St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-01
INCOME.
Entire system, 4.531 Mir

as follows:
INCOME.
Entire system, 4.531 Nine mos. Nine mos
miles, 1885. 1859.
Earnings. S19. 1873 $50 $1s.e7 61a
| Expenses and taxes. 13.00S,427 11,Sl9,4 0l
Surplus earningS...... 6,l45,24Z 6,453,2Ut
Income from invest
ments ..... 80. 493,459 $685.
Proceeds miscellaneous
ana sales. 1908 t,UIe
Profits on Investments
premiums, etc. ...... 7l5,lI5
Received from trustees
Kansas Pacific con-
sOlidated mortgage. 643,230 .5,84C
Pacific Express COM
pnny, settlement old
contract. 111,O75 .-......
Total income. ... Ss,I1s,Ca0 $1,000. COS
EXPENSES.
Entire system, 4, 53l Nine mos. Nine mos
miles 1886 1885.
Interest on bonds. S3,SSS,S13 S3.973,S7(
Discount and interest
premiums. ......... 67,12I S6l,5O4
| Sinking fund require
ments, companys
bond $685.. 49,. 4s5,ss5 464,s7;
| Interest on bonds of
operated road. ...... 953,517 952, 52l
| Land taxes and land
expenses, Union div. 1888 24,OSt
| One-half of loss in Op-
Grating Leavenw nth,
Topeka & Southwest
ern railway. 11,72l q, 51e
Totals. ...... S., $4,000 S., 7s7, 1874
Surplus ... 2,6s9,927 1852, III
Less United States re-
ouirements ........ 100000 7s6. 9ss
Total bal of surplus. 2,1lS.92T Ats, lS2
In comparison with the first nine months
of 1885 the gross earnings show All increase
of 1881. O56, or 4.8 per cent. The passen-
ger earnings show an increase of S2S1, 30S,
or sc per cent. The freight earnings show
an increase of 1857. TIT. or 5.22 per cent.
The mail earnings show decrease OF
IS TAO. or IA per cent. The express earn
ings show decrease of So. 663. or 1.9 pei
cent, and the miscellaneous earnings de-
crease of $40, 625, or IL. 16 per cent. The
operating expenses show an increase OF
81. 1S9. 020, or 10 per cent. OF this increase
| S7OS 916 is in the maintenance OF way ex-
penses and S153. 800 in the maintenance OF
car expenses. The increase in the average
number OF miles of road under operation
for the period in question is less than pei
cent. On the average road mileage the
gross earnings per mile rose from $40
in 1885 to 81, $50 in 1886. an increase of
Gl0O, Vi . pei Ccut. ITO
| PACIFIC COAST EARNINGS,
which in 1885 represented S.S per cent. OF
the total earnings of the system, fell off in
1856 to a point where they represented IA
per cent. of its earnings. The earnings OF
| the system from traffic interchanged with
| its branch lines system have been kept fol
! twelve months and were in gross So, 220,
! 93S, or about 80 per cent. of the total earn
| tha g "a frat 6
! is done at less average co st than its Other
business, the net earnings from it are esti'
mated at over So. 900. 000 or 80 per cent Of
the total net earnings. This is in addition
to the net earnings of the branch lines
themselves after paying all fixed charges
which were $493. 459 tor the nine month.
of 1886, and indicates the vital importance
of the branch line system to the main sys
| tenn The following is a comparative state
ment of the funded and other debts of the
entire system, covering period of twenty
one months.
THE UNION PACIFIC SYSTEM.
Funded debt of the system in the hands of thu
| public Dec. 81, 1884, S144,649,047; Dec. 81
1855, $l44, 7SS, 95s; Dec so, 1885, Sl4i, 4OS, $50
Add bonds of Union Pacific Railway company
in its treasury lee. 81, 1884, So, 467, 4S7: Dec
81, 1885, So, l47,250; Dec. 80, 1885, $597, 10
TOTAL. Dec. 81, 1908, Sl4S, lo,555; dec. oil
1885, S146 $50, 40S; Dec. So 1856. S147, 9S7. 450
Add floating debt net Dec. 81. 1884, So. 237. 696
Dec. 81, 1885, S1.S61,9 45. Deduct cash re
served Dec. 80, 1886, $2,7729 04. Balance o
debt Dec 81, 1884, S15l,354.231; Dec. 81, 1885
S14s, T97, 1853; Dec. 80, 1885, $145,214,5 $40. De
duct land grant assets De-. 81, 1884, S29, 256.
1893: Dec. 81, 1885. $50, Coz, $50; Dec. 80, 1855
S29, 945. 9S1. Debt in excess of land asset:
Dec. 81, 1884, S122, O97. 1872; Dec. 81, 1856
S1lS144, 1874; Dec. 50, 1886, Sl15,2 70, 565. Mile
of road Dec. 81, 1884. 4,476; Dec. 81, 1885
4,5I9; Dec. 80, 1856, 1887. Debt per mil,
Dec. 81, 1884, S27,275; Dee. 81, 1885, $26, I4l
Dec. 80. 1886. $25,070.
The mileage debts of the Central brancl
of the Union Pacific Railroad company ant
of the St. Joseph & Grand Island Railroad
company are not included in this statement
Under the head of proposed legislation thu
report says:
1t is admitted on all sides that existinl
legislation is insufficient and has utterl,
failed in several respects, and adds that legis
lation has been suggested which seems wei
adapted to correct all of the defects in exist
ing laws, and to restore the government to it
| position-that OF creditors. Its debt is no
yet due, and is too large for its debtor TO pa,
Immediately, if it were Que. Meanwhile il
present security is insufficient, but the debto
has additional securities which may b.
pledged and
A SOLVENT BUSINESS,
capable of paying the entire interest an:
a part of the principal each year If he Cal
only be permitted to conduct and manage i
IN accordance with business principles, ant