Chapters on the History of the Southern PacificDaggett, Stuart
History
Chapters on the History of the Southern Pacific
Daggett, Stuart
Pacific railroads -- History; Railroads -- California -- History; Southern Pacific Company
From a statement made to the United States Pacific Railway Commission,
it appears that the aggregate earnings guaranteed by the railroads to
the Pacific Mail Steamship Company from September 30, 1871, to March
21, 1886, were $11,227,939.27. This did not include Central or South
American business. Of the guaranteed sum the steamship company earned
$5,854,113.06, leaving $5,373,826.21 to be made up by the guarantors.
The distribution of the burden among the railroads interested may be
suggested by the fact that out of $146,170.29 which had to be paid
during the three months from January to March, 1886, the Union Pacific
paid $34,652.94, the Central Pacific $31,927.57, the Southern Pacific
$30,172.79, the Santa Fé $15,086.11, the Galveston, Harrisburg and San
Antonio $11,536.82, and seven other companies smaller sums.[355]
Change in Ocean Traffic
The change which took place in the volume of water-borne commerce in
and out of San Francisco coincident with the arrangements between the
railroads and the Pacific Mail which have been described, is clearly
indicated in the following table:[356]
VALUE OF COMMODITIES SHIPPED FROM NEW YORK TO SAN FRANCISCO AND FROM
SAN FRANCISCO TO NEW YORK VIA PANAMA EACH YEAR FROM 1869 TO 1884
Shipped from New York Shipped from San
Year ended to San Francisco Francisco to New
June 30 York Total
1869 $50,015,994 $20,186,035 $70,202,029
1870 15,334,945 3,259,310 18,594,255
1871 9,391,607 2,161,106 11,552,713
1872 6,739,563 3,086,874 9,826,437
1873 3,042,617 3,667,107 6,709,724
1874 7,049,821 1,752,653 8,802,474
1875 6,057,202 2,382,928 8,440,130
1876 4,470,594 1,983,261 6,453,855
1877 3,398,864 2,205,979 5,604,843
1878 3,976,358 3,211,245 7,187,603
1879 2,781,065 2,166,690 4,947,755
1880 2,963,065 2,865,237 5,828,302
1881 815,893 2,598,868 3,414,761
1882 1,270,900 3,153,902 4,424,802
1883 1,192,912 2,394,430 3,587,342
1884 1,040,495 1,264,682 2,305,177
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