The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1875-09-30
UNION PACIFIC RAILROAD.

REPORT OF THE GOVERNMENT DIRECToRs-
SUGGESTIONS As To IIs OBLIGATIONS TO TTIR
GOVERNMENT.
WASHINGTON, Sept. 1.-THE government df-
reetors of the Union Pacific railroad have filed
their annual report for the year ending July l.
1875 The gross recsipts Were 81, ,52lO2i, the in
crease over 1874 81 275369 the increase of net
earnings for the same time s57G 424 the operating
expenses s4,7Ss,6S0 There have been added to
the roadbed in the shape of iron bridges
depots, hotels, shops, etc, property costing
S3O3l,fO and rolling stock costing Sz75s2O .
which Is charged to the construction
account. One thousand and fifteen tons OF stse /
and 1910 tons OF iron rail have been laid down.
A rolling mill has been built by the Company
at Laramie and put in operation, reducing the
cost of rolling their rails nearly one-haf 1t
costs to mine the coal and put il on the car 81 90
per ton. The production OF une com oany's
mines last year ere lS56Sl tons. The cattle
shipped over the road from Cheyenne snd other
points Eastward employed 5Sf cars. ngainst 262
in 1874. This new traffic, the directors say, Will
be immense. The protection of the road against
obstruction by snow has been carried TO such a
degree that the risks are no longer greater than
between New York and Chicago. The means
adopted to prevent the re-oc surrence of wash
Outs are sufficient 10 diSpel any apprehensions
for the future They reporta reduction of the
Cebt asst year S07SUB and total OF g eD0Cq0 land
gra1t oohds Palo on slnce the completion OF the
road and they see no reason why this reduction
of the bonded debt should not be a steadily
CONTINUOUS and increasing operation, as the road
has now capacity of doing over double it's
present volume of business without any con-
siderable additional expenditure which may
not be met by its increasing revenues
and without any increase OF its bonded debt
This Increase they estimate eau ne run up to
500 per annum without any increase Of its
bonded debt. They give the history Of the
efforts Of the company TO compromise with the
government for It's obligations to it. They do
not specify any amount for which the govern-
ment should compromise, but call attention 70
the decision of the court OF claims that the gov
ernment would only withhold one-hRlf Of the
amount of Its business, and that the company
hold per cent. on the net earnings TO be paid
the government annually as q sinking fand for
the redemption of bonds, il there Is cot Eve
per cent. on the amount left TO divide among
the stockholders, and quote the Supreme Court
decisions in 81. John VS.. the Erie Railroad Com
paDy to sustain their position. They favor a
settlement by sem-annual ayments of some
fixed sum for period of years, TO constitute a
release of all claims ofthe government upon the
road for its advances and Endorsements. They
hold that at the end or thirty years the govern
nent will have saved in the item OF trans porta-
ton S56, SI6 SS2, and this without any allowance
for the natural increase of business beyond
what it was on the completion OF the road. The
mail service h-s increased ten tons per dey-
They conclude by saying that "Ths road Is a
vast and valuable property, well cared for and
we'll maintained, and capable OF returning
the government the investment which u has
made therein"