Wikipedia:WikiProject Trains/ICC valuations/Southern Railway

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These corporations, together with their predecessors, total in all 157 corporations, including 28 name changes, which comprise the line of succession culminating in the Southern as at present constituted.

No.	Name	Incorporation	Succession
1.	Southern Railway Company.	Under act of Virginia, Feb. 20, 1894, through articles of association, filed in Virginia on June 18, 1894.
2.	The Richmond and Danville Railroad Company.	Under act of Virginia, Mar. 9, 1847.	Sold at foreclosure, June 18, 1894, after receivership begun June 14, 1892, and conveyed to (1) by deeds dated Jan. 9, 1896, and Aug. 30, 1897.
3.	Atlantic, Tennessee and Ohio Railroad Company in North Carolina.	See 4.	Sold to 1, June 26, 1894, but continued operations until July 1, 1894.
4.	Atlantic, Tennessee and Ohio Railroad Company.	Under act of Tennessee, Feb. 26, 1852, and act of North Carolina, Feb. 15, 1855.	Name changed to 3, Feb. 23, 1861.
5.	The Richmond, York River and Chesapeake Rail Road Company.	Under general laws of Virginia, July 4, 1873.	Sold to 1, June 28, 1894.
6.	The Richmond and York River Railroad Company.	Under special act of Virginia, Jan. 31, 1853.	Sold at foreclosure, May 2, 1873, and conveyed to 5, July 4, 1873.
7.	Washington, Ohio and Western Railroad Company.	Under Virginia Code of 1873, on May 23, 1883.	Sold to 1, June 28, 1894, but continued operations until July 1, 1894.
8.	Washington and Western Railroad Company.	Under Virginia code of 1873, on May 25, 1882.	Sold at foreclosure, May 23, 1883, and conveyed to 7.
9.	The Washington and Ohio Railway[sic] Company.	See 11.	Sold at foreclosure, May 25, 1882, after receivership begun Feb. 9, 1878, and conveyed to 8.
10.	The Alexandria, Loudon[sic] and Hampshire Railroad Company.	do.	Name changed to 9, July 26, 1870.
11.	Alexandria and Harper's Ferry Railroad Company.	Under act of Virginia, Mar. 20, 1847.	Name changed to 10, Mar. 15, 1853.
12.	East Tennessee, Virginia and Georgia Railway Company.	Under general law of Tennessee passed Mar. 12, 1877, through certificate, dated June 30, 1886, filed July 1, 1886.	Sold to 12, Oct. 5, 1888. [sic] [actually sold to 1, July 14, 1894]
13.	The Tennessee Valley Railroad Company.	Under general law of Tennessee, passed Mar. 19, 1875, through articles of incorporation executed Oct. 4, 1887, filed Nov. 19, 1887.	Sold to 12, Oct. 5, 1888.
14.	Johnson City and Carolina Railway Company.	Under general law of Tennessee, passed Mar. 19, 1875, through articles of incorporation executed July 21, 1887, filed Aug. 28, 1887.	Sold to 12, Jan. 21, 1891.
15.	Knoxville and Augusta Railroad Company.	Under general law of Tennessee, passed Mar. 19, 1875, through articles of incorporation executed Nov. 14, 1878, filed Aug. 9, 1879.	Sold to 12, Feb. 19, 1890.
16.	Knoxville and Charleston Railroad Company.	Under act of Tennessee, Feb. 18, 1852.	Sold at foreclosure, to State of Tennessee, Apr. 2, 1873, resold, Apr. 10, 1875, to interests who conveyed property to 15, Nov. 14, 1878.
17.	Cincinnati, Selma & Mobile Railway Company.	See 18.	Sold to 12, Apr. 29, 1890.
18.	Selma and Greensboro Railroad Company.	Through articles of incorporation filed Dec. 2, 1878.	Name changed to 17, Dec. 17, 1881.
19.	The Selma, Marion and Memphis Railroad Company.	Through consolidation agreement executed Mar. 17, 1871, ratified by acts of Tennessee, Dec. 12, 1871, Mississippi, Mar. 6, 1873, and Alabama, Mar. 22, 1873.	Sold at foreclosure, Aug. 12, 1878, conveyed to 18, Dec. 24, 1878.
20.	The Selma, Marion and Memphis Railroad Company (of Alabama).	See 24.	Consolidated, Mar. 17, 1871, with 26, to form 19.
21.	Cahaba, Marion and Greensboro Railroad.	do.	Name changed to 20, Dec. 31, 1868.
22.	Marion and Cahaba Railroad Company.	do.	Name changed to 21, Feb. 2, 1860.
23.	The Marion Railroad Company.	do.	Name changed to 22, Feb. 6, 1858.
24.	The Marion and Alabama River Transportation Company.	Under act of Alabama, Feb. 9, 1850.	Name changed to 23, Feb. 2, 1854.
25.	The Northwestern Railroad Company of Alabama.	Under act of Alabama. Feb. 20, 1854.	Sold to 21, Dec. 31, 1868.
26.	Selma, Marion and Memphis [sic] Company (of Mississippi and Tennessee).	See 28.	Consolidated, Mar. 17, 1871, with 20, to form 19.
27.	Memphis, Holly Springs, Okolona and Selma Railroad Company.	do.	Name changed to 26, July 21, 1870.
28.	Memphis, Holly Springs and Mobile Railroad Company.	Under act of Mississippi, Nov. 23, 1859.	Name changed to 27, Feb. 20, 1867.
29.	Tennessee and Ohio Railroad Company.	Through articles of incorporation, dated Sept. 26, 1884, filed in Tennessee, Oct. 17, 1884.	Sold to 12, July 22, 1889.
30.	Rogersville and Jefferson Railroad Company.	Under special act of Tennessee, Feb. 27, 1852.	Sold to 12, at foreclosure, Nov. 18, 1873, after receivership begun in 1866.
31.	The Walden's Ridge Railroad Company.	Through articles of incorporation, filed in Tennessee, Mar. 8, 1877.	Sold to 12, Apr. 20, 1888.
32.	Oakdale and Cumberland Mountain Railroad Company.	Through articles of incorporation, filed in Tennessee, Nov. 10, 1879.	Sold to 31, Oct. 23, 1882.
33.	Rome and Decatur Railroad Company.	Through consolidation agreement executed June 25, 1884, ratified by Legislatures of Georgia, Dec. 24, 1886, and of Alabama, Dec. 11, 1887.	Sold at foreclosure, Dec. 18, 1889, after receivership begun in 1887 conveyed to 12 on May 5, 1890.
34.	Rome and Decatur Railroad Company (of Georgia).	Under act of Georgia, July 30, 1883.	Consolidated June 25, 1884, with 35 to form 33.
35.	Rome and Decatur Railroad Company (of Alabama).	Through articles of incorporation, filed in Alabama, Dec. 27, 1882, and certificate of incorporation, issued May 22, 1883.	Consolidated, June 25, 1884, with 34 to form 33.
36.	Brierfield, Blockton & Birmingham Railway Company.	Through certificate of organization filed in Alabama, July 2, 1889, and certificate of incorporation issued July 3, 1889.	Sold to 12, Sept. 9, 1889.
37.	East Tennessee, Virginia and Georgia Railroad Company.	Under act of Tennessee, Feb. 25, 1869, through consolidation agreement executed Nov. 26, 1869, ratified by legislature, Dec. 17, 1869.	Sold at foreclosure, May 25, 1886, after receivership begun Jan. 7, 1885, conveyed to 12, June 30, 1886.
38.	Cincinnati Cumberland Gap and Charleston Railroad Company.	Under act of Tennessee, Nov. 18, 1853.	Sold at foreclosure, Oct. 30, 1871, title vested in 37 by court decree on June 6, 1884.
39.	The Tennessee State Line Railroad Company.	Through articles of consolidation, dated Dec. 30, 1882, filed in Tennessee Jan. 15, 1883.	Sold to 37, Mar. 5, 1886.
40.	The Tennessee and Cohutta Railroad Company.	Through articles of incorporation, filed in Georgia, Jan. 24, 1882, and certificate of incorporation, issued May 18, 1882.	Consolidated, Dec. 30, 1882, with 41 to form 39.
41.	Ooltewah and Red Clay Railroad Company.	Through articles of incorporation dated Dec. 3, 1881, filed in Tennessee, Dec. 10, 1881.	Consolidated Dec. 30, 1882, with 40 to form 39.
42.	Georgia Southern Railroad Company.	Under act of Georgia, Mar. 2, 1875.	Sold to 37, Nov. 6, 1880.
43.	Selma, Rome and Dalton Railroad Company.	Through consolidation agreement, executed Aug. 8, 1866, ratified by legislature of Georgia, Dec. 13, 1866, and of Alabama Feb. 8, 1867.	Road in Georgia sold at foreclosure, Nov. 3, 1874, conveyed to 42, Mar. 29, 1876. Road in Alabama sold at foreclosure, June 14, 1880, conveyed to 37, Feb. 5, and Feb. 11, 1881.
44.	Alabama and Tennessee River Rail Road Company.	Under act of Alabama, Mar. 4, 1848.	Consolidated with 45 and 46 to form 43, Aug. 8, 1866.
45.	Georgia and Alabama Rail Road Company.	Under act of Georgia, Feb. 18, 1854.	Consolidated, Aug. 8, 1866, with 44 and 46 to form 43.
46.	Dalton and Jacksonville Railroad Company.	See 47.	Consolidated, Aug. 8, 1866, with 44 and 45 to form 43.
47.	Dalton and Gadsden Railroad Company.	Under act of Georgia, Feb. 18, 1854.	Name changed to 46, Dec. 19, 1859.
48.	The Cincinnati and Georgia Railroad Company.	Under act of Georgia, Sept. 2, 1881.	Sold to 37, Dec. 30, 1881.
49.	The Macon and Brunswick Railroad Company.	Under acts of Georgia, Sept. 3, and Oct. 14, 1879, through entry in minutes of executive department of the State, Feb. 28, 1880.	Sold to 48, Nov. 4, 1881.
50.	Macon and Brunswick Railroad Company.	Under act of Georgia, Mar. 1, 1856.	Sold at foreclosure, July 1, 1875, conveyed to 49, Feb. 28, 1880.
51.	The Alabama Central Railroad Company.	Under general law of Alabama, through certificate ol incorporation, dated June 21, and filed June 22, 1871.	Sold to 37, June 15, 1881.
52.	The Selma and Meridian Rail Road Company.	See 53.	Sold at foreclosure, May 1, 1871, after receivership begun Mar. 19, 1868, later conveyed to 51.
53.	The Alabama and Mississippi Rivers Rail Road Company.	Under special act of Alabama, Feb. 7, 1850.	Name changed to 52, Nov. 29, 1864.
54.	East Tennessee and Virginia Railroad Company.	Under special act of Tennessee, Jan. 27, 1848.	Consolidated, Nov. 26, 1869, with 55 to form 37.
55.	East Tennessee and Georgia Railroad Company.	See 56.	Consolidated, Nov. 26, 1869, with 54 to form 37.
56.	Hiwassee Rail Road Company.	Under act of Tennessee, Feb. 19, 1836.	Name changed to 55, Feb. 4, 1848.
57.	Chattanooga, Harrison, Georgetown and Charleston Rail Road Company.	See 58.	Merged into 56, Dec. 15, 1854.
58.	Chattanooga, Harrison and Cleveland Railroad Company.	Under act of Tennessee, Feb. 7, 1850.	Name changed to 57, Jan. 30, 1852.
59.	Charlotte, Columbia and Augusta Railroad.	Under act of Georgia, Feb. 20, 1869, act of South Carolina, Mar. 19, 1869, and act of North Carolina, Apr. 12, 1869, through consolidation agreement dated July 8, 1869.	Sold to Southern July 10, 1894.
60.	The Columbia and Augusta Railroad Company.	See 61.	Consolidated, July 8, 1869, with 62 to form 59.
61.	The Columbia and Hamburg Railroad Company.	Under act of Georgia, Mar. 21, 1864. [sic - originally in South Carolina, Dec. 21, 1858; then in Georgia Mar. 21, 1864]	Name changed to 60, Dec. 17, 1863.
62.	Charlotte and South Carolina Railroad Company.	Under act of South Carolina Dec. 18, 1846, and of North Carolina, Jan. 2, 1847.	Consolidated, July 8, 1869, with 60 to form 59.
63.	The Columbia and Greenville Railroad Company.	Under a general act of South Carolina, Oct. 23, 1880.	Sold at foreclosure, July 10, 1894, after receivership begun.[sic - sold to 1]
64.	The Greenville and Columbia Railroad Company.	Under act of South Carolina, Dec. 15, 1845.	Sold at foreclosure, April 15, 1880, after receivership begun, Jan. 17, 1872, conveyed to 63, Nov. 23, 1880.
65.	Georgia Pacific Railway Company.	In Georgia, Alabama, and Mississippi, through consolidation agreement, dated Nov. 10, 1881.	Sold at foreclosure, Aug. 18, 1894, after receivership begun Aug. 1, 1893, property in Georgia, and Alabama conveyed to 1, June 9, 1898, property in Mississippi reorganized as Southern Railway Company in Mississippi, Aug. 31, 1894.
66.	Georgia Pacific Rail Road Company (of Alabama).	Under general act of Alabama, Mar. 8, 1876.	Consolidated, Mar. 13, 1882, with 69 and 71 to form 65.
67.	Georgia Pacific Railroad Company (of Georgia).	Under general act of Georgia, Feb. 29, 1876, and special act Feb. 27, 1877, through certificate of organization dated June 1, 1881, filed June 6, 1881.	Merged with 66, Nov. 12, 1881.
68.	Georgia Western Rail Road Company.	Under act of Georgia, Feb. 18, 1854, and of Alabama, Feb. 8, 1860.	Sold at foreclosure, May 1, 1877, conveyed to 67, June 1, 1881.
69.	The Elyton and Aberdeen Railroad Company.	See 70.	Consolidated, Mar. 13, 1882, with 66 and 71 to form 65.
70.	Alabama Transit Company.	Under general act of Alabama, Apr. 24, 1869.	Name changed to 69, Mar. 3, 1870.
71.	Columbus, Fayette and Decatur Railroad Company.	Under general act of Alabama, through declaration of intention to organize filed Feb. 16, 1871.	Consolidated, Nov. 10, 1881, with 66 and 69, to form 65, Mar. 13, 1882.
72.	The Greenville, Columbus and Birmingham Railroad Company.	See 73.	Sold to 71, Oct. 11, 1881.
73.	Arkansas City and Grenada Railroad Company.	Under act of Mississippi, Mar. 6, 1872.	Name changed to 72, Mar. 4, 1873.
74.	Greenville, Deer Creek and Rolling Fork Railroad Company.	Under act of Mississippi, July 21, 1870.	Sold to 72, Sept. 13, 1880.
75.	North Western North Carolina Rail Road Company.	Under ordinance of North Carolina, convention, Mar. 9, 1868, ratified by act of legislature, Aug. 11, 1868.	Sold at foreclosure, Aug. 21, 1894 conveyed to 1, Aug. 22, 1894.
76.	Clarksville and North Carolina Railroad Company.	Under act of Virginia, Apr. 6, 1887.	Sold at foreclosure, conveyed to 1, by deeds dated Aug. 22, 1894, and Jan. 9, 1896.
77.	Oxford and Clarksville Railroad Company.	Under act of North Carolina, Feb. 23, 1885.	Sold to 1, at foreclosure, Aug. 22, 1894.
78.	Western North Carolina Railroad Company (No. 3).	Under act of North Carolina, May 27, 1880.	Sold at foreclosure, Aug. 21, 1894, conveyed to 1, Aug. 22. 1894, but possession retained into Aug. 31, 1894.
79.	Western North Carolina Railroad Company (No. 2).	Under act of North Carolina, Mar. 3, 1873.	Sold at foreclosure, Apr. 27, 1880, conveyed to 78, May 27, 1880.
80.	Western North Carolina Railroad [sic] Company—Western Division.	Under act of North Carolina, Aug. 19, 1868.	Sold in settlement of Judgment July 8, 1872; after several changes in title acquired by State of North Carolina, Apr. 17, 1875; consolidated with 81 to form 79.
81.	Western North Carolina Rail Road Company—Eastern Division.	Under act of North Carolina, Aug. 19, 1868.	Sold at foreclosure, June 22, 1875 conveyed to State of North Carolina, Aug. 3, 1875; consolidated with 80 to form 79.
82.	Western North-Carolina Railroad Company.	Under act of North Carolina, Feb. 15, 1855.	Charter amended by act of North Carolina, Aug. 19, 1868, dividing property between 80 and 81.
83.	Oxford and Henderson Railroad Company.	Under act of North Carolina, Mar. 25, 1871.	Sold to 1, Sept. 4, 1894.
84.	Statesville and Western Railroad Company.	Under act of North Carolina, Mar. 2, 1887.	Sold to 1, Sept. 8, 1894.
85.	Piedmont Railroad Company.	Under act of North Carolina, Feb. 8, 1862.	Sold to 1. [when?]
86.	Atlanta and Florida Railway Company.	Under general laws of Georgia, through petition for incorporation filed June 8, 1893.	Sold at foreclosure, June 4, 1895, conveyed to (1) June 21, 1895.
87.	Atlanta and Florida Railroad Company.	See 88.	Sold at foreclosure, May 2, 1893, and conveyed to 86, June 8, 1873[sic].
88.	Atlanta & Hawkinsville Railroad Company.	Under general laws of Georgia, through petition for incorporation filed July 9, 1886.	Name changed to 87, Oct. 24, 1887.
89.	Memphis and Charleston Rail Road Company.	Under act of Tennessee, Feb. 2, 1846, of Alabama, Jan. 7, 1850, and of Mississippi, during 1850.	Sold at foreclosure Feb. 26, 1898. [and?]
90.	Florence Bridge Company.	Under act of Alabama, Jan. 12, 1832.	Sold to 89 in 1850.
91.	Tuscumbia Railway Company.	Under act of Alabama, Jan. 15, 1830.	Sold to 89, in 1850.
92.	La Grange and Memphis Rail Road Company.	Under act of Tennessee, Dec. 14, 1835.	Sold to 89, June 28, 1852.
93.	Tennessee Valley Rail Road Company.	Under act of Alabama, Feb. 10, 1848.	Sold to 89, in 1851.
94.	Tuscumbia, Courtland and Decatur Railroad Company.	Under act of Alabama, Jan. 13, 1832.	Sold at foreclosure, Sept. 22, 1847, after receivership begun in 1840, to organizers of 93.
95.	The Virginia Midland Railway Company.	Under act of Virginia, approved Mar. 8, 1880, corporation perfected on Jan. 1, 1881.	Sold to 1, June 21, 1898.
96.	Washington City, Virginia Midland and Great Southern Railway Company.	See 97.	Sold at foreclosure, Dec. 20, 1880, after receivership begun July 13, 1876, conveyed to 95, Jan. 1, 1881.
97.	The Virginia and North Carolina Railroad Company.	Under act of Virginia, Jan. 14, 1871, on Oct. 15, 1872.	Name changed to 96, Feb. 4, 1873.
98.	The Lynchburg and Danville Railroad Company.	Under special act of Virginia, Feb. 21, 1866.	Consolidated, Oct. 15, 1872, with 99 to form 97.
99.	The Orange, Alexandria and Manassas Railroad Company.	In Virginia through consolidation of 100 and 101, on Apr. 25, 1867.	Consolidation, Oct. 15, 1872, with 98 to form 97.
100.	The Orange and Alexandria Railroad Company.	Under special act of Virginia, Mar. 27, 1848.	Consolidation, Apr. 25, 1867, with 101 to form 99.
101.	Manassas Gap Railroad Company.	Under special act of Virginia, Mar. 9, 1850.	Consolidated, Apr. 25, 1867, with 100 to form 99.
102.	Knoxville, Cumberland Gap and Louisville Railway Company.	Under general laws of Tennessee, Mar. 23, 1875, on Dec. 11, 1895.	Sold to 1, June 29, 1898.
103.	Knoxville, Cumberland Gap and Louisville Railroad Company.	See 105.	Sold at foreclosure, Sept. 3, 1895, and conveyed to 102, Dec. 17, 1895.
104.	Powells Valley Railroad Company.	do.	Name changed to 103, May 16, 1888.
105.	Powells Valley Railway Company.	Under general law of Tennessee, Mar. 23, 1875, on July 17, 1886.	Name changed to 104, July 19, 1887.
106.	The Knoxville Belt Rail Road Company.	Under general law of Tennessee, through articles of incorporation dated Feb. 28, 1887, filed Mar. 10, 1887.	Sold to 1, Aug. 20, 1898.
107.	Carolina and Cumberland Gap Railway.	Under general law of South Carolina, Feb. 9, 1882, on Nov. 30, 1896.	Sold to 1, Aug. 31, 1898.
108.	Carolina, Cumberland Gap and Chicago Railway Company.	Under act of South Carolina, Jan. 31, 1882, through consolidation agreement executed Oct. 2, 1882.	Sold at foreclosure, Oct. 29, 1895; conveyed to 107, Nov. 30, 1896.
109.	Atlantic and French Broad Valley Railroad Company (of North Carolina).	Under special act of North Carolina, Mar. 9, 1881.	Consolidated, Oct. 2, 1882, with 110, 111, 112, and 113, to form 108.
110.	Morristown, Cumberland Gap and Ohio Railroad Company.	Under a general law of Tennessee, Mar. 23, 1875, on June 19, 1880.	Consolidated, Oct. 2, 1882, with 109, 111, 112, and 113, to form 108.
111.	Morristown and Carolina Railroad Company.	Under a general law of Tennessee, Mar. 23, 1875, on Dec. 20, 1881.	Consolidated, Oct. 2, 1882, with 109, 110, 112, and 113, to form 108.
112.	Cumberland Railway Company.	Under special act of Kentucky, Feb. 24, 1882.	Consolidation, Oct. 2, 1882, with 109, 110, 111, and 113, to form 108.
113.	The French Broad and Atlantic Railway Company.	Under special act of South Carolina, Jan. 31, 1882.	Consolidated, Oct. 2, 1882, with 109, 110, 111, and 112, to form 108.
114.	Atlantic and French Broad Valley Railroad Company (of South Carolina).	See 115.	Merged into 113, August, 1882.
115.	Belton, Williamston and Easley Railroad Company.	Under special act of South Carolina, Mar. 18, 1878.	Name changed to 114, Dec. 23, 1879.
116.	Edgefield, Trenton and Aiken Railroad Company.	See 117.	Merged with 113, August, 1882.
117.	Edgefield Branch Railroad Company.	Under special act of South Carolina, Mar. 12, 1878.	Name changed to 116, Dec. 23, 1879.
118.	North Eastern Rail Road Company.	Under special act of Georgia, Jan. 24, 1854.	Acquired by State of Georgia. May 3, 1895; conveyed to 1, Oct. 31, 1899.
119.	Southern Railway Company of Illinois.	Under general law of Illinois, Mar. 1, 1872, through articles of incorporation dated Nov. 27, 1900, filed Dec. 10, 1900.	Sold to 1, Dec. 24, 1900.
120.	Louisville, Evansville & St. Louis Consolidated Railroad Company.	Under general laws of Indiana and Illinois, through consolidation agreement filed in Illinois, May 21, 1889.	Sold at foreclosure, Nov. 22, 1900, property in Illinois conveyed to 119, Dec. 6, 1900, and property in Indiana to Southern Railway Company of Indiana, Dec. 24, 1900.
121.	The Louisville and St. Louis Railway Company.	Under general laws of Illinois, Sept. 30, 1886.	Sold at foreclosure, Dec. 14, 1897, conveyed to 120, Aug. 13, 1898.
122.	The Belleville, Centralia & Eastern Railroad Company.	Under general laws of Illinois through articles of association, dated Mar. 4, 1889, filed Mar. 9, 1889.	Consolidated May 21, 1889, with 123, 124, 125, and 129 to form 120.
123.	Huntingburg, Tell City & Cannelton Railroad Company.	Under general laws of Indiana, through articles of association dated Nov. 14, 1885, filed Nov. 16, 1885.	Consolidated May 21, 1889, with 122, 124, 125, and 129 to form 120.
124.	The Venice and Carondelet Railway Company.	Under general laws of Illinois through articles of incorporation, dated Feb. 12, 1880, filed Feb. 18, 1880.	Consolidated May 21, 1889, with 122, 123, 125, and 129 to form 120.
125.	Illinois and St. Louis Railroad and Coal Company.	See 126.	Consolidated May 21, 1889, with 122, 123, 124, and 129 to form 120.
126.	The Pittsburgh Railroad and Coal Company.	Under act of Illinois, Feb. 19, 1859.	Name changed to 125, Feb. 16, 1865.
127.	The St. Clair Railroad and Coal Company.	See 128.	Sold at foreclosure, Sept. 3, 1857; conveyed to 126, May 15, 1863.
128.	St. Clair Railroad Company.	Under special act of Illinois, Feb. 26, 1841.	Name changed to 127, Feb. 11, 1853.
129.	The Louisville, Evansville and St. Louis Railroad Company.	Under general laws of Indiana and Illinois, through consolidation agreement dated Oct. 4, 1886.	Consolidated May 21, 1889, with 122, 123, 124, and 125 to form 120.
130.	Louisville, Evansville and St. Louis Railroad Company of Indiana.	Under general laws of Indiana, on July 22, 1886.	Consolidated, Oct. 4, 1886, with 131 to form 129.
131.	Louisville, Evansville and St. Louis Railroad Company of Illinois.	Under general laws of Illinois, on July 15, 1886.	Consolidated Oct. 4, 1886, with 130 to form 129.
132.	Louisville, Evansville and St. Louis Railway Company.	See 133.	Sold at foreclosure, June 9, 1886, property in Indiana conveyed to 130 and in Illinois to 131, July 27, 1886.
133.	Louisville, New Albany and St. Louis Railway Company.	Under general laws of Indiana and Illinois, through consolidation agreement, dated Aug. 30, 1878, and in Indiana, June 12, 1879.	Name changed to 132 Feb. 12, 1882.
134.	Louisville, New Albany and St. Louis Railway Company (of Indiana).	Under general laws of Indiana, on Feb. 14, 1877.	Consolidated, Aug. 30, 1878, with 135 to form 133.
135.	St. Louis and Mt. Carmel Railway Company.	Under general laws of Illinois, on Jan. 3, 1878.	Consolidated with 134 to form 133.
136.	The Louisville, New Albany and St. Louis Air Line Railway Company.	Under general laws of Indiana and Illinois, through consolidation agreement filed in Indiana, May 22, 1872, and in Illinois June 25, 1872.	Sold at foreclosure, Feb. 14, 1877; property in Indiana conveyed to 134 and in Illinois to 135, Jan. 3, 1878.
137.	The St. Louis, Mt. Carmel and New Albany Railroad Company.	Under special act of Illinois, Apr. 1, 1869.	Consolidated, May 4, 1872, with 138 to form 136.
138.	Louisville, New Albany and St. Louis Air Line Railway Company (of Indiana).	See 139.	Consolidated, May 4, 1872, with 137 to form 136.
139.	The New Albany and Saint Louis Air Line Railway Company.	Under general laws of Indiana on Feb. 26, 1869.	Name changed to 138, July 1, 1870.
140.	Evansville, Rockport and Eastern Railway Company.	In Indiana, through consolidation agreement dated Dec. 30, 1880.	Merged into 133, Oct. 25, 1881.
141.	Evansville Local Trade Railroad Company.	Under general laws of Indiana on Apr. 28, 1879.	Consolidated, Dec. 30, 1880, with 144 to form 140.
142.	Lake Erie, Evansville and South Western Railway (reorganized).	Under general laws of Indiana on Mar. 1, 1880.	Sold to 141, Nov. 15, 1880.
143.	Lake Erie, Evansville and Southwestern Railway Company.	Under general laws of Indiana on Apr. 22, 1871.	Sold at foreclosure, Oct. 31, 1877; conveyed to 141, Dec. 14, 1880.
144.	The Cincinnati, Rockport and Southwestern Railway Company.	Under general laws of Indiana, through consolidation agreement dated Oct. 13, 1872, filed Jan. 22, 1873.	Consolidated, Dec. 30, 1880, with 141 to form 140.
145.	Cincinnati and Southwestern Railway Company.	Under general laws of Indiana, on May 20, 1871.	Consolidated, Oct. 13, 1872, with 146 to form 144.
146.	Rockport and Northern Central Railway.	Under general laws of Indiana on Aug. 23, 1869.	Consolidated, Oct. 13, 1872, with 145 to form 144.
147.	Nashville and Mississippi Delta Railroad Company.	Under act of Mississippi, Feb. 22, 1890.	Sold to 1, Dec. 4, 1902.
148.	Villa Rica Branch Railway Company.	Under general laws of Georgia, through certificate of incorporation, dated Oct. 18, 1901.	Sold to 1, Dec. 30, 1902.
149.	Knoxville and Ohio Railroad Company.	Under general laws of Tennessee on Dec. 15, 1871.	Sold to 1, Dec. 31, 1903.
150.	The Coal Creek and New River Railroad Company.	Under general laws of Tennessee on June 18, 1877.	Sold to 149, Dec. 31, 1889.
151.	Knoxville and Kentucky Railroad Company.	See 152.	Sold at foreclosure, Oct. 30, 1871; subsequently conveyed to 149.
152.	Lexington and Knoxville Railroad Company.	Under act of Tennessee, Feb. 18, 1852.	Name changed to 151, Dec. 22, 1853.
153.	Tennessee Northern Railway Company.	Under general laws of Tennessee Dec. 17, 1896.	Sold to 149, Oct. 8, 1903.
154.	Knoxville & Bristol Railway Company.	Under general laws of Tennessee on Mar. 9, 1898.	Sold to 1, Dec. 31, 1903.
155.	Morristown and Cumberland Railroad Company.	In Tennessee in 1890.	Sold under foreclosure, Feb. 19, 1898; conveyed to 154, Mar. 31, 1898.
156.	Gadsden and Attala [sic] Railroad Company.	Under general laws of Alabama on Mar. 8, 1876.	Sold to 1, July 1, 1904.
157.	East Saint Louis, Madison and Granite City Railroad Company.	Under general laws of Illinois on Aug. 14, 1900.	Sold to 1, Dec. 14, 1904.
158.	The Charlottesville and Rapidan Railroad Company.	Under act of Virginia, Feb. 12, 1876.	Sold to 1, June 13, 1914.

the same order of corporations is maintained.

Acquired through the Richmond Terminal reorganization committee, a total of 2,830.79 miles so acquired:

From the Richmond and Danville Railroad Company, June 18, 1884, constructed by that company from 1847 to 1856—

Richmond to Danville, Va. 140.00

Manchester to Rocketts, Va. 1.00

Belle Isle Junction, to Belle Isle .70

Granite to Granite Quarry 3.00

144.70

From the Atlantic, Tennessee and Ohio Railroad Company in North Carolina, June 26, 1894, constructed by that company, 1860, Charlotte to Statesville 45.29

From The Richmond, York River and Chesapeake Rail Road Company, June 28, 1894, constructed by The Richmond and York River Railroad Company, 1861, Richmond to West Point 39.00

From the Washington, Ohio and Western Railroad Company, June 28, 1894, constructed by the Washington-Ohio—

1858, Alexandria to Leesburg, Va. 37.20

1874, Leesburg to Round Hill, Va. 13.32

50.52

From the East Tennessee, Virginia and Georgia Railway Company, July 7, 1894—

Constructed by that company—

1888, Oliver Springs to Clinton, Tenn. 14.90

1890, Wilton to Blocton, Ala. 30.70

1891, Gumee Junction to Mobile Junction, Ala. 17.60

1891, Embreeville Junction to Embreeville, Tenn. 15.50

Constructed by the East Tennessee and Georgia Railroad Company—

1852, Dalton, Ga., to Loudon, Tenn. 81.23

1855, Loudon to Knoxville, Tenn. 28.70

1859, Chattanooga to Cleveland, Tenn. 29.12

Constructed by the East Tennessee and Virginia Railroad Company, 1850-1856, Knoxville to Bristol, Tenn. 130.70

Constructed by the Selma, Rome and Dalton Railroad Company, 1870, Blue Mountain, Ala., to Dalton, Ga. 100.30

Constructed by the Alabama and Tennessee River Rail Road Company, 1862, Selma to Blue Mountain, Ala. 135.00

Constructed by The Alabama Central Railroad Company, 1878, York, Ala., to Lauderdale, Miss. 13.77

Constructed by The Selma and Meridian Rail Road Company, 1852-1864, Selma to York, Ala. 77.30

Constructed by the Macon and Brunswick Railroad Company—

1866, Macon to Hawkinsville, Ga. 49.28

1871, Cochran to Brunswick, Ga. 148.30

1871, Docks Junction to Turtle River Docks, Ga. 1.80

Constructed by the Cincinnati, Cumberland Gap and Charleston Railroad Company, 1869, Morristown to Wolf Creek, Tenn. 38.80

Constructed by The Tennessee State Line Railroad Company, 1883, Ooltewah, Tenn., to Cohutta, Ga. 11.50

Constructed by the East Tennessee, Virginia and Georgia Railroad Company, 1881, Wolf Creek, Tenn., to Paint Rock, N. C. 5.60

Partly constructed by The Cincinnati and Georgia Railroad Company and completed by the East Tennessee, Virginia and Georgia Railroad Company, 1882, Macon to Atlanta Junction, Ga. 140.50

Constructed by The Walden's Ridge Railroad Company, subsequent to 1882, Harriman Junction to Oliver Springs, Tenn. 15.54

(10 miles of railroad extending from Oakdale Junction to De Armond, Tenn., constructed by the Oakdale and Cumberland Mountain Railroad Company were abandoned by The Walden's Ridge Railroad Company.)

Constructed by The Tennessee Valley Railroad Company, 1888, K. & O. connection to near Panola, Tenn. 3.70

Constructed by the Rogersville and Jefferson Railroad Company—

1860, Bulls Gap to Holston River 12.10

1867, Holston River to Rogersville, Tenn. 2.00

Constructed by the Knoxville and Charleston Railroad Company, 1867, Knoxville to Maryville, Tenn. 16.00

Constructed by The Selma, Marion and Memphis Railroad Company (of Alabama), 1856, Marion to Marion Junction, Ala. 13.00

(11 miles of road, extending from Uniontown to Newberne, Ala., constructed by the Northwestern Rail Road Company of Alabama were abandoned by The Selma, Marion and Memphis Railroad Company (of Alabama).)

Constructed by The Selma, Marion and Memphis Railroad Company—

1872, Marion to Greensboro 22.00

1875, Greensboro to Sawyersville 8.00

Constructed by the Cincinnati, Selma & Mobile Railway Company, 1882, Sawyersville to Akron, Ala. 10.00

Constructed by the Rome and Decatur Railroad Company—

1887, North Rome, Ga., to Cedar Bluffs, Ala. 25.00

1887, Attalla to Turkeytown, Ala. 16.00

1888, Cedar Bluffs to Turkeytown, Ala. 20.30

1,234.24

From the Charlotte, Columbia and Augusta Railroad Company—

Constructed by that company, 1870, Hamburg, S. C., to Augusta, Ga. 1.29

Constructed by The Columbia and Augusta Railroad Company—

1867, Columbia, S. C., to a point south 26.00

1868, Extension to Graniteville 43.69

1869, Graniteville to Hamburg, S. C. 11.20

Constructed by the Charlotte and South Carolina Railroad Company, 1852, Columbia to Charlotte 108.82

191.00

Less remeasurement adjustment made by the Charlotte, Columbia and Augusta Railroad Company .51

190.49

From the Greenville and Columbia Railroad Company, constructed by that company:

1853, Greenville to Columbia, S. C. 143.52

1853, Hodges to Abbeville, S. C. 11.58

1853, Belton to Anderson 9.98

165.08

From the Georgia Pacific Railway Company, Sept. 1, 1894—

Constructed by that company—

1883, Atlanta, Ga., to Birmingham, Ala. 166.80

1887, Columbus, Miss., to Birmingham, Ala. 122.80

1889, Columbus to Indianola, Miss. 142.30

1883, Howell to Armour, Ga. 3.30

1883, North Birmingham to Coolburg, Ala. 6.40

1883, Patton to Patton Junction, Ala. 1.10

1887, Woodlawn to Bessemer, Ala. 20.50

1887, Henry Ellen Mines, Ala 2.90

1889, M. & O. Station, Columbus, Miss. 1.97

1889, Cardiff to Brazil Mines, Ala. 1.60

1889, Jefferson to Blossburg, Ala. 1.91

1891, Itta Bena to Webb, Miss. 34.60

Constructed by The Greenville, Columbus and Birmingham Railroad Company, 1877-1881, Stoneville to Indianola, Miss. 48.60

554.78

Less mileage in Mississippi reorganized as the Southern Railway Company in Mississippi 238.87

315.91

From the North Western North Carolina Railroad Company, Aug. 21, 1894—

Constructed by that company—

1873, Pomona to Winston-Salem, N. C. 25.70

1890, Winston-Salem to Wilkesboro, N. C. 74.45

100.15

From the Clarksville and North Carolina Railroad Company, Aug. 22, 1894, constructed by that company; Clarksville, Va., to the Virginia-North Carolina State line 7.10

From the Oxford and Clarksville Railroad Company, Aug. 22, 1894, constructed by that company, East Durham to the Virginia-North Carolina State line 48.00

From the Western North Carolina Railroad Company (No. 3) Aug. 31, 1894—

Constructed by that company—

1882, Azalea to Paint Rock, N. C. 49.60

1882-1890, Asheville to Murphy, N. C. 122.60

Constructed by the Western North Carolina Railroad Company (No. 2), 1879, Old Fort to Azalea, N. C. 23.20

Constructed by the Western North Carolina Rail Road Company — Eastern Division, 1869, near Morganton to Old Fort, N. C. 35.10

Constructed by the Western-Carolina [sic] Railroad Company, 1858-1863, Salisbury to a point near Morganton, N. C. 76.00

306.60

From the Oxford and Henderson Railroad Company, Sept. 4, 1894, constructed by that company, 1881, Oxford to Henderson, N. C. 12.75

From the Statesville and Western Railroad Company Sept. 8, 1894, constructed by that company, 1887, Statesville to Taylorsville, N. C. 20.36

From the Piedmont Railroad Company, Sept. 18, 1894, constructed by that company, Danville, Va., to Greensboro, N. C. 48.40

From the Atlanta and Florida Railway Company, June 21, 1895, constructed by the Atlanta and Florida Railroad Company, 1888, Atlanta to Fort Valley, Ga. 102.30

Acquired through the Memphis and Charleston reorganization committee, from the Memphis and Charleston Rail Road Company, Feb. 26, 1896:

Constructed by that company—

1857, Whites, Tenn., to Tuscumbia, Ala. 136.20

1857, Decatur to Stevenson, Ala. 83.35

1857, Moscow to Sommerville, Tenn. 13.10

1857, near Tuscumbia to Florence, Ala. 5.12

Construction of tracks on bridge over Tennessee River at Florence .48

Constructed by the Tuscumbia Railway Company, 1832, Tuscumbia to a point 2 miles distant 2.00

Constructed by the Tuscumbia, Courtland and Decatur Railroad Company—

1833, Tuscumbia to Leighton, Ala. 11.00

1834, Leighton to Decatur, Ala. 32.10

Constructed by the La Grange and Memphis Rail Road Company, 1837, Memphis to Whites, Tenn. 9.15

292.50

Mileage in Mississippi reorganized as Memphis and Charleston Railway Company 34.10

258.40

Acquired by direct purchase, from The Virginia Midland Railway Company, a total of 788.83 miles June 21, 1898:

Constructed by the Manassas Gap Railroad Company, 1854, Manassas to Strasburg 61.75

Constructed by The Orange and Alexandria Railroad Company—

1854, Gordonsville to Alexandria, Va. 90.24

1854, Calverton to Warrenton, Va. 8.90

1860, Charlottesville to Lynchburg, Va. 60.00

Partly constructed by The Lynchburg and Danville Railroad Company; completed by the Washington City, Virginia Midland and Great Southern Railway Company, 1874, Lynchburg to Neapolis, Va. 65.20

Partly constructed by The Orange, Alexandria and Manassas Railroad Company; completed by the Washington City, Virginia Midland and Great Southern Railway Company, 1873, Strasburg to Harrisonburg 49.85

Partly constructed by The Orange, Alexandria and Manassas Railroad Company; completed by the Washington City, Virginia Midland and Great Southern Railway Company, 1878, Gretna to Pittsville, Va. 7.10

Reclassification by The Virginia Midland Railway Company of Front Royal track, Riverton to Front Royal, as main track—

Constructed by a predecessor 1.04

Remeasurement of line Manassas to Harrisonburg, increase .25

1.29

Remeasurement to[sic] line Charlottesville to Neapolis, decrease 1.11

.18

343.22

From the Knoxville, Cumberland Gap and Louisville Railway Company, June 29, 1898, constructed by the Knoxville, Cumberland Gap and Louisville Railroad Company—

1890, Knoxville to Cumberland Gap 63.56

1891, Cumberland Gap to Middlesborough, Ky. 3.55

67.11

Less—Cumberland Gap to Middlesborough, Ky., sold by the Knoxville, Cumberland Gap and Louisville Railway Company

3.55

63.56

From The Knoxville Belt Rail Road Company Aug. 20, 1898, constructed by that company, 1888, Main Street yard in Knoxville to Belt Junction, Tenn. 5.30

From the Carolina and Cumberland Gap Railway, Aug. 31, 1898, constructed by the Carolina, Cumberland Gap and Chicago Railway Company, 1888, Edgefield to Aiken, S. C. 23.57

From the North Eastern Rail Road Company, Oct. 31, 1899, constructed by that company—

1876, Athens, to Lula, Ga. 38.93

1882, Cornelia to Tullulah[sic] Falls, Ga. 21.00

59.93

Cornelia to Tullulah Falls, Ga. sold by the North Eastern Rail Road Company 21.00

38.93

From the Southern Railway Company of Illinois, Dec. 24, 1900—

Constructed by the Louisville, Evansville & St. Louis Consolidated Railroad Company—

1890, Mount Vernon to Walnut Hill, Ill. 15.18

1890, Centralia to Belleville Junction, Ill. 48.50

63.68

Less—Abandoned by the Louisville, Evansville & St. Louis Consolidated Railroad Company from Walnut Hill to Drivers, Ill. 10.04

53.64

Constructed by the Louisville, New Albany and St. Louis Air Line Railway Company (of Indiana), 1871, Princeton, Ind., to a point in Indiana opposite Mount Carmel 10.11

Constructed by The Louisville, New Albany and St. Louis Air Line Railway Company—

Prior to 1877, from a point in Indiana opposite Mount Carmel to Albion 16.59

Constructed by the Lake Erie, Evansville and Southwestern Railway Company, 1873, Evansville to Boonesville, Ind. 16.92

Constructed by the Evansville Local Trade Railroad Company, 1880, Booneville to Gentryville, Ind. 15.48

Constructed by The Cincinnati, Rockport and Southwestern Railway Company—

1874, Rockport to Ferdinand, Ind. 25.00

1878, Ferdinand to Jasper, Ind. 13.43

Constructed by the Louisville, Evansville and St. Louis Railway Company—

1880, Princeton to Ingleton, Ind. 17.00

1881, Albion to Mount Vernon, Ill. 48.00

1882, Ingleton to New Albany, Ind. 89.05

Constructed by the Illinois and St. Louis Railroad and Coal Company, 1870-1873, Belleville to Pittsburg, Ill. 5.00

Constructed by The St. Clair Railroad and Coal Company, 1849, East St. Louis to Pittsburg, Ill. 8.86

Constructed by The Venice and Carondelet Railway Company, 1881, East St. Louis to Venice, Ill. 6.86

Constructed by the Huntingburg, Tell City & Cannelton Railroad Company, 1887, Lincoln City to Cannelton, Ill.[sic - Ind.] 22.72

Constructed by The Louisville and St. Louis Railway Company, Mount Vernon [sic - Centralia] to Drivers, Ill. 15.76

364.42

Reorganized as Southern Railway Company of Indiana 209.71

154.71

From the Villa Rica Branch Railway Company, Dec. 30, 1902, Constructed by that company, 1902, Villa Rica to pyrite mines 2.92

From the Knoxville and Ohio Railroad Company, Dec. 31, 1903—

Constructed by that company—

1877, Coal Creek to Careyville, Tenn. 7.70

1882, Careyville to Jellico, Tenn. 26.20

1890, New Cambria to Cambria, Tenn .92

Constructed by the Knoxville and Kentucky Railroad Company—

1861, Knoxville to Copper Ridge, Tenn. 9.30

1869, Copper Ridge to Coal Creek, Tenn. 22.10

Constructed by The Coal Creek and New River Railroad Company, 1880-1881, Coal Creek to New Cambria, Tenn. 3.10

Partly constructed by the La Follette Railway Company and completed by the Tennessee Northern Railway Company, 1898, from Vasper to La Follette 11.30

80.62

From the Knoxville & Bristol Railway Company, Dec. 31, 1903, constructed by the Morristown and Cumberland Gap Railroad Company, 1891, Morristown to Caryton, Tenn. 39.60

From the Gadsden and Attalla Railroad Company, July 1, 1904, Constructed by that company, 1892, Gadsden to Attalla, Ga.[sic] 5.90

From the East Saint Louis, Madison and Granite City Railroad Company, Dec. 14, 1904, constructed by that company, 1901-02, East St. Louis to Granite City, Ill. 2.40

From The Charlottesville and Rapidan Railroad Company, June 30, 1914—

Constructed by that company, 1880, Charlottesville to Orange, Va. 28.10

Constructed by the Southern—

1899, Castleman Junction, to Castleman, Ala. 3.63

1900, Round Hill to Bluemont, Va. 4.21

1901, Seymour to Coleanor, Ala. 1.22

1901, Ardella to Hansell, Ala. 2.70

1902, Tennessee Mines to Minersville Mines, Tenn. 1.24

1902, Pinners Point, Va., to connection with A. C. L. Ry. .66

1902, Coleanor to Coal Mines, Ala. 1.02

1902, Roe Junction to New Line, Tenn. 2.97

1902, Maryville to Walland, Tenn. 10.21

1903, Littleton, Ala., to Coal Mines 3.35

1903, Spring Garden, Ala., to mines 4.41

1903, Ore Bend Junction to Watts Ore Mines, Tenn. 3.40

1903, Shoals Junction to near Ware Shoals, S. C. 3.60

1904, Florence to Sweetwater, Ala. .70

1904, Cedar Bluff, Ala., to mines 5.06

1904, Okolona to Vardaman, Miss. 29.62

1905, Shoals Junction spur extended to Ware Shoals 1.60

1905, Spring Garden, Ala., spur extended .08

1905, Coal Mines, Ala., end of Piper spur 1.67

1905, Badham Spur, Ala 3.83

1906, Woodlawn to Bessemer cut-off 3.28

1906, Vardaman to Calhoun City, Miss. 8.20

1906, Tenn., C. I. & R. R. spur, Henry Ellen spur 1.02

1907, Seminary Junction to Cameron Run, Va. 1.55

1907, Extension to Porter, Ala. 4.35

1907, Woolridge-Jellico Coal spur, Newcomb, Tenn., extended 2.08

1908, Galloway Coal Co., spur .59

1911, Goldsboro, N. C., cut-off 1.55

1911, Badham, Ala., spur extended 1.77

1911, Leftwich Junction to Durmid, Va. 5.44

1911, near Tuscumbia, Ala., to a connection with No. Ala. Ry. .06

1912, Cut-off North Charlotte N. C., to A. T. & O. Jct. 1.20

1913, Connection with C., N. O. & T. P. Ry., Chattanooga, Tenn. .49

1915, Manchester Junction to Rocketts, Va. .57

Total constructed by the Southern 117.33

Total mileage acquired 3,995.35

Less, mileage abandoned or reclassified by the Southern—

Tracks abandoned—

1899, York, Ala., to Lauderdale, Miss. 13.77

1899, Henry Ellen, to Mines, Ala. 2.19

1904, Castleman Junction to Castleman, Ala. 3.63

1904, Granite to Westham Granite Quarry, Va. 2.69

1907, Ore Bend Junction to Watts Ore Mines, Tenn 1.02

1909, Cedar Bluff, Ala., spur 5.06

1915, Tenn. C. I. & R. R. Henry Ellen spur 1.02

Tracks reclassified—

1899, Henry Ellen to Mines, Ala. .71

1904, Attalla to Gadsden, Ala. 5.90

1907, Knoxville, Tenn., to Main Street Yard Belt Junction 5.30

1907, Ore Bend Junction to Watts Ore Mines, Tenn. 2.38

1908, Granite to Westham Granite Quarry, Va. .31

1908, Belle Isle Junction to Belle Isle, Va. .70

1912, Change of line entering Union Passenger Station, Memphis, Tenn. .11

Total abandoned or reclassified 44.79

Total owned mileage June 30, 1916, as reported by the Southern 3,950.56

Mileage constructed by the Lockhart Railroad from Lockhart to Lockhart Junction with rails and ties of the Southern. This track was inventoried, owned and used by the Southern 13.956

Grand total 3,964.516

There is a difference of 25.547 miles between the main-line mileage reported by the Southern in its response to Valuation Order No. 20, Corporate History, as being owned by it at the date of valuation, together with the mileage of the Lockhart Railroad, as explained above, and the main-line mileage inventoried to the Southern by the engineering section as previously stated. This difference can not be explained from the available records.

In addition, we have inventoried to the Southern 0.371 mile of first main track located at Jellico, Ky., and Jellico, Tenn., as being owned by the Southern and the Louisville and Nashville Railroad Company in equal proportions. The available records do not disclose how or when this jointly owned mileage was acquired.

At the date of valuation, the Southern operates in addition to the mileage previously shown 587.840 miles of second main tracks, 5.005 miles of third main track, 0.961 mile of fourth main track, and 2,334.626 miles of yard tracks and sidings, divided as follows:

[...]

HISTORY OF CORPORATE FINANCING

for the year ending on date of valuation are as follows:

Solely owned but not used, leased to—

Blue Ridge Railway Company, tracks, 9.908 miles of main line and 1.361 miles of yard tracks and sidings, between Belton and Anderson, S. C., term, indefinite period beginning Jan. 1, 1902, terminable on 30 days' notice, lessee pays $1,250 per month and taxes until Dec. 31, 1909, and $333.33 per month and taxes thereafter 1 $4,000.00

The Chesapeake and Ohio Railway Company, tracks, 9.034 miles of main line and 1.525 miles of yard tracks and sidings, between Orange and Gordonville, Va., term, July 1, 1894, to Apr. 1, 1990; lessee pays annual rental of $6,000 and taxes 1 6,000.00

The Franklin and Pittsylvania Railroad Company, tracks 6.899 miles of main line and 3.373 miles of yard tracks and sidings, between Gretna and Pittsville, Va.; term May 1, 1914, to May 1, 1919; lessee pays taxes and a nominal rental of $1 for the entire period.

Virginia and Southwestern Railway Company, tracks, 13.931 miles of main line and 8.122 miles of yards tracks and sidings, between Bulls Gap and Rodgersville, Tenn.; term, July 1, 1909, to Jan. 1, 1940 10,000.00

Washington and Old Dominion Railway, tracks, 53.271 miles of main line and 7.679 miles of yard tracks and sidings, between Alexandria and Bluemont, Va., term, Nov. 15, 1911, to July 1, 1962; lessee pays annual rental of $45,000 to July 1, 1917; $47,500 to July 1, 1922; $50,000 to July 1, 1927; $55,000 to July 1, 1942; and $60000 to July, 1962 45,000.00

Ware Shoals Railroad Company, tracks, 5.154 miles of main line and 0.562 mile of yard tracks and sidings, between Shoals Junction and Ware Shoals, S. C.; term, an indefinite period terminable on 60 days' notice. Lessee furnished right of way, grading, and ties; lessor furnished rail, etc. Title to property vested in lessor. No rental charged. Lessor to secure all of lessee's traffic and the lessor is to maintain the property. The lessor also agrees to furnish the lessee one locomotive and one passenger car to be used by the lessee during the life of the agreement and to keep them in repair. The lessee agrees to pay the lessor $10 per month for the use of the passenger coach. No rental is specified to be paid for the locomotive.

Columbia Union Station Company, tracks and land, 0.330 mile of main line, 0.988 mile of yard tracks and sidings, and 0.33 acre of land, at Columbia, S. C.; term, Feb. 1, 1902, to Feb. 1, 1952 $400.00

Embree Iron Company, tracks, 3.064 miles of main line and 0.555 mile of yard tracks and sidings; term not ascertained; no rental charged; lessor to secure all of the lessee's traffic.

Knoxville, Sevierville & Eastern Railway Company, depot building and 0.155 mile of yard tracks and sidings; term not ascertainable 30.00

Norfolk and Portsmouth Belt Line Railroad Company, tracks, 0.33 mile of branch line

Sloss-Sheffield Steel and Iron Company, rail, 0.63 mile of leased rail 546.87

Bass Foundry and Machine Company, rail, 3 miles of leased rail 750.00

1. In addition, the lessee pays taxes on the property.

Solely owned but jointly used, used with—

[...]

In addition to the above, the Southern maintained and operated minor facilities that were jointly used by other companies.

Solely used but not owned, owned by—

Atlantic and Yadkin, 160.087 miles. Cumberland Railway, 10.860 miles. Ensley Southern, 29.032 miles. High Point, Randleman, Asheboro and Southern, 26.928 miles. North and South Carolina, 3.704 miles. Sievern and Knoxville, 17.388 miles. Southern in Kentucky, 127.185 miles. State University Railroad, 10.154 miles. Tennessee & Carolina Southern, 30.226 miles. Yadkin Railroad, 40.559 miles.

(These lines are all operated through stock control and are not formally leased to the Southern. The results of operations of these lines are included in the income of the Southern. Accounting records [...])

Elberton Southern, entire line, 50.042 miles, lease commenced Jan. 1, 1909, terminable on 6 months' notice. Lessee pays interest on lessor's funded debt.1

Georgia Midland Railway, entire line, 99.452 miles, from June 18, 1896, to Oct. 1, 1995; lessee pays interest on lessor's funded debt and expenses of its corporate organization.1

Georgia Midland Terminal, terminal property, lease commenced Apr. 22, 1896; lessee pays a rental of $2,500 per annum.1

Mobile and Birmingham, entire line, 148.361 miles, from Mar. 1, 1899, to Mar. 1, 1998; lessee pays interest on lessor's funded debt, expenses of its corporate organization, and dividends on its $900,000 preferred stock—1 per cent in 1900, 2 per cent in 1901, 3 per cent in 1902, and 4 per cent thereafter.1

North Carolina Midland, entire line, 55.570 miles, from Jan. 1, 1915, to Jan. 1, 1921; lessee pays interest on lessor's funded debt and dividends at 3 per cent on its $924,000 capital stock.2

Richmond and Mecklenburg, entire line, 31.197 miles, from Nov. 1, 1898, to Nov. 1, 1948; lessee pays interest on lessor's funded debt and expenses of its corporate organization.1

Memphis-Chattanooga Railway, entire line, 2.837 miles; operation of this line was commenced by the Southern about May 1, 1916. No formal contract had been executed at the date of valuation.

Memphis and Charleston, entire line, 34.130 miles, lease begun on Mar. 1, 1898, length of term not stated, lessee owns all of lessor's stock and guarantees its funded-debt interest.1

Southern Railway—Carolina Division, entire line, 716.588 miles, from July 1, 1902, to July 1, 2901; lessee to apply revenues to operating expenses, taxes, funded-debt interest, reasonable improvement of property lease, acquisition of new property, and maintenance of lessor's corporate organization, one-half of any revenues thereafter remaining to be paid to lessor.

Southern of Indiana, entire line, 235.163 miles, lease begun Jan. 1, 1901, length of term not stated; lessee owns all security issues of the lessor. No provisions in lease for rental and improvements except that lessor shall receive all intrastate revenues. No revenues actually paid to lessor.

Atlanta and Charlotte Air Line, entire line, 268.335 miles, lease begun July 1, 1894, term perpetual; lessee pays interest on lessor's funded debt, expenses of its corporate organization, and dividends on its stock, 7 per cent until Mar. 1, 1914, and 9 per cent thereafter. During first 10 years of lease $100,000 per annum to be expended for improvements at expense of lessor. Contract not clear as to payment for subsequent improvements. At termination of lease this property, including the improvements thereon, to be surrendered to lessor.

Atlantic and Danville, entire line, 273.499 miles, from Sept. 1, 1899, to July 1, 1949; lessee pays annual rental, $127,000 to July 1, 1901; $157,000 to July 1, 1904; $188,000 to July 1, 1909, and $218,000 thereafter. A contingent rental equal to 218/12000 of any dividend paid on common stock of lessee is payable to lessor.3

Lockhart Railroad, entire line, 13.956 miles of right of way and grading owned by lessor, from May 1, 1900, to July, 1920, annual rental $1.2

North Carolina Railroad, entire line, 223.548 miles, from Jan. 1, 1896, to Jan. 1, 1995; lessee pays annual rental of $266,000 until Jan. 1, 1902, and $286,000 thereafter.2

Transylvania Railroad, entire line, 41.936 miles, from Jan. 1, 1906, to Jan. 1, 1956; lessee pays annual rental of $25,000 until Jan. 1, 1916, and $30,000 thereafter, and expenses of lessor's corporate organization.4

Atlantic Coast Line Railroad Company, lands and appurtenances thereon, from Aug. 22, 1895, to Sept. 12, 1901, renewable; lessee pays $12,000 per annum for lands and appurtenances thereon. If lease is terminated by lessee all improvements to go to lessor, and if terminated by lessor all improvements to go to lessee, if removed from land within 90 days.

North Augusta Land Company, track, 1.622 miles, from July 30, 1896, for period of 25 years; lessee to pay annual rental of $450 per annum for first 2 years, $500 per annum for third year, $600 per annum for fourth year, $750 per annum for fifth year, $900 per annum for sixth year, and each year thereafter.

Roswell Railroad, entire line, 9.082 miles, from Jan. 2, 1903, for perpetual term; net operating earnings belong to lessor, also an arbitrary of 40 per cent (prior to July 1, 1907, the arbitrary was 20 per cent) of the revenue accruing to the Atlanta and Charlotte Air Line of gross earnings on all business between points on the Roswell Railroad and points on or beyond the Atlanta and Charlotte Air Line.

Tallassee Power Company, tracks, 11.113 miles, lease begun Mar. 28, 1916, terminable upon 1 year's notice by lessor or 60 days' notice by lessee; the Southern controls and operates the Yadkin Railroad, which is sole lessee of 5.791 miles of Tallassee Power Company's railroad and joint lessee with the Winston-Salem Southbound Railway Company of the remaining 5.322 miles of the Tallassee Power Company's railroad. The latter mileage is operated jointly by the Southern and the Winston-Salem Southbound Railroad Company. The lessor bears costs of improvements and pays taxes, and lessees maintain and operate the property, but pay no rental.

Woolridge-Jellico Coal Company, track, 1.519 miles, from Dec. 22, 1905, to Dec. 22, 1930, renewable by lessee for a period of 24 years; lessee to maintain property in good condition and operate same; no rental charged.

Washington Southern Railway Company, track, 1.637 miles, from July 1, 1909, until terminated; lessee to pay annual rental equal to 4 per cent on valuation of property plus taxes. $1,406.81

Athens Belt Line Railroad Company, property located at Athens, Ga.; the tracks of the Athens Belt Railroad Company are used by the Georgia Railroad, lessee organization, Atlantic Coast Line Railroad Company, and the Louisville and Nashville Railroad Company, for which the Southern receives $1 per car for each loaded car moved by the "Georgia Railroad, lessee organization," with their own motive power over said track; said rate includes cost of opposite movement of empty cars. The difference between the amount received under this arrangement and the amount of rental paid by the Southern, as labor, plus the cost of maintaining the property, is included in the Southern's income account Separately Operated Properties—Profit, or Separately Operated Properties—Loss, as the case may be. The account Separately Operated Properties—Loss was charged with $298.12 for the year ended at the date of valuation.

1. Property to be maintained in good condition by lessee, but no definite provision made in regard to improvements.
2. At termination of lease title to improvements is vested in lessee; reimbursement to be made to lessee before title to same becomes vested in lessor.
3. At termination of lease lessor has option of either reimbursing lessee for its expenditures made for improvements, or of paying the lessee the appraised value thereof.
4. At termination of lease lessee surrenders improvements to lessor; no reimbursement to be made to lessee for expenditures made.

Jointly used but not owned, owned by—

Louisville and Nashville Railroad Company—

Tracks, 9.22 miles, from Jellico to Hyde, Tenn.; contract effective until Mar. 1, 1929, and thereafter until 6 months' notice is given. Interest accrued as rental at 5 per cent per annum on a stated valuation of $460,568.08. Southern pays half the accrual. All other expenses are paid by user companies, apportioned on basis of the number of each company's cars handled over the tracks 12,736.52

Passenger station, at Anniston, Ala.; contract effective until 1 year's notice is given. Expenses of maintenance, operation, taxes, and insurance are paid by the user companies and are apportioned on basis of the number of each company's cars handled on the property. Basis of rental, $100 per month 1,615.56

Bennets Fork Branch and Middlesboro Belt, 9.81 miles; rental $5,000 per annum, with additional charge of 5 per cent per annum on value of additions and betterments apportioned to each user on basis of each company's cars using the property. Cost of maintenance, operation, taxes, and insurance paid by user companies and apportioned on basis of each company's cars using the property. 5,494.01

Tracks, 14.82 miles, Cumberland Gap, Tenn., to Middlesboro, Ky., Cumberland Gap tunnel, and terminal facilities at Cumberland Gap and Middlesboro; contract effective until Nov. 4, 1946, renewable forever. Interest accrued as rental at 5 per cent per annum on stated valuation of [?]9.50. All expenses and rental paid by user companies and apportioned on basis of the number of each company's cars handled over the property 16,867.98

Tracks, Commerce Street at Mobile, Ala.; contract effective until after 60 days' notice is given. Flat rate of $1 per car and joint use of track $1,126.45

The Cincinnati, New Orleans & Texas Pacific Railway Company-

Facilities at Lexington, Ky., used under contract effective until after 6 months' notice is given or upon termination of The Cincinnati, New Orleans & Texas Pacific Railway Company's lease of the property from the Cincinnati Southern Railway Company.

Connecting track, 0.62 mile; cost of installation and maintenance paid by the Southern.

Freight depot and interlockers and passenger depot, yard, and tracks; rental for the three items $3,125 per annum. The Southern pays 25 per cent of all other expenses of freight depot and interlockers, 10 per cent of the expenses of the passenger depot, and 15 per cent of cost of maintenance of the yard and tracks.

City ticket office, the Southern pays 20 per cent of the actual cost of rental and 20 per cent of the cost of maintenance and operation.

Additions and betterments; the Southern pays rental accrued as interest at 1.25 per cent on the cost of additions and betterments. For the 4 items listed above the Southern charged to income 3,769.11

Track between lines of Alabama Great Southern Railway and Belt Line Railway of Chattanooga, 2.29 miles, at Company[sic] Chattanooga, Tenn.; contract effective until after 1 year's notice is given. Interest accrued as rental at 5 per cent per annum on a stated valuation of $157,426.64. All expenses and rental paid by the user companies which is apportioned on basis of the number of each company's engines and cars handled over the track 2,762.51

Track, 4.88 miles, yards, freight station, and passenger station at Danville, Ky .; contract effective until after 2 years' notice is given. Stated valuations of $139,103.11 for track, $55,106.09 for yards, and $57,202.28 for freight station and passenger station. Interest accrued as rental at 5 per cent per annum on above stated valuations. All the expenses and rental are paid by the user companies and apportioned on the basis of the number of units of each company's equipment handled on the property, as follows: On track, engines and cars. In yards, cars. At freight station, cars. At passenger station, trains 4,920.00

Illinois Central Railroad Company—

Passenger station, 0.50 mile of track leading to passenger station, yard, and freight station at Louisville, Ky., contract effective until Feb. 1, 1928, and thereafter until 1 year's notice is given, except that as to tracks leading up to passenger station a contract was made effective until Dec. 1, 1920. Stated valuations of $704,000 for passenger station, $287,400 for tracks leading to passenger station, $254,760.50 for yard, and $40,023 for freight station. Interest accrued as rental at 5 per cent per annum on the above stated valuation. All expenses and rental are paid by the user companies and apportioned on basis of the number of each company's cars handled over the tracks of the passenger station, yard, and tracks leading to depot and on the tonnage of freight handled for each company at the freight station. The Southern charged the following amounts to income—

For passenger station $14,258.78

For freight station and yards 4,414.36

For tracks leading to passenger station 3,577.56

Passenger station, Calhoun Street, Memphis, Tenn.; contract effective until after 3 months' notice is given. Rental $200 per month. All other expenses paid by user companies and apportioned on basis of the number of cars of each company handled on the property.

Kentucky & Indiana Terminal Railroad Company, bridge across Ohio River. Tracks from Vincennes Street, New Albany, Ind., to Eleventh Street, Louisville, 3 miles, tracks at Louisville, Ky., 4.53 miles, Youngstown and Panama yards at Louisville. Car and engine terminal facilities at Louisville. Contract effective until June 1, 2009. Deficits from operation including interest at 4.5 per cent per annum on bonds, par value $6,282,780.60, are paid by the user companies on percentages based on facility valuations and number of cars handled over the different facilities, as follows: [...] to secure a car proportion of valuation percentage upon which the operating deficits of the Kentucky and Indiana Terminal Railroad Company are divided. The user companies are obligated to use the facilities until Jan. 1, 1961, for all freight and passenger traffic across the Ohio River at Louisville, the Terminal Company to perform switching service, the expenses prorated on the number of cars switched for each user company. Any user has the right, on 6 months' notice, to perform its own switching or other service. Cars and engines repaired for user companies at cost, cars for other lines at M. C. B. rates. Engine-house, shop, and storehouse expenses are prorated on various bases according to the nature of the service performed $177,669.51

Norfolk and Western Railway Company—

Passenger station and interlocker at Lynchburg, Va.; contract effective until after 6 months' notice is given. Rental for passenger station, $1,286 per annum. Rental for interlocker not stated. All other expenses of the station are paid by the user companies and apportioned on basis of the number of trains of each company handled on the property. Those of the interlocker are paid by the user companies on the basis of the number of functions performed by it for each company 1,631.12

Passenger station at Suffolk, Va.; contract effective to Dec. 16, 1922, and thereafter until 6 months' notice is given. Interest accrued as rental at 5 per cent per annum on a stated valuation of $52,000. All expenses and rental paid by user companies, apportioned on a basis of the number of each company's cars handled at the station 629.06

Freight station, yard, and shops, and passenger station at Bristol, Va.; contract effective until after 1 year's notice. Stated valuations of $42,000 for freight station, yard, and shops, and $80,000 for passenger station. Interest accrued as rental at 4 per cent per annum on above stated valuations, together with cost of maintenance and operation, are paid by the user companies and are apportioned on basis of the number of each company's engines and cars handled on the property 2,534.62

Georgia Southern and Florida Railway Company, freight depot and tracks at Macon, Ga.; contract effective until after 6 months' notice is given. Interest accrued as rental at 5 per cent per annum on a stated valuation of $307,601.05. All expenses and rental are paid by the user companies as apportioned on the basis of the number of cars of each company handled on the property, except cost of operation of the freight depot which is apportioned on the basis of tons of freight handled for each company 17,717.50

Memphis Union Station Company, passenger station and 0.55 mile of track, at Memphis, Tenn.; contract effective until Nov. 1, 1959. Interest accrued as rental at 5 per cent per annum on $2,500,000 par value of bonds. All expenses and rental are paid by user companies and apportioned on basis of the number of cars of each company handled on the property 37,185.80

Meridian Terminal Company, passenger station at Meridian, Miss.; contract effective until May 1, 1955. Interest accrued as rental at 4 per cent per annum on $100,000 par value of stock and $250,000 par value of bonds. All expenses and rental paid by user companies and apportioned on basis of the number of cars of each company handled on the property $988.07

Mobile and Ohio Railroad Company—

Freight station and tracks at Meridian, Miss.; contract effective until after 60 days,[sic] notice is given. Interest accrued as rental at 5 per cent per annum on a stated valuation of $112,932.65. The rental of both the freight station and tracks and all other expenses of the freight station are paid by the user companies, apportioned on the basis of total tonnage handled for each company. All other expenses of the tracks are paid on basis of the number of cars of each company handled on the tracks 2,043.15

Pier No. 6 and warehouse, at Mobile, Ala.; contract effective to July 1, 1919, and thereafter until 6 months' notice is given. Interest accrued as rental at 5 per cent per annum on $13,667.11, which is the difference between $74,857.08, stated valuation of property leased by the Southern from the Mobile and Birmingham Railroad Company and $61,189.97, stated valuation of property of the Mobile and Ohio Railroad Company. The Southern receives half the interest accrued as rental and half of $527.87 per annum which the Southern pays for rental of a portion of Beauregard Street. All the other expenses are paid by the user companies, apportioned on the basis of tonnage handled for each company.

Pier No. 3, warehouse and tracks at Mobile, Ala.; contract effective to Apr. 28, 1917, and thereafter until 6 months' notice is given. Interest accrued as rental at 5 per cent on $8,592, which is the difference between the stated valuation of $114,657.50, representing property owned by the Mobile and Ohio Railroad Company and $106,065.50, representing property leased by the Southern from the Mobile and Birmingham Railroad Company. The Southern pays half the interest accrued as rental and charges the Mobile and Ohio Railroad Company with half of $487.64 per annum which the Southern pays for rental of a portion of Adams Street. All the other expenses are paid by the user companies as apportioned on the basis of tonnage handled for each company.

Warehouse located on Pier No. 7 of the Mobile and Birmingham Railroad Company and Pier No. 2 of the Mobile and Ohio Railroad Company; contract effective to Jan. 1, 1953, estimated cost $38,000, Southern's proportion $25,300, the Mobile and Ohio's proportion $12,700. Maintenance expenses paid by user companies, apportioned on basis of tonnage handled for each company.

Revenues collected from third parties deducted from gross expenses. Net earnings, if any, to be divided, two-thirds to the Southern and one-third to the Mobile and Ohio Railroad Company.

For the 3 facilities above the Southern charged to income $5,519.81

Freight station at Memphis, Tenn.; contract effective until after 3 months' notice is given. Rental $150 per month. All other expenses paid by user companies, apportioned on basis of tonnage handled for each company 1,800.00

Handling cars at Memphis, Tenn.; various flat rates for different services performed 4,645.47

Pier No. 4 and warehouse, including leasehold interest at foot of Lipscomb Street, leased by the Southern from the Mobile and Birmingham Railroad Company. Contract effective until after 6 months' notice is given. Interest accrued as rental at 5 per cent per annum on a stated valuation of $133,935.57. All expenses and rental paid by user companies, apportioned on basis of tonnage handled for each company 11,236.66

The Philadelphia, Baltimore and Washington Railroad Company; passenger station at Seventh Street, Washington, D. C.; contract effective to Sept. 15, 1934, and thereafter until 6 months' notice is given. Interest accrued as rental at 4 per cent per annum on a stated valuation of $33,320. One-half of all expenses and rental is paid by the user companies, apportioned on basis of the number of trains of each company handled at the station. The Philadelphia, Baltimore and Washington Railroad Company does not use this station but, by reason of obligations placed upon it by acts of Congress, it pays one-half of all expenses and costs except those due to personal injuries 489.62

Gulf Terminal Company; passenger station at Mobile, Ala.; contract effective until Jan. 1, 1957. Interest accrued as rental at 4 per cent per annum on $46,000 par value of stock and $600,000 par value of bonds. All expenses and rental paid by user companies and apportioned on basis of number of cars of each company handled on the property 8,631.88

The Chesapeake and Ohio Railway Company—

Passenger station at Richmond, Va.; contract effective to Apr. 1, 1939, and thereafter until 1 year's notice is given. Interest accrued as rental at 5.5 per cent per annum on a stated valuation of [?]. All expenses and rental paid by user companies, apportioned on basis of number of trains of each company handled on the property.

Track to passenger station, 2 miles, at Richmond, Va.; flat rate of 40 cents per engine and car for rental and all expenses.

Interlocker at Richmond, Va.; cost of interlocker paid by the Southern. Cost of maintenance and operation paid by user companies in proportion to the number of levers used by each company.

For the 3 facilities above the Southern charged to income $5,020.83

Seaboard Air Line Railway Company, track to passenger station, 0.50 mile and interlocker at Richmond, Va.; contract effective to Apr. 1, 1939, and thereafter until 1 year's notice is given. Rental for track, a flat rate of 26.4 cents per engine and car for rental and all expenses. Cost of interlocker and all expenses paid by user companies, apportioned on the basis of the functions performed for each company 11,096.03

Savannah Union Station Company, passenger station and tracks, 4.48 miles, at Savannah, Ga.; contract effective until May 1, 1952. Interest accrued as rental at 4 per cent per annum on $600,000 par value of bonds, also one-half of 1 per cent per annum on par value of above bonds to apply on a sinking fund for retirement of bonds. All expenses and rental paid by user companies, apportioned on basis of the number of each company's cars handled on the property 1,941.91

Central of Georgia Railway Company—

Freight facilities at Savannah, Ga., and track from Central Junction, Ga., to West Broad Street, Savannah, 3.37 miles. Contract effective until Dec. 1, 1999.

Rental for freight facilities, $4,000 per annum. Cost of maintenance and operation and the rental paid by user companies, apportioned on basis of tonnage handled for each company. Switching, including station expenses incident thereto, paid at various rates according to nature of service performed 14,120.84

Rental for track at a flat rate of $1,000 per annum for rental and all expenses 425.79

Passenger station at Columbus, Ga.; contract effective until after 60 days' notice is given. Interest accrued as rental, at 5 per cent per annum on a stated valuation of $66,099.28. All expenses and rental are paid by the user companies and apportioned on basis of the number of each company's trains handled on the property 497.74

Atlantic Coast Line Railroad Company—

Track, 154.38 miles from Selma, N. C., to Pinners Point, Va.; contract effective until expiration of lease of North Carolina Railroad. One-half the accrual of interest as rental at 5 per cent per annum on a stated valuation of $3,220,084.76. All other expenses paid by user companies, as apportioned on basis of engine and car mileage made by each company on the tracks 91,468.84

Passenger station at Brunswick, Ga.; contract effective until after 6 months' notice is given. Stated valuation, $14,965.24. Interest accrues as rental at 6 per cent per annum on above stated valuation, one-half of which is charged to the Southern. The cost of maintenance, operation, taxes, and insurance are paid by the user companies and apportioned on basis of the number of each company's trains handled on the property $718.59

Tracks and yards, 3.10 miles, at Brunswick, Ga. The Southern also owns facilities at this point which are jointly used by the Atlantic Coast Line Railroad Company. Each company pays the cost of maintenance of its own facilities. Cost of operation is paid by the user companies and apportioned on basis of the number of each company's cars handled on the property. No rental is charged.

Main-line track, 152.08 miles, from Central Junction, Ga., to Jacksonville, Fla., via Jesup Cut-off. Contract effective until July 1, 1952, and thereafter until 2 years' notice is given. Stated valuation $2,900,000. Interest accrued as rental, at 5 per cent per annum on above stated valuation, of which the Southern pays half. The costs of maintenance, operation, taxes, and insurance are paid by the user companies and apportioned on the basis of each company's engine and car mileage made on the tracks. The local traffic belongs to the Atlantic Coast Line Railroad Company 114,303.27

Tracks, 16.70 miles, Hardeeville, S. C., to Central Junction, Ga.; contract effective until Dec. 1, 1999, and thereafter until 2 years' notice has been given. Interest accrued as rental at 5 per cent per annum on a stated valuation of $37,963.01. The Southern pays one-half the interest accrued as rental and half of all the other expenses. Basis of division changeable upon 6 months' notice 1,899.98

Northern Alabama Railway Company, track, 3.49 miles, and freight station at Sheffield, Ala.; contract effective until after 1 year's notice is given. Interest accrued as rental for track at 5 per cent per annum on a stated valuation of $50,062.68. All expenses and rental paid by user companies, apportioned on a basis of the number of each company's engines and cars handled on the tracks. One-half the interest accrued as rental for freight station at 6 per cent per annum on a stated valuation of $10,000. All other expenses paid by user companies, apportioned on basis of tonnage handled for each company 2,900.68

Terminal Railroad Association of St. Louis, Union Station and Washington Avenue passenger station; freight station at Eleventh Street; Cupples freight station for l. c. l. freight; Cupples freight station for carload freight at St. Louis; bridge across Mississippi River and tracks at East St. Louis, Ill., 3.28 miles. Contract effective forever. Rates of toll or charges for use of the property by the proprietary companies are fixed from time to time by the Terminal Association to produce a sum sufficient to pay the following charges: Rental on any property leased by the Terminal Association, interest on Terminal Association bonds, such sums as may be applied to sinking fund for retirement of bonds, maintenance, operation, taxes and insurance, and expenses of corporate organization of the Terminal Association. The bases for division of the tolls and charges between the user companies follow: Tolls and charges for Union Station and Washington Avenue passenger station apportioned on basis of the number of each company's cars handled at the stations; for freight station at Eleventh Street, apportioned on basis of tonnage handled for each user company; for Cupples carload and l. c. l. freight stations, Terminal Association charged with entire expense; and for bridge across Mississippi River and tracks at East St. Louis tolls charged at flat rates per car; first-class coaches, $3; second-class coaches, $1; first-class baggage, $1.50; second-class baggage, $0.50; mail, express, dining, and special cars, free. The Southern charged to income for all facilities of the Terminal Association used by it $22,918.01

Washington Terminal Company, facilities at Washington, D. C., used under contract effective for 100 years from completion of facilities and thereafter until 5 years' notice is given—

Passenger station, equipment, etc., also track from a connection with Philadelphia, Baltimore and Washington Railroad Company tracks at south portal of tunnel to a connection with the Eckington yard tracks at Florida Avenue, 1.26 miles; stated valuation, $16,244,480.42 85,486.92

Tracks, shops, roundhouses, etc., comprising the Eckington car and engine yard, stated valuation, $4,296,071.60, Washington Terminal Company acts as agent for the Philadelphia, Baltimore and Washington Railroad Company and the Baltimore and Ohio Railroad Company. 26,794.84

Tracks from Virginia Avenue and Second Street to a connection with the tracks of the Washington Terminal Company at south portal of latter's tunnel, stated valuation, $775,412.93, Washington Terminal Company acts as agent for the Philadelphia, Baltimore and Washington Railroad Company 13,601.89

Philadelphia, Baltimore and Washington Railroad Company—

Tracks from south end of Long Bridge, Va. to Virginia Avenue and Second Street, Washington, D. C., including bridge across the Potomac River, 2.14 miles. Stated valuation, $2,158,299.37. Interest accrued as rental at 4 per cent per annum on the stated valuations of the 4 facilities shown above. All expenses and rental paid by user companies, apportioned on basis of the number of each company's engines and cars handled on each facility handled above. Basis subject to change at end of 10-year periods. Additions and betterments to bear rental rate based on current interest rate at time expenditures are made $9,597.75

Services handling freight as agent for the Southern, at Washington, D. C.; contract effective to Aug. 1, 2006, and thereafter until 5 years' notice is given. Flat rate of 55 cents per ton. Rate computed on actual cost plus 20 per cent of facilities furnished and actual cost plus 20 per cent of cost of operation; subject to revision on January 1 of each year 13,856.36

Washington Southern Railway Company—

Potomac Yard, near Alexandria, Va., freight transfer tracks and shop facilities, operated under plan of accounting in effect July 1, 1909. Interest accrued as rental at 5 per cent per annum on a stated valuation of $1,997,135.27. All expenses and rental are paid by user companies and are apportioned on various bases according to nature of expense.

Track for freight traffic from south end of Potomac Yard to a connection with Southern's tracks near Seminary, Va. Interest accrued as rental at 5 per cent per annum on a stated valuation of $202,824.33. All expenses and rental are paid by user companies and are apportioned on basis of the number of each company's engines and cars handled over the track.

Track for passenger traffic, 5.70 miles from south end of Long Bridge to a connection with the Southern's tracks near Seminary, Va., operated under plan of accounting in effect July 1, 1909, and also a contract effective until Nov. 1, 2001. Interest accrued as rental at 5 per cent per annum on a stated valuation of $723,677.70 and at 4 per cent per annum on a stated valuation of $250,000. All expenses and rental paid by the user companies on basis of the passenger-car mileage made by each company on the tracks.

Passenger station at Alexandria, Va., operated under plan of accounting in effect July 1, 1907. Interest accrued as rental at 5 per cent per annum on a stated valuation of $106,042.50. All expenses and rental are paid by user companies and are apportioned on basis of the number of each company's passenger trains handled at the station.

For the above 4 items the Southern charged to income 36,730.55

Atlanta Terminal Company, passenger station and 0.50 mile of track at Atlanta, Ga.; contract effective until June 1, 1953. Stated par value of securities: Stock, $150,000; bonds, $1,500,000. Interest at 4 per cent per annum accrues as rental, on par value of above securities. All expenses and rental are paid by user companies and are apportioned on basis of the number of each company's cars handled on the property $54,818.05

Georgia Railroad, track and right of way at Atlanta, Ga. Track used under contract effective until Jan. 1, 1977, and thereafter until 2 years' notice. Flat rate of $200 per month. Right of way rental at flat rate consisting of interest at 6 per cent per annum on a stated valuation of $95,946.15 4,678.20

Augusta Union Station Company, passenger station at Augusta, Ga.; contract effective until Aug. 1, 1953. Interest accrued as rental, at 4 per cent per annum on $225,000 par value of bonds. All expenses and rental paid by user companies, apportioned on basis of the number of each company's cars handled on the property 6,142.84

Augusta and Summerville Railroad Company, terminal tracks, 0.49 mile, at Augusta, Ga.; user companies own, in equal proportions, all the outstanding capital stock of the Augusta and Summerville Railroad Company. The Southern pays one-fourth the cost of maintenance, operation, taxes, and insurance 561.37

The Alabama Great Southern Railroad Company—

Station at Attalla, Ala.; contract effective until 6 months' notice is given. Interest accrued as rental, at 5 per cent per annum on a stated valuation of $238,406.74 and paid by the user companies. Apportioned on the basis of the number of each company's cars handled on the property. Costs of maintenance, operation, taxes, and insurance are paid by the user companies and apportioned on basis of each company's tonnage handled.

Yard and track at Attalla, Ala., 3.44 miles, costs of maintenance, operation, taxes, and insurance paid by user companies and apportioned on basis of the number of each company's cars handled on the property. Southern charged to income account for both of above items 581.28

Station and tracks at Bessemer, Ala.; contract, effective until after 6 months' notice, costs of maintenance, operation, taxes, and insurance are paid by the user companies and apportioned, in regard to the station, on the basis of tonnage handled for each company, and, in regard to the tracks, on the basis of each company's cars using the property. Contract also covers the Southern's facilities used by the Alabama Great Southern Railroad Company. The stated valuation for facilities owned by the Southern exceeds stated valuations of facilitied owned by Alabama Great Southern Railroad Company by $6,079.

Tracks, 27.16 miles, York, Ala., to Meridian, Miss., and station at York, Ala., used under contract effective until Apr. 3, 1994.

For track, 5 per cent per annum accrued as rental on a stated valuation of $324,360. The Southern's proportion of rental to be not less than one-third. All expenses and rental paid by user companies, apportioned on basis of wheelage made by each company on the tracks $9,517.17

For station rental $13.75 per month. Cost of maintenance and operation paid by user companies, apportioned on basis of tonnage handled for each company 165.00

Facilities at Chattanooga, Tenn., including property of Belt Line Railway of Chattanooga, of the Chattanooga Terminal Railway and the river track and river incline track of the Chattanooga Southern Railroad Company. Contract effective until after 6 months' notice is given. The expenses to the Alabama Great Southern Railroad Company of its leases of these properties, plus 5 per cent per annum of the cost to it of the Belt Line Railway of Chattanooga capital stock, and including interest on valuation of additions and betterments are participated in by the user companies. The total of expenses and rental are paid by the user companies on proportions based on past experience as to service performed; percentages revisable every third year. Until June 30, 1918, the Southern bears 42.57 per cent. The expenses to the Alabama Great Southern Railroad Company include 5 per cent on $300,000 par value of first-mortgage bonds, 4 per cent on $24,000 par value of second-mortgage bonds, and interest on a note of $12,238.18 par value. It pays $2,256 per annum for lease of the Chattanooga Terminal Railway Company property and $921.16 per annum for the river track and river incline track 20,006.38

Birmingham Terminal Company, passenger station at Birmingham, Ala.; contract effective until Mar. 1, 1957. Interest accrued as rental, at 4 per cent per annum on $150,000 par value of stocks and $2,000,000 par value of bonds. All expenses and rental paid by user companies. Apportioned on basis of the number of cars of each company handled on the property 25,736.43

Woodstock and Blocton Railroad Company, tracks at Blocton, Ala. The user companies own all of the capital stock of Woodstock and Blocton Railroad Company. Interest accrued as rental at 5 per cent per annum on a stated valuation of $20,000. All expenses and rental are paid by the user companies and are apportioned on basis of the number of cars of each company handled over the tracks 306.93

Chicago, Burlington & Quincy Railroad Company, station and yard, at Centralia, Ill., including 1.80 miles of track, contract effective until Oct. 1, 2000. Stated valuation $201,301.04. Interest accrued as rental at 4 per cent per annum on above stated valuation. All expenses and rental paid by the user companies and apportioned on basis of the number of engines and cars of each company handled on the property $4,155.28

Charleston Union Station Company, passenger station at Charleston, S. C.; contract effective until Jan. 1, 1937. Interest accrued as rental at 4 per cent per annum on $250,000 par value of bonds. All expenses and rental are paid by user companies and apportioned on basis of the number of cars of each company handled on the property 4,687.62

Chattanooga Station Company, passenger station and 0.87 mile of track at Chattanooga, Tenn.; contract effective until Jan. 1, 1957. Interest accrues as rental at 4 per cent per annum on par value of securities; capital stock $100,000 and bonds $1,000,000. All expenses and rental are paid by the user companies and apportioned on basis of the number of cars of each company handled on the property 27,054.33

Nashville, Chattanooga and St. Louis Railway Company—

Tracks from Chattanooga, Tenn., to Stevenson, Ala., 38 miles. Contract effective until after 2 years' notice is given. Rental $5,000 per month. The Nashville, Chattanooga and St. Louis Railway Company receives two-thirds of the revenue from local passenger traffic handled by the Southern 46,599.20

Passenger station and 0.20 mile of track, at Dalton, Ga.; the rental for the station is $20 per month. The Southern pays half the cost of maintenance. The rental for the track is a flat rate of $250 per month 3,000.00

Columbia Union Station Company, passenger station at Columbia, S. C.; contract effective until Feb. 1, 1952. Interest accrued as rental at 4 per cent per annum on $100,000 par value of capital stock. All expenses and rental paid by user companies and apportioned on basis of number of each company's cars handled on the property 5,455.75

Durham Union Station Company, passenger station at Durham, N. C.; contract effective until May 1, 1955. Interest accrued as rental, at 5 per cent per annum on stock $33,000 par value and bonds $60,000 par value. All expenses and rental paid by user companies, apportioned on basis of the number of each company's cars handled on the property 5,486.94

Chicago and Eastern Illinois Railroad Company, passenger station at Evansville, Ind.; contract effective until Aug. 31, 1916. Interest accrued as rental at 5 per cent per annum on a stated valuation of $199,600. Southern pays as maintenance 2.5 per cent of agreed valuations of $10,000 for track work, $86,000 for station and appurtenances, and $23,000 for train shed. All other expenses and rental are paid by the user companies on basis of the number of each company's trains handled on the property 3,598.32

Chicago, Indianapolis and Louisville Railroad Company, freight and passenger station, including 1 mile of track from French Lick to West Baden, Ind.; contract effective until Dec. 1, 1917, and thereafter until after 2 years' notice has been given. Interest accrued as rental at 5 per cent per annum on a stated valuation of $116,051.43. Cost of maintenance and operation is paid by the user companies on the basis of the number of each company's engines and cars handled on the property. The Southern pays half the taxes and insurance and half the accrual of interest as rental $3,900.73

Goldsboro Union Station Company, passenger station at Goldsboro, N. C.; contract effective until Aug. 1, 1933. Interest accrued as rental at 4 per cent per annum on capital stock and 4.5 per cent on bonds of $84,000 par value. Cost of maintenance and operation is added to the rental and all paid by the user companies, which is apportioned on basis of the number of each company's cars handled on the property 1,377.01

The Baltimore and Ohio Railroad Company, passenger station at Harrisonburg, Va., including 0.50 mile of track; contract effective, until Oct. 1, 1934, and thereafter until 1 year's notice has been given. Interest accrued as rental at 5 per cent per annum on a stated valuation of $27,170. All expenses and rental are paid by the user companies on basis of the number of each company's trains handled on the property 789.52

Jacksonville Terminal Company, passenger station at Jacksonville, Fla., including 1.47 miles of track; contract effective until July 1, 1939. Interest accrued as rental at 5 per cent per annum on $500,000 par value of bonds and at 6 per cent on $128,102.27 par value of notes. The Southern pays one-eighth of the accrual of interest as rental, also one-eighth of $6,631.68 representing amount paid by the Jacksonville Terminal Company for rent of land. All other expenses are paid by the user companies and apportioned on basis of the number of each company's cars handled on the property 8,166.86

St. Johns River Terminal Company, freight station and yard at Jacksonvile, Fla., including 5.99 miles of track. No formal contract. Interest accrued as rental at 4 per cent per annum on $1,142,000 par value of bonds. All expenses and rental paid by user companies and apportioned on basis of the number of each company's cars handled on the property 13,265.73

Macon, Dublin and Savannah Railroad Company, passenger station and 0.18 mile of track at Macon, Ga.; contract effective until after 90 days' notice is given. Flat rate of $150 per month, with $25 per month to be added for each additional regular train over the number at date of contract 1,230.30

New Orleans, Mobile and Chicago Railroad Company, station and tracks at Middleton, Tenn.; contract effective until after 4 months' notice is given. Flat rate of $100 per month 780.00

Alabama, Tennessee and Northern Railroad Company, freight and passenger station at Mobile, Ala. No formal contract. Flat rate of $416.67 per month 3,249.96

In addition to the above, the Southern uses certain minor facilities that were maintained and operated by other carriers.

PIEDMONT RAILROAD COMPANY—PREDECESSOR OF THE SOUTHERN

No accounting records of the Piedmont Railroad Company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. Certain information stated below was obtained from the company's reports to this commission, returns made by the Southern, and other sources.

The company was controlled first by the Richmond and Danville Railroad Company and later by the Southern, through ownership of a majority of the capital stock and all of the bonds. At date of demise of the Piedmont Railroad Company its property was operated by the Southern under a lease agreement which it had acquired from the Richmond and Danville Railroad Company.

The property owned on date of demise consisted of about 48.40 miles of single, main-track railroad, extending from Danville to Greensboro, N. C.

The military necessity for a railroad connection between the line of the Richmond and Danville Railroad Company and that of the North Carolina Railroad and the long-desired authority for the Richmond and Danville Railroad Company to extend its road into North Carolina, prompted the Confederate States and the Richmond and Danville Railroad Company in backing this project, in fact it was under pressure of the Confederate Government that the State of North Carolina granted the charter of the Piedmont Railroad Company.

Under its agreement with the Confederate States, dated May 8, 1862, the Richmond and Danville Railroad Company undertook to subscribe for practically all the stock of the Piedmont Railroad Company and to construct the road from Danville to Greensboro, in consideration of which the Confederate Government was to lend the Richmond and Danville Railroad Company $1,000,000 of Confederate bonds and supply the necessary iron, taking the mortgage bonds of the Richmond and Danville Railroad Company as collateral security. The Richmond and Danville Railroad Company thereupon undertook construction of the line, which was completed in 1864.

From developments incident to the fall of the Confederacy, it is shown that the Confederate bonds were returned by the Richmond and Danville Railroad Company and then that company assumed responsibility to the Roanoke Valley Railroad Company and other Virginia railroad companies for the value of the iron and rolling stock which had been confiscated by the Confederate Government for use in constructing the road of the Piedmont Railroad Company.

The property was operated in aid of the Confederacy until the end of the Civil War. On June 24, 1865, an agent of the United States Government seized the property on the theory that it had been the property of the Confederate States and it was operated from that date by an agent of the United States Treasury Department until December 9, 1865, at which time it was returned to its owner.

During the period from December 9, 1865, and February 15, 1866, the gauge of the company's road was changed to conform to that of the Richmond and Danville Railroad Company, and on February 15, 1866, the property was leased to the Richmond and Danville Railroad Company for sole operation. The latter company and its receivers operated the property under this lease agreement, which was renewed on February 20, 1867, and again on February 20, 1872, until July 1, 1894. On July 1, 1894, the Southern acquired the lease and operated the property until September 18, 1894, the date of demise.

The outstanding capital obligations of the Piedmont Railroad Company on June 30, 1894, as stated in its report to this commission, aggregated $2,500,000 par value, as follows: