36
REPORT OF THE SECRETARY OF THE INTERIOR.
And its reports show:
| Stock subscribed | $36,783,000 00 |
| Stock issued | 36,762,300 00 |
| Par value | 100 00 |
| United States subsidy bonds | 27,236,512 00 |
| Other funded debt | 50,188,000 00 |
| Total stock and debt | 114,186,812 00 |
| Floating debt and interest accrued to June 30, 1879, on subsidy and other bonds | 17,090,718 92 |
| Bonds and stock of, and investments in other companies | $6,973,847 49 |
| Material on hand | $872, 670 02 |
| Cash on hand | 939,302 65 |
| Accounts receivable | 3,522,597 78 |
| $5,334,570 45 | |
| Cost of road, equipment and Missouri River bridge, as per company’s books | $120,472,198 02 |
| Earnings, year ending June 30, 1879 — Passenger | $3,128,373 12 |
| Earnings, year ending June 30, 1879 — Freight | 8,397,935 14 |
| Earnings, year ending June 30, 1879 — Miscellaneous | 1,378,548 82 |
| Total earnings | $12,904,857 08 |
| Operating expenses | 5,398,295 63 |
| Net earnings | $7, 506, 561 45 |
| Interest paid | $4,237,149 66 |
| Dividends paid | $1,661,722 50 |
| Acres land unsold | 10,460,703 02 |
The Auditor further states that under the act of May 7, 1878, the 25 per cent. of net earnings for the year ending June 30, 1879, would be as follows:
| Ordinary net earnings | $7,506,561 45 |
| Less interest on first mortgage bonds | 1,633,860 00 |
| Net earnings under the law | $5,872,701 45 |
| One-half transportation applied to interest | $538,505 06 |
| One-half transportation to sinking fund | 538,505 06 |
| Five per cent. under acts of 1862 and 1864 applied to interest | 293,635 07 |
| Additional payment under act of May 7, 1878, for sinking fund | 97,530 17 |
| Total: twenty-five per cent. of net earnings | $1,468,175 36 |
Under the laws in force to June 30, 1878, there would have been —
| Retained half transportation | $538,505 06 |
| And five per cent. net earnings | 375,328 07 |
| Total | $913,833 13 |
It appears also that, under the sinking fund act, the net surplus at the disposal of the company for the last fiscal year after payment of interest and dividend would be $725,010.07.
Your attention is also invited to the recommendations and views of
