The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1886-12-02
RAILROADS.
Annual Report of Commits
SiOner Johnston.
CONDITION OF THE HIGHWAYS.
The Uaion and Central Pacific Lines
and Branehes-1heir Earn
ings and Exp ensee.
The commi..issioner of Railroads

The Commississioner OF Railroads.
WASHINGTON, December 1.-The an
nual report of General Joseph E. John
ston, Commissioner Of Railroads, has
been filed with the Secretary Of the In
terror, and was made public to-day. OF
the Union Pacific Railroad Company,
the Commissioner says that on his an
nual tour Of inspection be found the
track, bridges, culverts, workshops,
round houses, stations, ETC., OF the
company in excellent condition,
the ties well leveled. and the rails
of steel, accurately and firmly
laid constituting this as q first-class
road aud proving the efficiency OF Inc
present MANAGEMENT The financial
State is summarized as follows: Total
debt. SI59. AS, 292; capital stock, $50
SIS OOo; total stock and debt. S220,-
S07, 1872. Total assets, $253.9i5,-
269. Surplus, S53.637, Az. Among
the items Of the assets Is oae
of S2I .6O4, l4l as claimed by the
company, repaid 10 the United States.
The Commissioner says that the re
ports OF the Treasury Department show
settled accounts and money paid into
the Treasury on June 80 1886. aggregat-
| ing S2O,674 ,4l4 or sos, ~ less than the
amount claimed by the company. The
credits of the company are increased,
however, by accommodating interest
on sinking fund investments, S4is.5OO.
Total credits, June 80, 1886, 81. I'D Ola.
/ The net earnings OF these auxiliary
lines for the year ended December 81,
| 1885. amounted to 81 500, 49I. The an
nuai interest on the-bonds was S2,604,-
iil0. Oh the two roads, dividends
! amounting to $1,000 were paid
on the stock, all Of which, how
ever, was owned by the Union
Pacific Railway Company, making
/ a total for the year of s., 665, ITO, or a
I deficit from the business Of the year OF
! 81. 2Ss. 6IS.- The Secretary Of the In.
l terror. in giving out his report. to-day,
made the following comment concern
ling the deficit indicated above: II
lis claimed by Mr., Adams, presi-
dent OF the company, that this
deficit is apparent only, representing
not money paid out. but book accounts
and interest, which has accrued Oh
securities largely held by the Union
Pacific Company itself. IS further
claimed that during the year the
auxiliary lines, as whole, not only
Maid fheir own operating expense.
and 81 300. 600 in addition thereto, bu
also contributed to the main Of
aided the line of the Union Pacific sons
IS 600 900 worth OF traffice, which other
wise IL would not have received.
OF the Central Pacific Railroad Com
pany, the report of ComunssionerJoh ohm
son saws that its property was ais
, found 10 be in excellent condition
: The various lines of the compen,
. have been operated since April l
1885. by the Southern Pacific o
Kentucky, under the terms OF leas
dated February II, 1885. The gros
earnings Of the Pacific system" for tn
wear ended June 30, 1856, compares
!. with those Of the preceding year, sho'
a decrease OF $449. 30, vet the net earn
: ings increased $3.50 5l2 or 81.
Z. per cent. This increase was cause
: by the very great reduction i
I, the operating expenses. The financis
condition Of the road June 30th. 1856,
summarized as follows:
Total debt. :. .:-.-..-.. q. ; In, 4sl.;
Capital stock --.--.----- SyrS,5 49,.
e Total stock and debt .----.---.- l-sl4, 30:
s surplus -.-........... .....--.- 60os1-.
: OF the Sioux City d Pacific Raj
q road Company the IGp0rt says tEat i
s gross earnings were 500, 327; operatin
5 expenses and taxes. S227 $50: surplus
}. s274. 456. The liabilities of the road are
totsl stock and debt, 81, AL "a: asset
e IS .a53, Jas; deficit, 81 l9i.e99.
The financial condition OF the Centr'
!. branch of the Union Pacific, June 30tE
:. ISS6. is given as foIiws: Total stock an
d debt. 81. 7s2. 161; total assets, $4,7S4, 50
!. Deficit, 81, 907 .30S.
e The commissioner says: The sinkin
e funds of the Union and Central Pacif
companies June 30, 1856, held by th
Treasurer of the United States, under II
act of May Z, 1878, amounted 70 50, 65S, ~