New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-12-11

guion Pacific a99I G3 n
ponx cts aud Pacific ;...-......'-. 19922'5GG 20
tsntral branch Union Pache.......- lol''oo 20
......... Slsj02,113 50
,iac IN favor Of the United States but not due until
r,t, ~ the rripcipal. 1895, 1899, 033l47sG %
=, rearing Of the subject OF sinking fund accounts
,rn,b amounted ON June 80 last to S27lG,221 6s the
si,.ouer SAYS that u was not forcscen at the date
,he massage OF the aci that the premium on United
mates bonds would rise to the degree 1t has,
or were the late conversions OF bonds expected.
n view OF the OF interest returned from the
vetmens made by the Secretary OF the treasury the
Sontnis,0uer says deem II my duS 10 fccomuthu
ha section 3 OF the act OF May z ISIS, be so amended
~ si,horze the Secretary OF tie Treasury 10 invest
he sinking funds IN the FIRST mortglge bonds oi the
ompari or such bonds have been issued TO them
IN the United states, or IN other good ana suihcieh
gcuriiies and to convert tue bonds nov heu py nc
treasurer Of the United states IN sad SINKING luus mo
money &C market rates and relnves the same II lAe
Heare; NOT he GSep a ri highly
yth the consent tue companies to change me iorm
their lnd bteducSs from running bola account INTO
| settlement and actual delivery OF interest pe@Iint
S1nds for the ainOdnt found 10 be due on O3Veua'
fcs Viii nave he n paid by the United states Let Che
scerianed amount be divided into say 100 anAni
hstllments, each 10 be represented Dy REDEMPTION
,oad, payable eaea SIX mouths tSge{aer TiG &
tst upon the whole unpaid remainder VI tne
leo, the lien remain IS l. IS
RAILWAY SUPERVISION
The report says "Ihe adjustment OF railroad rates
Q one OF the most difficult and delicate questions OF
modern times and 1t Is specially complicated IN the
United States where every trunk line runs through sew
a States each independent within ITS own Jurisdiction
md Jealous OF all interference by the General Govern
peni The extent OF TINS interest,", ana the
Spdlty OF It's growth both in the increase OF mileage
hail under some iudiclous legal control what II
I,a Do and extent, questions upon which
hc most experienced experts differ aud as to whlch
9ere much popular "a pro- ,isT hound nm
n the prosperity Of the people can only be- dealt witn
NTH the utmost caution and upon the fullest informal
aOn. IL mas become d .tccS3-i.9 'n"' 80,
81 rates shall be controlled IN tue interests OF D0tn
he people aud the roads. Such wars l0r me
lime uIsettle, witnin their operation, commercial
iaues adOrding sudden and unreasonable prohtS TO
Therefore respectfully recommend that commission
le appointed take nlO consideration the wh0e qnes-
o aud report 10 Congress facts necessary for III
oigeut ana efficient action upon me SUBJ Ct .,
Iangerons dissulfarty of railway signals and recon-
mend the ADOPTION OF a uniform system
CONDITIONS OF THE SEVERAL ROADS.
The different railroads are next taken |
M in detail, beginning with the Central Pacific !
me total length of roads operated by this company
June 80 1882, was 3O36.35 miles, of which 1,2Oi5 |
les are owned being the same as in the previous year.
Ind 1881 80 milts leased, being an INCREASE OF
SI1 miles or the 1,2oi5 miles 0 owns land was
trlnted 10 aid In the construction OF 1Ol247 miles OF
klich SGOGG miles were subsidized "lth ZONES III addi
O% to the in "q Ss aeE BRIDGES 4G Od
lngs Steel rails are being laid to replace iron |
and business The earnings of the Central Pacific road
BY the T1P@ % 81 9e c over nc pre
oos year The oPsp1d9g expenses were O1
comparison OF the above results with those OF previous
years shows that the financial condition OF INC company
liabilities Of the company, including S59275 800 capital
stock were Sl7j 773,2S6 55, and the total assets were
5l66l 3d. leaving deficit OF ~ 32l go ~ me
land grant 20 this company Is estimated at l2,s224O0
acres wnch 25o55si 40 acres had been patented to
The company has sold 1,o3l,199.2l acres for |
Se southern Pacinc Company SO closely identified
with the Central Pacific system, ia building, under
TIE name Of the Galveston Harrisburg and San Antonio
Railroad, new line from III Paso connecting a. Hous-
lou with the Texas and New,Oreans ana Morg9ns
will make direct route from san francisco TO New
Orleans DISTANCE a. a pieSent ines
outlet Ofgreat value. MA ,,-,,-
A thorough investigation and examination of the prop
the result marked Improvement in tne condition
OF the property and increase In business the company
reports miles OF road, ali owned by IT, IN addition
10 wea Ire TGls % b niles we're re ' o1eUpd
during year Tie total Of land patented TO the
company 80, 1882, 3,4200l3.75. Their total
sales were 4,3l7 959.55 acres which amounted to |
SI93I244i So. The total grant land to TINS
pany, at present consolidated. Is estimated at 1900
The Oregon Short Line Railway Company will form an
important link the Union Pacific system OF roads and
tectiOn Of country The Utah and Northern Railway
Company successor of the Utan Northern Rail
ruad which was sold uuder foreclosure March 80 1873
aud at present extends from Ogden, ptah, TO
Butte CITY, Montana, distance Of Abba miles |
Tlis road is operated by The Union Paelc Railway Com
pany, which nearly the entire stock. and as IL
sOurce OF considerable revenue ia the near future.
At the close fiscal year tie Liabilities Of the com
S6O,s6s 5OO $2ZGs21,59O; net surplus,
So ,S3s The earnings were SzlU9l,627: increase
Sl2 O69 702; increase 1881 S594ss2 gam net
books ana accounts OF this company we're thoroughly ex
amned IN Bosom Twenty-Five per cent OF tue net earn
Tugs the died OF the Union Pacific for
year 1881 was found to be sl,s2G29I 99, aud
per Division Hfs Subsidy potion s5f 49, making ns
amount due the Government, ~ 0Oo.996 y om
whicn deduct transportation Withheld, $13l3,79i 80, |
leaving cash balance due the United states OF
Pacific Rairoad Company has been made aud great
prov emens noted last During The year end
American steel rails OF which 1s3 miles laid from
tneeast. and io2 N les from the west leaving rue two
he present rate Of construction Will be essened ABOUT
300 miles ny t9e close q me year Ae INA hs @
Ial Of 1883.
During the year the company expended for new con:
structlOn 47I2 70, and for improvements and
bestormenJs on the already constructed road |
ae u @
mont places the liabilities OF the company AZ
assets sI33,sS9.39s, surplus. S3,25s,4ss TIE |
earnings were $4,000 expenses. ss'S7HiS4o
gegate 100000 acres Of ndi 749oO9 o2 acres have
s ssso &c sSo 30 dis H. se
ents have been issued by the United states To- the com
n TsshiSson ferritory TIE COMPANY reports having
sold lands to June So 1882 for an amount aggegat
thR @l3 lUo,63o Z5 OF winch sales Tl4Zo9ol o. Wero
made during the year ending June 80, 1882.
The Inspection OF the Missouri Pacific railroad system
Showed roads In acory condition.
The operations Texas Pacific Railroad Company
during year ending June 80 1882 have been eIten
sye IN the enlargement aud addition to tts property, AS
evidenced that during that period 500 miles
OF track have been built, showing at the close OF
The fiscal year l369.s7 miles OF road also in
adding TO the equipment 81 engines, lS pas
tenger and 1888 freight The
liabilities OF the company the Goth of juno last |
were s7l sl5 aud the assets S597l1, 1885, def
sl vi, 1913 90 The earnings were $A523,OOo; ex-
penses, ~, AS, 944
Commissioner Armstrong remarks that the forego-
ing total OF assets does not include 4793SS5 acres