New-York tribune., 1890-04-29
RAILROAD INTERESTS.
.vvI-AI, REPORT OF THE UNION PACIFIC
SMALL LOSS IN sURPLUs-FiNANcLS OF III
ENTIRE SYSTEM

SMALL LOSS IN SURPLUS NA.>Ni~' ~ -'''
ENTIRE SYSTEM.
pos,or Anril cs-Thc Union Pacific Railway Com
many issues its annual report TO siocKhoiner' "us
II follows the form Of previous reports j. conp'ev
in every detail, covers every brahch anu in'es'0"
interest OF the system, and IS supplemented os 'os
>, tna contract OF alliance with the ct;cs ana >ort"
ost.r,, pa,road the report Of Goverhment Director
snalding the senate bill for settlement Vi '"o
pacific railroad debts and the Senate Committee IT,
mort While the Union Pacific proper SHOWS sup
stantially the same result A. for l-7-' ''' ""''
system shows a comparative l0>> I'D ou'Pi"' ~
s4O7 600 the total surplus for the year pc'ns
nj las 900 against 81 .552 600 In the previous year
This loss. President Adams states in hi> Introductory
remarks was due 10 the decreased earnings OF ''
oregon Railway and Navigation Company by rra''"
~ deficient crops in Oregon and Washington Advances
made by the Union Pacific To meet the dchcieh'S Oh
roads where IT is a stockholder may hereafter ~ "
maid bnt President Adams shows the operation "'
the whole system. charging of all these ahVah''' /"
cover deficits. well A. the operation "' inc NN''"
proper slightly condensed. the whole system "'l7"
miles shows: Gross earnings 4l O7O1-2. an Increase
N s.74659: net earnings, ll.l31,311 an lh-
crease OF S73j}37 total income, rl-p'-''"7'
an increase Of s75 O36 interest on bonds. r'op' OH
an increase OF 80 37G other interest charge. tl-'-
no6 an increase Of s2Ga.o sinking fund, $-il'li-'
an increase Of Sl9i 1.l United state, requirements.
Il
etc OIL an Increase Of Sl61,15G land expense
Union division @6l 1886. a decrease Of T1i'@ Pi"h'
and loss, s419.O71 an increase Of S9j,Glo ~ Joseph
and Grand Island deficit. t6JOO3. "A decrease "'
s7l9l5: oregon Railway and Navigation deficit F''"'
oO6 all increase Of sis7 ,O-- Central branch drh''
sosO.377. a decrease Of S6I ,64l; Montana 'nloh
deficit. clargeablc 10 Union Pacific Sll7'OO"' an Ia
crease Of SIO7 .3lI: Kansas city and Omaha dch'''
s46s76 An increase Of $i6.j7G; total expenditures
s1Oa87 7G4 an increase Of SI.15S.053. balance
81 IA 9O4 a decrease Of Sio7 oo7 earned on STOCK.
5s pcr cent last year 2.55 per cent decrease o ~"
per cent.
The company expects as important advantage II""
the Consolidated Union Pacific, Denver ana ""i ~
from the Oregon Short Line and Utah To prevent
further contests with the Northern Pacific for lhc con
troll Of the Oregon Railway and Navigation Company
and TO reduce the rental charge thereof the 'ies"
short Line and Utah Northern Company purchaser d
majority OF the Oregon Railway and Navigation S"'''
money to carry which could be obtained at per cent
less than the rental which had 10 be paid The
renresents an addition Of ~ 005, ,209 in the investment
account Of the company 10 be further increased Oh
complctng the transaction by SJ,O0o,00O. 1t j.
intended 10 issue collateral trust per cent bohn oi
the Oregon short Line and Utah Northern secured pS
s,ock of the Oregon Railway and Navigation 'oni
n,nyj The total debt due the Government Dcce"i'
r~r 40 1889 was sjo,eO2.765. The amount TO the
cedi of the sinking Fund IN the tnitcd s,a,e, nS,
rreasury was SO, 9,o65,0OO, an Increase OF Tio'9'3'I
~ ,nn year IN 1890 the secretary OF the Treasury
M ,oi I'D s1GO 900 United States per cent bonds ~
a l,nIng Fund and Invested the proceeds In Paclic
,,,ad ,,i1 bonds prior 70 the Government hcn Ihc
~ ON the amount Invested Will be raised 10
@ nont The ,grOss earnings per mile from 'he
pei vs.em were .G,O1s, against @J,J79 the pfcVl"u
M M"ho' End the net earnings were FIGS, against
ycai., n, the preceding year.
o-;U'rf "crare debt per mile In the system mas cech
lns. s6 800 during the last Six years ana Is now
rednccaa e. mile a. compared with *35lTo per milo
T2o,oD3 poI construction was not important, only
June oo, loo miles of new main track being built
twenS na nregon Railway and Navigation Company had
Inc n'Ds oas Of s6 Ol 5,sJ1, decrease of Td63,yO1
gross Awnings Of 81 500, ,997, decrease OF S677116
anu al ~. ,,erment act got credit of xl2I13o as com
Ihc ieetha ih a debit OF $I40611 last year 50 that al
p.iar paIc.ui is charges decreased by T20o,o77. Thc
sca, for the year @736.OJ, an incrcasc oI
l on The oregon Short Line ana titan ana N"rth
4oo "a ;o assume this deficit and It's account ioi !nc
eri m "a1 'vds As follows Gross earnings, |ooI2,39'
Ican Io ~ Al aO5: net earnings %2,027,OGo ncrease
ap, 20" total income 20 or 67 increase ~ o1
,n,crcst 81 634 ,e7D; Increase. T"Slo1 ni>
pohu ''i,u,n,eSt etc. $2I6754 Increase Fso1ro :
count, , rrecon Railway and Navigation COMPANY
rgoc 90 incrcase 1887 ,0S7 surplus, S2oo1y' IN
@ @aoo-" Al =. 36J The Oregon Short Line ana ''ah
S xorhern earnings will be increased by the CON
any ' 20 90 miles Of Oregon Railway ana Navigation
re.'n nv branches Bonds will be sold from thi' u"
Psr reimbursement Of the cost of the cAensios
u u,o 'ii,ion nj eight hundred thousand dollars 0l cor
,..i trust bonds have been sold since tic cIo, vi
~ ~a.r unon this account. The oregon sh0rl lno
~. I .isn enId 10 the Union Pacific Company n';,1i
NE oS cn,I.terai trns bonds secured by oregon ha"
and Navigation Company stock