New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-10-16

United states but due until maturity Of the principal
5000 ia SlO2,37i313.
At the close Of the fiscal year the Treasurer Of the
United States held account the sinking fund OF the
Central Pacific S2,4O4OlG, and Of the Union Pacific
~ $50 8Ds.
Investments have been made by the Secretary OF the
Treasury follows:
Character bonds Union Pacific Central Pacific;
FUNDED Iorn Of 1901 percent. a2G5O la9loo
Currency oiAts--.-..---.-...----.. "'l"Vp F'4'DVV
Eane2a s@59I@2 sITT55s SO %3
s754I65 si,5508G4
There remained in the United States Treasury on June
80 uninvcstcd the following amOunts: Credit OF Union
Pacific 355s 532; credit Of Central Pacific, SSiLG52.
TIE SINKING FUND NOT SUCCESS.
Tho report says That the sinking fund has not nc
cDmpshrd the result anticipated Il quite evident and
may be regarded a failure Of suitable invest
ment The last Investment for the Union Pacific was
made April g. 1881, at which time premium high az
thrynyc por cenum paid, but the company repeat
cdly protested against such high rates Of premium.
reference to the foregoing table will show that the sum
OF $3.50 100 has been invested at cost Of Sl2tOG5 or an
ls12thG amount IN the sinking iund unlnVostrd WAS
M '" ", TTs IN ~ t" nrnnv AZ Ills large
amount should be drawing fair rate or interest The
Der ~ 1882 the ~ S54l 800 having been invested
IN the funded loan OF 1891 continued mt 32 per ccntum,
Of premium OF per Centum The sum OF Sl,3l9,sOo
has been invested for this company at cost OF II 0564
On Juno 30, 1883 the amount In the sinking iund uml
vested was SS44B52 When the act OF 1873 providing
for tho investment Of the sinking fund IN United states
bonds passed. II evidently was not OrcSccn tlat inc
=" I ,,, ~ ~ 10 ~ n,,,rost " ~" ' -
INC , , 1 s iva nd m nr@Side for The
Investment OF the sinking funds In the first mortgage
bonds OF the companies such bonds have been Issued
to them 10y the United states or in other good and sum-
ciCut securities and for the conversion OF tue bonds OF
money at market and the reinvestment OF this
money into the list MORTGAGE bonds OF inc conT Vi
% m have m ,,n"Wnts cred into The Treasury
hE, ccr ~ nav rt t' or imrr.t ay pcr cent? per an
onn' certain iH," ., 'nrt,Ti ,S'y yc.tpr1ts pr@
mimi. ctc
lie neu the sussc,lon TO- coosas to commute the
dr NTH bond, Tito one ol fixed amounts. substituting
srp L,,i' The same Ian and Of fixed amounts and
,I. ~ f,,I ''fI. FOR fI'. nr'.,uf book account -
Eft, Ur -rrruit dIIfr of 4, hin ,rnnudyIug tHis
suggestion Ho recommends also III" appointment OF a
,nron, r,I,tu 10 tn. Embellishments of transportation
rates oyrs "r mon railroad. WITHIN On. Jni''" states 80
'.. '' ''.' '.''' ''
THE CENTRAL PACIFIC.
Nr.p."' 10 tho Central r''N' k'Fo'H company
the Commissioner reports; "l"r amount io""" ."'
'h" Government aa - per cent or 'h hoy '''I'..l-a
OF tH, subsidized portion of Tbs road Tor the year r'I
December ~, l~-2, was ~152'2'. ardn' when tho
company D. performed transportation service" ON .'d'I
and u.u.al lines amounting" FlN'l0"- .' '' N"'N
f.r retained by fNa Government, Leaving balance
r. commune for fI.f y.Ir OF s-g-.oI2. While the
"". ''. ...... '- ,.'.. ,.I mr.. .,r,.,ar
l"il '.' '"l h'',..t F. I.. f, r. ~. -..f.... has
W - '' . 49, .... .- ID, ISL Indicating
'.'. ...' s1.. ,, ..,' -rf r- IA r.I,,-
81, I '.''. '.'. 'N .'. ..' gu \,r..r Of miles
'".""'" 3D.. ''''I,...' 49, ~ ,','r r.ai aI.
u.u.,. %. m,., leased, 1902 ygsa-e number 81
miles gN' .lt.t uU'- 5g,'I, "'-.,'.-i . s'
>59255aooi per value 500 -Hp'liHlIy 1'a"19 ott-
standing, T-'a"~y; funded debt f'h'' l"S@j 9...
payable, >rfHj p: accounts p.5"h', F-,tIa;, ~
hospital fund, interest accrued on subsidy
houd- SO, lsu-'' ui.'.l accrued" Oul nov " ~"
funded drhtI 9l5l9CoJi i"iA HrDI iFbdLLGG'. /
4i57J5 CAPITAL sS TO ao S@ 09 d co sapis.
cost %, !"rr 9li g6. f'l ,f az 'Toli
I%rg1 req 40 ss 30 ' c.G gT ls' and sink
la Tar% SIot TG5 co os' also owns ln
and Waterfront M san !hh' SEQ OdhlaNu dit 49,
mru'o c,tarcda ST75OOOo The earnings for the nSca'
year ended June 80 all the roads oprat"d are W
ported follows: H'--nnrcrs TrI-o-9+i @ ~, ~,
total S-5O5,gI2 Operating expenses and rentals $40
DOb12ii net earnings 81 t.iGTi interest P'''
So'-O,a'o' dividends p'I'' @''''"'"O'
III" 'N''N '"O''0'
with respect 10 the Union Pacific Railroad Company
the Commissioner reports: The main line from Omaha u
ogden, {. now all laid with steel rail; grades and curva-
lures hni"" reduced and mrr" amount OF ballast mas
been Ibid Tho Kansas division main hue OF ''' miles
from hnusl, Cy 90 Denver la, 100 mio' oil stool '""
Business of the company increasing aud It's financial
affairs Iu ut good condition ia, twenty use ser '."""
or the net earnings of o subsidized pnu"no rodtor
year ended December 81, l,~2 amounts 10 92'o1-al-
Tuu-poatiou service. rendered by t company :" Che
Government amounted to9 ll3''Io' ~ ", "ui.n WIS WAS
g. Do, Kansas division uu the settlement "I per cgu
os get earnings for the Sam" p.rIol i"s 9l-V'-
$50 9uG Of witch payment demanded April -, 1883
me- 'olowmgi = statement OF the r"n .lI4 I I We
and land. l33".6g; ad luHl uu.uh,r DO miles -A0.- !
died with .ul. only 3'I I,l7rd 10 ',r ihl., I.,,
Company. miles; owned and operated during Tie year.
L-l3.~ mI,si si"gh issued, Tp"'-n7'"" Par .N"'g,
GI g3 y.,t $40; Hill, PAYABLE 81 800 900; discounts
payable eUG3,3S7 payroll, and vouchers, 81 igN'2
called gonI. r@@"oo interest 4'II"" g, - o, ,,