The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1881-01-05
UNION PACIFIC
A Statement of its Business
-. and Prospects.

New York, 4.-The annual report OF
the government directors Of the Union
Pacific Railroad, states the gross earn
irgs ofthe company for 1880 are estimated
at $25.c00, QUO. OF which the branch lines
earned about 81, 500 000 The Union
division probably earned SIS, 1900 and
the Kansas division $3.50 600, showing
an Increase over the previous year of
81, 549. 600 for the former 8 d large
proportiorate increase fr the latter.
This is accounted for by the fact that the
consolidation stopped competition and
allowed business 10 go into its natural
channels Of trar operation. The operating
expenses for 1880 are estimated at Al per
cent. on the Union division snd about
SO per cent on the Kansas division, in
Guiding renewals and taxes. The Pull
man sleeping car contract will expire
next year and, unless a new contract can
be made on q liberal basis In which The
railroad company will be largely
interested in the revenue received for the
use OF cars before the expiration of II g
contract, the railway company will con-
slider and determine the question OF run
ming its own sleeping cars.
Respecting the completion Of the
Atchison, Topeka and Santa Fe Rail-
road, the report speaks as fdliows: This
will make the competing line Of railway
through to California, about 400 miles
longer than ViG the Union Pacific and
Central Pacific TO San Franci co. 10
passenger travel eighteen hcurs' addi-
tional Time will be required to mske he
trip 70 San Francisco, and thirty-three
hours additional time for freight trans
portstlon. Hence, as quick transit, es-
peciAlly on long routes Of travel, is very
desirable and generally sought for, the
Union and Central Pacific Railway route
Will doubtless remain the faVorite route
for passenger travel and freight traffic.
The government directors are informed
that satisfactory business arrangement
will be made with the CONF eting line of
railway, and thus avoid undue COMPETE
ton for business. The government di.
rectors believe that the policy of building
and aiding to buid branch lines of rail-
road by this company that has been pur-
sued 10 the past years and ia still being
continued, was wias both in IFS conception
and In its execution, a. the trunk line of
railway has branch and feeding lines of
railway to support it, independent Of its |
tn ouEh business, which now amounts to |
but small proportion Of its traffic, viz. |
% per cent. They figure out the average
daily through California freight business |
over the Union Pacific between Omaha |
and Ogden in August, September, Octo-
Der and November, $50. At ihirty-three
cars each way, against twenty eight car
during the CORES ~. ding period in 1879 |
and sdd that, in their opinion, any loss |
Of through bu-ifess in 1881 in conse-
quence OF a division with the AtchisJ,
Topeka and Santa Fe Railroad, will be |
more than made up in the increased BUSH
ness that will be derived from its branch |
lines Of roads and It's local business. They |
favor consolidation and pooling, as tend
ing toward economy, gu OK transit and |
uniform rate, and in this connection state
that a consolidation with the Centr and |
Southern Pacific Railways has been in
formally considered, relative to which /
no satisfactory cOncluslon has yet be n
They add that, upon an equit-
able ba.is both fol the interest Of govern
msnt aud the respective railways, it
would be desirable.