New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-12-01
RAILROAD ACCOrNTs.
A EECOMsIENDA HON BIZ The AUDTrOR-THE BUILD
ING OF LINES WEST OF THE MISSISSIPPI.
GENERAL PRESS DIsPArCH.l

A RECOMsfENDA TION BIZ The AUDIrOR-THE BUILD
ING OF LINES WEST OF THE MISSISSIPPI
GENERAL PRESS DIsPArCH.l
WASHINGTON, Nov. 29.-The report of the
Anditor OF Railroad Accounts. portion OF which has
already been published IN HE TRIBUNE, makes
mendatlon III reg,rd TO the sinking Fund act
approved Nay = 1877. Il appears that it VAL be I'm
possible 20 have the settlement made contemplated
under tho provisions Of that act in time for the money
requirements paid into the Treasury by tine 1st
day February each year. Tue Auditor there Ore
that the day DE changed TO the LIST day Of
April in each year. sld also that the settlements and
payments for the Sinking Fund be required be made
sin-annuallT inAtead OF annually. he further recon-
nends mat the investments OF the sinking Fund be
thorzed be made The irsl mortgage bonds OF the
respective companies IN such Unted states
bonds as the Secretary OF the Treasury
may select sinking Funds are also
recommended by him to be established for TIE Kansas
Pacific rhe Central Branch Of the Union Pacific and the
Sioux City and Pacific Railroad Companies.
In order 10 prevent Misunderstanding TO the
locality Of his oil e. and make the title uniform
witn those ~ other bureau officers. IL Is recon-
mcndei that the title Of the Office OF the auditor
o. Railroad Accounts be changed 70 "CoMmis-
siOner OF Railroad Affairs"
For ter months ended October 81. there we're built
in the United States 1000 miles % new ,iroad- OF winch
1000 miles wet or the NJ -ssi-slpp RIVER
vi0us taxing of course only the nrst 81
year. ainnunted 90 only 900 miles, 10 Is remarkable
population IN tre West the facilities Afforded FOR aye
reduction and general Increase In railroad
business. passenger traffic has decreased. indicating az
the Auditor believes either that The people canno AFFORD
20 travel that railroad companies nave not YET
so yed the problem OF passenger TRANSFORMATION. The
re- ular work OF reporting the AUDITOR Ore br the
railroad cnnpainies been slmpled and reduced 10
a single -cml-annual return.
When lie present SINUS OF Tie Atcls0n, Topeka aud
Santa Re nair0ad aud The Union Pacific Road arr hnaly
rmiHcd. The Auditor sees no cause for further con
rest before the supr Court. aud reason why the
relations between the Government and the subsidized
aud Grant roads al ud not hc alc1 as 10 secure
20 the Government BY the railroads no the lowest
rate aud the railroad companies prompt settlement
and payment for the same
The Auditor recommends that tue time Ter the con-
ulerinn The Northern Pacific Railroad be extended
1--we years from july I. 1873
II IA also recommended that the Auditors Office be
emDoveTcd require The bridges and other structures
on he Pacific Railroads 20 ne put into proper condition
Another proposition r. that the several Departments
OF hr JvdrnIaen. be authnrizd AMI required 10 enter
annual contracts Will al suosid ze aud land ern
railroad companies Tor rates OF passenger aud freight
trans lAsriatun.
the Union Pacific Railroad Company does rs ex-
nres hunaas and derives or us rhfrefrOn, the
Central Pacific lets its express business 10 Wells Fargo
q Co. who appear uikc large portion Of the profit
tlat would otherwise swell the railroads total net
earuings Of which - cent PAYABLE 70 the Unied
STATES under the Thurman Law Oi ISIS. demand has
therefor. been made the vrcsidcn Of Wells Fargo
d o. Tor = return showing the amount of the net earn
ingz. etc. OF that company since November o. 1859.
upen which 70 claimed that per cent - due AID
ravahe 10 the UnteI stares deinand has also been
mafe on The Pullman Palace Car COmplnl for state.
meut OF their net the Union Pacific Railroad
since November q. 1869. n order TO ASCERTAIN the
amount OF per cent al the same. which 10 IL claimed Ia
dus 10 the United Etaiee-