Wikipedia:WikiProject Trains/ICC valuations/Nevada Northern Railway
Interstate Commerce Commission, Valuation Reports, Volume 84
Nevada Northern Railway
[edit]Location and General Description of Property
[edit]The railroad of Nevada Northern Railway Company, hereinafter called the carrier, is a single-track, standard-gauge, steam railroad located in eastern Nevada, extending from Cobre to Veteran, 150.169 miles, with branch lines extending from:
| Miles | |
|---|---|
| McGill Junction to McGill. | 2.682 |
| Hiline to McGill. | 9.100 |
| East Ely to Ely Junction. | 3.000 |
| Copper Flat to Ruth. | 1.044 |
| Total. | 15.826 |
Thus the first main tracks owned and used aggregate 165.995 miles. In addition the carrier owns and uses yard and side tracks aggregating 27.340 miles, making a total of all tracks owned and used of 193.335 miles.
Corporate History
[edit]The carrier was incorporated under the general laws of Maine on June 1, 1905. Its principal office is located at Portland, Me.
Development of Fixed Physical Property
[edit]The carrier constructed its road between September, 1905, and May, 1908. Certain portions were opened for operations as early as June 2, 1906.
Leased Railway Property
[edit]The accounting records of the carrier indicated that it used on date of valuation facilities owned by other companies, and other companies used facilities owned by the carrier to the extent indicated in the statement following. The amount stated as rentals receivable are those applicable to the year ended on date of valuation:
| Owner, description of property, and terms of use | Annual rental accrued during year ended on date of valuation |
|---|---|
| Solely used but not owned: | |
| Leased from copper company— | |
| Siding at McGill, 0.69 mile; expenses of maintenance and $612.24 per annum. | $612.24 |
| Jointly used but not owned: | |
| Joint use accorded carrier by Southern Pacific Company which leases the property from Central Pacific Railway Company— | 476.08 |
| Facilities at Cobre, 0.16 mile of main track; rental 3 per cent per annum on valuation and expenses of maintenance. | [included above] |
| Sidetrack, 0.14 mile; rental 3 per cent per annum on valuation and 50 per cent of maintenance. | [included above] |
| Water system; rental 3 per cent per annum on valuation and 20 per cent of maintenance. | [included above] |
| Stock corral; rental 3 per cent per annum on valuation and 30 per cent of operating expenses. | [included above] |
| Passenger and freight depot; rental 2.5 per cent on valuation and 30 per cent of operating expenses. | [included above] |
| Joint use accorded the carrier by The Western Pacific Railroad Company: | |
| Station facilities at Shafter; rental 3 per cent per annum on agreed valuation and 30 per cent of maintenance and operating expenses. | 124.88 |