Page:U.S. Department of the Interior Annual Report 1881.djvu/20

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XVIII
REPORT OF THE SECRETARY OF THE INTERIOR.

Baker City with the Oregon system of railroads, and thus acquire an outlet to the Pacific coast, independent of the Central Pacific. It is represented that the work will be completed at an early date.

The Central Pacific Railroad Company has, by lease of the Southern Pacific of Arizona and New Mexico, which is now completed to Deming, N. Mex., and there connects with the Atchison, Topeka and Santa Fé Railroad, secured a through route from the Pacific coast, independent of the Union Pacific.

The Atlantic and Pacific Railroad is being rapidly constructed from the east and the west.

THE UNION PACIFIC RAILWAY COMPANY.

The property and business of this company is reported on in full, and has been found in good condition, with business increasing.

The company has furnished reports, from which the following statements are derived:

Length of line subsidized with bonds
Miles
1,432.62
Length of line subsidized with lands
do
1,783.17
Leased to the Central Pacific
do
5.00
Operated by the Union Pacific
do
1,818.80
Stock subscribed
$61,000,000 00
Stock issued
60,673,745 00
Par value
100 00
United States subsidy bonds
33,539,512 00
Other funded debt
81,987,405 00

Total stock and debt
176,200,662 00


Increase of stock during the year
9,911,445 00
Floating debt and interest account to June 30, 1881, on subsidy and other bonds
28,430,686 60
Bonds and stocks of, and investments in, other companies
28,718,560 42


Material on hand
$2,794,893 97
Cash on hand
2,333,343 45
Accounts receivable
2,870,998 81

7,999,236 23


Cost of road and equipment, per company's books
155,708,861 58

The following statement shows the earnings for the fiscal year ending June 30, 1881, as per reports submitted by the company:

Passenger
$4,970,646 85
Freight
15,957,560 64
Miscellaneous
1,837,544 59

22,765,752 08
Operating expenses
11,474,910 08

Net earnings
11,290,842 00


Interest paid
6,147,859 24
Dividends paid
3,607,448 13