Wikipedia:WikiProject Trains/ICC valuations/Houston and Texas Central Railroad

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The railroad of the Houston & Texas Central Railroad Company, herein called the Houston & Texas Central, is a standard-gage, steam railroad, located entirely within Texas. It is single track except for 2.895 miles of double track on the line from Eureka Junction to Stella. The principal main line extends from Houston in a general northerly direction, via Dallas, to Denison. Between Nelleva Junction and Mexia Junction there are two main lines, one via Hearne and Bremond, and the other via Robbins and Jewett. The principal branches extend from Hemstead, via Austin, to Llano; Garrett to Fort Worth; Bremond, via Waco, to Ross; and Hearne to Giddings.

The Houston & Texas Central wholly owns and uses 855.404 miles of first main track, 2.895 miles of second main track, and 279.668 miles of yard tracks and sidings. Its road thus embraces 1,137.967 miles of all tracks owned, all of which it uses. It jointly and equally owns and uses with other carriers 0.543 mile of yard tracks and sidings, details regarding which are given in the summaries by accounts in Appendix 1.

No.	Name	Incorporation	Succession
1	Houston & Texas Central Railroad Company.	Under general laws of Texas, Aug. 1, 1889.
2	Houston and Texas Central Railway Company (2).	Under an act of Texas, Dec. 19, 1857. Organized Apr. 3, 1862.	The Main Line and the Western Division sold under foreclosure, Sept. 8, 1888, and transferred to 1, Apr. 1, 1890. Waco and Northwestern Division sold under foreclosure Jan. 18, 1889, to Wilbur F. Boyle; sold by him to 1, June 30, 1898.
3	Houston and Texas Central Railway Company (1).	See 4.	Sold at sheriff's sale, Apr. 2, 1861, to David H. Page and Wm. J. Hutchins, who reorganized as 2 under original charter.
4	Galveston and Red River Railway Company.	Under special act of Texas, Mar. 11, 1848.	Name changed to 3, Sept. 1, 1856.
5	Washington County Rail Road Company.	Under special act of Texas, Feb. 2, 1856.	Sold under foreclosure June 2, 1868, to Wm. M. Sledge, and conveyed by him to 2, Mar. 11, 1869.
6	Air Line Railroad Company.	Under special act of Texas, Jan. 30, 1860.	Consolidated with 5 under act of Jan. 30, 1860. Date of consolidation not known.
7	The Waco and Northwestern Railroad Company.	See 8.	Sold to 2, Feb. 4, 1873. Title conveyed by deed Mar. 31, 1873.
8	Waco Tap Railroad Company.	Under general laws of Texas, Nov. 5, 1866.	Name changed to 7, Aug. 6, 1870.
9	The Central Texas and Northwestern Railway Company.	See 10.	Sold to 1, Aug. 22, 1901.
10	Waxahachie Tap Railroad Company.	Under special act of Texas, Jan. 25, 1875.	Name changed to 9, Sept. 28, 1881.
11	Fort Worth and New Orleans Railway Company.	Under general laws of Texas, June 13, 1885.	Sold to 1, Aug. 22, 1901.
12	The Austin and Northwestern Railroad Company.	See 13.	Reorganized Apr. 20, 1888, under charter rights of 13. [and sold to 1, Aug. 22, 1901 ]
13	The Austin and North Western Rail Road Company.	Under general laws of Texas, Apr. 29, 1881.	Reorganized as 12, Nov. 7, 1887.
14	Granite Mountain and Marble Falls Rail Road Company.	Under general laws of Texas. Oct. 30, 1888.	Sold to 1, Aug. 22, 1901.
15	The Houston Railway Company.	Under general laws of Texas, Sept. 26, 1892.	Sold to 1, July 31, 1902.
16	Lancaster Tap Railroad.	Not incorporated.	Sold to 1, Sept. 30, 1905.
17	Hearne and Brazos Valley Railway Company.	Under general laws of Texas, May 18, 1891.	Sold to 1, June 1914. Deed conveying title executed Aug. 18, 1914.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the Houston & Texas Central, amounting to 855.404 miles, was acquired by purchase and construction, as detailed in the statement below. [...]

Acquired by construction:

Burnet to Lampasas, 1902 23.01

Nelleva Junction to Mexia Junction, 1905-1906 94.06

Giddings to Stone City, 1911-1913 39.27

Eureka to Stella, 1913-1914 9.51

165.85

Acquired by purchase:

From Houston and Texas Central Railway Company (2)—

Through F. P. Olcott, grantor—

Constructed by that company—

Millican to Denison, 1867-1873 257.47

Brenham to Austin, 1869-1871 93.69

Constructed by the Houston and Texas Central Railway Company (1), Houston to Millican 80.51

Constructed by the Washington County Rail Road Company, Hempstead to Brenham, 1856-1860 21.31

452.98

Through W. F. Boyle, grantor, constructed by the Houston and Texas Central Railway Company (2), for The Waco and Northwestern Railroad Company, Bremond to Ross, 1871-1872 55.30

From The Central Texas and Northwestern Railway Company, constructed by the Waxahachie Tap Railroad Company, Garrett to Waxahachie, 1875-1879 12.57

From the Fort Worth and New Orleans Railway Company, records do not indicate by whom constructed, Waxahachie to Fort Worth, 1885-1886 41.97

From The Austin and Northwestern Railroad Company—

Constructed by that company—

Burnet to Marble Falls, 1888-1889 16.50

Fairland to Llano, 1891-1892 29.40

Constructed for The Austin and North Western Rail Road Company, apparently constructed for that company by a construction company shown in the records as "DII Co.," the full name of which company has not been ascertained 60.18

106.08

From The Houston Railway Company, records do not show how or when the road was constructed, Houston to Houston Heights 3.13

From the Lancaster Tap Railroad, constructed by a receiver of the Houston and Texas Central Railway Company (2), Hutchins to Lancaster, 1889 or 1890 4.75

From the Hearne and Brazos Valley Railway Company, constructed by that company, 1891-1892; destroyed by flood in 1899; rebuilt in 1900-1901, Hearne to Stone City 18.61

Total 861.24

Less mileage acquired from The Houston Railway Company, which is classified on date of valuation as yard-track mileage 3.13

Less mileage abandoned at Waxahachie, 1903 1.71

4.84

Total recorded miles 856.40

Difference between total recorded mileage and mileage inventoried as of date of valuation, deduction .996

Mileage inventoried as of date of valuation 855.404

HISTORY OF CORPORATE FINANCING