Wikipedia:WikiProject Trains/ICC valuations/Butler County Railroad

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[?] Butler County Railroad Company, hereinafter called the carrier, is a single-track, standard-gauge, steam railroad, located in the northeastern part of Arkansas and the southeastern part of Missouri. The [?] to Lowell, Mo. [?] to Piggott, Ark. [?] wholly owns and uses for common-carrier purposes 59.739 miles of all tracks, detailed as follows: [table]

In addition to the above mileage, the carrier owns 5.917 miles of track extending between Meade and South End, Ark., which is leased to Brooklyn Cooperage Company for noncarrier purposes. In Appendix 1 will be found a general description of other property of the carrier.

Corporate history.—The carrier was incorporated on September 1, 1905, under the general laws of the State of Missouri for a period of 50 years. Its stated purpose was to construct, maintain, and operate about 13 miles of standard-gauge railroad in Butler County, Mo., from Lowell Junction to Melville. Its charter was subsequently amended to provide for the extension of the road to the boundary line between the States of Missouri and Arkansas and on August 12, 1913, the State of Arkansas authorized its extension from the latter point to Piggott, Ark., a distance of about 11.25 miles. Its principal office is at Poplar Bluff, Mo. The detailed facts as to the development of fixed physical property will be found in Appendix 2.

APPENDIX 2

BUTLER COUNTY RAILROAD COMPANY

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The property of the carrier was acquired in sections, partly by purchase from the Brooklyn Cooperage Company and partly by construction with its own forces. The manner of acquirement of each section of road used for common-carrier purposes, its approximate main-track mileage, and the dates of purchase or construction are shown in the following statement:

Missouri Arkansas Total

By purchase from the Brooklyn Cooperage Company:

Lowell Junction, Mo., to Broseley, Mo., Oct. 17, 1905 6.81 -- 6.81

Broseley, Mo., to Sweet Gum, Mo., Jan. 27, 1911 9.24 -- 9.24

Sweet Gum, Mo., to Missouri-Arkansas State line, Sept. 9, 1912 3.29 -- 3.29

Missouri-Arkansas State line to Milepost 26.74 in Arkansas, Sept. 22, 1913 -- 4.21 4.21

[Milepost 26.74 to McDougal??] -- 5.47 5.47

Total 19.34 9.68 29.02

By construction:

From Broseley, Mo., to Linstead, Mo., Sept. 18, 1912, to Oct. 17, 1913 9.19 -- 9.19

From Linstead, Mo., to Poplar Bluff, Mo., June 26, 1914, to Sept. 1, 1914 .82 -- .82

From Piggott Junction, Ark., to Pollard, Ark., Aug. 29, 1913, to Apr. 5, 1914 -- 2.57 2.57

From Pollard, Ark., to Piggott, Ark., Aug. 29, 1913, to May 1, 1914 -- 6.12 6.12

Total mileage constructed 10.01 8.69 18.70

Grand total 29.35 18.37 47.72

In addition to the foregoing, the carrier purchased from the Brooklyn Cooperage Company in December, 1907, about 3 miles of road between Rossville, Mo., and Otter Pond, Mo., which it abandoned in October, 1912. It also purchased from the Brooklyn Cooperage Company on June, 1915, about 5.92 miles of road extending between Meade and South End, Ark., which was leased to the Brooklyn Cooperage Company for noncarrier purposes, on date of valuation, and is not included in the above tabulation. That part of the road formerly owned by the Brooklyn Cooperage Company was used for logging purposes until it was purchased by the carrier.

HISTORY OF CAPITAL FINANCING