Page:U.S. Department of the Interior Annual Report 1880.djvu/43

Rh The following statement shows the earnings of the Union Pacific Railroad Company prior to consolidation, for seven months ending January 31, 1880:

Since the consolidation the Union Pacific Eailway Company has had earnings to June 30, 1880, as follows:

Under the act of May 7, 1878, the earnings for the year ending December 31, 1879, have been as follows:

The property of this road is referred to in detail by the railroad engineer, and is in good condition and well maintained. The company has opened a new and shorter route from Sacramento to San Francisco, via Benicia, over which the bulk of the overland traffic is now done. In view of the fact that this is not a subsidized road, and that the debt due to the United States by this company is still quite large, the Auditor questions whether two or three hours quicker transportation of the mails is more to be considered than the retention of a greater or less proportion of compensation, for carrying the mails, to be applied on the