Wikipedia:WikiProject Trains/ICC valuations/Pacific Coast Railway
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The railroad of the Pacific Coast Railway Company, hereinafter called the carrier, is a single-track narrow-gauge railroad, located in the western part of California. The main line extends in a southerly direction from Port San Luis to Los Olivos, a distance of 76.146 miles, with branch lines from Santa Maria to Guadalupe, Junction to Betteravia, and Santa Maria to Palmer, aggregating 27.106 miles, making a total main-line mileage of 103.252 miles. The carrier also owns and uses 14.743 miles of yard tracks and sidings. Its road thus embraces 117.995 miles of all tracks. The entire road is operated by steam with the exception of the branch from Santa Maria to Guadalupe and Betteravia which is electrically operated.
- CORPORATE HISTORY
The carrier was incorporated September 21, 1882, for a period of 50 years under the general laws of California through filing with the secretary of State of California an agreement dated September 18, 1882, for the consolidation of the properties, [...]
| No. | Name | Incorporation | Succession |
|---|---|---|---|
| 1. | Pacific Coast Railway Company. | General laws of California, Sept. 21, 1882. | |
| 2. | San Luis Obispo and Santa Maria Valley Railroad Company. | General laws of California, Apr. 16, 1875. | Consolidated with 4 to form 1 on Sept. 21, 1882. |
| 3. | The San Luis Obispo Railroad Company. | General laws of California, Apr. 19, 1873. | Sold to 2 June 1, 1875. |
| 4. | Pacific Coast Railroad Company. | Laws of California, Apr. 18, 1882. | Consolidated with 2 to form 1 on Sept. 21, 1882. |
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The road owned or operated by the carrier on date of valuation has been acquired by it as indicated below:
- By consolidation of San Luis Obispo and Santa Maria Valley Railroad Company, Port San Luis to mouth of Nipomo Canon Sept. 21, 1882 36.00
- Pacific Coast Railroad Company:
- Mouth of Nipomo Canon to Santa Maria Sept. 21, 1882 6.00
- Part of uncompleted road from Santa Maria to Los Alamos (21.9 miles) Sept. 21, 1882 12.28
- Total 54.28
- By construction:
- Completed line of road, Santa Maria to Los Alamos (21.9 miles) Oct. 11, 1882 9.62
- Los Alamos to Los Olivos Nov. 17, 1887 12.09
- Line to Southern Pacific depot to San Luis Obispo 1896 .65
- Suey Junction to Suey 1906 4.10
- Santa Maria to Betteravia Junction 1907 3.40
- Betteravia Junction to Guadalupe 1908 5.03
- Betteravia Junction to Betteravia 1910 2.89
- Suey to Sisquoc 1913 7.10
- Sisquoc to Palmer 1913 3.89
- Total road mileage owned and operated on date of valuation 48.17
- 103.06
The carrier abandoned in February, 1913, 3.72 miles of spur track between Union and Betteravia, known as the "Old Betteravia steam line." The records reviewed do not indicate the manner of acquisition of this line. So far as ascertainable from the records, the construction work done for the carrier was performed by its own forces. However, a contract dated October 2, 1882, was drawn with the Oregon Improvement Company under which that company agreed to do certain construction and other things for the carrier in consideration of the issue by the latter to the Oregon Improvement Company of certain securities, as more fully detailed in the section in this report devoted to history of financing. The records reviewed do not disclose that the Oregon Improvement Company performed any construction work for the carrier under the contract dated October 2, 1882, or the one made August 1, 1887.
- HISTORY OF CORPORATE FINANCING