pany of California is $62,608,800, of which $54,275,500 has been paid. The receipts for the year ending June 30, 1876, from transportation of passengers were $5,448,769.04, and of freight, $9,161,631.15; total, $14,610,400.19. The operating expenses of the road for the year were $6,889,945.58, leaving net earnings to the amount of $7,720,454.61. At the close of said year the indebtedness of the company amounted to $89,061,508.43, of which $27,855,680 is due to the United States. This company embraces, by consolidation, (besides the original Central Pacific Company,) the Western Pacific, the California and Oregon, the San Francisco, Oakland and Alameda, and the San Joaquin Valley Companies.
Stock of the Central Branch Union Pacific Railroad Company to the amount of $1,000,000 has been subscribed, of which $980,600 has been paid. The receipts for the year ending June 30, 1876, were, from transportation of passengers, $34,946.28, and of freight, $79,467.84; total, $114,414.12. The amount expended in said year for running expenses and repairs was $131,500.67. The road and fixtures have cost $3,763,700. The company's indebtedness, in addition to the Government loan, and first mortgage of $1,600,000 and interest unpaid, is $148,739.94.
The amount of stock of the Kansas Pacific Railroad Company allowed by law is $10,000,000. Of this $9,992,500 has been subscribed, and $9,689,950 paid. The receipts for the year ending June 30,1876, were, from transportation of passengers, $1,085,199.70; of freight, $2,120,009.17; miscellaneous, $29,945.67; total, $3,235,154.54. Total expenses of the year, $1,827,980.40; leaving net earnings, $1,407,174.14. The funded debt of the company is $27,247,100, of which $6,303,000 is due to the United States. There are other liabilities to the amount of $3,554,525.13, making the entire debt of the company $30,801,625.13.
Stock of the Sioux City and Pacific Railroad Company' to the amount of $4,478,500 has been subscribed, of which $1,791,400 has been paid. The receipts for the year ending June 30,1876, from transportation of passengers, were $80,779.39; of freight, $200,987.30; from express, $2,657.83, and from miscellaneous sources, $8,064.62; total, $292,489.14. The expenses of the road and fixtures during said year were $264,194.83,. leaving net earnings $28,294.31. The bonded indebtedness of the company is $3,256,320, of which $1,628,320 is due to the United States. The floating debt is $70,395.78.
Stock of the Southern Pacific Railroad Company of California to the amount of $28,585,300 has been subscribed, of which $27,227,200 has been paid. The amount received from transportation of passengers in the year ending June 30,1876, was $949,945.42; of freight, $1,186,673.30; total, $2,136,618.72. The expenses of the road and fixtures for said year were $1,140,329.63, leaving net earnings $996,289.09. The bonded indebtedness of the company is $19,984,000.
On the 16th June last you accepted the seventh section (of 20 miles each) of the main line of this road, and, on the 21st July last, the third
