Los Angeles herald., 1890-04-29
GENERAL TOPICS.
The Union Pacific's Annual
Report.
Operations of the Road During
the Year '89
Earnings, Indebtedness, Mileage,
ETC., in Detail.
Cold-Blooded Murder Near Fresno-The
Murderer Pursued and Shot-A Young
Miller's Horrible Death.
Associated Press Dispatches. |

Boston, April 2S.-The Union Pacific
issued its annual report today. While
the Union Pacific proper shows substan-
TALLY the same result as for 1888, the
whole system shows a comparative loss
in surplus of $407 900, the surplus for the
year being 81 ,145, 900, against 81 ,552, 900
the previous year. This loss President
Adams states is due to the decreased
earnings of the Oregon Railway and Nav
igation Company, by reason of deficient
crops in Oregon and Washington.
The whole system, $3.50 miles, shows
gross earnings, $31 100000; increase,
1915, 900; net earnings, $1,196,000; in
crease, $735, 900; income, $12,033, 900 /;
increase, $75, 100.
There is an increase of $269, 900 in in
terest charges; $195,00O in sinking
funds; $1s1 900 in discount, etc.. $685.
600 in profit and loss.
The deficit of the St. Joseph and
Grand Island decreased $4,000; that of
the Oregon Railway and Navigation in
creased $3S7 900; that of the central
branch decreased 100000; that of the
Montana Union increased $107 900 !;
that of the Kansas City and Omaha in
creased $47 900.
The total expenditures were $1O,SS8,-
900, an increase of $1,158,000; balance,
81, ,145, 900; decrease, $4O7 900.
The earnings on stock were 1.S8 per
cent, last year 2.55 per cent.
The company expects as important
advantages from the consolidated Union
Pacific, Denver and Gulf, as from the
Oregon Short Line and Utah. To pre-
vent another contest with the Northern
Pacific for the control of the Oregon
Railway and Navigation Company, and
to reduce the rental charge, the Oregon
Short Line and Utah Northern purchased
the majority of the Oregon Railway and
Navigation stock, the money to carry
which could be better borrowed at one
per cent. less than the rental which had
to be paid. This represents an addition
of 81 ,095 600 in the investment account.
to be further increased in completing the
transaction, by 100000. 1t is intended
to issue collateral trust fve-per-cent.
bonds of the Oregon Short Line and
Utah Northern, secured by the stock OF
the Oregon, Railway and Navigation
Company.
The total debt due the Government
December 30th was $50, 1903, 900; amount
to the credit of the sinking fund in the
United States treasury, 1885, 900; in
crease, ST. ,074,0OO.
For the year the gross earnings per
mile for the whole system were $6,O1S,
against s., ,989 the previous year, and net
earnings 81, 1853, against $2,074 the pre-
ceding year.
The average debts per mile in the
system have been reduced $4,000 dur
ing the last six years, and are now $685.
1858 per mile, compared with $35, ,170 per
mile June 80, 1884.
The Oregon Railway and Navigation
Company had gross earnings of $6,016,-
900, decrease of 1854 900; net earnings,
$1,566,000; decrease, $677 900. The
betterment account was credited with
$128, 900 as compared with the debt of
$141 900 last year, so altogether its
earnings have been decreased by $780,
$736,OOO; increase, 1887 ,OS7. The
to assume this deficit, and it's account
earnings, $6,512,345 increase, $741 ,S05 !;
net earnings, $2,62S, ,665; increase, $685.
500; total income, $3,077 ,637; increase,
$71l ,o9s,;; IL bond interests, $!l,s34,s79; in
crease, $6S, ,l54; discount, interest, ETC.,
on Oregon Railway and Navi-
cation, $736,205; increase, $3S7 ,OS7 /;
surplus, $2S9,797; increase, $175,365.
The Oregon Short Line and Utah
Northern earnings will be increased by
the completion of 212 miles of Oregon
Railway and Navigation branches.
Bonds will be sold from time to time for
the reimbursement of the cost OF ex-
tensions.