Wikipedia:WikiProject Trains/ICC valuations/Northwestern Coal Railway

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Corporate history.—The carrier was incorporated under the general laws of the State of Wisconsin on December 21, 1892, for an unstated period. Its declared purpose was to construct, maintain, and operate a railroad about 12 miles long, wholly in Douglas County, Wis., for public use in the conveyance of persons and property, from a point on Allouez Bay to some point on the St. Louis River, on the boundary line between Wisconsin and Minnesota. The principal office of the carrier is at Superior, Wis. The detailed facts as to the development of the fixed physical property will be found in Appendix 2.

History of corporate financing, capital stock, and long-term debt.—

APPENDIX 2

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The carrier acquired the principal part of its property by purchase, and improved it by the construction of docks and wharves, filling submerged lots, and constructing additional tracks to and on the docks. During February, 1893, it acquired large tracts of real estate and other property at Allouez Bay. On September 8, 1894, a line of railroad about 12 miles long, from near Allouez Bay, at Superior, to and across the St. Louis River, St. Louis County, Minn., was purchased from the Superior Belt Line and Terminal Railway Company.

On May 27, 1899, the carrier sold to the Superior Belt Line and Terminal Railway Company that part of the line originally purchased from it, between Belt Junction and New Duluth, Minn., a distance of about 11.07 miles. Of the property originally purchased from the Superior Belt Line and Terminal Railway Company, the carrier retained the tracks from the coal docks, the water tank, roundhouse, etc. After the sale of the above property, the carrier reported as owned 2.53 miles of main track and 5.47 miles of other tracks. This mileage was reduced to about 2 miles of main track and about [?] miles of other tracks in May, 1912, when all the property, except the railroad, was sold to the Pittsburgh Coal-Dock & Wharf Company.

HISTORY OF CAPITAL FINANCING