of public animals, and other expenses incident to marching, I think the saving to the Government may be safely stated at one-half the actual amount paid for rail transportation.* The actual amount received for mail service for the year ending December 31st, 1867, was...... Average distance carried, 233 miles. The contract amount to Barlow, Sanderson $34,841 12 51,693 38 Exceeding the cost of rail transportation by $16,852 26 The following recapitalation, based upon the foregoing statement, will more fully show the saving to the Government of rail over wagon transportation : Showing a saving to the Government of nearly twice the whole cost of rail transportation for the year. *Or the saving at one-third the cost of marching the troops. †This should be seven hundred and seven miles, or an average rate of $243 per mile per annum, as shown by preceding certificate of Postmaster General, which increases this saving from $16,852.26 to over $21,000. The average length of main line operated in 1867 was 201 miles, making the liability to 365 the Government, in U. S. Bonds, at $16,000 per mile, $3,218,893. The interest on which, at six per cent. per annum, is....... $193,133 58 Deduct this from the total savings as shown.... 846,382 82 And there is left from the savings........ $653,249 24 A sum sufficient to discharge the bonds in less than five years. S. T. SMITH, STATE OF MISSOURI, Auditor. COUNTY OF ST. LOUIS, ss: S. T. Smith being sworn, on his oath says, that he is the Auditor of the Union Pacific Railway Company, Eastern Division, and the facts set forth in the foregoing statement are true, to the best of his knowledge and belief. (Signed,) S. T. SMITH. Sworn to, and subscribed before me, this 8th day of May, The Auditor, Mr. S. T. Smith, has omitted to state that, of the amount, $511,908, of Government business done by this Railroad last year, only one-half (under the provisions of the Pacific Railroad Act) was paid to the Company; whereas, if the transportation had been done by wagon trains, &c., the whole would have been paid in cash by the Government. This makes it necessary in order to ascertain the actual money saving to the Government last year due to the existence of this Railroad, (and of the contract between the Government and the Company, based upon its aid,) to add $255,954% to the amount of saving shown by the Auditor. The result is a total actual saving of cash expenditure to the Government for the year, of $1,102,336%, which would wipe out the interest and principal of the entire Government issue of bonds to this Road in less than four years. WM. J. PALMER, Treasurer Union Pacific Railway Company, E. D. ST. LOUIS, May 9, 1868. Gen. Wм. J. PALMER, Treasurer, Washington: DEAR SIR: Enclosed please find statement of tonnage of Government freight, and mileage of Government troops transported during 1867. Respectfully, S. T. SMITH, Auditor. UNION PACIFIC RAILWAY, E. D. U. S. Freight-Annual Statement of Tonnage for 1867. No. Number and Mileage of United States Troops carried during the 9 86 29 3 128 2 463 608 42 : 2 26 22 5 2 : :: : 2 66 Bavaria 189 Harker 214 66 Ellsworth 218 ... 227 248 1092 420 2221 1174 849 1299 321 818 327 749 9745 1,350,352 Earnings in 1867 from transportation U. S. Troops, $108,757.10. The rate per mile as per Passenger Tariff is 7.58 cents. The excess of the rate for transportation of troops as above is caused by excess of baggage, camp and garrison equipage, officers' horses, &c., &c., which were entered on the orders for transportation of troops, and amount included in passenger earnings. 5 154 6 3 300 6 .... 2 ය. 2 ·3oo}7i:::;:2ས :::ཤ:::གླེང::;::ཨེ :gཋ;: : : :::::༄ :: 91 47 38 50 40 2469 29 888 1405 900 109 303 44 663 2425 183 320,970 5,220 16,632 518,950 |