The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-03-11
WALL STREET NOTES.

THE UNION PACIFIC RAILWAY CoMPANY-ELEo-
TON OF OFFICERS YEsTERDAY-THER AN
NUAL REPoRT-A DIVIDEND ON WESTERN
UNCONDITIONAL OF A COAL Co1lPANYs BANK
RUPTCY.
At the annual meeting OF the Union Pacific Rail.
road, held yesterday In Boston, the following gen.
tlemen were elected Directors: -Messrs Oliver
Ames, Elisha Atkins, F. Goodwin Dexter, Benja-
min E. Bates, Oliver Ames, I'd; e. H. Baker,
Sidney Dillon, Jay Gould. G. J. Osborn, George S.
Scott. Samuel N. Mills. j. D. Smith, j. Richardson.
General G. M. Dodge and John sharpe. The whole
amount OF stock voted was 32s,16s shares. The
Board OF Directors submitted the following report
for the year ending December 81 1S74:-
The gross earnings for the year were $50 $50
Operating expenses being Il Soo per cent q sross
earnings The surplus earnings Tor the year are equal
company In view Of the great COMMERCIAL res:on
al aaG se fsagan s on Of
the increase Of earnings on your road tor the past
SaGg Che aenion Of Inc ias thee
ha
Ho ure. lhe continued settls@snt Of the ~ com.
of f'as' Of he
coal mining the line Of The road and the
must all tend 10 swell materially the earninss Of
lions With the Pacific Mail steamship company which
already has enabled Your company to charge more re-
important not be lost Sight Of in con-
with Great prde and qualification thar the Directors an,
nounce the important fact that Arrangements nave
meoiate payment Of the, entire floating debt of
ior new rolling mill at Laramie was. sas2.56s de
& at @ h Sssn m s1 has sssn ant
increase N gross earnings OF $29,776 decrease OF
s6A673 The ratio OF expenses earnings has been de-
creased from a1 fio per cent to "A oo per cent The
sSns sAs sa reis
;I%asd mat as co%pa%y By operssins Is
S supply yoRs Rs 70 per 'ea
mined p ar t year e hace 1sessGpy
the isf ep;e%esr Into s new issue Of sinking und
saving IN interest payments. Of s4ao he SINKING
,und bonds now rank as one of the most popular @s
securities on The sew fork ,s soek Exchange
oeins average Of s. Is acre The total
m 81 sS sslnS
e s ss ss.a y
AND involved s sss e
% ns 5es ns
tered BY the stockholders without any remuneration
ssysTn%sss and The pubic hsSs Alone received ,5s
OF line ns Two rs INC
being SI 900 O)O excess inter.
'G @ and
OF The different commissions appointed by the govern
holders have fulfilled neir charge The large
Se Of the which have been paid
roam be $ as nd s%y VSsa
paid to the sockhoders now made no longer neces
paiy these expenditures would have been charged to
construction ana added TO the capital OF the company
lin ted growth. There is but little Uncertainty its
nd is M ai IN he
small percentage of It's The winter, the
the S sAG no T oage a TO Serious
obstruction by snow. his result has been reached by
penditures The report OF the superintendent shows
,hst, not one train has been seriously Dc,
the Fast and also parallel with US. have
o S 9r Of i'm Tmss
iaung 10 the taxation Of the unpatented lands Is great
pen dture Of money Xdecision de Term nns the amount
que the company for the halt OF the earnings ON goyen
company nearly siUo,ooj 1t is evident rom the fore
rsasrers the surplus earSiass Tor ia were
nearly 20 OolNl and that the company Ior me year
expenditure heretofore made, white the non-action q
the goyernment on ihe proposition OF the company viii
for ne purpose OF meeting the payment proposed Tor
money net profits rom the operation Of the road
during thai year The Board therefore submits 70 the
made OF these profits IL being their opinion mat "a
dividend Of SIX per cent TOR the year l5 payable in
made without detrnent to the company as 1t Is ccr-
tainlv iairly due TO the stockholders
After the reading OF the report on the motion OF
Mr.. Rollins. the following was adoped:-
Resolved That reports Board of Directors hav.
n Seen ADAPTED thsg are hereby eaaesed to Pay rom
OF six per cent per annuin Wayable quarterly com
Resolved That he action OF Oh, Board Of Directors in
propSsng 70 me geyernment INTO The Ireasnry