New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-04-22
RAILROAD INTERESTS.
UNION PACIFIC INDEBTEDNESS.

UNION PACIFIC INDEBTEDNESS.
TIE SECRETARY OF THE INTERIOR DEMANDS PAY
MENT FROM SIDNEY DILLON.
WASHINGTON, April 21.-The following is the full
text of letter respecting the financial differences
between the United States and the Union Pacific
Railway Company which was to-day addressed by
the Secretary of the Interior to Sidney Dillon presi
dent Of that company:
The Commissioner of Railroads, in a communication 10
me dated April 1S, submits satementscnpes OF which
are herewith INC oSed-shOwing the CASH requirement
iss9 the act Of Nav ISIS to he $4,000 81
ADDED to the net cash requirement claimed from your
to due the United States after deductng ranspor-
taton services performed, TO December o. looZ, Is
o various already made for periods prior to Janu
airy l. 1882 demand payment on behalf of the United
States fro The Union Pacific Railway Com pany OF the
sum OF Ss25,905 81, which il tie cash requirements
from the company for the year ending December 80,
Attention is called to the statement Of the Commits
sioner as follows: The total balance claimed by TIE
Government, under tie act 0f May z 1873 up to De-
c4mber 81 1882, 81, 727742 "a II the whole amount
claimed 10y The company on account OF the contested
items Tor new cOns1i nction ana new equlpueh.
le deduciel, there would still uucUnterted
balance 036,S24 IS, as appears from the following
atemen ana u" palt OF Wnicn Its pven ad " ten
dered exc pit the SG933S SO on July 20, 1851. Total
casa balance claimed Dy the Government TO Decembfr
n ISL 1901 s37 O3; for the year ending December
n 1852 1919 800 81 total. Sl,727,712 81; doducpg
% Der cent of amount CANNED by the company Tor new
construction and new equipment to December J. ISL
$595 1859 96 and p per cent Oh same ,or ISIS
bD.DD ~,
81 036 s24 So Ii the company has any defence TO This
part Of the cal payment required, this Office has not
been Informed OF IL
desire also call attention to the sixth section
of the Act OF Ma 1873 when provides that no dyi-
dend shell he voted made paid for or 10 any stock.
holder or stockholders III either OF sad
companies respectively, ut any time when
tue said company shall be III default
in respect of the payment either of the required
aforesaid be paid into said sinking fund or Ia respect
payment OF the per eentn of the net rnngs,
ec III YOUR company s1ould decline 10 nccede TO my
demand for payment OF the whole amount Que TO fhe
United States, suggest that at least payment OF so
much OF the balance due the company does not con
test VIZ: S1036S2 SO, be made without further de-
Law ana without prejudice TO questions IN controversy,
which are III oper for judicial determination.
II the company should paw into tine Treasury OF the
United states the uncOntested balance as above, de-
sire it distinctly understood that tne demand for
ment whole amount herelnbeiore stated Is not
waved OF course you must well know that nave
authority 10 demand or accept less amount
tnan is due 10 the United -tates under tue law
EAST-BOUND SHIPMENTS FROM CHICAGO.
CHICAGO April 21.-The following is COM
parative statement OF the shipments cast from
Chicago for the week ending to-day: