cost of the surveys to June 30, 1873, has been $105,000. The amount received for the transportation of passengers for the fiscal year was $469,789.63; of freight, $486,465.37; total, $956,255. The expenses of the road for the year were $458,739.14, leaving net earnings $497,515.86. The indebtedness of the company is shown by their report to be $8,050,000. The fourth section of 20 miles of this road was accepted by you on the 6th of August last, making the total number of miles miles accepted 9026100.
Stock of the Texas and Pacific Railway Company has been subscribed to the amount of $2,000.000, of which $200,000 has been paid in. The bonds of the company consist of two kinds, viz, "First-mortgage six per cent. gold-construction bonds," and "First-mortgage land-grant" bonds. Of the former none have been issued. Of the latter, there have been issued in the purchase of consolidated roads, $4,000,000 The indebtedness of the company is shown by their report to be as follows: Capital stock, (as shown above,) $2,000,000; land bonds, $4,000,000; debt Southern Pacino Railroad Company to State of Texas, assumed by the Texas and Pacific Railway Company, 8209,126.31; floating debt, $790,095.71; "Interest coupons on land bonds," $140,000; total, $7,139,222.02. The operating receipts and expenditures of the road for the year ending June 30, 1873, have been as follows: Receipts, from passengers, $104,392.44; freight, $223,211.99; United States mails, $5,328; miscellaneous, $448.43; total,$333,380.86. Expenditures, for conducting transportation, 851,994.43; maintenance of roadway, $111,044; cost of running and maintenance of motive power and cars, $62,370.20; general expenses, $31,153.56; total, $256,562.19. Receipts over expenditures, $76,818.61 There have been 109 miles of this road constructed, and 355 miles graded, bridged, and tied. Since the date of the last report of the company (June 30, 1872) the engineers in charge of the surveys have run over 8,000 miles of instrumental lines, and made 15,000 miles of reconnaissance, developing a country 1,500 miles long east and west, and 150 miles in width north and south, so thoroughly that the line of location from Red River to the Pacific can very nearly be determined. The lines of road surveyed and in part undergoing construction are as follows: Southern division, from Longview, Tex., to Fort Worth, 155 miles; Jefferson division, from Marshall to Texarkana, 69 miles; Transcontinental division, from Texarkana to Fort Worth, 237 miles; Brazos diviswn, from Fort Worth to the one-hundredth meridian, about 175 miles; Pecos division, from the one-hundredth meridian to Rio Grande River, 412 miles; New Mexico division, from Rio Grande to the Pimas Villages,38885100 miles; California division, from Pimas Villages to San Diego, Cal., 444 miles; total distance, 1,88085100, miles. The greatest altitude reached in crossing the continent is 6,355 feet.
The Atlantic and Pacific Railroad Company's report for the year ending June 30, 1873, shows that $19,760,300 of stock has been subscribed and paid in. Grading has been done in the Soledad Pass, Cal., and $8,013.72 expended in grading at this pass, to June 30, 1873. On June
