Page:U.S. Department of the Interior Annual Report 1880.djvu/47

Rh cars, 32; baggage, mail, and express, 11; freight and other cars, 1,060. Stock issued, $8,653,500; par value, $100. Funded debt, $20,418,997.68; floating debt, $398,621.43; unpaid interest, $2,122,720; total debt, $22,940,339.11; stock and debt, $31,593,839.11. Cost of road, $28,925,840.90. Passenger earnings, $466,736.78; freight earnings, $2,075,993.44; miscellaneous earnings, $80,536.55; total earnings, $2,623,266.77; operating expenses, $1,542,899.44; net earnings, $1,080,367.33; interest paid, $662,520. Lands unsold (granted by State of Texas), 4,755,862 acres.

From reports made to the Auditor the following figures are obtained: Miles operated, 160.89; miles owned, 711.56; leased to Central Pacific, 550.67 miles; number of locomotives, 48; passenger cars, 77; baggage, mail, and express cars, 14; freight and other cars, 1,156. Stock subscribed, $36,763,900; stock issued, $36,763,900. Funded debt, $28,872,000; floating debt, $554,815.07; accrued interest on funded debt, $219,450; total debt, $29,426,815.07. Stock and debt, $66,410,165.07. Cash, material, and accounts due, $703,872.11. Cost of road, $62,307,813.98; cost of equipment, $1,848,533.51; total cost of road and equipment, $64,156,347.49. Passenger earnings, $399,349.34; freight earnings, $455,382.51; miscellaneous earnings and rent of road, $1,680,149.56; total earnings, $2,534,881.41; operating expenses, including taxes and insurance, $756,683.88; net earnings, $1,778,197.53; interest paid, $1,872,480.39. Lands unsold, 9,240,376 acres.

The entire property of this company has been inspected by the engineer, and is in good condition. A detailed statement of his observations will be found in his report.

The company is constructing at Saint Paul a handsome building to be used as general operating offices, and as soon as the requirements of traffic demand, proposes to build an iron bridge across the Missouri River at Bismarck.

The Auditor calls particular attention to the character of the lands of this company, they being much above the average of those granted the other Pacific railroad companies.

Under the present management the general condition of the company has greatly improved, and vigorous measures have been adopted to push the work to a successful completion.

The following statement is taken from reports furnished by the company:

Average number of miles operated, 781; miles owned, 637.98; stock authorized, $100,000,000; common stock issued, $49,000,000; preferred stock issued, $43,412,645.12; total stock issued, $92,412,645.12. Number