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VALUATION DOCKET No. 959
NORTHERN PACIFIC RAILWAY COMPANY ET AL.1

Submitted February 6, 1928. Decided May 17, 1929

1. Final value for rate-making purposes, as of June 30, 1917, of the property owned or used by Northern Pacific Railway Company


  1. This report embraces the following valuation dockets: No. 959, Northern Pacific Railway Company; No. 836, The Duluth Union Depot and Transfer Company; No. 802, Minnesota and International Railway Company and Big Fork and Northern Railway Company; No. 671, Centralia Eastern Railroad Company; No. 676, Billings and Central Montana Railway Company.


The Northern Pacific, itself, and those corporations, together with their predecessors, total 86 different corporations, of which 10, including the Northern Pacific, underwent a change of name, and comprise the line of corporate succession


No. Name Incorporation Succession
1 Northern Pacific Railway Company. See 2.
2 Superior and St. Croix Railroad Company. Under special act of Wisconsin, Mar. 15, 1870. Name changed to 1, July 10, 1896.
3 Northern Pacific Railroad Company. Under Act of Congress, July 2, 1864. Sold at foreclosure July 25, 1896, after receivership begun Aug. 15, 1893, and conveyed Aug. 18, 1896, to 1.
4 Saint Paul and Northern Pacific Railway Company. See 5. Sold to 1, Nov. 2, 1896.
5 Western Railroad Company of Minnesota. Under general laws of Minnesota, Jan. 31, 1874. Name changed to 4, May 9, 1883.
6 The Coeur d'Alene Railway and Navigation Company. Under general laws of Territory of Montana, July 6, 1886. Sold at foreclosure Jan. 11, 1897, after receivership begun Oct. 10, 1893, and conveyed Jan. 26, 1897, to 1.
7 Coeur d'Alene Steam Navigation and Transportation Company. Under general laws of Territory of Washington, Feb. 6, 1888. Sold to 6, date unknown.
8 Canyon Creek Railroad Company. Under general laws of Territory of Idaho, July 14, 1887. Sold to 6, Aug. 29, 1888.
9 Clealum Railroad Company. Under general laws of Territory of Washington, Sept. 17, 1886. Sold to 1, Apr. 21, 1898.
10 The Duluth and Manitoba Railroad Company. See 11. Do.
11 Duluth and Manitoba Railway Company. Under general laws of Minnesota, June 3, 1884. Name changed to 10, Nov. 19, 1885.
12 The Duluth, Crookston and Northern Rail Road Company. Under general laws of Minnesota, Mar. 4, 1889. Sold to 1, Apr. 21, 1898.
13 Fargo and Southwestern Railroad Company. Under general laws of Territory of Dakota, Aug. 20, 1881. Do.
14 Green River and Northern Railroad Company. Under general laws of Washington, Sept. 22, 1890. Do.
15 Helena and Jefferson County Railroad Company. Under general laws of Territory of Montana, Aug. 10, 1883. Do.
16 James River Valley Railroad Company. Under general laws of Territory of Dakota. Aug. 2, 1883. Do.
17 The Jamestown & Northern Railroad Company. Under general laws of Territory of Dakota, Sept. 17, 1881. Do.
18 Jamestown and Northern Extension Railroad Company. Under general laws of Territory of Dakota, June 8, 1889. Do.
19 Northern Pacific and Cascade Railroad Company. Under general laws of Territory of Washington, Aug. 23. 1884. Do.
20 Northern Pacific, Fergus and Black Hills Railroad Company. See 21. Do.
21 Minnesota Northern Railroad Company. Under general laws of Minnesota, Feb. 5, 1878. Name changed to 20, Apr. 18, 1881.
22 Northern Pacific, La Moure and Missouri River Railroad Company. Under general laws of Territory of Dakota, Dec. 10, 1886. Sold to 1, Apr. 21, 1898.
23 Northern Pacific and Montana Railroad Company. Under general laws of Territory of Montana, Apr. 23, 1888. Do.
24 Helena, Boulder Valley and Butte Railroad Company. Under general laws of Territory of Montana, Aug. 10, 1886. Sold to 23, Sept. 7, 1888.
25 Helena and Northern Railroad Company. Under general laws of Territory of Montana, Oct. 30, 1886. Do.
26 The Drummond and Philipsburg Railroad Company. Under general laws of Territory of Montana, Jan. 17, 1887. Do.
27 The Missoula and Bitter Root Valley Railroad Company. Under general laws of Territory of Montana, Jan. 17, 1887. Do.
28 Northern Pacific and Puget Sound Shore Railroad Company. Under general laws of Territory of Washington, Aug. 23, 1884. Sold to 1, Apr. 21, 1898.
29 The Puget Sound Shore Railroad Company. Under general laws of Territory of Washington. Aug. 19, 1882. Sold to 28, Oct. 31, 1889.
30 Rocky Fork and Cooke City Railway Company. Under general laws of Territory of Montana, Dec. 30, 1886. Sold to 1, Apr. 21, 1898.
31 Rocky Mountain Railroad Company of Montana. Under general laws of Territory of Montana, July 18, 1881. Do.
32 Sanborn, Coopertown and Turtle Mountain Railroad Company. Under general laws of Territory of Dakota, July 22, 1882. Do.
33 South-Eastern Dakota Railroad Company. Under general laws or Territory of Dakota, Nov. 10, 1886. Do.
34 Spokane Falls and Idaho Railroad Company. Under general laws of Territory of Washington, Oct. 25, 1886. Do.
35 The Tacoma, Orting & Southeastern Railroad Company. Under general laws of Territory of Washington, June 27, 1888. Do.
36 The United Railroads of Washington. Under general laws of Washington, Aug. 2, 1890. Do.
37 Yakima and Pacific Coast Railroad Company. Under general laws of Washington, May 1, 1890. Sold to 36, Feb. 13, 1892.
38 Tacoma, Olympia and Grays Harbor Railroad Company. Under general laws of Washington, May 7, 1890. Do.
39 Montana Railway Company. Under general laws of Territory of Montana, Dec. 17, 1881. Sold to 1, Oct. 7, 1898.
40 Montana Union Railway Company. Under general laws of Territory of Montana, June 28, 1886. Assignment to 1, of leasehold interest, Oct. 7, 1898.
41 Spokane and Palouse Railway Company. See 42. Sold to 1, Feb. 21, 1898.
42 The Eastern Washington Railway Company. Under general laws of Territory of Washington, Dec. 3, 1885. Name changed to 41, Mar. 1, 1886.
43 Gaylord and Ruby Valley Railway Company. Under general laws of Montana, Mar. 29, 1897. Sold to 1, Feb. 28, 1899.
44 Montana Southern Railway Company. Under general laws of Montana, Nov. 14, 1893. Sold to 43, May 29, 1897.
45 Little Falls and Southern Railroad Company. Under general laws of Minnesota, Oct. 1, 1890. Sold to 1, Sept. 4, 1899.
46 Helena and Red Mountain Railroad Company. Under general laws of Territory of Montana, June 19, 1886. Sold to 1, Dec. 15, 1899.
47 Little Falls and Dakota Railroad Company. See 48. Sold to 1, June 5, 1900.
48 The Little Falls and Dakota Railroad Company. Under general laws of Minnesota, Feb. 10, 1879. Name changed to 47, June 28, 1880.
49 Saint Paul and Duluth Railroad Company. Under general laws of Minnesota, June 28, 1877. Sold to 1, June 15, 1900.
50 The Lake Superior and Mississippi Railroad Company. See 51. Sold at foreclosure May 1, 1877, to committee of bondholders, who received title June 14, 1877, and who conveyed the property July 17, 1877, to 49.
51 The Nebraska and Lake Superior Railroad Company. Under special act of Minnesota, May 23, 1857. Name changed to 50, Mar. 8, 1861.
52 Duluth Short Line Railway Company. Under general laws of Minnesota, July 2, 1886. Sold to 49, Nov. 11, 1898.
53 Taylors Falls and Lake Superior Rail Road Company. Under general laws of Minnesota, Feb. 9, 1875. Sold to 49, Nov. 12, 1898.
54 The Stillwater and St. Paul Railroad Company. Under general laws of Minnesota, Jan. 27, 1867. Sold to 49, Mar. 2, 1899.
55 Saint Cloud-Grantsburgh and Ashland Railway Company. Under general laws of Wisconsin, June 13, 1878. Do.
56 The Grantsburgh, Rush City and St. Cloud Railroad Company. Under general laws of Minnesota, Nov. 29, 1878. Do.
57 Spokane and Seattle Railway Company. Under general laws of Washington, June 30, 1896. Sold separately in two portions to 1, Medical Lake to Davenport, Wash., Mar. 17, 1899, and Spokane to Medical Lake, Wash., Oct. 3, 1900.
58 Seattle, Lake Shore and Eastern Railway Company. Under general laws of Territory of Washington, Apr. 28, 1885. Sold at foreclosure May 16, 1896, after receivership begun June 26, 1893, to committee of bondholders, who, by deeds dated July 28, 1896, conveyed the eastern portion to 57 and the western portion to 61.
59 Seattle and West Coast Railway Company. Under general laws of Territory of Washington, Apr. 13, 1887. Sold to 58, Mar. 24, 1888.
60 Washington Short Line Railway Company. Under general laws of Territory of Washington, May 21, 1888. Sold to 1, Aug. 22, 1900.
61 Seattle and International Railway Company. Under general laws of Washington, June 30, 1896. Sold to 1, Mar. 21, 1901.
62 Duluth Transfer Railroad Company. Under general laws of Minnesota, Jan. 6, 1902. Sold to 1, May 28, 1902.
63 Duluth Transfer Railway Company. Under general laws of Minnesota, May 24, 1890. Sold at foreclosure Jan. 2, 1902, after receivership begun Sept. 28, 1896, and conveyed Jan. 21, 1902, to 62.
64 Washburn, Bayfield and Iron River Railway Company. Under general laws of Wisconsin, Aug. 6, 1895. Sold at foreclosure June 14, 1902, after receivership begun Dec. 24, 1898, and conveyed June 16, 1902, to 1.
65 Union Depot & Transfer Company of Stillwater. Under general laws of Minnesota, Oct. 24, 1896. Sold to 1, June 21, 1902.
66 Stillwater Union Depot & Transfer Company. Under general laws of Minnesota, Apr. 17, 1888. Sold at foreclosure May 8, 1896, after receivership begun Sept. 13, 1893, to Stephen M. Crosby, trustee, who received title May 25, 1896. Conveyed Dec. 1, 1896, to 65.
67 Union Depot, Street Railway and Transfer Company of Stillwater. See 68. Sold at foreclosure Apr. 23, 1888, after receivership begun in 1885, and conveyed May 28, 1888, to 66.
68 The Stillwater Street Railway and Transfer Company. Under general laws of Minnesota, Mar. 15, 1878. Name changed to 67, Nov. 25, 1881.
69 Bellingham Bay and Eastern Railroad Company. Under general laws of Washington, Dec. 17, 1891. Sold to 1, July 1, 1903.
70 Monte Cristo Railway Company. Under general laws of Washington, Aug. 27, 1900. Sold to 1, July 31, 1903.
71 Everett and Monte Cristo Railway Company. Under general laws of Washington, Mar. 14, 1892. Sold at foreclosure Aug. 18, 1900, after receivership begun Jan. 31, 1900, to E. V. Cary, who conveyed the portion from Everett to Snohomish to 61, and the portion from Hartford to Monte Cristo to 70.
72 Snohomish, Skykomish and Spokane Railway and Transportation Company. See 73. Sold to 71, Dec. 15, 1892.
73 The Snohomish, Skykomish and Spokane Railway and Transportation Company. Under general laws of Territory of Washington, Apr. 19, 1889. Name changed to 72, Apr. 23, 1891.
74 Washington Railway & Navigation Company. Under general laws of Washington, July 13, 1903. Sold to 1, Oct. 19, 1903.
75 Portland, Vancouver & Yakima Railway Company. Under general laws of Washington, Nov. 30, 1897. Consolidated July 13, 1903, with 77 to form 74.
76 Vancouver, Klickitat and Yakima Railroad Company. Under general laws of Territory of Washington, Jan. 29, 1887. Sold at foreclosure Nov. 20, 1897, after receivership begun about 1895 and conveyed Nov. 30, 1897 to 75.
77 Washington & Oregon Railway Company. Under general laws of Washington, Dec. 3, 1900. Consolidated July 13, 1903, with 75 to form 74.
78 The Washington and Columbia River Railway Company. Under general laws of Washington, Aug. 4, 1892. Sold to 1, June 18, 1907.
79 Mill Creek Railroad Company. Under general laws of Washington, Oct. 19, 1903. Sold to 78, Sept. 8, 1905.
80 Oregon and Washington Territory Railroad Company. See 81. Sold at foreclosure Apr. 20, 1892, after receivership begun December, 1891, to C. B. Wright, who conveyed the property to 78, Oct. 5, 1892.
81 The Oregon and Washington Territory Railroad Company. Under general laws of Oregon, Mar. 4, 1886. Name changed to 80, May 26, 1887.
82 Big Fork and International Falls Railway Company. Under general laws of Minnesota, Dec. 29. 1908. Sold to 1, June 18, 1914.
83 Cuyuna Northern Railway Company. Under general laws of Minnesota, Sept. 29, 1911. Do.
84 Missouri River Railway Company. Under general laws of North Dakota, June 13, 1906. Sold to 1, June 20, 1914.
85 Western Dakota Railway Company. Under general laws of North Dakota, June 13, 1906. Do.
86 The Camp Creek Railway Company. Under general laws of Montana, June 8, 1911. Sold to 1, June 22, 1914.
87 Clearwater Short Line Railway Company. Under general laws of Montana, Nov. 9, 1898. Sold to 1, June 23, 1914.
88 The Shields River Valley Railway Company. Under general laws of Montana, Oct. 24, 1908. Do.
89 North Yakima and Valley Railway Company. Under general laws of Washington, July 24, 1905. Sold to 1, June 24, 1914.
90 Toppenish, Simcoe & Western Railway Company. Under general laws of Washington, May 5, 1909. Sold to 89, July 2, 1912.
91 Connell Northern Railway Company. Under general laws of Washington, June 1, 1909. Sold to 1, June 25, 1914.
92 The Washington Central Railway Company. Under general laws of Washington, May 31, 1898. Sold to 1, June 29, 1914.
93 The Central Washington Railroad Company. Under general laws of Territory of Washington, Mar. 2, 1888. Sold at foreclosure, Jan. 18, 1898, after receivership begun Oct. 6, 1893, to Charles T. Barney, et al., who by deed dated June 1, 1898, conveyed the property to 92.
94 Cuyuna Dock Company. Under general laws of Wisconsin, Nov. 11, 1912. Sold to 1, Aug. 27, 1915.
95 Missoula and Hamilton Railway Company. Under general laws of Montana, Jan. 5, 1911. Sold to 1, Nov. 1, 1916.
96 Wallace and Sunset Railroad Company. Under general laws of Territory of Idaho, Apr. 22, 1890. Appropriated by 1, about 1898.
DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The road wholly owned by the Northern Pacific, amounting to 6,358.834 miles, was acquired partly through foreclosure and reorganization of the Northern Pacific Railroad Company, partly through other foreclosures and by subsequent purchases, partly by construction, partly by exchange, and partly by completion of construction begun by predecessor companies. Of the 85 predecessor corporations which comprise the line of succession culminating in the Northern Pacific as at present constituted, 2 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:

Two corporations acquired property from predecessors, but the records reviewed do not show that these corporations improved such property while they owned it. These corporations were:

Five corporations only improved property completed by others. These were:

One corporation, the Missoula and Hamilton Railway Company, conveyed its surveys and right of way for a proposed line to the Northern Pacific, but no railroad has been constructed over the proposed line to date of valuation.

The uncompleted construction begun by the Wallace and Sunset Railroad Company, whose property was acquired by the Northern Pacific through [?]

The data with respect to the miles of road constructed by the 74 remaining predecessor corporations and by the Northern Pacific itself, the years in which the various portions of the line were constructed, and the manner in which the Northern Pacific acquired the property are indicated in the following table, wherein, to facilitate comparison with the table showing the corporate succession, previously given, the same order of corporations is maintained.

Mileage
Acquired through foreclosure and reorganization from the Northern Pacific Railroad Company, Aug. 18, 1896 2,166.70
Constructed by that company—
Ashland, Wis., to Carlton, Minn., 1881-1885 87.65
Carlton, Minn., to Bismarck, N. Dak., 1870-1873 424.50
Bismarck bridge over Missouri River, 1881-1882 4.58
Bismarck, N. Dak., to Fort Keogh, Mont., 1879-1881 298.20
Fort Keogh to Gold Creek, Mont., 1881-1883
(Tracks met at Gold Creek, Aug. 22, 1883.)
442.30
Wallula to the Snake River (Ainsworth), Wash., 1880 11.50
Bridge line at Ainsworth, Wash., 1882-1884 .94
Ainsworth to Ritzville, Wash., 1879-1881 84.28
Ritzville to Algoma, Idaho, 1880-1881 123.93
Algoma to Idaho-Montana boundary, 1881-1882 43.90
Idaho-Montana boundary to Gold Creek, Mont., 1881-1883 224.38
Pasco, Wash., to Columbia River incline track, 1884 2.08
Pasco to Kennewick, Wash., bridge line 1887-1888 3.30
Kennewick to Kiona, Wash., 1883 25.20
Kiona to Yakima City, Wash., 1884 59.85
Yakima City to Ellensburg, Wash., 1884-1886 39.60
Ellensburg to Easton, Wash., 1886 40.28
Easton to Stampede switchback, 1886-1887 11.25
Stampede switchback to Eagle Gorge, Wash., 1886-1887 29.60
Line through Stampede tunnel, 1886-1888 2.92
Eagle Gorge to Cascade Junction, Wash., 1884-1885 24.10
Tacoma, Wash., to Cascade Junction, 1876-1877 26.00
Tacoma to Tenino, Wash., 1873-1874 40.10
Tenino to Kalama, Wash., 1871-1873 65.00
Goble to Charlton, Oreg., 1890-1891 2.30
Charlton to Portland, Oreg., 1883 36.25
Coal Spur to Cokedale, Mont., 1887 3.59
Superior, Wis., to Duluth Junction, Minn., 1885 3.73
Superior to South Superior, Wis., 1888 3.98
Total constructed 2,165.29
Purchased by that company from The Lake Superior and Mississippi Railroad Company, Jan. 1, 1872—
Undivided one-half interest in road between Thomson Junction and Duluth, Minn.—
Constructed by that company as a part of its line from St. Paul, Minn., to Duluth, 1867-1870 (undivided mileage, 22.50)
11.25
Total constructed and purchased 2,176.54
Less line changes, remeasurements, etc., by the Northern Pacific Railroad Company 9.84
Acquired by purchase after foreclosure sale:
From The Coeur d'Alene Railway and Navigation Company, Jan. 26, 1897- 49.69
Constructed by that company—
Old Mission to Wardner, Idaho, 1886-1887, narrow gauge 15.00
Wardner to Wallace, Idaho, 1887-1888, narrow gauge 9.71
Wallace to Mullan, Idaho, 1888-1889, narrow gauge (standardized 1890) 7.05
Mullan to Idaho-Montana State line, 1889-1891 11.10
Constructed partly by the Canyon Creek Railroad Company and completed by The Coeur d'Alene Railway and Navigation Company, Wallace to Burke, Idaho, as a narrow gauge road, placed in operation prior to Apr. 20, 1888 (standardized 1890) 6.83
From the Washburn, Bayfield and Iron River Railway Company, June 16, 1902—
Constructed by that company, Iron River to Washburn, Wis., 1897-1898 33.78
Acquired by purchase:
From the Saint Paul and Northern Pacific Railway Company, Nov. 2, 1896 183.77
Constructed partly by The Saint Paul and Pacific Railroad Company (not in line of succession), which forfeited its right to the property by failure to complete the road, and completed by the Saint Paul and Northern Pacific Railway Company, Sauk Rapids to Brainerd, Minn., placed in operation Nov. 1, 1877 60.50
Constructed by that company—
Sauk Rapids to Northtown Junction, Minn., 1883-1884 66.10
Northtown Junction to Minneapolis Terminal, Minn., 1883-1884 3.44
Line A — Twentieth Avenue at Minneapolis, to Seventh Street, St. Paul, Minn., 1885-1886 10.08
East side line at St. Paul, Minn., 1888-1889 1.25
Little Falls to Staples, Minn., 1889 33.40
Line B — Northtown Junction to St. Anthony Park, Minn., 1885 5.26
Line C — Ramsey St. Line, Minneapolis, Minn., 1886 .76
Line D — Second St. line, Minneapolis, Minn., 1885 1.01
Line E — Mullberry St. line, Minneapolis, Minn., 1885 .88
Connection with Minnesota Transfer Railway Company, 1885 1.09
From the Clealum Railroad Company, Apr. 21, 1898 5.28
Constructed by that company—
Clealum to Roslyn, Wash., 1886 3.42
Roslyn to Ronald, Wash., 1887 1.86
From The Duluth and Manitoba Railroad Company, Apr. 21, 1898 208.69
Constructed by that company—
Manitoba Junction to Grand Forks, N. Dak., 1886-1887 105.00
Grand Forks to Pembina, N. Dak., 1887 96.30
Key West to Omera, Minn., 1886-1887 3.38
Omera to Sherack, Minn., 1895 2.95
Red Lake Falls Junction to Red Lake Falls, Minn., 1886-1887 1.06
From The Duluth, Crookston and Northern Rail Road Company, Apr. 21, 1898 44.50
Constructed by that company—
Fertile to Crookston, Minn., 1889 22.40
Crookston to Carthage Junction, Minn., 1890 22.10
From the Fargo and Southwestern Railroad Company, Apr. 21, 1898 87.40
Constructed by that company—
Fargo to Lisbon, N. Dak., 1881-1883 60.00
Lisbon to La Moure, N. Dak., 1882-1883 27.40
From the Green River and Northern Railroad Company, Apr. 21, 1898 11.90
Constructed by that company—
Palmer Junction to Kangley Junction, Wash., 1888 2.90
Kangley Junction to Kangley Mine, Wash., 1889 1.50
Kangley Junction to MP 10½, 1890 7.50
From the Helena and Jefferson County Railroad Company, Apr. 21, 1898—
Constructed by that company, East Helena to Wickes, Mont., September-December 18, 1883 20.10
From the James River Valley Railroad Company, Apr. 21, 1898 63.75
Constructed by that company—
Jamestown to La Moure, N. Dak., 1883-1885 48.55
Independence to Oakes, N. Dak., 1886 15.20
From The Jamestown & Northern Railroad Company, Apr. 21, 1898 102.50
Constructed by that company—
Jamestown to Melville, N. Dak., 1881-1882 32.80
Melville to New Rockford, N. Dak., 1882-1883 25.10
New Rockford to Minnewaukan, N. Dak., 1883-1885 31.70
Carrington to Sykeston, N. Dak., 1883 12.90
From the Jamestown and Northern Extension Railroad Company, Apr. 21, 1898—
Constructed by that company, Minnewaukan to Leeds, N. Dak., 1889 18.03
From the Northern Pacific and Cascade Railroad Company, Apr. 21, 1898 19.11
Constructed by that company—
Extension beyond Wilkeson, Wash., August, 1889 0.93
Crocker to Wingate, Wash., 1888-1889 5.30
Burnett to Spiketon, Wash., 1890 2.18
Constructed by the Northern Pacific Railroad Company—
Cascade Junction to Burnett, Wash., 1881 1.87
Cascade Junction to Wilkeson, Wash., 1877 5.23
Wilkeson to Carbonado, Wash., 1880 3.60
From the Northern Pacific, Fergus and Black Hills Railroad Company, Apr. 21, 1898 117.10
Constructed by that company—
Wadena to Breckenridge, Minn., 1881-1882 75.00
Fergus Falls to Pelican Rapids, Minn., 1881-1882 22.20
Constructed partly by The Saint Paul, Minneapolis and Manitoba Railway Company (not in line of succession) and completed by the Northern Pacific, Fergus and Black Hills Railroad Company, Breckenridge to Milnor, N. Dak., 1882-1883 42.10
Total 139.30
Less mileage sold by the Northern Pacific, Fergus and Black Hills Railroad Company to The Saint Paul, Minneapolis and Manitoba Railway Company, Fergus Falls to Pelican Rapids, N. Dak., 1882 22.20
From the Northern Pacific, La Moure and Missouri River Railroad Company, Apr. 21, 1898—
Constructed by that company, La Moure to Edgeley, N. Dak., 1887 21.30
From the Northern Pacific and Montana Railroad Company, Apr. 21, 1898— 360.04
Constructed by that company—
Logan to Butte, Mont., 1889-1890 71.00
Philipsburg to Rumsey, Mont., 1888 6.37
Sappington to Norris, Mont., 1889-1890 20.64
Harrison to Pony, Mont., 1889-1890 7.08
Boulder to Elkhorn, Mont., 1889-1890 20.43
De Smet to Lookout, Mont., 1889-1890 109.54
Whitehall to Parrett, Mont., 1895 5.75
Constructed by the Helena, Boulder Valley and Butte Railroad Company, Jefferson City to Calvin, Mont., 1886-1887 30.00
Constructed by the Helena and Northern Railroad Company, Clough Junction to Marysville, Mont., 1887 12.58
Constructed by The Drummond and Philipsburg Railroad Company, Drummond to Philipsburg, Mont., 1887 25.80
Constructed by The Missoula and Bitter Root Valley Railroad Company, Missoula to Grantsdale, Mont., 1887-1888 50.85
From the Northern Pacific and Puget Sound Shore Railroad Company, Apr. 21, 1898- 43.05
Constructed by that company—
Black River Junction to Kennydale, Wash., 1890-1891 6.50
Woodinville to Kirkland, Wash., 1890-1891 5.60
Constructed by the Northern Pacific Railroad Company, Meeker to Stuck Junction, Wash., 1882-1883 7.00
Constructed by The Puget Sound Shore Railroad Company—
Stuck Junction to Black River Junction, Wash., 1883 13.85
Black River Junction to Seattle, Wash., built on right of way of the Columbia and Puget Sound Railroad Company (not in line of succession), 1883-1884 10.10
From the Rocky Fork and Cooke City Railway Company, Apr. 21, 1898—
Constructed by that company, Laurel to Red Lodge, Mont., 1887-1889 44.37
From the Rocky Mountain Railroad Company of Montana, Apr. 21, 1898—
Constructed by that company, Livingston to Cinnabar, Mont., 1882-1883 61.70
From the Sanborn, Coopertown and Turtle Mountain Railroad Company, Apr. 21, 1898—
Constructed by that company, Sanborn to Cooperstown, N. Dak., 1882-1883 36.78
From the South-Eastern Dakota Railroad Company, Apr. 21, 1898 14.84
Constructed by that company—
Fairview Junction to Mathews, N. Dak., 1884 3.06
Mathews to Great Bend, N. Dak., 1887 5.74
Keystone Junction to Bayne, N. Dak., 1889-1890 6.04
From the Spokane Falls and Idaho Railroad Company, Apr. 21, 1898—
Constructed by that company, Hauser Junction to Coeur d'Alene City, Idaho, 1886 13.61
From The Tacoma, Orting & Southeastern Railroad Company, Apr. 21, 1898—
Constructed by that company, Orting to Puyallup River, Wash., 1888-1889 7.64
From The United Railroads of Washington, Apr. 21, 1898 182.45
Constructed partly by the Yakima and Pacific Coast Railroad Company and completed by The United Railroads of Washington, Chehalis to South Bend, Wash., 1890-1893 56.68
Constructed by the Tacoma, Olympia and Grays Harbor Railroad Company—
Montesano to Ocosta, Wash., 1890-1892 24.70
Lakeview to Gate, Wash., 1890-1891 43.50
Cosmopolis Junction to Cosmopolis, Wash., 1891 1.60
Constructed partly by the Tacoma, Olympia and Grays Harbor Railroad Company and completed by The United Railroads of Washington, Aberdeen Junction to Aberdeen, Wash, 1890-1895 2.60
Constructed partly by the Tacoma, Olympia and Chehalis Valley Railroad Company (not in line of succession) and completed by the Tacoma, Olympia and Grays Harbor Railroad Company, Centralia to Elma, Wash., 1890-1891 32.57
Constructed by the Puget Sound and Grays Harbor Railroad and Transportation Company (not in line of succession) Simpson to Montesano, Wash., 1889-1890 20.80
From the Montana Railway Company, Oct. 7, 1898—
Constructed by that company 14.83
Stuart to Anaconda, Mont., 1884, narrow gauge (standardized 1886-1887) 9.00
Walkerville to High Ore, Mont., 1887 1.36
Anaconda Mine to Walkerville, Mont., 1886-1887 2.81
Haggins Mine Spur, 1887 1.66
From the Spokane and Palouse Railway Company, Feb. 21, 1899 149.80
Constructed by that company—
Marshall to Belmont Wash., 1886-1887 43.00
Belmont to Genesee, Idaho, 1887-1888 60.66
Belmont to Farmington, Wash., 1890 6.09
Pullman Junction, Wash., to Juliaetta, Idaho, 1890-1891 40.05
From the Gaylord and Ruby Valley Railway Company, Feb. 28, 1899—
Constructed partly by the Montana Southern Railway Company and completed by the Gaylord and Ruby Valley Railroad Company, Renova to Twin Bridges, Mont., 1897-1898 21.90
From the Little Falls and Southern Railroad Company, Sept. 4, 1899—
Constructed by that company, in the City of Little Falls, Minn., 1890-1891 1.08
From the Helena and Red Mountain Railroad Company, Dec. 15, 1899—
Constructed by that company, Helena to Rimini, Mont., 1886 16.37
From the Little Falls and Dakota Railroad Company, June 5, 1900—
Constructed by that company, Little Falls to Morris, Minn., 1881-1882 87.85
From the Saint Paul and Duluth Railroad Company, June 15, 1900:
Constructed by that company—
Carlton to Cloquet, Minn., 1877-1880 6.64
Groningen to Banning, Minn., 1891-1892 4.73
Wyoming to Centre City, Minn., 1879-1880
(Disposed of by the Saint Paul and Duluth Railroad Company to the Taylors Falls and Lake Superior Rail Road Company in 1880, and reacquired by the Saint Paul and Duluth Railroad Company, with other property of the Taylors Falls and Lake Superior Rail Road Company in 1898.)
10.50
Constructed by The Lake Superior and Mississippi Railroad Company, St. Paul to Duluth, Minn., 1867-1870 155.00
Less undivided one-half interest in line from Thomson Junction to Duluth, sold to the Northern Pacific Railroad Company (undivided mileage, 22.50) 11.25
143.75
Constructed by the Duluth Short Line Railway Company, Thomson, Minn., to West Superior, Wis., 1886-1888 17.75
Constructed by the Taylors Falls and Lake Superior Rail Road Company, Centre City to Taylors Falls, Minn., 1880 10.09
Constructed by The Stillwater and St. Paul Railroad Company, Stillwater to White Bear, Minn., 1870 12.74
Constructed by the Saint Cloud-Grantsburgh and Ashland Railway Company, Grantsburgh, Wis., to west end of bridge across St. Croix River, Minn., 1879-1884 11.90
Constructed by the Grantsburgh, Rush City and St. Cloud Railroad Company, Rush City, Minn., to bridge across St. Croix River, Minn., 1880-1884 5.14
223.24
Less, line Fond du Lac to Thomson, Minn., part of the 22.50 miles of jointly owned line shown above, abandoned in 1897 (undivided mileage abandoned, 7.19) 3.60
219.64
From the Spokane and Seattle Railway Company, Mar. 17, 1899, and Oct. 3, 1900—
Constructed by the Seattle, Lake Shore and Eastern Railway Company, Spokane to Davenport, Wash., 1888-1889 60.05
From the Washington Short Line Railway Company, Aug. 22, 1900—
Constructed by that company, Tacoma to Ruston, Wash., 1888 8.08
From the Seattle and International Railway Company, Mar. 21, 1901—
Constructed by the Seattle, Lake Shore and Eastern Railway Company—
Seattle to Sallal Prairie, Wash., 1887 63.32
Snohomish to Sumas, Wash., 1888-1891 88.50
Constructed partly by the Seattle and West Coast Railway Company and completed by the Seattle[sic] Lake Shore and Eastern Railway Company, Woodinville to Snohomish, Wash., 1887-1888 14.40
Constructed by the Everett and Monte Cristo Railway Company, Lowell to Everett, Wash., 1892-1893 3.41
Constructed by The Snohomish, Skykomish and Spokane Railway and Transportation Company, Snohomish to Lowell, Wash., 1892-1893 (exclusive of 1.61 miles not utilized by successor) 8.00
177.63
From the Duluth Transfer Railroad Company, May 26, 1902—
Constructed by the Duluth Transfer Railway Company, Duluth to Spirit Lake, Minn., 1891-1893 9.06
From the Union Depot & Transfer Company of Stillwater, June 21, 1902—
Constructed by Union Depot, Street Railway and Transfer Company of Stillwater, at Stillwater, Minn., 1878-1882 .62
From the Bellingham Bay and Eastern Railroad Company, July 1, 1903—
Constructed by that company, Wickersham to Bellingham, Wash., 1892-1902 23.37
From the Monte Cristo Railway Company, July 31, 1903—
Constructed by the Everett and Monte Cristo Railway Company, Hartford to Monte Cristo, Wash., 1892-1893 42.12
From the Washington Railway & Navigation Company, Oct. 19, 1903 59.02
Constructed partly by the Portland, Vancouver & Yakima Railway Company and completed by the Washington Railway & Navigation Company, Vancouver Junction to Sta. 247 + 80, Wash., 1903 2.60
Constructed by the Portland, Vancouver & Yakima Railway Company—
Brush Prairie to Salmon Creek, Wash., 1899 2.50
Salmon Creek to Daly's Road, Wash., Mar., 1900 .30
Daly's Road to Yacolt, Wash., 1901-1902 14.10
Connection at Vancouver, Wash., 1903 .40
Constructed by the Vancouver, Klickitat and Yakima Railroad Company—
Vancouver to Brush Prairie, Wash., 1888-1889 13.50
Brush Prairie to Salmon Creek, Wash., 1895
Constructed partly by the Portland and Puget Sound Railroad Company (not in line of succession) and completed by the Washington & Oregon Railway Company, Kalama to Vancouver, Wash., 1901-1903 28.90
62.30
Less-
Mileage constructed by the Vancouver, Klickitat and Yakima Railroad Company, Brush Prairie to Salmon Creek, Wash., abandoned by the Portland, Vancouver & Yakima Railway Company, 1900 1.40
Mileage constructed by the Portland, Vancouver & Yakima Railway Company, Vancouver to Yacolt line, abandoned by the Washington Railway & Navigation Company 1.88
3.28
From The Washington and Columbia River Railway Company, June 18, 1907 168.75
Constructed by the Mill Creek Flume & Manufacturing Company (not in line of succession)—
Walla Walla to Dixie, Wash., 1880-1882, narrow gauge 10.79
Dudley Junction to Tracy, Wash., 1880-1882, narrow gauge 1.65
12.44
Less, mileage between Walla Walla and Dixie abandoned by the Mill Creek Railroad Company, 1905 7.01
Remainder of mileage standardized by the Mill Creek Railroad Company, 1905 5.43
Constructed by the Mill Creek Railroad Company, connection at Mill Creek Junction, Wash., 1905 0.70
Constructed by the Oregon and Washington Territory Railroad Company:
Hunts Junction, Wash., to Smeltz, Oreg., 1888 14.00
Fulton to Pendleton, Oreg., 1889 7.00
Hunts Junction to Walla Walla, Wash., completed December, 1888 53.54
Walla Walla to Dayton, Wash., 1889 33.86
Smeltz to Athena, Oreg., 1887-1888 14.39
Eureka Junction to Pleasant View, Wash., 1888 19.73
From the Big Fork and International Falls Railway Company, June 18, 1914—
Constructed by that company, Grand Falls to International Falls, Minn., 1900-1907 34.01
From the Cuyuna Northern Railway Company, June 18, 1914 8.72
Constructed by that company—
Deerwood to Oreland, Minn., 1911-1912 3.56
Deerwood to Cuyuna Mille Lacs Mine, Minn., 1912 5.16
From the Missouri River Railway Company, June 20, 1914 149.80
Constructed by that company — Mandan to Stanton, N. Dak., 1909-1912 52.64
Mandan to six miles south of Cannonball, N. Dak., 1909-1910 42.41
Glendive to Sidney, Mont., 1909-1912 54.81
From the Western Dakota Railway Company, June 20, 1914 126.35
Constructed by that company—
Cannonball to Mott, N. Dak., 1909-1910 91.35
Stanton to Golden Valley, N. Dak., 1912-1914 35.00
From The Camp Creek Railway Company, June 22, 1914—
Constructed by that company, Manhattan to Anceny, Mont., 1911 15.15
From the Clearwater Short Line Railway Company, June 23, 1914 170.66
Constructed by that company—
Arrow to Stites, Idaho, 1898-1900 62.91
Joseph to Culdesac, Idaho, 1898-1899 12.00
Culdesac to Grangeville, Idaho, 1906-1908 54.78
Constructed by the Spokane, Portland and Seattle Railway Company (not in line of succesion) Snake River Junction to Riparia, Wash., 1909 40.97
From The Shields River Valley Railway Company, June 23, 1914—
Constructed by that company, Mission to Wilsall, Mont., 1909 22.93
From the North Yakima and Valley Railway Company, June 24, 1914 50.05
Constructed by that company—
North Yakima to Naches, Wash., 1905-1906 13.07
North Yakima to Moxee, Wash., 1909-1910 8.85
Granger to Flint, Wash., 1909-1910 10.70
Flint to Yakima River, Wash., 1910-1911 5.36
Yakima River to Parker, Wash., 1911 1.00
Cowiche Junction to Spitzenburg, Wash., 1912-1913 2.50
Constructed partly by the Toppenish, Simcoe & Western Railway Company, and completed by the North Yakima and Valley Railway Company, Wesley Junction to Warron, Wash. 8.57
From the Connell Northern Railway Company, June 25, 1915 73.49
Constructed by that company—
Connell to Adco, Wash., 1909-1910 60.95
Bassett Junction to Schrag, Wash., 1909-1910 12.54
From The Washington Central Railway Company, June 29, 1914 129.76
Constructed by that Company, Coulee Junction to Adrian, Wash., 1902-1903 21.10
Constructed by The Central Washington Railroad Company—
Cheney to Davenport, Wash., 1888-1889 41.40
Davenport to Almira, Wash., 1889 46.10
Almira to Coulee City, Wash., 1889-1890 21.16
From the Cuyuna Dock Company, Aug. 27, 1915—
Constructed by that company, ore dock with track facilities, at Superior, Wis., 1912-1913
Constructed by the following companies which are not in the line of succession—
From the Western American Company, Aug. 3, 1901—
Constructed by that company, Carbonado to Fairfax, Wash., 1898-1899 7.10
From The Minneapolis and St. Louis Railroad Company, Nov. 29, 1901—
Constructed by The Minneapolis and Duluth Railroad Company, St. Anthony (now a part of the City of Minneapolis) to M. & D. Jct., Minn., 1871 13.62
From the Northwestern Improvement Company, Oct. 21, 1903—
Constructed by the Seattle Terminal Railway and Elevator Company Seattle to West Seattle, Wash., 1890 3.20
From the Port Townsend Southern Railroad Company, June 25, 1914 15.00
Constructed partly by the Olympia Railroad Union and completed by The Olympia & Chehalis Valley Railroad Company, Tenino to Olympia, Wash., completed Aug. 1, 1878, narrow gauge (standardized by Port Townsend Southern Railroad Company, 1890) 14.50
Constructed by that company, extension to West Olympia, 1890-1891 3.00
17.50
Less, line changes by the Port Townsend Southern Railroad Company 2.50
Acquired by construction 773.64
Main line—
Walbridge, Wis., to State Line, Minn., July, 1896 3.25
West Side Line at Little Falls, Minn., 1900 2.12
St. Regis to Paradise, Mont., 1906-1909 21.80
Palmer Junction to Auburn, Wash., 1899-1900 21.70
Tacoma (via Plumb) to Tenino, Wash., 1912-1914 43.44
Branch lines—
Newton Ave., to Cuyuna Dock at Superior, Wis., 1913 1.50
Cedar Lake to Soo connection, Minn., 1914 .80
Milnor to Oakes, N. Dak., 1900 32.50
Casselton to Marion, N. Dak., 1900 60.13
Cooperstown to McHenry, N. Dak., 1899 26.10
Edgeley to Streeter, N. Dak., 1903-1905 39.90
Pingree to Wilton, N. Dak., 1910-1912 92.40
Sykeston to Bowdon, N. Dak., 1899 15.02
Bowdon to Denhoff, N. Dak., 1901-1902 26.49
Denhoff to Turtle Lake, N. Dak., 1905 30.42
Oberon to Esmond, N. Dak., 1901 28.08
McKenzie to Linton, N. Dak., 1902-1903 44.20
Beach, N. Dak., to Ollie, Mont., 1914-1915 26.40
Silesia to Bridger, Mont., 1898 19.74
Twin Bridges to Alder, Mont., 1901 19.40
Grantsdale to Charlos, Mont., 1899-1900 6.53
Charlos to Darby, Mont., 1904 7.44
Darby extension, Mont., 1910 1.65
Darby extension, Mont., 1913 .73
Sunnyside Junction to Grand View, Wash., 1905-1906 20.09
Ronald to Lakedale, Wash., 1907-1910 1.80
Kanasket to Green River branch connection, Wash., 1902 .80
Puyallup River to Lake Kapowsin, Wash., 1909-1910 2.68
MP 10 to Kerriston, Wash., 1901-1902 4.70
Kruse to Edgecomb, Wash., 1913-1914 4.39
[?] to Great Northern connection/ Aberdeen to Hoquiam, Wash., 1897-1898 4.23
Hoquiam to Moclips, Wash., 1901-1904 27.75
Ocosta to Bay City, Wash., 1911-1914 2.80
New West Seattle line, Wash., 1905 2.20
Constructed partly by the Cuyuna Northern Railway Company and completed by the Northern Pacific—
DB Jct., to Duluth-Brainerd Mine, Minn., August, 1914 2.69
Loerch to Woodrow, Minn., April, 1915 1.65
Constructed partly by the Western Dakota Railway Company and completed by the Northern Pacific, Golden Valley to Killdeer, N. Dak., Nov. 23, 1914 33.73
Constructed partly by the Rocky Mountain Railroad Company of Montana and completed by the Northern Pacific, Cinnabar to Gardiner, Mont., 1902 2.90
Constructed partly by the Wallace and Sunset Railroad Company and completed by the Northern Pacific, Wallace to Sunset, Idaho, 1898-1899 5.56
Constructed partly by the Spokane and Palouse Railway Company and completed by the Northern Pacific, Juliaetta to Lewiston, Idaho, 1898 21.16
Constructed partly by the Northern Pacific and Puget Sound Shore Railroad Company and completed by the Northern Pacific, Black River Junction to Woodinville, Wash., 1903-1904 24.11
Constructed partly by the Northern Yakima and Valley Railway Company and completed by the Northern Pacific—
Farren to Harrah, Wash., 1915 1.33
Harrah to White Swan, Wash., 1916 9.25
Constructed partly by the Seattle and International Railway Company and completed by the Northern Pacific, Arlington to Darrington, Wash., 1901 28.08
Acquired by exchange 0.10
From The Columbia and Puget Sound Railroad Company—
Constructed by the Seattle and Walla Walla Railroad Company, Seattle to Argo, Wash., 1873-1876 3.50
Less—
Mileage between Seattle and Argo, Wash., acquired from The Puget Sound Shore Railroad Company exchanged for mileage of The Columbia and Puget Sound Railroad Company [in 1903?] 3.40
6,546.89
Less mileage abandoned by the Northern Pacific:
Previously acquired from the Northern Pacific Railroad Company—
Abandoned during 1910, Winnipeg Junction to Manitoba Junction, Minn. .99
Abandoned during 1906, Coal Spur to Cokedale, Mont. 3.62
Abandoned during 1900, Palmer Junction to Green River branch connection, Wash. .99
Abandoned during 1897, Fond du Lac to Thomson, Minn., which was part of jointly owned line (undivided mileage abandoned, 7.19) 3.59
Previously acquired from The Coeur d'Alene Railway and Navigation Company, abandoned during 1902, Wallace to Old Mission, Idaho, narrow gauge 22.00
Previously acquired from the Northern Pacific and Montana Railroad Company—
Abandoned during 1898, Jefferson to Boulder Jct., Mont. 10.99
Abandoned 1898-1905—
E. Helena to Wickes, Mont. 33.43
Boulder Jct. to Boulder, Mont.
Boomerang to Calvin, Mont.
Abandoned during 1904, Philipsburg to Rumsey, Mont. 6.23
Abandoned during 1914, Queen Siding to Elkhorn, Mont. 4.07
Previously acquired from The United Railroads of Washington, abandoned during 1914, Nisqually to St. Clair, Wash. 3.55
Previously acquired from the Montana Railway Company, abandoned during 1900, Butte Hill line, Mont. 6.25
Previously acquired from the Gaylord and Ruby Valley Railway Company abandoned during 1905-1906, Renova to Parrott, Mont. 1.45
Previously acquired from the Spokane and Seattle Railway Company, abandoned during 1900, Spokane to Ditmar, Wash. 29.20
Previously acquired from the Washington Railway & Navigation Company, abandoned during 1903, Vancouver to connection with [?] branch 4.70
Previously acquired from the Port Townsend Southern Railroad Company—
Abandoned during 1914, Tenino to Plumb, Wash. 5.00
Abandoned during 1916, Plumb to Tumwater, Wash. 6.10
142.16
Total recorded mileage 6,404.73



NORTHERN PACIFIC AND PUGET SOUND SHORE RAILROAD COMPANY—PREDECESSOR OF NORTHERN PACIFIC
INTRODUCTORY

The Northern Pacific and Puget Sound Shore Railroad Company was incorporated August 23, 1884, under the general laws of the then Territory of Washington. This company did not keep any books of account. The data contained herein were obtained from the report on its corporate history, the report for the year ended June 30, 1889, filed with the commission, and the books and records of the Northern Pacific Railroad Company and the Northern Pacific. The Northern Pacific and Puget Sound Shore Railroad Company was controlled on April 21, 1898, the date of sale, by the Northern Pacific through ownership of all of the outstanding capital stock. On the other hand, the records reviewed do not indicate that this company then controlled any common-carrier corporations.

The property of this company was operated by the Northern Pacific Railroad Company from date of purchase or construction to August 15, 1893; by the receivers of the Northern Pacific Railroad Company from August 15, 1893, to August 31, 1896; and by the Northern Pacific from September 1, 1896, to date of sale. The railroad owned by this company on date of sale consisted of a single-track, standard-gauge, steam railroad in the State of Washington, extending from Meeker to Kennydale and from Woodinville to Kirkland and aggregated 32.95 miles. In addition to the above, this company owned a graded right of way between Kennydale and Kirkland, and a single-track, standard-gauge railroad, extending from Black River Junction to Seattle, 10.10 miles, the latter being constructed on the right of way and roadbed of the Columbia and Puget Sound Railroad Company.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

This company acquired the road owned on date of sale by purchase and construction. Seven miles of road between Meeker and Stuck Junction was bought from the Northern Pacific Railroad Company [when?]; 13.85 miles of road between Stuck Junction and Black River Junction, together with the track between Black River Junction and Seattle, laid on right of way and roadbed of another carrier, was bought from The Puget Sound Shore Railroad Company; the remainder of the property was constructed by 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 Northern Pacific.

HISTORY OF CORPORATE FINANCING

[...]

THE PUGET SOUND SHORE RAILROAD COMPANY—PREDECESSOR OF NORTHERN PACIFIC AND PUGET SOUND SHORE RAILROAD COMPANY

The Puget Sound Shore Railroad Company was incorporated August 19, 1882, under the general laws of the then Territory of Washington. 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.

The report on its corporate history states that the property of this company was operated by its own organization from July 6, 1884, to January 17, 1890, although the property was sold prior to the last-mentioned date.

This company was incorporated in the interest of the Oregon and Transcontinental Company, a financial corporation which then controlled the Northern Pacific Railroad Company, and which at that time was interested in the construction of other railroads tributary to the Northern Pacific Railroad Company. It also controlled the Oregon Railway and Navigation Company, which was a predecessor of the Oregon-Washington Railroad & Navigation Company, and which apparently advanced funds for construction of this company's property.

This company constructed a single-track, standard-gauge, steam railroad between Stuck Junction and Black River Junction, Wash., 13.85 miles. It also constructed a standard-gauge road between Black River Junction and Seattle, Wash., 10.10 miles, on the right of way and roadbed of the Columbia and Puget Sound Railroad Company. In constructing the last mentioned line, this company removed the narrow-gauge track of the Columbia and Puget Sound Railroad Company and relaid one of the rails between the rails of the standard-gauge track, allowing the Columbia and Puget Sound Railroad Company joint use of one of the standard-gauge rails.

The Northern Pacific has in its possession a construction ledger marked "PSS — Auburn to Seattle," which it received from the Oregon-Washington Railroad & Navigation Company. The accounts in this book contain charges aggregating $780,651.48 recorded during the period from January, 1883, to August, 1884, but no further data were ascertained.

The property of this company was sold to the Northern Pacific and Puget Sound Shore Railroad Company on October 31, 1889, for a stated consideration of $1,000,000, payable in consolidated-mortgage bonds of the Northern Pacific Railroad Company at par.

The property passed from the Northern Pacific and Puget Sound Shore Railroad Company to the Northern Pacific in 1898. In 1901 the Northern Pacific and the Columbia and Puget Sound Railroad Company divided the right of way from Black River Junction to Seattle, the former company taking the west half and the latter company taking the east half. How much if any of the property remained which was represented by the charges of $780,651.48, was not ascertainable.

ROCKY FORK AND COOKE CITY RAILWAY COMPANY—PREDECESSOR OF NORTHERN PACIFIC
INTRODUCTORY

The Rocky Fork and Cooke City Railway Company was incorporated


SPOKANE FALLS AND IDAHO RAILROAD COMPANY—PREDECESSOR OF THE NORTHERN PACIFIC
INTRODUCTORY

The Spokane Falls and Idaho Railroad Company was incorporated October 25, 1886, under the general laws of the then Territory of Washington. The Spokane Falls and Idaho Railroad Company did not keep any books of account. The data contained herein were obtained from its corporate history, and the books and records of the Northern Pacific Railroad Company and the Northern Pacific. The Spokane Falls and Idaho Railroad Company was controlled on April 21, 1898, the date of sale, by the Northern Pacific, through ownership of its 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 by the Northern Pacific Railroad Company from October 24, 1886, to August 15, 1893; by the receivers of the Northern Pacific Railroad Company from August 15, 1893, to August 31, 1896, and by the Northern Pacific from September 1, 1896, to date of sale. The Spokane Falls and Idaho Railroad Company owned on date of sale 13.61 miles of single-track, standard-gauge, steam railroad in the State of Idaho, which extended from Hauser Junction to Coeur d'Alene City.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The 13.61 miles of road owned by the Spokane Falls and Idaho Railroad Company on date of sale had been constructed partly by S. T. Hauser and D. C. Corbin, as contractors, and partly by the Northern Pacific Railroad Company under conditions described in the chapter on history of corporate financing. 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 Northern Pacific.

HISTORY OF CORPORATE FINANCING



BIG FORK AND INTERNATIONAL FALLS RAILWAY COMPANY—PREDECESSOR OF THE NORTHERN PACIFIC
INTRODUCTORY

The Big Fork and International Falls Railway Company was incorporated December 29, 1906, under the general laws of the State of Minnesota. No accounting records of the Big Fork and International Falls Railway Company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. The data shown below were obtained from its reports to this commission and records of the Northern Pacific.

The Big Fork and International Falls Railway Company was controlled by the Northern Pacific on June 18, 1914, the date of sale, through ownership of all 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 of this company was operated by its own organization until date of sale; since that date, it has continued to operate the property as agent for the Northern Pacific. The railroad owned by the Big Fork and International Falls Railway Company consisted of 34.01 miles of single-track, standard-gauge, steam railroad, located in Minnesota, extending from Grand Falls to International Falls.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The 34.01 miles of road owned by the Big Fork and International Falls Railway Company on date of sale had been constructed by its own forces with the exception of grading which was done by independent contractors. Details in connection with the construction of this property are given in the chapter on development of fixed physical property in the report on the Northern Pacific.

HISTORY OF CORPORATE FINANCING