Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1885-04-02
sorrnERN PAcIFIo CoMrANY.


SAN FRANCISCO, February y, 1850.
Arrangements having been effected by the
various railway companies interested between
SAN Francisco and New Orleans, comprising the
following roads, namely: The Southern Pacific
Southern Pacific of New Mexico, Galveston,
Harrisburg and San Antonio, Louisiana West
ern. Texas and New Orleans and Morgan'S Lou
isiana and Texas Railway and Steamship lines,
and roads controlled by the said companies, for
a unitication of their joint administration and
with view TO a more economical working of
the properties it has been decided that on and
after March l. 1885, these properties viii be
operated under one general organization. known
as the Southern Pacific Company. with head
quarters at San Francisco, Cal. divided into two
sections: all west of FL PaSo will be known as
the Pacific system, and all east thereof as the
Atlantic system.
The organization for the administration of the
general conduct of the business of the company
will be briefly as follows:
Under the direction of the President the Gen
eral Managers will attend generally to the bust
ness of the company, having the supervision
and direction of all the departments ofthe serv-
ice of the company within their respective
jurisdictions, the financial and accounting de
partments excepted,hnd their orders will be
obeyed and respected accordingly,
The Secretary and Controller Will have charge
of all books and accounts, and will, subject to
confirmation by the President, nominate and
fix the compensation of suitable persons for the
heads of the various offices of the accounting
department.
The Treasurer will have charge of all reve-
nues of the company, and Will appoint, subject
to confirmation by the President such assistants
us may be necessary for the conduct of the
business.
The General Traffic Manager, under the di-
rection of the General Manager of the Pacific
system, will be charged with the handling of all
through business of the company, and that in
terchanged by or which may be competitive as
between the Pacific and Atlantic systems.
OFFICIALS OF THE LINE.
A. n. TowNE, General Manager, Pacific Sys-
ten, San Francisco, Cal
a. c. HUTCHINSON, General Manager Atlantic
| System, New Orleans, La.
| j. c. sTuBBs, General Traffic Manager, San
| Francisco, Cal
All other officers and agents will be continued
on the various roads and divisions as under the
| previous organization until further notice by
| the General Manager
LELAND STANFORD, President
Annexed is the circular issued to-day by
General Manager A. \. Towne
SOUTHERN PACIFIC COMPANY, PACIFIC SYSTEM
| GENERAL MANAGERS OFFICE.
SAN FRANCISCO, April l. 1885.
| lease by the Southern Pacific Company, of the
Central Pacific Railroad and lines heretofore
| under lease TO the last-named company taking
effect this day, it is the purpose OF this circular
to advise all officers agents. employees OF the
| various roads comprising the system that they
will, until further notice, continue in the per
| fOrmance of their various duties as heretofore
the affairs of the company to the heads of the
various offices as formerly. Respectfully,
A. n. TowNE General Manager.
Replying to further inquiries Mr.. Towne
said the Associate Press dispatch from New
York is substantially correct, to the effect
that the whole of the line of the Central
| Pacific and branches north of Goshen has
| been leased to the Southern Pacific Com
| pany, the latter to pay all taxes, interest on
] bonded and floating debt and the require
ments of the Government under the Thur
man Act, as they mature. The Central
| Pacific is to receive in addition to rental a
sum not less that $1,000 900 per nnum,
and as much more as the earnings of the
roads may justify, up to a per cent. divi-
dend upon the present value of the stock.
The $l,200,000 guaranty referred to is
equivalent to nearly per cent. on the
present market value of Central Pacific
stock. This consolidation of interests can
have no other than beneficial effect upon
the public that is served by the various
roads forming this system, nor will it in
any way change our relations with con-
Meeting lines.
1t is the impression among railroad men
of experience.that the public will undoubt-
edly be benefited by the change.