PROFIT AND Loss ACCOUNT FOR THE YEAR ENDING DECEMBER 31, 1887. 1. Date when the road, or portions thereof, were opened for public use: From Tracy to Martinez. 2. Length of main line of road from near Martinez to Tracy Length of main line in California... 3. Length of line with track laid, if road is not completed. 10. Total length of road belonging to this company. Sept. 3, 1878. 46.5180 miles. 46.5180 miles. 46.5180 miles. 46.5180 miles. 10.1307 miles. 10.1307 miles. 56.6487 miles. 56.6487 miles. 11. Aggregate length of siding and other tracks not enumerated above.. 12. Same in California.... 13. Aggregate length of track belonging to this company computed as single track 14. Same in California.. 15. Total lengths of steel rail in tracks belonging to this company, not including steel top rail; (weight per yard, fifty pounds).. 19. Number of crossings of highways at grade, in California. 26. Number of highway crossings at which there are neither electric signals, 29. Number of railroad crossings under other railroads (specifying each)... MILEAGE, TRAFFIC, ETC. (See lessee's report.) 12. TABLE A. FUNDED Debt. To include all Bonds payable by the Company, except United States Government Bonds. 36 36 TABLE C. LENGTH IN MILES OF ROAD AND TRACKS (SINGLE AND DOUBLE), OWNED BY THE COMPANY. State, separately, lengths within and without State. Reduce to single track by adding length of double track. Total on whole road, December 31, 1887. W. V. Huntington, Secretary of the said company, being duly sworn, deposes and says, that the statements, tables, and answers contained in the foregoing forty-four sheets, have been compiled and prepared by the proper officers of said company, from its books and records, under their direction and supervision; that he, the deponent, has carefully examined the same, and that as now furnished by him to the Board of Railroad Commissioners, they are, in all respects, just, correct, complete, and true, to the best of his knowledge, and, as he verily believes, the same contain a true and full exhibit of the condition and affairs of said company on the thirty-first day of December, 1887. W. V. HUNTINGTON. Subscribed and sworn to before me, this ninth day of June, 1888. E. B. RYAN, Notary Public. SOUTHERN PACIFIC RAILROAD COMPANY. NOTE.-Earnings and operating expenses, and all other operating statistics not given; the road being operated by Southern Pacific Company under lease. Southern Pacific Railroad Company, San Francisco. The Southern Pacific Railroad Company was incorporated December 18, 1874, and formed by consolidation of the companies whose names and dates of incorporation are shown in the table below: 1. Capital stock authorized by charter. 3. Capital stock issued [number of shares, 459,804]; amount paid in.. 8. Par value of shares issued.. 9. Total number of stockholders. 10. Number of stockholders in California, of record. 11. Amount of stock held in California, of record. 13. Total amount of funded debt..... DEBT. 12. Funded debt as follows: Bonds $32,431,500 00 Interest paid on same during year by Southern Pacific Co.. $1,985,340 14. Unfunded debt: Incurred for construction, equipment, or purchase of property. 15. Total amount of unfunded debt.... 16. Total gross debt liabilities...... 17. Amount of cash, materials, and supplies on hand; sinking funds in hands of Trustees, and such securities and debt balances as represent cash assets: Cash on hand... Sinking funds Other securities and debt balances.. Bills receivable-account land sales... Southern Pacific Company-account lease.. 18. Total net debt liabilities $33,716,752 26 $94,448 43 202,000 00 8.788 82 3,224,175 63 120,084 42 $30,067,254 96 COST OF ROAD, EQUIPMENT, AND PROPERTY-ROAD AND BRANCHES. [Includes equipment and real estate. These items are not kept separate and cannot be shown in detail.] 8. Engineering, agencies, salaries, and other expenses during construction $636,732 58 19. Property sold and credited to property account during the year (specify ing same): Real estate 20. Net addition to property account for the year REVENUE FOR THE YEAR. (Operated by Southern Pacific Company, under lease.) NET INCOME, DIVIDENDS, ETC. 8. Surplus at commencement of year. Deduct entries made in profit and loss account during $4,098,293 73 11. Paid to sinking funds, in hands of Trustees.. 9. Deficit at commencement of the year, as changed by aforesaid entries... 10. Total deficit December 31, 1887... 4,244,735 49 |