The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-09-30


Union Pacific receivers were appointed
last October, there was much specula-
ton as to the condition of the COM
pany's affairs. Judges Sanborn and
Caldwell, of the Eighth federal dis
trict, issued an order shortly after
ward, designed to make public the
true situation. They ordered that a
report be made of the condition Of the
--Cnion Pacific interests as the re-
ceivers found them when they took
charge, including the business trans.
acted the balance of the month. This
was from October Is to 81, 1893. This
was on the theory that an intelligent
estimate might be made of future bust
ness from this basis. The court also
requested the report to show what cash
passed into the receivers hands.
1t has been almost a year since the
road passed into the hand of re-
ceiver, but not until today has there
been any official utterance on the part
% the receivers along the line re-
CURED by the court. Master in Chanc-
cry Cornish had views as to the manner
in which the report should be made,
and it required considerable work to
have the comptroller of the system
undo some of the supplemental reports
!. which were filed with him.
Y The report is signed by Oliver w.
Mink, Z. Ellery Anderson and F. R.
Coudert, on the part of the receivers,
and shows a consolidated statement of
cash receipts and cash disbursements
and a statement OF the financial opera
tions of the receivers to each of the
dependent companies:
Receipts.
Cash on hand October Is, 1893, $685.
147.13.
individuals and companies collec-
tions for labor, material, ETC., on
October 10. S1SS, 1855.
Cash receipts from business subse-
Quent to october Il. 1898, $S7,522.S2.
Total. ST, 271.47.
Station agents and conductors on
account of assets October 10, 1888,
ssO9. 1895. 95; subsequent to october u,
from the came sources, S7SOSfo.lO;
total 1853, 1855.
From foreign railroads on account of
assets, October 49, 1893, $1S3,S3l3 S;
subsequent, S24, 54055; total, S2OS,27l. 9S,
From the United States government,
on. account of services rendered, cash
receipts October 1S, 1898, $15S, rs;
hotel department cash receipts Octo-
Der Is, S7,054.S1; subsequent, $IO49.O4;
total, S14, 103.S5.
Union Pacific Coal company, cash re-
ceipts, October 10, $685. $1S,195.9S; sub
segment, 81, SS2.7 20; total, $50.
Total receipts on account of assets,
October IS, 1893, S1,174, SSS.15; subse-
quent, SSH, S2O.S1; grand total, $2,545,-
65S.96.
Disbursements.
PAYMENTS for material, expenses, etc,
October Is, 1893, S205, 901.95; disburse-
.nents account business subsequent to
October 13, 1898, S64, 30S.45; total, $780,
24035: salaries. pay checks, etc, Octo-
Der 10, SSl9.245.eS; subsequent, S64S1.27;
total, SS25,67S.95; station agents and
conductors, October 13, $43,s23.35; sub
seauent, s121, SSO.77: total, $165, 2O412.
General agents, October 1S, 1881. SO;
subsequent, $16,0U7.6S; total, $2S,5S9.61.
Foreign railroad companies. SIS, 213.41;
subsequent to October u, S1,300; total,
$50. 5l3.4I; Western Union Telegraph
Accompany, S6.0S4.44; Union Pacific Coal
company, S9,7SS.56; subsequent TO Octo-
her II, $13. $3.50; total, $23, 070.36
Green River Waterworks company,
$3.50; Rattlesnake Creek Waterworl1s
company, $3.50; land department, in
GLIDING expenses and taxes subsequent
to October u, $14, 406.6S; total disburse-
anent on account of liabilities, October
10, Oil l,0o4.Uf, disbursements on &C
count Of business, 1921, 231.2 %; grand to-
tai, S1,40S,S15. Cash on hand. Octo-
Der 81, 1893, including S200,00O in transit.
Omaha to Boston, S1,12e S4324 From
October 13 to 81, the gross earnings of
the Union Pacific company for its main
and constituent lines. S2,07s, 793.49.
Income received from investments,
$4,000; land sales and land income. ex-
GLIDING granted lands. 1925. 81: other
81 -.
main line, 1912 639.65; from constituent
lines. $1,047, 9S3.04; from miscellaneous
companies, S11S.91499. The Union Pa
cific Coal company earned during the
period above mentioned, SIG. O2214. and
the main item in the miscellaneous
companies head; the grand total re-
ceipts from all sources during the pc
1iod from October 13 to 81, were s.. O79.-
537.6S.
The operating expenses of the main
Zine, constituent and miscellaneous
companies were $1,252. O27.79; taxes, s45,-
6fS as other expenditures. S57. sos. 35-
S51,441.35 representing United States
earnings, including the gross earnings
but deducted in the report on account of
ats being withheld by the government.
Total expenditures-On main line $685.
1862; constituent lines. $500 21S.77: mis-
cellaneous companies, SS9,ST6.S3; grand
total, 81, 355. 26I. 50.
During this period the main line
earned S2S7, z7363 over the expenditures
and is placed in the surplus columns
of the report. The Carbon Cut OFF
Railway company. the Denver. Lead
Vile & Gunnison Railway company.
the Junction City & Fort Kearney Raft
way company, the Laramie. North
Park & Pacific Railway and Telegram
company, the Kansas City 6. Omaha
Railway company. the Bozeman Coal
company. show deficits, while Others
shows surplus earnings. making
total Of 1924, 276.o6
The Hint Significant.
Master in Chancery Cornish. after
verifying the figures and giving gen
orally the manner in which the roads
have been operated, says somewhat
significantly:
1.-THE results as shown by said state
snent are that while the trust proper
ties have, as whole, earned more
than the cost Of operation, several of
the constituent properties have been
operated at a loss. These deficiencies
have necessarily been borne temror-
arily by the receivers out of the
moneys derived from the operation of
tina paving properties. and it has not