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Data from Interstate Commerce Commission Valuation Reports, volume 34, pages 478-
The Missouri, Kansas and Eastern Railway Company was incorporated February 10, 1892, in the State of Missouri. No accounting records of the Missouri, Kansas and Eastern Railway Company were obtained. Therefore, no information can be given from its accounts regarding its financing dealings, corporate operations, or investments. However, certain data given below were obtained from its minute book and from the records of the Katy. The Missouri, Kansas and Eastern Railway Company conveyed all of its property, rights and franchises, except its right to be a corporation, to the Katy on June 1, 1896, and by indenture filed April 27, 1897, the company was merged with the Katy.
The Missouri, Kansas and Eastern Railway was controlled on June 1, 1896, the date of sale, by The Southwestern Company, through the ownership of its entire outstanding capital stock. The Southwestern Company was affiliated with the Katy through that company's ownership of its capital stock. On the other hand, the records reviewed to not indicate that this company itself, then controlled any common-carrier corporation.
The property of The Missouri, Kansas and Eastern Railway Company was operated under lease by the Katy from the date it was placed in operation to the date of sale. The railroad owned by The Missouri, Kansas and Eastern Railway Company on date of sale consisted of a single-track, standard-gage, steam railroad, extending from New Franklin to Machens, Mo., 162.27 miles. Of this it had acquired 16 miles by purchase from The Southwestern Company, and 146.27 miles by construction. The 16 miles of road, together with 55 miles of graded roadbed, purchased from The Southwestern Company, had been acquired by that company from J. H. Bethune and the American Construction Company, who had acquired it at a foreclosure sale May 10, 1890, from the Cleveland, St. Louis & Kansas City Railway Company.
The remainder of the road owned, 146.27 miles, was acquired by construction under a contract of March 5, 1892, made between The Missouri, Kansas and Eastern Railway Company and The Southwestern Company, contractors. This contract provided that The Missouri, Kansas and Eastern Railway Company should pay The Southwestern Company for constructing and equipping the line and for conveying the 16 miles of road and other property formerly owned by the Cleveland, st. Louis & Kansas City Railway Company, $4,319,000 par value of capital stock, $4,000,000 par value of first-mortgage bonds, and $500,000 par value of second-mortgage bonds.
The authorized capital stock of The Missouri, Kansas and Eastern Railway Company was $4,500,000 par value, divided into shares of $100 par value each. The entire amount authorized was issued, but the considerations therefor were not ascertainable from the records obtained. All of the stock issued was actually outstanding on the date of sale and was exchanged for an equal par value of capital stock of the successor.
The Missouri, Kansas and Eastern Railway Company issued $4,000,000 par value of first-mortgage 5 per cent bonds and $500,000 par value of second-mortgage 5 per cent bonds, both issues dated April 1, 1892, and maturing April 1, 1942. The considerations received for these bonds when issued were not ascertainable from the records obtained. All the bonds issued, $4,500,000 par value were actually outstanding on date of sale and were assumed by the successor.
The Cleveland, St. Louis & Kansas City Railway Company was incorporated March 26, 1888, in the State of Missouri. No accounting records of the Cleveland, St. Louis & Kansas City Railway Company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data given below were obtained from the records of the Katy. The records reviewed do not indicate whether the Cleveland, St. Louis & Kansas City Railway Company was controlled by any individual or corporation on May 10, 1890, the date of sale, nor, on the other hand, whether it then control any common-carrier corporation.
The railroad owned by Cleveland, St. Louis & Kansas City Railway Company, on date of sale, consisted of about 16 miles of track, with sidings, between St. Charles and Hamburg, Mo., about 20 miles of graded roadbed east of St. Charles and 35 miles of graded roadbed west of Hamburg, together with certain rights of way, equipment, and miscellaneous lot of construction material. Of the 16 miles of completed road owned by Cleveland, St. Louis & Kansas City Railway Company on the date of sale, it had acquired about 10 miles from Central Missouri Railway Company and 6 miles by completing construction begun by that company.
The entire property of this company was sold May 10, 1890, under foreclosure of contractor's lien, to J. H. Bethune, who purchased it for himself and the American Construction Company. The consideration named in the sheriff's deed June 12, 1890 was $142,700. On March 5, 1892, Bethune and the American Construction Company conveyed the same described property to The Southwestern Company. The consideration named in the deed was $260,000.
The Central Missouri Railway Company was incorporated February 19, 1885, in the State of Missouri. No accounting records of the Central Missouri Railway Company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings or investments. However, certain data given below were obtained from its deed to its successor and the records of the Katy. The Central Missouri Railway Company was controlled on March 31, 1888, the date of sale, by J. T. K. Hayward, of St. Louis, Mo., and his associates, through ownership of a majority of its outstanding capital stock. On the other hand, the records do not indicate that this company then controlled any common-carrier corporation.
The railroad owned by the Central Missouri Railway Company on date of sale consisted of about 10 miles of single-track, standard-gage, steam railroad between St. Charles and Hamburg, Mo., and a partially graded roadbed east of St. Charles and west of Hamburg, all of which had been acquired by construction. The line was still in the hands of the United Railway Improvement Company contractors, on date of sale. In addition to the property described above, the Central Missouri Railway Company l;had acquired authority to construct bridges over the Missouri River at or near Arrow Rock, Mo., and St. Charles, Mo., originally granted by Congress to the Hannibal Southwestern Railway Company and to the St. Louis & Kansas City Short Line Railway Company.
The authorized capital stock of the Central Missouri Railway Company was $3,750,000 par value, divided into shares of $100 par value. How much was actually issued and the considerations received therefore were not ascertainable from the records obtained. The Central Missouri Railway Company issued $250,000 par value of first-mortgage 40-year 5 per cent bonds, maturing June 1, 1927. The consideration received for these bonds when issued was not ascertainable from the records obtained. By terms of the sale of the property to the Cleveland, St. Louis & Kansas City Railway Company, the latter company was to pay all the debts and liabilities, including advances made by the contractors, and assume the funded debt of Central Missouri Railway Company.
The St. Louis & Kansas City Railway Company was incorporated March 4, 1895, in the State of Missouri. No accounting records of The St. Louis & Kansas City Railway Company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings or investments. However, certain data given below were obtained from its minute book, contracts, and from the records of the Katy. The St. Louis & Kansas City Railway Company conveyed all of its property, rights, and franchises, excepts its right to be a corporation, to the Katy on July 31, 1895, and by indenture of consolidation, file April 24, 1897, the company was consolidated with the Katy. The St. Louis & Kansas City Railway Company was controlled on July 31, 1895, the date of sale, by The Southwestern Company through ownership of its entire outstanding capital stock. The Southwestern Company was affiliated with the Katy through that company's ownership of its capital stock. The railroad owned by The St. Louis & Kansas City Railway Company on date of sale consisted of an unfinished line then under construction, extending from Bryson to Holden, Mo., 32.39 miles. The construction work was performed by The Southwestern Company under an agreement of June 5, 1895. The road was completed about January 1, 1897.
The liabilities of The St. Louis & Kansas City Railway Company on date of the consolidation were as follows: The records of the Katy show that the securities of this company were retired in equal exchange for its stock and bonds.
The Southwestern MIneral Railway Company was incorporated September 22, 1894, in the State of Kansas. No accounting records of The Southwestern MIneral Railway Company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data given below were obtained from its minute book, contracts and records of the Katy. The Southwestern MIneral Railway Company conveyed all of its property, rights, and franchises except its right to be a corporation, to the Katy on November 23, 1894, and by indenture of consolidation filed July 13, 1896, the company was consolidated with the Katy.
The Southwestern MIneral Railway Company was controlled on November 23, 1894, the date of sale, by John A. James, contractor, through ownership of its entire capital stock except directors' qualifying shares. The records reviewed indicates that on July 13, 1896, the date of consolidation, it was controlled by The Southwestern Company through stock ownership. The Southwestern Company was affiliated with the Katy through that company's ownership of its capital stock. On the other hand, the records reviewed to do not indicate that The Southwestern MIneral Railway Company controlled any common-carrier corporation.
The property of the company was operated by The Southwestern Company from the date of its completion to May 1, 1895, on which date it was turned over to the Katy. The railroad of The Southwestern MIneral Railway Company was in the course of construction on date of sale. When completed it consisted of a single-track, standard-gage railroad, extending from Cherokee Junction to Mineral, Kans., about 17 miles. The entire road owned by the company on date of sale had been acquired by construction under a contract of October 30, 1894, made with John A. James, contractor.
The contract provided that The Southwestern MIneral Railway Company in consideration for construction of its road would issue to the contractor its entire authorized capital stock, except directors' qualifying shares, and also first-mortgage bonds at the rate of $20,000 par value per mile of road completed. It was specified in the contract that about 16 miles of road were to be constructed, but that the contract when called upon would complete construction of the company's proposed road to Joplin, Mo., for the considerable of $20,000 per mile, payable in bonds.
The records reviewed indicate that the liabilities of the company on date of the consolidation were as follows:
The Katy recorded its stock and bonds issued in equal par value in acquisition of the property of this company.
The Hannibal and Central Missouri Rail Road Company was incorporated February 13, 1867, in the State of Missouri. No accounting records of the Hannibal and Central Missouri Rail Road Company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data given below were obtained from the records of the Wabash Railway Company and from records and other information in possession of the Katy. The Hannibal and Central Missouri Rail Road Company was controlled on June 1, 1873, the date of sale, by the Land Grant Railway and Trust Company, through ownership of its entire outstanding capital stock. On the other hand, the records reviewed to not indicate that this company then controlled any common-carrier corporation.
The property of the Hannibal and Central Missouri Rail Road Company was operated by The Toledo, Wabash & Western Railway Company, a predecessor of the Wabash Railway Company, as leassee, from the date of its completion to the date of sale. The railroad owned by the Hannibal and Central Missouri Rail Road Company on date of sale consisted of a single-track, standard-gage, steam railroad, extending from Hannibal to Moberly, Mo., 70 miles. The entire road owned by the Hannibal and Central Missouri Rail Road Company had been acquired by construction during 1871-1872.
The records of The Toledo, Wabash & Western Railway Company indicate that it made certain advances to enable the Hannibal and Central Missouri Rail Road Company to complete its construction and equip the road, and upon completion The Toledo, Wabash & Western Railway Company took over the property for operation. The amount of capital stock actually issued or the amount of nonnegotiable debt actually incurred and the considerations received therefore were not ascertainable from the records obtained.
The Hannibal and Central Missouri Rail Road Company issued $768,000 par value of first-mortgage 7 per cent bonds, dated May 1, 1870, due May 1, 1890, and $32,000 par value of second-mortgage 7 per cent bonds, date May 1, 1872, due May 1, 1892. The considerations received for these bonds when issued were not ascertainable from the records obtained. In the purchase of the property of the Hannibal and Central Missouri Rail Road Company, the Katy assumed the above bonds.
The Tebo and Neosho Railroad Company was incorporated January 16, 1860, in the State of Missouri. No accounting records of the Tebo and Neosho Railroad Company were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain information given below was obtained from agreements, deeds, and records of the Katy. Tebo and Neosho Railroad Company was controlled on May 23, 1872, the date of sale, by the Katy through an agreement for exchange of stock and assumption of all liabilities. On the other hand, the records reviewed do not indicate that this company then controlled any common-carrier corporation.
The railroad owned by the Tebo and Neosho Railroad Company on date of sale amounted to 72.00 miles. It consisted of a single-track, standard-gage, steam railroad, extending from Sedalia to Moberly, Mo., In addition to the above this company had owned 110.50 miles of road, extending from a point on the Missouri-Kansas state line near Fort Scott, Kans., to Sedalia, Mo., which it sold on October 11, 1870, to the Katy. The entire 182.50 miles had been acquired by construction. The records of the Katy indicate that the construction work was performed by the Land Grant Railway and Trust Company, which was affiliated with the Katy.
The amount of capital stock of the Tebo and Neosho Railroad Company authorized at the time of incorporation, was $5,000,000 par value divided into shares of $100 par value each. How much was actually issued and the considerations received therefor were not ascertainable from the records obtained. The records of the Katy indicate that some of the capital stock was issued in exchange for bonds issued by various counties, cities and towns. In the sale of the 110.50 miles of road to the Katy, $3,657,500 par value of the outstanding capital stock of the Tebo and Neosho Railroad Company weas exchanged for an equal par value of capital stock of the Katy. In the sale of the remaining property to the Katy it was state in the deed that the Katy would issue one share of its capital stock for each 10 shares of Tebo and Neosho Railroad Company then outstanding. In acquiring this property the Katy issued $2,710,000 par value of its capital stock, but to what extent this stock replaced capital stock of the Tebo and Neosho Railroad Company is not ascertainable from the records obtained.
The Tebo and Neosho Railroad Company issued $1,991,000 par value of first-mortgage 7 per cent bonds and $1,400,000 par value of first-mortgage 7 per cent northeast extension bonds. The considerations received for these bonds when issued were not ascertainable from the records obtained. In the sale of the property, these bonds were assumed by the Katy.
The Saint Louis & Santa Fe Railroad Company, Missouri Division, was incorporated April 20, 1869, in the State of Missouri. No accounting records of the Saint Louis & Santa Fe Railroad Company, Missouri Division, were obtained. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. However, certain data given below were obtained from records and other information in possession of the Katy. The records reviewed did not indicate that the Saint Louis & Santa Fe Railroad Company, Missouri Division, was controlled by any inidivudal or corporation on May 29, 1872, the date of sale, nor, on the other hand, whether it then controlled any common-carrier corporation.
The railroad owned by the Saint Louis & Santa Fe Railroad Company, Missouri Division, on date of sale, consisted of a single-track, standard-gage, steam railroad, extending from Holden, westerly to the Missouri-Kansas State line, about 38 miles. The entire road owned by the Saint Louis & Santa Fe Railroad Company, Missouri Division, on date of sale had been acquired by construction during 1871.
The authorized capital stock of the Saint Louis & Santa Fe Railroad Company, Missouri Division, was $380,000 par value, divided into shares of $100 par value. How much was actually issued and the consdieration received therefore were not ascertainable from the records obtained.
In the deed of trustees of May 23, 1872, conveying the property of the Saint Louis & Santa Fe Railroad Company, Missouri Division, to the Land Grant Railway and Trust Company, it is stated that the railroad company had outstanding at that date $760,000 par value of bonds. The disposition of the bonds on date of sale was not determined.
The Neosho Valley and Holden Railway Company was incorporated May 7, 1870, in the State of Kansas. On the same date the Neosho Valley and Holden Railway Company entered into an agreement providing for the consolidation and merger of the company with the KAty which was done. The Neosho Valley and Holden Railway Company did not construct any railroad.
The Labette and Sedalia Railway Company was incorporated May 7, 1870, in the state of Kansas. On the same date the Labette and Sedalia Railway Company entered into an agreement providing for the consolidation and merger of the company with the KAty which was done. The Labette and Sedalia Railway Company did not construct any railroad.
The Missouri, Kansas & Texas Terminal Company of Kansas City was incorporated April 26, 1905, in the State of Missouri. The Missouri, Kansas & Texas Terminal Company of Kansas City was controlled on April 6, 1906, the date its property was conveyed, by the Katy through ownership of its entire capital stock excep[t directors' shares. On the other hand, the records reviewed do not indicate that this company then controlled any common-carrier corporation.
The Missouri, Kansas and Eastern Railway Company -- Predecessor of the Katy
Cleveland, St. Louis & Kansas City Railway Company -- Predecessor of the Missouri, Kansas & Eastern Railway Company
Central Missouri Railway Company -- Predecessor of the Cleveland, St. Louis & Kansas City Railway Company
The St. Louis & Kansas City Railway Company -- Predecessor of the Katy
Capital stock, par value $350,000
Funded debt, par value 658,000
__________
Total 1,008,000
The Southwestern Mineral Railway Company -- Predecessor of the Katy
Capital Stock, par value $600,000
Funded debt, par value 340,000
________
Total 940,000
Hannibal and Central Missouri Rail Road Company -- Predecessor of the Katy
Tebo and Neosho Railroad Company -- Predecessor of the Katy
St. Louis & Santa Fe Railroad Company, Missouri Division -- Predecessor of the Katy
Neosho Valley and Holden Railway Company -- Predecessor of the Katy
Labette and Sedalia Railway Company -- Predecessor of the Katy
Missouri, Kansas & Texas Terminal Company of Kansas City -- Predecessor of the Katy
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Last modified: Monday, 02-Jun-2008 14:07:27 CDT