Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1882-12-11
The Pacific Railroads and the Govern
mens.

The Pacific Railroads and the Govern
mens.
WASHINGTON, December 10 HIN his an
nusl report for tie year ending June S0th
the Commissioner of Pacific r ailroads speak:
a. SONS length of the general improvement
in the construction Of tracks and beds, a3G
the better style of equipment noted during
the year. lie continues The unprecedented
construction Of railroads the present year de.
serves very thoughtful consideration. The
Pacific companies are rapidly extending theiI
Gaes to secure the trade of rapidly developing
sections, or make through connections with
important distributing points, which viii
ultimately be Of great value to the main line
| The money applicable to the payment of in
| teres., per cant. Ct the net earnings and TIE
| sinking fund requirements, derived from
! transportation receipts, will be SIC SG4 04i
Tossl cash payments to December 81, 1881,
required from tbs companies, in addition t.
the retention Of the entire compensation for
services, are: Central Pacific, 81, 2S2, 26i
Central Branch of the U nion Pacific, 81 95S
Union Psc' fie, SOD. S97. Total, 81 1S6 05i.
The total Indebtedness Of The several subsi
died Pacific railroads 70 the United state;
on June 80. 1882. was /: Union Pacific. princi.
pal, S3S, $50, 5l2; accrued interest, IS. ESQ.,.
99S; total, S64 620,5I0. Central Pacific,
principal, S27, S55 $50; accrued interest, S24
235, 1873; total. So l40Sl3 Sioux City and
Pacific, prineipsl, SI,628, $40; accrued inter
sst. Sl,4l5, 447; total, So, CAS- 767. Central
Branch # the Union Pacific, principal, ST..
600 600; accrued interest, 81 sol sos &c; to-
tai, So. 101, sos 26. Transportation services
performed and money psid into the Treasury
Union Pacific, SD $50, COS; Central Pacific,
So. O0i, Cos; Sioux City and Pacific. 500 27S
Gentral Branch OF the Union Pacific, Sl3l,'
S6S Total S1S zoo 40 Ralapca IN
favor of the United States, but
not due until the IN .turity of thu
principal, in 1895 AMI 1899. S103 314 7S5.
The sinking fund amounted, June 30ih, to
81. 7l6, 22l, The Commissioner ssys: This
fund has evidently not accom- plished the re-
suit Anticipated, and SINGS April 1851, may
be regarded as having practically failed for
want OF suitable Investment. 10 view of the
low rate Of interest returned from the invest.
ments made hy the Secretary Ct the Treas
ury, deem il my duty to recon msnd that
section 5 of the Act of May Z, 1878. be
amended TO authorize the Secretary Of the
Treasury to inv5ss the sinking funas in first
mortgage bonds of the companies, or such
bonds % have been Issued to them by tie
u nited States, or in other good and sufficient
securities convert ire bonds now held by
the Treasurer Of the United States in said
sinking funds isto money at the market
rates, and invest the same il
like securities. As mary doubts
have been expressed as to the
ability OF the companies 30 meet the present
Indebtedness at maturity, and as to tie fiji.
cheney Of the provisions for the sinking fund,
L dsemi; proper to suggest whether it msy
not be profitable and highly desirable, with
the consent ct the c1mpaEies, 20 change the
form of their Indebtedness from a running
book account into settismens and the actual
delivery of interest beating bonds for the
amount found - be dGS on q convenient dsy.
say July l, 1855, at which tipe one-half of
the interest will have been paid by the United
States. Let the ascsriained amount be
divided into sag 100 semi-arnual installments,
each to be represeDsed by redemption
bond, one payable each six months, together
with the interest upon the whole unpaid re.
msinder of the debs, ths lien to remain as il H.
The Commissioner further says: The ad.
juss,nent of railroad rates is one Of the most
difficult and delicate questions OF modern
times, aud most complicated in thu United
States. where every trunk line runs through
several Ststcs, each independent within its
own iurisdiction, AID jealous of all interfer.
ence by the General Government. On &C.
count of the enormous extent Of this interest,
and also i.s Crosth, both 10 the increase of
mileage and tonnage, it is demanded that lis
judicious legal control Cf rates and disc,imi.
nations not entirely within the arbitrary de-
termination OF the railroad companies. The
Commissioner recommends uniform system
Of railway sigaals, in place of the present
cnes, which he deems dangerous, on account
OF similarity.
Postal Changes for the Pacific Coast.
WASHINGTON, December 10sh.-The fol.
lowing Pacific Coast postal changes are an.
nounced Offices stab!ished-Salkum, Lewis
county, Washington Territory, Jacob Benz
asch, Postmaster. Postmasters appointed
Birds Landing, Solano county, Cal, Marite
DeDkesPeil; Cana, Butte county, CAL,
Abram j. Ley; Castrovil!e, Monterey
Angeles county, Cal. Z. 2. Live.mcre East
Lake, Lake county, Cal. Charles J. Lights
ton Emigrans Gap, Piscsr county, Cal,
Mrs. Susan Cqffyn; l.os Cruces, Santa Bar.
bara county, Cal, Fl. E. McNealIy; lie.
moore, IglaIe county, Cal, Clarence w.
COPELAND; Mariposa, bissiposa ca1nty, Cal,
John T. Harris; Mountain View, Santa
Clara county, Cal, Theodore Haidmeyer
Whites Bridges. Fresno county, Cal, James
R White; Wn2hts, Santa Clara couaty,
Francis NJ Blochfeld.
Official Crookedness,
LOUISVILLE tKy.h December 10Th. - a
committee of the Ciy Council has been in.
vestigating the Tax Collectors Office for 1879.
1t trans pred that there was collision among
some of the employees OF the Collectors and
Assessors Offices, whereby about half tie
revenues were pccketed and covered by false
entries. George Levi, now Assistant Fire
Chief, was one Of the clerks in the Second
District az that time, and a man named Part
man was cashier in the Collectors Office He
is now in Lssdville, and o subpoena has been
ordered for him. City Auditor Hinke is also
said TO bs implicated. The bottom, it is said.
has not yet been reached. /. is stated that
tax bills to the amount of 1900 have been
duplicated by forgery AID turned in as part
sales. The officers implicated deny all the
charges. TIE shortage for 1879 was about
S61. 600. A member of the committee says
1t will probably reach 500. 600.
Plenty CT Volunteers.
WASHINGTON, December I0th.-Recensly
the Belgian Government Inquired of the NAVY
Department if three United States naval
officers could be secured to superinteBd the
explorations being made by the Belgians on
the African coast and along TIE Congo river
Thirty young naval Cfficsrs have made appii
cation, aid are willing to resign their COM
lnissiois to accept this service.
a New Complication.
WASHINGTON, Denember 10sh.-A new
con pication has arisen in tie matter of the
case between Manning and Chalmers. Word
comes from the Governor CT Mississippi that
be will consider the refusal of certificate hy
Manning as multiplying the election, and will
order new election, and disregard any con-
test that msy be pending in Congress.
Woman sho: Through a Window and
Killed.
ST LOUIS, December 10sb.-Charies l..
Lamb, well connected, aad q grandson of
Claibo-na f. jackson, the noted rebel Gov
ernor of Missouri. entered the house Of a man
named Hull, with whose wife, it is said, Lamb
was Intimate before her marriage. A row
ersued, and Limb was knocked down and
dragged out. He reeled around the house,
fred through window and killed Mrs Hull.
He was arrested on a charge CT murder.
GuItsau's skcieiOn-The Potomac Frozen.
WASHINGTON. December 10lh.-Dr. Yer.
row, U. ). A, says that Guiteau's renaius
are ready TO be turned over to the person
whom the Courts shall designate as ebt:.lsd
to then.
The Potomac is frozen solid from Analysis
Island 30 Little Fslis--urprecsdented within
the memory of the Oldest citizen.
Woman Suffrage Convention - Famous
Photographer DeGd.
WASHINGTON, DECEMBER l0th.-T6e Fed.
erel Woman's Suffrage Convention will be
held here