Page:U.S. Department of the Interior Annual Report 1877.djvu/27

Rh to the number of 367,450 shares, of $100 each, have been issued, and are outstanding. The receipts for the year ending 30th June, 1877, were, from transportation of passengers, $4,237,952.58; of freight, $8,036,621.87; and from miscellaneous sources, $1,444,769.37; total, $13,719,343.82. These figures include “the amounts earned from, but withheld by, the United States, for transportation of its passengers, freight, and mails.” The expense of operating the road for the year, was $5,402,252.24; leaving net earnings, $8,317,091.58. The construction-accounts of the company, including some unsettled accounts with contractors, show the cost of the road at $117,334,256.10. The total funded indebtedness (including the government loan of $27,236,512) of the company is $78,733,712.

The amount of stock of the Central Pacific Railroad Company subscribed is $62,608,800, of which $54,275,500 has been paid. The receipts for the year ending 30th June, 1877, from transportation of passengers, were $5,563,870.07; and of freight, $10,095,349.87; total, $15,659,219.94. The operating expenses of the road for the year were $8,326,614.21; leaving net earnings to the amount of $7,332,605.73. At the close of said year the indebtedness of the company amounted to $94,339,500.01; of which $27,855,680 is due to the United States. This company embraces, by consolidation, (besides the original Central Pacific Company,) the Western Pacific, the California and Oregon, the San Francisco, Oakland, and Alameda, and the San Joaquin Valley Companies.

Stock of the Central Branch Union Pacific Railroad Company to the amount of $1,000,000, has been subscribed, of which $980,600 has been paid. The receipts for the year ending June 30, 1877, were, from transportation of passengers, $40,401.88; and of freight, $149,947.84; total, $190,349.72. The amount expended in said year for running expenses and repairs, was $180,467.72; leaving net earnings $9,882. The road and fixtures have cost $3,763,700. The company's indebtedness, in addition to the government loan, and first mortgage of $1,600,000, and interest unpaid, is $60,000.

The amount of stock of the Kansas Pacific Railroad Company allowed by law is $10,000,000. Of this $9,689,950 has been subscribed and paid. The receipts for the year ending June 30, 1877, were: From transportation of passengers, $967,969.80; of freight, $2,032,361.36; miscellaneous, $18,700.30; total, $3,019,031.46. Total expenses for the year, $1,674,140.42; leaving net earnings, $1,344,891.04. The cost of construction and equipment of 673 miles (main and branch line) is $34,359,540.66. The funded debt of the company is $28,589,100, of which $6,303,000 is due to the United States. There are other liabilities to the amount of $3,115,698.79, making the entire debt $31,704,798.79. The earnings and expenses, as given in this statement, from July 1, 1876, to November 20, 1876, are taken from the books of the company; those from November 21, 1876, to June 30, 1877, are taken from the books of the receivers. The road went into the hands of receivers on the 20th November, 1876.