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Rh to the government, the following statement is made. The figures are believed to be nearly correct, having in this and the previous statement been taken largely from “Poor's Manual of the Railroads of the United States.”

The facts shown by this statement are so striking that a comparison of percentages is quite unnecessary to demonstrate the great advantages which these two Pacific railroads possess over all others in the two principal elements of successful railroading — high tariffs and limited competition. That these companies are fully able to make sufficient provision for a discharge of their whole indebtedness to the United States seems, therefore, beyond question.

Under the provisions of section 20 of the act approved July 1, 1862, section 13 of the act approved July 2, 1864, and those of the act
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