St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-03-25
The Annual Report of the Union Pa
cific Ready to Submit to the
Directors.
Acting Commissioner Cannon Of the Trans
continental Association Announces
Rates on California Fruit.
The Central Pacific Agrees to Receive Freight
From the Union Pacific at
Tariff Rates.
Sale of the Green Bay Road to the Wis
consin Central Denied-Meaning of
Emigrant Moyables.
WORK OF A YEAR.

Report SIoscs an Increase In Earnings
OveT Previous Year.
BosToN, March "a. The summary OF OPP
erations of the Union Pacific railroad for The
year 1884 has been made public, preliminary
to the annual meeting tomorrow, and Is as
follows: For the last six months the earn
ings, excluding the st. Joseph q western
railroad, were s14, 73s 900; expenses, &c.
807, 600; taxes, S549, 900. The surplus earn
ings for the entire system for the last SIX
months of 1884 were 1881 ZOO. Other re-
ceipts from miscellaneous sources make the
total income 81, 1892, 900, as against the total
income for the first six months of the year
of SO, $40, OOO The expenditures for the last
six months were So, 795, 900; of this amount
So, 674, 900 was paid for interest on bonds.
The total surplus for the last six months OF
the wear was 81, O96, 900; from this is de
Quoted S75O,O00 for United States re-
ouirements, leaving the net suplus income
for the last six months So, 346,O0o as
against deficit of $685. 900 for the first
six months of the year. The report says;
It is necessary to bear in mind that the var
ious measures of economy which have been
matured and entered upon during the nrst
half of the year did not produce their effect
unit the second half. Before the close OF
first half also the work of construction then
going on has been practically brought TO
close, and the better financial results OF the
last six months are largely due to the causes
which originated in the previous six months
but which developed effects at a later period.
THE TOTAL EARNINGS.
for the year, excluding St. Joseph u Western
and the income from investments, was
SIG, 205, 600 In 1884 the earnings was
$40, 341 900. The surplus income for 1854
was 50, 962, 900 and for 1888, So, l56, 600.
During the last year the floating debt OF the
com pany has been decreased to 50, 23O 600.
During the past year there have been eX-
penses and loss in receipts not likely to occur
again There was an increase in taxes OF
S245, 753 owing to the new law in Nebraska.
The tolls due from the st. Joseph q Western
Bridge Building company have not been paid.
These tolls, amounting to $1O1, 1868, are
property receipts of the system. They will
soon be paid. The accumulated de-
ficiencies, open accounts and dis
puted credits since the consolidation
in 1880 have been charged off against
the surplus income of 1884, which has suf-
feed to meet them all after paying divi-
dend of IA per cent, and yet leave bal
ancc of 81 ,O33, 444, equal to 1 no per cent.
on the pany's capital stock. The total
outstanding funded debt of the company,
which does not include the funded debts OF
auxiliary Independent organizations, in
which the company is interested, amounted
December 81, 1884, to SS4, 173, 2S5; as COM
pared with Se4, 500, 1872 December 81 the
previous year, showing a decrease for the
year of $685. 47. The net reduction the
entire debt, funded and floating, during the
year, was $57S, O00. The land sales of thu
company during the year, after deducting
the sales Cancelled, were 1891, 042 acres for
the Union Pacific proper, which realized
Sc, 81, 773; for the Kansas Pacific 452, 500
acres, and the amount re tlized S1,917,S75
The so, 600 in dispute has been decided
against the company, which leaves the roads
in debt to the road as above stated.