The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-04-28
GOVERNMENT MAKES
RAILROADS PAY UP
Debts of the Pacific Companies
Are Being Collected.
ONE ROAD TO BE- SOLD
SIOUX CITY & PACIFIC COM
PANY 10 GO UNDER HAMMER,


Especial Corressondence.y
washington, April 21--During the pres +
ent administration, beginning in March,
1887 the de5t Of the Pacific railroads IN
szlxes IN aid Of the CONSTRUCTION 81 the
roads. together with interest on SAID
bonds has been largely eollscted and Sc
CURED 70 the goyernment and the follow
ing sums paid into the treasury
From Union Pacific railroad It
principal and interest paid m ss..
From X Kansas Paeific.-sr,
T psid a, run Principal Sc $4,000
Dividend received on
suit instituted by at SIR
tOrney general on III .e
terest account ,e......s~ sd .S9S 7,l24,S9S
From Central tactic apd West
ern Pacific risiilrolas, part pa -. -,
Iaent Of principal and interest. i, l36, $50
Total ........ $50. 7oa. az
IN the adjustment OF the. Central Pa
eific and the W est ern, Pacific debt dnder
SeItleI1anta agreement of -F'eD L. 1923, the
efldre debt Of that date. namely. S.. Si2.-
%. IS secured TO the United States by
twenty .senlt-annUai notes Of 81 $50, 639. IS
each, bearing interest lsit 8 per cent per
eutlclDated and paid6 secured by collat-
eral bonds bearing interest-.at 4 per cent
$40. 50 reeeaYed from the Pacific rail-
roads should De Increased BY, the sum OF
81, lps, $50, TIE amotsnt OF the fsentral Pa
paid, but guaranteed to the Tinted states,
which would make an "a eseresate of S124-
nlslt on .tct.otii1f- 81 me iTie5t el5,tss Of
fne roa ols 20 the present Gate These set
Elements have been secured to the gov
eFnment as the results, Of proceedings
conducted dpriRg the present adIninistra-
ton. Fl,
Paid Into Treasury.
Under a deficiency suit instituted by
1885, Sr7i st,I,'ai lt o. "A
amOunttag 10 Ss.e28 .1G7.f the sum OF ssh. SgS
has ALREADY been received and paid into
statement. and further payment on said
account is expected 70 be. made, at an
The Fc1naining Indebtedness or the Pa
ellc roaFLs- nos yet sebtied on June 80.
Sentras branch Union Pacific
ssiouS CITY < Pacifie raiircad fisS.55s 4
Total .e...t..-....s 4, .g7.gfg M q
Under act rof -cofi@yress OF .Tulte s 1900
IN the case OF the Sioux CITY x Pesinc
railroad and proceedings taken by che
attorney general in. the ease Of tho Cen
tral Branch Union Pactfic railroad, set
fected. .-,te-- -
The aeteof -June 5. 1850 ito create a
cOruTni SSion TO make settlement and adj
lustment with the Sioux Gify and Pacific
Railroad COmpauy-of rs fndebt ednesS to
me government. ,dos5gnated the secTe-
and the secretars. OF the int erior as such
commits slons nder this power tho COM
III a an
lIeupclpg that II VIII sefi a. public sale
tl ~; rights ana c5finands, Of the e nit
q Pacific Railroad COMPANY on account
~ III connection with. and arising from
the isslwncs of subsidy bonds by the
United states 20 said Sioux City & Pa
cihc ftai.rOad- company, under and hy
Y {i,1.s o. She act Of co2gress approved
These claims and demands consist Of
y $3.50 principal. ana about s.. 5o6, $3.50
interest ''assresa ting $f.ls4'5S9-5o, more or
Sale of a Railroad -
The sale viii take place in rheEoffice
OF the solicitor of the treasury IN the
AT T. o. clock noon. File sale is TO carry
rights of fbe III sSsf. ,sai,l, i a
Sioux City & Pacific lt;aiiF road company
ON 9eeouAtef OF in eoRsleetioR with said
bonds.
The claim OF the United states is sub
iect and subordiuatetto q first mortgage
given hS. said Sioux CITY & Pacific RaiI-
( the bonds amounting TO about 81 .62S. 900,
mere, or less. and interest. The first mort
! EnstStsl- of7the United States. No bird ftl-
an amoUut less than S1.S72999 viii be ae-
ceptcd CT entertained
so bid will be entertained unless the
bidder shall before the cOmnaeucenaeTlt
~ such sale. deppsit with the secretary
Of IL g treasury a certified check for the
SIM OF $iees0cJ. payable TO the secretary,
OF the treasury OF me United States. The
certified creeks Of unsuccessful bidders
viii be returned immediately after the
sale, and the check OF the successful bid
atf45hau be at once collected and applied
upon his Or its bid.
Within twenty DAYS from the sale full
fpaymentF shall be made by the successful
ore 10 make siieh fdll payraer3 oe sse.h
bId within said twenty days stthet said
check for Sla0.AeG 50 deposited with the
s-eere t.lIR sof the treasurF shall be forfeit-
+ ed to the United States as liquis5ated ia M
ages TOR the failure GA lie paT9 Of the
sncoessfui bidder to pay the fuH amount
NJ ms said bad to the United. States of
america. and the United Suites shall be.
eut1tled 70 the said sum OF 10000 as
negotiated damages from said bidder who
50 tails 20 pay the amount of bis bid.
J.. s. VAN ANTWERP. i