dBooks desire

The agreement secures to the Government the principal and interest of
said bonds, amounting to $58,812,715.48. There has been paid thereon
$11,762,543.12, which has been covered into the Treasury, and the
remainder, payable within ten years, with interest at the rate of 3 per
cent per annum, payable semiannually, is secured by the deposit of an
equal amount of first-mortgage bonds of the Pacific Railway companies.
The amounts paid and secured to be paid to the Government on account of
the Pacific Railroad subsidy claims are:

Union Pacific, cash $58,448,223.75
Kansas Pacific, cash 6,303,000.00
Central and Western Pacific, cash 11,798,314.14
Notes, secured 47,050,172.36
Kansas Pacific--dividends for deficiency
due United States, cash 821,897.70
--------------
Making a total of 124,421,607.95

The whole indebtedness was about $130,000,000, more than half of which
consisted of accrued interest, for which sum the Government has realized
the entire amount less about $6,000,000 within a period of two years.


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