Wikipedia:WikiProject Trains/ICC valuations/Chicago, St. Paul, Minneapolis and Omaha Railway

Interstate Commerce Commission, Valuation Reports, Volume 137

Chicago, Saint Paul, Minneapolis and Omaha Railway Company

Location and General Description of Property

The railroad of the Chicago, Saint Paul, Minneapolis and Omaha Railway Company, hereinafter called the Omaha, is a standard-gauge, steam railroad, located in Wisconsin, Minnesota, Iowa, Nebraska, and South Dakota. The main lines extend from St. Paul, Minn., to Elroy, Wis.; Eau Claire, Wis., to Duluth, Minn.; Northline to Bayfield, Wis.; Merriam, Minn., to Le Mars, Iowa; and South Sioux City to Omaha, Nebr. The principal branch lines extend from Tuscobia to Park Falls, Wis.; Lake Crystal to Elmore, Minn.; Fairchild to Mondovia, Wis.; Chippewa Falls to Hughey, Wis.; and Wakefield to Crofton, Nebr. Minneapolis, Minn., and Sioux City, Iowa., are reached by means of trackage rights. Of the entire road, 183.610 miles is double track. The principal stretch of double-track road extends from St. Paul, Minn., to Wyeville, Wis. The Omaha owns freight terminals at Superior, Ashland, and Eau Claire, Wis.; Duluth, St. Paul, and Minneapolis, Minn.; Sioux City, Iowa; and Omaha, Nebr.; and passenger terminals at Superior, Ashland, and Eau Claire, Wis.; Duluth, Minn.; and Omaha, Nebr. The Omaha wholly owns 1,665.680 miles of road, all of which it uses. It owns, in addition, jointly with other carriers, 6.581 undivided miles of road. The Omaha wholly owns and uses 2,516.315 miles of all tracks. It owns, in addition, jointly with other carriers 43.976 undivided miles of all tracks. These tracks are classified in the trackage table in Appendix 1.

Introductory

The Omaha is a corporation of the State of Wisconsin, having its principal office at Hudson, Wis., and its general administrative office at St. Paul, Minn. It is controlled by the North Western on date of valuation, through ownership of a majority of the outstanding capital stock. On the other hand, the Omaha controls jointly with other railroad companies three railway and terminal companies, one union depot company, and one bridge company, all of which are operated independently. The names of these companies together with a statement showing the extent of the Omaha's control are given below:

	Percentage of control
Lake Superior Terminal and Transfer Company, jointly controlled with The Duluth, South Shore and Atlantic Railway Company; Great Northern Railway Company; and Northern Pacific Railway Company.	16.66
Minnesota Transfer Railway Company, jointly controlled with Chicago, Burlington & Quincy Railroad Company; Chicago Great Western Railroad Company; Chicago, Milwaukee and St. Paul Railway Company; The Chicago, Rock Island and Pacific Railway Company; Great Northern Railway Company; The Minneapolis & St. Louis Railroad Company; Minneapolis, St. Paul & Sault Ste. Marie Railway Company; and Northern Pacific Railway Company.	11.11
The Minneapolis Eastern Railway Company, jointly controlled with Chicago, Milwaukee and St. Paul Railway Company.	50.00
The Saint Paul Union Depot Company, jointly controlled with Chicago, Burlington & Quincy Railroad Company; Chicago Great Western Railroad Company; Chicago, Milwaukee and St. Paul Railway Company; The Chicago, Rock Island and Pacific Railway Company; Great Northern Railway Company; The Minneapolis & St. Louis Railroad Company; Minneapolis, St. Paul & Sault Ste. Marie Railway Company; and Northern Pacific Railway Company.	11.11
Sioux City Bridge, jointly controlled with the North Western.	50.00

The property of the Omaha has been operated by its own organization during its entire life. While the consolidation forming the Omaha was effective May 28, 1880, the recording of the operations of the property were continued in the books of the consolidating companies to May 31, 1880.

Corporate History

The Omaha was incorporated May 26, 1880, under the general laws of the State of Wisconsin, through filing with secretary of State of Wisconsin an agreement, dated May 25, 1880, for the purpose of consolidating the property, rights and franchises of the Chicago, Saint Paul and Minneapolis Railway Company and the North Wisconsin Railway Company. The date of organization of the Omaha was May 26, 1880. Pursuant to the above purpose, the Omaha acquired at its organization the property, rights, and franchises of the two companies named. It subsequently acquired, by merger or purchase, the property, rights, and franchises of 18 other railroad corporations. The Omaha, itself, and those corporations, together with their predecessors, total 38 different corporations, of which 5 underwent a change in name, and comprise the line of corporate succession culminating in the Omaha as at present constituted. The following chart shows the names of the corporations, the respective dates of incorporation, and for each predecessor the date of succession, the immediately succeeding corporation, and the manner of succession. Reference to each of these corporations is made in the last column by its respective number shown in the first column.

No.	Name	Incorporation	Succession
1.	Chicago, Saint Paul, Minneapolis and Omaha Railway Company.	Under general laws of Wisconsin through articles of consolidation; dated May 25, 1880; filed in Wisconsin, May 26, 1880.
2.	Chicago, Saint Paul and Minneapolis Railway Company.	Under general laws of Wisconsin, Apr. 30, 1878.	Consolidated May 26, 1880, with 5 to form 1.
3.	West Wisconsin Railway Company.	See 4.	Sold at foreclosure Mar. 1, 1878, after receivership begun June 1, 1877, and acquired May 2, 1878, by 2.
4.	Tomah and Lake St. Croix Railroad Company.	Under general laws of Wisconsin, Apr. 1, 1863.	Name changed to 3 by resolution of June 4, 1867, filed Aug. 23, 1867.
5.	North Wisconsin Railway Company.	Under general laws of Wisconsin, Nov. 17, 1871.	Consolidated May 26, 1880, with 2 to form 1.
6.	Hudson and River Falls Railway Company.	Under general laws of Wisconsin, Feb. 11, 1878.	Sold May 17, 1880, to 5.
7.	The Black River Railroad Company.	Under general laws of Wisconsin, Mar. 2, 1878.	Sold Nov. 27, 1880, to 1.
8.	Saint Paul and Sioux City Railroad Company.	See 9.	Sold May 9, 1881, to 1.
9.	Minnesota Valley Railroad Company.	Under special act of Minnesota, Mar. 4, 1864.	Name changed to 8 on June 7, 1870.
10.	Southern Minnesota Railroad Company.	See 11.	Sold Oct. 16, 1860, to State of Minnesota for nonpayment of interest on State aid bonds and acquired Mar. 4, 1864, by 9.
11.	The Root River Valley and Southern Minnesota Rail Road Company.	Under special act of Territory of Minnesota, Mar. 2, 1855.	Name changed May 23, 1857, to 10.
12.	Worthington and Sioux Falls Railroad Company.	See 13.	Sold July 18, 1879, to 8.
13.	The Saint Paul and Dakota Rail Road Company.	Under general laws of Minnesota, Apr. 20, 1876.	Name changed June 23, 1878, to 12.
14.	The Worthington and Sioux Falls Rail Road Company of Iowa.	Under general laws of Iowa, June 2, 1879.	Sold July 18, 1879, to 12.
15.	Minnesota and Black Hills Railroad Company.	Under general laws of Minnesota, June 7, 1879.	Sold July 18, 1879, to 8.
16.	Sioux City and St. Paul Railroad Company.	Under general laws of Iowa, Jan. 31, 1866.	Sold Sept. 1, 1879, to 8.
17.	The Saint Paul, Stillwater and Taylors Falls Rail Road Company.	Under general laws of Minnesota, Dec. 4, 1869.	Sold Mar. 1, 1880, to 8.
18.	The St. Croix Railway and Improvement Company.	Under general laws of Minnesota, Aug. 14, 1872.	Sold Oct. 1, 1873, to 17.
19.	Sioux City and Nebraska Railroad Company.	Under general laws of Nebraska, Dec. 18, 1879.	Part of property sold Mar. 2, 1880, to 8. The remainder sold May 16, 1881, July 2 and Dec. 18, 1883, to 1.
20.	Covington, Columbus and Black Hills Railroad Company.	Under general laws of Nebraska, Nov. 12, 1875.	Sold at foreclosure sale, Oct. 22, 1879, and acquired Dec. 31, 1879, by 19.
21.	Omaha and Northern Nebraska Railway Company.	Under general laws of Nebraska, Oct. 5, 1878.	Sold Feb. 11, 1880, to 19.
22.	Omaha and Northwestern Railroad Company.	Under general laws of Nebraska, Nov. 30, 1869.	Sold at foreclosure sale Oct. 24, 1878, and acquired Aug. 8, 1879, by 21.
23.	Chippewa Falls and Northern Railway Company.	Under general laws of Wisconsin, June 15, 1881.	Sold Feb. 13, 1882, and June 11, 1883, in two sections to 1.
24.	The Eau Claire & Chippewa Falls Railway Company.	Under general laws of Wisconsin, June 2, 1881.	Sold Dec. 17, 1883, to 1.
25.	The Neillsville & North Eastern Railway Company.	Under general laws of Wisconsin, Aug. 22, 1881.	Sold Apr. 22, 1884, to 1.
26.	Ashland Railway Company.	Under general laws of Wisconsin, June 28, 1882.	Sold Dec. 5, 1885, to 1.
27.	North-Eastern Nebraska Railroad Company.	Under general laws of Nebraska, June 3, 1888.	Sold June 8, 1888, to 1.
28.	Randolph and Northeastern Nebraska Railroad Company.	Under general laws of Nebraska, Aug. 8, 1890.	Sold Dec. 13, 1890, to 1.
29.	Sault Ste. Marie and Southwestern Railway Company.	See 30.	Sold June 3, 1893, to 1.
30.	Fairchild and Mississippi River Railway Company.	Under general laws of Wisconsin, Mar. 29, 1886.	Name changed July 16, 1887, to 29.
31.	Eau Claire Railway Company.	Under general laws of Wisconsin, June 23, 1879.	Sold June 3, 1893, to 1.
32.	The Menomonie Railway Company.	Under general laws of Wisconsin, Apr. 8, 1879.	Sold June 3, 1893, to 1.
33.	Cedar Falls & Northern Railway Company.	Under general laws of Wisconsin, Sept. 22, 1881.	Sold Dec. 17, 1883, to 32.
34.	Superior Short Line Railway Company (second corporation).	Under general laws of Minnesota and Wisconsin, through articles of consolidation; dated May 13, 1895, filed in Minnesota and Wisconsin on May 14, 1895.	Sold Aug. 1, 1895, to 1.
35.	Superior Short Line Railway Company (first corporation).	Under general laws of Wisconsin, Feb. 6, 1884.	Consolidated May 14, 1895, with 36 to form 34.
36.	Superior Short Line Railway Company of Minnesota.	Under general laws of Minnesota, Sept. 19, 1885.	Consolidated May 14, 1895, with 35 to form 34.
37.	Watonwan Valley Railway Company.	Under general laws of Minnesota, Jan. 16, 1899.	Sold Dec. 14, 1899, to 1.
38.	Des Moines Valley Railway Company of Minnesota.	Under general laws of Minnesota, June 6, 1899.	Sold June 4, 1900, to 1.
39.	Minnesota & Wisconsin Railroad Company.	Under general laws of Wisconsin, Nov. 27, 1896.	Sold June 7, 1902, to 1.
40.	Minnesota & Wisconsin Railway Company.	Under general laws of Wisconsin, Apr. 25, 1892.	Sold at foreclosure sale July 15, 1896, after receivership begun Dec. 11, 1893, and acquired Dec. 1, 1896, by 39.
41.	Woodville and Southern Railway Company.	Under general laws of Wisconsin, Oct. 11, 1889.	Sold July 11, 1892, to 40.
42.	Chippewa Valley & Northwestern Railway Company.	Under general laws of Wisconsin, Apr. 29, 1901.	Sold Oct. 14, 1904, to 1.
43.	Eau Claire, Chippewa Falls & Northeastern Railway Company.	Under general laws of Wisconsin, Jan. 15, 1902.	Sold Oct. 14, 1904, to 1.

Development of Fixed Physical Property

The road wholly owned by the Omaha, 1,665.680 miles, and the jointly owned, 6.581 miles, were acquired by it as indicated hereunder:

	Mileage
Wholly owned through—
Consolidation	270.400
Purchase or merger	1,078.550
Construction	330.770
Total	1,679.720
Less mileage at Cedar Falls, Wis., constructed by the Cedar Falls & Northern Railway Company, abandoned in 1902	2.500
Total recorded mileage	1,677.220
Difference between total recorded wholly owned mileage and mileage inventoried as of date of valuation	11.540
Total wholly owned mileage inventoried as of date of valuation	1,665.680
Jointly owned through—
Purchase	5.203
Construction	1.378
Total jointly owned mileage	6.581

Of the 37 corporations which comprise the line of succession culminating in the Omaha as at present constituted, 5 did not construct or improve any property. Those 5 corporations were The Black River Railroad Company, Minnesota and Black Hills Railroad Company, The Neillsville & North Eastern Railway Company, Southern Minnesota Railroad Company, and The Worthington and Sioux Falls Rail Road Company of Iowa. Of the 32 other corporations, 2 only improved property completed by others. These corporations were the Chicago, Saint Paul and Minneapolis Railway Company and the Superior Short Line Railway Company (second corporation). The data with respect to the miles of road constructed by the Omaha and the remaining 30 corporations, the years in which the various portions of the line were constructed, and the manner in which the Omaha acquired the property are indicated in the following table, wherein, to facilitate comparison with the table showing corporate succession, previously given, the same order of corporations is maintained.

		Mileage
Wholly owned
Acquired by consolidation, May 26, 1880, from—
The Chicago, Saint Paul and Minneapolis Railway Company, constructed by the West Wisconsin Railway Company—
Hudson to Elroy, Wis., 1868-1872	177.90
Tomah to Warren, Wis., 1867	10.00
	187.90
Less, abandoned, 1872, Tomah to Warren, Wis.	10.00
		177.90
The North Wisconsin Railway Company—
Constructed by that company, North Wisconsin Junction to New Chandler, Wis., 1871-1879	80.80
Constructed by the Hudson and River Falls Railway Company, Hudson to River Falls, Wis., 1878	11.70
		92.50
Acquired by purchase or merger from—
Saint Paul and Sioux City Railroad Company, May 9, 1881—
Constructed by that company—
Luverne, Minn., to Doon, Iowa, 1879	28.00
Mendota to St. James, Minn., 1865-1870	112.90
Heron Lake to Woodstock, Minn., 1879	44.20
Sioux Falls to Salem, S. Dak., 1880	39.60
Lake Crystal to Elmore, Minn., 1878-1880	43.43
South Stillwater, Minn., to St. Croix Drawbridge, 1880	2.45
Missouri River Transfer to Iowa, 1880	0.94
Constructed by the Worthington and Sioux Falls Railroad Company, Sioux Falls Junction (Trent), Minn., to Sioux Falls, S. Dak., 1876-1878	58.40
Constructed by the Sioux City and Nebraska Railroad Company—
Coburn to Oakland, Nebr., 1880	53.51
Missouri River Transfer, Nebr., 1880	1.31
Constructed by the Covington, Columbus and Black Hills Railroad Company, from Covington to Ponca, Nebr., 1877	25.88
Constructed by the Omaha and Northern Nebraska Railway Company, from Tekamah to Oakland, Nebr., 1879	15.76
Constructed by the Omaha and Northwestern Railroad Company, from Omaha to Tekamah, Nebr., 1870-1876	42.01
Constructed by the Sioux City and St. Paul Railroad Company, St. James, Minn., to Le Mars, Iowa, 1871-1872	122.59
Constructed by The Saint Paul, Stillwater and Taylors Falls Rail Road Company—
St. Paul to Stillwater, Minn., 1871	17.70
Stillwater Junction to St. Croix Drawbridge, Minn.	3.50
Constructed by The St. Croix Railway and Improvement Company, South Stillwater Switch to South Stillwater, Minn., 1872	2.10
		614.29
Sioux City and Nebraska Railroad Company, Dec. 18, 1883, constructed by that company—
Wakefleld to Hartington, Nebr., 1883	33.76
Emerson Junction to Norfolk, Nebr., 1880 (graded only, completed by the Omaha)	46.50
		80.26
Chippewa Falls and Northern Railway Company, Feb. 13, 1882, and June 11, 1883, constructed by that company—
Chippewa Falls to Bloomer, Wis., 1881	14.50
Bloomer to Chicago Junction, Wis., 1882-1883	54.78
		69.28
The Eau Claire & Chippewa Falls Railway Company, Dec. 17, 1883, constructed by that company, from Eau Claire to Chippewa Falls, Wis., 1883		10.87
Ashland Railway Company, Dec. 5, 1885, constructed by that company—
Ashland Junction to Ashland, Wis., 1883	4.38
Ashland Shore Line to Ashland, Wis., 1884	1.31
		5.69
North-Eastern Nebraska Railway Company, June 8, 1888, constructed by that company, Wayne, Nebr., to 1 mile north of Randolph, Nebr., 1886		21.68
Randolph and Northeastern Nebraska Railroad Company, Dec. 13, 1890, constructed by that company, from 1 mile north of Randolph, Nebr., to Bloomfield, Nebr., 1890		21.06
Sault Ste. Marie and Southwestern Railway Company, June 3, 1893, constructed by that company, from Fairchild to Mondovi, Wis., 1887-1890		36.75
Eau Claire Railway Company, June 3, 1893, constructed by that company, Eau Claire to Shaw's Mills, Wis., 1880		2.74
The Menomonie Railway Company, June 3, 1893—
Constructed by that company, Menomonie Junction to Menomonie, Wis., 1880	3.01
Constructed by the Cedar Falls & Northern Railway Company, from a connection with the line of the Omaha to Cedar Falls, Wis., 1882	2.50
		5.51
Superior Short Line Railway Company (second corporation), Aug. 1, 1896—
Constructed by that company—
Superior Short Line Junction to West Superior, Wis., 1884	6.30
Superior Street line, 1884	0.58
Connors Point line, 1884	1.18
Constructed by the Superior Short Line Railway Company of Minnesota, Rice's Point in Duluth, Minn., to connection with the St. Paul & Duluth Railroad, 1886	2.60
		11.07
Watonwan Valley Railway Company, Dec. 14, 1899, constructed by that company, Madelia to Fairmont, Minn., 1899		29.38
Des Moines Valley Railway Company of Minnesota, June 4, 1900, constructed by that company, Bingham Lake to Currie, Minn., 1899-1900		38.63
Minnesota & Wisconsin Railroad Company, June 7, 1902—
Constructed by that company, Spring Valley to Weston, Wis., 1902	16.29
Constructed by the Minnesota & Wisconsin Railway Company, Emerald to Spring Valley, Wis., 1892	12.08
Constructed by the Woodville and Southern Railway Company, Woodville, Wis., to a point south of Wildwood, Wis., 1889-1891	8.00
		36.37
Chippewa Valley & Northwestern Railway Company, Oct. 14, 1904, constructed by that company, Tuscobia to Winter, Wis., 1901-1904		46.00
Eau Claire, Chippewa Falls & Northeastern Railway Company, Oct. 14, 1904, constructed by that company, Chippewa Falls to Hughey, Wta., 1902-1903		49.28
Acquired by construction:
North of Chandler (near Spooner) to Cable, Wis., 1880	38.20
Merrillan toward Neillsville, Wis., 1880-1881	4.50
Cable to Mason, Wis., 1881-1882	30.00
Mason to Bayfield, Wis., 1883	28.51
Superior Junction to Itasca Switch, Wis., 1881-1882	60.63
Four and one-half miles east of Merrillan to Neillsville, Wis., 1881	9.29
Neillsville to Marshfield, Wis., 1887-1891	24.88
Woodstock to Firestone, Minn., 1884	10.90
Spur to depot at Chippewa Falls, Wis., 1884	0.77
River Falls to Ellsworth, Wis., 1885	13.12
Salem to Mitchell, S. Dak., 1887	32.73
Chicago Junction to Spooner, Wis., 1890	0.89
Bloomfield, Nebr., to end of track, 1891	0.38
Ponca to New Castle, Nebr., 1893	10.62
New Castle to Wynot, Nebr., 1907	18.44
Winter to Draper, Wis., 1906	10.00
Draper to Kaiser, Wis., 1908-1910	14.28
Kaiser to Park Falls, Wis., 1914	5.99
Extension of line at Elmore, Minn., 1906	0.26
Cliff to St. Paul Junction, Minn., 1906	1.02
Hartington to Crofton, Nebr., 1908	15.38
		330.770
Total		1,679.720
Less mileage at Cedar Falls, Wis., constructed by the Cedar Falls & Northern Railway Company, abandoned in 1902		2.50
Total recorded mileage wholly owned on date of valuation		1,677.22
Jointly owned
Owned with—
Chicago, Milwaukee and St. Paul Railroad Company, acquired by purchase from the Saint Paul and Sioux City Railroad Company, May 9, 1881; constructed by that company, Mendota to St. Paul, Minn., 1866		5.203
Northwestern, acquired by construction at Marshfield, Wis., date constructed not determined		1.012
Chicago, Burlington & Quincy Railroad Company, acquired by construction, at Norfolk, Nebr., date constructed not determined		0.366
Total recorded jointly owned mileage on date of valuation		6.581

Leased Railway Property

The Omaha uses on date of valuation property owned by other companies and other companies use property owned by the Omaha to the extent indicated in the statement below. The description of the property, the period and terms of use, and the rentals accrued and charged or credited to income for the year ending on date of valuation are as follows:

	Rentals
Solely owned, but jointly used, used with—
North Western—
Tracks, 24.90 miles, from Blair to Omaha, Nebr.; term 99 years from Nov. 30, 1888; terminable on one year's written notice; stipulated payment equal to 2.5 per cent per annum on valuation of $1,102,952.05, plus a proportion of maintenance and operation on a wheelage basis, and one-half of taxes and assessments	$37,166.22
Tracks, 22.60 miles, from Elroy to Wyeville, Wis.; term 99 years from Mar. 1, 1912; stipulated annual payment equal to one-half of 4 per cent on valuation of $899,122.90, plus a proportion of maintenance and operation on a wheelage basis, and one-half of taxes and assessments	23,062.02
Tracks, 1.49 miles of yard tracks, passenger station, and yard facilities at Ashland, Wis.; term 20 years from July 22, 1900; stipulated annual payment equal to one-half of 4 per cent on an agreed valuation, less one-half of amount of rental collected from Northern Pacific Railway Company, plus one-half of taxes and assessments; plus one-half of maintenance and operation of station facilities, less one-half amount collected from Northern Pacific Railway Company, plus actual cost of switching passenger equipment	1,000.26
Tracks, 10.56 miles of yard tracks and engine-house facilities at Elroy, Wis.; term 99 years from Dec. 1, 1899; stipulated annual payment equal to one-half of 5 per cent on valuation of $373,025.65; lessee pays 70 per cent of maintenance of facilities, operation of yard, taxes, and assessments; operation of engine-house on basis of engine arrivals; lessee allowed 70 per cent of joint-facility revenue	10,655.74
Tracks, 34.52 miles of yard tracks, freight stations, and engine-house facilities at Sioux City, Iowa.; term June 24, 1912, to May 7, 2003; stipulated payments as follows: Tracks, 11th to 28th Streets, one-half of 5 per cent per annum on agreed valuation of $49,245.47; yard tracks, freight stations, and engine-house facilities; one-half of 4 per cent on an agreed valuation; maintenance of tracks on a 50 per cent basis, maintenance and operation of freight station on basis of tonnage handled; operation of yard on basis of cars handled; operation and maintenance of engine-house facilities on basis of engine arrivals; taxes and assessments on 50 per cent basis; joint-facility revenue on basis of cars handled	29,838.19
Freight and passenger station at Blue Earth, Minn.; stipulated payment one-half of 5 per cent per annum on agreed valuation, plus 50 per cent of operation and maintenance; joint-facility revenue on 50 per cent basis	906.24
Chicago, Milwaukee and St. Paul Railway Company, tracks, 2.16 miles, from Stillwater to South Stillwater, Minn.; term 99 years from May 13, 1904; stipulated payment equal to one-half of 5 per cent on agreed valuation of $64,310.96, plus a proportion on a wheelage basis of maintenance and operation	1,604.13
The Chicago, Rock Island and Pacific Railway Company, tracks, 0.92 mile from Sibley to Chestnut Street, St. Paul, Minn.; term 100 years from Jan. 1, 1903; stipulated payment $3,000 per annum.	3,000.00
Minneapolis, St. Paul & Sault Ste. Marie Railway Company, tracks, 0.92 mile from Sibley to Chestnut Street, St. Paul, Minn.; term 10 years from Nov. 15, 1909; stipulated payment $3,000 per annum.	3,000.00
The Duluth, South Shore & Atlantic Railway Company, tracks, 1.35 miles from Stinson Street to McBain Avenue, Superior, Wis.; for indefinite period, subject to one year's notice after Dec. 31, 1901; stipulated rental $3,000 per annum plus an agreed payment of $300 per annum for proportion of maintenance and operation.	3,300.00
Duluth, Winnipeg and Pacific Railway Company, tracks, 2.87 miles of yard tracks and station facilities at Duluth, Minn.; term 5 years from Dec. 15, 1912; stipulated annual payment $9,000, plus 25 per cent of maintenance and operation of passenger station; plus maintenance of freight house and dock on basis of tonnage handled; plus maintenance of tracks on basis of cars handled with a minimum monthly charge of $100; switching of freight and passenger cars agreed charge per car; less allowance of 25 per cent joint-facility revenue at passenger station	9,000.00
Northern Pacific Railway Company, tracks, passenger station, and yard at Ashland, Wis.; term 10 years from Mar. 1, 1911; stipulated annual payment of $1,800 plus one-third maintenance of tracks and of station facilities, plus one-third of operation of passenger station; joint facility revenue divided on one-third basis	1,800.00
Jointly used, but not owned, owned by—
North Western—
Tracks, 14.01 miles of yard tracks and station facilities at Elroy, Wis.; term, indefinite period from Sept. 1, 1915, subject to 60 days' notice; stipulated payment 5 per cent per annum on one-half of agreed valuation of $204,334; plus 50 per cent of maintenance of tracks; the Omaha pays 30 per cent of maintenance and operation of station facilities, and 30 per cent of taxes and assessments	5,105.53
Freight station and 3.40 miles of yard tracks at Omaha, Nebr.; term subject to 90 days' notice after Dec. 3, 1907; stipulated payment one-third of 5 per cent per annum on an agreed valuation of $553,632.95; operation based on tonnage handled; and one-third of taxes. No joint-facility revenue	9,692.05
Tracks, 0.50 mile main and 7.17 miles of yard tracks and station facilities at Sioux City, Iowa; term June 24, 1912, to May 7, 2003; stipulated payment as follows: Passenger facilities, first floor, one-half of 4 per cent, second floor, one-eighth of 4 per cent per annum on agreed valuation; other facilities one-half of 4 per cent per annum on agreed valuation; 50 per cent of maintenance and operation of first floor and 25 per cent of maintenance and operation of second floor of passenger station; 50 per cent of maintenance of tracks; 50 per cent of taxes; less 50 per cent of joint-facility revenue and 50 per cent of amount collected from the Illinois Central Railroad Company	9,535.57
Tracks, 8.77 miles of yard tracks, station, and engine-house facilities at Wyeville, Wis.; subject to one year's notice from May 1, 1912; stipulated payment equal to one-half of 4 per cent per annum on agreed value of $309,737.93, plus 50 per cent of maintenance of tracks; maintenance and operation of engine-house facilities on basis of engine arrivals; 50 per cent of maintenance and operation of yard and station facilities; joint-facility revenue on 50 per cent basis	6,182.35
Chicago, Burlington & Quincy Railroad Company, track, Hoffman Ave. (Daytons Bluff), St. Paul, Minn.; no contract; operation and maintenance prorated on rate per car and engine	7,434.28
Chicago, Milwaukee & St. Paul Railway Company, track, Hoffman Ave., St. Paul, Minn.; no contract; maintenance and operation prorated on agreed basis of cars handled; no joint-facility revenue	6,681.69
Great Northern Railway Company—
Tracks, 11.40 miles, including structures from St. Paul to Minneapolis, Minn.; term 99 years from Aug 7, 1880; stipulated payment, rental 2.5 per cent per annum on agreed valuation of $1,432,035.42; maintenance and operation of tracks on wheelage basis; maintenance and operation of interlockers on basis of levers thrown; no joint-facility revenue	39,802.97
Passenger station and tracks at Minneapolis, Minn.; term, July 1, 1886, to Nov. 1, 1979; stipulated payment 2 per cent per annum on agreed valuation of $5,250,000; maintenance and operation prorated on basis of rated cars handled; joint-facility revenue prorated on basis of rated cars handled	105,871.76
Illinois Central Railroad Company, tracks, 25.20 miles, Le Mars to Sioux City, Iowa; term, during corporate existence from Oct. 1, 1887; stipulated payment at agreed rate of $450 per mile of main track; 60 per cent of local passenger and freight revenue; 48 per cent of taxes; additions made from time to time are covered by special agreement; interest rate varies; 46 per cent of taxes; maintenance of tracks prorated on wheelage basis; maintenance and operation of stations prorated on basis of gross earnings at each place; joint facility revenue prorated on basis of gross earnings	29,800.88
The Lake Superior Terminal and Transfer Railway Company of the State of Wisconsin, tracks, yard, and engine-house facilities; stipulated payment, maintenance, operation, and joint-facility revenue based on rated cars handled	2,715.18
The Minneapolis & St. Louis Railroad Company, tracks, 27 miles, including sidings and structures, Minneapolis to Merriam, Minn.; term, 99 years from Sept. 25, 1882; stipulated payment 3 per cent per annum on agreed valuation of $1,138,717.06; plus maintenance and operation on wheelage basis; no joint-facility revenue	34,161.48
The Minnesota Transfer Railway Company, tracks, freight sheds and other facilities at Minneapolis, Minn.; perpetual from Mar. 10, 1883; stipulated rental; tenant-line proportion of interest on bonds; maintenance and operation on tonnage basis	11,961.39
Northern Pacific Railway Company—
Tracks, 1.59 miles, Superior, Wis., to Duluth, Minn.; stipulated payment equal to 3 per cent per annum on an agreed valuation of $35,307.04; maintenance of track on wheelage basis; use of bridge on agreed rate per car and engine	26,617.14
Station, Stillwater, Minn.; term, Oct. 8, 1906, to Oct. 8, 1917; stipulated payment, agreed amount annually, plus 45.45 per cent of maintenance and operation	1,322.08
The Saint Paul Union Depot Company, tracks and station facilities at St. Paul, Minn.; term 99 years from Dec. 18, 1916, stipulated rental payment, proportion of interest on bonds plus maintenance and operation based on rated cars handled; joint-facility revenue based on rated cars handled	16,224.44
Sioux City Bridge, track, 3.90 miles and bridge at Sioux City, Iowa; term June 28, 1910, to Oct. 31, 1919; stipulated rental payment, $51,117.76 per annum, plus maintenance and operation on wheelage basis, and 50 per cent of taxes and assessments	67,649.13
Jointly owned and jointly used, used with—
Chicago, Burlington & Quincy Railroad Company, Eighth Street tracks, 1.38 miles of yard tracks at Omaha, Nebr.; term, perpetual from Dec. 11, 1903; stipulated payment 2.5 per cent per annum assessed by each road on agreed valuation	1,542.71
North Western, tracks, 1.012 miles of main and 3.196 miles of yard tracks and engine house at Marshfield, Wis.; term 99 years from Sept. 15, 1901, stipulated payment, agreed per cent of maintenance and operation on basis of cars handled plus taxes on 50 per cent basis	......
Chicago, Milwaukee and St. Paul Railway Company, tracks, 5.203 miles of main from St. Paul to Mendota, Minn.; maintenance and operation prorated on wheelage basis; no joint-facility revenue	......
Union Pacific Railway Company, track, 0.366 mile, and station at Norfolk, Nebr.; maintenance and operation on basis of 50 per cent; joint-facility revenue divided on 50 per cent basis	......

There are other facilities of minor importance, such as interlockers, stations, and yard tracks and sidings in which the Omaha grants or receives joint use as well as certain jointly-owned yard tracks and sidings, that are not listed in this chapter. The telegraph pole lines amounting to 1,679.84 miles constructed on the right of way of the lines of the Omaha are wholly owned and used by The Western Union Telegraph Company, under an agreement dated December 16, 1891, which grants to the Omaha only incidental use of certain telegraph property.

Predecessor Companies

Chicago, Saint Paul and Minneapolis Railway Company

This company was incorporated April 30, 1878, in the State of Wisconsin. The records reviewed do not indicate whether the company was controlled by any individual or corporation on May 26, 1880, the date of consolidation, nor, on the other hand, whether it then controlled any common-carrier corporation. The property was operated by its own organization from May 2, 1878, the date it acquired the property, to the date of consolidation.

The railroad operated by the company was a single-track, standard-gauge, steam railroad, located in Wisconsin and Minnesota, aggregating 201.20 miles. The owned mileage, 177.90 miles, consisted of a main line extending from Hudson to Elroy, Wis. The mileage operated under lease, 23.30 miles, consisted of a line extending from Hudson, Wis., to St. Paul, Minn. The entire mileage had been acquired from the West Wisconsin Railway Company, through foreclosure sale and reorganization, by deed dated May 2, 1878.

West Wisconsin Railway Company, Formerly Named Tomas and Lake St. Croix Railroad Company

This company was incorporated April 1, 1863, in the State of Wisconsin, as the Tomah and Lake St. Croix Railroad Company. The name was changed August 23, 1867. While the accounting records of the company were obtained for the period from the date of its incorporation to December 31, 1875, they are incomplete. For that reason only partial information can be given from its accounts regarding its financial dealings, corporate operations, or investments. The records reviewed do not indicate whether the company was controlled by any individual or corporation on March 1, 1878, the date of foreclosure sale, nor, on the other hand, whether it then controlled any common-carrier corporation.

The property of the company was operated by the Milwaukee and St. Paul Railway Company from 1868 to May 7, 1871. From May 8, 1871, to October 19, 1876, it was operated by W. H. Perry, trustee, and from the latter date until May 31, 1877, by the company's own organization. From June 1, 1877, to March 1, 1878, the date of foreclosure sale, it was operated by a receiver.

The railroad owned on date of sale consisted of 177.90 miles of single-track, standard-gauge, steam railroad, extending from Hudson to Elroy, Wis., which had been acquired by construction. The construction work was all performed by contractors, none of whom appear to have been affiliated with the company. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Omaha.

North Wisconsin Railway Company

This company was incorporated November 17, 1871, under the general laws of the State of Wisconsin. The accounting records of this company are incomplete for the period from the date of its organization to July 1, 1876. For that reason only partial information can be given from the accounts in connection with financial dealings, corporate operations, or investments. The records reviewed do not indicate that the company was controlled by any individual or corporation on May 26, 1880, the date of consolidation, nor, on the other hand, that it then controlled any common-carrier corporation. The property was operated by its own organization from the date of completion to the date of consolidation.

The railroad owned on the date of consolidation, 92.50 miles, was a single-track, standard-gauge, steam railroad, and consisted of a main line extending from North Wisconsin Junction, Wis., to a point north of Chandler, Wis., and a branch line extending from Hudson to River Falls, Wis. Of the road owned by the company on the date of consolidation, it had acquired 11.70 miles from the Hudson and River Falls Railway Company and 80.80 miles by construction. 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 Omaha.

Hudson and River Falls Railway Company

This company was incorporated February 11, 1878, under the general laws of the State of Wisconsin. The records reviewed indicate that this company was controlled on May 17, 1880, the date of sale, by John C. Spooner and others, who were affiliated with the North Wisconsin Railway Company through ownership of its capital stock. On the other hand, the records do not indicate that this company, itself, controlled any other common-carrier corporation. The property was operated under lease by The Saint Paul, Stillwater and Taylors Falls Railroad Company from the date of completion to the date of sale.

The railroad owned by the company consisted of 11.70 miles of single-track, standard-gauge, steam railroad, extending from Hudson to River Falls, Wis., including, however, a section of 4,800 feet in Hudson, Wis., jointly owned. The entire mileage had been acquired by construction. Of the section of joint track referred to, one-half was deeded immediately upon completion to the Omaha and charged to the account of that company. The records indicate that the grading was done by contractors not affiliated with the company, and the remainder of the work by company forces. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Omaha.

The Black River Railroad Company

This company was incorporated March 2, 1878, in the State of Wisconsin. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings or investments. However, certain data given below were obtained from its minute book and records of the Omaha. The records reviewed do not indicate whether the company was controlled by any individual or corporation on November 27, 1880, the date of sale, nor, on the other hand, whether it then controlled any common-carrier corporation. While this company was authorized to build a standard-gauge, steam railroad from Merrillan towards Neillsville, Wis., it did not construct that line, or own any railroad property, other than certain franchise rights, on date of sale. The authorized capital stock was $150,000 par value, divided into shares of $100 par value each. How much was actually issued and the considerations received therefor were not ascertained from the records obtained.

Saint Paul and Sioux City Railroad Company, Formerly Named Minnesota Valley Railroad Company

This company was incorporated March 4, 1864, in the State of Minnesota, as the Minnesota Valley Railroad Company. The name was changed June 7, 1870. The records reviewed do not indicate that the company was controlled by any individual or corporation on May 9, 1881, the date of sale, nor, on the other hand, that it then controlled any common-carrier corporation. The property was operated by its own organization from the dates portions of its line were completed or purchased to May 9, 1881, the date of sale. Although the property of this company was conveyed to the Omaha by deed dated May 9, 1881, the results of corporate operations to May 31, 1881, are recorded in the books of account of the company.

The railroad operated by this company was a single-track, standard-gauge, steam railroad, located in Minnesota, Iowa, Nebraska, and South Dakota, aggregating 619.463 miles. The wholly owned railroad, 614.200 miles, consisted of a main line extending from Mendota, Minn., to Le Mars, Iowa, and several branch lines. In addition, 5.203 miles of main track, extending from Mendota to St. Paul, Minn., were owned jointly. The company used under trackage rights about 25 miles of the road of the Illinois Central Railroad Company, extending from Le Mars to Sioux City, Iowa.

Of the road wholly owned by the company on the date of sale, it had acquired 58.40 miles from the Worthington and Sioux Falls Railroad Company, 122.59 miles from the Sioux City and St. Paul Railroad Company, 23.30 miles from The Saint Paul, Stillwater and Taylors Falls Rail Road Company, 138.45 miles from the Sioux City and Nebraska Railroad Company, and 271.52 miles by construction. The jointly owned road, 5.203 miles, was constructed jointly with the Chicago, Milwaukee and St. Paul Railway 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 Omaha.

Southern Minnesota Railroad Company, Formerly Named The Root River Valley and Southern Minnesota Rail Road Company

This company was incorporated March 2, 1855, in the Territory of Minnesota, as The Root River Valley and Southern Minnesota Rail Road Company. The name was changed May 23, 1857. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings or investments. However, certain data given below were obtained from other sources and records of the successor company. The records reviewed do not indicate whether the company was controlled by any individual or corporation on October 16, 1860, the date the State of Minnesota enforced its lien and became owner of the road, nor, on the other hand, whether it then controlled any common-carrier corporation. The company owned approximately 57.50 miles of graded right of way, located on lands granted to it by the State of Minnesota, and after grading the right of way had received $575,000 par value of aid bonds from the State. The company failed to complete the construction of its road and the property, land grants, and franchises were taken over and held by the State of Minnesota until March 4, 1864, when by special act of the legislature the entire property and land grants were acquired by the Saint Paul and Sioux City Railroad Company.

Worthington and Sioux Falls Railroad Company, Formerly Named The Saint Paul and Dakota Rail Road Company

This company was incorporated April 20, 1876, in the State of Minnesota, as The Saint Paul and Dakota Rail Road Company. The name was changed June 23, 1876. The company was controlled on July 18, 1879, the date of sale, by the Saint Paul and Sioux City Railroad Company through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The property of the company was operated by its own organization from the dates of completion to the date of sale.

The completed railroad owned by the company consisted of 58.40 miles of single-track, standard-gauge, steam railroad, extending from Sioux Falls Junction (Trent), Minn., to Sioux Falls, S. Dak., which had been acquired by construction during the period 1876 to 1878. The construction work was performed in part by the Saint Paul and Sioux City and in part by contractors, none of whom appears to have been affiliated with the company.

In addition to the completed road owned on date of sale, a branch line was under construction between Luverne, Minn., and the Minnesota-Iowa State line, about 10.56 miles. The construction work was being performed by the Saint Paul and Sioux City and that company completed the branch as a part of its own road.

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 Omaha.

Worthington and Sioux Falls Rail Road Company of Iowa

This company was incorporated June 2, 1879, in the State of Iowa. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings or investments. However, certain data given below were obtained from its minute book and the records of its successor. The records reviewed do not indicate whether the company was controlled by any individual or corporation on July 18, 1879, the date of sale, nor that it then controlled any common-carrier corporation. The authorized capital stock was $1,500,000 par value, divided into shares of $100 par value each, all of which was classified as common stock. The records reviewed do not indicate that any stock had been issued to date of sale. The records reviewed do not indicate that the company had acquired any property, nor that any construction work had been performed to the date of sale. Its proposed railroad of about 17 miles from the Minnesota-Iowa State line to Doon, Iowa, was constructed by the Saint Paul and Sioux City Railroad Company as an extension of its own line.

Minnesota and Black Hills Railroad Company

This company was incorporated June 7, 1879, in the State of Minnesota. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings or investments. However, certain data indicated below were obtained from its minute book and the records of its successor. The records reviewed do not indicate whether the company was controlled by any individual or corporation on July 18, 1879, the date of sale, nor, on the other hand, whether it then controlled any common-carrier corporation. The records reviewed indicate that the authorized capital stock of this company was $1,200,000 par value, divided into shares of $100 par value each. The amount of capital stock issued, if any, was not ascertainable from the records obtained. The company had a short life, and did not own any railroad on July 18, 1879, the date it conveyed its rights and franchises to the Saint Paul and Sioux City Railroad Company. Only certain expenditures for organization and engineering had been made as of that date by the Saint Paul and Sioux City for account of the company.

Sioux City and St. Paul Railroad Company

This company was incorporated January 31, 1866, in the State of Iowa. All of the accounting records of the company were not obtained. Therefore, full information can not be given from the accounts regarding its financial dealings, corporate operations, or investments. The records reviewed do not indicate whether the company was controlled by any individual or corporation on September 1, 1879, the date of sale, nor, on the other hand, whether it then controlled any common-carrier corporation. The property of the company was operated by its own organization from the date of completion to the date of sale.

The railroad owned by the company consisted of 122.59 miles of single-track, standard-gauge, steam railroad, extending from St. James, Minn., to Le Mars, Iowa, which had been acquired by construction during the period April, 1871, to October, 1872. The construction work was performed under contract by Merriam and Brown, contractors, who resigned as directors of the company on March 2, 1871, for the purpose of constructing the line. 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 Omaha.

The Saint Paul, Stillwater and Taylors Falls Rail Road Company

This company was incorporated December 4, 1869, in the State of Minnesota. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data given below were obtained from its minute book and other documents on file. The records reviewed do not indicate whether the company was controlled by any individual or corporation on March 1, 1880, the date of sale, nor, on the other hand, whether it then controlled any common-carrier corporation. Of the 23.30 miles of railroad owned by the company, 3.50 miles were operated by the West Wisconsin Railway Company and its successor, the Chicago, Saint Paul and Minneapolis Railway Company, and 19.80 miles by its own organization from the date of completion to the date of sale.

The railroad owned by the company on date of sale consisted of a main line of 19.80 miles, extending from St. Paul to Stillwater, with a branch line of 3.50 miles, extending from Stillwater Junction to St. Croix Drawbridge, all in Minnesota. Of the road owned by the company, it had acquired 2.10 miles by purchase from The St. Croix Railway and Improvement Company and 21.20 miles by construction during 1871. The records reviewed do not indicate by whom the construction work was performed. 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 Omaha.

The St. Croix Railway and Improvement Company

This company was incorporated August 14, 1872, in the State of Minnesota. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data given below were obtained from other sources.

The records reviewed do not indicate whether the company was controlled by any individual or corporation on October 1, 1873, the date of sale, nor, on the other hand, whether it then controlled any common-carrier corporation. The company owned on the date of sale 2.10 miles of single-track, standard-gauge, steam railroad, between South Stillwater Switch and South Stillwater, Minn., which had been acquired by construction in 1872.

Sioux City and Nebraska Railroad Company

This company was incorporated December 18, 1879, in the State of Nebraska. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data given below were obtained from its minute book and from the accounting records of the Saint Paul and Sioux City Railroad Company and the Omaha. The records reviewed indicate that the company was controlled on December 18, 1883, the date of sale, by the Omaha, through ownership of its capital stock or by virtue of advances for construction and other corporate purposes. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The property was operated by the Saint Paul and Sioux City and its successor, the Omaha, under an implied lease, from the various dates its property was acquired until the date of sale.

While the railroad owned by the company on December 18, 1883, the date of sale, consisted of 33.76 miles of single-track, standard-gauge, steam railroad, extending from Wakefield to Hartington, Nebr., it previously had acquired by purchase and construction 184.95 miles of road, of which 25.86 miles was narrow gauge, subsequently changed to standard gauge, all of which the company disposed of at prior sales. However, the line from Emerson Junction to Norfolk, Nebr., 46.50 miles, was only graded by this company and completed by the Omaha. The data with respect to the acquisition and disposal of the properties are given below:

		Mileage
Acquired by purchase:
From the Omaha and Northern Nebraska Railroad Company, Omaha to Oakland, Nebr.	57.77
From E. F. Drake, property of the Covington, Columbus and Black Hills Railroad Company, Covington to Ponca, Nebr. (narrow gauge, but changed to standard gauge after acquired)	25.86
		83.63
Acquired by construction:
Oakland to Coburn Junction, Nebr.	53.51
Missouri River Transfer, Nebr.	1.31
Emerson Junction to Norfolk, Nebr.	46.50
Wakefield to Hartington, Nebr.	33.76
		135.08
Total acquired by purchase and construction		218.71
Less mileage sold:
To the Saint Paul and Sioux City—
Omaha to Oakland, Nebr.	57.77
Missouri River Transfer, Nebr.	1.31
Covington to Ponca, Nebr.	25. 86
Oakland to Coburn Junction, Nebr.	53.51
	138.45
To the Omaha, Emerson Junction to Norfolk, Nebr.	46.50
		184.95
Mileage owned on date of demise		33.76

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 Omaha.

Covington, Columbus and Black Hills Railroad Company

This company was incorporated November 12, 1875, in the State of Nebraska. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data given below were obtained from the returns of the Omaha to Valuation Order No. 20 and from the files of that company. The records reviewed do not indicate whether the company was controlled by any individual or corporation on October 22, 1879, the date of foreclosure sale, nor, on the other hand, whether it then controlled any common-carrier corporation. The property of the company was operated by its own organization from the date it was placed in operation until the date of sale.

The railroad owned by the company on date of sale consisted of 25.86 miles of single-track, narrow-gauge, steam railroad, extending from Covington to Ponca, Nebr., which had been acquired by construction during 1877.

Omaha and Northern Nebraska Railway Company

This company was incorporated October 5, 1878, in the State of Nebraska. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data given below were obtained from the records of the Omaha. The records reviewed do not indicate whether the company was controlled by any individual or corporation on February 11, 1880, the date of sale, nor, on the other hand, whether it then controlled any common-carrier corporation. The property of the company was operated by its own organization from the dates of acquirement thereof to the date of sale.

The railroad owned by the company on date of sale consisted of 57.77 miles of single-track, standard-gauge, steam railroad, extending from Omaha to Oakland, Nebr., of which 42.01 miles was acquired August 8, 1879, from the Union Trust Company of New York, trustee, which had acquired it December 2, 1878, following a foreclosure sale on October 24, 1878, of the property of the Omaha and Northwestern Railroad Company. The remainder of the railroad owned, 15.76 miles, was acquired by construction during 1879.

Omaha and Northwestern Railroad Company

This company was incorporated November 30, 1869, in the State of Nebraska. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data given below were obtained from the records of the Omaha and from the files of that company. The records reviewed do not indicate whether the company was controlled by any individual or corporation on October 24, 1878, the date of foreclosure sale, nor, on the other hand, whether it then controlled any common-carrier corporation. The property of the company was operated by its own organization from the various dates construction was completed until the date of sale.

The railroad owned by the company on date of sale consisted of 42.01 miles of single-track, standard-gauge, steam railroad, extending from Omaha to Tekamah, Nebr., all of which had been acquired by construction in the years 1870, 1871, and 1876.

Chippewa Falls and Northern Railway Company

This company was incorporated June 15, 1881, in the State of Wisconsin. The records reviewed do not indicate that the company was controlled by any individual or corporation on June 11, 1883, the date of sale, nor, on the other hand, that it then controlled any common-carrier corporation. The property of this company was operated by its own organization from the dates the various sections of road were completed to the respective dates of sale.

The company owned on June 11, 1883, the date of sale, 54.78 miles of single-track, standard-gauge, steam railroad, extending from Bloomer to Chicago Junction, Wis., which had been acquired by construction during the years 1882 and 1883. In addition, the company had previously constructed in 1881 the railroad extending from Chippewa Falls to Bloomer, Wis., 14.50 miles, which it sold to the Omaha on February 13, 1882. The records reviewed indicate the construction work was performed partly by various contractors and partly by forces of the company.

The Eau Claire & Chippewa Falls Railway Company

This company was incorporated June 2, 1881, in the State of Wisconsin. The records reviewed do not indicate that the company was controlled by any individual or corporation on December 17, 1883, the date of sale, nor, on the other hand, that it then controlled any common-carrier corporation.

The railroad owned by the company on the date of sale, 10.57 miles, consisted of a single-track, standard-gauge, steam railroad, extending from Eau Claire to Chippewa Falls, Wis. The property was not operated while owned by this company. When construction had been completed it was conveyed to the Omaha. The entire road had been acquired by construction during 1883. The records reviewed indicate that the construction work was performed partly by Langdon & Company, contractors, and partly by the railroad company's own forces.

The Neillsville & North Eastern Railway Company

This company was incorporated August 22, 1881, in the State of Wisconsin. No accounting records of this company were obtained. Therefore, nothing can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain information given below was obtained from the records of the Omaha. The records reviewed do not indicate whether the company was controlled by any individual or corporation on April 22, 1884, the date of sale, nor, on the other hand, whether it then controlled any common-carrier corporation. The authorized capital stock was $1,300,000 par value, divided into shares of $100 par value each and classified as common stock. The records reviewed indicate that $500 par value of capital stock was issued to the directors of the company, but the consideration received or the disposition of the stock could not be determined. The company had acquired some right of way, the extent of which could not be ascertained, but no construction work had been performed to date of sale. Its minute records indicate that its property was conveyed to the Omaha for a consideration of $1.

Ashland Railway Company

This company was incorporated June 28, 1882, in the State of Wisconsin. The accounting records of the company are incomplete. Therefore, no information of value can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data given below were obtained from its minute book and from the records of the Omaha. The company was indirectly controlled by the Omaha on December 5, 1885, the date of sale, through certain of its officials who composed the board of directors of this company and who held the entire outstanding capital stock. On the other hand, the records reviewed do not indicate that this company then controlled any common-carrier corporation. The property was operated by the Omaha from the date of completion to the date of sale.

The railroad owned by the company amounted to 4.38 miles of main line and 1.31 miles of branch line. It is a single-track, standard-gauge, steam railroad, the main line extending from Ashland Junction to Ashland, Wis. The branch line was known as the Ashland Shore Line. All of the property had been acquired by construction during 1883 and 1884. The records reviewed do not indicate by whom the construction work was performed. 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 Omaha.

North-Eastern Nebraska Railroad Company

This company was incorporated June 3, 1886, in the State of Nebraska. The company was indirectly controlled by the Omaha on June 8, 1888, the date of sale, through certain of its officials who composed the board of directors of this company and who held the outstanding capital stock. On the other hand, the records reviewed do not indicate that this company then controlled any common-carrier corporation. The property was operated by the Omaha from date of completion to date of sale.

The railroad owned by the company on date of sale consisted of 21.68 miles of single-track, standard-gauge, steam railroad, extending from Wayne to a point 1 mile north of Randolph, Nebr., which had been acquired by construction in 1886. The records reviewed do not indicate by whom the construction work was performed. 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 Omaha.

Randolph and Northeastern Nebraska Railroad Company

This company was incorporated August 8, 1890, in the State of Nebraska. The company was indirectly controlled by the Omaha on December 13, 1890, the date of sale, through certain of its officials who composed the board of directors of this company and who held the outstanding capital stock. On the other hand, the records reviewed do not indicate that this company then controlled any common-carrier corporation. The property was operated by the Omaha from date of completion to date of sale.

The railroad owned by the company on date of sale, 21.08 miles, consisted of a single-track, standard-gauge, steam railroad, extending from a point 1 mile north of Randolph to Bloomfield, Nebr., which had been acquired by construction in 1890. While the records reviewed do not indicate by whom the construction work was performed, the entire construction was under the supervision of the Omaha. 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 Omaha.

Sault Ste. Marie and Southwestern Railway Company, Formerly Named the Fairchild and Mississippi River Railway Company

This company was incorporated March 29, 1886, in the State of Wisconsin, as the Fairchild and Mississippi River Railway Company. The name was changed July 16, 1887. No accounting records of the company for the period from the date of its incorporation to April 1, 1891, the date it was taken over for operation by the Omaha, were obtained. For that reason only partial information can be given from the accounts in connection with its financial dealings, corporate operations, or investments. Certain information given below was obtained from other sources. The company was controlled on June 3, 1893, the date of sale, by the Omaha, through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company then controlled any common-carrier corporation. The property of the company was operated by its own organization from the date of completion to April 1, 1891. From that date to date of sale it was separately operated by the Omaha.

The property owned by the company on date of sale consisted of 36.75 miles of single-track, standard-gauge, steam railroad, extending from Fairchild to Mondovi, Wis., which had been acquired by construction during the years 1887, 1889, and 1890. The records reviewed indicate that the construction work was performed by several contractors, none of whom appears to have been affiliated with the company. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Omaha.

Eau Claire Railway Company

This company was incorporated June 23, 1879, in the State of Wisconsin. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain information given below was obtained from records of the Omaha and other sources. The company was controlled on June 3, 1893, the date of sale, by the Omaha, through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The property of the company was operated by the Omaha from the date of completion to date of sale.

The railroad owned by the company on date of sale consisted of 2.74 miles of single-track, standard-gauge, steam railroad, extending from Eau Claire to Shaw's Mills, Wis., which had been acquired by construction in 1880. The construction work was performed by the Chicago, Saint Paul and Minneapolis Railway Company and its successor, the Omaha.

The Menomonie Railway Company

This company was incorporated April 8, 1879, in the State of Wisconsin. The company was controlled on June 3, 1893, the date of sale, by the Omaha, through ownership of a majority 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 separately operated by the Omaha from date of completion to date of sale.

The railroad owned by the company on date of sale consisted of 5.51 miles of single-track, standard-gauge, steam railroad, extending from a connection with the Omaha in Dunn County to Menomonie, Wis., of which it had acquired 2.50 miles by purchase from the Cedar Falls & Northern Railway Company and 3.01 miles by construction in 1880. The records reviewed indicate that the construction work was performed by the Omaha. 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 Omaha.

Cedar Falls & Northern Railway Company

This company was incorporated September 22, 1881, in the State of Wisconsin. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain information given below was obtained from its minute book and from the records of the Omaha. The records reviewed do not indicate whether the company was controlled by any individual or corporation on December 17, 1883, the date of sale, nor, on the other hand, whether it then controlled any common-carrier corporation. This company owned on the date of sale 2.50 miles of single-track railroad, extending from a connection with the Omaha, in Dunn County, to Cedar Falls, Wis., which had been acquired by construction in 1882. The records reviewed indicate that the construction work was performed by the Omaha. The authorized capital stock was $50,000 par value, divided into shares of $100 par value each. It could not be determined from the records obtained whether or not any stock had been issued to date of sale. The accounts of the Omaha record expenditures by it aggregating $19,265.80 in the construction of the property of this company.

Superior Short Line Railway Company (Second Corporation)

This company was incorporated May 14, 1895, in the States of Wisconsin and Minnesota. The company was controlled on August 1, 1895, by the Omaha, through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The property of the company was operated by the Omaha as part of its own system from the date acquired to date of sale.

The property owned by the company on date of sale consisted of 11.07 miles of single-track, standard-gauge, steam railroad. It extended from Superior Short Line Junction to West Superior, Wis., 6.30 miles, with two branch lines, one known as the Superior Street line, 0.58 mile, the other known as Connors Point line, 1.59 miles; and from Rice's Point, Duluth, Minn., to a connection with the St. Paul and Duluth Railroad, 2.60 miles. Of the railroad owned by the company on date of sale, it had acquired 8.47 miles from the Superior Short Line Railway Company (first corporation) and 2.60 miles from the Superior Short Line Railway Company of Minnesota in the consolidation. 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 Omaha.

Superior Short Line Railway Company (First Corporation)

This company was incorporated February 6, 1884, in the State of Wisconsin. The company was controlled on May 14, 1895, the date of consolidation, by the Omaha, through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The property of the company was operated by the Omaha, as a part of its own system, from the date of completion to date of consolidation.

The property owned by the company on date of consolidation, 8.47 miles of single-track, standard-gauge, steam railroad, consisting of 6.30 miles of main line extending from Superior Short Line Junction to West Superior, Wis., and two branch lines, aggregating 2.17 miles, at West Superior, Wis., had been acquired by construction in 1884. The records reviewed indicate that the construction work was performed by the Omaha. 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 Omaha.

Superior Short Line Railway Company of Minnesota

This company was incorporated September 19, 1885, in the State of Minnesota. The company was controlled on May 14, 1895, the date of consolidation, by the Omaha, 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 the company was operated by the Omaha as a part of its own system from the date of completion to date of consolidation.

The property owned by the company on date of consolidation consisted of 2.60 miles of single-track, standard-gauge, steam railroad, extending from Rice's Point to a connection with the St. Paul and Duluth Railroad Company, at Duluth, Minn., which had been acquired by construction in 1886. The records reviewed indicate that the construction work was performed in part by the Omaha and in part by contractors who were not affiliated with the company. Details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Omaha.

Watonwan Valley Railway Company

This company was incorporated January 16, 1899, in the State of Minnesota. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings or investments.

However, certain data were obtained from its minute book and from the records of the Omaha. The company was controlled on December 14, 1899, the date of sale, by the Omaha, through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The property of the company was not operated prior to the date it was conveyed to the Omaha.

The railroad owned by the company on the date of sale consisted of 29.38 miles of single-track, standard-gauge, steam railroad, extending from Madelia to Fairmont, Minn., which had been acquired by construction during 1899.

Des Moines Valley Railway Company of Minnesota

This company was incorporated June 5, 1899, in the State of Minnesota. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data indicated below were obtained from its minute book and the records of the Omaha. The company was controlled by the Omaha on June 4, 1900, the date of sale, through ownership of the capital stock. On the other hand, the records reviewed do not indicate that this company then controlled any common-carrier corporation. The property of the company was operated by the Omaha from date of completion to date of sale.

The railroad owned by the company of Minnesota on date of sale consisted of 38.63 miles of single-track, standard-gauge, steam railroad, extending from Bingham Lake to Currie, Minn., which had been acquired by construction during 1899 and 1900. The construction work was performed under an agreement with the Omaha. However, the records reviewed do not indicate whether the work was actually performed by forces of the Omaha or by others.

Minnesota & Wisconsin Railroad Company

This company was incorporated November 27, 1896, in the State of Wisconsin. The accounting records of this company are incomplete. They were discontinued in April, 1901. Therefore, only partial information can be given from its accounts regarding financial transactions and investments. No information of value can be given regarding its corporate operations. However, certain additional data were obtained from the accounting records of the Omaha and other documents on file.

The company was controlled on June 7, 1902, the date of sale, by the Omaha, through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The property of the company was operated by its own organization from December 1, 1896, the date acquired, to April, 1901, and from the latter date to the date of sale it was operated by the Omaha as part of its own system.

The property owned by this company on date of sale consisted of 36.37 miles of single-track, standard-gauge, steam railroad, extending from Emerald to Weston, Wis., of which it had acquired 20.08 miles from the Minnesota & Wisconsin Railway Company and 16.29 miles by construction in 1902. The records reviewed indicate that the construction work was performed in part by forces of the Omaha and in part by contractors, none of whom appear to have been affiliated with the company. Further details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Omaha.

Minnesota & Wisconsin Railway Company

This company was incorporated April 25, 1892, in the State of Wisconsin. No accounting records of this company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data given below were obtained from the records of the Omaha. The records reviewed do not indicate whether the company was controlled by any individual or corporation on July 15, 1896, the date of foreclosure sale, nor, on the other hand, whether it then controlled any common-carrier corporation. The property of the company was operated by its own organization from date of its completion to December 11, 1893. From that date to December 1, 1896, the date it was conveyed to the Minnesota & Wisconsin Railroad Company, it was operated by a receiver.

The property owned by this company on date of foreclosure sale consisted of 20.08 miles of single-track, standard-gauge, steam railroad, extending from Emerald to Spring Valley, Wis., of which it had acquired 8 miles by purchase from the Woodville and Southern Railway Company and 12.08 miles by construction in 1892. It could not be determined by whom the construction work was performed.

Woodville and Southern Railway Company

This company was incorporated October 11, 1889, in the State of Wisconsin. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain data given below were obtained from other sources.

The records reviewed do not indicate whether the company was controlled by any individual or corporation on July 11, 1892, the date of sale, nor, on the other hand, whether it then controlled any common-carrier corporation. This company owned on the date of sale 8 miles of single-track, standard-gauge, steam railroad, extending from Woodville to a point about 3 miles south of Wildwood, Wis., which had been acquired by construction during the period from 1889 to 1891. The records reviewed do not indicate by whom the construction work was performed. The outlay for construction can not be stated.

Chippewa Valley & North Western Railway Company

This company was incorporated April 29, 1901, in the State of Wisconsin. No accounting records of the company were obtained. Therefore, no information can be given from its accounts regarding financial dealings, corporate operations, or investments. However, certain information given below was obtained from the accounting records of the Omaha and documents on file. The company was controlled on October 14, 1904, by the Omaha, through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. This property was operated by the Omaha as a part of its own system from date of completion to date of sale.

The railroad owned by the company on date of sale consisted of 46 miles of single-track, standard-gauge, steam railroad, extending from Tuscobia to Winter, Wis., all of which had been acquired by construction in 1901, 1902, and 1904.

The records reviewed indicate that the construction work was performed in part by the Omaha and in part by contractors who were not affiliated with the company. Details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Omaha.

Eau Claire, Chippewa Falls & Northeastern Railway Company

This company was incorporated January 15, 1902, in the State of Wisconsin. No accounting records of this company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain information given below was obtained from accounting records of the Omaha and documents on file. The company was controlled on October 14, 1904, the date of sale, by the Omaha, through ownership of its capital stock. On the other hand, the records reviewed do not indicate that this company controlled any common-carrier corporation. The property was operated by the Omaha as a part of its own system from date of its completion to date of sale.

The railroad owned by the company on date of sale consisted of 49.28 miles of single-track, standard-gauge, steam railroad, extending from Chippewa Falls to Hughey, Wis., all of which had been acquired by construction in 1902 and 1903. The records reviewed indicate that the construction work was performed in part by the Omaha and in part by contractors who were not affiliated with the company. Details with respect to the construction of this property are given in the chapter on development of fixed physical property in the report on the Omaha.