CHICAGO, ROCK ISLAND AND PACIFIC RAILWAY COMPANY, an Illinois corporation operating besides the main parent fine of the same name the Chicago, Rock Island and Gulf Railway, the Morris Ter minal Railway, and under lease, the Choctaw, Oklahoma and Gulf Railway, the Rock Island, Arkansas and Louisiana Railway, the Saint Paul and Kansas City Short Line Railway, the Rock Island, Stuttgart and Southern Railway, the Rock Island and Dardanelle Railway, the Peoria and Bureau Valley Railway, the Keokuk and Des Moines Railway and the White and Black River Valley Railway, a total mileage of 8,330.17. The parent company owns the entire capital stock of all these companies with the exception of the three last on the list.
The parent company, The Chicago, Rock Island and Pacific Railway, was incorporated by act of the Illinois legislature, approved 27 Feb. 1847, under the name of the Rock Island and LaSalle Railroad Company, the intention being, as defined in the charter, to construct a line of railroad gfrom the termination of the Illinois and Michigan Canal' at LaSalle, Ill., to Rock Island, on the Mississippi River, and the capital stock was fixed at $300,000.
The charter amended by the legislature changing the name of the corporation to the Chicago and Rock Island Railroad Company, au thorizing it to continue its projected railroad by way of Ottawa and Joliet to Chicago and to increase its capital stock to $3,000,000, was ap proved on 7 Feb. 1851.
Construction was begun in April 1852, and the first passenger train was run from Chicago to Joliet, a distance of 40 miles, in October of the same year. The full line authorized by the charter, from Chicago to Rock Island, was com pleted and placed in operation in 1854.
The lines of the affiliated proprietary com panies were built subsequently up to 1906, and were leased or acquired for traffic operation by the Chicago, Rock Island and Pacific Railway Company. In 1915, on the application of the American Steel Foundries, a corporation, receivers were appointed to take charge of and operate all the railroads, lands, properties, assets, rights and franchises of the The results of the operations for the fiscal, year ending 30 June 1915 were as Total operating revenue (increase, $2,272,047.83,, or 3.3 per cent), $70,947,889.:: ; operating ex penses (increase, $1,885,794.78, or 3.7 per cent). $53,521,615.06; net operating revenue (increase. $386,253.05, or 2.3 per cent), $17,426,274.82; taxes and uncollectable railway revenue (increase. $50,110.43, or 1.5 per cent), $3,386,379.84; operat ing income, $14,039,894.98; miscellaneous income, $1,367,916.26; total income, $15,407,811.24; in terest and rentals, $16,142,487.76; balance of income carried to profit and loss — deficit, $1,734,676.52. The authorized capital stock of the company is $75,000,000. The amount of capital stock outstanding 30 June 1915 was $74,877,200; of this amount $517,477.50 was owned by the company and held in its treasuary. The total investment in road and equipment up to 30 June 1915 had been $319,565,234.80. The equipment on the same date comprised 1,674 locomotives of all classes, 1,163 cars in passen ger service, 45,674 cars in freight service, 4,469 cars in company's service, and 1 steamer.