The morning call., 1894-09-30
Report of Union Pacific
Receivers
ORDERED BY THE COURT.
1t has Been a Long Time i'm
Coming.
CASH HELD BACK BY UNCLE SAM
The Paying Branches Forced to
Support Those Which Have
Not Been Profitable.

dllcI HaIu pTOVlul0g LOT making PUBIC
the true situation. They ordered that a
report be made of the condition of the
Union Pacific interests as the receivers
found them when they took charge, In
Guiding the business transacted fer the
balance of the month. This was from
October Is to 81, 1898. This was Oh the
theory that an intelligent estimate might
be made of future business on this basis.
The court also requested tnat the report
show what cash passed into the receivers
hands.
II has been almost year since the road
went into the hands of receivers. but o OF
until to-day has there been any official ut
terance on the receivers along the line re-
Quired by court. MaSter-ln-C hancery
Cornish had views as TO the manner in
which the report should be made and ii
required considerable work TO have the
comptroller of the system undo some of
! the supplemental reports which were filed
with him. The report is signed by Oliver
| w. Mink, Z. Ellery Anderson and +. Il.
| Coudert on the part of the receivers and
shows consolidated statement of cash
receipts and cash disbursements and a
statement of the financial operations of
| the receivers to each Of the dependent
companies.
The cash on hand October IS, 1893. was
1928. 147 Is. Individuals and companies,
| collections frr labor. material, ETC., on Oc-
tober Is. $13374 60; cash receipts from
business subsequent to October ~, 1898,
S37, 500 S2-total, Sill, 271 AZ. Received
from station agents nd conduct rs on az
count of assets October Is. 1S93 1909. 339 95.
subsequent October 10, from the same
sources, $3.50 375 70-total. $l,639. IT'S 60.
| From foreign railroads on account of assets
October Is. 1888. SlS3. 731 So; subsequently,
! $24,54 55-total. S20S.27l 93. From the
United States Government on account of
services rendered. cash receipts October
Is, 1893, S153. 500 70. Hotel department,
cash receipts October Is, $7O54 81; subse-
quently, $7,049 C4-total. S14, 1913 So Union
Pacific Coal Company, cash receipts Oc-
tober Is, 1898, S1S.725 9S; subsequently,
! $11, S32 70-tolal, $40, 55S 6S. Total receipts
on account of assets October Is, 1898,
S1,734. 1873 IS; subsequently,. $811. 800 81.
Grand otal. S2,545, 65S 90.
Disbursements-Paym for material,
expenses, ETC., October 49, 1898, 81 Is. 931 80 /;
disbursements on account al business sub
sequent to October Y. $685. S64. sos 40
total. S270,240 50. Salaries, pay checks,
ETC., October Is, SS19, 245 IS; subsequently,
S6431 27-tOtaI, 1926. CTS 90. Station agents
and conductors. October 10, S43, 1913 50
subsequently. S121, $50 77-tot |, $685. 2O4 II.
General agents, October 13, $752l 90; sub
seQuently, $16,067 6S-totai. 1913. $50 81. For
eign railroad companies. S79,213 IL; sub
sequent to October Il, $l30O-total. $780,
Wacforn I1ninD fralaUronh Cou,
pany, $6OS4 "a Union Pacific Coal CON-
Dany. S9733 30; subsequen ly to October
IL, $13,336 so - total, $23,070 sc. Green
River Water Works Company, S26 30;
Rattiesnake Creek Water Company. So 80:
land department, including expenses and
taxes subsequent TO October II, S14, 406 6S
total disbursement on account of liabili-
ties October Is, S1171. 5S4 OF; disburse-
ments on account of business, $685., 231 65 /:
grand total, $l.4OS, S15 70; cash on hand
October 81, 1893, including 100000 in
transit from Omaha to Boston. 81, 1876, S43 "a.
From October IS To 81 the gross earnings
of the Union Pacific C. mpanv for its main
and constituent lines were $2.07S 703 40 ;
income received from iDve>tm nts, 1878 90
land sales and lend income, excluding
granted lands, S325 81; other receipts.
S39 sc: total rece pts from the main line.
1912 $50 Go; from constituent lines, ST.
O47 9S3 "a: from miscellaneous companies,
S1l69 l4 80
The Union Pacific Coal Company earned
during the period above mentioned $116-
O22 IA, and the grand total receipts from
ell sources during the period from October
Is to 81 were S2.O79. 537 6S.
ba nff ha in ioo
constituent and miscellaneous companies
were S1,252, 027 70; taxes. S45, 67S As; other
J expenditures, S57. BOO 80.
| The sum of $57, All 50 represented the
United States earnings included in the
gross earnings, but deducted in the report
on account of its being withheld by the
| Government.
Total expendiures-On the main line,
| $685. Ice OF; constituent lines. $640, 2lS II;
miscellaneous companies, SS9, SIG So; grand
total. S1,355. 261 81.
During this period the main line earned
$2S7. 473 CO over The expenditures, and this
is placed in the surplus columns of the
report The Carbon Cutoff Railway Com
pany, the Denver, Leadville and Hutchin-
son Railway Company, the junction City
and Fort Kearny Railway Company, the
Laramie. North Park and Pacific Railway
and Telegraph Company, the Kansas City
and Omaha Railway Company and the
Bozeman Coal Company show deficits.
while the other branches show surplus
earnings. making total of 1924, 276 o.
Master-in-Chancery Cornish. after veri-
flying the figures and speaking generally
of the manner in which the roads have
been operated, says somewh hat significantly
1.-THE results as shown by said statement
are that the trust properties have as a
| whole earned more than the cost of opera
ton, several OF the constituent properties
have been operated at a loss. These differ
ences have necessarily been borne tempo
rarily by the receivers out of the moneys
derived from the operation of the paving
properties. and it has not yet been deter
mined how these DEFICIENCIES of non-paying
properties shall finally be borne. Ii 1t shall
be determined that these deficiencies or
any portion of them shall be charged
against any property other than those
against which they occur material changes
In the resources of the paying properties
as indicated by said statement by actual
operations will result"