Roger Daniels
UNIVERSITY OF SOUTHWESTERN LOUISIANA
and Dale L. Flesher UNIVERSITY OF MISSISSIPPI

THE CHICAGO, ROCK ISLAND AND PACIFIC RAILROAD COMPANY: AN EXAMINATION OF CONTINGENT LIABILITIES OF 1903-1904

Abstract: The issue about disclosing contingent losses arising from lawsuits has been an accounting problem for decades. Prior to 1953, there was no mandate for recording or disclosing such contingencies. In this study, the 307 court cases brought against the Chicago, Rock Island and Pacific Railroad Company during 1903 and 1904 are analyzed to determine the impact of nondisclosure in the annual reports. Despite thirty-nine of these cases involved deaths and fifty concerned injuries to employees or passengers, the simple dollar amount of total litigation does not meet a threshold of materiality. Under current reporting requirements, however, some of these cases would have been disclosed. From the relative size of the amounts in dispute, it does not appear that nondisclosure of contingent losses from lawsuits were significant enough to mislead investors.

INTRODUCTION

It has long been understood that accounting treatment of contingent liabilities could substantially impact the financial position of a business enterprise and directly affect decisions of financial information users. The accounting profession has pro-vided a framework for the recognition of contingencies. In 1975, the Financial Accounting Standards Board issued Statement Number 5 which establishes procedures for accounting for such contingencies. The Statement defines a contingent liability as an existing condition, situation, or set of circumstances involving uncertainty as to … possible . .. loss … to an enterprise that will ultimately be resolved when one or more future events occur or fail to occur. Resolution of the uncertainty may confirm the . .. incurrence of a li-ability (page 2).

Prior to Statement 5, the Committee on Accounting Proce-dure issued ARB 43 [1953] which updated previous work (1947) that provided the first authoritative source recommending accounting treatment for contingent liabilities. Before the work of the Committee on Accounting Procedure, there had been no definitive guidelines recommending accounting treatment for contingent liabilities. Business enterprises followed a wide array of methods of accounting for such obligations. Paton [1923, page 623] actually discouraged the accrual of contingencies by stating “Contingent liabilities should not be added to outright obligations on the face of the balance sheet.” Prior to 1953, many enterprises simply did not disclose or accrue contingent liabilities as a part of their overall financial position. Therefore, financial statement users made decisions based upon less than complete and, possibly, inaccurate financial data.

THE PURPOSE OF THE STUDY

The purpose of this study was to identify the contingent li-abilities of the Chicago, Rock Island and Pacific Railroad Com-pany (the Company) for the years 1903 and 1904. In addition, the impact that these contingent liabilities would have had on the financial position of the company was determined. The data for this analysis was obtained directly from the general counsel’s docket of the Chicago, Rock Island and Pacific Railroad Company. The docket was obtained at a private sale in St. Louis, Missouri in 1990 after the liquidation of the Company in 1985.

The docket contains a complete description of 307 court cases brought against the Chicago, Rock Island and Pacific Railroad Company for the years 1903 and 1904. Each case entry in the docket provides a complete narrative of the issues, motions, and actions of the case, monetary amounts demanded, and the outcome of each case.

This study examined the effects of the contingent liabilities of the Company if they had been disclosed in the financial statements. Thus, the null hypothesis formulated for this study was:

Ho: The contingencies of the Chicago, Rock Island and Pacific Railroad Company of 1903-1904 would have had a material effect on the financial position of the company if the contingencies had been fully disclosed in the financial statements.

HISTORY OF CHICAGO, ROCK ISLAND AND PACIFIC RAILROAD COMPANY

The Chicago, Rock Island and Pacific Railroad Company, originally named the Rock Island and LaSalle Railroad Com-pany, was incorporated on February 27, 1847 by act of the General Assembly of the State of Illinois. The Company’s original lines were constructed across the Mississippi River from Rock Island, Illinois to Davenport, Iowa.

In 1866, the Chicago, Rock Island and Pacific Railroad Company was incorporated in the state of Iowa for the purpose of acquiring the properties of the Mississippi and Missouri Rail-road Company. That same year, the Chicago, Rock Island and Pacific Railroad Company (in Iowa) and the Chicago, Rock Is-land and Pacific Railroad Company (in Illinois) merged into the Chicago, Rock Island and Pacific Railroad Company. As a result of the merger, the lines of the company ran from Chicago, Illinois to Council Bluffs, Iowa. By 1869, the Company had extended its lines to Omaha, Nebraska [Moody’s, page 883].

A major expansion for the company occurred in 1880 when the Chicago, Rock Island and Pacific acquired the Iowa Southern and Missouri Southern systems. After the expansion, the Company owned and operated some 1,380 miles of lines which connected two Missouri River points with Chicago as well as a line from Keokuk to Des Moines, Iowa.

In 1886, the company entered into a lease arrangement with the Chicago, Kansas and Nebraska Railroad. Under the agreement, the Chicago, Rock Island and Pacific would finance the construction of lines connecting Chicago with points in Kansas and Nebraska. A subsequent default of the Chicago, Kansas and Nebraska Railroad resulted in the foreclosure and acquisition by Chicago, Rock Island and Pacific. Through this acquisition, the Company obtained lines connecting its current system with Denver and the Indian Territory. In addition to this southwestern expansion, the company also began rapid acquisition of other lines in the northwest. In 1892, the company owned and operated 3,456 miles of lines extending through eight states and the Indian Territory [Van Oss, page 520].
In 1901, the Company devised a system of holding compa-nies. The parent company, the Chicago, Rock Island and Pacific Railway Company, maintained control of the twelve subsidiar-ies. During this period assets of the Company totalled nearly $1.5 billion. With this extremely capital intense operation, the company began an expansion endeavor that linked Chicago to the Gulf of Mexico [Stover, page 56].

Between the years 1892 and 1910, the company experienced very little substantial growth and merely maintained economic stability. However, in the early 1910s a high level of competition within the railroad industry resulted in lower profits and a greater amount of debt for Chicago, Rock Island and Pacific. A petition of insolvency was filed against the company in 1915 and the company operated under a receivership arrangement until 1917 when the properties were returned to corporate control. However, the company did not operate profitably for the long-term and filed for a reorganization under Section 77 of the Bankruptcy Act in 1933. A complete reorganization was granted and the company resumed business under the same name [Moody’s, page 884].

The company purchased the Pullman Railroad Company on January 1, 1950 for $1,175,000. In 1955, the company petitioned the Interstate Commerce Commission (ICC) to purchase a portion of the Wichita Falls and Southern Railroad Company. The acquisition request was granted and thus, the Chicago, Rock Island and Pacific Railway reached the pinnacle of its economic life cycle. The years 1955 to 1980 brought very little substantial changes for the Company. During this period, the company’s debt to equity ratio nearly tripled; thus, forcing the management to constantly confront the problems of meeting the maturing financial obligations.

Facing enormous debt, the company was forced to liquidate many of its holdings in the early 1980s. However, the Company was unable to recover from its severe cash-flow problems brought about by maturing debt obligations and decrease in profits from deregulation in 1980. In 1985, after defaulting on nearly $100,000,000 of long-term obligations, the board of directors voted to petition for complete liquidation under Chapter 7 of the U.S. Bankruptcy code. Thus, the Chicago, Rock Island and Pacific Railroad Company quietly went out of existence after 135 years.

ANALYSIS OF CONTINGENCIES

The records of the Chicago, Rock Island and Pacific Rail-road Company provide insight into financial reporting by early twentieth century companies. Specifically, the effects of not disclosing contingent liabilities in the financial statements can be examined through such records of corporate lawyers. Each case contained in the general counsel’s docket for the years 1903-1904 of the Company was analyzed, for a total of 307 cases analyzed by this study. The cases were categorized by the issues involved. Thirteen distinct categories of case types emerged from the analysis. The types of contingent liabilities are described below.

1. Loss of Shipments brought against the company by customers with claims of damaged or lost goods shipped on the Railroad. The most common type of claim in this category involved cattle.

2. Property Damage brought against the Company by parties alleging damage from locomotives or construction of raillines. Among the most common types of damages alleged were fires caused by trains, smoke damage, flooding due to poor drainage caused by construction, and noise damage.

3. Passenger Death brought against the company by the heirs or estates of passengers killed in railroad related accidents.

4. Employee Death brought against the Company by the heirs or estates of employees killed in job-related accidents

5. Personal Injury — Passenger brought against the Company by passengers injured while on railroad property.

6. Personal Injury — Employee brought against the Company by employees injured in work-related accidents.

7. Personal Injury — Third Party brought against the Company by individuals other than passengers or employees for injuries sustained from company related accidents.

8. Property Dispute brought against the Company by parties alleging ownership of property claimed by the railroad. The most common type of property dispute involved land.

9. Criminal Trespass involved charges against the company by parties alleging the Company illegally used or entered property.

10. Contracts involved claims by parties of nonperformance of contractual obligations of the Company.

11. Miscellaneous Actions involved a variety of suits for relatively small claims brought against the railroad. Common suits in this category included accounts payable disputes, passenger delays, dumping, polluting, and over-charge of freight fees. One case involved segregation of blacks and whites on the passenger trains.

12. Government Action brought about by the Kansas Railroad Commission to compel better service and to lower the railroad hauling fees. Also, this category includes a case involving expropriation of a Company bridge by the United States War Department. These cases do not represent pecuniary claims. However, they are discussed since they do impact the financial position of the Company.

13. Condemnation of real property for Company use. While these suits involved potential payments of funds, in substance, they do not represent contingent liabilities be cause the company brings the suit to gain property (assets). Therefore, the condemnation suits are not included in the contingent liability amounts for this analysis.

The total monetary amount of the contingencies identified in the analysis was $778,298 and $424,788 for 1903 and 1904, respectively. These claims ranged in amount from $3 to $50,000. The percentage of the total claims represented by each category was computed and is presented in Table 1. Table 2 presents the average (mean amount) of each claim asserted and the average settlement for each of the categories.
Table 1 Proportional Composition of Contingencies

Types of Contingencies (Freq) 1903 1904
$778,298 $424,788
Loss of shipment (80) 1.53% 1.22%
Property damage (45) 4.88% 6.52%
Passenger death (4) 10.37% 19.00%
Employee death (35) 8.35% 10.59%
Passenger injury (40) 48.79% 47.79%
Employee injury (10) 6.68% 4.00%
Third party injury (4) 7.07% 1.18%
Property dispute (7) 0.01% 0.50%
Criminal trespass (6) 5.00% 5.65%
Contract disputes (3) 5.24% 2.12%
Miscellaneous (25) 1.78% 1.44%
Government Action (3) * *
Condemnation (45) * *
(307) 100.00% 100.00%

Table 2 Average of Asserted Claims and Settlements

Types of Average Average
Contingencies Asserted Settlement
Loss of shipment S 285 S 92
Property damage 1,150 334
Passenger death 20,175 5,973
Employee death 13,400 3,830
Passenger injury 13,729 1,669
Employee injury 9,700 1,108
Third party injury 15,000 638
Property dispute 1,561 415
Criminal trespass 7,333 4,833
Contract disputes 20,380 325
Miscellaneous 797 205
Government Action * *
Condemnation * *

While passenger-injury claims represented the largest per-centage of contingent liabilities for both years, this category did not represent the most frequently asserted claim. Only 40 pas-senger-injury claims were brought against the Company during the two year period. Loss of shipment claims represented the most frequently asserted claims. The 80 loss of shipment claims, however, represented less than 2% of the total dollar amount of contingencies for each year.
The second most frequently asserted type of litigation against the Chicago, Rock Island and Pacific Railroad Company concerned property damage. However, the 45 cases of property damage also represented a relatively small portion of the contingencies that existed at the balance sheet date for the Company for both years (4.88% and 6.52%, respectively).

Passenger-death suits represented the largest contingency per claim. The average passenger-death claim was $20,175 and settlement of such claims averaged $5,973 per claim. Compara-tively, employee death claims averaged much less–$13,400 per asserted claim and $3,830 per settlement.

Injury suits followed a similar pattern. While the average passenger-injury claim totalled $13,729 and was settled for an average of $1,669, employee-injury claims amounted to much less. The average employee-injury claim asserted was $9,700 with an average settlement of $1,108. Thus, the analysis sug-gests that, on the average, contingencies arising from passengerdeaths and injuries were much greater than those for employ-ees. Passenger-death claims ranged from $10,000 to $30,700 while employee-deaths ranged from $2,000 to $25,000 (see Appendix 1).

While the average claims of third-party injury were higher than the other two types of injuries, settlements per claim were the smallest. Half of the third-party claims represented children injured while playing on or near the tracks. The other claims of this nature involved individuals injured while at railroad cross-ings within the city of Chicago.

Six cases of criminal trespass were brought against the Company during the two year period. While none of these cases were settled in 1903 or 1904, judgments against the Company for damages were rendered in subsequent periods. The average claim for trespass was $7,333 with settlements averaging $4,833 per claim. Interestingly, the settlement averaged almost as much as passage death settlements and even more than the average employee death settlement. The Company was found guilty in each of the six cases of criminal trespass.

The contract disputes involved construction contract claims against the Railroad. These claims were brought by construction contractors hired by the Company alleging nonpayment for services rendered. While the average claim asserted was $20,380, the average settlement was only $325 per claim.
The general counsel’s docket contained 25 cases which could not be categorized. Generally, these cases were not significant in amount. In total, these cases represent less than 2% of the total contingent liabilities of the Company for 1903 and 1904. However, one case included in this category deserves noting. The claim was filed on July 3, 1903 in Memphis, Tennessee by a white male alleging damages because the passenger railcar in which he was riding was not racially segregated. The individual was awarded damages of $100 although the initial claim represented $5,000.

MATERIALITY ASSESSMENT

The effects of the contingent liabilities on the overall financial position of the Chicago, Rock Island and Pacific Railroad were examined. The magnitude of the contingencies to net earnings, assets, and liabilities of the Company was assessed. The financial data of the Company were presented in the financial statements of the company for the years 1903 and 1904 and is presented below (Poor’s 1903, page 233 and 1904, page 257) in Table 3.

Table 3
Chicago, Rock Island and Pacific Railroad Reported Financial Data
1903 1904

Net Earnings $5,300,000 $5,700,000
Assets $142,600,000 $176,500,000
Liabilities $96,400,000 $103,200,000
Unreported Claims:
Contingent Liabilities
(identified in analysis) $778,298 $424,788
Actual Settlements
(identified in analysis) $33,220 $59,876

The contingent liabilities identified in the analysis repre-sented less than 1% of the total assets and less than 1% of the total liabilities for the Company for the two years presented. Actual settlements represented less than 1% of net earnings of the Company for both years. Therefore, this analysis implies that contingent liabilities for the years 1903 and 1904 were immaterial in amount. Thus, the results of the study fail to support the null hypothesis that the contingent liabilities of the Company were material in amount.

Although the analysis suggests that the dollar amounts of these contingencies may not necessarily be material, the nature of the contingencies may have warranted disclosure under today’s accounting standards. The criminal trespass rulings against the Company may suggest a problem of management integrity, and therefore, should be disclosed in the financial statements of the Company. The injury and death suits brought by employees and passengers may have indicated the degree of the overall safety of the operations and therefore, warrant disclosure. Full disclosure of government action to lower rates and compel better service may have been warranted due to the long-term implications on profitability of the Company. Thus, the disclosure of these contingencies could have potentially impacted the decisions reached by the Company’s financial-statement users.

IMPLICATIONS OF THE STUDY

There is no question that disclosure of contingent liabilities can potentially influence decisions of financial statement users. Prior to 1953, business enterprises followed a wide array of ac-counting methods for contingencies. Many enterprises simply did not accrue or disclose contingent liabilities in their financial statements. The Chicago, Rock Island and Pacific Railroad Company was one such enterprise which did not account for contingent liabilities during the early part of the twentieth cen-tury.

The effects of not accounting for the contingencies in the 1903 and 1904 financial statements are somewhat ambiguous. On one hand, the simple dollar amounts of the contingent li-abilities are not material. However, under current accouning rules, the nature of some of the contingencies would have war-ranted their disclosure in the financial statements. In any event, a framework of accounting standards for the disclosure of con-tingencies would have been a valuable tool for financial report-ing in the early twentieth century American business enterprise. The disclosure of the contingencies would have provided inves-tors and creditors better insights into the practices of the Com-pany. Thus, if the Company had followed the disclosure requirements of today’s Financial Accounting Standards Board Statement Number 5 Accounting for Contingencies, decisions made by financial-statement users could have been influenced. Thus, the contingent liabilities of the Chicago, Rock Island and Pacific Railroad Company of 1903 and 1904 would have been material.

While drawing inference from a sample of one is danger-ous, the large number of lawsuits and the serious nature of many of the lawsuits (death, injury, etc.) filed against the Chicago, Rock Island and Pacific Railroad without the simple dollar amounts of litigation rising to the materiality of disclosure threshold suggests that contingent liabilities from lawsuits were not a serious enough problem to warrant disclosure in the fi-nancial statements. Perhaps, nondisclosure by companies was the appropriate treatment of these contingencies at the turn of the century. It may be that only as settlement and judgment amounts for death, injury, criminal trespass etc. grew exponentially did disclosure and recording of contingent items become important for investors. This perception seems reasonable given the size of the average death settlements – $5,973 for passengers and $3,830 for employees – in 1903/04 versus the settlement figure for similar deaths today. Even adjusted for inflation, cause and insurance coverage, today’s settlements for deaths of employees and passengers (airlines for example) are much larger and thus material.

REFERENCES

Accounting Standards Board, Accounting Research Bulletin No. 43, Restatement and Revision of Accounting Research Bulletins, New York City: American Institute of CPAs (1953).
Bogen, Jules I., Analysis of Railroad Securities, New York, New York: The Ronald Press Company (1923).
Chicago, Rock Island and Pacific Railroad Company, General Counsel’s Docket (Years: 1903-1905), 200 pages.
Financial Accounting Standards Board, Statement of Financial Accounting Standard Number 5, Accounting for Contingencies, Stamford, Connecticut: FASB (1975).
Moody’s Investor’s Service, Moody’s Transportation Manual, New York, New York (1985): 883-887.
Paton, W.A., The Accountant’s Handbook, New York, New York: The Ronald Press Company (1923).
Poor’s Investor Services, Poor’s Railroad Manual, New York, New York (1903).
Poor’s Investor Services, Poor’s Railroad Manual, New York, New York (1904).
Stover, John F., The Life and Decline of the American Railroad, New York, New York: Oxford University Press (1970).
Van Oss, S., American Railroads as Investments, New York, New York: G.P. Putnam’s and Sons (1893).

The Accounting Historians Journal, June 1991

APPENDIX 1 THE CHICAGO, ROCK ISLAND AND PACIFIC RAILROAD COMPANY
COMPOSITION OF CONTINGENCIES 1903 AND 1904

Settle- Pending Settle- Pending ments 12/31/03 ments 12/31/04

Loss of ship (80) $7 to $1,993 $2,413 $11,928 $5,133 $5,185
Prop damage (45) SI5 to $4,000 $4,775 $38,000 $3,209 $27,679
Death-Pass (04) $10,000 to $30,700 SO $80,700 SO $80,700
Death-Emp (35) $2,000 to $25,000 $1,000 $65,000 $900 $45,000
Pass injury (40) $250 to $50,000 $15,406 $379,695 $40,146 $203,000
Emp injury (10) $1,000 to $25,000 $6,850 $52,000 $5,532 $17,000
TP injury (04) $5,000 to $25,000 $350 $55,000 $1,350 $5,000
Prop dispute (07) $75 to $7,600 $727 $2,400 $183 $2,100
Crim tresp (06) $5,000 to $15,000 SO $39,000 SO $24,000
Contracts (03) $9,024 to $31,736 SO $40,760 SO $9,024
Misc (25) $3 to $5,000 $1,699 $13,815 $3,423 $6,100
Govt action (03) * * * * *
Condemnation (45) * * * * *
TOTALS 307 $3 to $50,000 $33,220 $778,298 $59,876 $424,788

Daniels and Flesher: An Examination of Contingent Liabilities

APPENDIX 2 CHICAGO, ROCK ISLAND AND PACIFIC RAILROAD COMPANY

ANALYSIS OF CONTINGENCIES
1903 i AND 1904

Filed Description $Demand S Settle Date Place
06/23/03 Pers Injury-Pass $ 2,000 S 2,000 01/01/06 Superior, Io
12/20/02 Property Dispute 755 384 07/06/03 Jackson Co., Mo
02/02/03 Loss of shipment 35 12 08/05/03 Morgan, Mo
04/01/03 Loss of shipment 500 0 08/05/03 St. Louis, Mo
04/21/03 Loss of shipment 75 75 11/03/03 Montague Co., Tx
05/14/03 Loss of shipment 100 100 10/11/05 Mills Co., Ok
06/03/03 Property damage 990 200 04/07/04 Pottawa. Co., Ok
05/18/03 Employee Wage 84 83 07/24/03 Pottawa. Co., Ok
06/04/03 Loss of shipment 58 58 08/29/05 Weatherford, Ok
06/23/02 Property damage 4,000 833 11/27/05 I.T.-Ardmore
06/25/03 Property damage 90 0 08/07/03 Pottawa. Co., Ok
05/21/03 Employee wage 0 01/14/04 Custer Co., Ok
06/26/03 Pers Injury-Emp 20,000 1,500 02/01/04 Blkhwk Co., Ok
05/25/03 Employee wage 32 28 10/00/04 Pottawa. Co., Ok
06/03/03 Property damage 990 50 10/00/04 Pottawa. Co., Ok
06/18/03 Loss of shipment 166 0 10/01/03 Kaowa Co., Ok
05/25/03 Property damage 990 0 09/13/05 Pottawa. Co., Ok
10/09/02 Property damage 1,500 825 11/01/07 I.T.-Ardmore
06/26/03 Pers Injury-Emp 5,000 600 09/08/03 Blkhwk Co., Io
04/24/03 Property damage 900 900 11/04/04 Pottawa. Co., Ok
06/03/03 Property damage 990 300 04/07/04 Pottawa. Co., Ok
06/29/03 Loss of shipment 100 68 02/09/04 I.T.-Canadian Co
06/20/03 Misc (ejection of 2,000 0 01/09/06 Dickinson Co., Io passenger)
06/10/03 Employee wage 103 103 06/29/03 Hot Springs, Ar
10/09/02 Loss of shipment 74 73 09/04/03 White Co., Ar
06/25/03 Pers Injury-pass 250 196 09/22/04 El Paso, Tx
06/29/03 Employee wage 30 0 07/13/03 Dodge, Io
06/27/03 Employee wage 0 07/02/03 Davenport, Io
06/27/03 Employee wage 0 07/02/03 Davenport, Io
06/27/03 Employee wage 0 07/02/03 Davenport, Io
06/15/03 Property damage 3,125 0 09/10/09 Ok Co., Ok
06/24/03 Pers injury-pass 5,000 650 10/10/03 Mahaska Co., Io
07/03/03 Criminal Trespass 15,000 15,000 03/21/05 Cook Co., Ill
07/16/03 Property damage 1,500 300 12/21/05 I.T.-Marietta
07/27/03 Employee death 20,000 900 12/02/04 I.T.-Atoka
07/03/03 Misc (Non- 5,000 100 06/24/04 Memphis, Tn segregation)
07/18/03 Property damage 1,500 600 12/21/05 I. T.-Marietta
07/19/03 Property damage 500 425 04/12/10 I.T.-Tishomingo
07/02/03 Loss of shipment 170 115 10/07/03 Memphis, Tn
07/27/03 Loss of shipment 0 09/15/03 Ok Co., Ok
12/31/02 Employee wage 233 125 12/19/03 Little Rock, Ar
06/18/03 Pers Injury-Emp 15,000 250 07/05/04 Sebastian Co., Ar
12/05/01 Property damage 800 700 04/07/03 Little Rock, Ar
06/20/03 Loss of shipment 104 85 10/12/03 Garland Co., Ar
07/03/03 Criminal Trespass 5,000 5,000 09/09/07 Cook Co., Ill
06/04/03 Property damage 95 25 07/13/03 Poweshiek Co., Io
06/16/02 Property damage 100 63 07/09/03 I.T., Southern Dist
06/16/02 Property damage 100 47 07/09/03 I.T., Southern Dist
06/16/02 Property damage 100 47 07/09/03 I.T., Southern Dist
07/09/03 Pers Injury-Pass 25,000 350 09/18/03 Cook Co., Ill
07/14/03 Misc (tax dispute) 3 3 07/17/03 Cook Co., Ill
07/26/03 Property damage 0 06/03/04 I.T.-Red Oak
07/01/03 Pers Injury-Pass 20,000 7,500 12/02/08 Grant Co., Ok
07/07/03 Loss of shipment 40 42 10/01/03 Cass Co., Io
07/07/03 Condemnation 7 03/11/05 I.T.-Western Dist
05/25/03 Property damage 835 835 06/20/03 Pottawa. Co., Ok
04/14/03 Loss of shipment 96 96 12/09/03 Pottawa. Co., Ok
07/14/03 Misc (unknown) 200 0 07/14/03 Cook Co., Ill
07/13/03 Pers injury-pass 10,000 1,600 12/17/07 Will Co., Ill
07/13/03 Pers injury-pass 10,000 500 10/18/07 Will Co., Ill
06/00/02 Condemnation 650 07/08/03 Commanche Co., Ok
07/14/03 Loss of shipment 81 76 06/13/04 I.T.-Central Dis
07/13/03 Pers injury-pass 50,000 10,500 09/16/03 Jefferson Co., Io
07/09/03 Pers injury-pass 2,500 2,500 07/08/05 Shelby Co., Tn
07/08/03 Pers injury-emp 2,000 250 10/13/03 Wyandotte Co., Ks
07/09/03 Loss of shipment 50 53 09/18/03 Muscatine Co., Ks
07/16/03 Loss of shipment 313 313 09/14/03 Muscatine Co., Ks
07/13/03 Condemnation 150 05/25/04 Custer Co., Ok
07/13/03 Condemnation 200 05/25/04 Custer Co., Ok
07/15/03 Loss of shipment 287 168 12/08/05 Jackson Co., Mo
07/13/03 Misc (injunction) 1,500 1,500 07/24/03 El Reno, Ok
07/13/03 Employee wage 77 77 11/30/03 Pottawa. Co., Ok
07/02/03 Misc (delay of pass)) 1,900 30 12/00/03 Jackson Co., Mo
07/11/03 Property damage 15 10 02/30/03 R Mills Co., Ok
07/11/03 Property damage 94 35 07/30/03 R Mills Co., Ok
07/02/03 Employee wage 123 55 05/07/05 St. Louis, Mo
07/08/03 Employee wage 10 10 07/13/03 Dallas Co., Io
07/01/03 Pers injury-pass 5,000 50 11/25/04 Jackson Co., Mo
07/03/03 Property damage 175 75 12/28/03 Kansas City, Mo
05/11/03 Condemnation 150 10/02/03 Johnson Co., Mo
05/16/03 Condemnation 100 10/05/03 Johnson Co., Mo
05/16/03 Condemnation 50 10/02/03 Johnson Co., Mo
05/15/03 Condemnation 425 11/07/08 Johnson Co., Mo
05/15/03 Condemnation 35 09/29/03 Johnson Co., Mo
05/16/03 Condemnation 1,200 10/12/03 Johnson Co., Mo
05/16/03 Condemnation 50 10/02/03 Johnson Co., Mo
05/16/03 Condemnation 75 10/02/03 Johnson Co., Mo
05/16/03 Condemnation 70 10/02/03 Johnson Co., Mo
05/16/03 Condemnation 235 10/02/03 Johnson Co., Mo
05/16/03 Condemnation 50 09/29/03 Johnson Co., Mo
05/11/03 Condemnation 2,000 01/23/04 Johnson Co., Mo
05/11/03 Condemnation 475 01/23/04 Johnson Co., Mo
05/11/03 Condemnation 600 01/23/04 Johnson Co., Mo
03/31/03 Condemnation 2,272 04/25/05 Johnson Co., Mo
03/31/03 Condemnation 100 09/09/03 Johnson Co., Mo
07/18/03 Employee wage 0 12/03/03 Greer Co., Ok
07/16/03 Misc (overcharge) 15 12 08/04/04 Oklahoma Co., Ok
07/10/03 Property damage 60 29 07/11/03 Yell Co., Ar
07/20/03 Misc (dumping) 31 31 07/27/03 Cook Co., Il
04/13/03 Misc (obstructing 2,000 0 09/15/09 Logan Co., Ok Ave)
07/17/03 Employee death 25,000 1,000 01/09/05 I.T.-Central Dis
07/27/03 Employee wage 60 69 11/30/03 Pottawa. Co., Ok
07/16/03 Loss of shipment 500 206 02/03/04 Pottawa. Co., Ok
07/26/03 Property damage 7,600 168 07/26/03 Woods Co., Ok
07/22/03 Employee wage 39 0 09/10/04 Pottawa. Co., Ok
07/09/03 Loss of shipment 90 70 12/22/03 Pottawa. Co., Ok
11/21/03 Condemnation 493 11/21/03 Blaine Co., Ok
07/18/03 Pers injury-emp 2,000 0 12/31/03 Wyandotte Co., Ks
03/16/03 Property damage 80 50 02/10/04 Gage Co., Ne
02/13/03 Property damage 25 28 02/10/04 Gage Co., Ne
07/10/03 Property damage 75 0 07/20/03 Logan Co., Ar
07/13/03 Loss of shipment 104 0 10/17/04 Prairie Co., Ar
07/13/03 Loss of shipment 116 0 10/17/04 Prairie Co., Ar
07/13/03 Loss of shipment 104 0 10/17/04 Prairie Co., Ar
07/24/03 Misc (overcharge) 18 0 07/06/03 Pulaski Co., Ar
07/30/03 Misc (overcharge) 11 0 10/16/03 Hot Spring Co., Ar
07/01/03 Loss of shipment 12 13 12/23/03 Yell Co., Ar
07/08/03 Property damage 150 0 02/05/04 Sebastian Co., Ar
07/11/03 Employee wage 91 24 09/12/03 Saline Co., Ar
07/14/03 Employee wage 250 150 10/29/03 Logan Co., Ar
07/01/03 Pers injury-pass 1,000 400 07/02/03 Pulaski Co., Ar
06/30/03 Employee death 2,000 1,000 07/14/03 Pulaski Co., Ar
05/20/03 Pers injury-emp 1,000 0 08/27/03 Yell Co., Ar
05/30/03 Employee wage 23 0 09/12/03 Saline Co., Ar
06/06/03 Loss of shipment 22 0 08/20/03 Logan Co., Ar
07/09/03 Employee wage 2 7 07/12/13 Washita Co., Ok
07/27/03 Loss of shipment 20 15 08/17/03 Mills Co., Ok
07/25/03 Loss of shipment 84 34 11/16/03 I.T.-Central Dis
07/01/03 Condemnation 167 02/14/06 St. Louis, Mo
07/18/03 Pers injury-pass 5,000 200 02/10/04 Canadian Co., Ok
07/10/03 Property damage 1,020 230 11/11/03 Pottawa. Co., Ok
07/10/03 Property damage 1,246 625 04/15/04 Pottawa. Co., Ok
07/15/03 Loss of shipment 200 50 07/28/03 Daviess Co., Mo
07/18/03 Pers injury-pass 2,000 500 12/31/03 Wyandotte Co., Ks
03/14/04 Condemnation 170 12/16/03 Jackson Co., Mo
03/14/03 Condemnation 2,800 10/02/05 Jackson Co., Mo
03/28/03 Condemnation 605 12/28/04 Jackson Co., Mo
03/28/03 Condemnation 613 12/31/04 Jackson Co., Mo
03/28/03 Condemnation 592 12/31/04 Jackson Co., Mo
03/25/03 Condemnation 150 09/11/05 Jackson Co., Mo
03/28/03 Condemnation 150 09/11/05 Jackson Co., Mo
05/05/03 Condemnation 1,000 02/19/06 St. Louis, Mo
03/06/03 Condemnation 169 11/04/03 I.T.-Central Dis
06/04/03 Condemnation 50 11/04/03 I.T.-Central Dis
06/23/03 Condemnation 865 11/09/03 I.T.-Central Dis
06/23/03 Condemnation 567 01/16/03 I.T.-Central Dis
06/04/03 Condemnation 2 11/04/03 I.T.-Central Dis
06/04/03 Condemnation 97 11/04/03 I.T.-Central Dis
06/04/03 Condemnation 57 11/04/03 I.T.-Central Dis
06/04/03 Condemnation 8 11/04/03 I.T.-Central Dis
06/04/03 Condemnation 7 11/04/03 I.T.-Central Dis
03/07/03 Condemnation 13 11/09/03 I.T.-Central Dis
08/03/03 Pers injury-emp 10,000 1,500 12/28/03 Cook Co., Il
06/04/03 Condemnation 440 11/19/03 I.T.-Central Dis
03/06/03 Condemnation 9 11/04/03 I.T.-Central Dis
03/06/03 Condemnation 95 11/04/03 I.T.-Central Dis
08/01/03 Pers injury-pass 11,945 6,250 10/12/04 Smith Co., Ks
07/28/03 Pers injury-pass 2,000 0 10/06/03 Jackson Co., Mo
00/00/03 Loss of shipment 70 0 10/22/04 Comanche Co., Ok
07/27/03 Pers injury-pass 20,000 600 02/02/04 El Paso Co., Co
07/14/03 Property dispute 2,000 2,000 02/20/05 Cedar Rapids, Io
07/27/03 Property damage 644 459 09/28/05 Smith Co., Ks
07/27/03 Property damage 1,205 98 11/24/03 Smith Co., Ks
03/21/03 Property dispute 100 100 03/21/03 White Co., Ar
07/25/03 Property damage 1,500 56 01/15/04 Wyandotte Co., Ks
07/31/03 Employee wage 36 0 09/12/03 Ok Co., Ok
07/28/03 Property damage 1,020 800 11/07/06 Ok Co., Ok
07/29/03 Loss of shipment 401 0 02/18/04 Sedgwick Co., Ks
07/29/03 Pers injury-pass 2,000 500 12/31/03 Wyandotte Co., Ks
07/29/03 Pers injury-pass 2,000 500 11/20/03 Wyandotte Co., Ok
08/03/03 Pers injury-emp 2,000 2,282 07/18/07 Smith Co., Ks
08/07/03 Loss of shipment 18 21 09/02/03 Hardin Co., Io
04/07/03 Condemnation 500 200 03/11/04 Jackson Co., Mo
04/07/03 Condemnation 800 0 06/03/04 Jackson Co., Mo
08/07/03 Property damage 2,000 0 09/23/03 Dallas Co., Io
08/07/03 Loss of shipment 18 19 09/10/03 Linn Co., Io
08/10/03 Employee death 15,000 15,000 03/20/07 Jasper Co., Io
08/10/03 Property damage 30 13 09/05/03 Greer Co,. Ok
08/10/03 Property damage 75 35 09/05/03 Greer Co., Ok
08/05/03 Criminal trespass 7,000 4,000 09/17/12 El Paso Co., Co
08/05/03 Property damage 5,000 1,200 10/06/11 El Paso Co., Co
08/05/03 Criminal trespass 7,000 4,000 09/17/12 El Paso Co., Co
08/05/03 Criminal trespass 5,000 250 09/17/12 El Paso Co., Co
08/03/03 Employee wage 12 0 08/26/03 Pottawa. Co., Ok
07/31/03 Employee wage 92 0 09/04/03 Pottawa. Co., Ok
08/03/03 Employee wage 9 0 08/26/03 Pottawa Co., Ok
07/29/03 Loss of shipment 210 125 01/23/04 Case Co., Io
07/29/03 Pers injury-pass 15,000 1,125 01/13/04 Case Co., Io
08/04/03 Loss of shipment 9 4 08/10/03 Pottawa. Co., Ok
08/06/03 Employee wage 1,070 186 02/24/04 Linn Co., Io
03/25/03 Property damage 5,000 296 07/12/09 Logan Co., Ok
03/28/02 Property damage 4,425 1,250 07/13/03 Donley Co., Tx
08/01/03 To compel better service (govt) 08/20/03 Ks RR Commission
08/18/03 Criminal Trespass 5,000 750 03/28/05 Cook Co., Il
08/07/03 Misc (garnishment) 64 64 10/22/03 Shawnee Co., Ks
08/08/03 Pers injury-pass 10,500 550 10/04/07 Shawnee Co., Ks
08/05/03 Property damage 1,000 0 09/17/07 Davies Co., Mo
06/19/03 Loss of shipment 200 0 09/04/03 Cook Co., Il
08/12/03 Pers injury-pass 10,000 150 02/22/04 Linn Co., Io
08/10/03 Pers injury-emp 15,000 200 07/14/06 El Paso Co., Tx
08/10/03 Pers injury-pass 30,000 4,000 06/10/04 El Paso Co., Tx
07/19/03 Seize Prop (War Dept) 06/10/04 Washington, D.C.
07/00/03 To lower rates (govt) 08/15/03 Ks RR Commission
08/17/03 Property damage 1,950 700 11/28/03 Jackson Co., Mo
08/18/03 Loss of shipment 1,000 0 03/23/04 Grant Co., Ok
08/18/03 Loss of shipment 1,000 0 03/23/04 Grant Co., Ok
08/00/03 Property dispute 100 0 10/19/09 Clinton Co., Mo
08/17/03 Loss of shipment 384 0 10/05/04 Benton Co., Io
08/14/03 Pers injury-pass 25,000 10,000 11/22/06 Muscatine Co., Io
08/14/03 Death of passenger 30,700 10,281 05/20/07 Muscatine Co., Io
08/05/03 Employee death 5,000 1,250 12/09/05 I.T.-McAlester
08/17/03 Loss of shipment 82 18 05/19/04 Jasper Co., Io
08/25/03 Loss of shipment 0 09/04/03 Cook Co., Il
08/07/03 Death of passenger 10,000 3,500 04/10/08 Kingfisher Co., Ok
07/15/03 Loss of shipment 260 0 09/07/03 I.T.-Chickasha
08/14/03 Loss of shipment 225 225 02/27/04 Jefferson Co., Ne
08/11/03 Pers injury-pass 2,000 375 01/21/04 Jackson Co., Mo
08/10/03 Loss of shipment 356 140 02/00/04 Republic Co., Ks
08/14/03 Pers injury-pass 25,000 0 12/22/06 Clinton Co., Mo
08/06/03 Property dispute 75 75 09/29/03 I.T.-McAlester
08/10/03 Pers injury-pass 10,000 0 12/15/04 Jackson Co., Mo
08/05/03 Loss of shipment 375 0 11/06/05 I.T.-Atoka
08/13/03 Loss of shipment 70 35 05/21/04 I.T.-Wilburton
08/21/03 Death of passenger 25,000 0 06/19/07 Scott Co., Io
08/18/03 Pers injury-pass 50,000 0 05/09/04 Linn Co., Io
08/18/03 Pers injury-pass 2,500 0 05/09/04 Linn Co., Io
08/19/03 Property damage 600 1,000 106/06/04 Pottawa. Co., Io
08/20/03 Loss of shipment 296 296 09/17/03 Washington Co., Io
08/13/03 Employee wage 25 25 03/21/06 Elden, Io
08/27/03 Misc (A/P dispute) 27 27 09/01/03 Cook Co., Il
01/02/03 Contract dispute 9,024 650 03/16/05 Ok Co., Ok
08/11/03 Misc (overcharge) 17 24 11/03/03 Ok Co., Ok
08/06/03 Contract dispute 31,736 0 06/20/04 Ok Co., Ok
08/13/03 Pers injury- pass 5,000 105 11/02/05 Ok Co., Ok
08/13/03 Employee wage 32 0 10/13/03 Pottawa. Co., Ok
08/14/03 Loss of shipment 70 45 07/20/04 Ok Co., Ok
10/25/02 Pers injury-third 5,000 850 07/17/06 Logan Co., Ok party
08/18/03 Employee wage 24 8 10/21/04 Pottawa. Co., Ok
08/13/03 Loss of shipment 44 40 05/24/05 Pottawa. Co., Ok
07/22/03 Loss of shipment 499 386 02/29/04 Montague Co., Tx
07/22/03 Loss of shipment 858 312 11/06/03 Montague Co., Tx
08/10/03 Loss of shipment 512 360 06/13/04 Tarrant Co., Tx
07/27/03 Loss of shipment 682 0 12/05/03 Baylor Co., Tx
07/27/03 Loss of shipment 900 536 10/29/03 Dallas Co., Tx
07/03/03 Pers injury-pass 25,000 4,273 03/21/05 Montague Co., Tx
07/25/03 Property damage 900 390 02/21/05 Montague Co., Tx
07/14/03 Loss of shipment 219 0 01/23/05 Panola Co., Tx
07/27/03 Pers injury-pass 3,000 0 04/27/07 Jack Co., Tx
08/19/03 Pers injury-pass 30,000 0 12/04/05 Jack Co., Tx
07/13/03 Loss of shipment 1,200 300 03/24/05 Jack Co., Tx
07/21/03 Loss of shipment 548 345 02/03/04 Jack Co., Tx
07/18/03 Pers injury-pass 15,000 750 01/19/04 Young Co., Tx
07/16/03 Loss of shipment 402 402 02/23/06 Jack Co., Tx
07/01/03 Pers injury-pass 10,000 6,793 10/24/05 Jack Co., Tx
07/14/03 Loss of shipment 510 0 08/20/03 Jack Co., Tx
07/03/03 Loss of shipment 1,993 1,000 05/10/06 Tarrant Co., Tx
07/08/03 Pers injury-pass 5,000 488 12/29/03 Tarrant Co., Tx
07/16/03 Loss of shipment 450 0 08/20/03 Jack Co., Tx
08/13/03 Loss of shipment 1,000 400 03/11/04 Tarrant Co., Tx
07/23/03 Pers injury-pass 30,450 318 09/25/03 Jack Co., Tx
03/18/03 Loss of shipment 51 51 02/09/04 Denton Co., Tx
08/26/03 Property damage 3,950 1,100 09/30/04 Sarpy Co., Ne
08/25/03 Employee wage 158 95 04/00/04 Hardin Co., Io
08/20/03 Pers injury-pass 10,000 1,200 12/18/03 Ramsey Co., Mn
08/27/03 Property damage 400 400 07/10/05 Cedar Rapids, Io
08/27/03 Death of passenger 15,000 10,109 01/11/06 Scott Co., Io
08/22/03 Property dispute 300 183 06/03/04 Canadian Co., Ok
09/03/03 Loss of shipment 200 55 10/02/03 Cook Co., Il
09/05/03 Loss of shipment 72 09/09/03 Cook Co., Il
09/17/03 Pers injury-pass 25,000 1,200 01/27/04 Cook Co., Il
08/13/03 Employee wage 100 0 10/14/03 Ok Co., Ok
10/10/03 Misc (pollution ord) 200 10 10/14/03 Chicago, Il
10/10/03 Misc (pollution ord) 200 10 10/14/03 Chicago, Il
10/17/03 Loss of shipment 200 53 12/11/03 Cook Co., Il
09/11/03 Misc (A/P dispute) 200 0 09/18/03 Cook Co., Il
05/04/03 Pers injury-emp 25,000 4,500 12/20/03 Montague Co., Il
03/00/03 Loss of shipment 450 0 03/00/03 Grundy Co., Il
11/24/03 Loss of shipment 60 10 02/02/04 Cook Co., Il
11/02/03 Employee wage 140 0 11/21/03 Cook Co., Il
07/04/03 Pers injury-third 5,000 350 12/18/03 Cook Co., Il party
12/04/03 Misc (A/P dispute) 2,700 500 04/26/04 Chicago, Il
01/17/04 Loss of shipment 500 186 04/25/05 Cook Co., Il
01/06/04 Loss of shipment 200 15 01/16/04 Cook Co., Il
01/12/04 Misc (ICC fine) 200 200 01/12/04 Chicago, Il
03/29/03 Loss of shipment 200 109 01/27/04 Cook Co., Il
01/22/04 Loss of shipment 40 12 03/05/04 Cook Co., Il
02/10/04 Pers injury-pass 10,000 250 09/16/04 Cook Co., Il
02/06/04 Misc (pollution ord) 100 19 02/12/04 Cook Co., Il
03/14/04 Loss of shipment 1,000 1,000 05/28/04 Cook Co., Il
04/01/04 Misc (pollution ord) 100 15 04/07/04 Cook Co., Il
04/09/04 Misc (pollution ord) 100 23 04/23/04 Cook Co., Il
03/03/04 Miscellaneous 68 0 04/12/04 Cook Co., Il
04/18/04 Loss of shipment 200 32 04/21/04 Cook Co., Il
04/22/04 Miscellaneous 200 0 04/28/04 Cook Co., Il
03/23/04 Misc (improvement 2,477 2,477 12/22/04 Chicago, Il asst)
04/14/04 Loss of shipment 200 44 05/20/04 Cook Co., Il
05/23/04 Pers injury-third 25,000 675 06/29/04 Cook Co., Il party
04/23/04 Pers injury-third 25,000 675 05/26/04 Cook Co., Il party
05/24/04 Loss of shipment 100 45 06/13/04 Cook Co., Il
04/01/04 Loss of shipment 200 70 07/07/04 Cook Co., Il
06/03/04 Loss of shipment 1,000 200 12/13/04 Cook Co., Il
06/24/04 Loss of shipment 200 0 07/15/04 Cook Co., Il
06/08/04 Loss of shipment 7 7 07/29/04 Cook Co., Il
10/12/04 Loss of shipment 200 5 12/19/04 Cook Co., Il
12/26/04 Pers injury-pass 25,000 400 01/03/05 Cook Co., Il
11/23/04 Loss of shipment 125 125 11/28/04 Cook Co., Il
11/16/04 Loss of shipment 200 200 12/01/04 Cook Co., Il