Wikipedia:WikiProject Trains/ICC valuations/San Rafael and San Quentin Railroad
Interstate Commerce Commission, Valuation Reports, Volume 45
San Rafael and San Quentin Rail Road
[edit]Location and General Description of Property
[edit]The railroad of the San Rafael and San Quentin Rail Road Company, hereinafter called the San Rafael and San Quentin, which is leased to and operated by the Northwestern Pacific, is a single-track, standard-gage line, located entirely within the State of California and extending from a connection with the line of the Northwestern Pacific at Schuetzen, near San Rafael, to Point San Quentin, 2.102 miles.
The property of the San Rafael and San Quentin was operated by its own organization from March 1871 to March 1875. On March 12, 1875, the property was leased to the North Pacific Coast Railroad Company for sole operation for a period of 43 years. Upon the succession of the North Shore Railroad Company to the properties of the North Pacific Coast Railroad Company the lease was transferred to the former and during the period of operation by that company the mileage was decreased 0.22 of a mile by the abandonment of a portion of the line at San Quentin.
On January 8, 1907, the Northwestern Pacific succeeded to the lease through the consolidation of the North Shore Railroad Company and six others.
Introductory
[edit]The San Rafael and San Quentin is a California corporation, having its principal office at San Francisco, Calif.
The records reviewed do not indicate that the San Rafael and San Quentin is controlled by any individual or corporation nor, on the other hand, that it controls any other corporation.
In the articles of incorporation and consolidation of the Northwestern Pacific filed January 8, 1907, the mileage of the railroad constructed by the San Rafael and San Quentin is included in the mileage stated to be owned by the North Shore Railroad Company; and it is also included as owned mileage in the first mortgage of the Northwestern Pacific to The Farmers' Loan and Trust Company. A separate valuation of the property of the San Rafael and San Quentin has nevertheless been made.
The property of the San Rafael and San Quentin was operated by its own organization from March 1871 to March 1875. On March 12, 1875, the property was leased to the North Pacific Coast Railroad Company for sole operation for a period of 43 years. Upon the succession of the North Shore Railroad Company to the properties of the North Pacific Coast Railroad Company the lease was transferred to the former and during the period of operation by that company the mileage was decreased 0.22 of a mile by the abandonment of a portion of the line at San Quentin .
On January 8, 1907, the Northwestern Pacific succeeded to the lease through the consolidation of the North Shore Railroad Company and six others.
Corporate History
[edit]The San Rafael and San Quentin was incorporated February 25, 1869, under the general laws of California, for a period of 50 years. Its purpose and date of organization was not disclosed in the records reviewed.
Development of Fixed Physical Property
[edit]The owned mileage of the San Rafael and San Quentin, 2.102 miles, was all acquired by construction. In 1871 the company built a standard-gage line of railroad from Point San Quentin to San Rafael, 3.48 miles. During the lease of the property to the North Pacific Coast Railroad Company the gage was changed from standard to narrow. After the succession of the Northwestern Pacific to the lease the gage was changed back to standard. As hereinbefore stated, the mileage was reduced 0.22 of a mile through abandonment of a portion of the line. The reason for the difference between the remaining mileage reported as constructed and that inventoried by us has not been determined.
Leased Railway Property
[edit]The entire property of the San Rafael and San Quentin is exclusively operated on the date of valuation by the Northwestern Pacific under conditions fully described hereinbefore.