New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-04-26

mai mterrst.'.''''' ii'f"-' ''N'NN' 49,
Total expenditures si4 ~ t sl2 73 e2i Dec se5 I5a
Surplus ............ 2CG3. 7j7 '2jHs4l Inc 4G61o9s
Deficit.
The annual report. which was submitted Is
theoretical one. embracing the whole system a.
constituted prior 20 the appointment Of the recev-
ers and not such n report as the receivers are
obliged 10 make 10 the Court concerning the prop
erty under their direct charge. The losses sus-
tanned by the sales Of securities pledged collateral
for the three-year notes less gains derived through
the purchases OF such notes under par. Involving
a net loss OF S926 $50. have been excluded from the
returns OF the year. The item OF taxes also In
chdes only taxes actually paid within the year Bet
terments amounting slS5 4O3 were charged to ex-
penses. but certain expenditures for new CONSTITUTE
ton. amounting 20 S23l.3D. and for new equipment
amounting 70 500 l9S. charged TO those ac-
counts respectively. During the recevershp 1t Is
understood that all betterments. new construction
and new equipment will be charged to expenses
whe largest decrease in gross earnings was upon
the Colorado lines owing 70 the silver crisis and
upon the Kansas lines owing TO the failure OF the
wheat crop ami the general prostraton or business
The tonnage statement shows that the greatest
decreases were in ore. coke. wheat and building
materials OF all kinds Fruit and vegetables. how
ever show an increase Of about 40 per cent Operat-
ing expenses show reduction OF about 10 per cent
I'm the various departments. The ratio Of operating
expenses to gross earnings for the whole system.
including taxes. was 7227 per cent against $3.50
per cent the previous year The gross earnings per
mile or road were S4eSS. against s562l in 1892 and
the ne, earnlnsS Az Sr tons one mile de-
creased from 2i9i006u 20 21Gl~4~. or about
= per o een, w"ne ca%ts Passengers carried on
mile decreased from 3J 900 30 10 3l1 63liS or about
10 per cent. while the rate per passenger per mile
fell from 2.3sS cents % 22'i cents. -, ......,o-
The bonds and stocks Of other railroad companle"
owned by the Union Pacific stand comparatively
follows:
Far value ysis, s23es ssoossfd
Total par ,alue...............s7so9sc's ssicoocoi
Cos, nor balance sheo,........ .*aoss3G4 sns7972'
The number OF stockholders Is still lessening. as
shown In the following table:
sl Dsf%r ST." i'aa II: 4S 9 $50 i ii.e
The number q shares held in ENGLAND incre2 iSss
W. wh 7 PH bares Th funded debt Of the system in
the hands Of he pnoc IS 81 Goa, an r aperass
earned as follows: ,
Income s'-i 2G e * 54 80
charges "'-''"o "'''''
balance OBSERVATION-DISCLOSURES. S6'+'' s''."S"
on motion OF Gardiner VI Lane the stockholders
approved investments made by The directors during
s67.co Un.on Pacific Railway Company Omaha
Bridge renewal per ceni Donis. $isLu" mon rSI
SIS $40 Kansas CRY. Wyandotte and Northwestern
Tn. acton OF the officers % the company in ex-
tending the $4,000 sinking fund per cent bonds
Of the Union Pacnc kailroat C9mPany E @as ao ~
fed. as well ~ All the actions OF thtlr bo",u vi
Directors and OF tho Executive Committee during
The I'niom Pacac lanl department has due 1t on
land sale N.ls.2-s. and the kansas pacihc rall-
Guiding accrued interest; The total amount OF cash
receipts IN All land departments the Bdst yer was
iand saes wera ssS @ compared With s5i in
1892. ana the net cancellations exceeded sa;es by
M mad am, net t increa.e IN its land Of 2 acres
The sinking fund per cont bonds outstanding
December 81 amounted 70 $4,000 against which
the trustee held in cash and contracts SSsSS With
say, t&ock interest 10 accrue on contracts masing
acres OF land. valued $i.i22ooo.
~ the directors meeting the presen, officers
chosen chairman of the Board. The executive land
and finance committees are substantially the same
a. last year. The committees the bridge over
the Missouri River and connecting lines were dis
The Boston News bureau announces from .s au-
AZ Washing,on and the Union Pacific Reorganization
debt To the Government Judge Ffoadly. OF New
York the representative OF the Attorney General
has been at work upon the details OF the mater.
his bl for an adjustment OF the railroad debt 10
the Government 10 which all parties In Interest. II
believed will readily assent II will then remain
with Congress to say II il Will take up the question
o. settlement at this session. and WASHINGTON ad;
the Committee on Pacific Railroads the measure
viii be taken up and passed possibly before the
tariff legislation Is finished
Attorney General Oneys hil provides for the fun
payment Of the Government debt and accrued in.
terest. The Government lien will remain unchanged
and be improved b. the cancellation OF slaOOe0 OF
first mortgage bonds 81 the railroad sinking fund
In the I'nitcl States Treasury. which VIII reduce
the first mortgage TO 100000. This will be eX-
tended by the railroad company for seventy-hve
years with annual sinking fund OF $4,000 The
remainder OF the United states Treasury sinking
fund WI. be used for the benefit Of the property.
I'ntl 1908 the Union Pacific VIII pay per cent per
annum uoon It's debt 20 the Government. and after
leoi (, Will pay principal and interest adjusted upon
n . per cent interest basis by means OF 100 annual
PAYMENTS 10 the Government OF sl.6OoG0.
II Is provided that the total fixed charges OF the
COMPANY shall not exceed tS5G000 per annum. To
accomplish this the Reorganization Committee has
agreed upon a per general mortgage bond
for the absorption OF the junior liens OF the COM
many: but many OF the prior liens will no. be in