The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1885-12-01
Transactions at Washington
on Monday.
THE HENDRICKS FUNERAL.
a Batch Of miscellaneous Kilograms
TsIling OF What Took Place
on Monday.
Washington whispers
COMMISSIONER OF RAILROADS.

WASHINGTON, November 30-The an
nual report of the Commissioner of
Railroads, made public to-day, shows
the sinking funds of the Union and
Central Pacific held by the Treasurer of
the United States under the act OF May
9TH 1878. amounted to s., $50, 8OS. On
lime 20 b. 1885, the Onion Pacific had
To its credit S., So. 343 and Central Pa
cific s., OBS, 463. The premiums paid on
account of investments for the Union
Pacific amounted to $3.50, 891, while the
interest on its sinking fund investments
amounted to 500, 558. In the seven
years since 1873, only the sum OF S.
s50 S07 has been paid into the sinking
fund, which has produced in interest
but $437 ,52t. This proves, in the Com
missioner'S opinion, that the law Of 1878
cannot accom- plish its just intent-that
of furnishing a sum sufficient to pay the
debts from the Pacific Railroad
Companies to the United States. It is
therefore suggested that 1t might be
alike advantageous to thu government
and 10 the companies to SUbstltAIe Tor
the present law, one fixing an annual
or Semi-anuual payment by the COM
panieS concerned, which should eX-
finguish their debts to the government
=
the two bills introduced in the Senate
last wear by Senator Hoar. The total
debt OF the railroad companies on June
80. 1885, was S131 COO, 426, made up as
follows: Union Pacific Including
Kansas Pacifc) principal, $33 .539, 572; !
accrued interest $35, Ill, 924. Total debt, |
S68 65l .4S6. Central Pacific Including |
Western Paeihcl principal, $21 800. $50. /
Accrued interest, $26 As, 4So. total dept
$55.3I9.165. Sioux City and Pacific |
principal 81, 628, 800. accrued interest |
81 .659 .6D5, total, So. 25S.O OILS. Central |
branch. Union Pacific, principal 4
81. Sol 900: accrued interest, Sl.T4l sos.
Total. S3.31 ,S1S. The total credits were
SOS. 973, COL, made up as follows: Union
Pacific. $40, 737 $50; Central Pacific, S.
SIC. 2SS; Sioux City and Pacific. Sl7S,
G59: Central Branch Union Pacific.
1925 673 Balance in favor of United
States, out not due until maturity OF
The principal, is S102 ,627 .425. made up
as follows: Due from Union Pacific,
$48, 1914, U56; from Central Pacific, $fI.-
1873 ST.; from Sioux CITY and Pacific,
81 100 $50; from the Central Branch of
OF interest paid by United States, after
creGitiDg the amounts reimb ursed by
the several companies, was as follows:
Paid on account of Union Pacific, $23,-
463. ass; on account of Sioux City
and Pacific, 81, 659. sos; on account of
the Central Branch of the Union Pacific,
81, 74I sos. or 8 total of $50 976 9I2,
which after deducting the credits. leaves
an excess of interest paid by the United
States of S3S. 005. Oil. TheCommissioner
criticises the mode of keeping accounts
OF the Kansas Pacific Railroad. saying
that they do not give an approximation
to the actual net earnings Of its "un-
aided" part, per cent of which IS due
TO the government, and that the govern
nent has been receiving FAR less than
its dues. The commissioner points 70
the fat mat more than $20,0O0,00d
credited to the Pacific roads now lies
idle in the treasury. judicious invest
ment Of which would be Of great bene-
ut 10 those coneer- led, and he there
lore recommends that the attention OF
Congress be called to the matter. He
also suggests that tie Kansas Pacific.
Sioux City. and P 3itic and Central
branches of the Union Pacific be in
eIudeG in the provisions of the law of
Nay Tn, 1878, creating slndng funds
Tor the Pacific roads.