Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1884-06-19
WASHINGTON.


Report OF the Experts on Iaien Pacific
WARRINGTON, June l8.-The report of
the Government experts on the Union
Pacific Railroad Is in brief as follows
Statement No. l shows the earnings and
expenses of the entire system, including
lines owned, leased and operated from
January LIST TO May 81, 1884 gross earn
ings, $9,222. 7G5: operating expenses,
81, lS4, 1888; surplus, $3,037 ,S72. State
ment No. 2, revenue and expenditures
Of the entire system for the same pc
Rod gross earnings, $9,222. 1865 oper-
ating expenses and all fixed charges,
$685., 1870; deficit, $729,4l4. Statement
No. 3 shows the financial condition of
the company May 81, 1874, from which
it will be seen that the gross floating
debt amouRts 10 $11, 400 ,099, made mp
of the following items Bills payable,
1886, 43i; accounts payable. 81 ,442 ,l07;
pay rolls and vouchers, 81, 49,, S2l ;
dividends remaining unpaid, 81 ,l43. 742;
coupons unpaid, 1885,, 1892; called
bonds, $ll6,Cco. The company has GER
tain available assets which should be
deducted from this amount, as follows
Cash on hand. $S40,l77 sinking fund
in hands Of trustoes-oash, $ll6,C00 ;
bills and accounts receivable, S3 ,03S,
262 (; company stocks aud bonds owned
by company, $2,074,064 Total. $6.C6S,-
703, leaving net floating debt. SIS 1871 1886.
The item of fuel. material and stores
on hand ($2,622,777) is not regarded as
an available offset by the experts.
Statement No. 4 shows earnings. bond
cd debt and interest, branch lines ope-
rated by and in the interest of the CON-
pany, for the year ending December 81,
1888: Total earnings, $S,75S, 452; ex-
penses, including taxes. $6,3l5,630
surplus, $2,442,S2l bonds outstanding,
$40, 1888 ,0Co; annual interest. $2.sI0, $50 b;
bonds owned by the U. p. Co., $23,6l5,-
730 /; annual interest to U. p, 81 1886, 79l ;
bonds owned by others, $17, 267 ,269.
Statement No. 8 shows revenue and ex
penditures of the road proper, 1920
miles, for three months ending March
81, 1884: Gross earnings, including
income from investment, 1868, Isl ;
operating expenses and taxes and all
fixed charges. $5,047, $50 deficit, 3D.
BIZ, 1913.
Statement No. 6 shows the earnings
and expenses and accrued interest on
the funded debt of brasch lines, as oom
pared with 1888, for three months, end
ing March 81. The interest ON bonds
exceeds surplus earnings for 1884, by
$347 ,S24, while for 1883 II was only
1881. Statement 7 Ia comparative
statement of earnings and expenses OF
the entire system FOR four months, end
ing April 30, 1882, 1883 and 1884. The
comparison between 1884 and 1882
shows a decrease in the surplus earn
ings of $i,252, 32S; between 1884 and
1893. shows decrease of 81 ,St3,013.
1888 was the year of the largest receipts
in the history of the company. State
ment 8 shows the investment IN detai
of bonds aud stocks of other companies
and advances TO other companies payable
in bends and stocks and miscellaneous
investments amounting in the aRRre
gate to $44. 06s. 953. Statement show,
the company's stocks and bonds ownee
| by the company amounting TO $z,uf4,
064.
The Unisn Pacific Compromise.
The Secretary of the Interior has re
ceived the following communicated
| FROM the Chairman Of the Senate JUN
ciary Committee:
SIR-In regard TO matters between
| the United States and the Union "a
] cific Railroad Company. arising nnde
| the act of 1878. and which the Commit
tee on Judiciary of the senate has IA.
| fer some time under consideration,
have the honor to inform vol that IN
committee has this day adopted the fol
lowing resolution
Resolrof, That the committee VII
postpone until the FIRST Monday In DE
oember, 1854, further consideration
matters arising under the act OF MAY
| 1878, relating 20 the Union Pacifo hsii
road Company, il said company snal
| Immediately carry oat the oner OF Mf
| Adams, as stated in his communication
| dated June Is. 1854, addressed 10 hon
| George +. Hoar. aud on the express IN
| tierstanding that this action OF tue econ
pany and the United States. IN receiving
money aud security and In the commu
| nication mentioned. shall have no sneo
| en- any penaitS or forfeisure or o,he
right Of the United States incurred o
arising or 10 occur or arise against san
/ company or any of its officers. ont tina
all rights, penalties and forfeiturc
shall stand as II these acts had nos oee'
done.
Which I send for your information
together with q copy OF the oommnnica
ton of Mr.. Adams 20 Mr.. hoar referre'
10 in the resolution.
GEokaE r. EpxuSps,
Chairman COMMITTEES
The main points Of the Adams con
posittop are that the railroad compan.
snail pNy into the United States Treas
urv S7ls.c Geo, the ameunt claimed .
the Government under the Thurman
Ac, for 1852; that all earnings for Gov
srnment transportation shall be n
sainsd ny the Government. and that u
dividends shall be paid during the cur
rant year. All other matters IN dispas
are left for adjudication
| Finally Passed CsnsresA.
The Pitx John Porter bill hAs mali
nassed both Houses Of Consrsss-
| Deep Mintsg.
| SAY FRAxcrsco, June is.-Direetoi
of tie Northend and Comstocs mIns
l A.. NATHAN down