The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1882-12-22
o. s. Railroad Commissioner's Report.


WASHINGTON, December IN.
In the annual report OF the Commissioner OF
Railroads for the fiscal year ended June ~
lSs. the commissioner says;
As rule the accounts OF roads are Kept IN
thoroughly COMPREHENSIVE aud business-like
manner. Members OF the bureau maze extern
sve Trips this year 10 inspect the vast proper
ues Oh tne numerous Donded ana iaho-graht
raiiroaos coming witnin its Jurisdcuon. DC
cideoiy neaitny Improvement IN construcuoh,
opefation anu business Is Hianiiesseo. Steei
runs are s"Dstitu'eo ior iron as rap'uiy as
Practicaoae' more ues 10 inc mie anu oI
super,or quahty, Dettei Iasteh nes anu gooo
paiiast oeing USED. briuges anu ouiiaihgs are
not oniy oeihe repaired anu renewed. Out gen
1iM9 inproseo or repiaceu win pe.'e, one.
hihoanAiienus anu gus are ueins ~iueheu,
sraues anu cur'a.u,eS reuuceI' anu seheIai
rnprovemen.s maue Us lar Us Pracucaoe;
lne pes' locomotives are used anu ,inp,ov ',.
P" ~, auu ca.s @ =, uu
a. lug unp'euen' .onSuo =. las
INC ip,as.. 'o"t "a o. ~
..,,,N' .,. ,,1 ,. a.
.aado y, esus .ne't nnes ~ seouo ne
..--.. ."p' .o 90 , s'-,II,'.
-, - m l.,.'ato,.. ~. ls .n.
-" =. - "A LII. e.. I'M .,,s..rs
y. 49, ...s.,... :, ...
- -. ~ ..aI. -.
uo,,,i,.,,na,.s sar;,,", go. ....s.n.',;a,s -.
,oir,.s ,,,;,, rs s,s ON. ~, ~. .s.", a.,. -,
mani. to nooo,,,,'o. ~ 100, ro,,,raa Co., tba
...',. =. ..,., -, I.'., - ~. ~
onp"iioo' III auoi'oh " INC re'eh'ioh VI 'ho
entlre compensation for services, are: Cen
trail Pacific, 81, 2S2 1854; Central Branch Union
Pacific 81 a5}. Union p, rifle sO1 Az. total.
40 10. ~, nv, -, ..a.t.S.., a.,
S~'io''fof. Tue tota' lhuep'euhess vi ,ne
several subsidized Pacific railroads to the
United States June 30, 1882 was: Union Pacific,
pripeipol s.a 200 go. n, ,crua1 ipterast sm-
aon ooa -. 80 90 10 C-s, n,a
ooo'sso; IotaI' So'ozo'oio' Cehtrai faclnc, prln-
cipal, 2,S'5,6SO: accrued interest, $4,Ss5, i3S;
total, So, 14O,Sl3; Sioux City & Pacific, princi-
mol q Goa aon. ocor,,o ;rtorost 2, AK ar total
=, ~, 90 60, ~, -, "a. -
Se''fo'.o', Cen'ra nrahcn y mon acIhc, Prih
cipal, $l,6OoOU; accrued interest, Sl,5O1, sOS23:
total $3lOl, SOS26, TRANSFORMATION services
nerformed and money r.id info the Treasury.
-, D..,a. ~, 10 COO. 60, n..e,s
Union racine tI-ootooD' CehtraI raclhc'
S8,04,565: Sioux City q Pacific, S9o,z1s; Gen.
trail Branch Union Paciti,,. sl3l 500: total. &ls-
soo IN, n,Ionoo q, f.yorof tho Tnited states
~ ~ az. ~ nv ", 90
put NOT que untii maturity: frlhcipai' loa''
1859, Sl0},34,7S8 The sinkng-fund accounts
amount, June 30, TO g., ,:s2i. The Commits
sioner says:
"This fund has q videntlv not accomplished
.., ,o,,t ,.;,;,,.,a 81 ,;,,o AL ,es,
may be regarded as having practically failed
for want of suitable investment. In view of
the low rate of interest returned from the
Investments made Inv the Secretary of the
treasury, deem at my duty 10 recommend
that Sec. 3, act of May I, 1878, be amended so as
to authorize the Secretary of the Treasury to
invest the sinking funds in first-mortgage
bonds of the companies, or such bonds as have
been issued to them by the United States, or
in other good and sufficient securities, and
convert the bonds now held by the United
States in said sinking funds into money at
market rates, and invest the same in like s.
curities. As many doubts have been expressed
Indebtedness at m,turity, and as to the eif-
cheney of the provisions Tor the sinking fund,
] deem it proper to suggest whether it may
not be profitable and highly Desirable with
the consent of the companies, to change the
form of their Indebtedness from a running
book account into settlement and actual de-
amount found to be due on n convenient day
say July ], 1883, at which time one-haif of the
interest will have been paid by the Uniteii
States: let the ascertained amount be divided
into saw one hundred senj-annual INSTALL
ments each to be represented by a redemp-
tion bond, one payabl, each six months, with
the debt. the lien to remain as II is.'
Tho rorort soys.
. i.p,,' s"'s
tho st sr,,t oI TLoau rates s, one OF
tne most dlincui5 anu ueEcale questi0ns 81
modern mes, and it is specially complicated
In inc United states; where every trunk ilne
-.
Wimn us own Jurlsuiction, anu Jcalous OF aii
interference by the General Government The
enormous extent or TINS interest ana the ra-
pldity OF It's growth. poth IN increase OF mile
age ana tonnage, demands tnat It's relation tp
the pubic snail De unGer some Judlcious legal
control Rates ana DETERMINATIONS are NOT en-.
tireiy within the arbitrary determination OF
the railroad companies. Ihey are SUBJECT TO
competitions whlch they cannot control upon
the ocean, upon the lakes and upon the rivers.
Ihe great iakes ana rivers, SO peculiarly aa-
vantageousIy locateh as 10 trade; win tnclr
numerous far-reachinR ana wldeiy-extended
navigable tributaries, carry water compe.
nuon into almost every portion or
the country, with the erect or so reducing
general rates that the United States enjoys
the cheapest railroad transportation in the
nations has been found, and it is undeniable