The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1885-01-05

The Northern Pacifc-AEnunl Report of
the Commissioner of Railroads.
The annual report Of the Commissioner of
Railroads to the Secretary of the Intsrior has
been printed, and in addition the syDoptical
report presented the secretary in November
last which contains number of details not
heretofore published. OF the Northern Pacific
railroad the commissioner says: "Retnrns
made to this office by the Northern Pacific
company indicate increasing business. The
property has been inspected and shows good
maintenance, healthy Improvement and con-
servatiye management The total cost of the
road and equipment to January 30, 1884,
amounts to $168, ,907 ,607. The road has been
constructed with remarkable vigor and uu-
doubtsdly adds to the material wealth, ard
facilitates greatly the development OF the re-
sources Of the great Northwest. During the
year ending June 30 1884, the company ex-
pended S12, ,783, ,S81 for new construction and
improvements, and So, ,594 ,672 for rolling stock
of which $2,207 ,O5l was for locomotives alone
Under its land grant act the company has ac-
quired by United States patent, 740,052 acres
and by csrtification Of the United States land
officers, not patent, 8.578, ,685 acres. Up to
June 30, 1884 tha company had disposed of
4, ,990,221 acres for SIS, ,033 951 The maximum
price per acre exclusive OF town lots has been
$50 and minimum 81 60 per acre. On July l,
1884, the company abandoned the use of the
track of the st. Paul, Minneapolis and Mani
toba railroad between Sunk Rapids and Min
neapolis and commenced rnnning its trains
over the tracks of the St. Paul and Northern
Pacific railroad company between the points
named. For the us9 of the property the North
ern Pacific company pays the st. Paul and
Northern Pacific company net rental quar-
terly equal to per cant of the gross earnings
on the st. Paul and Northern Pacific road
The Northern Pacific company OWLS a little
more than hall the stock of the ST. Paul and
Northern Pacihc company, and will receive its
share of the rent over what is required to pay
the interest on $50, ,000, 900 of bonds Of the ST.
Paul and Northean Pacific company.
The total earnings of the Northern Pacific
Company for the fiscal year are ST.. sos SIT, an
increase Of 50, ,74S, 116, or 60 "A per cent. over
the earnings of the preceding year. The total
expenses were 81, ,177 ,754, an increase of ST.
S40,S24 over the preceding year; net earnings
$5 425 $40, an increase OF 50 907 ,291, or 1l5,43
per cent. over the year ending Jane 80, 1883
DuIing the year S21 miles of road were added
to the company's lines, and tho net earnings
per mile averaged $658.
The report shows large increase in the pas
senger aud freight traffic for the year and an
insignificant reduction 10 revenue per mile.
The financial statement OF the company
shows the liabilities on Jase 30, 1884, we're
$9l, ,280, $50, and capital stock SS8, ,507 ,068,
making the total stock and debts $3.50 0S7 633.
The assets were S180,0S7 ,6S3. Earnings during
the year, $50 373, ,83S, aud expenses, $36 697 :
937, leaving a def;it after deducting the COM
pany's sinking fund requirement, per their
books, OF $32S, ,049.
The UaiOn Pacific.
OF the central branch of the Union Pacific
the mnissionersays the business OF such a
railroad would warrant the placing OF better
material in it's track and a generally better
maintenance of its property. The company
earned 1887 1886 during the year, as against
$3.50. 1877 during the succeeding year and ex-
pended $496, ,206, an increase of $110,043 over
the expenses of the year 1888. Tho net earn
ings on the 100 miles subsidized road for the
calendar year ending December 81 1888, we're
$3S6,071. Charges for government transporta-
tion TO the amount OF S35, ,2S7, absorbed five
per cent. of the net earnings or S19,3 ,303 due the
treasury of the United states and leaves bal
ance of $15 9S3 in favor Of the company. The
liabilities, including the stock and debt were
S6653, COS and assets $4,4l0,SS9, showing de-
ficts of 50, ,242,7 718 on June 80. 1884.
Minor Notes.
A bill in equity was filed in the United
States court sG Philadelphia Saturday, provid.
ing for foreclosure of the Philadelphia and
Reading railroad company under q general
mortgage loan.