Page:U.S. Department of the Interior Annual Report 1880.djvu/44

 debt. When the junction of the lines of this company from Goshen is effected with those of the Atchison, Topeka and Santa Fé Company in New Mexico, the diverted traffic will doubtless considerably reduce the amount to be applied on the debt due the government by both the Union and the Central Pacific Eailroad Companies.

The company is making many important improvements in their property—new car-shops and other buildings at Ogden; new passenger and freight depots at Sacramento; extensive renewals in the snow galleries; and a costly permanent embankment for a wharf and tracks at Oakland, instead of the present pile and trestle work.

This company also leases and operates 550 miles of the Southern Pacific Eailroad.

Under the sinking-fund act of May 7, 1878, the “25 per cent. of net earnings” found due the United States by this company to December 31, 1879, amounted to $899,563.92.

The following statements are taken from reports furnished by the company: