ACQUISITION OF CONTROL Continued.
LaFayette County Telephone Co., certificate of advantage and public
interest authorizing acquisition of control by Wisconsin Telephone Co.,
by purchase of capital stock, issued. Planning, engineering, and financ-
ing of extensive additions and betterments can be done more economically
and efficiently by Wisconsin Company, and subscribers will receive bene-
fits of improved facilities and more efficient operation. Purchase of
Stock of L. Teleph. Co. by W. Teleph. Co., 304.
Lehigh Valley R. R. Co., upon amended report, authority to acquire con-
trol of the Ironton R. R. Co., by purchase of capital stock at a higher
price than authorized in the original report, 82 I. C. C. 665, granted.
Since issuance of such original report, circumstances beyond control
of applicant, arising out of the segregation of various stocks and prop-
erties held by the Reading Company have made it impossible to secure
the Ironton stock, and the increase in price is justified by the increase
in value of the Ironton's assets. Control of Ironton R. R. by L. V.
R. R. and Reading Co., 299.
Louisville & Nashville R. R. Co., together with Atlantic Coast Line R. R.
Co., authorized to acquire joint control, by lease, of Carolina, Clinchfield
& Ohio Ry. Co., and its subsidiaries. Proposed control after connections
are made between L. & N. and the Clinchfield will result in added com-
petition among coal operators serving Carolina markets; will give
Carolina territory additional source of fuel in time of emergency, and
will result in added competition for traffic between that territory and
the Northwest. Clinchfield Ry. Lease, 113.
Missouri-Kansas-Texas R. R. Co., acquisition of control, by lease, by Okla-
homa City-Ada-Atoka Ry. Co., of part of a line of railroad owned by
the M.-K.-T., extending between Coalgate and Atoka, Okla., and author-
ity to acquire the right to use, jointly with the M.-K.-T., terminal
facilities of the latter carrier at Atoka, approved and authorized. Pro-
posed leased line forms a connecting link between Oklahoma City and
Atoka, and better service at less cost can be rendered the territory
served through operation by applicant than if operated by the M.-K.-T.
Lease of Line by O. C.-A.-A. Ry., 368.
Morgan's Louisiana & Texas R. R. & S. S. Co., acquisition of control of
Franklin & Abbeville Ry. Co., by purchase of capital stock, approved
and authorized. The Abbeville serves an agricultural community en-
gaged chiefly in raising sugar cane. Planters are unable, because of
the local rates, to market their product on other lines and must depend
entirely on refineries located on the Abbeville, and this has retarded
development of the territory it serves. The proposed acquisition will
remove this handicap, making possible a substantial reduction in rates
on sugar cane and other commodities. It will also result in better
service to those now dependent upon the Abbeville for transportation
facilities and in substantial economies in operation. Control of F. & A.
Ry. Co., 815.
ACQUISITION OF CONTROL-Continued.
Acquisition of control by Southern Pacific Co., by stock ownership
through purchase of interest of El Paso & Southwestern Co. therein,
approved and authorized. Control of the Southwestern system will
be in harmony with tentative plan for consolidation of railroads,
approved in 63 I. C. C. 455. It will result in direct physical con-
nection between lines of Southern Pacific and the Rock Island;
better coordination and more efficient and economical operation
will follow; and relations to traveling and shipping public and to
public authorities will be simplified and improved. Control of E. P. &
S. W. System and Securities by S. P. Co., 732.
Authority granted Southern Pacific Co. to issue common capital stock
and collateral-trust bonds, to be delivered to El Paso & South-
western Co. in payment for latter company's interest in the
Nacozari, which is to be acquired by Southern Pacific. Id. (732).
New Orleans, Texas & Mexico Ry. Co., acquisition of control of Inter-
national-Great Northern R. R. Co., by purchase of capital stock, approved
and authorized. Acquisition will effect large economies in operation
and strengthen general transportation system in territory served by
the two lines. Unified operation will result in improved service, with
tendency toward reduction of some rates through establishment of a
one-line haul. Moreover, proposed acquisition is in accord with com-
mission's tentative plan for consolidation of railroads. Control of I.-G.
N. R. R. by N. O., T. & M. Ry., 262.
Oklahoma Central R. R. Co., acquisition of control by A., T. & S. F. Ry.
Co., by lease, approved and authorized. The Oklahoma Company's
capital stock and funded debt is owned by the Santa Fe, and lines of the
Oklahoma Central are operated as part of the Santa Fe's eastern lines.
Continued operation by the Santa Fe will be more efficient than if
operated separately; such operation will make it unnecessary for the
Oklahoma Central to provide equipment and maintain an operating
organization; better service will result; and a substantial annual saving
will be effected. Lease of O. C. R. R. by A., T. & S. F. Ry., 759.
Oklahoma City-Ada-Atoka Ry. Co.:
Acquisition of control, by lease, of part of a line of railroad owned
by Missouri-Kansas-Texas R. R. Co., extending between Coalgate and
Atoka, Okla., and authority to acquire the right to use, jointly
with the M.-K.-T., terminal facilities of the latter carrier at Atoka,
approved and authorized. Proposed leased line forms a connecting
link between Oklahoma City and Atoka, and better service at less
cost can be rendered the territory served through operation by
applicant than if operated by the M.-K.-T. Lease of Line by
O. C.-A.-A. Ry., 368.
Acquisition of control, by lease, of Oklahoma City Shawnee Inter-
urban Ry. Co., approved and authorized. Territory traversed by
line to be leased can be better served by applicant than by the
Shawnee Company. If the latter were to operate its own line, there
would be a break in the service at Shawnee and the haul to and
from Oklahoma City would be a two-line haul carrying a higher
rate than a single through haul by applicant. Moreover, the service
would not be as expeditious or as cheap if handled separately.
Lease of O. C. S. I. Ry., 374.
ACQUISITION OF CONTROL Continued.
Oklahoma City Shawnee Interurban Ry. Co., acquisition of control, by
lease, by Oklahoma City-Ada-Atoka Ry. Co., approved and authorized.
Territory traversed by line to be leased can be better served by applicant
than by the Shawnee Company. If the latter were to operate its own
line, there would be a break in the service at Shawnee and the haul to
and from Oklahoma City would be a two-line haul carrying a higher
rate than a single through haul by applicant. Moreover, the service
would not be as expeditious or as cheap if handled separately. Lease
of O. C. S. I. Ry., 374.
Panhandle & Santa Fe Ry. Co., acquisition of control, by lease, of Pecos &
Northern Texas Ry. Co., excepting that part of the line extending from
Coleman to Sweetwater, Tex., approved and authorized. The Pecos
Company does not own any equipment and has no operating organiza-
tion. The Panhandle has sufficient equipment and adequate organiza-
tion to operate the line, such operation will be more efficient and
advantageous to the public than if separately operated by the Pecos
Company, and a considerable annual saving will result. Control of
P. & N. T. Ry., 789.
Pecos & Northern Texas Ry. Co., acquisition of control, by lease, by Gulf,
Colorado & Santa Fe Ry. Co. and Panhandle & Santa Fe Ry. Co., of por-
tions of the Pecos Company's lines, approved and authorized. The
Pecos Company does not own any equipment and has no operating
organization. The Gulf and Panhandle companies have sufficient equip-
ment and adequate organizations to operate respective lines; such
operation will be more efficient and advantageous to the public than if
separately operated by the Pecos Company; and a considerable annual
saving will result. Control of P. & N. T. Ry., 789.
Phoenix & Eastern R. R. Co., acquisition of control by Southern Pacific
Co. by lease, approved and authorized. A material saving in general
office expense and in salaries of divisional officers and employees will
be effected by the proposed consolidation of operations, and increased
operating efficiency, particularly in the distribution and movement of
equipment will result. Control of A. E. and P. & E. by S. P., 753.
Reading Co., upon amended report authority to acquire control of the
Ironton R. R. Co., by purchase of capital stock at a higher price than
authorized in the original report, 82 I. C. C. 665, granted. Since
issuance of such original report, circumstances beyond control of appli-
cant, arising out of the segregation of various stocks and properties
held by the Reading Company have made it impossible to secure the
Ironton stock, and the increase in price is justified by the increase in
value of the Ironton's assets. Control of Ironton R. R. by L. V. R. R.
and Reading Co., 299.
Salina & Santa Fe Ry. Co., certificate and order issued authorizing the
Salina & Santa Fe to acquire a line of railroad formerly owned and
operated by Salina Northern R. R. Co. in the State of Kansas, and to
issue common capital stock in connection with the purchase of said
properties; and authority granted the A., T. & S. F. Ry. Co. to
acquire control, by purchase of capital stock and by lease, of said
Salina & Santa Fe Ry. The acquisition of control and lease will result
in more advantageous operation than could be done by a separate com-
pany; will remove uncertainty as to future of the road; will result in
larger development in the tributary territory; and will tend to increase
farm values and assure shippers an adequate car supply. Acquisition
of Line by S. & S. F. Ry., 189.
90 I. C. C.
ACQUISITION OF CONTROL Continued.
Seaboard Air Line Ry. Co., acquisition of control of Florida Western &
Northern R. R. Co., under lease and by purchase of capital stock, ap-
proved and authorized. Acquisition of Control and Assumption of Obli-
gation by S. A. L. Ry., 531.
Acquisition of control of carriers comprising the El Paso & South-
western system by stock ownership, through purchase of interest
of the El Paso & Southwestern Co. therein, and by lease, approved
and authorized. Control of the Southwestern system will be in
harmony with tentative plan for consolidation of railroads, approved
in 63 I. C. C. 455. It will result in direct physical connection
between lines of Southern Pacific and the Rock Island; better
coordination and more efficient and economical operation will follow;
and relations to traveling and shipping public and to public au-
thorities will be simplified and improved. Control of E. P. & S. W.
System and Securities Issue by S. P. Co., 732.
Acquisition and control of Arizona Eastern R. R. Co. and Phoenix
& Eastern R. R. Co., by lease, approved and authorized. A material
saving in general office expense and in salaries of divisional officers
and employees will be effected by the proposed consolidation of
operations, and increased operating efficiency, particularly in the
distribution and movement of equipment will result. Control of
A. E. and P. & D. by S. P., 753.
Acquisition of control, by lease, by Georgia & Florida Ry., approved
and authorized. Chief industries in area served by line to be
acquired are manufacturing, cattle raising, logging, sawmilling,
cutting of crossties, production of naval stores, and farming, and
it is represented that with adequate transportation facilities a sub-
stantial output of crossties, manufactured lumber, and naval stores
should be shipped from this section. Acquisition of Line by S. N.
Ry., 413.
Upon supplemental report, previous report, 90 I. C. C. 413, acquisition
of control by Georgia & Florida Ry., by purchase of capital stock,
approved and authorized. Acquisition of Control by G. & F.
Ry., 703.
Tucson, Phoenix & Tidewater R. R. Co., acquisition of control by South-
ern Pacific Co., by stock ownership through purchase of interest of
El Paso & Southwestern Co. therein and by lease, approved and author-
ized. Control of the Southwestern system will be in harmony with
tentative plan for consolidation of railroads, approved in 63 I. C. C. 455.
It will result in direct physical connection between lines of Southern
Pacific and the Rock Island; better coordination and more efficient and
economical operation will follow; and relations to traveling and ship-
ping public and to public authorities will be simplified and improved.
Control of E. P. & S. W. System and Securities by S. P. Co., 732.
Wisconsin Telephone Co., certificate of advantage and public interest au-
thorizing acquisition of control of LaFayette County Telephone Co., by
purchase of capital stock, issued. Planning, engineering, and financing
of extensive additions and betterments can be done more economically
and efficiently by the Wisconsin Company, and subscribers will receive
benefits of improved facilities and more efficient operation. Purchase
of Stock of L. Teleph. Co. by W. Teleph. Co., 304.
ADDITIONS AND BETTERMENTS.
Alton & Southern R. R., authority to issue capital stock to reimburse its
treasury for expenditures made for additions, betterments, and ex-
tensions to its property, and to provide funds for completion of minor
projects, granted. Stock of A. & S. R. R., 363.
Baltimore & Ohio & Chicago R. R. Co. (Ohio and Indiana), authority to
issue refunding and general mortgage bonds, to be delivered to B. & O.
R. R. Co., in reimbursement of advances for additions and betterments,
granted. Bonds of B. & O. R. R. and Subsidiaries, 211; 286.
Baltimore & Ohio R. R. Co.:
Authority to issue refunding and general mortgage bonds, series B,
to be authenticated and delivered to it in reimbursement of ex-
penditures for additions and betterments made to its property and
to property of its subsidiaries, not heretofore capitalized, granted;
said bonds to be pledged and repledged from time to time, as col-
lateral security for any notes that may be issued under paragraph
(9) of section 20a of the act without commission's authorization
therefor having first been obtained. Bonds of B. & O. R. R. and its
Subsidiaries, 211; 286.
Authority to issue refunding and general mortgage bonds, series C,
to be sold and proceeds used in part to reimburse its treasury for
expenditures for additions and betterments, granted. Bonds of
B. & O. R. R., 311.
Baltimore & Ohio R. R. Co. in Pennsylvania, authority to issue refunding
and general mortgage bonds, to be delivered to B. & O. R. R. Co., in
reimbursement of advances for additions and betterments, granted.
Bonds of B. & O. R. R. and Subsidiaries, 211; 286.
Baltimore & Ohio Southwestern R. R. Co. (Illinois), authority to issue re-
funding and general mortgage bonds, to be delivered to B. & O. R. R. Co.,
in reimbursment of advances for additions and betterments, granted.
Bonds of B. & O. R. R. and Subsidiaries, 211; 286.
Baltimore & Ohio Southwestern R. R. Co. (Ohio and Indiana), authority
to issue refunding and general mortgage bonds, to be delivered to
B. & O. R. R. Co., in reimbursement of advances for additions and bet-
terments, granted. Bonds of B. & O. R. R. and Subsidiaries, 211; 286.
Baltimore & Philadelphia R. R. Co., authority to issue refunding and
general mortgage bonds, to be delivered to B. & O. R. R. Co., in reim-
bursement of advances for additions and betterments, granted. Bonds
of B. & O. R. R. and Subsidiaries, 211; 286.
Chesapeake & Ohio Ry. Co., authority to pledge general-mortgage and first-
lien and improvement-mortgage bonds, series A, as collateral security
for note made to order of Director General of Railroads, in connection
with final settlement between applicant and director general of certain
obligations, and to fund its indebtedness for additions and betterments
made to its property, granted. Bonds of C. & O. Ry., 39.
Chicago & North Western Ry. Co., authority to issue and sell general-
mortgage bonds, authentication and delivery of which was authorized
by commission in 86 I. C. C. 201, for purpose of reimbursing its treasury
for expenditures heretofore made for additions and betterments, granted.
Bonds of C. & N. W. Ry., 235.
Chicago, Rock Island & Pacific Ry. Co., authority to issue five-year gold
notes, to be sold and part of proceeds therefrom used to retire a maturing
note given to Director General of Railroads and remainder used to
reimburse its treasury for expenditures for additions and betterments,
not heretofore capitalized, granted. R. I. Notes and Bonds, 404.
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