Wikipedia:WikiProject Trains/ICC valuations/Crystal River and San Juan Railroad

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The railroad operated by The Crystal River and San Juan Railroad Company, hereinafter called the carrier, is a single-track, standard-gage, steam railroad, located in western Colorado, and extends in a southerly direction from Carbondale to Marble, a distance of 28.006 miles. The owned railroad consists of that part of the line, referred to above, extending from Placita to Marble, comprising 7.331 miles of road. The remainder of the line extending from Carbondale to Placita, comprising 20.675 miles of road, is owned by The Crystal River Railroad Company, hereinafter called the Crystal River Railroad, whose entire property is leased to and operated by the carrier. The carrier owns and uses 7.811 miles of all tracks and uses but does not own 21.828 miles of all tracks. These tracks, consisting of first main track and yard tracks and sidings, are classified in appendix 1. The carrier is an industrial railroad. It is controlled by the Colorado Consolidated Yule Marble Company, owners of a large marble quarry served by this road. The Crystal River Railroad is controlled by The Colorado Fuel and Iron Company.

The property of the carrier has been operated by its own organization since April 5, 1922. No information has been obtained regarding operation prior to that date.

CORPORATE HISTORY

The carrier was incorporated October 24, 1906, under the general laws of Colorado, for the purpose of constructing and operating a railroad from a point in or near Placita, to a plant in or near Marble, Colo. Date of its organization was October 20, 1906.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The road owned by the carrier, extending from Placita to Marble, Colo., a distance of 7.331 miles, was constructed for it in 1906 by The Colorado Yule Marble Company, a predecessor of the Colorado Consolidated Yule Marble Company, on right of way owned in part by The Crystal River Railroad Company.

HISTORY OF CORPORATE FINANCING

The property was operated by its own organization from July 1, 1899, to December 1, 1919. It was not operated from the latter date until April 5, 1922, and since that date it has been operated under lease by the carrier.

CORPORATE HISTORY

The Crystal River Railroad was incorporated September 6, 1898, under the general laws of Colorado, for the purpose of constructing, purchasing, and operating a railroad from Glenwood Springs via the valleys of Roaring Fork and Crystal River to or near Elko, all in Colorado. The date of its organization was September 13, 1898.

The Crystal River Railroad acquired by purchase the property, rights, and franchises, on July 27, 1898, of The Elk Mountain Railway Company, which was incorporated December 5, 1887, under the general laws of Colorado; and on September 13, 1898, those of The Crystal River Railway Company, which was incorporated August 11, 1892, under the general laws of Colorado. The Crystal River Railway Company acquired by purchase the property, rights, and franchises of three corporations on November 29, 1892, as follows: The Aspen and Western Railway Company, incorporated June 7, 1880, under the general laws of Colorado; The Crystal River Toll Road Company, incorporated July 10, 1886, under the general laws of Colorado; and The Colorado and Utah Railway Company, incorporated July 9, 1886, under the general laws of Colorado.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The 20.675 miles of road owned by the Crystal River Railroad was acquired in part by purchase, in part by reconstruction of purchased road, and in part by construction. On September 13, 1898, it acquired by purchase from The Crystal River Railway Company, the following: 4.000 miles of road, from Carbondale to a point 4 miles south, constructed by The Aspen and Western Railway Company, 1886 and 1887, as a narrow-gage road, reconstructed to standard-gage road by The Crystal River Railway Company, 1893; 9.000 miles of road, from 4 miles south of Carbondale to Avalanche, constructed by The Crystal River Railway Company, 1892-93; and 11.380 miles of road from Redstone to Coal Basin, constructed partly by The Crystal River Railway Company, 1893, completed by the Crystal River Railroad, 1900, a narrow-gage road which was retired in 1918. The Crystal River Railroad acquired 7.675 miles of road, Avalanche to Placita, by construction, 1899-1900.

In addition to the property described above, this company acquired by purchase July 27, 1898, the property of The Elk Mountain Railway Company consisting of about 31 miles of partially constructed roadway extending from Sands to Prospect, Colo. Of this, about 3 miles was used in construction of the road between Avalanche and Placita, 4.4 miles is leased to the carrier, and the remainder was sold to Garfield and Pitkin Counties for public highway purposes.

HISTORY OF CORPORATE FINANCING