, 1876-12-27
Pacific Railroad Legislation Re.
viewed -.- Pending Issues
Between the Govern
mont and the Cotn~
pRny.
Gross Earnings Of the Road Bince 1b
Foundation, $73, 783, 16o.-.surplus
Earnings. 1888, ,6l4, l01.--
Entire indebtedness,
$78,6M, ,6l2.
The Company Cannot Pay the
F4rst-DIortgago Bonds.
Effort to Raise Passenger Bates to the
East-1ndignation Against Van
derbilt's Concession,
Probability that the New Agreement
Will Come to m Untimcly End.
UNION PACIFIC T,AILnoAD.

UNION PACIFIC RAILROAD.
Spec4di Dispatch to Tie Tribune
WASHINGTON, D. C., Dec. ab.-Thc Govern
ment Directors Of tho Union Pacific Railroad
Company have submitted their report to the
Secretary Of the Interior, In which thpy take
OCCASION to discuss certain subjects somewhat
outside OF the line Of duties en]oincd upon them
By tho statute, In order, as they Say, to place
before the Government more fully the great
national work with which they aro officially con-
neeted. They refer to the agitation. Immediate
" yafter tho close Of the Mexican War, Of tho
subject OF more speedy and direct commun!ca-
ton with our rncfc possessions, md to tho
Congressional Legislation which, ns far back as
from tho report Of tho Joint Select Congress
a!onal Committee then created, and to tho W.
sous schemes then considered for uniting those
extended possessions to tho East. Tho plan Of
Nr. Asa Whitney for connecting the two er-
t1cmcs Of American territory via the South
vest Pass wns made tho subject Of severe crit
ldsm In TINT report, The route was declarcl
tu,practlcablo; It Nus too expensive; II lay for
hundreds Of miles through barren waste;
there was no fuel on tho liue, and no water;
tho claim that travel and freight between
China, Japan, India. and Europe, would reach
Ncw York By such route, was pronounced
talIacious; tho way.tratIic would amount to
nothtnE, etc, etc.
Tho Directors tay that experience has played
bayoc with this report Of a very learned COM
mittcc. As months aud yonrs went by, and ns
Eastern emigration fountl its way into our
Western possessions, developing their won-
drous resources mud unfolding thctr fabulous
wealth, tho reasoning nt that report camo to ho
matrusted and disrcgnrded, md public opinion
pronounced strongly Ia favor df the construction
ot this road. Thn War OF the Rebellion hastcn-
I'd the Nation forward In the great work Of unit
tng the two oceans by rail. Congress gaye It
muu'accnt aas!s.anoe; and, once commenced,
tle work could not 60 on fast enough to satisfy
the longfngs Of tho people for its completion
Tho act Of July l, 1852, required the
road to be- completed by July !,
1874. Tlls requirement was anticipated BY
more than 17e years. The road travcrscs that
part Of tho Continent at first reported against
- tho most wild, barrch, Rul forbfddlng. When
The receipts from tho business OF tho road we're
1t first estimated, they included line reaching
iron, the Lakes to the Pnritic Ocean. But tho
unon rnei!1c line eliminates from this ca!tula-
tim tho vast empire lying between Lake Mlchl-
gan and the Missouri River, tho enormous blsi-
ness done by tho three great trunk-lineB con-
necting Chicago With Council Bluffs and Omaha,
md thu Central pnc1c Railroad Of Cultfortlin,
With Its moro than $1c, coo 200 Of annual REGENTS
And, with all this out Of the case. there Is lott
10 tic Union paclt|c line, R(onc, results In Rross
earnings, since 1t Uas opened to traffic, as fol-
lows: