Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1885-03-27
The Union Pacific,

BOSTON, March 24.-The summary
OF the operation of the Union Pacific
for the year 1884 has been made pub.
Ilc and is as follows: For the last six
months the earnings, excluding the
St Joseph & Western railroad. were
S14, 1SS, 600; the expenses were ST, ,S07,-
O9o; taxes $s49, 600. The surplus
earnings of the entire system for the
last six months of 1884 were $7.SSI.-
o0o. Other receipts frors miscellane
Gus sources make total income of
., S92, O0e, as against total income
tor the first SIX montS of the wear of
S,S49, 600. The expenditures for the
last SIX months were s., ,79s, 600. of
this amount Ss.s74, 900 was paid for
the interest on bonds. The total sur
plaS for the last six months
OF the year was 409e. 900.
from this is deducted $3.50. 600 for
United States requirement., leaving
net surplus income for the last six
months, s., $50, 600, as sgainst 4 deficit
of 1855, 600 for the first six menths of
the year. The report says il will be
necessary 10 bear in mind that the
various measures of economy which
have been matured and entered upon
during the first half o. the year. did
not produce their effect until the sec
ond half of tse total earnings for the
year, excluding st. Joseph and West
ern, and the income from the Invest.
ment OF $50, POS, 900. In 1888. the
earnings were S29, ,34l, 600; surplus
for 1884 was 81. 962, 600; for 1883 II
was SIS, ,156, 600. During the wear the
floating debt of the company has been
reduced to S., 2S7, 900.
BOSTON, March 24.-During the
past year there have been expenses
and loss in the receipts not likely to
occur again. The increase in taxes
IN N i SsbffSsisaEasa. aaa 'ffei NE tolls due from the
st. Joseph < Western road to the ST.
Joseph Bridge Building company have
not been paid. These tolls, amount
ing to S101, ,S65, are properly receipts
OF the system. They will soon be
paid. The accumulated deficiencies
open accounts and disputed credit since
the consolidation i'll 1880 has been
charged off against surplus income OF
1884, which has sufhced TO meet them
all after paying dividend of / ! per
cent and yet leave balance Of 81 ,03S,
444, equal to 10 per cent on the
company'S capital stock. The total
outstanding funded debt of the com
pany which does not include favored
debts auxiliary to organization
in which the company was interested
amounted, December 81, 1881, to
SS4, LIS, 2S5, as compared with $S4, 506,
SS2 the previous wear, showing a de
crease of 1888, ,04S; net reduction of
the entire debt, funded end aoatIng,
during the year, S57S, 600. The land
sales of the company during year
later, after deducung sales cancelled,
were 4,2Sl, ,o4s acres for the Union
Paclnc proper, which realized $6,5l7,-
773; for Kansas Pacific, ASP, 500 acres,
amount realized 81, 917,S SIS.
The report of the commissioner OF
railways, as revealed by the compa>
ny's books, shows there was due the
United States for the year 1884 under
the Thurman act 81, 135, 220, against
which there is credited for govern
transportation, etc, 81, 1856, 17S, leav
ing SIT due the government for the
year. President Adams says the
company will pay promptly the S917,-
600 adjudged due the government by
the court of claims.
The $50, 900 in dispute has been de
cided against the company, which
leaves the road in debt TO the govern
ment, as about stated.