The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-01-26
noNANzA OAPIrALIsrs.
And how They have Pooled Their Mon.
cy Ia Big Schemes.

NEw York, January 24.-The consolida.
ton Of the Union Pacific, Kansas Pacific
and Denver Pacific Railroad Companies
into one Cempany,to be known as the Un-
ion Pacific Railroad Company, was made
known this afternoon. The Boards OF Di.
rectors OF the several Companies were in
conference until three o'clock. The main
features OF the plan OF consolidation are
as aspreviously telegraphed to the press.
The stock Of the three roads will be ex-
changed for that Of the new Company,
dollar for dollar, par value. The bonds Of
the several Companies will remain, as al
present, liens upon the several divisions
upon which they were originally placed.
1t is probable that at some future time
they may be embraced under single
mortgage, as Is now being done by the
Wabash Pacific Company. The capitals
OF the several Companies are as follows:
Union Pacific, $50, ZOE, 800; Kansas Pa
cifc, s9.0S9,950; Denver Pacific, S4,000,-
900; so that the capital stock OF the new
company will be S50, ,452, ,250.
The bonded Indebtedness Is: Union
Pacific, $50, 1888 600; Government subsidy,
81, 1855 ,5l2; Kansas Pacific, S22, 1870, 900;
United States subsidy, SO, 303, 900; Denver
Pacific, $2,27l 900.
The mileage is: Union Pacific 1889
miles, including the Utah and Northern;
Kansas Pacific, 672 miles; Denver Pacific,
l06 miles; total 2,0S0 miles.
The Union Pacific controls the Colorado
Central l99 miles; Utah. Central, SO miles;
Utah Southern, 70 miles.
Tho Kansas Pacific has numerous trib-
utary lines so that the system may be esti-
mated at 5000 miles.
The officers Of the Union Pacific Rail.
road Company are: Sidney Dillon, Presi-
dent; Elisha Atkins, Vice President,
Henry Mcfarland, Secretary and Treas
urer; Directors, Sidney Dillon, Russell
Sage, Jay Gould, Salon Humphreys,
David Dows, Thomas T. Eckert, Of New
York; +. l.. Ames, E. FL. Baker, Elisha
Atkins, ]. Gordon Dexter, OF Boston;
Carlos s. Greely, Of st. Louis; G. NJ.
Dodge, OF Iowa; w. l.. Scott, OF Erie,
Penn; s. II. Clark, OF Omaha, and John
Sharp, OF Salt Lake City.
Before the election the Boards oil Direc.
tors OF the old companies resigned. Those
who retire are: James K. Keene, Addison
Comstock and w. II. II. Loveland, from
the Union Pacific, and Addison Comstocx,
]. NJ. Ham, D. NJ. Edgerton and J. p.
Usher, from the Kansas Pacific. OF the
entire Directory Of the Union Pacific only
three remain-Carlos Greely, Sidney D.l.
Ion aud Jay Gould. The Government
Directors OF the 6nion Pacific remain un-
changed.
By this consolidation the new Company
comes into the control OF continuous
line from Ogden, Utah Territory, to
Omaha, Neb., and q parallel line TO the
South from Denver, Col, TO Kansas City,
NO., with numerous tributaries in Utah,
Colorado, Nebraska and Kansas. S1me oi
. the large holders in these companies ex
press the belief to-day that the economy
In management that would follow the con
solidation would make the stock OF thI
new company 10 per cent security. TIL,
J resignation Of Mr.. Gould and others from
u the Union and Kansas Pacific Directories
Q became subject Of report In the stree
a before the details Of the consolidation
were made public, and 1t was miscon
strued. Tho result was that, ior:an hou
u before the close Of the Board, considerable
n anxiety prevailed,