The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-04-30
RAILROAD REPORTS.
The Union Pacific and South
ern Pacific.
DECREASE IN THE PROFITS.
union racifc's Loss Attributed % Den-
Client Crops Last Year in Oregon
and waahington.

BOSTON, April sa-The Union Pacific is
sues its annual report today. While the
Union Pacific proper shows substantially
the same result as in isSs, the " hole system
shows comparative loss in the surplus Of
$i07 600. the surplus for the year being
N.l45.ooo, against 81 .552. ooo in the previous
year. This loss. President Adams states. is
due 10 decreased earnings Of the Oregon
Railway & Navigation. by reason
of deficient crops in Oregon and Washing
ton.
The whole system. $50 miles, shows
gross earnings s3i. o7o 900, increase SSH. 600:
net earnings $l1 .ls6, 600, increase xTS5 900;
income $is. 033, 600 increase $751; 900. There
is an increase of $a6a 900 in interest charges.
$4,000 in sinking fund. $isi goo in dis
count, ETC., $4,000 in profit and loss. The
deficit OF the St Joseph Il Grand Island de-
creased So 900; that of the Oregon Railway
Il Navigation increased $751;, 600: that of the
Central branch decreased So. onn; that of
the Montana Union increased Sl07 200. that
of the Kansas City & Omaha increased Sat-
900. The total expenditures were $40. $751;
coo, increase sl5S,o0: balance sI,Ia5ono:
increase si07 .0o0s earnings on stock ISIS per
cent last year 255 per cent
The company expects an important adj
vantage from the consolidation OF the
Union Pacific. Denver & Gulf, as from the
Oregon Short Line and Utah Northern, 10
prevent another contest with the Nortn-
ern Pacific for the control of the Oregon
Railway Navigation Company. To re-
duce the rental charge OF the Oregon Short
Line and Utah Northern. the company has
purchased the majority of the Oregon Rail-
way & Navigation stock, the money TO
carry which could be better borrowed at
per cent. less than the rental which had to
be paid. This represents an addition of
$1,os5, 900 in the Investment account, to be
further increased in completing the trans
action by s5.0on,00. 1t is intended to is
sue collateral trust 5 per cent. bonds of the
Oregon Short Line and Utah Northern, Sc
cured by stock of the Oregon Railway &
Navigation Company.
The total debt due the government on
December 80 was $50, 9oS, 900; amount to
the credit OF the sinking fund In the United
States treasury, $SS6. 900: increase of 81, o7i,-
GOO for the year.
The gross earnings per mile from the
whole system were $t,0ls, against g. $50 for
the previous year. and net earnings s.. i6s,
against 81 ,074 for the preceding year. The
average debts per mile in the system have
been reduced by s6. 200 during the last six
years. and are now $as.063 per mile, COM
pared with $35. 10 per mile on June 80, 1884.
The Oregon Railway and Navigation
Company had gross earnings $6.0i6. 900. a
decrease Of 1861. 600: net earnings, 81, 5ssS,-
600. decrease of SOFT 900. The be.terment
account is credited with So 900, compared
with a debt of SAL 600 last year. so alto
gether its charges decreased by 500. 0Ss.
The net deficit for the year is $780, an
increase of $685.. 0s7. The Oregon Railway
and Navigation Company had to assume
this deficit, and its account for the year
stands as follows: Gross earnings, $751;
345; increase. SAL, sos: net earnings, s.. 62s,-
6ts5; increase, 1915. 500: total income, s3.O77,-
637; increase. $7ii.oai: bond interest,
81. s3i. s79: increase. s6S Isl. discount in
terest, $2i6.75i; increase. $50. 4ss: loss on
Oregon Railway and Navigation, $736, a05;
increase. s5s7.0s7; surplus, $3.50, 799; in
crease, $i75. 365.
The Oregon Short Line and Utah 4
Northern earnings will be increased by the
completion of 2i2 miles OF Oregon Railway
and Navigation branches. Bonds will be
sold from time TO time for reimbursement
of the cost of expenses.