Ed, Railswest, and others:
Ed, thanks for those comparisons from the Moody’s manuals; I discovered those publications in the Duluth Public Library back in the late 1960s and early 1970s and found they were a wealth of information. Besides the obvious financial statistics, there was an abundance of information on mileages owned and operated, breakdown of freight car types, descriptions of equipment trusts and conditional sales agreements for acquisition of locomotives and freight cars, and detailed listings of trackage rights over other railroads.
The CGW entry mentioned that they had trackage rights into every endpoint terminal and had high fixed charges as a result. These trackage rights agreements had both a fixed “rental” component which the tenant railroad had to pay regardless of traffic, and a lesser “wheelage” component based on locomotive and car miles or ton-miles. Considering the lighter density of CGW’s operations over these segments, those fixed components were spread over a small revenue base and took a correspondingly high chunk out of revenue.
We looked at the Kansas City lines trackage rights situation previously; now we’ll look at CGW’s operations in the Twin Cities area, which appeared to me as as their most expensive trackage rights arrangement, especially in view of the revenue generated.
As the Great Western headed north toward the Cities, it first went through South St. Paul where it it had a yard (later improved by CNW and still in operation today) which was originally owned by the St. Paul Bridge and Terminal (purchased by the CGW in the 1930s). Continuing north, the next yard was State Street Yard in St. Paul proper, smaller but the location of CGW’s roundhouse and loco servicing. North of there, the main line crossed the Mississippi River on the Robert Street Lift Bridge (a mostly deck girder affair with a truss vertical lift span). At the south end of the bridge was the American Hoist & Derrick plant, but CGW got no business there as it was served