Page:U.S. Department of the Interior Annual Report 1878.djvu/25

Rh purchaser of the Missouri portion of the Atlantic and Pacific Railroad, and successor of that company, has complied with the law and rendered reports. The following is compiled therefrom for the year ending December 31, 1877: Miles subsidized, 202.50; miles operated, 363.50; number of locomotives, 28; passenger-cars, 10; baggage, mail, and express cars, 8; freight and other cars, 738; par value of shares, $100; stock issued, $21,289,608; funded debt, $5,278,982.26; floating debt, $19,612; total debt, $5,328,594.26; total stock and debt, $26,618,202.26; cost of road, $26,734,718.15; passenger earnings, $230,242.57; freight earnings, $1,023,909.89; miscellaneous earnings, $69,791.30; total earnings, $1,323,943.76; operating expenses, $584,816.91; net earnings, $739,126.85; interest paid, $734,740.91, annual interest payment being $549,340 in gold; lands unsold, 915,654 acres.

The Burlington and Missouri River Railroad Company in Nebraska at first complied with the requirements of the law, but, acting under legal advice, the president of this company referred further requests to the directors for a final decision.

The Oregon and California Railroad Company has complied with the law and rendered reports accordingly. The following facts are shown for the year ending June 30, 1878: Miles subsidized, estimated at 300; miles operated, 200; number of locomotives, 14; passenger cars, 11; baggage, mail, and express cars, 3; freight and other cars, 227; par value of shares, $100; stock issued, $20,000,000; funded debt, $10,950,000; floating debt, $800,000; total debt, $11,750,000; total stock and debt, $31,750,000; cost of road, $5,422,958.32; passenger earnings, $227,524.15; freight earnings, $402,286.07; miscellaneous earnings, $37,381.18; total earnings, $667,191.40; operating expenses, $396,000; net earnings, $271,191.40; interest paid, $158,775; lands unsold, 3,000,000 acres.

The Oregon Central Railroad Company has rendered reports to the Auditor. For the year ending June 30, 1878, the following is reported: Miles subsidized, 47.50; miles operated, 47.50; locomotives, 4; passenger cars, 2; baggage, mail, and express cars, 2; freight and other cars, 62; stock subscribed, $5,000,000; par value of shares, $100; stock issued, $4,980,050; funded debt, first-mortgage bonds, $4,695,000, issued and delivered to trustees as security for $1,000,000 borrowed money; floating debt, $1,182,507.58, including $1,000,000 secured by first-mortgage bonds; total debt, $5,877,507.58; total stock and debt, $10,857,557.58; cost of road, $1,201,927.97; passenger earnings, $25,337.05; freight earnings, $44,532.27; miscellaneous earnings, $2,397.07; total earnings, $72,266.39; operating expenses estimated at $72,266.39; interest paid, $98,000; lands unsold, 1,200,000 acres.

Of the railroad companies which have received grants of land from the United States through State or Territorial governments, the following have not rendered reports by reason of interruption of business during the past four months in consequence of the prevalence of yellow fever in the Southwestern States, viz: The Memphis and Little Rock