Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1897-02-25
TO GIVE UPTHE ROAD
Railroad Properly Being Sasre-
gated.
'LANs FOR A SETTLEMENT.
Portable Belongings Of the Central and
Southern Pacific Being
Separated.

Sacramento, saTB the Chronicle, are
discussing with tbs deepest interest
the plans which, according TO informa.
tion that hos been given cut, tho
Southern Pacific company has
undertaken for satisfying the obliga.
ton due the United States govern
ment from the Central Pacific Rail-
road company.
Since the recent defeat Of the fund
ing bill in Congress 1t is said to have
been accepted as the inevitable that the
bond.sided portion OF tho Central Pa
| cifio win 60 into the hands OF receiver
ss soon as the company deiRulted In
meeting the principal and accrued In
teEesl of the government su bsidy bonde
as they mature. From present inuics.
FAULT ON the LIST OF January next, when
a batch Of $40, 900, 900 Of bonds VIII fall
| due, ami unless sOme other means OF
| adjusting the government debt ID
| Arranged In the meantime the
teceivership will follow qulokly.
The officials who manage the affairs
Of the big RAILROAD corporation are pre-
pairing Tor q receivership. According
to the ntory that is now the su DjecI Of
| much comment and speculation III
| railroad circles, they have begun to
| adjust the affairs of the Central Pacific
| preparatory to making tender Of the
bouu.aded portion OF tue road to tue
government, or, at least, to be prepared
to turn over that portion Of the system,
IL IA an Ia fftr AZ
roGubed, real estate, shUps and all per-
sonRi and portable property TO the
receivers when they may bs ap.
/ polnte1.
James l. Felter, prominent rssi-
| dent OF Sacramento and lifelong
personal irieuu oi Coils z. Hunting
ton, mas been employed to segEcgaie
the Central Pacific cOmpany'a personal
| anu portable property from that OF
| the Southern Pacific company, and
those VINO are IN n position to know
| soy that this is the fret step toward
the tender Of the road and It's appuI-
tenaHces by Huntington to the gov.
| eminent.
Eeiter has been actively engaged In
THE work for two weeks, ana the shops
at Sacramento, which are at present
receiving ble attention, aFs the seene
I
larger buildings OF the group known
as the storer0om, contains u stock OF
| hardware lsrger by far than is carried
| by any store on the Pacific coast.
| For years all orders for car hardware
from Portland TO San Diego and TO
| Ogden on the east have been Allied
| from this stock, which is worth now
ovsr 81 100000. All this stock lie 10 bo
carefully segregated and IL III an IN.
dertaking that Will require several
mOnths. That is why tue work has
bsen commenced at this early date.
| The reasons Tor tho segregation were
not maue known to Felter, his
Instructions simply betng TO separate
the Central Pacitic from the Southern
| Pac tic stock
The Central Pacific railroad, "a now
constituted, includes the Western Pa
ctic railway, running from Sacra-
mento to San Jose, via Niles, with
which 1t was consolidated November
2, 1869; the California anu Oregon,
running from ROseville to the Oregon
state line; the San Joaquin Valley
railroad, running from Lathrop to
Goshen, and the San Francisco, Oak
land and Alameda railroad, running
from San Francisco to NiieE, and EN-.
bracing the local ferry and train sys-
tenn, the consolidation OF the latter
three companies dating I.om August
22, 1870. The Central Pacific main
line runs from Sacramento ito point
five miies west OF Oguen, making
total OF /, 1853. IS miles for all lines.
The governments lien Is only upon
that portion OF the company's line
which runs from point five miles
west OF Ogden through Sacramento to
San Jose over the old Western Pacific,
and TO eegregnte the property OF the
aided portion OF the line from the
other lines OF the Central Pacific ID "a
task which the managers OF the prop
erty have evidently decided should
be accomplished before the company
defaults at the end OF the present
year.
One OF the important assets to be
turned over to the government with
tue aided portion OF the line is the
unsold land grant. BY the scts ap-
proved July l, 1852, July 2, 1864, aud
July 70, 1866, the compan!es which
form the Central Pacific Railroad com-
pany received from the U uited States
grants OF land iu aid OF construction,
as iolIows; Central Pacific, 100000
| acres; Western Pacific, ], 100000 acre.;
California and Oregon, $500, 900 acres.
Total, l2,500,000. The land grant
termini are Ogden, Utah, and Saora-
mentO, CAL; Brighton, CAL, and
Niles, CAL; Niles, CAL, ana San
Jose, Cel., Roseville Junction and the
| southern boundary OF Oregon.
The report OF the company shows
! that the total cash receipts from all
sales OF lsnu w to Juue 80, 1894,
amount 10 s9.6s9, 92O.73, and there re-
mained outsta ndiug on account of
time sales at the same time, Sl,002,.
5S0.44. Only such land as was granted
10 tho company in aiu OF the constitute
lion Of the bOnd-sided portion OF the
road will be isken by the receivers.
'rhe equipment is another important
item OF property that will have to be
aggregated. The equipment at present
inuluuea 27S passenger AMI 20 switch
ing locomotives, In the passenger
service there are 342 cars ana 6,205
cars 10 the freight servlce.
Ii. Il. Huntington admitted that
Felter was at work on an inventory OF
the personal property in the shops, but
declared that the work was not being
done Tor the purpose mentioned. he
was unwilling to throw any light on
the matter Beyond Offering the opinion