Corporate Genealogy
Washington Terminal Company

INTRODUCTORY

The carrier is a corporation of the District of Columbia, having its principal office at Washington, D. C.

It is controlled jointly by The Baltimore and Ohio Rail Road Company and The Philadelphia, Baltimore and Washington Railroad Company, each company owning 50 per cent of the capital stock. On the other hand, the records do not indicate that this company controls any common-carrier corporation.

The property of the carrier, except the Garfield Park Branch, is leased to the following named companies, but is operated by its own organization for account of the lessees.

The Baltimore and Ohio Rail Road Company
The Chesapeake and Ohio Railway Company
The Philadelphia, Baltimore and Washington Railroad Company
Southern Railway Company
Washington Southern Railway Company
The Garfield Park Branch is used exclusively by The Philadelphia, Baltimore and Washington Railroad Company without formal lease.

CORPORATE HISTORY

The carrier was incorporated December 6, 1901, under the general incorporation act of Congress for the District of Columbia and special acts dated February 12, 1901, and February 28, 1903. The date of its organization was December 6, 1901.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The property owned by the carrier, consisting of a passenger station, together with terminal facilities, and 1.654 miles of standard-gage, steam railroad, located in the District of Columbia, was acquired by construction. Work was begun in June, 1903, and portions of the property were opened for operation on November 17, 1907, but the entire project was not completed until June 30, 1912. Practically all of the property was constructed by contractors who were not connected with the carrier.

TRAFFIC CONNECTIONS

The carrier has connections for interchange of traffic with all railroads diverging from Washington, D. C.

LEASED RAILWAY PROPERTY

Under agreements dated July 24, 1904, and October 24, 1907, the carrier leases its road and equipment to the following tenants:

The Baltimore and Ohio Rail Road Company
The Chesapeake and Ohio Railway Company
The Philadelphia, Baltimore and Washington Railroad Company
Southern Railway Company
Washington Southern Ralway Company
Under agreements the carrier receives as annual rental an amount equal to 4 per cent of an agreed value of its road and equipment, which at date of valuation amounted to $16,233,531.18. The rental is apportioned between the tenants on the basis of the respective number of engines and cars of each tenant in and out of the station. The rental received by the carrier for the year ending on date of valuation is $649,066.60.

Included in the property owned by the carrier is an express building wholly used under lease by the following companies:

Adams Express Company
Wells Fargo & Company
American Express Company
The rentals paid by these companies for the year ended on date of valuation aggregated $39,062.

In addition to the operation of its own property, the carrier as agent for the lessees, operates the Eckington Yard which is owned jointly by The Baltimore and Ohio Rail Road Company and The Philadelphia, Baltimore and Washington Railroad Company, and a connecting track at Virginia Avenue which is owned by The Philadelphia, Baltimore and Washington Railroad Company, and which the tenant companies lease from the owners.

The Philadelphia, Baltimore and Washington Railroad Company uses the Garfield Park Branch, consisting of 0.275 mile of yard tracks and sidings, without formal lease.


Original data source: Interstate Commerce Commission Valuation Reports Vol. 35 pp 122, 125-126, 133-134
Interstate Commerce Commission
Washington, DC
January 1932

Although published in 1932, the report is "...as of date of valuation" which was 30 June, 1915


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