The semi-weekly miner. [volume] (Butte, Mont.) 1882-1886, 1885-09-19

The Road Makes q Good Showing for
the Past Year.
New York, September 1.-THE annual
meeting for the election Of directors OF the
Northern Pacific railroad for the ensuing
wear ia now in session. There is no change
in the regular ticket presented to the stock
holders from that OF last year, and no seri-
II trouble is anticipated. An injunction
has been asked by the Oregon Trans-Conti-
mental people Of the Supreme Court, to re-
strain Messrs. Ives and Morgan from vot-
ing the Oregon Translontinental trust
stock. At the meeting to-day the annual
statement OF the Northern Pacific for the
year ended June 3Oth, 1885, was submitted.
1t shows gross receipts from freight OF
STAG, 900; passengers. $3,O76. 900; mail
and express, etc, $712, 900; making u total
OF $%11.234,OOO. The operating expenses
were Sc, 1876, 900, leaving the net earnings
at SIS, OBS, 900. Adding to this the interest
and dividends on investment, the balance
at the general interest account, incomes
from other sources amountingt to Sl93,ooo,
THE TOTAL SURPLUS
is S., 231 600, out of which there was paid
for rentals 1851 900. Guaranteed to
branch roads, $3.50, 900; maintenance OF
criminal property at Portland, 2 900,
and interest On funded debt account, ST.
O24, 600. The contributions to the sinking
fund were $4,000, and there wal paid as
expenses of the opening celebration 1000,
making a grand total OF disbursements OF
IS $4,000. and leaving a surplus over all
liked charges and expenses Tor the year OF
$92. 900. Compared with the preceding
year there was an increase in the earnings
from commercial freight OF S71,OOO, and
from mail and express, etc., OF S22l,OoO.
But there was a decrease in the passenger
earnings of $1.121,OOO, making a net de-
crease in commercial business OF all kinds
$3.50 900. During the past year there
were no charges made for transportation
OF fuel and other supplies used in operating
the road and the amount charged Tor ear
rying construction material was only the
cost price OF transportation. The report
states that the principal cause OF
THE IN PASSENGER EARNINGS
was in substance the Conur d'Alene mine
excitement, to which must also be added
the opening OF the Union Pacific road to
Oregon by the Oregon Short Line and the
Baker City branch Of the Oregon Railway
aud Navigation company, as vol as the
NOW blockade throughout Oregon last
winter, and the general depression Of BUSH
ness throughout the country. These causes
of decrease were offset us to freight Ivy il
steady advance OF population and develop
ment contiguous to the line OF the road.
As compared with the preceding year the
earnings decreased 81 5000, and opcr-
ating expenses S696,OOO. The balance OF
the sheet shows no change in the common
stock, and Il decrease in preferred by land
sales of $S7, GIL 900. The company paid
to the Northern Pacific Terminal company
during the year SS4, 900 for rent and $27,-
600 for cost OF maintenance. Respecting
the
OF THE CASCADE BRANCH.
about which there is IL decided difference OF
opinion among parties Interested III the
road, reports state ~ miles are now under
construction on the west side OF the Cas-
cade mountains and 40 miles on the east
side, the cost OF which will be 81, 900
To complete the Cascade branch there will
remain 75la miles: not including the 81
miles under way. The estimated cost OF
the 751la miles is as follows 151z miles over
the mountain, including tunnels nearly two
miles long, $1,441, 200; approaches on
each side, $1,431,OOO making a total OF
$3,S72 900, to which is added for snow
sheds. ii needed, $780, COS, making a grand
total estimated cost OF the 14O miles re-
quired to fill the gap is $5,912,O0O, and
the amount of the first mortgage bonds
that will be available for the work is
S3,513,O 900, leaving to be provided from
other sources, 50, 100000. The report
says it will require between two and two
and a half years to construct the tunnel.
With economy the total amount expended
for construction and equipment during the
past year was $4,562,OOO. The report
recommends
THE RATIFICATION OF THE LEASE
OF the Oregon Railway and Navigation
Company, and states that when the subject
shall have been acted upon by all the cOm-
panies interested it will be submitted to the
stockholders of the Northern Pacific for
their action. The number OF acres OF land
sold during the past year was 344,557 for
$1,6S2, 73O. The amount OF land patented
and patentable still undisposed Of is over
81 900, 600 acres, OF which $500, 900 acres
are east OF the Missouri river, and the pro-
ceeds are applicable to the retirement OF
the preferred stock. 1t was also stated that
two judges had refused an injunction re-
straning the voting OF 100000 shares by
Brayton Ives and J. p. Morgan.
A resolution was adopted requesting the
directors not to incur any Indebtedness
whatever for the construction OF new roads.
The old Board OF Directors was reelected.
Slickens Damages.
SACRAMENTO, September 16.-A represen-
tative body OF citizens comprising Governor
Stoneman, Senator Stanford, congressman
Morrow, McKenna, Hendry. Luttrell and
Others left this morning to inspect the dam
age lone to the Sacramento river by slick
ems and debris from the hydraulic mines.
1t was the unanimous opinion that prompt
and vigorous measures wOuld have to be
taken il the river was to continue ~naviga-
BILE. Senator Stanford said that the only
thing to do was to stop hydraulic mining
unless means to prevent the continuation
OF the injury can be devised.
Allowed Their Shipment.
WASHINGTON, September 16.-The Secre-
tary OF the Treasury to-day instructed the
Collector of Customs at Newport News,
Va, to receive from the Collector OF
Internal Revenue the cargo OF spirits
shipped from Harrodsburg, KY, by j. 3.
Thompson and intended for export from
New York to Bremen, and to hold it in GUS
tody until notified that the Collector OF
Internal Revenue for the Eighth District OF
Kentucky has received a bond from the
distiller to cover the route from Newport
News to New York. The goods may then
be shipped.
Women at the Polls.
N " Copfo,,Hor - I,