Wikipedia:WikiProject Trains/ICC valuations/Duluth Union Depot and Transfer Company
Interstate Commerce Commission, Valuation Reports, Volume 25
The Duluth Union Depot and Transfer Company
[edit]Location and General Description of Property
[edit]The property of The Duluth Union Depot and Transfer Company, herein called the Duluth Union Depot and Transfer, consists of a union passenger station located in Duluth, Minn., including 0.230 mile of main track, 0.209 mile of second main track, and 2.354 miles of yard tracks and sidings, or a total of 2.793 miles of all tracks. The tracks are standard gauge and the operation is by steam equipment. The station and terminal facilities are used under trackage rights agreement by the Northern Pacific Railway Company, Great Northern Railway Company, Duluth, Missabe and Northern Railway Company, and The Duluth and Iron Range Rail Road Company.
Introductory
[edit]The Duluth Union Depot and Transfer is a corporation of the State of Minnesota, having its principal office at Duluth, Minn. While the present name of this company is that given, it was incorporated originally as The Duluth Union Depot Company. The Duluth Union Depot and Transfer is controlled by the Northern Pacific Railway Company through ownership of its entire outstanding capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controls any other common-carrier corporation. The property of the Duluth Union Depot and Transfer has been operated by its own organization during its entire life.
Corporate History
[edit]The Duluth Union Depot and Transfer was incorporated March 12, 1889, under the general laws of the State of Minnesota, as The Duluth Union Depot Company, for the purpose of acquiring and constructing a union passenger station and a system of transfer tracks for the accommodation of all railroads entering the city of Duluth, Minn. The name of the company was changed to The Duluth Union Depot and Transfer Company July 18, 1892.
Development of Fixed Physical Property
[edit]The owned mileage of the Duluth Union Depot and Transfer, amounting to 2.793 miles of all tracks, was constructed by it. Construction work was commenced in 1890, and the road was completed and placed in operation on March 1, 1892.
Leased Railway Property
[edit]The Duluth Union Depot and Transfer uses on date of valuation property owned by other companies, and other companies use property owned by the Duluth Union Depot and Transfer, to the extent indicated in the statement below. The description of the property, the terms of use, and the rentals accrued and charged or credited to income for the year ended on date of valuation, are as follows:
- Solely owned, but jointly used, used with—
- Northern Pacific Railway Company, Great Northern Railway Company, Duluth, Missabe and Northern Railway Company, The Duluth and Iron Range Rail Road Company—
- Entire property. The stipulated rental, which is billed against the tenant companies on the basis of the number of cars using the facilities, is an amount equal to the operating expenses, taxes, rents payable, interest, and dividends, less miscellaneous revenues. $107,245.51 rental.
- Northern Pacific Railway Company, Great Northern Railway Company, Duluth, Missabe and Northern Railway Company, The Duluth and Iron Range Rail Road Company—
- Solely used, but not owned, leased from—
- Northern Pacific Railway Company—
- One steam locomotive. ......
- Northern Pacific Railway Company—
- Jointly used, but not owned, owned by—
- Northern Pacific Railway Company— $10,572.15 rental.
- Tracks, 0.38 mile, between Tenth and Thirteenth Avenues West, Duluth, Minn.; no rental involved.
- Wye in Duluth, Minn., used for turning engines and cars; 0.50 mile; fixed rate per engine or car.
- Miscellaneous engine facilities at Duluth, Minn.
- Northern Pacific Railway Company— $10,572.15 rental.