Page:U.S. Department of the Interior Annual Report 1871.djvu/25

Rh miles northwest of Fremont, and is now operated by said Sioux City & Pacific Railroad Company. This line was designed to open Northern Nebraska and create business for the last-named company, the intention being to consolidate the two lines by lease or otherwise.

At the close of the last fiscal year, June 30, 1871, the amount of subscribed stock of the Southern Pacific Railroad Company was $5,224,000, and the amount actually paid in, $1,994,800. Since the date of the last annual report of the company, two hundred and eighty miles have been surveyed and explored. Of this distance, nearly all the work has been on that portion of the line from Gilroy through the different passes over the Mount Diablo Range to the San Joaquin Valley. The cost of the surveys has been $30,090 52. The amount received for the transportation of passengers is $256,410 13, and that received for the transportation of freight is $144,444 48. The expenses on account of the road and fixtures are $222,427 06. The principal of the company's indebtedness on account of their bonds issued is $480,000, and on account of the assumption of the bonded indebtedness of the San Francisco and San José Railroad Company, $740,000, possession having been taken of the latter company's road, &c., on the 13th of October, 1870. 50.26 miles of the Southern Pacific Railroad and telegraph line have been completed and accepted by you.

The second, third, and fourth sections, of twenty miles each, of the Oregon & California Railroad, were accepted by you on the 28th February last. This portion, with the section previously accepted, makes a length of line already reported upon and accepted of eighty miles, running from East Portland, Multnoma County, Oregon, to about half a mile beyond the station of the city of Albany.

Stock of the Northern Pacific Railroad Company to the amount of $100,000,000 has been subscribed, of which $2,241,600 has been paid. The expenses of the company to June 30, 1871, were as follows: Surveys, $479,603 11; construction, $4,065,315 45; rolling-stock, $289,634; general expenses, $112,318 83; total, $4,936,871 39. The indebtedness of the company to that date is as follows: First-mortgage bonds issued, $7,441,900; bills payable for material in transitu, &c., $1,465,116 87; due contractors, $178,746 84; total, $9,085,763 71. A map of the Minnesota division, filed in this Department on the 18th instant, shows the line so far as then located and completed, beginning at its junction with the Lake Superior & Mississippi road near the Dalles of the St. Louis River, in Carlton. County; thence running in a nearly westward course to Sandy River; thence in a general southwesterly direction to the crossing of the Mississippi River, at Brainard, in Crow Wing County; thence in a nearly westward course to the crossing of Crow Wing River; thence in a general northwesterly course to the crossing of the Buffalo River, in Clay County; and thence in a nearly westerly coarse to the Red River, a few miles from Georgetown, Minnesota; a distance of 228.2 miles. Three lines have been surveyed in