The Vancouver independent. (Vancouver, W.T. [Wash.]) 1875-1910, 1883-10-11
Passed at n Recent Meet
ing Of N. +. r. fR. Stockholders.

The following resolutions were
passed at meeting of the stockhold-
ers of the Northern Pacific railway
Sept. Goth.
WHEREAS, On the Sth day of Sep
tember the main line of the Northern
Pacific was completed so as to furnish
q through line for traffic between the
Atlantic and Pacific, q highway for
the commerce of Europe and Asia,
and above all, a foundation for the
prosperity of future states and of mil
lions of citizens Of our own country,
an event of great Importance not only
to stockholders, but also to the people
of the United States, and one which
but few years ago seemed to be al
most hopeless accomplishment; and
WHEREAS, 1t is fittingwe place on
record testimony of our appreciation
of the efforts to achieve this result,
and our commendation of the means
by which it has been attained there
fore
Resolved, That we, stockholders of
the Northern Pacific Railroad Com
pany, in this our annual meeting as
sembled, do hereby tender to the
board of directors our earnest thanks
for their faithful discharge of the trust
committed them, and for the wise
measures they have adopted to pro-
vide means to complete the great un-
dertaking of the construction of the
Northern Pacific railroad, and we Of
fer them our congratulations OH the
success that has crowned their work;
and
ReSolred, That the thanks of the
stockholders are due and are hereby
rendered to the president of the COM
pany for the zeal, determination, un-
firing energy, sagacity and foresight
displayed by him in carrying out to a
triumphant issue, in the face of un-
paralleled obstacles and difficulties,
the end desired. and
Resolved, That the vice president
of the company is entitled, and is
hereby tepdefed the thanks of the
stockholders for the faithfulness. skill,
judgment 4S-copsummate ability
with which he has managed the busi-
ness, construction and operation of
the railway and property and other
interests of the company; and
Res0tued, That the completion of
the Northern Pacific railroad entities
the projectors of the enterprise-those
who bravely undertook its execution,
and the devoted number who adhered
to its fortunes through good and evil,
and the new men who have recently
Joined the enterprise pledging their
fortunes and credit to secure its early
completion-to the thanks of the stock
holders and the whole country.
Vice President Oakes of the North
ern Pacific states that the net earnings
of the preferred stock for the year end
ing June so amount to per cent, and
that per cent. may be added for the
6 months to December 80, making 1
per cent. cash dividend on the pre-
ferred stoci; in January. He says the
business of the road is immense; also
that the present debt of the Northern
Pacific will be funded, and the COM
pany already has the offer OF money
for that purpose from Germany. The
board also feels that dividends on the
preferred stock may be expected at an
early day. 1t is denied on authority
the report that the Northern Pacific
Company is owing the Pullman ear
works large sums. All equipments
manufactured for the railroad COM
pany is declared to have been paid for
in cash on demand.