Wikipedia:WikiProject Trains/ICC valuations/Sierra Railway of California
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The railroad of Sierra Railway Company of California, herein called the carrier, is a single-track, standard-gauge, steam railroad, located in the north-central part of California. The owned mileage extends in a southeastwardly direction from Oakdale to Tuolumne 56.129 miles, with a branch of 19.356 miles extending northwestwardly from Jamestown to Angels. The total length of the main line and branch is 75.485 miles. The carrier also owns yard and side tracks totaling 11.586 miles. Its road thus embraces 87.021 miles of all tracks owned. In Appendix 1 will be found further description of the property.
Corporate history.—The carrier was incorporated February 2, 1897, for a period of 50 years, under the general laws of the State of California, for the purpose of constructing and operating a standard-gauge railroad for the carriage of passengers and freight from the city of Oakdale to a point near the town of Angels, with a number of branch lines. The date of organization was February 3, 1897. The articles of incorporation were amended by the directors of the carrier on July 28, 1905, for the purpose of enabling it to guarantee the bonds of any other road whose property it might acquire, own, or lease. The principal office of the carrier is located at San Francisco.
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The property owned by the carrier on date of valuation was acquired as follows:
- Construction commenced Acquired for or retired from operation
- By construction:
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- At Standard Station 1912 .74
- Total 84.35
- Less sales and abandonments:
- Abandoned in connection with new construction between Rosasco and Chinese 1898-9 7.81
- 1912 .43
- Sold at Oakdale Station 1908 .16
- Total 8.40
- Grand total 75.95
In the construction of 83.61 miles of road the West Coast Construction Company was employed, and the remainder of the mileage, comprising 0.74 mile of track at Standard Station, was constructed by the forces of the Standard Lumber Company. The West Coast Constuction Company was affiliated with the carrier in the following respects: T. S. Bullock, who was general manager of the carrier from its beginning until 1904, and thereafter its president until the latter part of 1915, was also president of the construction company, which had received stock and bonds of the carrier in payment for the construction of the railroad. The lumber company, which constructed 0.74 mile of road, was controlled by Bullock.
- HISTORY OF CORPORATE FINANCING