The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-04-23
UNION PACIFIC DEBT.
Secretary Teller Demands Its Payment In
Full to january 1, Ss3.


Secretary Teller Demands Its Payment In
Full to january 1, SS3.
WASHINGTON, April 21.-The following is
the full text of the letter respecting the finan-
e:al difficulties now existing between the
United States and the Union Pacific Railroad
Company, which was to-day addressed by the
Secretary of the Interior to the president of
that company:
DEPARTMENT OF THE INTERIOR, I
WASHINGTON, April 81, 1883,
Sidney Dillon. ESQ, President Union Pacific Rail-
road, New York CITY:
Sir-rne Commissioner of Railroads, in q COM
taunlcation to me DARED the 18TH inst, submits
statements, copies of which are herewith iu-
closed, showing the cash requirement from your
company for the year ended December 1882,
under the act OF May z, 1873, to be $S25, ,905 81.
ADDED TO the net cash requirement. claimed from
your company TO Dec. 81, 1881, the amount now
clalned to he due the United States, after de-
quoting transportation services performed to
Dec, 81, 1882, is $l,727,742.54. In addition
10 the demands for payment OF various SINUS
already made for periods prior to Jan. /, l 2S2,
I demand payment on behalf of the United
States from the Uniun Pacihc Railway Company
Of the sum of 1925 905.5 81, which is the cash re-
qGirement from tine company for the year ending
pee. 81, 1882. Attention ls called TO the state
inent OF tile Commissioner, as follows:
The total balance claimed by the government
Rider all act of MAY z, 1878, up TO December 3 ,
1852, Is Sl,727, 7,742:54. II the whole amount
claimed by The company on account of contested
Items for new construction ana new equipment
lIe deducted, there would still remain un uncOn-
tested balance Of 81 1886, 82489, appears
rom the following statement, aud no part Of
which has been paid or rendered, except S69 :
3oS-S3 on July 26, 1881:
Total cash balance claimed by Gov
eminent tn Dec. 81, 1881 1.-...... 1901, 1897. .03
For year ending Dec 81, 1892. S25,905 81
Qeducttng25 per cent.
OF the amount claim-
ed by the company
fOr new construction
aud new equipment
TO Dec. 1881. S595,35996
Twenty-Five per cent.
OF same for iss2... 95.557.7o- 69O,9l7.6e
Balance due Government. 81, ,036, ,524. 80
1t the company has any defense TO this
lart or the cash payment required this office
rs not been informed of 1t. | desire also to
cSOf May z, 1873 which provides that .'n0 div
Idend elisll be voted, made or paid for 10 any
stOckifOi0Ar, or stockholders, in either SAM
companies respectively, at any time when SAID
company is said be in default in respect D pay
menGe Geither of sums required aforesaid J0 be
paid into said sinking fund, or IN respect of pay
ment OF D per cent. of net earnings" etc. II
your company should decline to accede to my
demand for payment OF the whole amount due
10 the United States, suggest that at least the
paymentof SO much OF the balance due the
company does not contest, viz 81, ,036,S24 So
he made without further delay and without pref
udice to the questions in controversy, which are
proper Tor 1udlci al determination. If the COM
pany should pay into the Treasury of the United
States the uncOntested balance as above de-
sire IL distinctly understood that the demand for
payment Of the whole amount as hereinhefore
stated, is not waived. Or course you must we'll
know that have not the authority to demand
or accept u less amount than is due to the United
States under the law. Yours respectfully,
H. NJ. TELLER, Secretary.