New-York tribune., 1884-10-25
RAILROAD INTERESTS.
CONDITION OF THE PACIFIC ROADS.
POINTS IN THE REPORT OF COMMISSIONER ARM
STRONG.
SGToN. Oct. 24.-The Commissioner


WASHINGTON, Oct 24.-The Commissioner
OF Railroads. William IT, Armstrong has submitted to
the Secretary of The Interior his annual report for the
fiscal year ended June 80 1884 The report states that
the property and accounts Of the railroads coming within
the Jurisdiction Of the Office have been examined the sew
eral companies having freely accorded a proper faci
ties for the inspection OF their properties and the
naion Of their hooks. Statements submitted In de-
tail showing the indebtedness of the subsidized railroads
10 the United States earnings and expenses financial
condition, . and 20 per ccntum' Of net earnings. and
various other data pertaining to these roads The com
missioner aso submits detailed statements ~ the sinking
funds 0f tho Union aud Central Pacific Railroad
Companies, showing tho sums which have been covered
into those funds by the Treasury Of the United states,
and the amount and character Of investments made by
the Secretary Of the Treasury "a. CUSTODIAN The report
shows that upon the maturing Of the principal ~ is92.
the sum Of si02 ,DJ4. .79i o., divided as follows;
Union rscnc go ooo 90
central Pacific 4Hb51Ot3 II
Ceutna Branci Union Pacific 3O7b4sO O5
Total. os
The sinking funds Of the Union and Central Pacific
under The act Of May ls7s amounted 10 s6OsiO09'
June 80 1884, the Union Pacific having TO it's credit
amount remaining in the United states Treasury
vested June 30 1884 to the credit of the Union Pa
81 .Osg. 80: In all -. .OSl .6i5
The lastinvestbcnts for the Union Pacific were made
having been invested in the per cent funded loan or
July II. ls-i at premium OF S-.925 The total IN
yestmens for this company amount 10 r2,29O 100 NJ
premium OF Sl7299O. The interest the sinking fund
investment TO June 30 1854, amounted to $l3ol2l or
S33. .-G2, than the premium paid The amount re-
naming in the Treasury unnvcsted. june 30 Ssh was
S992iS6 No Investments have been made for the Cen
tral Pacific since November ~ 1892. The total invest
ments for this company amount 10 >l,3I9Soo
at premium OF Sl79. 9.563. The interest
on the sinking fund Investments to June 30, l-s4.
amounted to $40 07for $3.50 less than the premium
paid The amount remaining in the Treasury unnyested
June 90 1888 SSi4 6j2. and June 30 1881 II had
increased to ~ 0s9 80. The Commissioner urgently
recommends that the OF - OS G45 belonging To the
sinking fndss OF the companies and remaining ui
invested in the Treasury Department June 30 l-e+
he immediately invested in order that the several SINKING
funds may reasonable rate OF interest.
The Commissioner invites attention to the fact that on
June 81 1SSl. the Union Pacific Railway Company De
posted with the Assistant Treasurer of the United states
at Boston the OF S7l3@li. 10 the credit or the SINK
ing fund being the balance ascertained 10 he due from
the company IN cash for the year ending December 81
1883 under the act OF May T. ISIS, pending Judgment
in the suit decide what constitutes net earnings
I'm concluding his report the Commissioner invites ate
tion the subject Of the funding or the dents OF inc
several bonded Pacific roads, aud urges that congress
take speedy aud final action looking 10 the ultimate pay
mcut Of this vast indebtedness,