The Brookhaven leader. [volume] (Brookhaven, Miss.) 1883-1891, 1888-10-11
PAGiElQ RAILROADS.
General Joseph y. Johnston Satisfied with
Their Condition.

wAsHISGT6N Oct 5.-General Joseph r.
Johnston, Commits ssioner OF Railroads, in his
annual report ID tho Secretary OF the Interior,
states that the railroads south or the Southern
and Central Pacific and east Of California have
been Inspected during the year by Mr.. Hassard,
the engineer OF the ONCE. The Commissioner
inspected the Union and Central Pacific and
all the roads In California and Oregon connect
ed with the latter and those IN Washington
Territory These roads" he adds orc all in
very satisfactory condition. They were well
built originally and have beer kept in excellent
order since. Steel rails have been suFstl rftsd
for iron almost everywhere"
The examination OF the books and accounts
OF the subsidized companies the Union Pacific
The Central Pacific, the Sioux City Pacific
and the Central branch OF the Union Pacific,
was done by w. :. Th-nnsnn, assistant hook
keeper. and }. Kemper, clerk At cOE'tndH@ =
comparison OF tbs reports OF the companies
made to the Commissioner with their books and
uvv~.@ts: uvv~~.:s:: No errors or discrepa"c'"' were de-
tected
The report shows that up TO December 81,
1884, the i1nion Pacific Company had disposed
NJ - ahi 1s affas Of land the total Gosh receipts
frb'r all sales amounting 70 t2s au5 a5l, There
ter4ainci otis landing on Sc6otnt Of time sales
tic sum /. via, 5gS ST ThA afetage price per
acre for all sales was sSO !ot tHe Tni''n, Sitis
ion; 1872 for the Kansas division, and S2f fHr
the Ifcnyer division, "A comparative statement
al the funded debt al the linton Pacific Com
pany shows tnat on UtCen.tc. a. 1851, the
amount OF bonds outstanding was sllj, sos 639,
which is net increase for the year OF u, ,7sS Ar
The revenue Of the road for the year 1885, ag
aregated Al, 1g9 BIS, and the expenditures sla
2o1, 9s1, leaving surplus Of g, ,s31, ,53i. The debt
o. the fni1n Pacific on December 81, 1885,, was
Err 81 45I. oi ,yHisr s6b ssS Ah wBs capital
stock The increase for the year Was q, Hl',i B.
The assets of the road aggregated s2G6 45l ,l31,
which was a net increase for the year OF ss,S1S,-
31q. The increase in surplus for the year was
1,O57.13! The total earnings for the aided por-
t1ons OF the road for the same period was III
413,276, an increase Of NIB l53. The expenses
aggregated 81 l439 "a, which was decrease OF
sSjO,0is 1hh increase m the amount doc the
UnitEd 5tdtfS was Is, 0It
The funded DIRT o. the central Pacific road
on becethber 81, 1881, IS sh6WH ~ haze been
81 IL, ,GSn which Is decrease for the yeat Of
q s!7OOO. The revenue Of this road for the wear
was as 232 20. tic cSpenditrres az .3"o5. The
financial condition OF the road I" shown rs fol
lows: Liabilities, including capital stock, siTl,
22I 7G6 assets ss29 061 ri; surplus, '3 S3a iiS.
or The assets A.! 10000 is credited to farming
lands unsold. which the Commissioner be-
lieves is not even an approximation, on ac'
count OF overlapping grants which are llab'e &c
be lost The total earnings Of the aided part oi
the road was fs023. 763, The total expenses
81, 21q 21j. which is a net increase in the earn
ings OF the year OF s213p6.
No recommendations are made in the report