Page:U.S. Department of the Interior Annual Report 1871.djvu/23

Rh To reap fully all the advantages from this survey, it is important that every facility be afforded Professor Hayden in the preparation of his reports, maps, and charts in their publication in a style in some degree commensurate with the great value of the explorations to the country and to the scientific world.

I would also recommend the continuation of the system of geological explorations so auspiciously prosecuted thus are under the direction of Professor Hayden, that all our public domain yet unknown may be brought to the attention of the country.

The subscriptions to the stock of the Union Pacific Railroad Company amount to $36,783,090, of which $36,762,300 has been paid. The receipts from the transportation of passengers, freight, and miscellaneous sources, for the year ending June 30, 1871, were $7,362,015 19. The entire cost of the road to said date (unadjusted balances with contractors not included) was 7 including fixtures, $112,793,618 29. The indebtedness of the company amounted, at the time above mentioned, to $74,653,512 of which $27,236,512 is due to the United States.

Stock of the Central Pacific Railroad Company to the amount of $59,644,000 has been subscribed, and $54,283,190 paid. The receipt from transportation of passengers and freight for the year ending 30th June, 1871, were $7,326,327 36, and the expenses $3,745,766 24, leaving net earnings to the amount of $3,580,560 12. At the close of said year the indebtedness of the company amounted to $71,430,751 88, of which $27,851,000 was to the United States. The act of Congress approved 6th May, 18707 (16th Statutes, 121,) provided for fixing the point of junction of the Union and Central Pacific Railroads within the limits of certain sections of land therein specified. On the 7th September, 1871, the Department received certified copies of resolutions passed by the companies, (that of the Union company on the 12th July, 1870, and that of the Central June 21, 1870,) fixing, in compliance with the law, "the common terminus and point of junction of" said railroads at a point on the line of said roads 1,038.68 miles west from the initial point of the Union Pacific Railroad, near Omaha, the same being five miles west of Ogden and five miles west of the crossing of the Utah Central Railroad, on section 1 in township 6 north, of range 2 west of the principal meridian and base-line of the Territory of Utah." The Western Pacific, the California and Oregon, the San Francisco and Oakland, and the San Francisco and Alameda Railroad Companies have been consolidated with the Central Pacific, as shown by its last annual report.

The stock subscription of the Central Branch Union Pacific Railway is $1,000,000, of which $980,600 has been paid. The receipts for transportation of passengers for the year ending June 30, 1871, were $67,971 66, and for freight $137,625 78. The expenses on account of the road and fixtures have been $3,723,700, and the indebtedness of the