New-York tribune., 1884-01-25
Rranchcs.
MOI r.rrnes .sau.gn3oe eo ss.slI .717l sII 637 Ol

Net Earnings. JJJOou - tbO Ofl "a elliJJtOo' "
This shows decrease in the total surplus earnings dur
ip the corresponding ume last year OF $685. 80 o..
owing To the Improved condition OF the rOJdDct ana
equipments the decrease Ia the running expenses has
been much larger prOpOrtOnaely than the falling OF IA
the earnings. The number OF miles operated was
Inc funded debt Of the company after deductng bonds
held trust and bonds In the sinking tud on June 30,
IsJ1 was 80 sos OJ3 Is aud on June 30 1888,
Ss3,9i7 9s0 showing an increase Of Sl,439,926 %.
bonJs and other securities held as Investments to be
g9334SO 40 a their lace value, from which the com
pany derived income during the year OF S2l1lso2 50.
and from other Investment accounts there was received
SlO9 1913 90 making total Of S22Sl,7j635.
Tne floating debt statement shows tEt tne total debt
under United states Railroad yie" on
lS-3 S6l9g2IS IS under the company view, on Juuo
10 is,,g il was 81 36SjS7 81 on June 30 1888 80,
sll4gO rs The total in 1882 SlO,3J2,-
s1j 5s in 1888 S969s,O4G 23 the floating deDt under
the compans VIEW II WI DC seen & ma, Doe1 lSpy bye
diminished only S9O3.969 80 net reduction OF $3.50,
~ 80. ms reduction! tle ueciOIS s"y MS uech c,
fccted by pursuing the policy recommended IN their last
1e regular quarterly dividends of 1at per cent have
surplus statement earnings upon which the lart
dividend was declared shows thaC Tor the quarter he
.1oss earnings were S5,766,52I II; tho operating
pcIlses aud were $ON3139 20, ami the surplus
ierI after paving the diyld nd was S542JSj 81 Got
wItusaudng the general depression IN business the sur
plus The road for November Sl,7SZ 90 over thai
Tue original iaud grant to the Union Pacific embraced
as near may be estimated about 1l,2OOOOO acres.
Tnc grants to the Kansas Pacific and Denver Pacific
baccd about 1904 900 acres making total Of ls,&OI
600 acres to the cOnsOlddt company.
or the original grant 10 the Union Pacific S,SI7,s02
acres remain unsOd and OF the grant To the Kansas and
Denver Pacific companies J23672J acres remain There
have been sold and disposed of In round numbers Of the
whole land grant, about 4,OOO,OOO acres for tue OF
about $l5 100000 The methods OF sale for cash,
with discount Of 10 per cent five ten years time,
in instalmens OF l10 with annual interest at the
rate OF per deferred payments. or the original
Union Pacific issue OF 900 worth OF bonds, II Is
understood tJ,SOOOUO have been cancelled by
the proceeds OF sales. The estimated value OF the
pdny . msold lands is $l7,3OO.OOO.
Alter reviewing the negotiations which ended IN an
alliance between the Union Pacific, the Rock Island and
the ST. Paul companies the report says that the Govern
men directors approved the agreement after being in
formed that il did not violate tAe cOmpanys charter IL
then continues:
'At the date OF the submission OF the report It is not
known what action these roads will finally decide upon.
obvious that union OF all the roads inter
esed upon some such basis the proposed would
advantageous to all and to the general welfare
than continuance of ruinOus competition. rail
road war which ratios cut below the point where
freights be carried at "a profit Is destructive
to tho business interests OF community less
than tho corporations Immediately concerned. STEADY
and tNed rates, even though they hlgn, much
more conducive to healthy AMI prosperous bust
ness condition than the unsettled and uctuatng rates.
however low which are brought about by the petition
rival IL Is confidently hoped that the contract
will be accepted the basis OF permanent arrangement
between all tho roads concerned and that under IL the
roads VIII do profitable business while the communities
along their lines will derive permanent benefit there
from"