Page:U.S. Department of the Interior Annual Report 1875.djvu/22

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672
REPORT OF THE SECRETARY OF THE INTERIOR

scribed is $9,992,500, and the amount paid in is 80,089,050. Total In amount of stock allowed by law, $10,000,000. The receipts for the transportation of passengers for the year ending 30th June, 1875, were $1,272,175.91; for freight, $1,994,411.59; miscellaneous earnings, $42,809.46; total, $3,309,396.96. Expense of operating the road for the year, $2,096,074.33, leaving not earnings $1,212,722.63. The cost of construction and equipment of six hundred and seventy-two miles (main and branch line) has been $4,359,540.06. The total funded debt of the company is $27,242,000, of which $6,303,000 is due the United States; other liabilities and indebtedness, $3,723,375.41; total debt, $0,965,975.41.

Stock of the Sioux City and Pacific Railroad Company to the amount of $4,478,500 has been subscribed, of which 81,791,400 has been paid in. The receipts for the year ending 30th June, 1875, from the transportation of passengers, were $75,850.72; of freight, $181,604.29; from express, ($3,518.85; and from miscellaneous sources, $7,103.73; total, $268,077.59. The expenses of the road and fixtures during that period were $217,917.01, leaving net earnings 850,160.58. Interest paid on first-mortgage bonds during the year, 897,680. The bonded indebtedness of the company is $3,250,320, of which 81,628,320 is due to the United States. The floating debt is $60,571.67.

The stock-subscription of the Southern Pacific Railroad Company of California is $23,770,300, of which 022,412,200 has been paid in. The amount received for transportation of passengers for the year ending 30th June, 1875, was $761,037.61; of freight, $998,869.01; total, $1,760,506.62. The expenses of the road and its fixtures for the year were $773,485.52, leaving net earnings, $987,021.09. The indebtedness of the company is $14,346,000. 0n the 23d day of August last, you accepted a section of this company's road, twenty miles, making 130.26 miles of the main line. By the twenty-third section of the act of 3d March, 1871, incorporating the Texas Pacific Railroad Company, the Southern Pacific Railroad Company of California was authorized to construct a line of railroad from a point at or near Tehachapa Pass, by way of Los Angeles, to the Texas Pacific Railroad, at or near the Colorado River. One hundred miles of this line have been completed and accepted, fifty miles of which were accepted by you on the 11th instant.

Northern Pacific Railroad stock to the amount of $100,000,000 has been subscribed, and certificates for 202,326 shares of $100 each have been issued. No new surveys and no change of line of road have been made. The amount received from passengers during the last fiscal year on the Pacific, Dakota and Minnesota divisions was $173,391.98; the amount received from freight transportation on those divisions for that period was $371,903.33; earnings, $605,041.63. The operating-expenses for the year were $501,489.36. Net earnings, (exclusive of mail-earnings on the Dakota division,) $103,552.27. The indebtedness of the Company is as follows: First mortgage bonds, $30,207,500; land-warrant bonds