Wikipedia:WikiProject Trains/ICC valuations/Salem, Winona and Southern Railroad

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The Salem, Winona,[sic] and Southern Railroad Company, hereinafter called the carrier, operates common-carrier property of the Missouri Lumber and Mining Company, consisting of a single-track standard-gauge steam railroad, extending from a connection with the line of the St. Louis-San Francisco Railway Company at Winona Junction to West Eminence, Mo. There are also two tracks at Winona, Mo. The total leased main-track mileage is 13.303 miles. In addition the carrier leases from the Missouri Lumber and Mining Company 1.450 miles of yard tracks and sidings. Its leased road thus embraces 14.753 miles of all tracks. The company has trackage rights over the tracks of the Missouri Lumber and Mining Company from West Eminence to Horse Hollow, Mo., a distance of 5.6 miles, and over the tracks of the St. Louis-San Francisco Railway Company from Winona Junction to Winona, Mo., a distance of 2.8 miles.

The carrier is an industrial railroad. It reports for the year ending December 31, 1917, that it handled 43,868 tons of freight, of which 35,176 represented products of forests. Most of this traffic was received from the Missouri Lumber and Mining Company which is controlled by the same interests as the railroad.

Capital stock and long-term debt.

CORPORATE HISTORY

The carrier was incorporated May 21, 1908, under the general laws of the State of Missouri for the stated purposes of acquiring the railroad of the Missouri Lumber and Mining Company in Shannon County, Mo., and of constructing, maintaining, and operating a standard-gauge railroad from Winona to West Eminence, Mo.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The carrier owns no railroad property. It solely uses for common-carrier purposes the 13.303 miles of railroad owned by the Missouri Lumber and Mining Company, extending from Winona Junction to West Eminence and that company's railroad property in Winona, all in the State of Missouri. The Missouri Lumber and Mining Company constructed the property above described with its own forces during 1906 and 1907. Parts of the rails and track fastenings used in this road are leased from the St. Louis-San Francisco Railway Company.

HISTORY OF CORPORATE FINANCING