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The railroad operated by the Southern Pacific Company is located in Oregon, California, Nevada, Utah, Arizona, and New Mexico. It comprises a trunk-line railroad, the principal main lines of which extend from Portland, Oreg., southerly via Ashland, Oreg., to Oakland Pier (San Francisco), Calif.; San Francisco southerly via Santa Barbara, Calif., along the coast route, and Oakland Pier via Bakersfield, Calif., along the valley route, to Los Angeles, Calif.; thence southeasterly via Tuscon, Ariz., and Lordsburg, N.Mex., to Rio Grande (El Paso, Tex.); and from Oakland Pier, Calif., via Reno, Nev., to Ogden, Utah. Projecting from these main lines are numerous branches or feeders reaching into the productive mining and agricultural districts. The railroad is mostly single track and is standard gage, with the exception of the line from Keeler, Calif., to Mina, Nev., and Filben branch, which are narrow gage. It is operated by steam except the electric suburban lines at Alameda, Berkeley, and Oakland, Calif., while some of the lines in the vicinity of Portland, Oreg., are used for both steam and electrically operated equipment. The company operates a coastwise line of steamships plying between New York City, New Orleans, Galveston, Havana, and other ports. It also operates ferry lines across San Francisco Bay, river boats between San Francisco and Sacramento, and facilities for transferring equipment across the Sacramento River between Port Costa and Benicia, Calif. The principal cities served by this road are Eugene, Portland, and Salem, Oreg.; Alameda, Bakersfield, Berkeley, Fresno, Long Beach, Los Angeles, Oakland, Pasadena, Riverside, Sacramento, San Bernardino, San Francisco, San Jose, Santa Barbara, Stockton, and Vallejo, Calif.; Reno, Nev.; Ogden, Utah; Tucson, Ariz.; and El Paso, Tex.
The railroad property owned by the Southern Pacific Company is located largely in the State of Oregon and consists principally of single-track branch lines projecting from Hillsboro to Tillamook, Eugene to Myrtle Point, Corvallis to Transfer, Albany to Hoover, Albany to Yaquina, Salem to Black Rock, and several small detached lines. The property owned in California consists of a double-track branch line extending from San Francisco to San Bruno and South San Francisco with electric suburban lines in Alameda. The company also owns the steamships operating on the Atlantic seaboard. The main lines and branches are used under lease as hereinafter mentioned.
The Southern Pacific Company wholly owns and uses 487.060 miles of road with 12.540 miles of second main track. It also wholly owns but does not use 16.876 miles of road, consisting of 8.732 miles of road between El Centro and Seeley, Calif., leased to the Holton Interurban Railway Company, and 8.144 miles of road between Dragoon and Johnson, Ariz., leased to the Cobriza Mines Development Corporation, a noncarrier. The road wholly used but not owned consists of 6,418.956 miles, of which 166.309 miles are narrow gage, leased from lessors included in this report and 45.662 miles leased from other companies. The latter mileage comprises 8.505 miles of single-track railroad extending from Biola to Biola Junction, Calif., leased from the Fresno Traction Company; 16.253 miles of road, most of which is single track, extending from Mayfield to Vasona Junction, Calif., leased from the Peninsular Railway Company, 2.122 miles of single-track railroad extending from Ogden to Cecil Junction, Utah, leased from the Union Pacific Railroad Company, and 18.782 miles of single-track railroad extending from Myrtle Point to Powers, Oreg., leased from the C. A. Smith Lumber and Manufacturing Company. The jointly used but not owned mileage aggregates 5.347 undivided miles of road which includes a double-track main line 0.303 mile long with a large bridge over the Willamette River at East Portland, Oreg., owned by a lessor with the Oregon-Washington Railroad & Navigation Company, and 5.044 miles of single-track railroad between Richmond and Winehaven, Calif., owned wholly by the Richmond Belt Railway and used jointly by the Southern Pacific Company and The Atchison, Topeka and Santa Fe Railway Company.
There is given below a short description of the properties of the lessor companies included in this report, all of which are standard-gage railroads, are operated by steam except when otherwise indicated, and are used in their entirety by the Southern Pacific Company except that certain lands, tracks, equipment, and other miscellaneous items of property are leased to other parties.
The records reviewed do not indicate that the Southern Pacific Company is controlled by any individual, association, or corporation. On the other hand, the company directly controls to the extent shown, the following companies whose common-carrier properties are operated by the companies named.
The company controls through 100 percent stock ownership the following-named companies whose common-carrier property it operated on date of valuation under arrangements described under leased railway property: Beaverton & Willsburg Railroad Company, Central Pacific Railway Company, Coast Line Railway Company, Hanford and Summit Lake Railway Company, Inter-California Railway Company, Porterville Northeastern Railway Company, South Pacific Coast Railway Company, Southern Pacific Railroad Company, and Tucson and Nogales Railroad Company. It also controls the Oregon and California Rail Road Company through 99.75 percent stock ownership.
The following-named companies whose properties are operated by their own organizations are controlled by the Southern Pacific Company through stock ownership as indicated: Arizona Eastern Railroad Company, 99.99 percent; Fresno Traction Company, Lake Charles & Northern Railroad Company, Louisiana Western Railroad Company, Morgan's Louisiana and Texas Railroad and Steamship Company, Pacific Electric Company, and Peninsular Railway Company, 100 percent; The Galveston, Harrisburg and San Antonio Railway Company, Houston and Shreveport Railroad Company, Houston and Texas Central Railroad Company, and Texas and New Orleans Railroad Company, 99 percent; Houston East and West Texas Railway Company, 99.95 percent; and Southern Pacific Terminal Company, 99.98 percent. It also controlled 100 percent the Phoenix and Eastern Railroad Company, which was operated by the Arizona Eastern Railroad Company.
The Southern Pacific Company indirectly controls through ownership of the entire capital stock of the Southern Pacific Railroad Company, the controlling company, the New Mexico and Arizona Railroad Company, whose common-carrier property is operated by the Southern Pacific Company.
The Southern Pacific Company controls jointly with The Atchison, Topeka and Santa Fe Railway Company, through equal ownership of the entire capital stock, the Northwestern Pacific Railroad Company and the Sunset Railway Company, the common-carrier properties of which are operated by their own organizations. It is provided by agreement between the Southern Pacific Company and The Atchison, Topeka and Santa Fe Railway Company that for the Sunset Railway Company certain offices, in alternate 5-year periods, shall be filled by certain officials of the Southern Pacific Company and The Atchison, Topeka and Santa Fe Railway Company, respectively.
The Southern Pacific Company directly controls, to the extent indicated, the following corporations, comprising a railroad company operating in the Republic of Mexico, and steamship, electric railroad, and noncarrier companies: 100 percent stock ownership, Albion Lumber Company, Charles R. Allen Company, Beaver Hill Coal Company, East Coal Oil Company, Importers Bonded Warehouse Company, Iron Chief Mining Company, Kern Trading and Oil Company, Rifled Pipe Company, Rio Bravo Oil Company, Rockaway Pacific Corporation, San Jose Railroads, San Jose and Santa Clara County Railroad Company, Southern Pacific Building Company, Southern Pacific Land Company, Southern Pacific Railroad Company of Mexico, Stockton Electric Railroad Company, Sunset Development Company, Texas Town Lot Company, Visalia Electric Railway Company. Associated Oil Company, 50.17 percent. Fresno City Railway Company and Nile Steamship Company, 99.70 percent.
It jointly controls with other companies to the extent indicated, the following corporations: Pacific Fruit Express Company, jointly controlled with Union Pacific Railroad Company, 50 percent; Associated Pipe Line Company, jointly controlled with Associated Oil Company, 50 percent.
The property of the Southern Pacific Company has been operated by its own organization from the dates of acquirement thereof to date of valuation, except the section from El Centro to Seeley, Calif., 8.732 miles, which has been operated by the Holton Interurban Railway Company, and the section from Dragoon to Johnson, Ariz., 8.144 miles, which has been operated by the Cobriza Mines Development Corporation, a noncarrier corporation.
The Southern Pacific Company was incorporated in perpetuity by a special act [...] The Southern Pacific Company acquired the proprety, rights, and franchises of seven railroad corporations. The company, itself, and those corporations, together with their predecessors total 18 different corporations, of which one underwent two changes of name, and comprise the line of corporate succession culminating in the Southern Pacific Company as at present constituted.
The names of the corporations, the respective dates of incorporation, and for each predecessor the date and manner of succession follow.
No. | Name | Incorporation | Succession |
---|---|---|---|
1. | Southern Pacific Company. | By special act of Kentucky, March 17, 1884. | |
2. | Johnson-Dragoon & Northern Railway. | See 4. | Sold at foreclosure November 22, 1911, and conveyed December 24, 1912, to 1. |
3. | Johnson, Dragoon Mountain and Northern Railway. | See 4. | Name changed to 2, September 14, 1908. |
4. | Dragoon Mountain and Northern Railroad Company. | Under general laws of Territory of Arizona, August 27, 1906. | Name changed to 3, February 16, 1907. |
5. | Corvallis and Eastern Railroad Company. | Under general laws of Oregon, December 15, 1897. | Sold to 1, July 1, 1915. |
6. | Oregon Central and Eastern Railroad Company. | Under general laws of Oregon, April 12, 1895. | Sold to 5, January 24, 1898. |
7. | Willamette Valley & Coast Rail Road Company. | Under general laws of Oregon, July 6, 1874. | Sold at foreclosure December 22, 1894, after receivership begun October 28, 1890, to E. L. Bonner and A. B. Hammond, who conveyed it April 13, 1895, to 6. |
8. | Oregon Pacific Railroad Company. | Under general laws of Oregon, September 15, 1880. | Sold at foreclosure December 22, 1894, after receivership begun October 28, 1890, to E. L. Bonner and A. B. Hammond, who conveyed it April 13, 1895, to 6. |
9. | The Coos Bay, Roseburg and Eastern Railroad and Navigation Company. | Under general laws of Oregon, June 19, 1890. | Sold to 1, July 1, 1915. |
10. | Pacific Railway and Navigation Company. | Under general laws of Oregon, October 13, 1905. | Sold to 1, July 1, 1915. |
11. | Portland, Eugene and Eastern Railway Company. | Under general laws of Oregon, November 25, 1907. | Sold to 1, July 1, 1915. |
12. | Eugene and Eastern Railway Company. | Under general laws of Oregon, May 11, 1907. | Sold to 11, December 27, 1907. |
13. | Corvallis and Alsea River Railway Company. | Under general laws of Oregon, July 19, 1907. | Sold to 11, July 20, 1911. |
14. | Sheridan and Willamina Railroad Company. | Under general laws of Oregon, May 4, 1907. | Sold to 11, June 9, 1913. |
15. | The Salem, Falls City and Western Railway Company. | Under general laws of Oregon, October 24, 1901. | Sold to 1, July 1, 1915. |
16. | Willamette Pacific Railroad Company. | Under general laws of Oregon, June 14, 1911. | Sold to 1, July 1, 1915. |
17. | The Pacific Great Western Railway Company. | Under general laws of Oregon, January 11, 1911. | Sold to 16, June 15, 1912. |
18. | Pacific Coast Line Railway Company. | Under general laws of Oregon, August 24, 1911. | Sold to 16, June 15, 1912. |
19. | Terminal Railway. | Under general laws of Oregon, September 2, 1911. | Sold to 16, December 9, 1913. |
20. | Oregon Western Railway Company. | Under general laws of Oregon, August 21, 1905. | Sold to 16, July 3, 1914. |
The recorded mileage owned by the Southern Pacific Company amounts to 501.56 miles, of which 68.59 miles were acquired by construction and 439.73 miles by purchase less 6.76 miles by abandonments and reclassification. The inventoried mileage is 503.936 miles. Of the 17 predecessor companies only the Corvallis and Eastern Railroad Company and the Oregon Central and Eastern Railroad Company improved property completed by others. One corporation, the Oregon Western Railway Company, partly constructed a road which was subsequently abandoned. The 439.73 miles of road constructed by the remaining 14 predecessors were acquired by purchase from 8 corporations as follows: Johnson-Dragoon & Northern Railway, 8.13 miles; Corvallis and Eastern Railroad Company, 140.74 miles; The Coos Bay, Roseburg and Eastern Railroad and Navigation Company, 28.01 miles; Pacific Railway and Navigation Company, 91.20 miles; Portland, Eugene and Eastern Railway Company, 67.84 miles; The Salem, Falls City and Western Railway Company, 28.35 miles; Willamette Pacific Railroad Company, 73.3 miles; and Southern Pacific Railroad, 2.16 miles. Details with respect to the construction of the property are given in the accounting report.
The Southern Pacific Company uses, or reserves the right to use, on date of valuation facilities owned by other companies and other companies use facilities owned by the Southern Pacific Company 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:
Solely owned, but jointly used, used with— [...]
Solely owned, but not used, leased to—
Solely owned but not used, leased to—
[...]
Jointly used, but not owned, owned by—
Solely used, but not owned, leased from—
The Johnson-Dragoon & Northern Ry. was originally incorporated August 27, 1906, in the Territory of Arizona as the Dragoon Mountain and Northern Railroad Company. The name was changed on February 16, 1907, to Johnson, Dragoon Mountain and Northern Railway and was again changed on September 14, 1908 to Johnson-Dragoon & Northern Ry.
No accounting records of this company were obtained. The information given below was obtained from the records of the Southern Pacific Company.
The records reviewed do not indicate whether the company was controlled by any individual or corporation on November 22, 1911, the date of forclosure[sic] sale, nor, whether it then controlled any common-carrier corporation. The property of this company was operated by its own organization from the date it was put in operation to date of sale. The railroad owned on date of sale consisted of about 8.13 miles of standard-gage railroad extending from Dragoon to Johnson, Ariz., which had been acquired by construction during 1908.
The authorized capital stock was originally $60,000 par value, shares $100 each. [...]
This company was incorporated December 15, 1897, in Oregon. It was controlled on July 1, 1915, the date of sale, by the Southern Pacific Company through stock ownership. The records reviewed do not indicate that this company then controlled any other common-carrier corporation. The property of this company was operated by its own organization from the date it was acquired, January 24, 1898, to the date of sale. The railroad owned on date of sale aggregated 140.74 miles. It consisted of a single-track, standard-gage, steam railroad, in Oregon, extending from Yaquina to Hoover, and had been acquired from the Oregon Central and Eastern Railroad Company through purchase under deed of January 24, 1898.
[...]
This company was incorporated April 12, 1895, in Oregon. The records reviewed do not indicate that the company was controlled by any individual or corporation on January 24, 1898, the date of sale, nor that it then controlled any common-carrier corporation. The property of this company was operated by its own organization from the date it was acquired, April 13, 1895, to date of sale. However, its accounts include results of corporate operations for the period from December 22, 1894, to January 24, 1898. The railroad owned on date of sale aggregated 140.74 miles. It consisted of a single-track, standard-gage, steam railroad, wholly within Oregon, extending from Yaquina to Hoover.
The entire 140.74 miles of road owned by the company on date of sale had been acquired from the Oregon Pacific Railroad Company and the Willamette Valley & Coast Rail Road Company through foreclosure and reorganization under deed dated April 13, 1895. In addition to the above mileage the company acquired 1.06 miles of road located at or near Hoover, Oreg., which it subsequently abandoned.
[...]
This company was incorporated July 6, 1874, in Oregon. No accounting records of this company were obtained. The information given below has been obtained from the records of the Southern Pacific Company.
The company was controlled on December 22, 1894, the date of foreclosure sale, by the Oregon Pacific Railroad Company through stock ownership. The records reviewed do not indicate that this company then controlled any other common-carrier corporation. The property was operated by the Oregon Pacific Railroad Company from the dates the various sections of the road were placed in operation to October 28, 1890, and by receivers from the latter date to date of sale. The railroad owned on date of sale aggregated 141.8 miles, and consisted of a single-track, standard-gage, steam railroad all in Oregon, extending from Yaquina to Idanha, which had been acquired by construction. The construction work had been performed by the Oregon Pacific Railroad Company. Further details with respect to construction are given in the report on the Southern Pacific Company.
[...]
This company was incorporated September 15, 1880, in Oregon. The accounting records of this company for the period from the date of its organization to October 28, 1890, were found to be incomplete, and those for the period from October 28, 1890, to date of sale, December 24, 1894, were not obtained. Therefore, only partial information can be given from the accounts regarding its financial dealings, corporate operations, or investments. As hereinafter pointed out certain information has been taken from sources other than the accounting records of the company.
The records reviewed do not indicate that this company was controlled by any individual or corporation on December 24, 1894, the date of foreclosure sale. On the other hand, it then controlled through stock ownership, the Willamette Valley & Coast Rail Road Company, whose common-carrier property it operated under the terms of a construction contract.
About September 1880 the company contracted with the Willamette Valley & Coast Rail Road Company to complete the railroad projected by the latter company and to operate completed sections pending the completion of the entire road. The railroad constructed by the Oregon Pacific Railroad Company was operated by its own organization from the dates the several sections were completed until October 28, 1890, and by receivers from the latter date to date of sale. The railroad operated by the receivers of the Oregon Pacific Railroad Company on date of sale was owned by the Willamette Valley & Coast Rail Road Company, and consisted of a single-track, standard-gage, steam railroad aggregating 141.8 miles in Oregon, extending from Yaquina to Idanha.
The 141.8 miles of road operated by the receivers of the company on date of sale had been constructed by it for the Willamette Valley & Coast Rail Road Company. The Oregon Pacific Railroad Company projected and partly graded for its own account a line of road between Idanha, Oreg., and the summit of the Cascade Mountains and in the Malheur River canyon. Further details with respect to this construction are given in the report on the Southern Pacific Company.
[...]
This company was incorporated June 19, 1890, in Oregon. The accounting records of this company were not obtained for the period from the date of incorporation to March 1, 1893. On December 18, 1899, and July 31, 1906, certain records were discontinued and new records started in which no provisions were made for the continuity of the accounts represented in the discontinued reports. Therefore, only partial information can be given from its accounts regarding its financial dealings, corporate operations, or investments.
The company was controlled by the Southern Pacific Company on July 1, 1915, the date of sale, through stock ownership. The records reviewed do not indicate that this company then controlled any common-carrier corporation. The property was operated by its own organization from the date of completion to date of sale.
The railroad owned on date of sale amounted to 28.01 miles. It consisted of a single-track, standard-gage, steam railroad, in Oregon, extending from Marshfield to Myrtle Point, with a branch line to Beaver Hill, all of which had been acquired by construction. Details with respect to construction are given in the report on the Southern Pacific Company.
[...]
This company was incorporated October 13, 1905, in Oregon. The company was controlled on July 1, 1915, the date of sale, by the Southern Pacific Company, through stock ownership. The records reviewed do not indicate that this company then controlled and common-carrier corporation. The property was operated by its own organization from the date of completion to date of sale. The railroad owned on date of sale amounted to 91.20 miles. It consisted of a single-track, standard-gage, steam railroad, wholly within Oregon, extending from Hillsboro to Tillamook, which had been acquired by construction. Details with respect to the construction of this property are given in the report on the Southern Pacific Company.
[...]
This company was incorporated November 25, 1907, in Oregon. It was controlled on July 1, 1915, the date of sale, by the Southern Pacific Company through stock ownership. Records reviewed do not indicate that this company then controlled any common-carrier corporation. The property of this company was operated by its own organization from the dates acquired to date of sale.
The property owned by the company on date of sale consisted of 67.84 miles of single-track, standard-gage, steam railroad, and 34.94 miles of local electric lines, in Oregon. Details of this mileage are shown in the accounting report on the Southern Pacific. In addition, the company owned 1.90 miles of steam road and 0.61 mile of electric line on date of sale which were not in operation.
Of the 67.84 miles of steam road owned by this company on date of sale, it had acquired 28.08 miles from the Corvallis and Alsea River Railway Company, 5.35 miles from the Sheridan and Willamina Railroad Company, and 34.41 miles by construction.
In addition, the company had acquired by construction 1.90 miles of steam road in Eleventh Street, Eugene, Oreg., which had not been opened for operation.
Of the 34.94 miles of local electric lines owned on date of sale, it had acquired 0.87 mile from H. Hirschberg, 16.70 miles from the Portland Railway, Light and Power Company, 3.37 miles by construction, and 14 miles by completion of construction begun by the Eugene and Eastern Railway Company.
In addition, the company owned 0.61 mile of nonoperated electric line in Front Street, Salem, Oreg., but the manner in which it was acquired is not indicated by the records reviewed.
Details with respect to construction are given in the report on the Southern Pacific Company.
Syndicating, banking, and other financial arrangements.—[...]
This company was incorporated May 11, 1907, in Oregon. The records reviewed do not indicate that the company was controlled by any individual or corporation on December 27, 1907, the date of sale, nor that it then controlled any common-carrier corporation. The property was operated by its own organization from the date of completion to date of sale. The railroad owned on date of sale aggregated about 14 miles and consisted of constructed and partly constructed urban and interurban electric lines in and near the cities of Eugene and Springfield, Oreg., which had been acquired by construction during 1907.
[...]
This company was incorporated July 19, 1907, in Oregon. No accounting records of this company were obtained. The information given below was obtained from the records of the Southern Pacific Company, published reports of the Railroad Commission of Oregon, and from other sources.
The records reviewed do not indicate that the company was controlled by any individual or corporation on July 20, 1911, the date of sale, nor that it then controlled any common-carrier corporation. The property was operated by its own organization from the date of completion to date of sale. The railroad owned on date of sale was a single-track, standard-gage, steam railroad, all in Oregon, aggregating 28.08 miles. It consisted of a main line extending from Corvallis to Monroe, with branch lines to Glenbrook and Dawson, all of which had been acquired by construction during the period 1908 to 1910.
[...]
This company was incorporated May 4, 1907, in Oregon. No accounting records of this company were obtained. The 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 June 9, 1913, the date of sale, nor that it then controlled any common-carrier corporation. The property was operated by its own organization from the date of completion to April 1, 1913, and by the Portland, Eugene and Eastern Railway Company from the latter date to date of sale. The railroad owned on date of sale was a single-track, standard-gage, steam railroad all in Oregon, aggregating 5.35 miles. It extended from Sheridan to Willamina, and was acquired by construction during 1907.
[...]
This company was incorporated October 24, 1901, in Oregon. The accounting records of the company for the period prior to November 2, 1909, were incomplete. Therefore, only partial Information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data given below appertaining to the period for which the accounting records are incomplete were btained from other sources.
The company was controlled on July 1, 1915, the date of sale, by the Southern Pacific Company through stock ownership. The records reviewed do not indicate that this company then controlled any common-carrier corporation.
The property was operated by its own organization from the date of completion to date of sale.
The railroad owned on date of sale aggregated 28.35 miles. It consisted of a single-track, standard-gage, steam railroad, in Oregon, extending from Black Rock to Salem.
The road owned by the company on date of sale was acquired by construction. The clearing, grading, and culvert work on about 10 miles of road between Dallas and Falls City, Oreg., was performed by Louis Gerlinger, Jr., and George T. Gerlinger, who then controlled this company through ownership of a majority of the outstanding stock. Construction of about 14 miles of road between Dallas and West Salem, Oreg., was performed by contractors, who were not identified as being affiliated with the company. Further details with respect to construction are given in the report on the Southern Pacific Company.
[...]
The company was incorporated June 14, 1911, in Oregon.
It was controlled on July 1, 1915, the date of sale, by the Southern Pacific Company through stock ownership. The records reviewed do not indicate that this company then controlled any common-carrier corporation.
The property of this company was operated by its construction department from the date of completion of the several sections, to date of sale.
The railroad owned on date of sale consisted of 73.3 miles of completed and 47.15 miles of partially completed single-track, standard-gage, steam railroad between Marshfield and Eugene, all in Oregon.
The company had under construction on date of sale a line of railroad between Marshfield and Eugene, Oreg., about 120.45 miles, of which 73.3 miles had been completed.
Of the 73.3 miles of completed road owned by the company on date of sale, 71.70 miles had been acquired by construction, and 1.60 miles by completion of construction of a partially constructed road acquired from the Terminal Railway. Of the constructed road, certain right-of-way, surveys, and a partially constructed road between Eugene and Marshfield had been acquired from The Pacific Great Western Railway Company, the Pacific Coast Line Railway Company, and the West Coast Construction Company.
The company acquired from the Oregon Western Railway Company a projected and partly constructed road between Drain and Marshfield, Oreg., about 73 miles. Of this road, a wye track at Drain was sold to the Oregon and California Rail Road Company and the remainder, stated in the report on the Southern Pacific Company, was subsequently abandoned by that company.
Further details with respect to construction are given in the report on the Southern Pacific Company.
[...]
This company was incorporated January 11, 1911, in Oregon. No accounting records of this company were obtained. The information stated below was obtained from the records of the Southern Pacific Company. The records reviewed do not indicate whether the company was controlled by any individual or corporation on June 15, 1912, the date of sale, nor whether it then controlled any common-carrier corporation.
The Pacific Great Western Railway Company owned on date of sale sundry parcels of right-of-way for a proposed line between Eugene and Florence, Oreg., a small section of which had been graded.
The investment of The Pacific Great Western Railway Company in road, including land, no equipment being owned, on date of sale, cannot be stated, owing to lack of records.
This company, together with the Pacific Coast Line Railway Company and the West Coast Construction Company (not a predecessor) jointly conveyed to the Willamette Pacific Railroad Company on June 15, 1912, certain property described as right-of-way, surveys, and a partially constructed railroad between Eugene and Marshfield, Oreg. The records of the Southern Pacific Company indicate that $125,000 was paid by it [...]
The company was incorporated August 24, 1911, in Oregon. No accounting records of this company were obtained. The information given below was obtained from the records of the Southern Pacific Company. The records reviewed do not indicate whether the company was controlled by any individual or corporation on June 15, 1912, the date of sale, nor whether it then controlled any common-carrier corporation. The company owned on date of sale certain right-of-way lands between Acme and Marshfield, Oreg., but had not constructed any railroad. The investment of the company in road, including land, no equipment being owned, cannot be stated, owing to lack of records. Its property, together with property of The Pacific Great Western Railway Company and the West Coast Construction Company (not a predecessor) was conveyed to the Willamette Pacific Railroad Company under conditions as described in the report on The Pacific Great Western Railway Company.
The Terminal Railway was incorporated September 2, 1911, in Oregon. The records reviewed do not indicate whether the company was controlled by any individual or corporation on December 9, 1913, the date of sale, nor, whether it then controlled any common-carrier corporation.
The Terminal Railway owned on the date of sale approximately 1.60 miles of partially completed standard-gage railroad in the city of Marshfield, Oreg. Its two lines extended from Ingersoll Avenue to Golden Avenue, and from Central Avenue to the north limits of the city. This property was acquired by construction during 1913, but had not been placed in operation to date of sale.
The authorized capital stock was $200,000 par [...]
This company was incorporated August 21, 1905, in Oregon. It was controlled on July 3, 1914, the date of sale, by the Southern Pacific Company through stock ownership. The records reviewed do not indicate that this company then controlled any common-carrier corporation. The property owned on date of sale consisted of a partly constructed railroad between Drain and Marshfield, Oreg., and comprised about 34 miles of right-of-way on which certain construction work had been done between 1905 and 1914.
Capital stock.—
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The railroad operated by the Southern Pacific Company is located in Oregon, California, Nevada, Utah, Arizona, and New Mexico. It comprises a trunk-line railroad, the principal main lines of which extend from Portland, Oreg., southerly via Ashland, Oreg., to Oakland Pier (San Francisco), Calif.; San Francisco southerly via Santa Barbara, Calif., along the coast route, and Oakland Pier via Bakersfield, Calif., along the valley route, to Los Angeles, Calif.; thence southeasterly via Tuscon, Ariz., and Lordsburg, N.Mex., to Rio Grande (El Paso, Tex.); and from Oakland Pier, Calif., via Reno, Nev., to Ogden, Utah. Projecting from these main lines are numerous branches or feeders reaching into the productive mining and agricultural districts. The railroad is mostly single track and is standard gage, with the exception of the line from Keeler, Calif., to Mina, Nev., and Filben branch, which are narrow gage. It is operated by steam except the electric suburban lines at Alameda, Berkeley, and Oakland, Calif., while some of the lines in the vicinity of Portland, Oreg., are used for both steam and electrically operated equipment. The company operates a coastwise line of steamships plying between New York City, New Orleans, Galveston, Havana, and other ports. It also operates ferry lines across San Francisco Bay, river boats between San Francisco and Sacramento, and facilities for transferring equipment across the Sacramento River between Port Costa and Benicia, Calif. The principal cities served by this road are Eugene, Portland, and Salem, Oreg.; Alameda, Bakersfield, Berkeley, Fresno, Long Beach, Los Angeles, Oakland, Pasadena, Riverside, Sacramento, San Bernardino, San Francisco, San Jose, Santa Barbara, Stockton, and Vallejo, Calif.; Reno, Nev.; Ogden, Utah; Tucson, Ariz.; and El Paso, Tex.
The railroad property owned by the Southern Pacific Company is located largely in the State of Oregon and consists principally of single-track branch lines projecting from Hillsboro to Tillamook, Eugene to Myrtle Point, Corvallis to Transfer, Albany to Hoover, Albany to Yaquina, Salem to Black Rock, and several small detached lines. The property owned in California consists of a double-track branch line extending from San Francisco to San Bruno and South San Francisco with electric suburban lines in Alameda. The company also owns the steamships operating on the Atlantic seaboard. The main lines and branches are used under lease as hereinafter mentioned.
The Southern Pacific Company wholly owns and uses 487.060 miles of road with 12.540 miles of second main track. It also wholly owns but does not use 16.876 miles of road, consisting of 8.732 miles of road between El Centro and Seeley, Calif., leased to the Holton Interurban Railway Company, and 8.144 miles of road between Dragoon and Johnson, Ariz., leased to the Cobriza Mines Development Corporation, a noncarrier. The road wholly used but not owned consists of 6,418.956 miles, of which 166.309 miles are narrow gage, leased from lessors included in this report and 45.662 miles leased from other companies. The latter mileage comprises 8.505 miles of single-track railroad extending from Biola to Biola Junction, Calif., leased from the Fresno Traction Company; 16.253 miles of road, most of which is single track, extending from Mayfield to Vasona Junction, Calif., leased from the Peninsular Railway Company, 2.122 miles of single-track railroad extending from Ogden to Cecil Junction, Utah, leased from the Union Pacific Railroad Company, and 18.782 miles of single-track railroad extending from Myrtle Point to Powers, Oreg., leased from the C. A. Smith Lumber and Manufacturing Company. The jointly used but not owned mileage aggregates 5.347 undivided miles of road which includes a double-track main line 0.303 mile long with a large bridge over the Willamette River at East Portland, Oreg., owned by a lessor with the Oregon-Washington Railroad & Navigation Company, and 5.044 miles of single-track railroad between Richmond and Winehaven, Calif., owned wholly by the Richmond Belt Railway and used jointly by the Southern Pacific Company and The Atchison, Topeka and Santa Fe Railway Company.
There is given below a short description of the properties of the lessor companies included in this report, all of which are standard-gage railroads, are operated by steam except when otherwise indicated, and are used in their entirety by the Southern Pacific Company except that certain lands, tracks, equipment, and other miscellaneous items of property are leased to other parties.
The records reviewed do not indicate that the Southern Pacific Company is controlled by any individual, association, or corporation. On the other hand, the company directly controls to the extent shown, the following companies whose common-carrier properties are operated by the companies named.
The company controls through 100 percent stock ownership the following-named companies whose common-carrier property it operated on date of valuation under arrangements described under leased railway property: Beaverton & Willsburg Railroad Company, Central Pacific Railway Company, Coast Line Railway Company, Hanford and Summit Lake Railway Company, Inter-California Railway Company, Porterville Northeastern Railway Company, South Pacific Coast Railway Company, Southern Pacific Railroad Company, and Tucson and Nogales Railroad Company. It also controls the Oregon and California Rail Road Company through 99.75 percent stock ownership.
The following-named companies whose properties are operated by their own organizations are controlled by the Southern Pacific Company through stock ownership as indicated: Arizona Eastern Railroad Company, 99.99 percent; Fresno Traction Company, Lake Charles & Northern Railroad Company, Louisiana Western Railroad Company, Morgan's Louisiana and Texas Railroad and Steamship Company, Pacific Electric Company, and Peninsular Railway Company, 100 percent; The Galveston, Harrisburg and San Antonio Railway Company, Houston and Shreveport Railroad Company, Houston and Texas Central Railroad Company, and Texas and New Orleans Railroad Company, 99 percent; Houston East and West Texas Railway Company, 99.95 percent; and Southern Pacific Terminal Company, 99.98 percent. It also controlled 100 percent the Phoenix and Eastern Railroad Company, which was operated by the Arizona Eastern Railroad Company.
The Southern Pacific Company indirectly controls through ownership of the entire capital stock of the Southern Pacific Railroad Company, the controlling company, the New Mexico and Arizona Railroad Company, whose common-carrier property is operated by the Southern Pacific Company.
The Southern Pacific Company controls jointly with The Atchison, Topeka and Santa Fe Railway Company, through equal ownership of the entire capital stock, the Northwestern Pacific Railroad Company and the Sunset Railway Company, the common-carrier properties of which are operated by their own organizations. It is provided by agreement between the Southern Pacific Company and The Atchison, Topeka and Santa Fe Railway Company that for the Sunset Railway Company certain offices, in alternate 5-year periods, shall be filled by certain officials of the Southern Pacific Company and The Atchison, Topeka and Santa Fe Railway Company, respectively.
The Southern Pacific Company directly controls, to the extent indicated, the following corporations, comprising a railroad company operating in the Republic of Mexico, and steamship, electric railroad, and noncarrier companies: 100 percent stock ownership, Albion Lumber Company, Charles R. Allen Company, Beaver Hill Coal Company, East Coal Oil Company, Importers Bonded Warehouse Company, Iron Chief Mining Company, Kern Trading and Oil Company, Rifled Pipe Company, Rio Bravo Oil Company, Rockaway Pacific Corporation, San Jose Railroads, San Jose and Santa Clara County Railroad Company, Southern Pacific Building Company, Southern Pacific Land Company, Southern Pacific Railroad Company of Mexico, Stockton Electric Railroad Company, Sunset Development Company, Texas Town Lot Company, Visalia Electric Railway Company. Associated Oil Company, 50.17 percent. Fresno City Railway Company and Nile Steamship Company, 99.70 percent.
It jointly controls with other companies to the extent indicated, the following corporations: Pacific Fruit Express Company, jointly controlled with Union Pacific Railroad Company, 50 percent; Associated Pipe Line Company, jointly controlled with Associated Oil Company, 50 percent.
The property of the Southern Pacific Company has been operated by its own organization from the dates of acquirement thereof to date of valuation, except the section from El Centro to Seeley, Calif., 8.732 miles, which has been operated by the Holton Interurban Railway Company, and the section from Dragoon to Johnson, Ariz., 8.144 miles, which has been operated by the Cobriza Mines Development Corporation, a noncarrier corporation.
The Southern Pacific Company was incorporated in perpetuity by a special act [...] The Southern Pacific Company acquired the proprety, rights, and franchises of seven railroad corporations. The company, itself, and those corporations, together with their predecessors total 18 different corporations, of which one underwent two changes of name, and comprise the line of corporate succession culminating in the Southern Pacific Company as at present constituted.
The names of the corporations, the respective dates of incorporation, and for each predecessor the date and manner of succession follow.
No. | Name | Incorporation | Succession |
---|---|---|---|
1. | Southern Pacific Company. | By special act of Kentucky, March 17, 1884. | |
2. | Johnson-Dragoon & Northern Railway. | See 4. | Sold at foreclosure November 22, 1911, and conveyed December 24, 1912, to 1. |
3. | Johnson, Dragoon Mountain and Northern Railway. | See 4. | Name changed to 2, September 14, 1908. |
4. | Dragoon Mountain and Northern Railroad Company. | Under general laws of Territory of Arizona, August 27, 1906. | Name changed to 3, February 16, 1907. |
5. | Corvallis and Eastern Railroad Company. | Under general laws of Oregon, December 15, 1897. | Sold to 1, July 1, 1915. |
6. | Oregon Central and Eastern Railroad Company. | Under general laws of Oregon, April 12, 1895. | Sold to 5, January 24, 1898. |
7. | Willamette Valley & Coast Rail Road Company. | Under general laws of Oregon, July 6, 1874. | Sold at foreclosure December 22, 1894, after receivership begun October 28, 1890, to E. L. Bonner and A. B. Hammond, who conveyed it April 13, 1895, to 6. |
8. | Oregon Pacific Railroad Company. | Under general laws of Oregon, September 15, 1880. | Sold at foreclosure December 22, 1894, after receivership begun October 28, 1890, to E. L. Bonner and A. B. Hammond, who conveyed it April 13, 1895, to 6. |
9. | The Coos Bay, Roseburg and Eastern Railroad and Navigation Company. | Under general laws of Oregon, June 19, 1890. | Sold to 1, July 1, 1915. |
10. | Pacific Railway and Navigation Company. | Under general laws of Oregon, October 13, 1905. | Sold to 1, July 1, 1915. |
11. | Portland, Eugene and Eastern Railway Company. | Under general laws of Oregon, November 25, 1907. | Sold to 1, July 1, 1915. |
12. | Eugene and Eastern Railway Company. | Under general laws of Oregon, May 11, 1907. | Sold to 11, December 27, 1907. |
13. | Corvallis and Alsea River Railway Company. | Under general laws of Oregon, July 19, 1907. | Sold to 11, July 20, 1911. |
14. | Sheridan and Willamina Railroad Company. | Under general laws of Oregon, May 4, 1907. | Sold to 11, June 9, 1913. |
15. | The Salem, Falls City and Western Railway Company. | Under general laws of Oregon, October 24, 1901. | Sold to 1, July 1, 1915. |
16. | Willamette Pacific Railroad Company. | Under general laws of Oregon, June 14, 1911. | Sold to 1, July 1, 1915. |
17. | The Pacific Great Western Railway Company. | Under general laws of Oregon, January 11, 1911. | Sold to 16, June 15, 1912. |
18. | Pacific Coast Line Railway Company. | Under general laws of Oregon, August 24, 1911. | Sold to 16, June 15, 1912. |
19. | Terminal Railway. | Under general laws of Oregon, September 2, 1911. | Sold to 16, December 9, 1913. |
20. | Oregon Western Railway Company. | Under general laws of Oregon, August 21, 1905. | Sold to 16, July 3, 1914. |
The recorded mileage owned by the Southern Pacific Company amounts to 501.56 miles, of which 68.59 miles were acquired by construction and 439.73 miles by purchase less 6.76 miles by abandonments and reclassification. The inventoried mileage is 503.936 miles. Of the 17 predecessor companies only the Corvallis and Eastern Railroad Company and the Oregon Central and Eastern Railroad Company improved property completed by others. One corporation, the Oregon Western Railway Company, partly constructed a road which was subsequently abandoned. The 439.73 miles of road constructed by the remaining 14 predecessors were acquired by purchase from 8 corporations as follows: Johnson-Dragoon & Northern Railway, 8.13 miles; Corvallis and Eastern Railroad Company, 140.74 miles; The Coos Bay, Roseburg and Eastern Railroad and Navigation Company, 28.01 miles; Pacific Railway and Navigation Company, 91.20 miles; Portland, Eugene and Eastern Railway Company, 67.84 miles; The Salem, Falls City and Western Railway Company, 28.35 miles; Willamette Pacific Railroad Company, 73.3 miles; and Southern Pacific Railroad, 2.16 miles. Details with respect to the construction of the property are given in the accounting report.
The Southern Pacific Company uses, or reserves the right to use, on date of valuation facilities owned by other companies and other companies use facilities owned by the Southern Pacific Company 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:
Solely owned, but jointly used, used with— [...]
Solely owned, but not used, leased to—
Solely owned but not used, leased to—
[...]
Jointly used, but not owned, owned by—
Solely used, but not owned, leased from—
The Johnson-Dragoon & Northern Ry. was originally incorporated August 27, 1906, in the Territory of Arizona as the Dragoon Mountain and Northern Railroad Company. The name was changed on February 16, 1907, to Johnson, Dragoon Mountain and Northern Railway and was again changed on September 14, 1908 to Johnson-Dragoon & Northern Ry.
No accounting records of this company were obtained. The information given below was obtained from the records of the Southern Pacific Company.
The records reviewed do not indicate whether the company was controlled by any individual or corporation on November 22, 1911, the date of forclosure[sic] sale, nor, whether it then controlled any common-carrier corporation. The property of this company was operated by its own organization from the date it was put in operation to date of sale. The railroad owned on date of sale consisted of about 8.13 miles of standard-gage railroad extending from Dragoon to Johnson, Ariz., which had been acquired by construction during 1908.
The authorized capital stock was originally $60,000 par value, shares $100 each. [...]
This company was incorporated December 15, 1897, in Oregon. It was controlled on July 1, 1915, the date of sale, by the Southern Pacific Company through stock ownership. The records reviewed do not indicate that this company then controlled any other common-carrier corporation. The property of this company was operated by its own organization from the date it was acquired, January 24, 1898, to the date of sale. The railroad owned on date of sale aggregated 140.74 miles. It consisted of a single-track, standard-gage, steam railroad, in Oregon, extending from Yaquina to Hoover, and had been acquired from the Oregon Central and Eastern Railroad Company through purchase under deed of January 24, 1898.
[...]
This company was incorporated April 12, 1895, in Oregon. The records reviewed do not indicate that the company was controlled by any individual or corporation on January 24, 1898, the date of sale, nor that it then controlled any common-carrier corporation. The property of this company was operated by its own organization from the date it was acquired, April 13, 1895, to date of sale. However, its accounts include results of corporate operations for the period from December 22, 1894, to January 24, 1898. The railroad owned on date of sale aggregated 140.74 miles. It consisted of a single-track, standard-gage, steam railroad, wholly within Oregon, extending from Yaquina to Hoover.
The entire 140.74 miles of road owned by the company on date of sale had been acquired from the Oregon Pacific Railroad Company and the Willamette Valley & Coast Rail Road Company through foreclosure and reorganization under deed dated April 13, 1895. In addition to the above mileage the company acquired 1.06 miles of road located at or near Hoover, Oreg., which it subsequently abandoned.
[...]
This company was incorporated July 6, 1874, in Oregon. No accounting records of this company were obtained. The information given below has been obtained from the records of the Southern Pacific Company.
The company was controlled on December 22, 1894, the date of foreclosure sale, by the Oregon Pacific Railroad Company through stock ownership. The records reviewed do not indicate that this company then controlled any other common-carrier corporation. The property was operated by the Oregon Pacific Railroad Company from the dates the various sections of the road were placed in operation to October 28, 1890, and by receivers from the latter date to date of sale. The railroad owned on date of sale aggregated 141.8 miles, and consisted of a single-track, standard-gage, steam railroad all in Oregon, extending from Yaquina to Idanha, which had been acquired by construction. The construction work had been performed by the Oregon Pacific Railroad Company. Further details with respect to construction are given in the report on the Southern Pacific Company.
[...]
This company was incorporated September 15, 1880, in Oregon. The accounting records of this company for the period from the date of its organization to October 28, 1890, were found to be incomplete, and those for the period from October 28, 1890, to date of sale, December 24, 1894, were not obtained. Therefore, only partial information can be given from the accounts regarding its financial dealings, corporate operations, or investments. As hereinafter pointed out certain information has been taken from sources other than the accounting records of the company.
The records reviewed do not indicate that this company was controlled by any individual or corporation on December 24, 1894, the date of foreclosure sale. On the other hand, it then controlled through stock ownership, the Willamette Valley & Coast Rail Road Company, whose common-carrier property it operated under the terms of a construction contract.
About September 1880 the company contracted with the Willamette Valley & Coast Rail Road Company to complete the railroad projected by the latter company and to operate completed sections pending the completion of the entire road. The railroad constructed by the Oregon Pacific Railroad Company was operated by its own organization from the dates the several sections were completed until October 28, 1890, and by receivers from the latter date to date of sale. The railroad operated by the receivers of the Oregon Pacific Railroad Company on date of sale was owned by the Willamette Valley & Coast Rail Road Company, and consisted of a single-track, standard-gage, steam railroad aggregating 141.8 miles in Oregon, extending from Yaquina to Idanha.
The 141.8 miles of road operated by the receivers of the company on date of sale had been constructed by it for the Willamette Valley & Coast Rail Road Company. The Oregon Pacific Railroad Company projected and partly graded for its own account a line of road between Idanha, Oreg., and the summit of the Cascade Mountains and in the Malheur River canyon. Further details with respect to this construction are given in the report on the Southern Pacific Company.
[...]
This company was incorporated June 19, 1890, in Oregon. The accounting records of this company were not obtained for the period from the date of incorporation to March 1, 1893. On December 18, 1899, and July 31, 1906, certain records were discontinued and new records started in which no provisions were made for the continuity of the accounts represented in the discontinued reports. Therefore, only partial information can be given from its accounts regarding its financial dealings, corporate operations, or investments.
The company was controlled by the Southern Pacific Company on July 1, 1915, the date of sale, through stock ownership. The records reviewed do not indicate that this company then controlled any common-carrier corporation. The property was operated by its own organization from the date of completion to date of sale.
The railroad owned on date of sale amounted to 28.01 miles. It consisted of a single-track, standard-gage, steam railroad, in Oregon, extending from Marshfield to Myrtle Point, with a branch line to Beaver Hill, all of which had been acquired by construction. Details with respect to construction are given in the report on the Southern Pacific Company.
[...]
This company was incorporated October 13, 1905, in Oregon. The company was controlled on July 1, 1915, the date of sale, by the Southern Pacific Company, through stock ownership. The records reviewed do not indicate that this company then controlled and common-carrier corporation. The property was operated by its own organization from the date of completion to date of sale. The railroad owned on date of sale amounted to 91.20 miles. It consisted of a single-track, standard-gage, steam railroad, wholly within Oregon, extending from Hillsboro to Tillamook, which had been acquired by construction. Details with respect to the construction of this property are given in the report on the Southern Pacific Company.
[...]
This company was incorporated November 25, 1907, in Oregon. It was controlled on July 1, 1915, the date of sale, by the Southern Pacific Company through stock ownership. Records reviewed do not indicate that this company then controlled any common-carrier corporation. The property of this company was operated by its own organization from the dates acquired to date of sale.
The property owned by the company on date of sale consisted of 67.84 miles of single-track, standard-gage, steam railroad, and 34.94 miles of local electric lines, in Oregon. Details of this mileage are shown in the accounting report on the Southern Pacific. In addition, the company owned 1.90 miles of steam road and 0.61 mile of electric line on date of sale which were not in operation.
Of the 67.84 miles of steam road owned by this company on date of sale, it had acquired 28.08 miles from the Corvallis and Alsea River Railway Company, 5.35 miles from the Sheridan and Willamina Railroad Company, and 34.41 miles by construction.
In addition, the company had acquired by construction 1.90 miles of steam road in Eleventh Street, Eugene, Oreg., which had not been opened for operation.
Of the 34.94 miles of local electric lines owned on date of sale, it had acquired 0.87 mile from H. Hirschberg, 16.70 miles from the Portland Railway, Light and Power Company, 3.37 miles by construction, and 14 miles by completion of construction begun by the Eugene and Eastern Railway Company.
In addition, the company owned 0.61 mile of nonoperated electric line in Front Street, Salem, Oreg., but the manner in which it was acquired is not indicated by the records reviewed.
Details with respect to construction are given in the report on the Southern Pacific Company.
Syndicating, banking, and other financial arrangements.—[...]
This company was incorporated May 11, 1907, in Oregon. The records reviewed do not indicate that the company was controlled by any individual or corporation on December 27, 1907, the date of sale, nor that it then controlled any common-carrier corporation. The property was operated by its own organization from the date of completion to date of sale. The railroad owned on date of sale aggregated about 14 miles and consisted of constructed and partly constructed urban and interurban electric lines in and near the cities of Eugene and Springfield, Oreg., which had been acquired by construction during 1907.
[...]
This company was incorporated July 19, 1907, in Oregon. No accounting records of this company were obtained. The information given below was obtained from the records of the Southern Pacific Company, published reports of the Railroad Commission of Oregon, and from other sources.
The records reviewed do not indicate that the company was controlled by any individual or corporation on July 20, 1911, the date of sale, nor that it then controlled any common-carrier corporation. The property was operated by its own organization from the date of completion to date of sale. The railroad owned on date of sale was a single-track, standard-gage, steam railroad, all in Oregon, aggregating 28.08 miles. It consisted of a main line extending from Corvallis to Monroe, with branch lines to Glenbrook and Dawson, all of which had been acquired by construction during the period 1908 to 1910.
[...]
This company was incorporated May 4, 1907, in Oregon. No accounting records of this company were obtained. The 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 June 9, 1913, the date of sale, nor that it then controlled any common-carrier corporation. The property was operated by its own organization from the date of completion to April 1, 1913, and by the Portland, Eugene and Eastern Railway Company from the latter date to date of sale. The railroad owned on date of sale was a single-track, standard-gage, steam railroad all in Oregon, aggregating 5.35 miles. It extended from Sheridan to Willamina, and was acquired by construction during 1907.
[...]
This company was incorporated October 24, 1901, in Oregon. The accounting records of the company for the period prior to November 2, 1909, were incomplete. Therefore, only partial Information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data given below appertaining to the period for which the accounting records are incomplete were btained from other sources.
The company was controlled on July 1, 1915, the date of sale, by the Southern Pacific Company through stock ownership. The records reviewed do not indicate that this company then controlled any common-carrier corporation.
The property was operated by its own organization from the date of completion to date of sale.
The railroad owned on date of sale aggregated 28.35 miles. It consisted of a single-track, standard-gage, steam railroad, in Oregon, extending from Black Rock to Salem.
The road owned by the company on date of sale was acquired by construction. The clearing, grading, and culvert work on about 10 miles of road between Dallas and Falls City, Oreg., was performed by Louis Gerlinger, Jr., and George T. Gerlinger, who then controlled this company through ownership of a majority of the outstanding stock. Construction of about 14 miles of road between Dallas and West Salem, Oreg., was performed by contractors, who were not identified as being affiliated with the company. Further details with respect to construction are given in the report on the Southern Pacific Company.
[...]
The company was incorporated June 14, 1911, in Oregon.
It was controlled on July 1, 1915, the date of sale, by the Southern Pacific Company through stock ownership. The records reviewed do not indicate that this company then controlled any common-carrier corporation.
The property of this company was operated by its construction department from the date of completion of the several sections, to date of sale.
The railroad owned on date of sale consisted of 73.3 miles of completed and 47.15 miles of partially completed single-track, standard-gage, steam railroad between Marshfield and Eugene, all in Oregon.
The company had under construction on date of sale a line of railroad between Marshfield and Eugene, Oreg., about 120.45 miles, of which 73.3 miles had been completed.
Of the 73.3 miles of completed road owned by the company on date of sale, 71.70 miles had been acquired by construction, and 1.60 miles by completion of construction of a partially constructed road acquired from the Terminal Railway. Of the constructed road, certain right-of-way, surveys, and a partially constructed road between Eugene and Marshfield had been acquired from The Pacific Great Western Railway Company, the Pacific Coast Line Railway Company, and the West Coast Construction Company.
The company acquired from the Oregon Western Railway Company a projected and partly constructed road between Drain and Marshfield, Oreg., about 73 miles. Of this road, a wye track at Drain was sold to the Oregon and California Rail Road Company and the remainder, stated in the report on the Southern Pacific Company, was subsequently abandoned by that company.
Further details with respect to construction are given in the report on the Southern Pacific Company.
[...]
This company was incorporated January 11, 1911, in Oregon. No accounting records of this company were obtained. The information stated below was obtained from the records of the Southern Pacific Company. The records reviewed do not indicate whether the company was controlled by any individual or corporation on June 15, 1912, the date of sale, nor whether it then controlled any common-carrier corporation.
The Pacific Great Western Railway Company owned on date of sale sundry parcels of right-of-way for a proposed line between Eugene and Florence, Oreg., a small section of which had been graded.
The investment of The Pacific Great Western Railway Company in road, including land, no equipment being owned, on date of sale, cannot be stated, owing to lack of records.
This company, together with the Pacific Coast Line Railway Company and the West Coast Construction Company (not a predecessor) jointly conveyed to the Willamette Pacific Railroad Company on June 15, 1912, certain property described as right-of-way, surveys, and a partially constructed railroad between Eugene and Marshfield, Oreg. The records of the Southern Pacific Company indicate that $125,000 was paid by it [...]
The company was incorporated August 24, 1911, in Oregon. No accounting records of this company were obtained. The information given below was obtained from the records of the Southern Pacific Company. The records reviewed do not indicate whether the company was controlled by any individual or corporation on June 15, 1912, the date of sale, nor whether it then controlled any common-carrier corporation. The company owned on date of sale certain right-of-way lands between Acme and Marshfield, Oreg., but had not constructed any railroad. The investment of the company in road, including land, no equipment being owned, cannot be stated, owing to lack of records. Its property, together with property of The Pacific Great Western Railway Company and the West Coast Construction Company (not a predecessor) was conveyed to the Willamette Pacific Railroad Company under conditions as described in the report on The Pacific Great Western Railway Company.
The Terminal Railway was incorporated September 2, 1911, in Oregon. The records reviewed do not indicate whether the company was controlled by any individual or corporation on December 9, 1913, the date of sale, nor, whether it then controlled any common-carrier corporation.
The Terminal Railway owned on the date of sale approximately 1.60 miles of partially completed standard-gage railroad in the city of Marshfield, Oreg. Its two lines extended from Ingersoll Avenue to Golden Avenue, and from Central Avenue to the north limits of the city. This property was acquired by construction during 1913, but had not been placed in operation to date of sale.
The authorized capital stock was $200,000 par [...]
This company was incorporated August 21, 1905, in Oregon. It was controlled on July 3, 1914, the date of sale, by the Southern Pacific Company through stock ownership. The records reviewed do not indicate that this company then controlled any common-carrier corporation. The property owned on date of sale consisted of a partly constructed railroad between Drain and Marshfield, Oreg., and comprised about 34 miles of right-of-way on which certain construction work had been done between 1905 and 1914.
Capital stock.—