REPORT OF THE SECRETARY OF THE INTERIOR.
XIX
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:
| Number of miles subsidized | 860.66 |
| Number of miles owned | 1,204.50 |
| Number of miles leased | 1,513.00 |
| Average number of miles operated during fiscal year ending June 30,1881 | 2,614.00 |
| Locomotives owned, 226; leased,70 | 296 |
| Passenger cars owned, 261; leased, 49 | 310 |
| Baggage, mail, and express cars owned, 56; leased, 24 | 80 |
| Freight and other ears owned, 5,616; leased, 2,351 | 7,967 |
| Stock subscribed | $59,275,500 00 |
| Stock issued | 59,275.500 00 |
| Par value | 100 00 |
| Subsidy bonds outstanding | 27, 855,680 00 |
| Funded debt | 55,301,000 00 |
| Floating debt | 7,028,442 44 |
| Interest accrued on subsidy bonds | 21,778,122 61 |
| Interest due and accrued on funded debt | 1,433,095 00 |
| Total debt | 113,396,340 05 |
| Capital stock and debt | 172, 671, 840 05 |
| Cost of road | 136, 994,849 80 |
| Equipment | 8, 047,103 42 |
| Real estate | 2, 639,148 10 |
| Total cost of road and equipment | 147,681, 101 32 |
| Cash, materials, and sinking funds | 8,455,566 81 |
| Bonds and stocks | 334,604 90 |
| Miscellaneous investments | 1,899,995 66 |
| Total | 10,600,167 37 |
