, 1879-03-06
Jay Gould Not So Lame as Ger
tain New York Pa
pers Say.
lie Votes OH 143,7OO Shares OF
Union Pacific " Easy
ISn0t1gll.''
Report OF the Meeting at Boston
Observation-Disclosures.
Annual Meeting Of the Grand Rapids l.
Indiana--.0thor Matters.

1GFGlEi tJtDu]CN 10 fHt If1SHHE,
BosToN, March f-'rhc annual meeting OF The
Un1on Pacific lsatlroad to-:!ay was Il tame affair
On tic surface bu. II Is hntcd that there wcro
underlying causes for this condition of ntInErs.
Tile Directors arc sald 10 be considering tic
question OF afnalgamation With the Kansas
PacItc Railroad, hoping to nccomo1sh such
within thirty days, and, inasmpch a. they haze
not arrived at any definite conclusion, they did
mt feel called Upon to report the progress Of
their dcilbcratfon through tic Stockholders
10 the general public There was only
unc ticket fnr directors, mud The only
changes fron last year arc Russell eagc,
Of New York, III place Of q. II. Do!ge, Of Council
Bluffs. Scion Humphreys, of Nc,s York, In plarc
Of J. Richardson. Of New York. james r, Kcenc,
OF Now York, In place Of II. II. Porter, Of New
York, Addison Camsnack, Of New York, in place
oftFredcrick Nlckcrson. Of Boston. Jay Gould
noted In hIs own right upon 123 700o shnres, md
on 20 600 shares by proxy. sducy Dillon TN 27,-
QUO shurcs. Russell Sagc 2i,C50, Oliver Amcs 37,-
GOO. Tie Directors subsequently Reelected the
officers Of last year.
To tht TFtstkrn Assottattd Pr:sc.
Bosroa, March 5.-Tle Stockholders Of the
Union Pacific Railroad Company, In annual
meeting today, elected the following Directors
for the ensuing year: Sidney Dillon, Now York;
r. Gordon Dexter, Boston; Elisha Atkins, Bos-
ton; Russell Sage. New Yurk; Soon Hum
phreys, New York; Jay Gould, New York;
John Sharp, Salt Lake City: y. II. II. Clark,
Omaha; David Dows, New York; Jancs r.
Kec,lc, New York; William l.. Scott, Erie, Pa;
E. II, Baker, Boston; Fred l., Amcs, Boston;
Addison Cau1mack, Now York; aul ". A.. II.
Luycund, Golden, Col.
The lurgcst stockholdcr Is Jay uould, who
voted III ills own right upon tea, 700 sl,arcs, and
a7,7oo shares; Russell saEe, aI,o5o; Oliver Amcs,
37,0oo.
nimn '1u rost,t ~ t,;s,a .st st,ne estrn srSy
o'"oa tfes'us"s' 1''s''u atA'os' VIGIL res''
den-' Henry Mcfaf!anu, secretary and Treas
urcr; utid o. ". Mink, Assistant Secretary and
Treasurer.
rio rcnort ri lin r,roctora covo,. ,por,,;or,
~. ,', y. ~ ~, ,e-, =, ops'"s'v"o
'or ''lc year ehaea Lee. oil ie's' Inc nasnoer
oi miles oI railroad III operation s l,0t5 70.
t1ross earnings, Including tl,c Otnul,a bridge,
AIN. 1otn1a. Onerattp,, evnon.rs. tnr,ntl,n.,
,orca s5 nm ~. lo,vinr , ho1,,rn -, s--u
ns". asH..' 81, ,.7 aea'@s. ~ e','a.;
ooo' aa interest eoilectod on investment sccaEl-
ties amounting to 1885, tDS5, making total net
incona ct s7.tE,1 ,G7:, Ilr opcratinr cxncpscs
wcrp 4o0s ner cant Of the earnings. Dl,m,r,c-
,n,n,s mani % m oreo,nt m of tntcrcst M mn ionJa dtv,.
n'e"ts oA 1ecou"s oA il'teeest o'' o".!oet uH!"
dcnds amounting to per cent, snIng fund,
etc., 60, Gel $40, leaving surplus ior future
usr us st.;lOr.731. Thc rctIuetin Of sfE,s mn IN
,,,o ;,;,a', ,,ntt ,oorns In a,,,.n, an iue mn,
@ ane iae,i uepI sa'es tl'e a'noun. GOV, loe'vu
lhc earnings ahd expenses oi letf @uu lo1o
compared show In thu latter year an tncraasc OF
| earnings md n decrease of expenses, the in
crease in surplus earnings bglng S.3o3.. md
lite dcercasc III percentage Of extcnscs 1.00.
| There VIVA 1ccrcnso III passenger earnings of
slsl.593 ~ through ou;hlcss. IN local trayel
tyro has bcrr acknowledging ncseuso Of ,2255s,
III miles. The increase Oh freight earnings W..s
s5bl4l, largely M derived from iosal business.
Sales Of land, 3lS 03 ucrea, an tucrcaso Of 2l0,-
8S7 acres, at mn average price Of SISSY PR
,.cre, lecrvasu 1T " rents, realizing 81 ,537 031
MI Increase ot s1,2l33t4 lllc eales during 1877
wcrc yery small On account OF tic grasalopprrs.
The present lenEt of tic road, lald with steel
ratl, aaY3 miles: 15,0gu tuus Of steel rais i,ayc
hcc, contracted for 10 bc used during tlu pres
cnt gear, n,ld steel rails will be substituted for
tru1 as fast o. the tricks nccl removal, No
year.
| Tie construction expenses for the year were