St. Landry democrat., 1888-10-13
PACIFIC RAILROADS,
General Joseph r.: Johnston Satisfied wi
Their Condition:

SeHerai Joseph E' JOhDston Satisfied with
Their Condition.:
| WAsHtrGrTS rc.s b:~titprysl .tes6t,h ID
Johnston, Commissioner Of Railroads, In his
annual report to the Secretary of the interior
states that the railroads south OF the Southerr
and Central Pacific and east of California have
bee" 'rspttted fuTng the year by MIR Hassaftt
the engineer of the office. The Commissioner
inspected the Union and Central Pacific and
all the roads in California and Oregon connect
ed with the latter and those tr Washington
Ierritef": 'Ttese ttats, lie adds, tare all In
very satisfactory condition. They were well
bu1t originally and have been kept in excellent
order since Steel rails have been substituted
for iron almost every where"
The examination Of the books aud accounts
OF the subsidized companies the Union Pacific
The Central Pacific, the Sioux City & Pacific
and the Central branch of the Union Pacific.
WIS done by W. i. Thompson assistant book.
tecpef; aid !. Jten1pef; clerk. IT concluded a
cnmpatis8h Of ths scports 81 the coiipanies
i'tndc to the Commissioner with their books and
accounts: No errors Or discrepancies were ds.
tected
The report shows :Ha,tt uup 10 december 81,
1851. the Union Pacific Company had disposed
OF 1884, S1 acres OF land the total cash receipts
from all sales amounting to &2e. 3a5 951. There
remained outstanding, Oh Bceohnt of titne sales
the -n'', - So, 555.Sol. The average price per
acre for all sales was $3.50 for the Union divis-
ion; -. - for the Kansas DIVISION and A24 for
the Denver division. A comparative statement
of the funded debt Of the Union Pacific Com
pany shows that on December 81 1887 the
amount of bonds outstanding was si15, sos, $50,
which is net increase for tho yeat OF II TSs 4T2
The revcnue OF the road for the Fear 1881 ag
:fegatcd st7; ff5 and tbs sxnenditur6s s19,.
29i, 1871, leaving stIEpius 81 5'83i 5ji The debt
of the Union Pacific on December 81 1851 was
1922, 43l, of which S6D, S6s, 500 was capital
stock. The increase for the year was II 801, 4 3.
The assets Of the road aggregated s?66 All ,137,
which was net intrhase for the year of q, ,S5S,-
319. The increase in surplus for the year was
7O51,13!. The total earnings for the aided por-
tions Of the road for the same period was s17,-
3,s7G an increase OF ST. LAB, 4a3: The expenses
aggregated st1, 1,439, 773 which was a decrease of
S3b0,0ta. Ihe increase III ths atn,;unt due the
United States was BIS 08O
The funded debt Of the Central Pacific road
on December b. 1887, is shown to have been
1877 135, $50 which is a decrease for the year of
fl,sl70C0. The revenue of this road for the year
was si5 2322 the expenditures fl37 3 POS The
financial condition of the road is shown as fol-
lows; Liabilities, including capital Stock $780,
e21,fi6: assets, T!22 1924; surplus t31 S3a 44s
or tho assets S2!,50dOG0 Is credited to farming
lands unsold" Which tie Commissioned be-
lieves IS not even. sd approximation, On ac-
count of overlapping grants, Which arc Liable to
be lost The total earnings Of the aided part OF
the road was sS,023763, the total expenses
E62,9,215. which is Il net increase in the earn
ngs Of the year Of S2i30G6.
No recommendations are made in the report