Wikipedia:WikiProject Trains/ICC valuations/Santa Fe, Raton and Eastern Railroad

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The railroad of The Santa Fe, Raton and Eastern Railroad Company, hereinafter called the carrier, is a standard-gauge single-track steam railroad, located entirely within New Mexico. This railroad consists of a main line extending from Raton to Yankee, and a branch line from Carisbrooke to Sugarite, distances of 7.389 miles and 1.918 miles, respectively. Besides the main-line tracks between these points, there are 4.396 miles of other tracks, making a total of 13.702 miles of all tracks.

Corporate history.—The carrier was incorporated under the general laws of New Mexico for a period of 50 years. Articles of incorporation were filed February 9, 1906. The main office of the carrier is located at Raton. The road was built by E. D. Shepard and Company of New York to provide a means of transporting to market the output of coal mines at Yankee, owned by the Yankee Fuel Company, a company promoted and controlled by the same firm. E. D. Shepard and Company became financially involved and, as the result of proceedings in bankruptcy, their holdings of the carrier's securities and of securities of the coal company and of certain projects in Raton passed to other hands, ultimately resting with the New Mexico Coal Company, a Delaware corporation, organized in the interest of the bondholders and stockholders of the various companies.

Actual construction of the road was commenced in the summer of 1906, and on December 1, 1906, there was placed in operation the main line from Raton to Yankee, and a branch line from Carisbrooke to Lake Alice. During the year 1911 the branch line to Lake Alice, 3.06 miles in length, was reduced to 1.92 miles by the abandonment of 1.14 miles of road between Sugarite and Lake Alice. From the year 1910 the carrier had been operating, under a verbal agreement, the line of the Santa Fe, Raton & Des Moines Railroad Company, between Carisbrooke and Wallace, N. Mex. Because of washouts occurring in 1914 this line is not now in operation and has been practically abandoned by the owners.