Los Angeles daily herald., 1885-12-01
NEWS OF THE WORLD.
Report of the Railroad
Commissioner.
SOME ASTOUNDING FIGURES.
A Lot of Important Work Done III
the General Land 0fiiee-The
English Elections.

s.,s.,,,, =, he Herald bv the Associated Press.l
w.svrSoroa, November 30, The an
nual report of the Commissio ner OF Kali
roads is made pablo to-day. 1t shows
that the sinking funds OF the Union and
Central Pacific held by the Treasurer Of
the United States under the act Of May
7, 1878, amounted to IS. $50, ,S07 on June
30, 1885. The Union Plcific had to its
credit s5, 522, 3i3 and the Central Pacific
$50, ,30S, 463. The premiums paid on
account of Investments for the Union
Pac fic amounted to $3.50. .79l, while the
interest ON its SINKING fund Investments
amounted to S2i0,5 In seven years,
since 1878. only the sum of $500. .s07
has been paid iuto the sinking fund,
which has produced in interest but
s43, $50. "a. This proves in the Commis-
sioners' opinion that the law OF 1873
cannet accomplish its just intent, that OF
furnishing a sum sufficient to pay the
debts from the Pacific Railroad Compa-
nies to the United States. 1t is there
fore suggested that il might be alike ad-
vantaqeous to the government and the
companies to substitute for the present
law one fixing an annual or semi-annual
payment by the companies concerned
which should extinguish their debts to
the government in reasonable
time, as proposed by the bill in
troduced in the Senate last year
by Senator Hoar. The total debt OF the
railroad companies on June 30, 1855,
was Sl3l, 600, 426. made up as follows;
Union Pacific including Kansas Pacific),
principal, s35. 500, ,5l2; accrued interest,
$35, III ,924s total debt, S6S,65l, 436.
Central Pacific linoluding Western Pa
eiic), principal, $27, S55,6s0i accrued
interest, $2S. 463, 4S5; total debt $56,
3l9, l65. Souix City and Pacific, princi-
pal, 81, ,62S, s20y accrued interest, 81 $50,
sos; total, 50, 2sS,0l5. Central Branch
Union Pacific, principal, sl,6oI 600;
accrued interest, Sl,74l SOC; total,
$3,34I,Sl8. The total credits were
S2s, ,973 ,00l, made up as follows: Union
Pacific, Sl9,737, $50; Central Pacific,
IS. $50. 2SS; Souix City and Pacific, Sl7S,-
659; Central Branch Union Pacific,
S226, ,673. Balance in favor OF the United
States but not due until maturity OF
principal is Sl02,627 ,425, made upl
as follows: Due from Union Pacific,
etS,9l4, ,056; from Central Pacific, S47.-
ass. .877; from Sioux City and Pacific,
SO, 100, 1856: from Central Branch Union
Pacific, $3,ll4, l34. The excess of in
terest paid by the United States after
erediting the amounts reimbursed by
IL no fol q.
Paid on account of Union Pacific, 3d.
1904; on account OF Central Pacific,
80, $780, 34S; on account of Sionx City
and Pacific, sl.659, 595; on account OF
Central Branch Union Pacific, 81, 74l,-
500, or total Of S65,97f.9la, which
after deducting the credits leaves an ex-
cess of interest paid by the United
States of S3S, S,005, OIL. The Commits
sioner eriticises the mode of keeping
the accounts OF the Kansas Pacific
Railroad, saying that they do
not give an approximation to|
actual net earnings of its hunaided'' part,
five per cent OF which is due the govern
ment, and that the government has been
receiving far less than its dues. The
Commissioner points to the fact that
more than $4,000, 900 Of the Pacific
roads money now lies idle in the Treas
ury, a judicious investment OF which
would be OF great benefit to those con-
cerned, and he therefore recommends
that tha attention of Congress be called
to the matter. He also suggests that
She Kansaa Pacific, Sioux City and Pa
ci6c and the Central Branch Of the Union
Pacific be includad in the provisions OF
the loan of May 7, 1873, creating sink
ing funds for Pacific roads.
The financial condition Of the several
roads is given as follows; Union Pa
cifc, total debt, Sl64, $50 247; capital
stock, $50, 1868, 800; total stock aud debts,
S220, 554, 747; land sales, S26, 4S6, $50;
earnings in 1884, $40, ,0lS, ,507; earnings
in 1855, Sl7,S36, ,0al; decrease, Sl,l8l,-
Tl6; expenses in 1885, S9.095, 1913; de-
crease, 81, I,195, 24S. The Union Pacific,
Union Division, gross earnings were
sl2,575, ,0s3, leaving that sum due the
company after deducting transportation
accounts and other credits. The Central
Pacific total debt is Sl20, ,547, 7lS; capital
stock, S57, ,275, 800; total stock and debt,
Sl79, 823, ,2lS; total assets, $l77, ,655, ,098;
deficit, 81, l6S, 10. Iu addition to the
above assets the company owns lands
and water fronts in San Francisco, Oak
land and Sacramento valued at Sl,750.-
900.
The indebtedness of the CeRtral Pa
cifc Railroad Company, Including the
Western Pacific, to the United States,
June 30, 1885, is as follows; Principal,
S27 ,S55, $50; accrued interest. $2S, ,463,
4S5; total, $56, ,3l9, l65; total credit,
IS, $40. 28S; balance in favor Of the
United States, but not due until matu-
yity, principal $3.50. 500, $47, ,4SS, ST. |
Earnings in 1884, $23. 63S, 2l5; earnings
in 1885, S2l, ,039, ,465; decrease, -, $685.
750; expenses in 1854, 81 ,S3S. 205; ex-
penses- in 1885, $l3. 2l9,09 decrease,
S2,6l9.lll; gross earnings, 1900, $50.
After deductiug the various credits due
company the total balance of December
81, 1884, was $500, ,3S9; Southern
Pacific, total debt S33, ,602, 042;
capital stock, S44, ,O39 100; total stock
and debts, S77, ,64l, l46; total assets, $780,
ass, 1872; surplus, S2.Sl5729. Earnings
in 1884. 81, 1856, 1876; earnings in 1885,
81, ass, Ss4; increase, Sl53 749. Expenses
in 1884, 81 ,05S, 760; expenses in 1885,
1855, l6l; decrease, $l03, 500. Northern
Pacific, total debt, $79, ,43i, ,2ll; capital
stock and debt, $l67, 0l4, 795; total as
sets, Sl67, 1876 755; surplus, sol ,959.
Earnings in 1884, Sl2, 2,603,575; earnings
in 1885, 81, ,234, l49; decrease. 81 1863,
425. Expenses in 1884, 81, III, ,754; ex.
penses, in 1885, So, 1876, 300; decrease,
S9sl, ,454.