Wikipedia:WikiProject Trains/ICC valuations/Galveston, Houston and Henderson Railroad
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The railroad operated by the Galveston, Houston and Henderson Railroad Company, hereinafter called the carrier, consists principally of a single-track, steam railroad, located in southeastern Texas, extending from Houston to Galveston.
The wholly owned property consists of that portion of the main line projecting from Houston to the beginning of the joint causeway zone at Virginia Point and from the end of the joint causeway zone to Thirty-third Street on Galveston Island, aggregating 46.527 miles of road. The separated sections are connected by means of a concrete causeway with approaches about 2 miles in length across Galveston Bay which in part is jointly owned and used by the carrier, The Galveston, Harrisburg and San Antonio Railway Company, and the Gulf, Colorado and Santa Fe Railway Company. Located within the joint causeway zone are 2.539 undivided miles of road jointly owned with these same carriers.
This company grants to The Missouri, Kansas & Texas Railway Company of Texas and the International and Great Northern Railway Company the joint use of its tracks and facilities between Houston and Galveston, Tex. On the other hand, it uses under agreements, passenger and freight terminals of other carriers at Houston and Galvestion[sic].
The carrier wholly owns 125.800 miles of all tracks, all of which it uses. It also wholly uses but does not own 0.378 mile of all tracks owned by an industry, jointly owns and uses with other carriers 7.668 undivided miles of all tracks, and jointly uses but does not own an undivided interest in 0.110 mile of all tracks. These tracks, consisting of first and second main tracks and yard tracks and sidings, are classified in the trackage table in Appendix 1.
The property of the carrier was operated by its own organization from December 1, 1882, to March 6, 1883; from the latter date to December 22, 1895, it was operated by the International and Great Northern Railroad Company under an operating agreement. During the period from December 23, 1895, to December 31, 1917, it was operated by its own organization. On January 1, 1918, its common-carrier property was taken over for operation by the United States Railroad Administration, which still operates it on date of valuation.
As of date of valuation no separation has been made between the corporate accounts and those of the United States Railroad Administration.
- CORPORATE HISTORY
The carrier was organized December 1, 1882, by Russell Sage and Jay Gould and associates under the original charter granted to the Galveston, Houston and Henderson Railroad Company (of 1853), for the purpose of acquiring the property of the Galveston, Houston and Henderson Railroad Company (of 1871). [...]
| No. | Name | Incorporation | Succession |
|---|---|---|---|
| 1 | Galveston, Houston and Henderson Railroad Company. | Reorganization of 2, Dec. 1, 1882, under charter granted to 5. | |
| 2 | Galveston, Houston and Henderson Railroad Company (of 1871). | Reorganization of 4, Dec. 15, 1871, under charter granted to 5. | Sold under foreclosure Aug. 1, 1882, after property was surrendered to N. A. Cowdrey and John J. Donaldson, trustees of the mortgage, on Sept. 1, 1880, and by deed dated Nov. 8, 1882. conveyed to Russell Sage and Jay Gould, who, on Feb. l9, 1883, conveyed to 1. |
| 3 | Galveston and Houston Junction Railroad Company. | Under special act of Texas, Apr. 8, 1861. | Conveyed Dec. 18, 1871, to 2. |
| 4 | Galveston, Houston and Henderson Railroad Company (of 1860). | Reorganization of 5, Mar. 6, 1860, under charter granted to 5. | Sold under foreclosure, Dec. 15, 1871, to F. P. James and associates, and reorganized as 2. |
| 5 | Galveston, Houston and Henderson Railroad Company (of 1853). | Under special act of Texas, Feb. 7, 1853. | Sold under executions of judgment to B. F. Terry, Mar. 6, 1860, and reorganized as 4. |
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The road owned by the carrier, amounting to 46.527 miles was acquired by purchase. Of the four corporations that comprise the line of succession culminating in the carrier as at present constituted, for two corporations no record has been found that they constructed any road or other common-carrier property. Those corporations were:
- Galveston, Houston and Henderson Railroad Company (of 1871).
- Galveston, Houston and Henderson Railroad Company (of 1860).
For the property constructed by the remaining corporations, the years when the various portions of the line were constructed are indicated in the following table:
- Acquired by purchase from Galveston, Houston and Henderson Railroad Company (of 1871), Feb. 19, 1883:
- Constructed by the Galveston, Houston and Henderson Railroad Company (of 1853)—
- Virginia Point to Houston, Tex., 1853-1858 41.70
- End of bridge on Galveston Island to Galveston, Tex., 1858 4.30
- Constructed by the city of Galveston, Bridge, Virginia Point to Galveston Island, July, 1868 2.50
- Constructed by the Galveston and Houston Junction Railroad Company, within the city of Houston, Tex., 1862-1865 2.00
- Constructed by the Galveston, Houston and Henderson Railroad Company (of 1853)—
- Recorded mileage 50.50
- Less—
- Bridge, Virginia Point to Galveston Island, destroyed by hurricane, date not determined 2.50
- Mileage abandoned or reclassified, no details 1.40
- 3.90
- Total 46.60
- Difference between total recorded mileage and mileage inventoried as of date of valuation 0.073
- Mileage inventoried as of date of valuation 46.527
The jointly owned mileage, including 2.539 miles of first main track, was acquired by construction during 1908.
- HISTORY OF CORPORATE FINANCING