New Mortgages Issued August 25, 1888. Covering consolidated and newly built lines. The 50 years 5 per cent bonds covered by this mortgage are a lien, subject to its existing prior mortgages, on all the railroad, rolling stock, and property now owned, or which may hereafter be constructed, by the consolidated company, excepting the line from Mojave to The Needles; also, upon the lands granted by the United States. (Reported by Southern Pacific Company, lessee.) PASSENGER, FREIGHT, AND TRAIN MILEAGE. FREIGHT TRAFFIC MOVEMENT.-(Company's material excluded.) DESCRIPTION OF EQUIPMENT. (Reported by Southern Pacific Company, lessee.) MILEAGE OF ROAD OPERATED. (Reported by Southern Pacific Company, lessee.) CONSUMPTION OF FUEL BY LOCOMOTIVES. ACCIDENTS. (Reported by Southern Pacific Company, lessee.) CHARACTERISTICS OF ROAD. (Reported by Southern Pacific Company, lessee.) DESCRIPTION OF ROAD. $13,298,000.00 Date of Opening. -- 1. Date when the road or portions thereof were opened for public use: From Carnadero to Hollister Southerly from Soledad to Kings May 18, 1887. ..July 14, 1888. From Florence to Nietos.. From Florence to Anaheim. --April 15, 1874. Jan. 14, 1875. From Florence to Santa Ana. Dec. 17, 1877. TABLE B-OTHER AIDS OR GRANTS, FROM THE UNITED STATES, STATES, COUNTIES, CORN RATIONS, OR INDIVIDUALS. Lands Granted by the United States Government. To what Railroad Company. Acres per Mile. Number of Yig 12,800 Southern Pacific of California. On account of conflicting and overlapping grants, adverse claims, arbitrary restricti st and desert lands not worth the cost of surveying, it is impossible to state the quantin lands that will inure to the Southern Pacific Railroad Company, or the estimated valie TABLE C.-LANDS OR PROPERTY, INCLUDING RIGHT OF WAY DONATED BY STATES, COUNTIE TOWNS, CORPORATIONS, OR INDIVIDUALS, STATING IN DETAIL THE AMOUNT OF LAND GRANTED FOR RIGHT OF WAY, FOR STATIONS, FOR SHOPS, FOR STOREHOUSES, ETC. By Whom Donated. State of California.. City of Los Angeles Description of Property. Half interest in sixty acres of land at Mission Bay, San Francisco, with improvemens Nineteen acre land in the City of Los Angeles, with improvements Right of way included in contract for construction of road. APPLICATION OF AMOUNT PLACED IN HANDS OF TRUSTEES FOR REDEMPTION OF BONDS. Charles F. Crocker, President of the Southern Pacific Railroad Company, and Frederick Madge, Secretary pro tem. of the said company, being duly sworn, depose and say, that the statements, tables, and answers contained in the foregoing sheets, have been compiled and prepared by the proper officers of said company, from its books and records, under their direction and supervision; that they, the deponents, have carefully examined the same, and that as now furnished by them to the Board of Railroad Commissioners, they are, in all respects, just, correct, complete, and true, to the best of their knowledge, and, as they verily believe, the same contain a true and full exhibit of the condition and affairs of said company on the thirty-first day of December, 1888. Subscribed and sworn to before me, this first day of July, 1889. CHAS. F. CROCKER. E. B. RYAN, ATLANTIC AND PACIFIC RAILROAD COMPANY. ALBUQUERQUE, NEW MEXICO, July 16, 1889. the honorable Board of Railroad Commissioners of the State of California: GENTLEMEN: Pursuant to the understanding reached at a conference between the honorole Board and myself on the tenth day of February, 1887, I have the honor to submit tached hereto, a report of the Atlantic and Pacific Railroad Company, relative to its operty and operations in the State of California for the year ending December 31, 1888, hich I have had compiled as nearly as possible in the form prescribed by your Board, om the report made by our company to the Secretary of the Interior of the United States, - provided for in the Act incorporating said company. In submitting this report I desire again to call your attention to the position assumed y this company, which is, that being a Federal corporation, created by the supreme legisitive authority of the nation, and being by that Act constituted a Federal agency, fully mpowered to fix and determine our own rate of fares and freights, and being required to make an annual report to the honorable Secretary of the Interior of the United States, ccording to a forni prescribed by his department, we do not believe that we could be lawully required or legally compelled to make any report to your honorable Board, but, being villing and anxious to aid you, so far as may be, in the performance of your duties, we ake pleasure in handing you as full a report as can conveniently be compiled from the Le furnished the Secretary of the Interior, as aforesaid, hoping and believing it will give you generally such information as you may require, at the same time protesting that, in making this report, we do not do so under compulsion, but voluntarily, not intending thereby to waive any rights the Atlantic and Pacific Railroad Company has or may have under its Federal charter or otherwise, but hereby expressly reserving to it every right and immunity from State control or otherwise, it may have as a national corporation, Federal agency, and interstate railroad. Respectfully submitted. HISTORY. WILLIAM C. HAZLEDINE, Solicitor. 1. Name of common carrier making this report: Atlantic and Pacific Railroad Company. 2. Date of organization: July 27, 1866. 3. Act of Congress, approved July 27, 1866; Section 14, United States Statutes at Large, Page 292. STATEMENT. The line of railroad owned by this company in California was acquired by virtue of a contract of lease and purchase entered into with the Southern Pacific Railroad on August 20, 1884, the Atlantic and Pacific Company having bought two hundred and forty-two miles of road, constructed by the Southern Pacific Company from Needles to Mojave, for the stipulated price of $30,000 per mile, or a total sum of $7,271,100. But as the Southern Pacific Company was unable to make a clear title to the property, because of a subsisting first mortgage lien, and other incumbrances, this company pays interest at the rate of 6 per cent per annum on said purchase price, or $436,266 per annum for the use of said line, until said Southern Pacific Company is able to make a good and sufficient deed therefor. Last meeting of stockholders for election of Directors: May 31, 1889. Post Office address of general eastern office: No. 45 Broadway, New York. Post Office address of general western operating office: Albuquerque, New Mexico. |