Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-12-15
Kansas City. seri1xGeIa ana Memphis
Springfield Mo.) PstrIO


In view of the public interest manifested
in the work Of construction of this line 10
the direction Of Memphis, and the erroneous
account Of it recently circulated By some OF
the 81. Louis newspapers, we deem it Of the
first importance 10 inform orr readers that
we have it from reliable authority that the
great enterprise is being rapidly pushed for
ward, and that by he 4th of July next
the road will be completed and in full ope-
ration between Kansas City and Memphis.
a gentleman connected with the line ar
rived IN this city last, evening, having tray
eled over the entire distance from Memphis
From him we learn that the track is COM
Pleted 40 miles from Memphis in this
direction; then a gap OF IL miles
on the st. Francis river bottom in.
tervenes. From the end of this distance
OF iucompleted line To the Iron Mountain
railroad, % miles, tue grade is completed
and the iron being laid By a large force ua-
der Mr.. Norton, one OF the contractors.
From be latter point, distance of miles,
10 the Black river bridge, I ht,- iron ia laid
and the road completed. From Black river
tSt the s. ale line, between Missouri and Ar
kansas, distance of 50 miles, all forces are
concentrated and the WORK is being vigorous
ly prosecuted. From the latter point 10 Cs-
bool-tbe present terminus of the completed
line from Springfield, distance OF go miles
the grading is ali completed, and the
track-laying is progressing at the rate of
mile day. Cabool is II miles east of
Springfield, and the total distance from this
place to Memphis is 286 miles. 1t will be
noticed from this detailed account Of the
progress of the work that. the estimate Of
reaching Memphis by the Alb Of July next
is not at ali unreasonable or exaggerated.
Our informant states that the
track.laying on Tuesday evening last
was advanced 3 miles south of
Cabool. The latter point is the
scene OF the greatest activity-being the
shipping point for the piDerles OF Dougl as
county, and the proposed junction of Salem
and other roads. The town is beautifully
laid out, with extensive switch room, a per-
manent turn-table is in place, yard eng ne
is to be kept there for switching purposes,
coaling chutes, a roundhouse and large Sec
tionhouss will be erected at once. -Four
large business houses are already in full blast,
besides number of small-r once.
what the Subsntszed s'asiac RaiIrasds
owe the United states.
The annsAI report OF w. II. Armstrong,
government commissioner of railroads, for
the fiscal year ending June 80, 1882, makes
the total Indebtedness of the several subs-
died railroads to the United States on that
date as follows:
Union Paci6c--Principal, $50 ,539, 512; &C
crnsd interest, SS0,oSO,oss 14s toial, s6S, 62O.-
$40 IA.
Central Pacifc-P, incipal, S27 ,s55, $50; ac-
crued interest, $24 2S5, 133 81; total, $50, l40-
813 81.
Sioux City and Pscl6c-PriDcipaI, 81 ,62S,-
800; accrued interest, 81 ,4I5.4f7 SO; total,
S3,04S,767 SO.
Central Branch Union Pacj6c-Priucipal,
$1,60O,OO0; accrued interest, II so, S08 26;
total, So, l01 sos 26.
Grand total, Sl21 ,9O6 900 10.
Total Credit-Transportati services per-
formed aud money paid INFO the treasury
Union Pacific, S12, $3.50, 603 25; Central Pa
clfic, 5000, 6S5 II; Sioux City and Pacific,
S95,27S 81; Central Branch Union Pacific,
-$13l, 566 70; total, SIS, 592,1l3 So.
Balance in favor of the United States, but
not due until maturity of the principal,
1895, 1899, Sos, 314,7S6 %.
In speaking of the Central Pacific, the
government commissioner gives the total
length of road operated by that company as
3036 mileR, of which 1204.5 miles are owned,
being the same as 10 the previous year, and
1831.35 miles are leased, being an increase
of BAL miles. The earnings of the road
during the fsesl year were SIS 1850, 146, an
increase of &, 1855, sol over the previous
year. The operating expenses were SIC. O42,-
All, an increase OF u, 529,907 over the ex-
penses for 1881. These 6gures show a de-
crease in the net earnings for the last fiscal
year of S73, 105. A large por ion OF this
increase in expenses, the commissioner says,
il due 10 the Improvement OF the track,
bridges and buildings, and to the substitu-
ton of steel rails for IRON, charged to operat-
ing expenses. On june so, 1882, the total
Liabilities OF the company, including $780,
275, 500 capital stock, were S175,773, 2S6 So,
and the total assets were SI74,451, 66l So,
leaving a deficit of 81 .321 1925 81. The
commissioner gives no opinion or intimation
as to the manner in which this company
will be able TO liquidate is Indebtedness TO
the government, or Recommendation Tor tn:
protection of the interests OF the United
States in This road.