Page:U.S. Department of the Interior Annual Report 1878.djvu/23

Rh who have operated this road since April 2, 1878, have rendered the reports required from them. This company has suffered a considerable decrease in its gross earnings, in consequence of the opening of the Colorado Central, a branch of the Union Pacific Railroad. The following facts are reported: Miles subsidized, 105.89; miles operated, 105.89; number of locomotives, 6; passenger-cars, 4; baggage, mail, and express cars, 4; freight and other cars, 32; stock subscribed, $4,000,000; stock issued, $4,000,000; funded debt, $2,350,000; floating debt, $189,382.65; total debt, $2,539,382.65; total stock and debt, $6,539,382.65; cost of road, $6,495,350. For the year ending December 31, 1877, passenger earnings were $106,633.32; freight earnings, $161,950.38; miscellaneous earnings, $33,262.61; total earnings, $244,727.97; operating expenses, $141,093.74; net earnings, $103,634.23; interest paid, $111,167.87; lands unsold, 950,000 acres. Complete reports as to operations and affairs for the fiscal year ending June 30, 1878, were not received in time for this report.

The Central Branch Union Pacific Railroad Company has signified its intention to render reports. The following is from unofficial sources: Miles subsidized, 100; miles operated, 100; number of locomotives, 6; passenger-cars, 6; baggage, mail, and express cars, 3; freight and other cars, 127; stock subscribed, $1,000,000; par value of shares, $100; stock issued, $980,600; subsidy bonds, $1,600,000; funded debt, $1,600,000; floating debt, including $1,000,000 accrued interest on subsidy bonds, is $1,567,800; total debt, $4,767,800 ; total stock and debt, $5,748,400 ; cost of road, $2,548,707.36, to which should be added the discount on bonds and stock issued. For the year ending June 30, 1877. passenger earnings were $40,409.87; freight earnings, $130,819.27; miscellaneous earnings, $25,815.12; total earnings, $197,044.26; operating expenses, $153,206.88; net earnings, $43,837.38 ; interest paid, $45,344.73; lands unsold, 116,165 acres. These figures differ somewhat from-those given in the last annual report of the department. Business operations for year ending June 30, 1878, were not reported in time to be embodied in the Auditor's annual report.

The Sioux City and Pacific Railroad Company has fully and promptly complied with every requirement of the law. The statement as to this road shows: Number of miles subsidized, 101.77; miles operated, 106.82; number of locomotives, 13; passenger-cars, 9; baggage, mail, and express cars, 6; freight and other cars, 218; stock subscribed, $4,478,500; par value of shares, $100; preferred stock issued, $169,000, drawing 7 per cent. interest per annum, secured by mortgage on the Missouri Valley connection; other stock issued, $1,899,400; subsidy bonds, $1,628,320; funded debt, $1,628,000; floating debt, $30,000, not including over $900,000 accrued interest on subsidy bonds; total debt, $4,186,720; total stock and debt, $6,255,120; cost of road, $5,337,627.41. For June 30, 1878, passenger earnings were $83,600.83; freight earnings, $197,309.18; miscellaneous earnings, $89,755.35; total earnings,