Wikipedia:WikiProject Trains/ICC valuations/Pullman Railroad

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Location and general description of property.—The railroad of the carrier is in part a single-track and in part a double-track, standard-gage, steam railroad located in Illinois, aggregating 5.838 miles of road. The owned mileage amounts to 4.342 miles and consists of two disconnected sections of road, extending from Pullman Junction to One hundred and fourth Street, and from One hundred and fifteenth Street to Calumet River Bank at One hundred and thirtieth Street, all in Chicago, Ill. Of the owned mileage 1.829 miles are double-track. The company owns also 6.567 miles of yard tracks and sidings. The mileage operated under lease amounts to 1.496 miles of road and extends from One hundred and fourth Street to One hundred and fifteenth Street in Chicago, Ill., connecting the sections of owned road. The carrier wholly owns and uses 12.738 miles of tracks, and uses but does not own 8.481 miles of tracks, which are classified in the trackage table in Appendix 1.

CORPORATE HISTORY

The carrier was incorporated August 24, 1906, under the general laws of the State of Illinois, for the purpose of constructing a railroad between points known as Pullman and Pullman Junction, in Chicago, Ill., and to other points. The company was organized August 25, 1906.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the carrier was acquired in part by construction and in part by purchase from The Pullman Company, as noted hereunder.

Acquired by purchase from The Pullman Company by deed dated June 1, 1908 3.97

Constructed by the carrier June 1, 1908, to June 30, 1919 .468

Total recorded mileage 4.438

Difference between total recorded mileage and mileage inventoried as of date of valuation .096

Mileage inventoried as of date of valuation 4.342

HISTORY OF CORPORATE FINANCING