| Due United States on account of 5 per cent. of net earnings to | |
| June 30, 1878 | $1,871,430 00 |
| Same to December 31, 1878 | 107,258 38 |
| Due United States on account of transportation requirement for | |
| sinking fund, under act May 7, 1878 | 123,852 02 |
| Due United States as additional payment to make 25 per cent. of | |
| net earnings under act of May 7, 1878 | [1]181,329 51 |
| Total due United States | $2,283,869 91 |
Further details as to the settlement of these accounts and the difficulties under which they were made are given in the Auditor’s report.
From the statement of the engineer it appears that many tunnels on this road should be improved by masonry lining instead of timber; that track and road-bed are in good condition; and that many bridges and much of the trestle work need renewing and improving.
The Auditor highly commends the hospital of the company at Sacramento, and the service and condition of the great snow gallery on the Sierra Nevada Mountains extending over 28 miles.
The equipment of the road is in good condition. The remarks of the Auditor regarding second-class sleeping-cars, ferry service of the company between Oakland and San Francisco, the filling up of a portion of the long wharf at Oakland, and the new mammoth train transfer steamer “Solano,” the sleeping and parlor car business, and increase of speed are also interesting and worthy of consideration.
Particular attention is invited to the fact that the total amount of the 5 per cent. of the net earnings, as ascertained by the Auditor, from November 6, 1869, to December 31, 1878, is $1,978,688.38, or $745,391.86 in excess of the company’s statement; also to the fact, quite as important, that the money is all in the Treasury of the United States.
KANSAS PACIFIC RAILWAY.
The Kansas Pacific Railway Company have continued to make reports as called for.
| Miles road operated | 772.8 |
| Miles owned | 672.6 |
| Miles subsidized with lands | 638.6 |
| Miles subsidized with bonds | 394 |
| Number of locomotives | 89 |
| Passenger-cars | 41 |
| Baggage, mail, and express-cars | 17 |
| Caboose-cars | 41 |
| Freight and other cars | 1,531 |
| Stock subscribed | $9,992,500 00 |
| Par value of shares | 100 00 |
| Stock issued | $9,689,950 00 |
| Subsidy bonds | $6,303,000 00 |
- ↑ This amount has been already deposited in the Treasury by the Central Pacific Railroad Company.
