Page:U.S. Department of the Interior Annual Report 1880.djvu/45

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REPORT OF THE SECRETARY OF THE INTERIOR.
43

For year ending Jane 30, 1880:

Passenger earnings  $5,235,573 62
Freight earnings 10,900,932 47
United States mail 488,610 32
Miscellaneous earnings 1,177,331 75
Total 17,802,448 16
Operating expenses and rentals 11,618,830 55
Ordinary net earnings 6,183,617 61
Interest paid $3,781,825 96
Dividends paid $1,628,265 00
Acres of land unsold 10,995,865 46


CENTRAL BRANCH UNION PACIFIC RAILROAD.


Since the Auditor's last report, important changes have occurred in the affairs of the company owning this road. The engineer reports its property in good condition, with large additions to the equipment during the year. This road, with the leased lines controlled by it, is now operated by the Missouri Pacific Railway Company.

From reports made, the following statements are derived:

Miles owned and subsidized 100
Miles leased 158
Stock issued $1,000,000 00
Subsidy bonds 1,600,000 00
Funded debt 2,225,218 14
Floating debt 569,630 45
Interest on funded and floating debt 5,221 87
Interest on subsidy bonds 1,207,259 66
Total debt 5,601,418 76
Stock and debt  $6,601,418 76
Cost of road and equipment 3,962,974 75
Passenger earnings for year ending June 30, 1880 $208,866 26
Freight earnings 754,757 75
Miscellaneous earnings 54,260 38
Total 1,107,884 39
Operating expenses 774,384 22
Net earnings 333,500 17


KANSAS PACIFIC RAILWAY.


The Kansas Pacific Railway Company was consolidated with the Union Pacific Railroad Company, January 26,1880. This report is therefore for the seven months ending January 30, 1880:

Miles operated 1,006.3
Miles owned 778.5
Miles subsidized with lands 638.5