consolidation, so as to form a continuous through line, but each company recorded in its own accounts the results of operation applicable to its own property. The railroad owned and operated by the company on the date of consolidation was a single-track, standard-gauge, steam railroad, aggregating 79.45 miles and extending from Mendota to Galesburg, all in the State of Illinois. In addition, the Central Military Tract Railroad Company and the Burlington of 1849 jointly operated under lease about 42 miles of road owned by The Logansport, Peoria and Burlington Railroad Company, extending from Galesburg to East Burlington, all in Illinois.

Development of Fixed Physical Property

The 79.45 miles of railroad owned on the date of consolidation had been acquired through construction during the period from 1852 to 1854, inclusive.

The Jacksonville and Savanna Railroad

Introductory

The Jacksonville and Savanna Railroad Company was incorporated February 14, 1855, under a special act of the Legislature of the State of Illinois. No accounting records of this company have been obtained. Therefore, no information can be given from the accounts regarding its financial dealings or investments. Certain data given below pertaining to the company's financial dealings have been obtained from records of the Burlington. The company was controlled on November 4, 1861, the date of sale, by Fulton County, Ill., and by citizens of that county, through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company, itself, then controlled any other common-carrier corporations. The property owned on date of sale comprised a partly constructed railroad extending from Yates City to a point 4 miles south of Canton (St. David), 20.07 miles, all in Illinois. No part of the property had been placed in operation prior to the date of sale.

Development of Fixed Physical Property

The 20.07 miles of partly constructed railroad owned on the date of sale had been acquired through construction during the year 1861 and the years prior thereto. Details with respect to the completion of the construction of this mileage by the Burlington, after the date of sale, are given in the chapter devoted to investment in road and equipment in the report on the Burlington.

Peoria & Burlington Rail Road

The Peoria & Burlington Rail Road Company was incorporated April 12, 1864, through the filing of articles of organization dated March 8, 1864, in the State of Illinois, as authorized by a special act of the Legislature of that State, approved June 10, 1863. No records of this company were obtained. The only information given in this report pertaining to its finances was taken from the records of the Burlington. The Peoria & Burlington was organized by the Burlington for the purpose of taking title to certain property described below, which had been acquired by trustees acting for the Burlington. The company was also controlled by the Burlington on July 11, 1864, the date of consolidation through ownership of its entire capital stock. On the other hand, the records reviewed do not indicate that the Peoria & Burlington, itself, then controlled any common-carrier corporation.

The property of the company was operated by the Burlington from March 8, 1864, the date of organization, until the date of consolidation. The railroad owned on the date of consolidation was a single-track, standard-gauge, steam railroad, aggregating 93.66 miles, and extending from Peoria, via Galesburg, to East Burlington, all in Illinois. This company had acquired the above property on March 8, 1864, through purchase from trustees representing the Burlington. The trustees had acquired their title through purchase at foreclosure sale of part of the western division of The Logansport, Peoria and Burlington Railroad Company, formerly named Peoria and Oquawka Railroad Company, a predecessor of the Toledo, Peoria & Western Railway Company. Details with respect to the construction of this mileage are given in the chapter on development of fixed physical property in the report on the Burlington.

The Quincy and Chicago Railroad, formerly named Northern Cross Railroad

Introductory

The Quincy and Chicago Railroad Company was incorporated April 13, 1849, under a special act of the Legislature of the State of Illinois, as the Northern Cross Railroad Company. The name was changed on February 10, 1857. No accounting records of the company were obtained. Therefore, no information can be given from the accounts regarding its financial dealings, results of corporate operations, or investments. However, certain data given below pertaining to the company's financial dealings were obtained from minutes of directors' meetings, from other corporate records, and from records of the successor company. The company was controlled on April 28, 1864, the date of foreclosure sale by the trustees of its first mortgage, who held a majority of its capital stock. On the other hand, the records reviewed do not indicate that this company, itself, then controlled any other common-carrier corporation.

The property was operated by the company's own organization from January 31, 1856, the date construction was completed, until May 27, 1857, and by the trustees of its first mortgage from the latter date until the date of sale. It has been ascertained that from May 27, 1857, until the date of sale the properties of this company and of the Burlington were operated under a common management so as to form a continuous through line. The owned and operated railroad of the company on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 99.91 miles and extending from Galesburg to Quincy, all in Illinois.

Development of Fixed Physical Property

The 99.91 miles of railroad owned on date of sale had been acquired through construction. In connection with the construction, the company purchased from the State of Illinois an old graded roadbed extending east from Quincy, Ill., which had been constructed by the State about 1841, but the exact limits of the roadbed acquired and used have not been ascertained. Further details with respect to the construction of the above property are given in the chapter on development of fixed physical property in the report on the Burlington.

Burlington and Missouri River Railroad

Introductory

The Burlington and Missouri River Railroad Company was incorporated January 23, 1852, under the general laws of the State of Iowa. The company discontinued its accounts after December 31, 1872, the date its property was leased to the Burlington, and the balances in its various accounts were transferred to the books of the Burlington as of that date. During the period from December 31, 1872, to July 31, 1875, the date of sale, the Burlington made various adjustments in the accounts taken over, and also recorded in such accounts certain financial transactions pertaining to the Burlington and Missouri. The data given in this report relating to the financial dealings and investments of the Burlington and Missouri include the adjustments and additional information recorded in the Burlington's books. This company was controlled on the date of sale by J. M. Forbes and associates, through ownership of a majority of capital stock. On the other hand, the Burlington and Missouri then controlled the Brownville and Nodaway Valley Railway Company, through ownership of the entire capital stock except directors' qualifying shares.

The property of the Burlington and Missouri was operated by that company's own organization from June 17, 1857, the date that the first construction was completed, until December 31, 1872. From the latter date to the date of sale it was operated by the Burlington under lease. The railroad owned by this company on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 321.34 miles. It consisted of a main line extending from Burlington to East Plattsmoutb, a branch line extending from Red Oak to Hamburg, and tracks in Council Bluffs, all in Iowa. In addition to its owned mileage, the company operated under lease 93.42 miles of branch lines. The companies owning the miles of road leased are shown hereunder:

Entire property:	Mileage
The Creston Branch of the Burlington & Missouri River Railroad.	42.75
Burlington and Missouri Railroad Company.	36.72
Brownville and Nodaway Valley Railway Company.	13.95
Total.	93.42

Development of Fixed Physical Property

The 321.34 miles of road owned on the date of sale was constructed by the company during the period from 1854 to 1870, inclusive. Further details respect ing the construction of this mileage are given in the chapter devoted to develop ment of fixed physical property in the report on the Burlington. In the con struction of the first section of road built for this company, comprising 35.22 miles extending from Burlington to the Skunk River, Clark Hendric & Company were employed as contractors. The remaining mileage was constructed by the railroad's own forces.

In addition to the mileage owned on the date of sale, the company constructed 4.82 miles of road extending north and south of Eastport, Iowa, a town not now in existence, located opposite Nebraska City, Nebr. This mileage was sold in March, 1871, to the Kansas City, St. Joseph and Council Bluffs Railroad Company.

Burlington and Missouri River Rail Road in Nebraska

Introductory

The Burlington and Missouri River Rail Road Company in Nebraska was incorporated July 29, 1869, in the State of Nebraska. It was controlled on July 26, 1880, the date of sale, by the same interests that then controlled the Burlington, through ownership of capital stock. On the other hand, this company, itself, controlled on the date of sale, through ownership of all or a majority of the capital stock of each, the Omaha and South Western Railroad Company, the Nebraska Railway Company and the Atchison and Nebraska Railroad Company. The property of the company in Nebraska was operated by its own organization from the date it was placed in operation to January 1, 1880. From that date to date of sale it was operated by the Burlington, under an agreement.

The railroad operated by the Nebraska company was a single-track, standard-gauge, steam railroad, located in Nebraska, Kansas, and Iowa, and aggregating 813.84 miles. The owned mileage, 191.79 miles, extended from Plattsmouth to Kearney, Nebr., and a partially constructed bridge extended across the Missouri River at Plattsmouth, Nebr. The mileage operated under lease amounted to 622.05 miles and consisted of numerous lines in the above-mentioned States owned by the companies named below.

[Company]	Mileage
Omaha and South Western Railroad Company.	49.42
Nebraska Railway Company.	136.53
Republican Valley Railroad Company.	217.75
Atchison and Nebraska Railroad Company	144.95
The Lincoln and North Western Railroad Company.	73.40
Total.	622.05

Development of Fixed Physical Property

The 191.79 miles of road owned by the Nebraska company on date of sale had been acquired by construction. The construction work was performed by the company's forces. In addition to the 191.79 miles of road owned, the company owned 2.22 miles of partially constructed road and bridge across the Missouri River at Plattsmouth, Nebr., which was completed by its successor. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

Republican Valley Railroad

Introductory

The Republican Valley Railroad Company was incorporated March 30, 1878, in the State of Nebraska. The company did not maintain any books of account. The accounting data in this report are taken from the records of the Burlington and Missouri River Rail Road Company in Nebraska and the Burlington. The company was controlled on March 1, 1882, the date of sale, by the Burlington through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company, itself, then controlled any common-carrier corporation. The property was operated under a 999-year lease, dated September 5, 1878, effective as of July 1, 1878, by the Nebraska company from the date it was placed in operation to January 1, 1880. From the latter date to the date of sale it was operated by the Burlington. The railroad owned on June 1, 1888, the date sale was confirmed, consisted of 564.89 miles of single-track, standard-gauge, steam railroad, located in Nebraska and Kansas. The main line extended from York, Nebr., via Aurora and Lester, Nebr., to the Nebraska-Colorado State line, west of Haigler, Nebr.; from Lester partly through Kansas, to Table Rock, Nebr.; and from Wymore, via Beatrice and Nemaha, Nebr., to Salem, Nebr. The branch lines extended from Aurora to Grand Island, Nebr., and from Aurora to Central City, Nebr.

Development of Fixed Physical Property

The entire 564.89 miles of road owned on June 1, 1888, had been acquired by construction. The construction work was all performed by forces of the Nebraska company and the Burlington, or by contractors in the interest of those companies. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

The Grand Island and Wyoming Central Railroad

Introductory

The Grand Island and Wyoming Central Railroad Company was incorporated May 25, 1886, under the general laws of the State of Nebraska. The records reviewed do not indicate that this company itself maintained any accounting records. The information given in this report pertaining to its financial dealings has been taken from the records of the Burlington. The company was controlled on February 13 and December 1, 1897, the dates of sale of its property in sections, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporations. The property of this company was operated under lease by the Burlington from June 30, 1886, the date the first construction was completed, to the dates of sale. The railroad owned by the company on the dates of sale was a single-track, standard-gauge, steam railroad aggregating 552.06 miles, all in Nebraska and South Dakota. It consisted of a line extending from Grand Island, Nebr., to the South Dakota-Wyoming State line (connection with The Grand Island and Northern Wyoming Railroad Company's line), with branches to Deadwood, Hot Springs, and Spearfish, S. Dak.

Development of Fixed Physical Property

The 552.06 miles of road owned by the company on the dates of sale had been acquired by it through construction during the years from 1886 to 1893, inclusive, except that about 8 miles of right of way and graded roadbed between Englewood and Deadwood, S. Dak., was purchased from the Deadwood Central, a Burlington lessor. In this purchase, the grantor reserved the right to, and did, lay a third rail on this section of road for the purpose of operating its narrow-gauge equipment thereon. In addition to the 552.06 miles of wholly owned road, the company acquired a half interest in 0.913 mile of main track and 0.246 mile of sidetracks at Hot Springs, S. Dak., from the Chicago and Northwestern Railway Company. Details with respect to the construction of this property are given in the chapter devoted to development of fixed physical property in the report on the Burlington. The construction work was performed by or under the supervision of the Burlington.

The Big Horn Southern Railroad

Introductory

The Big Horn Southern Railroad Company was incorporated December 20, 1888, under the general laws of the State of Montana. The records reviewed do not indicate that this company maintained any accounting records. The information given in this report pertaining to its financial dealings has been taken from the records of the Burlington. The company was controlled on December 1, 1897, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property of this company was operated under lease by the Burlington from August 1, 1894, the date that the first construction was completed, to the date of sale. The railroad owned by the company on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 101.74 miles, consisting of a line extending from a connection with road of The Grand Island Northern Wyoming Railroad Company at the Montana-Wyoming State line to Huntley, all in Montana.

Development of Fixed Physical Property

The 101.74 miles of road owned by the company on the date of sale had been acquired by it through construction during the year 1894. The construction work was performed by or under the supervision of the Burlington.

The Grand Island and Northern Wyoming Railroad

Introductory

The Grand Island and Northern Wyoming Railroad Company was incorporated February 4, 1889, under the general laws of the State of Wyoming. The records reviewed do not indicate that this company maintained any accounting records. The information given in this report pertaining to its financial dealings has been taken from the records of the Burlington. The company was controlled on December 31, 1897, the date of sale, by the Burlington through ownership of its entire capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The property of this company was operated under lease by the Burlington from November 18, 1889, the date that the first construction was completed, to the date of sale. The railroad owned by the company on the date of sale was a single-track, standard-gauge, steam railroad aggregating 236.59 miles, all in the State of Wyoming. It consisted of a line extending from a connection with the road of the company at the Wyoming-South Dakota State line to a connection with the road of The Big Horn Southern Railroad Company at the Wyoming-Montana State line and a branch line from New Castle to Cambria, Wyo.

Development of Fixed Physical Property

The 236.59 miles of road owned by the company on the date of sale had been acquired by it through construction. Details with respect to the construction of this property are given in the chapter devoted to development of fixed physical property in the report on the Burlington. The construction work was per formed by or under the supervision of the Burlington.

The Peoria and Hannibal Railroad, Formerly Named Macomb, Vermont and Bath Railroad

Introductory

The Peoria and Hannibal Railroad Company was incorporated February 11, 1853, under a special act of the Legislature of the State of Illinois, as the Macomb, Vermont and Bath Railroad Company. Its name was changed February 24, 1854. The available accounting records of the company are incomplete, and were not continued after about 1862. Therefore, only partial information can be given regarding its financial dealings, and no information can be given regarding the results of its corporate operations and its investments. The company was controlled on June 1, 1899, the date of sale, by the Burlington, through ownership of practically all of the capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The property owned by the company on the date of sale had been operated by the Burlington from the dates that the sections of road had been completed. The railroad owned by this company on the date of sale was a single-track, standard-gauge, steam railroad aggregating 42.68 miles, and consisting of a line extending from St. David to Rushville, all in Illinois.

Development of Fixed Physical Property

The 42.68 miles of road owned by the company on the date of sale had been acquired through construction which was performed partly by the company's own forces, partly by contractors employed by it, and partly by the Burlington. Further details with respect to the construction of this property are given in the chapter devoted to development of fixed physical property in the report on the Burlington. The company deeded the 42.68 miles of road to the Burlington in two sections on November 4, 1861, and April 25, 1868, respectively, but owing to defects in the deeds, a later deed conveying all of its property, rights, and franchises was executed June 1, 1899. An additional 8 miles of road was constructed from Peoria to Hollis (Pekin), Ill., but was sold May 22, 1868, to the Peoria, Pekin and Jacksonville Railroad Company (a predecessor of the Chicago, Peoria and St. Louis Railroad Company), which later transferred the property to the Peoria and Pekin Union Railway Company.

Ottawa, Oswego and Fox River Valley Railroad

Introductory

The Ottawa, Oswego and Fox River Valley Railroad Company was incorporated August 22, 1852, under a special act of the Legislature of the State of Illinois. No accounting records of this company were obtained. The information given in this report pertaining to the company's financial dealings has been obtained from miscellaneous records and from the Burlington's records. The company was controlled on June 1, 1899, the date of sale, by the Burlington through ownership of the entire capital stock. On the other hand, the records reviewed do not indicate that this company then controlled any common-carrier corporation.

The property of this company was operated under lease by the Burlington from the date that construction was completed in 1871 until the date of sale. The railroad owned by the company on the date of sale was a single-track standard-gauge, steam railroad aggregating 66.99 miles, all located in Illinois,[sic] It consisted of two lines, one extending from Montgomery to Streator, 57.53 miles, and the other from Aurora (Geneva Switch) to Geneva, 9.46 miles.

Development of Fixed Physical Property

The 66.99 miles of road owned by the company on the date of sale was constructed for it during the years from 1869 to 1871, inclusive. The construction work was performed by C. H. Force & Company, nonaffiliated contractors. In addition to the above, this company constructed 12.31 miles of road between Streator and Wenona, Ill., prior to the year 1867, which it sold on October 27, 1869, to an individual who later transferred his title to the St. Louis, Jacksonville and Chicago Railroad Company, a predecessor of The Chicago and Alton Railroad Company.

The Illinois Grand Trunk Railway

Introductory

The Illinois Grand Trunk Railway was incorporated February 28, 1867, under a special act of the Legislature of the State of Illinois. The records reviewed indicate that the company did not maintain any accounting records. The information given in this report pertaining to the company's financial dealings has been taken from the Burlington's records. The company was controlled on June 1, 1899, the date of sale, by the Burlington, through ownership of its entire capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The property was operated under lease by the Burlington from the date that the first section of road was completed in 1871 until the date of sale. The railroad owned on date of sale was a single-track, standard-gauge, steam railroad, aggregating 64.38 miles, extending from near Mendota to Fulton, all in Illinois.

Development of Fixed Physical Property

The 64.38 miles of railroad owned on date of sale had been constructed for it, partly by the Burlington's forces and partly by nonaffiliated contractors employed by the Burlington. In connection with the construction of this property the company purchased an unknown amount of right of way which had been formerly owned by the Illinois Grand Trunk Railway Company, a predecessor company. Further details with respect to the construction of the property are given in the chapter on development of fixed physical property in the report on the Burlington.

Illinois Grand Trunk Railway

This company was incorporated in the State of Illinois through the filing of articles of consolidation June 8, 1859. No accounting records of the company have been obtained. Therefore, no information can be given regarding its financial dealings or investments. The records reviewed do not indicate whether or not this company was controlled by any individual, association, or corporation on February 21, 1865, the date of sale, nor, on the other hand, whether it then controlled any common-carrier corporation. The property owned on the date of sale consisted of an undetermined amount of right of way, together with certain preliminary construction work, located between Mendota and Joliet, Ill., and between Mendota and Albany, Ill. It had acquired part of this property in the consolidation of June 8, 1859, and it later acquired some additional right of way and may have done some grading on the line. The authorized capital stock was $3,000,000 par value, but the amount issued, if any, or the considerations received have not been ascertained.

The Joliet and Terre Haute Railroad

The Joliet and Terre Haute Railroad Company was incorporated June 23, 1852, under a special act of the Legislature of the State of Illinois. No accounting records of the company have been obtained, therefore no information can be given regarding its financial dealings or investments. The records reviewed do not indicate whether or not this company was controlled by any individual, association, or corporation on June 8, 1859, the date of consolidation, nor, on the other hand, whether or not it then controlled any other common-carrier corporation. The property owned by the company, on the date of consolidation, consisted of an undetermined amount of right of way, together with certain preliminary construction work, located along its projected right of way between Mendota and Joliet, Ill., no part of which now forms a part of the Burlington. The authorized capital stock of this company was $3,000,000 par value, but the amount issued, if any, or the considerations received therefor, have not been ascertained.

Comanche, Albany & Mendota Rail Road

The Comanche, Albany & Mendota Rail Road Company was incorporated September 11, 1856, under the general laws of the State of Illinois. No accounting records of the company have been obtained, therefore no information can be given regarding its financial dealings or investments. The records reviewed do not indicate whether or not this company was controlled by any individual, association, or corporation on June 8, 1859, the date of consolidation, nor, on the other hand, whether or not it then controlled any other common-carrier corporation. The property owned on the date of consolidation consisted of an undetermined amount of right of way and certain preliminary construction work, located along its projected right of way between Mendota and Albany, Ill. The authorized capital stock of this company was $1,500,000 par value, but the amount issued, if any, or the considerations received therefor have not been ascertained.

American Central Railway, Formerly Named Western Air Line Railroad

Introductory

The American Central Railway was incorporated February 9, 1853, under a special act of the Legislature of the State of Illinois as the Western Air Line Railroad Company. Its name was changed February 21, 1859. The company was reorganized under the same charter and name on July 1, 1865, following a foreclosure sale of its property on May 10, 1865. No accounting records of the company were obtained for the period from its incorporation to the date of the financial reorganization of 1865. This company did not maintain accounting records after 1865. The information given in this report pertaining to its financial dealings has been taken from minute books, miscellaneous records, and the Burlington's records. The company was controlled on June 1, 1899, the date of sale, by the Burlington, through ownership of practically all of the capital stock. On the other hand, the records reviewed do not indicate that this company itself then controlled any common-carrier corporations. The property was operated under lease by the Burlington from the date construction was completed in 1869 until date of sale. The railroad owned on date of sale was a single-track, standard-gauge, steam railroad, aggregating 50.59 miles, and extending from Galva to New Boston, all in Illinois.

Development of Fixed Physical Property

The 50.59 miles of railroad owned on date of sale had been acquired through construction. Prior to 1865, this company acquired a right of way and performed some grading from New Boston toward Lacon, Ill. During the years 1868 and 1869, the construction between New Boston and Galva, Ill., was resumed and completed, the greater part of the work being performed by the Burlington's forces or by nonaffiliated contractors employed by the Burlington. The owned right of way extending from Galva to Wyoming, Ill., was sold to a predecessor of the Chicago, Rock Island and Pacific Railway Company, and the right of way extending from Wyoming toward Lacon, Ill., was abandoned.

The Dixon and Quincy Railroad

Introductory

The Dixon and Quincy Railroad Company was incorporated March 4, 1869, under a special act of the Legislature of the State of Illinois. The records reviewed indicate that this company, itself, did not maintain accounting records. The information given in this report pertaining to the company's financial dealings has been obtained from the Burlington's records. The company was controlled on June 1, 1899, the date of sale, by the Burlington, through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company, itself, then controlled any common-carrier corporation. The property of the company was operated under lease by the Burlington from the date that construction was completed in 1871 until the date of sale. The railroad owned on date of sale was a single-track, standard-gauge, steam railroad, aggregating 5.6 miles, and extending from Arpee to Keithsburg, all in Illinois.

Development of Fixed Physical Property

The 5.6 miles of road owned on the date of sale was constructed by the Burlington during the period from November, 1870, to January 17, 1871.

Dixon, Peoria and Hannibal Railroad

Introductory

The Dixon, Peoria and Hannibal Railroad Company was incorporated March 5, 1867, under a special act of the Legislature of the State of Illinois. Practically all records of this company were destroyed in the Chicago fire of 1871, and no records were kept by it after that date. The information given in this report pertaining to the company's financial dealings has been taken from the Burlington's records. The company was controlled on June 1, 1899, the date of sale, by the Burlington, through ownership of practically all of the capital stock. On the other hand, the records reviewed do not indicate that this company, itself, then controlled any common-carrier corporation. The property of the company was operated under lease by the Burlington from the date that construction was completed in 1870 until the date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 44.60 miles, and extending from Buda to Elmwood, all in Illinois. This mileage was constructed for the company by the Burlington during the period from August, 1869, to February 1, 1870.

The Carthage and Burlington Railroad

Introductory

The Carthage and Burlington Railroad Company was incorporated March 8, 1867, under a special act of the Legislature of the State of Illinois. The accounting records of this company were not continued after May 1, 1870. However, certain information regarding its financial dealings after that date has been obtained from the Burlington's records. The company was controlled on June 1, 1899, the date of sale, by the Burlington, through ownership of practically all of the outstanding capital stock. On the other hand, the records reviewed do not indicate that this company then controlled any common-carrier corporation. The property was operated under lease by the Burlington from the date that construction was completed in 1870 until the date of sale. The railroad owned by the company on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 30.4 miles, and extending from East Burlington to Carthage, all in the State of Illinois.

Development of Fixed Physical Property

The 30.4 miles of road owned on the date of sale had been constructed by contractors during the period from September, 1867, to January 16, 1870. In connection with the construction of this property, the company purchased and utilized an old grade roadbed formerly owned by the Warsaw and Rockford Railroad Company.

The Quincy and Warsaw Railroad

Introductory

The Quincy and Warsaw Railroad Company was incorporated February 16, 1865, under a special act of the Legislature of the State of Illinois. The accounting records of the company are incomplete. The information given in this report pertaining to its financial dealings has been taken from its incomplete records and from the Burlington's records. The company was controlled on June 1, 1899, the date of sale, by the Burlington, through ownership of practically all of the capital stock. On the other hand, the records reviewed do not indicate that this company then controlled any common-carrier corporation. The property was operated under lease by the Burlington from 1870, the date that construction was completed, to the date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 40.6 miles, and extending from Quincy to Carthage, all in Illinois, which had been constructed by Woods and Wright, nonaffiliated contractors, during the period from August, 1869, to December 25, 1870.

The Quincy, Alton and St. Louis Railway

Introductory

The Quincy, Alton and St. Louis Railway Company was incorporated March 8, 1867, under a special act of the Legislature of the State of Illinois. The accounting records of this company were discontinued after February 1, 1876, the date its property was leased to the Burlington. However, certain information pertaining to its financial dealings after that date has been obtained from the records of the Burlington. The company was controlled on June 1, 1899, the date of sale, by the Burlington, through ownership of practically all of the capital stock. The property of the company was operated by its own organization from 1871, the date that the first section of road was placed in operation, to January 31, 1876. From February 1, 1876, to date of sale it was operated under lease by the Burlington. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad aggregating 47.71 miles, and consisted of a main line extending from Quincy to Pike, 43.01 miles, and a branch from Fall Creek to East Hannibal, 4.70 miles, all in the State of Illinois. In addition, the company owned some terminal property in Louisiana, Mo. The road was constructed for the company by William S. Woods, contractor, during the years 1871 and 1873.

The Chicago and Iowa Railroad

Introductory

The Chicago and Iowa Railroad Company was incorporated March 30, 1869, under a special act of the Legislature of the State of Illinois. The accounting records of this company for the period from its incorporation to October 10, 1871, were destroyed in the Chicago fire. The only information that can be given regarding its financial dealings during this period has been obtained from miscellaneous records. Also, the company discontinued its accounts as of December 31, 1891, after which date its property was operated under lease by the Burlington. The company was controlled on June 1, 1899, the date of sale, by the Burlington, through ownership of all or practically all of the capital stock. On the other hand, the records reviewed indicate that this company, itself, did not then control any other common-carrier corporation. The property of this company was operated as follows: By its own organization from January, 1871, the date that the first section of road was completed, to July 31, 1877; by W. H. Holcomb, receiver, from August 1, 1877, to June 30, 1882; by the company's own organization from July 1, 1882, to December 31, 1891; and by the Burlington under lease from January 1, 1892, until the date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 101.94 miles. It consisted of two lines, one extending from South Aurora to Forreston, and the other from Flag Center to Rockford, all in Illinois.

Development of Fixed Physical Property

Of the 101.94 miles of railroad owned by the company on the date of sale, it had acquired 62.20 miles by construction during the period from 1869 to January, 1872; 16.24 miles by merger from The Ogle and Carroll County Railroad Company on April 3, 1871; and 23.50 miles by purchase from The Chicago, Rockford and Northern Railroad Company on January 1, 1892. Further details with respect to the construction of this mileage are given in the chapter on development of fixed physical property in the report on the Burlington.

The Ogle and Carroll County Railroad

The Ogle and Carroll County Railroad Company was incorporated February 18, 1857, under a special act of the Legislature of the State of Illinois. No accounting records of this company were obtained. The only information that can be given pertaining to its financial dealings has been taken from minute books. The company was controlled on April 3, 1871, the effective date of merger, by F. E. Hinckley, contractor, through ownership of stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The railroad owned by the company on date of merger was a single-track standard-gauge steam railroad aggregating 16.24 miles, and extending from Rochelle to Oregon, all in Illinois. This property had been acquired by construction during the period from January, 1868, to April 3, 1871, but had not been operated prior to the latter date. The construction work was performed principally by F. E. Hinckley, contractor.

The Chicago, Rockford and Northern Railroad

The Chicago, Rockford and Northern Railroad Company was incorporated November 23, 1874, under the general laws of the State of Illinois. No accounting records of this company were obtained. The only information that can be given pertaining to its financial dealings has been taken from minute books and from records of the successor company. The company was controlled by the Burlington on January 1, 1892, the date of sale, through ownership of its entire capital stock. On the other hand, the records reviewed indicate that the company did not control any other common-carrier corporation. The property of this company was operated under lease by The Chicago and Iowa Railroad Company or that company's receiver from July 1, 1875, the date that construction was completed, to the date of sale.

The property owned on date of sale was a single-track, standard-gauge, steam railroad aggregating 23.50 miles, and extending from Flag Center to Rockford, all in Illinois. The company had acquired this property through construction during the period from 1874 to July 1, 1875. The construction work was performed by F. E. Hinckley, contractor, who controlled the company during the construction period.

The Chicago and Rock River Railroad

Introductory

The Chicago and Rock River Railroad Company was incorporated March 24, 1869, under a special act of the Legislature of the State of Illinois. The accounting records of this company were not continued after the year 1872, during which period its property was operated under lease by the Burlington. The company was controlled on June 1, 1899, the date of sale, by the Burlington, through ownership of practically all of the capital stock. On the other hand, the records reviewed do not indicate that this company then controlled any other common-carrier corporation. The property was operated under lease by the Burlington from October 16, 1872, the date that the construction was completed, to the date of sale. The railroad owned by the company on date of sale was a single-track, standard-gauge, steam railroad aggregating 46.95 miles, and extending from Shabbona to Rock Falls, all in Illinois.

Development of Fixed Physical Property

The 46.95 miles of road owned on date of sale had been constructed for the company during the period from July, 1870, to October 16, 1872. Part of the grading was performed under contract by E. A. Hopkins, and the rest of the construction work was performed under contract by Wicker Meckling and Company.

St. Louis, Rock Island and Chicago Railroad

The St. Louis, Rock Island and Chicago Railroad Company was incorporated May 10, 1876, under the general laws of the State of Illinois. No records of this company have been obtained. The only information that can be given regarding its financial dealings has been taken from the records of the Burlington. The company was controlled on June 1, 1899, the date of sale, by the Burlington through ownership of the entire capital stock. On the other hand, the records reviewed indicate that this company did not then control any other common-carrier corporation. The property of the company was operated by its own organization from the date of purchase, May 18, 1876, to September 30, 1876, and was operated under lease by the Burlington from October 1, 1876, until the date of sale.

The railroad owned on date of sale was a single-track, standard-gauge, steam railroad aggregating 283.1 miles. It consisted of lines from East Alton to Barstow, Rock Island to Agnew, Colona, via Cleveland, to Rock River Junction (Osborn), and Gladstone to Keithsburg, all in Illinois. In addition, this company and the Chicago and North Western Railway Company jointly owned and used 4.62 miles of road extending from Agnew to Sterling, all in Illinois. This company also owned certain coal lands and leases of coal lands. Of the 283.1 miles of road wholly owned by the company on date of sale, it had acquired 7.6 miles by purchase from The Orion and Minersville Railroad Company on May 18, 1876, 262.5 miles by purchase from The Rockford, Rock Island and St. Louis Railroad Company on May 18, 1876, and 13 miles by construction. It also acquired the 4.62 miles of jointly owned road by purchase from the Rockford, Rock Island and St. Louis on May 18, 1876. Further details with respect to the construction of the above property are given in the chapter devoted to development of fixed physical property in the report on the Burlington.

The Orion and Minersville Railroad

The Orion and Minersville Railroad Company was incorporated December 21, 1872, under the general laws of the State of Illinois. No records of this company were obtained, therefore no information can be given regarding its financial dealings or investments. The records reviewed do not indicate whether or not this company was controlled by any individual, association, or corporation, on December 9, 1875, the date of sale after foreclosure; or, on the other hand, whether or not this company then controlled any other common-carrier corporation. The property was operated from the date construction was completed, July 1, 1873, until date of sale by The Rockford, Rock Island and St. Louis Railroad Company, or by that company's receiver. The railroad owned by the company on date of sale was a single-track, standard-gauge, steam railroad, aggregating 7.6 miles, and extending from Minersville to Orion, all in Illinois. It had acquired this property through construction during the year 1873.

The Rockford, Rock Island and St. Louis Railroad

Introductory

The Rockford, Rock Island and St. Louis Railroad Company was incorporated February 16, 1865, under a special act of the Legislature of the State of Illinois. No accounting records of this company were obtained. The only information given in this report pertaining to its financial dealings and investments has been taken from miscellaneous records and from the company's reports to the Illinois Railroad and Warehouse Commission. The records reviewed do not indicate whether or not the company was controlled by any individual, association, or corporation on November 1, 1875, the date of sale after foreclosure; or, on the other hand, whether the company then controlled any other common-carrier corporations. The property was operated by the company's own organization from December, 1869, the date the first section of the road was placed in operation until November 5, 1874, and by a receiver from the latter date to the date of sale. The railroad operated for this company on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 270.1 miles. The owned mileage amounted to 262.5 miles, and consisted of a line from East Alton to Orion and from near Minersville to Colona, a line from Port Byron Junction (East Moline) to Agnew, a line from Rock River Junction (Osborn) to mines at Cleveland, a disconnected line from Gladstone to Keithsburg, and mileage at Rock Island, all in Illinois. The mileage operated under lease amounted to 7.6 miles, and consisted of a line from Orion to Minersville, in Illinois, and owned by The Orion and Minersville Railroad Company. In addition, the Rockford, Rock Island and St. Louis Railroad Company and the Chicago and North Western Railway Company jointly owned and used 4.62 miles of road extending from Agnew to Sterling, all in Illinois. Also, the company had trackage rights over 33 miles of road of others extending from East Alton to East St. Louis, Ill., and from Colona to Rock Island, Ill. The company also owned certain coal lands and leases of coal lands.

Development of Fixed Physical Property

The 262.5 miles of road wholly owned by the company on the date of sale had been acquired by it partly through purchase and partly through construction. The company purchased some right of way and a partially constructed line from Beardstown to Whitehall, Ill., from The St. Louis, Alton and Rock Island Railroad Company on October 8, 1868, and also purchased a grade between Oquawka and Gladstone, Ill., about 5 miles, formerly owned by The Logansport, Peoria and Burlington Railroad Company, from the town of Oquawka, Ill., in 1869. The company completed the construction of the above purchased property, and entirely constructed its remaining mileage. The 4.62 miles of road jointly owned with the Chicago and North Western Railroad Company was constructed on right of way owned by that company. Further details with respect to the construction of the above mileage are given in the chapter on development of fixed physical property in the report on the Burlington. The company employed William Irvin and Company, contractors, to build its road, but the records reviewed do not indicate to what extent the contract was carried out.

The St. Louis, Alton and Rock Island Railroad, Formerly Named the Rock Island and Alton Railroad

The St. Louis, Alton and Rock Island Railroad Company was incorporated February 14, 1855, under a special act of the Legislature of the State of Illinois, as The Rock Island and Alton Railroad Company. Its name was changed on February 24, 1859. No accounting records of this company were obtained. The information given below pertaining to its financial dealings has been obtained from miscellaneous records. The records reviewed do not indicate whether or not this company was controlled by any individual, association, or corporation on October 8, 1868, the date of sale; nor, on the other hand, whether or not it then controlled any other common-carrier corporation. The property owned on date of sale consisted of some right of way and a partially constructed road extending from Beardstown to Whitehall, all in Illinois. The construction work had been performed by or for the company during the period from 1857 to 1860, inclusive. According to the deed transferring this company's property to the successor company, the outstanding capital stock was approximately $800,000 par value. The exact amount issued or the considerations received in exchange therefor can not be stated from the available records. The successor company agreed to retire the outstanding stock by issuing its own stock in exchange therefor on the basis of one share of new stock for two shares of old.

Illinois Valley and Northern Railroad

Introductory

The Illinois Valley and Northern Railroad Company was incorporated May 25, 1887, under the general laws of the State of Illinois. The accounting records of this company are incomplete, and were not continued after October 1, 1888, shortly after the property was leased for operation to the Burlington. The information given in this report pertaining to the company's financial dealings and investments has been taken from these incomplete accounting records, from the minute books, and from the Burlington's records. The company was controlled on June 1, 1899, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not then control any other common-carrier corporation. The property was operated under lease by the Burlington from the date construction was completed, June 1, 1888, until the date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 59.9 miles, and extending from Streator to Walnut, all in Illinois.

Development of Fixed Physical Property

Of the 59.9 miles of road owned on the date of sale, 3 miles was acquired by purchase from the Star Coal Company about October, 1887, and 56.9 miles by construction between August, 1887, and June 1, 1888. The construction work was performed under contract by Franklin H. Head, acting for the Burlington.

Joliet, Rockford & Northern Railroad

Introductory

The Joliet, Rockford & Northern Railroad Company was incorporated August 4, 1881, under the general laws of the State of Illinois. This company did not maintain accounting records. The information given in this report pertaining to its financial dealings has been taken from records of the Burlington. This company was always controlled by the Burlington, which owned the entire capital stock. On the other hand, the records reviewed indicate that the company, itself, did not control any common-carrier corporation. The property was operated under lease by the Burlington from November 27, 1882, the date construction was completed, until June 1, 1899, the date of sale. The railroad owned on date of sale was a single-track, standard-gauge, steam railroad, aggregating 19.54 miles, and extending from Sheridan Junction to Paw Paw, all in Illinois. This had been constructed for the company between August, 1881, and November 27, 1882. The construction work was performed under contract by the Burlington.

Galesburg & Rio Railroad

Introductory

The Galesburg & Rio Railroad Company was incorporated April 12, 1886, under the general laws of the State of Illinois. This company did not maintain accounting records. The information given in this report pertaining to its financial dealings has been taken from records of the Burlington.

This company was always controlled by the Burlington, which owned the entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property was operated under lease by the Burlington from October 31, 1886, the date that construction was completed, until June 1, 1899, the date of sale. The railroad owned on date of sale was a single-track, standard-gauge, steam railroad, aggregating 12.45 miles, extending from Galesburg to Rio Station, all in Illinois. The road had been constructed between April, 1886, and October 31, 1886. The construction work was performed under contract by the Burlington.

Chicago, Burlington and Northern Railroad Company (of Illinois)

Introductory

The Chicago, Burlington and Northern Railroad Company (of Illinois) was incorporated August 25, 1885, under the general laws of the State of Illinois. The records reviewed do not indicate that this company, itself, maintained any accounting records. The information given in this report pertaining to its financial dealings has been taken from the records of the Chicago, Burlington & Northern Railroad Company. The cost of constructing the property was inseparably recorded in the accounts of the Chicago, Burlington & Northern. The company was controlled on June 1, 1899, the date of sale, by the Chicago, Burlington & Northern, through ownership of the entire capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property of the company was operated under lease by the Chicago, Burlington & Northern from May 8, 1886, the date first construction was completed, to April 30, 1899; and was operated under lease by the Burlington from May 1, 1899, to date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 94.45 miles, all in Illinois and Iowa. It consisted of the following sections of road: Oregon to Portage Curve, Ill.; East Dubuque, Ill., to the Illinois-Wisconsin State line; Savanna to Fulton, Ill.; Galena Junction to Galena; and mileage in Dubuque, Iowa.

Development of Fixed Physical Property

The 94.45 miles of railroad owned by this company on date of sale had been constructed for it by the Chicago, Burlington & Northern during the years 1885, 1886, and 1887. The mileage originally constructed amounted to 107.23 miles, of which 12.78 miles was constructed on right of way owned by the Illinois Central Railroad Company and was sold to that company on February 25, 1889. Certain surveys and disconnected sections of right of way between Oregon, Ill., and the Illinois-Wisconsin State line that were owned by the Chicago & North Wisconsin Railway Company were used in the construction of the above mileage, but were not purchased from the owning company until July 1, 1887.

Chicago & North Wisconsin Railway

Introductory

The Chicago & North Wisconsin Railway Company was incorporated November 15, 1883, under the general laws of the State of Illinois. This company was controlled on July 1, 1887, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property owned by the company on the date of sale consisted of surveys, together with disconnected tracts of right of way, located between Oregon, Ill., and the Illinois-Wisconsin State line near East Dubuque, Ill. This property had been used by the successor company in constructing its railroad prior to the date of sale.

Development of Fixed Physical Property

The company performed the survey work and acquired the right of way owned by it during the years 1883, 1884, and 1885.

Chicago, Burlington & Northern Railroad

Introductory

The Chicago, Burlington & Northern Railroad Company was incorporated October 21, 1885, under the general laws of the States of Wisconsin and Minnesota, through the filing of articles of consolidation by the Chicago, Burlington and Northern Railroad Company (of Wisconsin) and the Chicago, Burlington and Northern Railroad Company (of Minnesota). The company was controlled on June 1, 1899, the date of sale, by the Burlington, through ownership of its entire capital stock. On the other hand, this company then controlled the Chicago, Burlington and Northern Railroad Company (of Illinois), through ownership of the entire capital stock. The cost of constructing the property of the latter company was inseparably recorded in the accounts of the Chicago, Burlington & Northern Railroad Company, as hereinafter pointed out. Also, this company jointly controlled with other railroad corporations The Minnesota Transfer Railway Company, The Saint Paul Union Depot Company, and the Winona Bridge Railway Company. The property was operated by the company's own organization from 1886, the date first construction was completed, to April 30, 1899. From May 1, 1899, to date of sale, it was operated under lease by the Burlington. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 246.52 miles, and located in Wisconsin and Minnesota. It consisted of a line extending from the Wisconsin-Illinois State line, near East Dubuque, Ill., to St Paul, Minn., and also of mileage at Winona, Minn.

Development of Fixed Physical Property

The 246.52 miles of road owned on the date of sale had been acquired through consolidation and through construction. The property acquired through consolidation consisted of a partly constructed railroad located along the western boundary line of the State of Wisconsin, principally between Alma, Wis., and a point on the east bank of the Mississippi River opposite Winona, Minn. The construction of the 246.52 miles of road was completed by the company during the years 1885, 1886, and 1887.

Chicago, Burlington and Northern Railroad Company (of Wisconsin)

The Chicago, Burlington and Northern Railroad Company (of Wisconsin) was incorporated August 28, 1885, under the general laws of the State of Wisconsin. This company was both organized and controlled by the Burlington. The records reviewed do not indicate that this company had issued any securities or opened any books of account to October 21, 1885, the date of consolidation. Payment for the property acquired by this company was made by and recorded in the accounts of the successor company. The property owned by this company on the date of consolidation consisted of a partly constructed railroad located along the western boundary line of Wisconsin, principally between Alma, Wis., and a point on the east bank of the Mississippi River opposite Winona, Minn. It had acquired this property through purchase from the Winona, Alma and Northern Railway Company on October 12, 1885.

Winona, Alma and Northern Railway

Introductory

The Winona, Alma and Northern Railway Company was incorporated August 20, 1883, under the general laws of the State of Wisconsin. This company was controlled on October 12, 1885, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property owned on the date of sale consisted of a partly constructed railroad located along the western boundary line of Wisconsin. The principal construction work had been performed between Alma, Wis., and a point on the east bank of the Mississippi River opposite Winona, Minn. This property had been constructed by various contractors who were acting for or were financed by the Burlington. In connection with this construction, certain right of way and surveys were purchased from the St. Paul and Chicago Short Line Railway Company.

Chicago, Burlington and Northern Railroad Company (of Minnesota)

The Chicago, Burlington and Northern Railroad Company (of Minnesota) was incorporated August 28, 1885, under the general laws of the State of Minnesota. The company was organized and controlled by the Burlington. The records reviewed do not indicate that this company had acquired any physical property, issued any securities, or opened any books, on October 21, 1885, the date of consolidation. It acquired some surveys and maps from the Chicago, St. Paul and St. Louis Railroad Company, which were used by the successor company. Payment for the surveys and maps was made by and recorded in the accounts of the successor company.

Keokuk and St. Paul Railway

Introductory

The Keokuk and St. Paul Railway Company was incorporated April 27, 1867, under the general laws of the State of Iowa. No records of this company have been obtained. The information given in this report pertaining to its financial dealings and investments has been taken from copies of contracts and from the records of the Burlington. The company was controlled on January 1, 1901, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any other common-carrier corporation. The railroad property owned by the Keokuk and St. Paul prior to October 27, 1869, which had been acquired in October, 1867, under a contract with certain individuals, as hereinafter explained, was to be operated by those individuals until the railroad company had completed the construction of an extension north of Fort Madison, Iowa. No further information regarding the operating arrangements prior to October 27, 1869, has been obtained. The entire property of the company was operated, under lease, by the Burlington from October 27, 1869, the date the Fort Madison-Burlington extension was completed, until the date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam-railroad, aggregating 42.28 miles, and extending from Keokuk to Burlington, all in Iowa.

Development of Fixed Physical Property

Of the 42.28 miles of road owned by the company on date of sale, it had acquired 16.3 miles, formerly owned by the Keokuk, Mount Pleasant and Muscatine Railroad Company, through purchase from Charles B. Foote; 7.66 miles through merger from the Fort Madison and Keokuk Railway and Transportation Company; and the remaining 18.32 miles by construction during the years 1867, 1868, and 1869. The construction of the 18.32 miles of road was performed by the Burlington.

Keokuk, Mount Pleasant and Muscatine Railroad

The Keokuk, Mount Pleasant and Muscatine Railroad Company was incorporated February 24, 1855, under the general laws of the State of Iowa. No records of this company have been obtained. Therefore, the only information that can be given regarding its financial dealings and investments has been taken from court records or miscellaneous records. The records reviewed do not indicate whether or not the company was controlled by any individual, association, or corporation on August 7, 1866, the date of sale after foreclosure; nor, on the other hand, whether this company, itself, then controlled any common-carrier corporation. The property was operated by the company's own organization from some time in 1856, the date the first section of road was completed, until the date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 16.3 miles, and extending from Keokuk to Viele, all in Iowa. The company had acquired this property through construction during the years 1855, 1856, and 1857.

Fort Madison and Keokuk Railway and Transportation

The Fort Madison and Keokuk Railway and Transportation Company was incorporated August 2, 1862, under the general laws of the State of Iowa, as a reorganization of the Iowa Southern Rail Road Company. No records of this company have been obtained. Therefore, no information can be given regarding its financial dealings, corporate operations, or investments. The company was controlled by Charles B. Foote and Edward Kilbourne, through ownership of the capital stock, until about April 27, 1867, when the stock was transferred to the successor company, which held it on October 30, 1867, the date of merger. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property was operated by the company's own organization from December 30, 1862, the date it was acquired by it, until the date of sale.

The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 7.66 miles, and extending from Fort Madison to Viele, all in Iowa. The company had acquired this property, through reorganization, from the Iowa Southern Rail Road Company.

Iowa Southern Rail Road, Formerly Named Fort Madison, West Point, Keosauqua and Bloomfield Rail Road

The Iowa Southern Rail Road Company was incorporated September 28, 1853, under the general laws of the State of Iowa as the Fort Madison, West Point, Keosauqua and Bloomfield Rail Road Company. Its name was changed March 18, 1857. No records of this company have been obtained. Therefore, the only information that can be given regarding its financial dealings or investments has been taken from court records and miscellaneous records. The records reviewed do not indicate whether or not this company was controlled by any individual, association, or corporation on December 30, 1862, the date of sale after foreclosure; nor, on the other hand, whether this company, itself, then controlled any common-carrier corporation. The property was operated by the company's own organization from October 31, 1859, the date construction was completed, until the date of sale.

The railroad owned on date of sale a single-track, standard-gauge, steam railroad, aggregating 7.66 miles, and extending from Fort Madison to Viele, all in Iowa. The company had acquired this property through construction which was completed October 31, 1859.

Iowa Southern Junction Rail Road

The Iowa Southern Junction Rail Road Company was incorporated November 27, 1858, under the general laws of the State of Iowa. No records of this company have been obtained. Therefore, no information can be given regarding its financial dealings or investments. The records reviewed do not indicate whether or not this company was controlled by any individual, association, or corporation on January 20, 1859, the date of the merger; nor, on the other hand, whether this company, itself, then controlled any common-carrier corporation. The company owned no completed road on date of merger, but had made some surveys and performed some preliminary construction work in connection with its projected road between Fort Madison and Keokuk, Iowa. The authorized capital stock of the Iowa Southern Junction was $500,000 par value, divided into shares of $50 par value each, all of which was classified as common stock. The amount of stock issued or the considerations received in exchange therefor have not been ascertained.

Albia, Knoxville and Des Moines Railroad

Introductory

The Albia, Knoxville and Des Moines Railroad Company was incorporated January 10, 1868, under the general laws of the State of Iowa. No accounting records of this company for the period prior to April 27, 1875, have been obtained, and no accounting records were kept by the company after that date. The information given in this report pertaining to the company's financial dealings and investments has been taken from its corporate records, from miscellaneous records, and from the Burlington's records. The company was controlled on January 1, 1901, the date of sale, by the Burlington, through ownership of about 98 per cent of the capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property was operated under lease by the Burlington from the date construction was completed, November 17, 1875, to date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 32.92 miles, and extending from Albia to Knoxville, all in Iowa, which had been constructed for the company during the years 1871 and 1875. The work done during 1871 was performed under contract by J. B. Grinnell and associates. The road was completed in 1875 by Samuel Merrell, contractor.

Des Moines & Knoxville Railway

Introductory

The Des Moines & Knoxville Railway Company was incorporated August 14, 1878, under the general laws of the State of Iowa. This company did not maintain accounting records. The information given in this report pertaining to its financial dealings and investments has been taken from the records of the Burlington. The company was controlled on January 1, 1901, the date of sale, by the Burlington, through ownership of practically all of the capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property was operated under lease by the Burlington from the date construction was completed, January 10, 1880, to date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 35.02 miles, and extending from Knoxville to Des Moines, all in Iowa, which had been constructed for the company during the period from May, 1879, to January 10, 1880. The construction work was performed by the Burlington.

The Chariton, Des Moines and Southern Rail Road

Introductory

The Chariton, Des Moines and Southern Rail Road Company was incorporated January 6, 1876, under the general laws of the State of Iowa. This company, itself, did not maintain accounting records. The information given in this report pertaining to its financial dealings and investments has been taken from the records of the Burlington. This company was controlled on January 1, 1901, the date of sale, by the Burlington, through ownership of practically all of the capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property was operated under lease by the Burlington from the date the first section of road was completed, December 23, 1878, to date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 33.14 miles, and extending from Chariton to Indianola, all in Iowa, which had been constructed for the company during the years 1878 and 1879. The construction work was performed by the Burlington.

The Creston Branch of the Burlington & Missouri River Railroad

Introductory

The Creston Branch of the Burlington & Missouri River Railroad was incorporated August 24, 1871, under the general laws of the State of Iowa. This company, itself, did not maintain accounting records. The information given in this report pertaining to its financial dealings and investments has been taken from the records of the Burlington and Missouri River Railroad Company and the Burlington. This company was controlled on January 1, 1901, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property was operated under lease by the Burlington and Missouri River Railroad Company from the date the construction was completed, January 21, 1872, to December 31, 1872, and was operated under lease by the Burlington from the latter date to the date of sale. The railroad owned on date of sale was a single-track, standard-gauge, steam railroad, aggregating 42.75 miles, and extending from Creston, Iowa, to a point on the Iowa-Missouri State line near Hopkins, Mo., all in Iowa. It was constructed for the company between August, 1871, and January 21, 1872. The construction work was performed by the Burlington and Missouri.

Burlington and Missouri Railroad

Introductory

The Burlington and Missouri Railroad Company was incorporated September 20, 1871, under the general laws of the State of Iowa. This company, itself, did not maintain accounting records. The information given in this report pertaining to its financial dealings and investments has been taken from the records of the Burlington and Missouri River Railroad Company and the Burlington.

The company was controlled on January 1, 1901, the date of sale, by the Burlington, through ownership of its entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property of this company was operated under lease by the Burlington and Missouri River Railroad Company from the date construction was completed, August 21, 1872, to December 31, 1872, and was operated under lease by the Burlington from the latter date until the date of sale. The railroad owned on date of sale was a single-track, standard-gauge, steam railroad, aggregating 36.72 miles, and extending from Chariton to Leon, all in Iowa. It had been constructed for the company during 1871 and 1872. The construction work was performed by the Burlington and Missouri River Railroad Company.

Brownville and Nodaway Valley Railway

Introductory

The Brownville and Nodaway Valley Railway Company was incorporated May 13, 1872, under the general laws of the State of Iowa. This company, itself, did not maintain accounting records, but its financial dealings were recorded in the accounts of the Burlington and Missouri River Railroad Company and the Burlington. The company was controlled on January 1, 1901, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property was operated under lease by the Burlington and Missouri from the date the first section of road was completed, September 30, 1872, to December 31, 1872, and was operated under lease by the Burlington from the latter date until the date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 35.07 miles, and consisting of a line extending from Villisca, Iowa, to Burlington Junction, Mo., all in Iowa and Missouri. It had been constructed for the company during the years 1872 and 1879. The construction work was performed under contract by the Burlington and Missouri and by the Burlington.

Clarinda, College Springs and South-Western Rail Road

Introductory

The Clarinda, College Springs and South-Western Rail Road Company was incorporated May 23, 1879, under the general laws of the State of Iowa. This company, itself, did not maintain accounting records. The information given in this report pertaining to its financial dealings and investments has been taken from the records of the Burlington. The company was controlled on January 1, 1901, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property was operated under lease by the Burlington from the date construction was completed, July 10, 1882, to date of sale. The railroad owned by this company on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 15.89 miles, and extending from Clarinda to near Northboro, all In Iowa. It was constructed for the company between April, 1881, and July 10, 1882. The construction work was performed by the Burlington.

The Nebraska City, Sidney and North Eastern Rail Way

Introductory

The Nebraska City, Sidney and North Eastern Rail Way Company was incorporated March 26, 1878, under the general laws of the State of Iowa. This company, itself, did not maintain accounting records, but its financial dealings were recorded in the accounts of the Burlington. The company was controlled on January 1, 1901, the date of sale, by the Burlington, through ownership of practically all of the capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property was operated under lease by the Burlington from the date construction was completed, December 2, 1878, to date of sale. The railroad owned by this company on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 21.12 miles, and consisting of a line extending from Hastings to Sidney, all in Iowa. It had been constructed for the company by the Burlington during the period from July to December 2, 1878.

Leon, Mount Ayr and Southwestern Railroad

Introductory

The Leon, Mount Ayr and Southwestern Railroad Company was incorporated October 31, 1878, under the general laws of the State of Iowa. This company, itself, did not maintain accounting records. The information given in this report pertaining to its financial dealings and investments has been taken from the records of the Burlington. The company was controlled on January 1, 1901, the date of sale, by the Burlington, through ownership of practically all of the capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property was operated under lease by the Burlington from the date the first section of road was completed, September 26, 1879, to date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 103.71 miles, and consisting of a line extending from Leon, Iowa, to Grant City, Mo., and from Togo, Iowa, to Albany, Mo., all in Iowa and Missouri. It had been constructed for this company by the Burlington during the years 1879, 1880, and 1881.

Creston and Northern Railroad

Introductory

The Creston and Northern Railroad Company was incorporated under the general laws of the State of Iowa, through articles of incorporation dated August 6, 1878, but not filed with the secretary of state for Iowa until February 7, 1880. This company, itself, did not maintain accounting records. The information given in this report pertaining to its financial dealings and investments has been taken from the records of the Burlington. The company was controlled on January 1, 1901, the date of sale, by the Burlington, through ownership of practically all of its capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property was operated under lease by the Burlington from the date the first section of road was completed, November 17, 1878, to the date of sale. The railroad owned by this company on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 27.42 miles, and consisting of a line extending from Creston to Fontanelle, all in Iowa, which had been constructed for the company by the Burlington between August, 1878, and May 6, 1879.

Hastings and Avoca Railroad

Introductory

The Hastings and Avoca Railroad Company was incorporated November 3, 1879, under the general laws of the State of Iowa. This company, itself, did not maintain accounting records. The information given in this report pertaining to its financial dealings and investments has been taken from the records of the Burlington. The Company was controlled on January 1, 1901, the date of sale, by the Burlington, through ownership of its entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property was operated under lease by the Burlington from the date that the construction was completed, October 6, 1880, to the date of sale. The railroad owned by this company on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 15.79 miles, and consisting of a line extending from Hastings to Carson, all in Iowa, which had been constructed for the company by the Burlington between March and October 6, 1880.

Red Oak and Atlantic Railroad

Introductory

The Red Oak and Atlantic Railroad Company was incorporated June 9, 1879, under the general laws of the State of Iowa. This company, itself, did not maintain accounting records. The information given in this report pertaining to its financial dealings and investments has been taken from the records of the Burlington. The company was controlled on January 1, 1901, the date of sale, by the Burlington, through ownership of its entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporations. The property was operated under lease by the Burlington from the date that the construction was completed, January 17, 1880, to the date of sale. The railroad owned by this company on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 18.04 miles, and consisting of a line from Red Oak to Griswold, all in Iowa, which had been constructed for the company by the Burlington between August, 1879, and January 17, 1880.

Humeston and Shenandoah Railway

Introductory

The Humeston and Shenandoah Railway Company was incorporated April 14, 1896, under the general laws of the State of Iowa, as a reorganization of the Humeston and Shenandoah Railroad Company. This company was controlled on January 1, 1901, the date of sale, by the Burlington, through ownership of its entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property of the company was operated by its own organization from May 1 to June 30, 1896, and was operated under lease by the Burlington from July 1, 1896, to date of sale. The railroad owned by the company on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 95.20 miles, and consisting of a line extending from Van Wert to Shenandoah, all in Iowa, which had been acquired by it through reorganization from the Humeston and Shenandoah Railroad Company.

Humeston and Shenandoah Railroad

Introductory

The Humeston and Shenandoah Railroad Company was incorporated March 22, 1881, under the general laws of the State of Iowa. This company was controlled on March 30, 1896, the date of sale following foreclosure, by the Burlington, through ownership of its entire capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property was operated by the Burlington and by the Wabash, St. Louis and Pacific Railway Company, joint lessees from November 7, 1881, the date that the first section of road was completed, until July 3, 1895. However, the property was operated separately from the lessees' other property, being operated for their joint account, and the results of operations were recorded in the books of the lessor. The property was operated by a receiver from July 3, 1895, until date of sale, but the receiver's books recorded the results of operations from July 3, 1895, to April 30, 1896, the date that the property was surrendered by the receiver to the successor company. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 95.20 miles, and consisting of a line extending from Van Wert to Shenandoah, all in Iowa. It had been constructed by the company during 1881 and 1882.

Western Iowa Railroad

Introductory

The Western Iowa Railroad Company was incorporated September 17, 1884, under the general laws of the State of Iowa. This company, itself, did not maintain accounting records. The information given in this report pertaining to its financial dealings and investments has been taken from the records of the Burlington. The company was controlled on January 1, 1901, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporations. The property was operated under lease by the Burlington from the date construction was completed, August 25 1885, to date of sale.

The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 20.33 miles, and consisting of a line extending from Fontanelle to Cumberland, all in Iowa. It was constructed for the company by the Burlington between November, 1884, and August 25, 1885.

Chicago, Ft. Madison and Des Moines Railroad

The Chicago, Ft. Madison and Des Moines Railroad Company was incorporated January 5, 1899, under the general laws of the State of Iowa, as a reorganization of The Chicago, Ft. Madison and Des Moines Railway Company. No accounting records of this company have been obtained. The information given in this report pertaining to the company's financial dealings, corporate operations, and investments has been taken from the company's annual report to this commission for the year ended June 30, 1900. The company was controlled on January 1, 1901, the date of sale, by the Burlington, through ownership of practically all of the capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property of this company was operated by its own organization from the date acquired, January, 1899, to June 30, 1900; and was operated under lease by the Burlington from July 1, 1900, to the date of sale.

The railroad owned on date of sale was a single-track, standard-gauge, steam railroad, aggregating 55.95 miles, and consisting of a line extending from Fort Madison to a point near Batavia, all in Iowa. This property was part of 71 miles of road which the company had acquired through reorganization from The Chicago, Ft. Madison and Des Moines Railway Company, the remaining 15.05 miles so acquired having been abandoned on July 22, 1900.

The Chicago, Ft. Madison and Des Moines Railway

The Chicago, Ft. Madison and Des Moines Railway Company was incorporated April 21, 1890, under the general laws of the State of Iowa. No accounting records of this company have been obtained, except a balance sheet statement as of January 31, 1899. The information given in this report pertaining to the company's financial dealings and investments has been taken from this balance sheet statement or from miscellaneous records. The company was controlled on January 4, 1899, the date of sale following foreclosure, by the Western Construction Company, through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property of this company was operated by its own organization from the date acquired by it, March, 1890, until July 27, 1898, and was operated by a receiver from the latter date to the date of sale.

The railroad owned on date of sale was a single-track, standard-gauge, steam railroad, aggregating 71 miles, and consisting of a line from Fort Madison to Ottumwa, all in Iowa. Of the 71 miles of road owned by this company, 45 miles had been acquired by it through purchase from Williard T. Block who had acquired his title through purchase at foreclosure sale from The Fort Madison and Northwestern Railway Company, and the remaining 26 miles had been constructed for it by the Western Construction Company during the years 1891 and 1892. The 45 miles of purchased road was narrow gauge at the time of purchase, but the gauge was changed to standard by the Western Construction Company at the same time that the 26 miles of additional road was constructed.

The Fort Madison and Northwestern Railway, Formerly Named The Fort Madison, Oskaloosa and Northwestern Railway

The Fort Madison and Northwestern Railway Company was incorporated April 23, 1872, under the general laws of the State of Iowa as The Fort Madison, Oskaloosa and Northwestern Railway Company. Its name was changed May 16, 1872. No records of this company have been obtained. Therefore, no information can be given regarding its financial dealings, corporate operations, and investments. The Fort Madison and Northwestern was controlled on February 25, 1890, the date of sale following foreclosure, by The Fort Madison and Northwestern Construction Company, through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property was operated by construction companies from June 7, 1879, the date the first construction was completed, until January 3, 1885, and was operated by various receivers from the latter date to the date of sale. The railroad owned on the date of sale was a single-track, narrow-gauge, steam railroad, aggregating 45 miles, and consisting of a line extending from Fort Madison to Collett, all in Iowa. The company had acquired this property through construction which was performed principally by construction companies during the period from 1879 to 1884, inclusive.

Murray and Creston Railroad

Introductory

The Murray and Creston Railroad Company was incorporated January 26, 1900, under the general laws of the State of Iowa. This company, itself, did not maintain accounting records. The information given in this report pertaining to its financial dealings and investments has been taken from the records of the Burlington. The company was controlled on January 1, 1901, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property owned on the date of sale consisted of a railroad under construction, extending from Murray to East Creston, all in Iowa. This had been constructed for the company by the Burlington. The work had commenced in January, 1900, and was in progress at date of sale.

The Chillicothe and Chariton Rail Road

The Chillicothe and Chariton Rail Road Company was incorporated November 29, 1878, under the general laws of the State of Iowa. This company, itself, did not maintain accounting records. The information given in this report pertaining to its financial dealings and investments has been taken from the records of the Burlington. The company was controlled on January 1, 1901, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property was operated under lease by the Burlington from the date construction was completed, October 10, 1879, to date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 14.97 miles, and consisting of a line extending from a point 1 mile east of Frederic, Iowa, to a point at tower 307 west of Albia, Iowa, all in Iowa. It had been constructed for the company by the Burlington between November, 1878, and October 10, 1879.

Fairfield and Ottumwa Railroad

The Fairfield and Ottumwa Railroad Company was incorporated January 26, 1900, under the general laws of the State of Iowa. This company, itself, did not maintain accounting records. The information given in this report pertaining to its financial dealings and investments has been taken from the records of the Burlington. The company was controlled on January 1, 1901, the date of sale, by the Burlington, through ownership of all of the capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property of the company was operated under lease by the Burlington from the date that the construction was completed, the fall of 1900, to the date of sale. The railroad owned by this company on the date of sale was a double-track, standard-gauge, steam railroad, aggregating 9.15 miles, and consisting of a line extending from a point near Fairfield to a point near Batavia, all in Iowa. This road had been constructed for the company by the Burlington during the period from January, 1899, prior to the date of incorporation, to the fall of 1900.

Hannibal and St. Joseph Railroad

Introductory

The Hannibal and St. Joseph Railroad Company was incorporated February 16, 1847, in the State of Missouri. The company was controlled on January 1, 1901, the date of sale, by the Burlington through ownership of its capital stock. On the other hand, this company controlled, jointly with other companies through proportionate ownership of the capital stock, the following-named companies, the common-carrier properties of which were operated by their own organizations: Hannibal Union Depot Company, Saint Joseph Union Depot Company, Union Depot Company (of Kansas City, Mo.), and Atchison Union Depot and Railroad Company.

The property of this company was operated by its own organization from its completion to July 1, 1900, except during the period October 20 to 29, 1877, when it was operated by a receiver. From July 1, 1900, to date of sale, it was operated under lease by the Burlington. The railroad owned on date of sale consisted of 288.67 miles of single-track, steam railroad located in Missouri. Its main line extended from Hannibal to St. Joseph, with branch lines extending from Palmyra Junction to West Quincy, Cameron Junction to Kansas City, and St. Joseph to Rushville.

Development of Fixed Physical Property

Of the 288.67 miles of road owned by the company on the date of sale, It had acquired 12.65 miles from The Quincy and Palmyra Railroad Company, 54.16 miles from The Kansas City and Cameron Railroad Company, and 221.86 miles by construction. The total mileage constructed by this company amounted to 225.99 miles, of which 4.13 miles, extending from Rushville to Winthrop, was abandoned in 1896. The construction work was performed by contractors, none of whom appear to have been affiliated with the company. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

The Quincy and Palmyra Railroad

Introductory

The Quincy and Palmyra Railroad Company was incorporated March 7, 1856, in the State of Missouri. No accounting records of this company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data given below were obtained from its minute book and records of its successor. The company was controlled on March 14, 1867, the date of merger, by the Hannibal and St. Joseph Railroad Company through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. No information was obtainable regarding operation of the property of the company. The railroad owned consisted of 12.65 miles of single-track road, extending from West Quincy to Palmyra, Mo.

Development of Fixed Physical Property

The entire 12.65 miles of road owned by the company on date of merger had been acquired by construction, completed April 1, 1860. The construction work was performed by numerous contractors, none of whom appear to have been affiliated with the company. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

The Kansas City and Cameron Railroad, Formerly Named Kansas City, Galveston and Lake Superior Railroad

Introductory

The Kansas City and Cameron Railroad Company was incorporated February 9, 1857, in the State of Missouri as the Kansas City, Galveston and Lake Superior Railroad Company. The name was changed November 12, 1866. No accounting records of this company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data given below were obtained from its minute book and records of its successor. The company was controlled on February 14, 1870, the date of merger, by the Hannibal and St. Joseph Railroad Company, through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The property of the company was operated by the Hannibal and St. Joseph from the date of completion to date of merger. The property owned consisted of 54.16 miles of single-track railroad extending from Cameron to Kansas City, Mo., including a combination railroad and highway bridge over the Missouri River at Kansas City.

Development of Fixed Physical Property

The entire 54.16 miles of railroad owned by the company on date of merger had been acquired by construction which was begun in November, 1860, was discontinued during the war, resumed in May, 1866, and completed from Cameron to North Kansas City, November 30, 1867. The bridge over the Missouri River at Kansas City was completed July 4, 1869. The construction work was per formed by numerous contractors, none of whom appear to have been affiliated with the company. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

Grant City and Southern Railroad

The Grant City and Southern Railroad Company was incorporated June 4, 1898, in the State of Missouri. This company did not maintain accounting records. The information given in this report pertaining to its financial dealings has been taken from records of the Burlington.

The company was always controlled by the Burlington which owned the entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property was operated under lease by the Burlington from November, 1899, the date that construction was completed, until January 1, 1901, the date of sale. The railroad owned on the date of sale consisted of 19.93 miles of single-track, standard-gauge road extending from Grant City to Albany Junction, all in Missouri. The road had been acquired by construction, which began in April, 1899, and was completed in November, 1899. The construction work was performed by the Burlington under contract dated March 14, 1899.

St. Joseph and Nebraska Railroad

Introductory

The St. Joseph and Nebraska Railroad Company was incorporated May 17, 1882, in the State of Missouri. The company was controlled on January 1, 1901, the date of sale, by the Burlington through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property was operated by the Kansas City, St. Joseph and Council Bluffs Railroad Company under lease from its completion to September 30, 1887. From the latter date to date of sale it was operated under lease by the Burlington. The railroad owned on date of sale consisted of 5.86 miles of single-track, standard-gauge railroad, extending from Napier northwest to a point near the east bank of the Missouri River, all in Missouri.

Development of Fixed Physical Property

The 5.86 miles of road owned on date of sale had been acquired by construction, completed in January, 1883. The total road constructed by the company amounted to 8.59 miles, of which 2.73 miles was abandoned in 1887. Details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

The St. Joseph & Des Moines Railroad

Introductory

The St. Joseph & Des Moines Railroad Company was incorporated August 28, 1877, in the State of Missouri. The accounting records of the company for the period from the date of its incorporation to the date Burlington acquired control, February 19, 1880, were discontinued on the latter date and new accounting records opened by the company as of that date. On the other hand, the accounting records of this company were discontinued after April 30, 1885, the date its property was leased to the Burlington. However, certain data given below were obtained from the records of the Burlington. The company was controlled on January 1, 1901, the date of sale, by the Burlington through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The property of the company was operated by its own organization from November, 1878, the date of completion of about 18 miles of road, to April 30, 1885, and from May 1, 1885, to date of sale it was operated under lease by the Burlington. The railroad owned on date of sale consisted of 48.09 miles of single-track, standard-gauge, steam railroad extending from St. Joseph to Albany, Mo.

Development of Fixed Physical Property

The entire 48.09 miles of road owned on date of sale had been acquired by construction in 1878 and 1879. The road as originally constructed was a narrow-gauge line and was changed to standard gauge in 1884 and 1885. The construction work was performed in part by forces of the company and in part by local contractors. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

Kansas City, St. Joseph and Council Bluffs Railroad

Introductory

The Kansas City, St. Joseph and Council Bluffs Railroad Company was incorporated July 11, 1870, under the general laws of the State of Missouri through the filing of articles of consolidation by the Missouri Valley Railroad Company and the St. Joseph & Council Bluffs Rail Road Company. The company was controlled on January 1, 1901, the date of sale, by the Burlington through ownership of a majority of the capital stock. On the other hand, the records reviewed indicate that this company jointly controlled with other companies, through proportional ownership of their capital stocks, the Atchison Union Depot and Railroad Company, Saint Joseph Union Depot Company, and Union Depot Company (of Kansas City, Mo.), whose common-carrier properties were operated by their own organizations. The property of the company was operated by its own organization to June 30, 1900. From July 1, 1900, to date of sale it was operated under lease by the Burlington. Although the company was formed by consolidation agreement dated May 19, 1870, filed July 11, 1870, the results of corporate operations and investments of the consolidating companies are recorded in the accounts of this company commencing with April 1, 1870. The railroad owned on date of sale consisted of 308.50 miles of standard-gauge steam railroad, located in Missouri and Iowa. Its main line extended from North Kansas City, Mo., to Council Bluffs, Iowa, and its branch lines extended from Amazenia, Mo., to the Missouri-Iowa State line, from Bigelow to Burlington Junction, Mo., from Corning, Mo., to Northboro, Iowa, from Payne to East Nebraska City, Iowa, and from East Leavenworth to Stillings, Mo.

Development of Fixed Physical Property

Of the 308.50 miles of road owned by the company on the date of sale, it had acquired 111.35 miles from the Missouri Valley Railroad and 134.35 miles from the St. Joseph and Council Bluffs, in the consolidation of 1870, 29.53 miles by purchase of the Tarkio Valley Railroad Company, 31.54 miles by purchase of the Nodaway Valley Railroad Company, and had constructed 22.98 miles and abandoned 21.25 miles on account of relocations. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

Missouri Valley Railroad, Formerly Named Atchison and Saint Joseph Railroad

Introductory

The Missouri Valley Railroad Company was incorporated December 11, 1855, in the State of Missouri as the Atchison and Saint Joseph Railroad Company. The name was changed March 8, 1867. There were no available accounting records of the company for the period from date of its incorporation to August 19. 1866. For that reason only partial information can be given from its accounts regarding financial dealings, corporate operations, or investments. Certain information given below was obtained from other sources. The records reviewed do not indicate that the company was controlled by any individual or corporation on May 19, 1870, the effective date of the consolidation, or, on the other hand, that it then controlled any common-carrier corporation. The property was operated by the Platte Country Railroad Company from 1860, the date of completion of the line from East Atchison to St. Joseph, to August 11, 1864. From that date to April 21, 1866, and from August 19, 1866, to date of consolidation it was operated by the company's own organization. From April 21, 1866, to August 19, 1866, it was operated by the State of Missouri by virtue of its lien on account of default by the company in the payment of interest on State bonds. The property owned on date of consolidation consisted of 111.35 miles of single-track, standard-gauge railroad extending from North Kansas City to Maryville, and 23 miles of graded right of way between Savannah and Forrest City, all in Missouri.

Development of Fixed Physical Property

Of the 111.35 miles of road owned by the company, it had acquired 15.24 miles, formerly owned by the Weston and Atchison Rail Road Company, and an undivided one-half interest in 17.36 miles of completed road and 23 miles of graded right of way, formerly owned by the Platte Country Railroad Company, in the merger of the Weston and Atchison Rail Road Company. An undivided one-half interest in the property formerly owned by the Platte Country Railroad Company, described above, was purchased from the State of Missouri, 59.35 miles were acquired by construction, and 19.40 miles were constructed by the Platte Country Railroad Company for this company. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

Weston and Atchison Rail Road

The Weston and Atchison Rail Road Company was incorporated April 29, 1859, in the State of Missouri. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data given below were obtained from other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on April 5, 1867, the date of merger, or, on the other hand, whether it then controlled any common-carrier corporation. The property was operated by the Platte Country Railroad Company from date of completion to August 11, 1864. From that date to April 21, 1866, and from August 19, 1866, to date of merger, it was operated by the company's own organization. From April 21, 1866, to August 19, 1866, it was operated by the State of Missouri, by virtue of its lien account of default in payment of interest by the company.

The property owned by the company on date of merger consisted of 15.24 miles of single-track, standard-gauge, steam railroad, extending from Weston to Winthrop, Mo. It also owned an undivided one-half interest in 17.36 miles of railroad extending from St. Joseph to Savannah, Mo., formerly owned by the Platte Country Railroad Company, of which 17 miles was abandoned by a successor company. The company acquired right of way, did the grading and bridging, furnished the ties, spikes, and track fastenings for its road, between Weston and Winthrop, and under agreement, by deed dated July 18, 1959, conveyed its property to the Platte Country Railroad. The latter company, through D. Carpenter, Jr., its construction contractor, completed the road, and operated it as part of its own property until August 11, 1864, when it was surrendered to the Weston and Atchison.

Platte Country Railroad, Formerly Named Platte County Railroad

The Platte Country Railroad Company was incorporated February 24, 1853, in the State of Missouri as the Platte County Railroad Company. Its name was changed March 23, 1863. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data given below were obtained from agreements and other documents on file. The records reviewed do not indicate whether the company was controlled by any individual or corporation on September 5, 1864, the date its property was sold to the State of Missouri, or, on the other hand, whether it then controlled any common-carrier corporation. The property of the company was operated by its own organization from the date of completion to September 5, 1864, the date of sale. It was operated by the State of Missouri from the latter date to March 6, 1865, the date it was sold by the State of Missouri to the Missouri Valley Railroad Company and the Weston and Atchison Rail Road Company.

On July 15, 1859, the company made an agreement with D. Carpenter, Jr., under the terms of which he was to construct and equip the proposed road for $25,000 per mile, of which one-fourth was to be paid in cash, one-fourth in stock of the company, and one-half in bonds of the State of Missouri issued in aid of construction. On the same date D. Carpenter, Jr., made agreements with the Missouri Valley Railroad and the Weston and Atchison, under the terms of which each of these companies agreed to furnish right of way, do the grading and bridging, also furnish ties, spikes, and fastenings, and Carpenter agreed to furnish and lay the rail, build depots, and furnish equipment for their proposed roads. Carpenter agreed to pay the cost to those companies in capital stock of the Platte Country Railroad and the companies agreed to convey their properties to that company. Under the terms of the agreements the property of the Weston and Atchison was conveyed to the Platte Country Railroad July 18, 1859, and that of the Missouri Valley Railroad on July 19, 1859.

The road constructed amounted to 52 miles of single-track, standard-gauge, steam railroad, all in Missouri. Of the total mileage constructed, 15.24 miles extending from Weston to East Atchison was constructed on right of way of the Weston and Atchison, 19.40 miles extending from East Atchison to St. Joseph on right of way of the Missouri Valley Railroad, and 17.36 miles extending from St. Joseph to Savannah was constructed entirely for the Platte Country Railroad. Seventeen miles of the last-mentioned line was abandoned in 1872 by a successor company. The Platte Country Railroad had received $700,000 par value of bonds issued by the State of Missouri in aid of construction. The considerations received for the bonds could not be determined. The company defaulted in payment of interest on the bonds and the State of Missouri purchased the property at public sale on September 5, 1864. On August 10, 1864, the company surrendered the road extending from Weston to East Atchison to the Weston and Atchison, and that extending from East Atchison to St. Joseph to the Missouri Valley Railroad. In September, 1864, the State of Missouri, claiming the surrender of the property by the Platte Country Railroad was illegal, brought suit for its possession. In compromise of the suit the Weston and Atchison and the Missouri Valley Railroad jointly assumed the $700,000 liability of the Platte Country Railroad for the State bonds and the accrued interest thereon aggregating $168,000, and the State of Missouri, on March 6, 1865, conveyed jointly to those companies the 17.36 miles of road extending from St. Joseph to Savannah. The authorized capital stock was $2,000,000 par value, divided into shares of $50 par value each. The amount issued or the considerations received therefor could not be determined.

St. Joseph & Council Bluffs Rail Road

Introductory

The St. Joseph & Council Bluffs Rail Road Company was incorporated through the filing of articles of consolidation dated April 7, 1869, in the State of Missouri May 1, 1869, and in the State of Iowa July 5, 1870. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, the first annual report of the Kansas City, St. Joseph and Council Bluffs Railroad Company to its stockholders contains a statement of the assets and liabilities of the St. Joseph & Council Bluffs, as of March 31, 1870, the date the accounts were taken over by the Kansas City, St. Joseph and Council Bluffs Railroad. This stockholders' report also contains a statement of the combined corporate operations of the St. Joseph & Council Bluffs and its predecessors for the period from August, 1868, to March 31, 1870. The above statements, together with an analysis of the accounts taken over by the Kansas City, St. Joseph and Council Bluffs and the minute book of the St. Joseph & Council Bluffs, contain certain data which is given below. The company was controlled on May 19, 1870, the effective date of the consolidation, by Nathaniel Thayer, of Boston, Mass., through ownership of a majority of the capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The property of the company was operated by its own organization from date of organization to March 31, 1870.

The railroad owned on date of consolidation amounted to 134.35 miles of single-track, standard-gauge, steam railroad. The main line extended from St. Joseph, Mo., to Council Bluffs, Iowa, 132 miles, with a branch line extending from Payne to East Nebraska City, Iowa, 2.35 miles. Although the St. Joseph & Council Bluffs was consolidated with the Missouri Valley Railroad on May 19, 1870, to form the Kansas City, St. Joseph and Council Bluffs, that successor took over the accounts of this company as of April 1, 1870.

Development of Fixed Physical Property

Of the 134.35 miles of road owned by the company on date of consolidation, it had acquired 80.93 miles from the St. Joseph & Council Bluffs Rail Road Company and 53.42 miles from the Council Bluffs and St. Joseph, in the consolidation of April 7, 1869. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

Council Bluffs and St. Joseph Rail Road

Introductory

The Council Bluffs and St. Joseph Rail Road Company was incorporated July 2, 1858, in the State of Iowa. No accounting records of this company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data given below were obtained from agreements and other records of the Kansas City, St. Joseph and Council Bluffs Railroad Company. The company was controlled on April 7, 1869, the date of consolidation, by Nathaniel Thayer, Trustee, of Boston, Mass., through holding of a majority of the capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property of the company was operated by its own organization from date of its completion in August, 1868, to date of the consolidation. The railroad owned on the date of consolidation consisted of 53.42 miles of single-track, standard-gauge, steam railroad. Its main line extended from Council Bluffs, Iowa, to the Missouri-Iowa State line, 51.07 miles, with a branch line extending from Payne to East Nebraska City, Iowa, 2.35 miles. This road had been acquired by construction which was begun in 1859, was suspended in 1861, on account of the war, was resumed in September, 1865, and was completed in August, 1868. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

Nodaway Valley Railroad

Introductory

The Nodaway Valley Railroad Company was incorporated August 30, 1879, in the State of Missouri. The company was controlled on August 15, 1900, the date of sale, by the Burlington through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The property was operated under lease by the Kansas City, St. Joseph and Council Bluffs Railroad Company from the date of completion to date of sale. The railroad owned by the company consisted of 31.54 miles of single-track, standard-gauge road, extending from Bigelow to Burlington Junction, Mo., which had been acquired by construction in 1880. The construction work was performed by contractors who do not appear to have been affiliated with the company. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

Tarkio Valley Railroad

Introductory

The Tarkio Valley Railroad Company was incorporated April 10, 1880, in the State of Missouri. The company was controlled on August 15, 1900, the date of sale, by the Burlington, through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The property of the company was operated under lease by the Kansas City, St. Joseph and Council Bluffs Railroad Company from the date of completion to date of sale. The railroad owned by the company consisted of 29.53 miles of single-track, standard-gauge road, extending from Corning, Mo., to a point 2 miles north of Northboro, Iowa.

Development of Fixed Physical Property

The entire 29.53 miles of road owned had been acquired by construction in 1882. The construction work was performed by contractors who do not appear to have been affiliated with the company. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

Keokuk and Western Railroad

Introductory

The Keokuk and Western Railroad Company was incorporated December 3, 1886, under the general laws of the State of Iowa. It was controlled on January 1, 1901, the date of sale, by the Burlington, through ownership of the capital stock. On the other hand, it controlled jointly with other companies, through ownership of 20 per cent of the capital stock, the Keokuk Union Depot Company, which operated its own common-carrier property. The property of the company was operated by its own organization from the dates acquired to July 1, 1900. From the latter date to date of sale it was operated by the Burlington, under lease. The railroad owned on date of sale, amounted to 253.76 miles of single-track, standard-gauge, steam railroad, located in Missouri and Iowa. It consisted of two main lines, one extending from Alexandria, Mo., to Van Wert, Iowa, and one extending from Des Moines, Iowa, to Cainsville, Mo., including certain terminal facilities in Keokuk, Iowa.

Development of Fixed Physical Property

Of the 253.76 miles of road owned on date of sale, 111.11 miles had been acquired by purchase from the Des Moines & Kansas City Railway Company and 142.65 miles through foreclosure sale of the property of the Missouri, Iowa and Nebraska Railway Company. Details with respect to the construction of this property are given in the chapter on development of fixed physical property in report on the Burlington.

Missouri, Iowa and Nebraska Railway

The Missouri, Iowa and Nebraska Railway Company was incorporated March 26, 1870, under the general laws of the States of Missouri and Iowa, through the filing of articles of consolidation by the Iowa Southern Railway Company and The Alexandria and Nebraska City Rail Road Company. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data given below were obtained from other documents on file. The records reviewed do not indicate whether the company was controlled by any individual or corporation on August 19, 1886, the date of foreclosure sale, or, on the other hand, whether it then controlled any common-carrier corporation. The property of the company was operated by its own organization from the dates of completion of the several parts thereof to October 1, 1880. From the latter date to April 1, 1881, it was operated by the Wabash, St. Louis and Pacific Railway Company, under lease. That part of the road extending from Van Wert to Humeston, Iowa, was operated from April 1, 1881, to October 7, 1886, by the Humeston and Shenandoah Railroad Company, under lease. The road from Alexandria, Mo., to Humeston, Iowa, was operated from April 1, 1881, to July 1, 1885, by the Wabash, St. Louis and Pacific Railway Company and its receivers, and from July 1, 1885, to October 7, 1886, it was operated by the receiver of the Missouri, Iowa and Nebraska, who operated the entire line from October 7, 1886, to November 26, 1886, the date conveyed to successor.

The railroad owned on date of foreclosure sale consisted of 142.65 miles of single-track, standard-gauge, steam railroad, extending from Alexandria, Mo., to Van Wert, Iowa, and terminal facilities at Keokuk, Iowa, which had been acquired by construction. The construction work was performed in part by forces of the company and in part by various contractors, none of whom appear to have been affiliated with the company. About 24 miles of the road was constructed on the right of way acquired from The Alexandria and Nebraska City Rail Road Company in the consolidation of March 26, 1870, while the right of way acquired from the Iowa Southern Railway Company was abandoned. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

Iowa Southern Railway Company

The Iowa Southern Railway Company was incorporated February 25, 1868, under the general laws of the State of Iowa. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data given below were obtained from other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on March 26, 1870, the date of consolidation, or, on the other hand, whether it then controlled any common-carrier corporation.

The property owned on date of consolidation consisted of a partially graded right of way extending from Bloomfield, Iowa, southeasterly towards the Iowa-Missouri State line and from Bloomfield westerly in the direction of Centerville, Iowa. The extent of the right of way or the grading done could not be determined. However, the records reviewed indicate that no part of the property was ever used by the successor of the company.

The Alexandria and Nebraska City Rail Road, Formerly Named The Alexandria and Bloomfield Rail Road

The Alexandria and Nebraska City Rail Road Company was incorporated February 9, 1857, in the State of Missouri as The Alexandria and Bloomfield Rail Road Company. The name was changed August 25, 1866. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data given below were obtained from other documents on file. The records reviewed do not indicate whether the company was controlled by any individual or corporation on March 26, 1870, the date of consolidation, or, on the other hand, whether it then controlled any common-carrier corporation. The property owned on date of consolidation consisted of a partially graded right of way extending from Alexandria, Mo., to the Missouri-Iowa State line.

Des Moines & Kansas City Railway

Introductory

The Des Moines & Kansas City Railway Company was incorporated January 21, 1888, under the general laws of the State of Iowa. The accounting records of the company for the period from the date of its incorporation to December 5, 1895, were discontinued and the balances in those accounts were not taken up in new accounting records opened as of that date. However, the accounting data given below includes the recorded transactions for the entire period from date of incorporation to date of sale. The company was controlled by the Keokuk and Western Railroad Company on April 1, 1898, the date of sale, through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The property of the company was operated by its own organization from March 28, 1888, the date of purchase, to December 5, 1895. From December 5, 1895, to date of sale, it was operated by the Keokuk and Western, as agent. The railroad owned on date of sale consisted of 111.11 miles of single-track, standard-gauge, steam railroad, extending from Des Moines, Iowa, to Cainsville, Mo., which had been acquired through foreclosure sale of the Des Moines, Osceola and Southern Rail Road. The road, when acquired, was a narrow-gauge line and was changed to standard gauge during 1896.

Des Moines, Osceola and Southern Rail Road

The Des Moines, Osceola and Southern Rail Road was incorporated June 27, 1879, under the general laws of the State of Iowa. No accounting records of this company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain information given below was obtained from other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on November 11, 1887, the date its property was sold at foreclosure, or, on the other hand, whether it then controlled any common-carrier corporation. The property of the company was operated by its own organization from its completion to April 2, 1885. From that date to January 11, 1888, it was operated by receivers, and from January 11, 1888, to March 28, 1888, the date it was conveyed to its successor, it was operated by a trustee.

The railroad owned on date of foreclosure sale consisted of 111.11 miles of single-track, narrow-gauge, steam railroad, extending from Des Moines, Iowa, to Cainsville, Mo., and had been acquired by construction during the period 1881 to 1884. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

St. Louis, Keokuk & Northwestern Railroad

Introductory

The St. Louis, Keokuk & Northwestern Railroad Company was incorporated December 23, 1887, under the general laws of the State of Iowa. The company was controlled on January 1, 1901, the date of sale, by the Burlington through ownership of the capital stock. On the other hand, this company controlled, jointly with other companies through ownership of capital stock to the extent indicated, the following named companies, the common-carrier properties of which were operated by their own organizations.

	Stock ownership
Hannibal Union Depot Company, jointly controlled with Chicago, Burlington & Quincy Railroad Company; Hannibal and St. Joseph Railroad Company; Missouri, Kansas and Texas Railway Company; and Wabash Railroad Company.	per cent 19.5
Toledo, Peoria & Western Railway Company, jointly controlled with the Pennsylvania Company.	per cent 37.7

The property of the company was operated by its own organization from the dates acquired to July 1, 1900, and from that date to date of sale it was operated by the Burlington under lease. The railroad owned on date of sale consisted of two separate lines of single-track, standard-gauge railroad aggregating 225.40 miles. One line extended from Mount Pleasant, Iowa, to West Quincy, Mo., the other from Moody to St. Louis, Mo., and from Cuivre Junction to St. Peters, Mo.

Development of Fixed Physical Property

Of the 225.40 miles of road owned on date of sale, 128.84 miles had been acquired through foreclosure sale of the St. Louis, Keokuk and North Western Railway Company, 48.09 miles by purchase from the Mt. Pleasant and Keokuk Railroad Company, and 48.47 miles extending from Cuivre Junction to St. Louis, Mo., by construction. It had also acquired 3.91 miles of yard and side tracks at Keokuk, Iowa, by purchase of the Keokuk Railway and Improvement Company, and had abandoned about 60 miles of graded right of way between Canton and Glenwood, Mo., which had been acquired through the foreclosure sale of the St. Louis, Keokuk and North Western Railway Company. In 1911, after this property passed to the Burlington, the latter company abandoned 10.55 miles of the line between Cuivre Junction and St. Peters, Mo. The construction work on the road from Cuivre Junction to St. Louis was performed by the company's own forces during the period 1887 to 1894. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

Keokuk Railway and Improvement Company

The Keokuk Railway and Improvement Company was incorporated December 14, 1891, under the general laws of the State of Iowa. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations or investments. However, certain information given below has been obtained from other sources. The company was controlled by the St. Louis, Keokuk & North western Railroad Company on December 15, 1900, the date of sale, under the terms of an agreement dated November 28, 1892. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property of this company was operated by the St. Louis, Keokuk & Northwestern from the completion of various tracks to date of sale.

The property owned on date of sale consisted of 3.91 miles of yard and side tracks located at Keokuk, Iowa, all of which had been acquired by construction between November, 1892, and the date of sale. The construction was performed under an agreement with the St. Louis, Keokuk & Northwestern, dated November 28, 1892. Under the terms of the agreement the latter advanced all funds necessary for acquisition of right of way and for construction and in consideration acquired the property for sole operation and the conveyance of the property to it on demand.

Mt. Pleasant and Keokuk Railroad

The Mt. Pleasant and Keokuk Railroad Company was incorporated April 17, 1889, under the general laws of the State of Iowa. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain information given below has been obtained from other sources. The company was controlled on June 17, 1889, the date of sale, by the Burlington, through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporations. The property was operated under lease by the St. Louis, Keokuk & Northwestern Railroad Company from the date acquired to the date of sale. The railroad owned on date of sale consisted of 48.09 miles of single-track, standard-gauge railroad, extending from Keokuk to Mount Pleasant, Iowa, all of which had been acquired through foreclosure sale of the Keokuk and Northwestern Railroad Company. The authorized capital stock of the Mt. Pleasant and Keokuk was $1,500,000 par value, divided into shares of $100 par value each. The minute records of this company indicate that in acquisition of its property it issued $1,443,800 par value of capital stock and $961,840 par value of first-mortgage bonds to C. E. Perkins, representing the Burlington, holder of a majority of the securities of the Keokuk and Northwestern, in whose interest Perkins had purchased the property at foreclosure sale. The records reviewed indicate that the Mt. Pleasant and Keokuk issued $2,405,640 par value of stock and bonds, which was $1,205,640 more than the par value of the outstanding stock and bonds of the predecessor company. The records of the St. Louis, Keokuk & Northwestern show that in purchase of the property it issued $1,443,800 par value of capital stock and $961,840 par value of its first-mortgage bonds to retire the obligations of this company.

Keokuk and Northwestern Railroad

Introductory

The Keokuk and Northwestern Railroad Company was incorporated June 8, 1881, under the general laws of the State of Iowa, through the filing of articles of consolidation dated May 26, 1881, by the Keokuk, Mt. Pleasant & Northern Railroad Company and The Keokuk and North Western Railroad Company. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain information given below has been obtained from its minute books and other records on file. The company was controlled on March 1, 1889, the date of foreclosure sale, by the Burlington, through ownership of a majority of the capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporations. The property of the company was operated by the St. Louis, Keokuk and North Western Railway Company and its receiver under lease from the date of consolidation to February 1, 1888, and from that date to date of sale it was operated under lease by the St. Louis, Keokuk & Northwestern. The railroad owned on date of foreclosure sale consisted of 48.09 miles of single-track, standard-gauge railroad, extending from Keokuk to Mount Pleasant, Iowa. This road had been acquired in the consolidation of May 26, 1881. Details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

Keokuk, Mt. Pleasant & Northern Railroad

The Keokuk, Mt. Pleasant & Northern Railroad Company was incorporated May 13, 1879, under the general laws of the State of Iowa. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations or investments. However, certain information given below has been obtained from other sources. The company was controlled by A. B. Stone, president of the St. Louis, Keokuk and North Western Railway Company, on May 26, 1881, the date of consolidation, through ownership of a majority of the capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporations. The property was operated by the St. Louis, Keokuk and North Western Railway Company under lease from January 31, 1881, the date of completion, to date of the consolidation.

The railroad owned on date of consolidation consisted of 14.53 miles of single-track, standard-gauge railroad, extending from the south line of Henry County to Mount Pleasant, Iowa, and had been acquired by construction, which was performed under contract with A. B. Stone, dated September 13, 1880. The road was constructed on a portion of the right of way formerly owned by The Keokuk, Iowa City and Minnesota Railroad Company which was acquired by the Keokuk and North Western Rail Road Company. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

The Keokuk and North Western Railroad

The Keokuk and North Western Railroad Company was incorporated October 17, 1876, under the general laws of the State of Iowa. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain information given below has been obtained from other sources. The company was controlled by A. B. Stone, president of the St. Louis, Keokuk and North Western Railway Company, on May 26, 1881, the date of consolidation, through ownership of a majority of the capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property was operated by the St. Louis, Keokuk and North Western Railway Company under lease from the date of completion to date of consolidation.

The railroad owned on date of consolidation consisted of 33.56 miles of single-track, standard-gauge railroad, extending from Keokuk to a point on the north line of Lee County, near Salem, Iowa, which it had constructed in 1880 on a portion of the graded right of way formerly owned by The Keokuk, Iowa City and Minnesota Railroad Company, extending from Keokuk to Crawfordsville, acquired by purchase. The construction work was performed under contract with A. B. Stone, dated June 29, 1880. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

The Keokuk, Iowa City and Minnesota Railroad

The Keokuk, Iowa City and Minnesota Railroad Company was incorporated November 23, 1870, under the general laws of the State of Iowa, through the filing of articles of consolidation dated October 14, 1870, by the Keokuk and Minnesota Railway Company and the Iowa Northern Central Railroad Company. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations or investments. However, certain information given below has been obtained from other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on April 28, 1874, or April 11, 1877, the dates on which its property was conveyed by deeds executed by sheriffs under court decrees, nor, on the other hand, whether it then controlled any common-carrier corporation. The company did not own any completed railroad. It had completed the grading and bridges on the property extending from Keokuk to Mount Pleasant, Iowa, which had been acquired in the consolidation of October 14, 1870, and had acquired and partially graded right of way extending from Mount Pleasant, northerly via Crawfordsville and Washington, to the south bank of the Cedar River. Various suits filed by contractors who held mechanics' liens resulted in sheriffs' sales and conveyance of the property as follows:

[Property]	Conveyed to
Keokuk to north line of Lee County.	Guy Wells et al.
North line of Lee County to Crawfordsville.	Ambler and Snyder
Crawfordsville to South bank of Cedar River.	Prentice Ranson, trustee.

That portion of the road extending from Crawfordsville to Washington was sold by the trustee February 23, 1880, to The Burlington and Northwestern Railway, a predecessor of the Burlington, and the remainder, extending from Washington to Cedar River, was abandoned. The remainder of the road, extending from Keokuk to Crawfordsville, was conveyed to The Keokuk and North Western Railroad Company by deeds dated February 10, 1881, and April 18, 1881.

Keokuk and Minnesota Railway

The Keokuk and Minnesota Railway Company was incorporated October 2, 1869, under the general laws of the State of Iowa. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain information given below has been obtained from other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on October 14, 1870, the date of consolidation, nor, on the other hand, whether it then controlled any common-carrier corporation. The company had made a preliminary survey from Keokuk northerly, and had acquired some right of way, the extent of which could not be determined, but did not own any completed road on the date of consolidation.

Iowa Northern Central Railroad

The Iowa Northern Central Railroad Company was incorporated March 4, 1867, under the general laws of the State of Iowa. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain information given below has been obtained from other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on October 14, 1870, the date of consolidation, nor, on the other hand, whether it then controlled any common-carrier corporation. The company had made a survey of its proposed road from Mount Pleasant north to Cedar River and from Mount Pleasant south to Skunk River, Iowa. It had acquired some right of way and had constructed a grade from Mount Pleasant to Skunk River, but did not own any completed road on date of consolidation. The authorized capital stock was $3,000,000 par value, but the amount actually issued could not be determined from the records reviewed.

St. Louis, Keokuk and North Western Railway

Introductory

The St. Louis, Keokuk and North Western Railway Company was incorporated January 15, 1876, under the general laws of the State of Iowa, through the filing of articles of incorporation dated May 17, 1875. There are no available accounting records of the company for the period from the date it acquired the property of the Mississippi Valley and Western Railway Company (of January, 1873), June 22, 1875, to January 1, 1881. For that reason only partial information can be given from its accounts in connection with its financial dealings, corporate operations, or investments. Certain information given below has been obtained from its minute books and sources other than the accounting records of the company. The company was controlled on October 15, 1887, the date of foreclosure sale, by the Burlington, through ownership of a majority of the capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property owned by the company was operated by its own organization from the date acquired to July 7, 1887, and from that date to January 31, 1888, it was operated by a receiver.

The railroad owned on date of foreclosure sale was a single-track, standard-gauge road consisting of two separate lines, aggregating 128.84 miles. One line extended from Keokuk, Iowa, to West Quincy, Mo., 36.68 miles, the other from Moody to St. Peters, Mo., 92.16 miles. Of this road, 81.66 miles were acquired by construction and 47.18 miles through foreclosure sale of the Mississippi Valley and Western Railway Company (of January, 1873). In addition, about 60 miles of graded right of way between Canton and Glenwood, Mo., were acquired from the latter company. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

Mississippi Valley and Western Railway (of January, 1873)

The Mississippi Valley and Western Railway Company (of January, 1873) was incorporated January 20, 1873, under the general laws of the State of Missouri, through the filing of articles of consolidation by The Mississippi Valley Railroad Company, The Clarksville and Western Railroad Company and the Mississippi Valley and Western Railway Company (of March, 1871). No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations or investments. However, certain data given below were obtained from its minute books and other sources. The Mississippi Valley and Western (of January, 1873) was controlled by the Missouri Railway Construction Company on April 14, 1875, the date of foreclosure sale, through ownership of a majority of the capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property of the Mississippi Valley and Western (of January, 1873) was operated by its own organization until August 7, 1874, and from that date to the date of foreclosure sale it was operated by its mortgage trustees.

The railroad owned on date of foreclosure sale was a single-track, standard-gauge road, consisting of two separate lines, aggregating 47.18 miles. One extended from Buena Vista, Iowa, to West Quincy, Mo., 33.93 miles, the other from Moody to Hannibal, Mo., 13.25 miles. It also owned about 60 miles of graded right of way between Canton and Glenwood, Mo., and about 60 miles of partially graded right of way between St. Peters and Mud Lick Prairie, Mo. Of the completed road owned, on date of foreclosure sale, 33.93 miles had been acquired from the Mississippi Valley and Western (of March, 1871) in the consolidation of January, 1873, and 13.25 miles had been acquired by construction in 1874. Of the right of way owned, about 60 miles had been acquired from the Mississippi Valley and Western (of March, 1871) and about 60 miles from the Clarksville and Western in the consolidation of January, 1873. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

The Mississippi Valley Railroad

The Mississippi Valley Railroad Company was incorporated May 24, 1871, under the general laws of the State of Missouri. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data given below were obtained from other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on January 20, 1873, the date of consolidation, nor, on the other hand, whether it then controlled any common-carrier corporation. The company had made a preliminary survey of its proposed line, between West Quincy and Hannibal, Mo., and had acquired some right of way, the extent of which could not be determined. The authorized capital stock was $200,000 par value, divided into shares of $100 par value each. The amount actually issued or the considerations received in exchange therefor could not be determined.

The Clarksville and Western Railroad

The Clarksville and Western Railroad Company was incorporated January 15, 1870, under the general laws of the State of Missouri. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations or investments. However, certain information given below was obtained from other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on January 20, 1873, the date of consolidation, nor, on the other hand, whether it then controlled any common-carrier corporation. The property owned on date of consolidation consisted of right of way extending from St. Peters to Mud Lick Prairie, Mo., about 60 miles, on which the grading and some bridge work had been done under contract by the North Missouri Construction Company. The authorized capital stock was $500,000 par value, divided into shares of $100 par value each. The amount issued or the considerations received in exchange therefor could not be determined.

Mississippi Valley and Western Railway (of March, 1871)

The Mississippi Valley and Western Railway Company (of March, 1871) was incorporated March 10, 1871, under the general laws of the State of Missouri, through the filing of articles of consolidation dated January 30, 1871, by the Mississippi Valley and Western Railway Company (of February, 1871) and The Mississippi and Missouri River Air-Line Railroad Company. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations or investments. However, certain data given below were obtained from other sources. The records reviewed indicate that the Mississippi Valley and Western (of March, 1871) was controlled by the Missouri Railway Construction Company on January 20, 1873, the date of consolidation, through ownership of a majority of the capital stock. On the other hand, this company, itself, did not control any common-carrier corporation. The property of the company was operated by its own organization from the dates of completion to date of consolidation.

The railroad owned consisted of 33.93 miles of single-track, standard-gauge railroad, extending from West Quincy, Mo., to Buena Vista, Iowa. Of this 14 miles was acquired by completion of road on the graded right of way acquired from the Mississippi and Missouri River Air-Line, and 19.93 miles by construction. The construction work was performed by the Missouri Railway Construction Company under contract. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

Mississippi Valley and Western Railway (of February, 1871)

The Mississippi Valley and Western Railway Company (of February, 1871) was incorporated February 8, 1871, under the general laws of the State of Iowa, through articles of incorporation dated January 25, 1871. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations or investments. However, certain data given below were obtained from other sources. The records reviewed do not indicate that the company was controlled by any individual or corporation on January 30, 1871, the date of consolidation, nor, on the other hand, whether it then controlled any common-carrier corporations. This consolidation followed immediately after the organization of the company and the records reviewed do not indicate that any property had been acquired.

The Mississippi and Missouri River Air-Line Railroad

The Mississippi and Missouri River Air-Line Railroad Company was incorporated April 22, 1870, under the general laws of the State of Missouri, through the filing of articles of consolidation dated April 1, 1870, by the Mississippi and Missouri River Air-Line Railroad Company and the Alexandria, Canton, La Grange and West Quincy Railroad Company. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations or investments. However, certain data given below were obtained from other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on January 25, 1871, the date of the articles of consolidation, nor, on the other hand, whether it then controlled any common-carrier corporation.

The company did not own any completed railroad on the date of consolidation, but had completed grading of the right of way, between Canton and West Quincy, Mo., which it acquired from the Mississippi and Missouri River Air-Line Railroad Company.

Mississippi and Missouri River Air-Line Railroad

The Mississippi and Missouri River Air-Line Railroad Company was incorporated February 17, 1857, under a special act of the State of Missouri. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations or investments. However, certain data given below were obtained from other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on April 8, 1870, the date of consolidation, nor, on the other hand, whether it then controlled any common-carrier corporation.

This company acquired by purchase from the Canton and Bloomfield Railroad Company a partially graded right of way extending westerly from Canton, Mo., about 20 miles, on which it completed construction of 15 miles of road. This completed road was operated by the company's own organization from April to June, 1861, when the rail and equipment was seized and removed by the United States military authorities as a military necessity. No further construction was done by the company until 1868, 1869, and 1870, when right of way had been acquired and grading completed to Glenwood, Mo., about 60 miles west of Canton. However, no part of the road between Canton and Glenwood was again reconstructed or completed by this company or its successors. During the period 1868 to April 8, 1870, the company had acquired and graded a right of way between Canton and West Quincy, Mo., about 14 miles.

Canton and Bloomfield Railroad

The Canton and Bloomfield Railroad Company was incorporated February 27, 1851, under a special act of the State of Missouri. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations or investments. However, certain data given below were obtained from other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on June 25, 1860, the date of sale, nor, on the other hand, whether it then controlled any common-carrier corporations. The company had not completed any part of its proposed railroad to date of sale, but had acquired and partially graded right of way from Canton, Mo., westerly about 20 miles and had purchased some rail. The authorized capital stock was $1,200,000 par value, divided into shares of $100 par value each. The records reviewed do not indicate whether any stock had been issued to date of sale.

Alexandria, Canton, La Grange and West Quincy Railroad

The Alexandria, Canton, La Grange and West Quincy Railroad Company was incorporated February 15, 1865, under a special act of the State of Missouri. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data given below were obtained from other sources. The records reviewed do not indicate whether the company was controlled by any individual or corporation on April 8, 1870, the date of consolidation, nor, on the other hand, whether it then controlled any common-carrier corporation. The company had made surveys for its proposed road, between Canton and Alexandria, Mo., but no other construction work had been performed to date of consolidation. The authorized capital stock was $1,000,000 par value divided into shares of $50 par value each. The records reviewed indicate that a total of $2,800 par value had been issued to date of consolidation, but the consideration received in exchange therefor could not be determined.

The Chicago, Burlington and Kansas City Railway

Introductory

The Chicago, Burlington and Kansas City Railway Company was incorporated under the general laws of the States of Missouri and Iowa, through articles of consolidation dated August 16, 1881, and filed in Missouri on January 12, 1882, and in Iowa on November 2. 1881. It was a consolidation of the Kansas City, St. Joseph and Burlington Railway Company and the Chicago, Burlington and Kansas City Railway Company, and was also a reorganization of the Burlington and Southwestern Railway Company (of 1871) and of the Linneus Branch of the Burlington and Southwestern Railway. The company was controlled on January 1, 1901, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property of this company was operated by its own organization from the date acquired by it until July 1, 1900; and was operated under lease by the Burlington from the latter date to the date of sale. Although this company acquired its first property by deed dated February 27, 1882, it recorded the results of operation thereof by the purchasing trustee, from September 1, 1880. The railroad owned on the date of sale a single-track, standard-gauge, steam railroad aggregating 181.85 miles, and consisting of a line extending from Viele, Iowa, to Carrollton, Mo., all in Iowa and Missouri. Of the road owned the company had acquired 88.89 miles through reorganization from the Burlington and Southwestern (of 1871) and 53.06 miles through reorganization from the Linneus Branch of the Burlington and Southwestern. It acquired the remaining 39.90 miles through construction between 1882 and 1885, except that an old grade between Laclede and Sumner, Mo., formerly owned by the Missouri Central Rail Road Company, was acquired and used.

Kansas City, St. Joseph and Burlington Railway

The Kansas City, St. Joseph and Burlington Railway Company was incorporated May 30, 1881, under the general laws of the State of Missouri. The records reviewed indicate that this company did not acquire any railroad property, issue any securities, or maintain any accounting records. This company and the Chicago, Burlington and Kansas City Railway Company were incorporated under the plan of reorganization of the Burlington and Southwestern Railway Company (of 1871) and the Linneus Branch of the Burlington and Southwestern Railway. After the two companies first named were consolidated August 16, 1881, to form the Chicago, Burlington and Kansas City, the properties of the companies reorganized were conveyed to the consolidated company.

Chicago, Burlington and Kansas City Railway

The Chicago, Burlington and Kansas City Railway Company was incorporated September 3, 1880, under the general laws of Iowa. The records reviewed indicate that the company did not acquire any railroad property, issue any securities, or maintain any accounting records. This company and the Kansas City, St. Joseph and Burlington Railway Company were incorporated under the plan of reorganization of the Burlington and Southwestern Railway Company (of 1871) and the Linneus Branch of the Burlington and Southwestern Railway. After the two companies first named were consolidated August 16, 1881, to form The Chicago, Burlington and Kansas City, the properties of the companies reorganized were conveyed to the consolidated company.

Burlington and Southwestern Railway (of 1871), Formerly Named Burlington, Fort Madison and Southwestern Railway

Introductory

The Burlington and Southwestern Railway Company (of 1871) was incorporated April 16, 1870, under the general laws of the State of Iowa, through the filing of articles of consolidation dated April 2, 1870, by the Fort Madison, Farmington and Western Railroad Company and the Burlington and Southwestern Railway Company (of 1870). It was incorporated under the original name, Burlington, Fort Madison and Southwestern Railway Company, which was changed July 12, 1871, to the name shown first above. The Burlington and Southwestern (of 1871) continued the accounting records of its predecessor companies, the Burlington and Southwestern (of 1870) and the Burlington and Southwestern (of 1869). Therefore, the available information pertaining to the financial dealings and investments of the three companies can not be separately stated, but is given in this report on the Burlington and Southwestern (of 1871). The records reviewed do not indicate whether or not the Burlington and Southwestern (of 1871) was controlled by any individual, association, or corporation on November 27 and 30, 1880, the date of sale following foreclosure. On the other hand, the Burlington and Southwestern (of 1871) controlled, managed the corporate and financial affairs of, and operated the property of the Linneus Branch of the Burlington and Southwestern, under conditions stated in the report on the latter company. The financial dealings, results of operations, and investments applicable to the Linneus Branch of the Burlington and Southwestern were inseparably recorded in the books of the Burlington and Southwestern (of 1871) and therefore all information pertaining thereto is given in this report on the Burlington and Southwestern (of 1871). The property of the Burlington and Southwestern (of 1871) was operated by its own organization from the date that the first section of road was completed until August 11, 1873; was operated under lease by Eber B. Ward from the latter date until October 9, 1874; and was operated by receivers from the last-named date until September 1, 1880. From September 1, 1880, it was operated by the trustee and the results of such operations were included in the accounts of the successor company. The railroad operated for the Burlington and Southwestern (of 1871) on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 141.95 miles, located in Iowa and Missouri. The owned mileage amounted to 88.89 miles, and consisted of lines extending from Viele to Bloomfield, Iowa, and from Moulton, Iowa, to Unionville, Mo. The mileage operated under lease amounted to 53.06 miles, and consisted of a line extending from Unionville to Laclede, Mo., and owned by the Linneus Branch of the Burlington and Southwestern. In addition, the Burlington and Southwestern (of 1871) had trackage rights over other carriers' mileage extending from Burlington to Viele, Iowa, and from Bloomfield to Moulton, Iowa.

Development of Fixed Physical Property

The road owned on the date of sale had been acquired partly through consolidation, partly through purchase, and partly through construction. The company acquired in the consolidation some partly constructed road on the line between Viele, Iowa, and the Iowa-Missouri State line and on the line extending west from Rulo, Nebr. It acquired through purchase from the St. Joseph and Iowa Railroad Company a grade from the Iowa-Missouri State line to Unionville, Mo. It completed the construction of 96.89 miles of road during the period from 1870 to 1873, inclusive, of which 8 miles extending west from Rulo, Nebr., was sold on November 9, 1870, to an individual who later transferred title to the Atchison and Nebraska Railroad Company, a Burlington predecessor. The construction of the 58.80 miles of road extending from Viele to Bloomfield, Iowa, and the 8 miles of road extending west from Rulo, Nebr., was performed under contract by the Mississippi and Missouri Railway Construction Company, an affiliated company. The remaining 30.09 miles of road was constructed partly by the same construction company, partly by J. W. Barnes, a subcontractor, and partly by the railway company's own forces.

Fort Madison, Farmington and Western Railroad

The Fort Madison, Farmington and Western Railroad Company was incorporated under the general laws of the State of Iowa, through articles dated December 15, 1869, and filed with the secretary of state for the State of Iowa on April 8, 1870. No records of this company have been obtained. Therefore, no information can be given regarding its financial dealings or investments. The records reviewed do not indicate whether or not the company was controlled by any individual, association, or corporation on April 2, 1870, the date of consolidation, nor, on the other hand, whether or not the company, itself, controlled any common-carrier corporation. This company made some surveys and acquired some right of way extending westerly from Viele, Iowa, but had not completed any road at date of consolidation. The authorized capital stock was $10,000,000 par value, but the amount issued, if any, has not been ascertained.

Burlington and Southwestern Railway (of 1870)

The Burlington and Southwestern Railway Company (of 1870) was incorporated April 16, 1870, under the general laws of the State of Iowa, through the filing of articles of consolidation dated February 18, 1870, by the Burlington and Southwestern Railway Company (of 1869) and the Iowa and Missouri State Line Railroad Company. This company continued the accounting records of its predecessor company, the Burlington and Southwestern (of 1869), which records were also continued by its successor company, the Burlington and Southwestern (of 1871). The available information pertaining to the financial dealings and investments of the three companies has been given in the report on the last-named company. The records reviewed do not indicate whether or not this company was controlled by any individual, association, or corporation on April 2, 1870, the date of consolidation, nor, on the other hand, whether or not the company, itself, controlled any common-carrier corporation. This company acquired from its predecessor companies some partly graded right of way extending westerly from Rulo, Nebr., and some right of way extending westerly from Farmington, Iowa. It acquired some additional right of way and performed some construction work on both sections, but had not completed any road on the date of consolidation.

Burlington and Southwestern Railway (of 1869)

The Burlington and Southwestern Railway Company was incorporated August 10, 1869, under the general laws of the State of Iowa. The accounting records of this company were continued by its successor companies, the Burlington and Southwestern (of 1870) and the Burlington and Southwestern (of 1871). The available information pertaining to the financial dealings and investments of the three companies has been given in the report on the last-named company. The records reviewed do not indicate whether or not this company was controlled by any individual, association, or corporation on February 18, 1870, the date of consolidation, nor, on the other hand, whether or not this company, itself, then controlled any common-carrier corporation. This company had made some surveys, acquired some right of way, and performed some grading extending from Rulo, Nebr., westerly, but had not completed any road on the date of consolidation.

Iowa and Missouri State Line Railroad

The Iowa and Missouri State Line Railroad Company was incorporated July 28, 1859, under the general laws of the State of Iowa. No records of this company have been obtained. Therefore, no information can be given regarding its financial dealings or investments. The records reviewed do not indicate whether or not this company was controlled by any individual, corporation, or association on February 18, 1870, the date of consolidation, nor, on the other hand, whether or not this company, itself, then controlled any common-carrier corporation. This company made some surveys and acquired some right of way extending from Farmington, Iowa, westerly, but had not completed any road on the date of consolidation. The authorized capital stock was $6,000,000 par value, but the amount issued, if any, has not been ascertained.

Linneus Branch of the Burlington and Southwestern Railway, Formerly Named Central North Missouri Branch of the Saint Joseph and Iowa Railroad

This corporation was incorporated under the general laws of the State of Missouri relating to branch-line railroads, with authority to build a branch line connecting with the road of the St. Joseph and Iowa Railroad Company, not a Burlington predecessor. The incorporation was effected by a resolution of the board of directors of the St. Joseph and Iowa which was filed April 19, 1871, with the secretary of state for the State of Missouri. The Burlington and Southwestern Railway Company (of 1871) acquired the St. Joseph and Iowa's interest in the branch-line corporation on May 23, 1871, and accordingly the name of the branch-line corporation was changed from Central North Missouri Branch of the Saint Joseph and Iowa Railroad to Linneus Branch of the Burlington and Southwestern Railway, as of August 1, 1871. The corporate and financial transactions of this company were conducted by the Burlington and Southwestern (of 1871), and the financial dealings, results of operation, and investments applicable to the former corporation were inseparably recorded in the books of the latter company. The company was controlled on November 30, 1880, the date of sale, by the Burlington and Southwestern (of 1871). On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporations. This property was always operated by the Burlington and Southwestern (of 1871).

The railroad owned on date of sale was a single-track, standard-gauge, steam railroad, aggregating 53.06 miles, and consisting of a line extending from Unionville to Laclede, all in Missouri. The property had been acquired by construction during the period 1871 to 1876, except that an old grade, formerly owned by the North Missouri Central Rail Road Company, was acquired and used. The construction work was performed under the supervision of the Burlington and Southwestern (of 1871), and the actual construction work was performed partly by the Mississippi and Missouri Railway Construction Company, partly by J. W. Barnes, a subcontractor, partly by the Burlington and Southwestern (of 1871), and partly by Elijah Smith, receiver. In the statement of securities issued by the Burlington and Southwestern (of 1871), as stated in the report on that company, there are included $887,200 par value of capital stock and $1,600,000 par value of bonds issued for this company.

The Burlington and Western Railway

Introductory

The Burlington and Western Railway Company was incorporated July 29, 1881, under the general laws of the State of Iowa. This company was controlled on December 1, 1903, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property of this company was operated by its own organization from 1882, the date that the first construction was completed, to July 1, 1902. From the latter date until the date of sale it was operated under lease by the Burlington. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 121.20 miles, consisting of lines extending from Winfield to Tracy and from Mediapolis to Washington, all in Iowa, of which 37.27 miles was acquired by purchase from the Burlington and Northwestern Railway on June 20, 1902, and the remaining 83.93 miles by construction. Further details with respect to the construction of the above mileage are given in the chapter on development of fixed physical property in the report on the Burlington. The 37.27 miles of road purchased and 70.77 miles of the road constructed were originally narrow-gauge, which was changed to standard gauge during the year 1902.

The Burlington and Northwestern Railway, Formerly Named Burlington and Northwestern Narrow Gauge Railway

Introductory

The Burlington and Northwestern Railway was incorporated June 18, 1875, under the general laws of the State of Iowa, as the Burlington and Northwestern Narrow Gauge Railway Company. Its name was changed July 22, 1876. The company was controlled on June 20, 1902, the date of sale, by the Burlington, through ownership of a majority of its capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property of this company was operated by its own organization from December 10, 1876, the date that the first construction was completed, to date of sale. The railroad owned on date of sale was a single-track, narrow-gauge, steam railroad, aggregating 37.27 miles, and consisting of a line extending from Mediapolis, via Winfield, to Washington, all in Iowa. In addition, this company had laid a third rail on and had trackage rights over about 14 miles of road owned by another carrier, which extended from Mediapolis to Burlington, Iowa. This road had been constructed between December, 1875, and May 1, 1880, except that a right of way, with a partially graded roadbed thereon, between Crawfordsville and Washington, Iowa, formerly owned by The Keokuk, Iowa City and Minnesota Railroad Company, was acquired and used.

The Quincy Rail Road Bridge Company

Introductory

The Quincy Rail Road Bridge Company was incorporated in the States of Illinois and Missouri, by a special act of the Legislature of the State of Illinois, approved February 6, 1867, and under the general laws of the State of Missouri through articles of consolidation dated November 20, 1866, and filed December 4, 1866. The company was controlled on December 1, 1903, the date of sale, by the Burlington, through ownership of its entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any other common-carrier corporation. The property of this company was always operated under lease, as follows: From November 9, 1868, the date construction was completed, to January 31, 1875, jointly by the Burlington, the Hannibal and St. Joseph Railroad Company, and the Toledo, Wabash & Western Railroad Company; from February 1, 1875, to June 30, 1900, jointly by the Burlington and the Hannibal and St. Joseph; and from July 1, 1900, to date of sale, solely by the Burlington. On date of sale it consisted of bridges across Quincy Bay and the Mississippi River, together with 1.5 miles of track extending from Quincy to the west side of the Mississippi River, all in Illinois and Missouri. This road had been constructed by the company during the years 1867 and 1868. The bridge across the Mississippi River was reconstructed during the years 1897, 1898, 1901, and 1902, in connection with which the east seven spans, comprising about one-third of the bridge, were removed, except the foundation work, and the space previously crossed by these spans was filled in. A highway for vehicular and pedestrian traffic on the bridge was provided during the reconstruction period.

The Quincy Bridge Company

The Quincy Bridge Company was incorporated March 28, 1866, under the general laws of the State of Missouri. The records reviewed do not indicate that it issued any securities or that it had acquired any property prior to November 20, 1866, the date of consolidation.

The Railroad Bridge Company

The Railroad Bridge Company was incorporated February 10. 1853, by a special act of the Legislature of the State of Illinois. The records reviewed do not indicate that it issued any securities or that it had acquired any property prior to November 20, 1866, the date of consolidation.

Iowa & St. Louis Railway

Introductory

The Iowa & St. Louis Railway Company was incorporated May 18, 1901, under the general laws of the State of Missouri. The company was controlled on December 1, 1903, the date of sale, by the Burlington through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property of this company was operated by its own organization from the date of completion to September 1, 1903. From the latter date to date of sale it was operated under lease by the Burlington. The property consisted of 52 miles of single-track, standard-gauge, steam railroad, extending from Elmer, Mo., to Sedan, Iowa, and had been acquired by construction during 1901, 1902, and 1903. About 10.66 miles of road was constructed by the forces of the company and 48.34 miles in part by the Gerard Construction Company and in part by the Burlington. Of the 10.66 miles of road constructed by the company's own forces, 7 miles were subsequently abandoned and 3.66 miles reconstructed. Further details with respect to construction are given in the chapter on development of fixed physical property in the report on the Burlington.

The Jacksonville and Saint Louis Railway

Introductory

The Jacksonville and Saint Louis Railway Company was incorporated July 2, 1896, under the general laws of the State of Illinois, as a reorganization of The Jacksonville, Louisville & St. Louis Railway Company. The company was controlled on July 1, 1905, the date of sale, by the Burlington, through ownership of its entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any other common-carrier corporation. The property of this company was operated by its own organization from the date its first section was acquired, October 1, 1896, to July 1, 1904, and was operated under lease from July 2, 1904, until the date of sale. The railroad owned was a single-track, standard-gauge, steam railroad, aggregating 121.86 miles, and consisting of a line extending from Concord to Centralia, all in Illinois, of which the 111.9 miles was acquired through reorganization from the Jacksonville, Louisville & St. Louis on October 1, 1896, and 9.96 miles through purchase from the Jacksonville & Concord Railway Company on July 1, 1904.

Jacksonville & Concord Railway

The Jacksonville & Concord Railway Company was incorporated September 24, 1903, under the general laws of the State of Illinois. This company maintained no accounting records. The information given below pertaining to its financial dealings and investments has been taken from the records of the Burlington. The company was organized by the Burlington, and on July 1, 1904, the date of sale, was controlled by it through advances made for construction. On the other hand, the records reviewed indicate that this company, itself, did not control any other common-carrier corporation. The property was operated under lease by The Jacksonville and Saint Louis Railway Company from the date construction was completed in February or March, 1904, until date of sale. The railroad owned by this company on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 9.96 miles, extending from Concord to Jacksonville, all in Illinois. This property had been constructed for it by the Burlington during the years 1903 and 1904. The records reviewed indicate that the entire authorized capital stock of $300,000 par value was issued without recorded consideration to, and held by, the Burlington, which made the construction advances. This stock was actually outstanding on the date of sale, being held by the Burlington. According to the Burlington's records, that company expended $283,685.72 cash in constructing this property. The Burlington recorded these expenditures as advances, but later transferred them to its investment in road and equipment account at the time it acquired the property of the company's successor and thereby acquired the property represented by these expenditures.

The Jacksonville, Louisville & St. Louis Railway

Introductory

The Jacksonville, Louisville & St. Louis Railway Company was incorporated January 18, 1890, under the general laws of the State of Illinois, as a reorganization of The Jacksonville Southeastern Railway Company. The accounting records of this company are incomplete, therefore only partial information can be given regarding its financial dealings, results of corporate operations, and investments. The company was controlled on June 29, 1896, the date of sale, by the Chicago, Peoria and St. Louis Railroad Company, through ownership of a majority of its capital stock. On the other hand, the records reviewed do not indicate that this company, itself, then controlled any common-carrier corporation. The property of this company was operated by its own organization from January 23, 1891, the date of acquisition, until April 23, 1896, and was operated by a receiver from the latter date until October 1, 1896. The operations for part of the period were conducted jointly with the Chicago, Peoria and St. Louis and other companies, under a system plan. The railroad owned on date of sale was a single-track, standard-gauge, steam railroad, aggregating 111.9 miles and consisting of a line extending from Jacksonville to Centralia, all in Illinois, which had been acquired through reorganization from the Jacksonville Southeastern.

The Jacksonville Southeastern Railway

Introductory

The Jacksonville Southeastern Railway Company was incorporated June 28, 1879, under the general laws of the State of Illinois, as a reorganization of the Jacksonville, North Western and South Eastern Railway Company. The accounting records of this company are missing for certain periods, and the available records are incomplete. Therefore, only partial information can be given regarding its financial dealings, results of corporate operations, and investments. The records reviewed do not indicate whether or not this company was controlled by any individual, association, or corporation on October 4, 1890, the date of sale after foreclosure; nor, on the other hand, whether the company then controlled any common-carrier corporation. The property of this company was operated by its own organization from the date of acquisition thereof until February 27, 1890, and was operated by a bondholders' committee from February 27, 1890, until January 23, 1891. The operations prior to February 27, 1890, were conducted jointly with the Chicago, Peoria and St. Louis Railroad Company and other companies, under a system plan. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 111.9 miles, and consisting of a line extending from Jacksonville to Centralia, all in Illinois, of which 30.7 miles had been acquired through reorganization from the Jacksonville, North Western and South Eastern and 81.2 miles by construction. Further details with respect to the construction of this mileage are given in the chapter devoted to development of fixed physical property in the report on the Burlington.

The Jacksonville, North Western and South Eastern Railway

Introductory

The Jacksonville, North Western and South Eastern Railway Company was incorporated February 23, 1867, by a special act of the Legislature of the State of Illinois. No accounting records of this company were obtained. The only information given in this report pertaining to its financial dealings and investments has been taken from reports to the Illinois Railroad and Warehouse Commission. This company was controlled on July 15, 1879, the date of sale, by Williams S. Hook of Jacksonville, Ill., and associates, through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company, itself, then controlled any common-carrier corporation. The property of this company was operated by its own organization from the date that construction was completed, sometime prior to July, 1872, until the date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 30.7 miles, and extended from Jacksonville to Virden, all in Illinois, of which 13 miles was acquired by purchase from The Illinois Farmers' Railroad Company on July 10, 1872, and 17.7 miles by construction which was begun in 1870 and completed sometime prior to July, 1872.

The Illinois Farmers' Railroad

The Illinois Farmers' Railroad Company was incorporated February 28, 1867, by a special act of the Legislature of the State of Illinois. No records of this company were obtained. Therefore no information can be given regarding its financial dealings, results of corporate operations, or investments. The records reviewed do not indicate whether or not this company was controlled by any individual, association, or corporation on July 10, 1872, the date of sale, nor, on the other hand, whether it then controlled any other common-carrier corporation. The property of this company was operated by its own organization from the date construction was completed in 1870, to date of sale. The railroad owned was a single-track, standard-gauge, steam railroad, aggregating about 13 miles, and extending from Jacksonville to Franklin, all in Illinois, which had been acquired through construction, which was completed during the year 1870. The authorized amount of capital stock was $500,000 par value, but the amount of stock or other securities issued by this company and the considerations received in exchange therefor have not been ascertained. The considerations named in the deed of sale of the property to the successor company was $217,540.56.

Fenton and Thomson Railroad

Introductory

The Fenton and Thomson Railroad Company was incorporated June 10, 1903, under the general laws of the State of Illinois. This company did not maintain accounting records. The information given in this report pertaining to its financial dealings has been taken from records of the Burlington. The company was always controlled by the Burlington, which owned the entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property was operated under lease by the Burlington from January 1, 1905, the date that construction was completed, until March 1, 1906, the date of sale. The railroad owned was a single-track, standard-gauge, steam railroad, aggregating 12.7 miles, and extending from Fenton Junction to Ebner, all in Illinois, which had been constructed between November, 1903, and December, 1904, inclusive, by the Burlington.

Burlington and Colorado Railroad

Introductory

The Burlington and Colorado Railroad Company was incorporated September 13, 1881, under the general laws of the State of Colorado. This company, itself, did not maintain accounting records. The information given in this report pertaining to its financial dealings and investments have been taken from the records of the Burlington. The company was always controlled by the Burlington through ownership of its entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property was operated under a lease by the Burlington from the date the first section of road was completed in March, 1882, to February 15, 1908, the date of sale, and consisted of 174.89 miles of single-track, standard-gauge, steam railroad, extending from the Nebraska-Colorado State line, near Laird, Colo., to Denver, Colo., which had been constructed for the company by the Burlington between October 1, 1881, and May 29, 1882.

The Nebraska and Colorado Railroad

Introductory

The Nebraska and Colorado Railroad Company was incorporated July 30, 1883, under the general laws of the State of Nebraska. This company, itself, did not maintain accounting records. The information given in this report pertaining to its financial dealings and investments has been taken from the records of the Burlington. The company was always controlled by the Burlington through ownership of the entire capital stock. On the other hand, the records reviewed do not indicate that this company, itself, ever controlled any common-carrier corporation. The property was operated under lease by the Burlington from the date the first section of road was completed, November 15, 1883, to February 15, 1908, the date of sale. The railroad owned consisted of 430.71 miles of single-track, standard-gauge, steam railroad, all in Nebraska. Its main line extended from De Witt to the Colorado-Nebraska State line, near Venango, 298.32 miles. Its branch lines extended from Strang Junction to Chester, 29.76 miles; West Strang Junction to Fairmont, 15.43 miles; Edgar to Superior, 26.53 miles; and from Kenesaw to Oxford Junction, 60.67 miles. This road had been acquired by construction, the construction work being performed by forces of the Burlington. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

The Colorado and Wyoming Railroad

Introductory

The Colorado and Wyoming Railroad Company was incorporated March 16, 1887, under the general laws of the State of Colorado. This company, itself, did not maintain accounting records. The information given in this report pertaining to its financial dealings or investments has been taken from the records of the Burlington. The company was always controlled by the Burlington through ownership of the entire capital stock. On the other hand, the records reviewed do not indicate that this company, itself, ever controlled any common-carrier corporation. The property was operated under lease by the Burlington from the date the first section of road was completed, September 27, 1887, to February 15, 1908, the date of sale. It consisted of 144.58 miles of single-track, standard-gauge, steam railroad, within Colorado, extending from the Colorado-Nebraska State line near Holyoke, Colo., westwardly and northwestwardly to the Colorado-Wyoming State line, near Carpenter. The company also graded about 12 miles of line between Holyoke, Colo., and the Colorado-Nebraska State line on Frenchman Creek, but work on this line was discontinued in 1887 and it was never completed. The entire road had been acquired by construction between March 19, 1887, and December 11, 1887, the construction being performed under contract by the Burlington. Details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

Cheyenne and Burlington Railroad

Introductory

The Cheyenne and Burlington Railroad Company was incorporated April 6, 1887, under the general laws of the State of Wyoming. This company, itself, did not maintain accounting records. The information given in this report pertaining to its financial dealings or investments has been taken from the records of the Burlington. The company was always controlled by the Burlington through ownership of its entire capital stock. On the other hand, the records reviewed do not indicate that this company, itself, ever controlled any common-carrier corporation. The property was operated by the Burlington under lease from the date of completion December 11, 1887, to February 15, 1908, date of sale. The railroad owned consisted of 29.01 miles of single-track, standard-gauge, steam railroad located in Wyoming, and extending from the Colorado-Wyoming State line near Carpenter to Cheyenne. The road had been acquired by construction between April, 1887, and December 11, 1887, the construction being performed under contract, by the Burlington. Details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

Nebraska Railway

Introductory

The Nebraska Railway Company was incorporated October 15, 1875, under the general laws of Nebraska through the filing of articles of consolidation dated July 9, 1875, by the Midland Pacific Railway Company and The Brownville, Fort Kearney and Pacific Rail Road Company. The only books of account kept by the company that were obtained were those covering operating accounts of this company and its predecessor for the period from May 1, 1875, to July 31, 1876. Subsequent to July 31, 1876, this company did not maintain accounting records. The information given in this report pertaining to its financial dealings or investments has been taken from the records of the Burlington and Missouri River Rail Road Company in Nebraska and the Burlington, lessees of the property. The company was controlled on February 15, 1908, the date of sale, by the Burlington through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company, itself, then controlled any common-carrier corporation. The property of this company was operated by its own organization from the date it acquired its property until July 31, 1876. From that date to July 26, 1880, it was operated under lease by the Nebraska Company. From the latter date to the date of sale it was operated under lease by the Burlington. The railroad owned amounted to 141.73 miles of single-track, standard-gauge, steam railroad extending from Nebraska City Junction, Iowa, to York, Nebr., 114.73 miles, and from Nebraska City to Nemaha, Nebr., 27 miles. Of the road owned 100.94 miles had been acquired from the Midland Pacific Railway Company. 4 miles from The Brownsville, Fort Kearney and Pacific Rail Road Company and 86.79 miles by construction. The construction work was all performed by forces of the Nebraska Company and the Burlington. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

Midland Pacific Railway

Introductory

The Midland Pacific Railway Company was incorporated January 3, 1868, under the general laws of the State of Nebraska. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from its minute book and other records in possession of the Burlington. The company was controlled by J. N. Converse and associates, contractors, on July 9, 1875, the date of consolidation through ownership of a majority of the capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. This company owned on the date of consolidation 100.94 miles of railroad, extending from Eddy's Switch to Seward, via Nebraska City, all in Nebraska, which had been acquired by construction. The construction work was performed by J. N. Converse & Company. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington. The property of the company was operated by J. N. Converse & Company, construction contractors, from the date construction was completed until May 1, 1875. From the latter date until the date of consolidation the property was operated by its own organization, but the results of such operations are included in the accounts of the successor company.

The Brownville, Fort Kearney and Pacific Rail Road

Introductory

The Brownville, Fort Kearney and Pacific Rail Road Company was incorporated June 17, 1867, in the State of Nebraska. No accounting records of the company were obtained; therefore, no information can be given from its accounts regarding its financial dealings or investments. However, certain data indicated below were obtained from its minute book and other records in possession of the Burlington. The company was controlled by J. N. Converse and associates, contractors, on July 9, 1875, the date of consolidation, through ownership of a majority of the capital stock. On the other hand, the records reviewed do not indicate whether this company controlled any common-carrier corporation. This company owned but did not operate on the date of consolidation about 4 miles of railroad extending from Brownville to Eddy's Switch, Nebr., all acquired by construction during 1871. The company also completed at that time about 6 miles of road extending from Eddy's Switch westerly toward Tecumseh, Nebr. During 1871 and 1872 the grade was completed and bridges built to a point about 30 miles east of Tecumseh, Nebr. No part of the road, except the 4 miles between Brownville and Eddy's Switch, was ever used, the line west of Eddy's Switch being abandoned and the track taken up. Subsequent to the date of consolidation of July 9, 1875, the mortgage on this property securing the bonds dated August 1, 1872, was foreclosed and by decree entered June 20, 1884, the property was ordered sold. On September 25, 1884, the property was sold to C. E. Perkins, as trustee, representing the Burlington, which held all the bonds; and by deed dated April 29, 1889, Perkins deeded the property to the Nebraska Railway Company. The records reviewed do not indicate the reason for the foreclosure and sale of this particular section of road after it passed to the Nebraska Railway Company through the consolidation of July 9, 1875.

The Lincoln and North Western Railroad

Introductory

The Lincoln and North Western Railroad Company was incorporated April 21, 1879, under the general laws of the State of Nebraska. This company did not continue its accounting records after January 1, 1880, the date that its property was leased to the Burlington. The company was controlled on February 15, 1908, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property of the company was operated by its own organization from September 18, 1879, the date first construction was completed, to December 31, 1879; and was operated under lease by the Burlington from January 1, 1880, to date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 76.64 miles, all located in Nebraska and extending from Lincoln to Columbus.

Development of Fixed Physical Property

The road owned on the date of sale had been acquired through construction. Further details with respect to the construction of this property are given in the chapter devoted to development of fixed physical property in the report on the Burlington. The original 73.40 miles of road was constructed by John Fitzgerald, a nonaffiliated contractor. During 1900 and 1907, a portion of the original line extending from Cushman Junction to a point 2 miles west of Milford, Nebr., was relocated and reconstructed. The mileage abandoned amounted to 17.94 miles, and the mileage reconstructed amounted to 21.18 miles, thus increasing the original mileage by 3.24 miles. The reconstruction work was performed by the Burlington.

Atchison and Nebraska Railroad

Introductory

The Atchison and Nebraska Railroad Company was incorporated under the general laws of Nebraska and Kansas through articles of consolidation, dated August 10, 1871, filed in Nebraska October 21, 1871, and in Kansas November 2, 1871, by The Atchison, Lincoln and Columbus Railroad Company and The Atchison and Nebraska Rail Road Company. It was controlled on February 15, 1908, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed indicated that this company jointly controlled with other companies the Atchison Union Depot and Railroad Company, which operated its own common-carrier property. Although the articles of consolidation forming the company were dated August 10, 1871, as stated above, the books of account record certain construction expenditures beginning September, 1870, and results of corporate operations beginning January, 1871, appertaining to the predecessor companies, but are not separable. The accounts were discontinued January 1, 1880, the date the property was leased to the Burlington. With the exception of certain information with respect to its financial dealings and investments for the period subsequent to January 1, 1880, obtained from the accounts of the Burlington, the accounting data in this report, therefore, cover the period from September, 1870, to December 31, 1879. The property of this company was operated by its own organization from the date it acquired its property until January 1, 1880. From the latter date until the date of sale its property was operated by the Burlington. The railroad owned by the company on date of sale amounted to 148.37 miles of single-track, standard-gauge, steam railroad located in Kansas, Nebraska, and Missouri. Its main line extended from Atchison, Kans., to Lincoln, Nebr., 144.95 miles, and its branch line from Rulo, Nebr., to Fortesque, Mo., 3.42 miles, including a steel bridge across the Missouri River. Of this mileage, the company had acquired 37.24 miles from the Atchison and Nebraska Rail Road Company, 10.31 miles from the Atchison, Lincoln and Columbus, 8 miles from the Burlington and Southwestern Railway Company, and 92.82 miles by construction. The construction work was performed partly by contract and partly by the company's own forces. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

The Atchison, Lincoln and Columbus Railroad

The Atchison, Lincoln and Columbus Railroad Company was incorporated April 26, 1871, under the general laws of the State of Nebraska. No separate accounting records of the company were obtained. Therefore, no information can be given from its separate accounts regarding its financial dealings, corporate operations, or investments. However, certain transactions were inseparably included in the accounts of the Atchison and Nebraska Railroad Company, commencing with September 1, 1870. Other data indicated below were obtained from its minute book and from the records of the Atchison and Nebraska. The company was controlled on August 10, 1871, the date of consolidation, by The Atchison and Nebraska Rail Road Company through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company, itself, then controlled any common-carrier corporations. The company owned on the date of consolidation 10.31 miles of single-track, standard-gauge, steam railroad, of which 8.19 miles extended from the Kansas-Nebraska State line to Rulo, Nebr., and 2.12 miles extended from a connection with the Burlington and Southwestern Railway Company, west of Preston, Nebr., to Falls City, Nebr. The railroad had been acquired by construction between April and August, 1871.

The Atchison and Nebraska Rail Road, Formerly Named The Atchison & Nebraska City Railroad

The Atchison and Nebraska Rail Road Company was incorporated May 27, 1867, under the general laws of the State of Kansas as The Atchison & Nebraska City Railroad Company. The name was changed January 13, 1869. No separate accounting records of the company were obtained, therefore no information can be given from its separate accounts regarding its financial dealings, corporate operations, or investments. However, certain transactions were inseparably included in the accounts of the Atchison and Nebraska Railroad Company, commencing with September 1, 1870. Other data given below were obtained from its minute book and from the records of the Atchison and Columbus Railroad Company. The records reviewed do not indicate whether the company was controlled by any individual or corporation on August 10, 1871, the date of consolidation. On the other hand, this company, itself, then controlled The Atchison, Lincoln and Nebraska Railroad Company, through ownership of all the capital stock. The railroad owned on date of consolidation consisted of 37.24 miles of single-track, standard-gauge, steam railroad, extending northerly from Atchison, Kans., to the Kansas-Nebraska State line, which had been acquired by construction prior to January 11, 1871. The construction work was performed in part by Brown and Bier, subcontractors under Augustus Byram and Company.

Atchison and Nebraska City Railroad

The Atchison and Nebraska City Railroad Company was incorporated December 8, 1865, in the State of Kansas. No accounting records of the company were obtained, therefore no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from its minute books. The records reviewed do not indicate whether the company was controlled by any individual or corporation on August 14, 1867, the date of sale, nor, on the other hand, whether it then controlled any common-carrier corporation. The authorized capital stock was $300,000 par value. How much was actually issued and the considerations received therefor is not ascertainable from the records obtained. The records reviewed do not indicate that this company owned any common-carrier property on the date of sale.

Omaha and South Western Railroad

Introductory

The Omaha and South Western Railroad Company was incorporated December 3, 1869, under the general laws of the State of Nebraska. The accounting records of this company were not obtained for the period from its incorporation to July, 1871, when control passed to the Burlington and Missouri River Rail Road Company in Nebraska. Further, the records reviewed do not indicate that this company, itself, maintained accounting records after July, 1871, therefore the information given in this report pertaining to its financial dealings and investments has been taken from its corporate records and from the records of the Burlington and Missouri River Rail Road Company in Nebraska and that company's successor, the Burlington. The company was controlled on February 15, 1908, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property was operated by its own organization from the date that the first construction was completed December 1, 1870, until July 19, 1871; and was operated under lease by the Burlington and Missouri River and that company's successor, the Burlington, from the latter date until the date of sale.

The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 51.79 miles, all located in Nebraska. It consisted of two disconnected sections of line, one extending from Omaha to Oreapolis, with a branch to Gilmore, and the other extending from Crete to Beatrice.

Development of Fixed Physical Property

The railroad owned on date of sale had been acquired through construction. Details with respect to the construction of this mileage are given in the chapter devoted to development of fixed physical property in the report on the Burlington. The mileage constructed aggregated 63.99 miles, of which 8 miles were abandoned in 1871 and 4.2 miles were sold in 1887 to The Omaha and North Platte Railroad Company, another Burlington predecessor. Of the 63.99 miles of road constructed, 21.13 miles, including the 8 miles later abandoned, was constructed by the company's own forces or by various contractors prior to the date the control of the road passed to the Nebraska company. The remaining mileage was constructed for this company by the Nebraska company or by the Burlington.

The Omaha and North Platte Railroad

Introductory

The Omaha and North Platte Railroad Company was incorporated February 12, 1886, under the general laws of the State of Nebraska. The records reviewed do not indicate that this company, itself, maintained any accounting records. The information given in this report pertaining to its financial dealings has been taken from the records of the Burlington. The company was controlled on February 15, 1908, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property of this company was operated under lease by the Burlington from the date that the first construction was completed, January 3, 1887, to the date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 81.19 miles, all in Nebraska. It consisted of a line extending from Omaha, via Ashland, to Schuyler, of which 76.99 miles had been acquired through construction by the Burlington during the years 1886 and 1887, and 4.2 miles through purchase from the Omaha and South Western Railroad Company, another Burlington predecessor. Details with respect to the construction of this property are given in the chapter devoted to development of fixed physical property in the report on the Burlington.

Nebraska, Wyoming and Western Railroad

Introductory

The Nebraska, Wyoming and Western Railroad Company was incorporated June 30, 1899, under the general laws of the State of Nebraska. The records reviewed do not indicate that this company, itself, maintained any accounting records. The information given in this report pertaining to its financial dealings has been taken from the records of the Burlington. The company was controlled on February 15, 1908, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property was operated under lease by the Burlington from the date first construction was completed, October 14, 1899, to date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 190.96 miles, all in Nebraska and Wyoming. It consisted of lines extending from Alliance, Nebr., via Northport, Nebr., to Guernsey, Wyo., and to the Nebraska-Colorado State line (connection with The Denver and Montana Railroad Company's line), and a branch to Ironton, Wyo. The road had been acquired through construction, performed by or under the supervision of the Burlington. Details with respect to the construction of this property are given in the chapter devoted to development of fixed physical property in the report on the Burlington.

The Denver and Montana Railroad

Introductory

The Denver and Montana Railroad Company was incorporated April 26, 1899, under the general laws of the State of Colorado. The records reviewed do not indicate that this company, itself, maintained any accounting records. The information given in this report pertaining to its financial dealings has been taken from the records of the Burlington. The company was controlled by the Burlington, through ownership of the entire capital stock, on February 15, 1908, the date of sale. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property was operated under lease by the Burlington from the date construction was completed, September 16, 1900, to date of sale. The railroad owned on date of sale was a single-track, standard-gauge, steam railroad, aggregating 39.24 miles, all in Colorado. It consisted of two lines, one extending from the Colorado-Nebraska State line (connection with the Nebraska, Wyoming and Western Railway Company's line) to Sterling, and the other from Union to Brush, which had been acquired through construction during the period from February 15 to September 16, 1900, performed by or under the supervision of the Burlington.

Lincoln and Black Hills Railroad

Introductory

The Lincoln and Black Hills Railroad Company was incorporated June 30, 1887, under the general laws of the State of Nebraska. The records reviewed do not indicate that this company, itself, maintained any accounting records. The information given in this report pertaining to its financial dealings has been taken from the records of the Burlington. The company was controlled by the Burlington, through ownership of the entire capital stock, on February 15, 1908, the date of sale. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property was operated under lease by the Burlington from the date first construction was completed, August 15, 1887, to date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 176.61 miles, all in Nebraska. It consisted of a line extending from Central City to Ericson, with branches extending to Sargent and Burwell which had been acquired through construction during the years 1887, 1888, and 1899. Considerable grading was also done on projected lines northwesterly from both Sargent and Burwell, but no track was laid and these lines had not been completed at date of valuation. The construction work was performed by or under the supervision of the Burlington. Further details with respect to the construction of this property are given in the chapter devoted to development of fixed physical property in the report on the Burlington.

Oxford and Kansas Railroad

Introductory

The Oxford and Kansas Railroad Company was incorporated June 2, 1887, under the general laws of the State of Nebraska. The records reviewed do not indicate that this company, itself, maintained any accounting records. The information given in this report pertaining to its financial dealings has been taken from the records of the Burlington. The company was controlled by the Burlington, through ownership of the entire capital stock, on February 15, 1908, the date of sale. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property was operated under lease by the Burlington from about October 9, 1887, the date construction was completed, to date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 59.61 miles, all in Nebraska. It consisted of a line extending from Orleans, Nebr., to the Nebraska-Kansas State line (connection with the Beaver Valley Railroad), which had been acquired through construction during the year 1887. In addition to the above mileage completed the company did considerable grading on a projected Sappa Creek branch, but discontinued the work and the line had not been completed at date of valuation. The construction work was performed by or under the supervision of the Burlington.

Beaver Valley Railroad

Introductory

The Beaver Valley Railroad Company was incorporated January 27, 1887, under the general laws of the State of Kansas. The records reviewed do not indicate that this company, itself, maintained any accounting records. The information given in this report pertaining to its financial dealings has been taken from the records of the Burlington. The company was controlled by the Burlington, through ownership of its entire capital stock, on February 15, 1908, the date of sale. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property was operated under lease by the Burlington from the date first construction was completed, October 9, 1887, to date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 74.18 miles, all in Kansas, and consisting of a line extending from the Kansas-Nebraska State line (connection with the Oxford and Kansas Railroad Company's line) to St. Francis, Kans., which had been acquired through construction during the years 1887 and 1888. In connection with the construction of this property, a grade was constructed from St. Francis, Kans., to a point about 5 miles west thereof, which was never completed. Further details with respect to the construction of this property are given in the chapter devoted to development of fixed physical property in the report on the Burlington. The construction work was performed by or under the supervision of the Burlington.

Republican Valley, Kansas and Southwestern Railroad

Introductory

The Republican Valley, Kansas and Southwestern Railroad Company was incorporated under the general laws of the States of Nebraska and Kansas, through the filing in Nebraska on April 14, 1886, and in Kansas on April 19, 1886, of articles of consolidation dated January 28, 1886, by the Burlington, Kansas and Southwestern Railroad Company and the Republican Valley and Kansas Railroad Company. The records reviewed do not indicate that this company, itself, maintained any accounting records. The information given in this report pertaining to its financial dealings has been taken from the records of the Burlington. The company was controlled by the Burlington, through ownership of the entire capital stock, on February 15, 1908, the date of sale. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property was operated under lease by the Burlington from date of acquisition, January 28, 1886, to the date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 78.23 miles, extending from Republican, Nebr., to Oberlin, Kans., which had been acquired through the consolidation of January 28, 1886.

Burlington, Kansas and Southwestern Railroad

Introductory

The Burlington, Kansas and Southwestern Railroad Company was incorporated March 19, 1885, under the general laws of the State of Kansas. The records reviewed do not indicate that this company, itself, maintained any accounting records. The information given in this report pertaining to its financial dealings has been taken from the records of the Burlington. The company was controlled by the Burlington, through ownership of the entire capital stock, on January 28, 1886, the date of consolidation. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property was operated under lease by the Burlington from the date first construction was completed, October 12, 1885, to date of consolidation. The railroad owned on the date of consolidation was a single-track, standard-gauge, steam railroad, aggregating 69.73 miles, all in Kansas, and consisting of a line extending from the Kansas-Nebraska State line (connection with the Republican Valley and Kansas Railroad) to Oberlin, Kans., which had been acquired through construction during the year 1885, performed by or under the supervision of the Burlington.

Republican Valley and Kansas Railroad

The Republican Valley and Kansas Railroad Company was incorporated September 25, 1885, under the general laws of the State of Nebraska. The records reviewed do not indicate that this company, itself, maintained any accounting records. The information given in this report pertaining to its financial dealings has been taken from the records of the Burlington. The company was controlled by the Burlington, through ownership of the entire capital stock, on January 28, 1886, the date of consolidation. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property was operated under lease by the Burlington from the date that the construction was completed, September 6, 1885, to the date of consolidation.

The railroad owned on the date of consolidation was a single-track, standard-gauge, steam railroad, aggregating 8.5 miles, all in Nebraska, and consisting of a line extending from Republican, Nebr., to the Nebraska-Kansas State line. (Connection with the Burlington, Kansas and Southwestern Railroad Company's line.) The road had been acquired through construction during the year 1885. The construction work was performed by or under the supervision of the Burlington.

Chicago, Nebraska and Kansas Railroad

Introductory

The Chicago, Nebraska and Kansas Railroad Company was incorporated December 5, 1884, under the general laws of the States of Nebraska and Kansas, through the filing of articles of consolidation dated November 28, 1884, by The Chicago, Iowa and Kansas Railroad Company (of Kansas) and The Chicago, Iowa and Kansas Railroad Company (of Nebraska). The records reviewed do not indicate that this company, itself, maintained any accounting records. The information given in this report pertaining to its financial dealings has been taken from the records of the Burlington. The company was controlled by the Burlington, through ownership of the entire capital stock, on February 15, 1908, the date of sale. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property was operated under lease by the Burlington from date of acquisition, November 28, 1884, to date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 71.04 miles, all in Nebraska and Kansas. It consisted of a line extending from Odell, Nebr., to Concordia, Kans., and had been acquired in the consolidation of November 28, 1884.

The Chicago, Iowa and Kansas Railroad (of Kansas)

Introductory

The Chicago, Iowa and Kansas Railroad Company (of Kansas) was incorporated July 30, 1883, under the general laws of the State of Kansas. The records reviewed do not indicate that this company, itself, maintained any accounting records. The information given in this report pertaining to its financial dealings has been taken from the records of the Burlington. The company was controlled by the Burlington, through ownership of the entire capital stock, on November 28, 1884, the date of consolidation. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property was operated under lease by the Burlington from the date construction was completed, August 25, 1884, to date of consolidation. The railroad owned on the date of consolidation was a single-track, standard-gauge, steam railroad, aggregating 65.01 miles, all in Kansas and consisting of a line extending from the Kansas-Nebraska State line (connection with the line of The Chicago, Iowa and Kansas Railroad Company (of Nebraska), to Concordia, Kans. It was acquired through construction during the year 1884. The construction work was performed by or under the supervision of the Burlington.

The Chicago, Iowa and Kansas Railroad (of Nebraska)

Introductory

The Chicago, Iowa and Kansas Railroad Company (of Nebraska) was incorporated July 30, 1883, under the general laws of the State of Nebraska. The records reviewed do not indicate that this company, itself, maintained any accounting records. The information given in this report pertaining to its financial dealings has been taken from the records of the Burlington. The company was controlled by the Burlington, through ownership of the entire capital stock, on November 28, 1884, the date of consolidation. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property was operated under lease by the Burlington from the date placed in operation, August 25, 1884, to date of sale. The railroad owned on the date of consolidation was a single-track, standard-gauge, steam railroad, aggregating 6.03 miles, all in Nebraska, and consisting of a line extending from Odell, Nebr., to the Nebraska-Kansas State line (connection with the line of The Chicago, Iowa and Kansas (of Kansas)). It had been acquired through construction during 1883, but was not placed in operation until August 25, 1884. The construction work was performed by or under the supervision of the Burlington.

The Kansas City & Omaha Railway

Introductory

The Kansas City & Omaha Railway Company was incorporated September 15, 1896, under the general laws of the State of Nebraska, as a reorganization of the Kansas City and Omaha Rail Road Company. The company did not continue its accounting records after June 30, 1902. This company was controlled on February 15, 1908, the date of sale, by the Burlington, through ownership of practically all of the capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property was operated under agreement by the St. Joseph and Grand Island Railroad Company from date of acquisition, November 1, 1896, to June 30, 1902. However, the property was separately operated, and the results of corporate operations were recorded in the accounts of the owning company. The property was operated under lease by the Burlington from July 1, 1902, to date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 193.08 miles, all in Nebraska, and consisting of lines extending from Fairfield to Stromsburg, from McCool Junction to K. C. & O. Junction, and from Alma Junction to Alma. It had been acquired through reorganization from the Kansas City and Omaha Rail Road Company.

Kansas City and Omaha Rail Road

Introductory

The Kansas City and Omaha Rail Road Company was incorporated September 24, 1886, under the general laws of the State of Nebraska. This company was controlled jointly by the Union Pacific Railroad Company and the St. Joseph & Grand Island Railroad Company, through ownership of the entire capital stock, on July 8, 1896, the date of foreclosure sale. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property of this company was operated under lease by the controlling companies from the date first construction was completed, about March, 1887, until October 13, 1893. The property was separately operated and the results of corporate operations were recorded in the accounts of the lessor. The property was operated by receivers from October 13, 1893, to October 31, 1896, when the property was turned over to the successor company.

The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 193.08 miles, all in Nebraska, and consisting of lines extending from Fairfield to Stromsburg, from McCool Junction to K. C. & O. Junction, and from Alma Junction to Alma. The road was acquired through construction during 1886 and 1887. The construction work was performed under contract by the St. Joseph & Grand Island, one of the controlling companies.

Republican Valley & Wyoming Railroad

Introductory

The Republican Valley & Wyoming Railroad Company was incorporated April 25, 1887, under the general laws of the State of Nebraska. The records reviewed do not indicate that this company, itself, maintained any accounting records. The information given in this report pertaining to its financial dealings has been taken from the records of the Burlington. The company was controlled by the Burlington, through ownership of the entire capital stock, on February 15, 1908, the date of sale. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporations. The property of this company was operated under lease by the Burlington from the date first construction was completed, November 1, 1889, to the date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 49.17 miles, all in Nebraska, and consisting of a line extending from Culbertson to Imperial, Nebr.

Development of Fixed Physical Property

The road owned on date of sale had been acquired through construction during the period from 1887 to 1892. Further details with respect to the construction of this property are given in the chapter devoted to development of fixed physical property in the report on the Burlington. In addition, this company acquired about 21.95 miles of graded roadbed extending from Imperial, Nebr., to the Nebraska-Colorado State line, but the construction had not been completed at date of valuation. The construction work was performed by or under the supervision of the Burlington.

The Denver, Utah and Pacific Railroad

Introductory

The Denver, Utah and Pacific Railroad Company was incorporated under the general laws of the State of Colorado, through the filing on May 4, 1884, of articles of consolidation dated April 14, 1884, by The Denver, Utah and Pacific Rail-road Company and The Colorado Northern Railway Company. This company continued the accounts of The Denver, Utah and Pacific Rail-road Company, one of its predecessors, and did not open new books of account at the time of the consolidation of 1884. Therefore, the information obtained from such records respecting the investments and the results of operations of both companies is given in this report. Further, this company discontinued its accounts after September 1, 1889, the date of lease of its property to the Burlington. The company was controlled on February 15, 1908, the date of sale, through ownership of the entire capital stock, by the Burlington. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property was operated by the company's own organization from the date of the consolidation of 1884 until September 1, 1889, and was operated under lease by the Burlington from the latter date to the date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 39.37 miles, and consisting of sections of line extending from Denver to Utah Junction, from Burns Junction to Lyons, and from Towers Junction to Towers, all in Colorado.

Development of Fixed Physical Property

The road owned on date of sale had been acquired as follows: 32.67 miles through the consolidation of 1884 and 36.37 miles through construction, less 29.67 miles abandoned. Further information respecting the construction and abandonment of this mileage is given in the chapter devoted to development of fixed physical property in the report on the Burlington. Of the 36.37 miles of road acquired through construction, 10.82 miles extending from Longmont to Lyons, Colo., and 3.7 miles extending from Towers Junction to Towers, Colo., were constructed by or under the supervision of the company itself. The remaining 21.85 miles of road, from Burns Junction to Longmont, Colo., was constructed for the company by the Burlington.

The Denver, Utah and Pacific Rail-road

Introductory

The Denver, Utah and Pacific Rail-road Company was incorporated December 11, 1880, under the general laws of the State of Colorado. This company's accounting records were continued by its successor company. Therefore, the information obtained from such records respecting the investments and the results of operations of both companies has been given in the report on the successor company. This company was controlled on April 14, 1884, the date of consolidation, through ownership of its entire capital stock, by a committee representing noteholders of the Denver Rail-road Construction Land and Coal Company. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property of the company was operated under lease by the controlling company from the date construction was completed, November 24, 1881, to October 31, 1883; and was operated by the railroad company's own organization from November 1, 1883, to the date of consolidation. The railroad owned by this company on the date of consolidation was a single-track, narrow-gauge, steam railroad, aggregating 22.9 miles, extending from Denver to Mitchell, all in Colorado.

Development of Fixed Physical Property

The road owned on the date of consolidation had been acquired through construction during the years 1880 and 1881. In addition, the company acquired a right of way and a partly constructed grade located between Hallock Junction and the foothills of the Rocky Mountains, about 45 miles, but such property was never completed. The construction of the above-mentioned railroad property and the partly constructed property was performed under contract by an affiliated company, which controlled this company.

The Colorado Northern Railway

The Colorado Northern Railway Company was incorporated January 2, 1883, under the general laws of the State of Colorado, as a reorganization of The Denver, Longmont and Northwestern Railroad Company. No records of this company have been obtained. The information given regarding its financial dealings has been taken from miscellaneous records. No information can be given regarding the results of its corporate operations or its investments. The records reviewed do not indicate whether or not this company was controlled by any individual, association, or corporation, on April 14, 1884, the date of consolidation, nor, on the other hand, whether or not this company, itself, controlled any common-carrier corporation. No information has been obtained regarding the operation of this company's property.

The railroad owned on the date of consolidation was a single-track, narrow-gauge, steam railroad, aggregating 9.77 miles, extending from Mitchell to Longmont, all in Colorado. This 9.77 miles was abandoned by successor company. The company had acquired the property, partly constructed, through reorganization from its predecessor company, and completed the construction thereof during the year 1883.

The Denver, Longmont and Northwestern Railroad, Originally Named The Longmont and Erie Railroad

The Denver, Longmont and Northwestern Railroad Company was incorporated January 14, 1878, under the general laws of the State of Colorado, as The Longmont and Erie Railroad Company. Its name was changed March 14, 1881. No records of this company have been obtained. The information given regarding its financial dealings has been taken from court records and miscellaneous records. The records reviewed do not indicate whether or not this company was controlled by any individual, association, or corporation, on May 9, 1883, the date of sale after foreclosure; nor, on the other hand, whether or not this company, itself, then controlled any common-carrier corporation. The property owned on the date of sale consisted of some right of way and a graded roadbed located between Longmont and Mitchell, Colo. The amount of securities issued by this company, and the considerations received in exchange therefor, have not been ascertained, owing to lack of records. It has been ascertained that the authorized capital stock was $1,000,000 par value, and that an issue of mortgage bonds aggregating $403,000 par value was outstanding on date of sale.

The Sioux City and Western Railway

Introductory

The Sioux City and Western Railway Company was incorporated May 30, 1899, under the general laws of the State of Nebraska, as a reorganization of The Sioux City, O'Neill and Western Railway Company. The general accounting records of the company were discontinued as of June 30, 1907. Certain information pertaining to transactions during the period from that date to date of sale were obtained from its construction record and from records of the Burlington. The company was controlled on December 1, 1908, the date of sale, by the Burlington, through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The property was operated by the company's own organization from July 1, 1899, to December 31, 1899. From January 1, 1900, to June 30, 1907, it was operated under lease by the Willmar and Sioux Falls Railway Company and from July 1, 1907, to November 1, 1907, under lease by the Great Northern Railway Company. From November 1, 1907, to date of sale it was operated by the Burlington. The property owned on date of sale consisted of 231.05 miles of single-track, standard-gauge, steam railroad, extending from Laketon to Ashland, and South Sioux City to O'Neill, all in Nebraska. Of this mileage, 127.98 miles was acquired by purchase following foreclosure sale of the Sioux City, O'Neill and Western and 103.07 miles, from South Sioux City to Ashland, Nebr., by construction in 1905 and 1906. Details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

The Sioux City, O'Neill and Western Railway

Introductory

The Sioux City, O'Neill and Western Railway Company was incorporated October 30, 1891, under the general laws of Nebraska, as a reorganization of The Nebraska and Western Railway Company. The records reviewed do not indicate whether the company was controlled by any individual or corporation on May 26, 1899, the date of foreclosure sale, nor, on the other hand, whether it then controlled any common-carrier corporation. The property was operated by the company's own organization from December 1, 1891, the date acquired, to November 1, 1893; from that date to June 30, 1899, it was operated by a receiver. The property owned on date of foreclosure sale consisted of 127.98 miles of single-track, standard-gauge, steam railroad, extending from South Sioux City to O'Neill, all in Nebraska. This mileage had been acquired by purchase following foreclosure sale of the Nebraska and Western, by deed dated December 1, 1891.

The Nebraska and Western Railway

The Nebraska and Western Railway Company was incorporated March 14, 1889, under the general laws of the State of Nebraska. The accounting records of the company were of such a fragmentary nature that nothing of value could be obtained from them regarding its financial dealings, corporate operations, or investments. However, certain data given below were obtained from other papers on file. The records reviewed do not indicate whether the company was controlled by any individual or corporation on October 23, 1891, the date of foreclosure sale, or, on the other hand, whether it then controlled any common-carrier corporation. The property was operated by its own organization from date of its completion in 1890, to February 24, 1891, and from that date to date of foreclosure sale it was operated by a receiver. It was operated under lease from the purchasing trustees by the Sioux City and Northern Railroad Company from the date of foreclosure sale until December 1, 1891, the date surrendered to the successor.

The railroad owned on date of foreclosure sale consisted of 127.98 miles of single-track, standard-gauge, steam railroad, extending from South Sioux City to O'Neill, Nebr., which had been acquired by construction during 1889 and 1890. The construction work was performed under contract by the Wyoming Pacific Improvement Company. Details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Burlington.

Fulton County Narrow Gauge Railway

Introductory

The Fulton County Narrow Gauge Railway Company was incorporated September 25, 1878, under the general laws of the State of Illinois. This company was controlled on December 1, 1908, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any other common-carrier corporation. The property of the company was operated by its own organization from November 1, 1880, the date that construction was completed, to December 31, 1905, and was operated under lease by the Burlington from January 1, 1906, until the date of sale. The railroad owned by this company on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 59.3 miles, and extending from West Havana to Galesburg, all in Illinois. Of this mileage 29.59 miles had been acquired through construction which was completed during 1880, and 29.71 miles had been purchased from the Fulton County Extension Railway Company on January 31, 1906. The greater part of the construction of the 29.59 miles was performed under contract by James C. Wilcoxen, or by S. H. Mallory, who completed the construction. Mallory was financed by the Burlington. The road was originally constructed as narrow gauge, but was changed to standard gauge during 1905.

Fulton County Extension Railway

Introductory

The Fulton County Extension Railway Company was incorporated May 27, 1881, under the general laws of the State of Illinois. This company, itself, maintained no separate books of account, but its financial dealings and investments were recorded in the books of the Fulton County Narrow Gauge Railway Company. The company was controlled on January 31, 1906, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any other common-carrier corporation. The property was leased for operation to the Fulton County Narrow Gauge Railway Company from the date that construction was completed, August 20, 1882, until the date of sale. The railroad owned by this company on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 29.71 miles, and extended from Fairview to Galesburg, all in Illinois. This mileage was acquired through construction during 1881 and 1882. The construction was performed by S. H. Mallory, contractor, who was financed by the Burlington. The road was originally narrow gauge, but was changed to standard gauge during the year 1905.

Northern and Southern Illinois Railroad

The Northern and Southern Illinois Railroad Company was incorporated July 13, 1904, under the general laws of Illinois. This company, itself, did not maintain accounting records, but its financial dealings were recorded in the accounts of the Burlington. The company was controlled on December 1, 1908, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property was operated under lease by the Burlington from April 1, 1906, the date construction was completed, until date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 51.56 miles, and consisting of a line extending from Centralia to Herrin, all in Illinois. It had been constructed for the company by the Burlington during the year ending April 1, 1906.

The Adair County Railroad

The Adair County Railroad Company was incorporated July 9, 1904, under the general laws of the State of Missouri. This company, itself, did not maintain accounting records, but its financial dealings were recorded in the accounts of the Burlington. The company was controlled on November 14, 1911, the date of sale, by the Burlington through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The property of this company was operated by the Burlington from its completion to the date of sale.

The railroad owned on the date of sale consisted of approximately 6 miles of spur and side tracks extending from Youngstown to Coal mines, all within Adair County, Mo. These tracks had been acquired by construction in 1904 and 1905. The construction work was performed by the Burlington.

Herrin & Southern Railroad

The Herrin & Southern Railroad Company was incorporated July 1, 1909, under the general laws of the State of Illinois. This company, itself, did not maintain accounting records, but its financial dealings were recorded in the accounts of the Burlington. The Herrin & Southern was controlled on October 29, 1914, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property was operated under lease by the Burlington from October 15, 1910, the date that construction was completed, until date of sale.

The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 38.47 miles, and consisting of two lines, one extending from Herrin Junction to Neilson and the other from West Vienna to Metropolis, all in Illinois. This road had been constructed for the company by the Burlington between July, 1909, and October 15, 1910.

Big Horn Railroad

Introductory

The Big Horn Railroad Company was incorporated January 12, 1905, under the general laws of the State of Wyoming. The records reviewed do not indicate that this company, itself, maintained any accounting records. The information given in this report pertaining to its financial dealings has been taken from the records of the Burlington. The company was controlled by the Burlington, through ownership of the entire capital stock, on December 1, 1908, and July 1, 1916, the respective dates of sale of its property in two sections. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property was operated under lease by the Burlington from the date that the first construction was completed, April 16, 1906, to the dates of sale. The railroad owned on the date of sale of the first section of property, was a single-track, standard-gauge, steam railroad, aggregating 110.91 miles, and consisted of a line extending from Frannie Junction to Kirby, all in Wyoming. The railroad owned on the date of sale of its other sections of property, was a single-track, standard-gauge, steam railroad, aggregating 244.22 miles, and consisted of a line from Warren to Fromberg, 29.92 miles, all in Montana, and a line extending from Kirby to Orin Junction, 214.3 miles, all in Wyoming. The entire mileage had been acquired through construction during the period 1905 to 1914, inclusive. Further details with respect to the construction of this property are given in the chapter devoted to development of fixed physical property in the report on the Burlington. The construction work was performed by or under the supervision of the Burlington.

The Denver, Golden and Salt Lake Rail Road

The Denver, Golden and Salt Lake Rail Road Company was incorporated July 2, 1881, under the general laws of the State of Colorado. No records of this company for the period from the date of its incorporation to July, 1882, when the Burlington acquired control, have been obtained. Further, the records reviewed do not indicate that this company, itself, maintained any accounting records after July, 1882. The information given in this report pertaining to its financial dealings has been taken from the records of the Burlington. The company was controlled by the Burlington, through ownership of the entire capital stock, on March 1, 1917, the date of sale. On the other hand, the records reviewed do not indicate that this company, itself, controlled any common-carrier corporation. The property of this company was operated under lease by the Burlington from the date of acquisition to the date of sale.

The property owned on the date of sale consisted of about 10 acres of land and 1.34 miles of side tracks in Denver, Colo. These had been acquired during 1881 and 1882. The construction work was performed by or under the supervision of the Burlington.

Franklin & Waverly Railway

The Franklin & Waverly Railway Company was incorporated February 5, 1906, under the general laws of the State of Illinois. This company, itself, did not maintain accounting records, but its financial dealings were recorded in the accounts of the Burlington. The company was controlled on March 23, 1917, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property of the Franklin & Waverly was operated under lease by the Burlington from January, 1907, the date construction was completed, until date of sale. The railroad owned on date of sale was a single-track, standard-gauge, steam railroad, aggregating 1.57 miles, and consisting of a line extending from Franklin to Waverly, all in Illinois, which had been constructed for the company by the Burlington between May 7, 1906, and January, 1907.

Centralia & Sandoval Railroad

The Centralia & Sandoval Railroad Company was incorporated June 22. 1909, under the general laws of the State of Illinois. This company, itself, did not maintain accounting records, but its financial dealings were recorded in the accounts of the Burlington. The company was controlled on March 23, 1917, the date of sale, by the Burlington, through ownership of the entire capital stock. On the other hand, the records reviewed indicate that this company, itself, did not control any common-carrier corporation. The property was operated under lease by the Burlington from November, 1909, the date construction was completed, until date of sale. The railroad owned on the date of sale was a single-track, standard-gauge, steam railroad, aggregating 2.5 miles, and consisting of a spur and sidetracks extending from near Centralia to Junction City, all in Illinois. These tracks served coal mines north of Centralia. They had been constructed for the company by the Burlington between August and November, 1909.