Page:U.S. Department of the Interior Annual Report 1881.djvu/21

Rh Under the sinking-fund act of May 7, 1878, the "25 per cent. of net earnings" due the United States from that part of the road to which the act applies has not yet been determined for the year ending December 31,1880, items amounting to the sum of $762,440.87 not being adjusted.

CENTRAL PACIFIC RAILROAD COMPANY.

The property and accounts of this company have been examined and the details of the same embodied in the Commissioner's report. The condition of the property is improving and the business materially increasing. This company leases and operates the Southern Pacific Railroad in California, Arizona, and New Mexico.

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