The record-union., 1899-07-27
EQUALIzERS MAKE INQUIRY.
THE STATE BOARD HAS A BUSY
DAY.
Railroad Companies File State
ments, and One Appears by
Agent.

ZatiOn met to consider the condition of
three railroads-the Sierra Railway of
California, the Alameda and San Joa-
quin, and the Sierra Valley
Statements concerning the condition
of the Alameda and San Joaquin, and
the Sierra Railway of California were
filed early in the day.
By the statement of the Alameda and
San Joaquin the following facts ap-
peared Miles of main track in San
Joaquin County, 33. 90; in Alameda.
2. 70; miles of sidings and spurs in San
Joaquin, 3 go; in Alameda, .65; total
of main track, 1868; total of main track
and spurs, 4O.13.
Rolling stock: Two locomotives, val
ued at $500; one steam shovel and
plow, $1,000; 6S fiat freight cars, ST.
900; 10 dump, hand and section cars,
$500; all other cars, 81, $4,000; total
pieces of rolling stock, lib; value $685.
600.
Operating expense per month, $1,000;
no receipts of any kind, for the road is
operated in partnership with coal min
ing operations and not as road for
profit.
From the statement of the Sierra
Railway Company of California the
following facts appeared: Miles of main
track in Stanislaus County, 10; of
spurs, 8; main track in Tuolumne, 25.6;
of spurs, IA; total of all in Stanislaus,
1913; in Tuolumne, 81. The value of the
entire railway, rails, ETC., is SITS, 400,
the entire length of the road being 46.S
miles. Further valuations appear as
follows: Four locomotives. $4,000:
passenger car, $1,000; 1 smoking car,
$1,000; l baggage car, $1,000; 2 box
freight cars, $500; II fiat freight cars,
$4,000; dump, hand and section cars.
$500; total number, %; value, $14, 500.
Under earnings" the following facts
We're given: Passengers, $53, ,24O.45;
freight, S103, 3,912.67; mail and express,
$5, 720.49; miscellaneous, .$1S4.1S; total,
$163, ,117.79.
Operating expenses, $72,724.47; taxes.
S1.6S4.96 miscellaneous, $685. S,SO4.63; to-
tai, 1853, ,214.63; deficit, $96.27. Interest
last year assessed at $1,000 per mile, in
Guiding everything.
At the afternoon session General
Manager T. S. Bullock and Attorney =.
D. Woods of the Sierra Railway Com
pany appeared for their road and an
nounced themselves willing to answer
any questions asked concerning their
property and it's earnings.
I'VE are here to answer questions"
said Mr.. Woods, but 1 may say that
We are at present very largely a con-
struction company. We've had to re-
build nine miles out of some forty, but
by April we hope to be in full opera
ton. Your last assessment of 81 900 a
mile satisfies us. We are now finishing
from jamestown to Sonora, having at
present some twelve miles under way
in the neighborhood of Carriers. The
road has developed the country, though
it does not yet pay"
Under examination it was developed
that the roads stock is placed at 81
900, 600; that $642, 900 are invested in 6
per cent. first mortgage bonds, and the
same amount in income bonds, at per
cent. also.
I'VE pay about 5000 a mile for rights
of way" said the manager, 'and use
81 40 tons Of steel to the mile: it is
worth about $50 ton. None of us re-
ceive any salaries yet" 1t was shown,
however. that Mr.. Bullock was Presi-
dent of the Construction Company that
built the road, and he owned part of
the Arizona Central which sold the new
company it's secondhand rails etc. It
came to light that this alone cost 81 ,344
a mile in places, the freight on the
water-soaked redwood ties being as
high as II cents each. The road cost
SO, 1874 per mile, exclusive of grading,
and in places grading cost $4,000 per
mile.
There was a large area of the road
that had to be moved. Trestles were
taken up and the road was being placed
on a more solid foundation all through.