Evening star. [volume] (Washington, D.C.) 1854-1972, 1884-01-24

ANnUA ktfuET OF TiE GOVERNMENT prREcroRS-
TIE TRIPtRTsTE ALLIANCE AND RR>FFlTs ~
fECTED PROM IT-THE FINANCES oF rUF Ro.n
Ne" loKk, Jan. 2i.-1he annual report az the
government directors of the Union Pacidc railway
company WAS Transmitted yesterday 10 IN. Sarrs
ttry oI the Interior IL f. youIaiTous dor,,rnent
ciil inning hearty on" hundred pages Ol printed
ina'trr. After referring 10 the charge made thar
, tteth"re the infringement OF the road has been
rtlnGtant 10 furnish Information regarding the con-
duct OF ls Affairs The tiregtOrs state that during
uiT past year they Lase lnund no such unwilling
ness manifested The report refers 10 what Il
hhoNn as the "iripaHite" alliance aid states that
III every instance their wish TO have anple norica
OF n~Il.b55 and of proIa,rf oIera ions was con
pli with. except In the or proposed rarifca.
il9h oi lhlo alliance VITA the Chicago ana ROCK
Islaii and ,hicJgO, Milwaukee aui st Paul rail-
fold companies concerning through business ThiS
was b! IaI the most important transaction OF the
year Al the quarterly meeting OF directors OF De-
ct o. iloel lStl rs, no business was transacted as
ti'',i was bot quorum present Ali the govern
nltht directors, however. united In the following
ISoiutlVn "Noted nat We protest against the rati-
Hrallen OF the proposed contract With the Rock
Island and 81 Paul roads Entil it has been submit
ted 10 ana approved by the b0ara Of Directors of the
Union Pacific railroad company"
The report says: "There is no reason 10 believe
In THIS transaction that the executive committee
ha1 any Intention 10 uSnrp the functions of the
lrL board. The Proceedings seemed however 10
u" OF ilCh Importance n 10 require greater llbera-
ii2n aAd more formal action and the steps above
described We're accordingly taken"
Tue contract came up for ratification before the
Iuii BOARD al the meeting OF December 2Oth, 1893,
ana no opposition WAS offered to IL from any quar-
Ter, the government directors having Incurred into
the legality OF It's provisions IN letter addressed To
Judge j. +. Dillon. the solicitor OF the company ana
being Informed that II ia L9 way violated the char.
tiOnn
"A railroad war" saws the report sqn which
rates are cut below the point where freiChfs can be
carried at profit. Il destructive the business in
tefes's d the community no less than 10 the corpor-
ATOMS immediately concerned. Steady and nxed
rates. even though they are high, are much more
conducive TO n healthy and prosperous business
cohditlon than the Unsettled ana fuctuatlng rates.
however low, which are brought about by the COM
petition OF railroads. IL l. confidently hoped that
the contract VIII bc accepted as the basis OF per-
manent arrangement between all the roads con-
cerned, and that under it the roads viii do prot-
abe business, while the communities along their
lines VIII derive permanent benefit therefrom-"
THg FUNDED DEBT
or the company. after deduCting bonds held IN trust
and bonds IN the sinking fund on June SOth. 1854,
showing an Increase OF sl.439 g26 25. The invest.
ma,it account shows the amount OF stocks. bonds
and other securities held as Investments 70 be
S59.G33 34S0in at their face value. from which the
company derived an income during the year OF
So 1852 81, and from other Investment accounts
there were received sl03.sp350, making a total or
S2.2Sl.1J6-35 The floating debt statement shows
that the total debt, under the u. :. railroad CON-
miSSfonerS' view, on June 30th, 1882 was
sio.75isyls7. and on June 3Oth, lss3 So ls9 sea
Was fl336SS1 81 June Both, 1883. Sss4i i!.n 10
The total resources In 1852 were SfO,5g2 SIS 81 in
1884, s9.6ss ai62 %. The reduction In the fioating
debt, the directors say. has been effected by pursu-
ing the policy recommended In their last report
Temperance Lessons in Public schools.
ALBANY, y. Y, Jan el-1he senate committee
on III erature has reported fayoTably the bill pro-
ydng for instruction in pubic schools on the
the hygienic effects OF alc"hollc liquors