The daily Cairo bulletin. (Cairo, Ill.) 1878-1???, 1884-01-25
AN IMPORTANT DOCUMENT.
Annual Report Of the Government
Directors Of the Union Pacific.

Directors Of the Union Pacific.
New YORK, Jan. X.-The annual re.
port OF the governnsnt directors Of the
Union Pacific Railway company, trans.
mitted to the Secre'arv Of the In.
terror, is voluminous document, contain
ing nearly 100 pages Of printed matter.
Referring to the charge that heretofore the
management Of the road were reluctant to
furnish information regarding the conduct
OF Its affairs, the directors state that the
past year they have found no such unwiIl.
ingness manifested. 1t had been insisted
by tbe government directors that
their representative In the Executive Com.
mittee should have ample notice OF al
meetings Of the committee and q full
knowledge Of ell its transactions. The re.
port goes to sayi Except In one single IN.
fully compiled with, and even In this one
we are not prepared to say 1t was seriously
attempted TO withhold from our represent.
alive knowledge Of pending transaction,
or consummate It without consulting him."
The instance referred to was In the pro.
posed ratification OF the tripartite alliance
with the Chicago & Rock Island and Chi
oago. Milwaukee & 81. Paul raj roa Ia, con.
corning through business. This was by far
the
MOST IMPORTANT TRANSACTION
OF the year. Competition on lhrougl
traffic, to which the company had besi
subjected by rival roads, which practically
PARALLEL the main line Of the Union Pacific
from Omaha 10 Ogden, were cutting rat Q
TO ruinous figures between these points,
while dividing under the pooling arrange
ment with the Iowa roads, profitable
traffic between Omaha and Chicig forced
the Union Pacific to enter into al ailIancs,
offensive and defensive, with SUCH other
roads as would practically extend its lines
to Chicago and give 1t fighting chances
against its rivals. n gotialions leading up
to this were entrusted to G ners Manager
Clark, and are fully SET forth In the report.
At the quarterly meeting OF the directors,
December u, 1888, no business was trans
acted, as no quorum was present. All
the government directors, however, united
on the resolution: Voted, that we
protest against the ratification Of the pro.
posed contract with toe Rock Island and
st. Pau roads until 1t 10 submitted to and
approved BY the Board OF Directors Of the
Union Pacific Railway Company
(Signed) ''IsAAC q. BROMLEY,
Secretary"
The report contin ues: "There Is no reason
to believe that 10 this transaction the Ex.
ecutive Committee had any intention to
usurp the functions of the full Board, By
Of tho pnur1 ho MI
clothed with full power to perform this and
similar acts, and they are only following
precedents. The proceeding seemed, how.
ever, to be OF such importance Is to require
greater elaboration and more formal
action, and the steps above described were
accordingly taken"
THE TRIPARTITE AGREEMENT
OF December 8, 1883, here is taken up
and Its terms generally stated, by which
the roads mutually agreed to share in
through trafn0 upon basis Of fixed pei.
centage. The Central came UP for ratia.
cation before full b GARD at the meeting on
December ~, aud no opposition was offer-
ed from any quarter, the Government d..
rectors having inquired into the legality OF
its provisions In letter addressed to Judge
j. +. DILLON, solicitor for the company,
and, being Informed that 1t In no way VIC.
lated the charter OF the company, they con.
sented to Its ratification. Subsequently,
by unanimous vote Of the directors, the
general manager WAS Instructed to take
oil proper measures 10 induce tho other
roads eonverging ct Council Dlufts, to.wit,
Northwestern, Chicago, Burlington &
Quincy, Wabash, st.. Louis b Pacific and
Sioux City 4 Pacific to come into the ar.
ranQsment upon the same or similar terms.
At the dste Of the Submlssieu OF
the report n 10 net known what sstien.thsss
roads
WILL ylAALLy DECIDE vSoN,
but II seems obvious that uuisn OF on the
roads interested, upon sush basis ~ Wv
enc proposed, will ~ mveh more adysa.
tAgssuS 70 Oh and v W. Ssnsral WS)isrs
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