New-York tribune., 1886-04-01
UNION PACIFIC FINANCES.
STATEMENT AT THE YEARLY MEETING.
PRESIDENT ADAMss HOPES FOR THE PROPERTY
DIRECTORS ELECTED.

PRESIDENT ADAMs's HOPES FOR THE PROPERTY
DIRECTORS ELECTED.
BOsTON, March 81 (SreciaD. AT the annual
meeting OF the Union Pacific stockholders In Boston
to-day about 900 ont OF 100000 shares were repre-
sented While the voting going on President Adams
made of the progress made by the ROAD
during the year. In reply to the question OF stock
holder whether any oShe bonds held by the company
had been detaulted Vfesdent Adams stated that the
only bonds sucn a few now lying In the
safes OF tho company They had their coupons intact
and would until the surplus accrued 80 "a 10
admit Of their lust settlement, which he believed would
be in the near future. In regard to the Denver and
South Branch. Mr. Adams sad that the outlook Tor
this important division most promising for while
the earnings had decreased S329.437 in tho last
year compared with 1884, still the expenses had de-
creased $4S057L
The most interesting portion OF his remarks was In
aus wer questions propounded almost smuitah-
eousy by Mr. Hastings that II the surplus last year was
55. when would the stockholders receive any
dyiaendsl To this several present cried out Yes.
that's the point" The othor request for iDforma
tIon as the existing relationship between tho com
pany and the Government. Mr. Adams IN reply 10 inc
first question said
Since took charge OF the affairs OF the company ,
short time ago my sole object has been TO place upon
Tin anoaI and business bassaDd TO 40 TINS was
necessary 10 devote the entire surplus 10 lne
OF claims against tho company The transcohtuebta
which have tried hard to prevent ana me gro"ms
rom rival roads have, you know.
duced receipts from through business hy taxing rom ON
share OF traffic once entirely our OWL 5u. ~,
building up OF the West and the necessities OF ,ns nay s
have our local business that an
understanding can be made with the GoVernmrn mp H
TO abs 10 talk with the stockholders IN
the subj, t OF dividerds wlthn u conPar"'o'' '"'
time"
This remark was greeted with applause In speaking
of the relations OF tho Government and the company
the president that the seat policy OF the Gov
enment was dsgracefu dsrepuIable and embarrassing
Obstacle ho experienced in reorgsnizng the road
caused him half as anxiety and trouble az the
Numbering restrictions caused by the unjust interier
ence by tho Government. He said that the Ihur"ia
act had worked its Trainer intended iacl -"
Thurman had acknowledged him. and as long as II
remained in effect it would be continual dra"oacA a"u
embarrassment to tho company. The bill now
being prepared by the Senate, which the
public believed to be one OF the cohi-
pany's preparation, neither he nor any oncer OF
representative OF the company had been allowed 10 SEE
and II he only what it, contents were ne woiu "a
only TOO pleased as he could then decide on some de
policy for the future. while at present ms
caused him to be all at sea. what tne colpanS 80
was to be treated exactly as any Singe ia obga
tions by the ordinary system OF annual pay nnehts
and II they settled up on tine onac 10 cor ue
allowed to manage their own affairs ike any oher cor
poraton lie counting OF the ballots resulted Id an
bouncing the following directors eiectea p,e enst,e
Francis Adams, jr Boston; Frederick Ames boston' you
Elisha Atkins, Boston; Ezra II. Baker Boston f. ooi
don Dexter. Boston, John t. spaulding B0ston, ,d ner
H. Cook, New-YorE; Sidney Dillon, New-lcrK; Dssla
Colonel Gate Hoyt. New. York; s. X. eal,a, IA
way, Omaha Neb.. GrenviIle N. Dodge: c9aneii
Jnhn sharp salt Lake City. John Z. Spaulding was
SUbstituted for Mr. Mahon d. spaulding of Boston
who was tenn III Hio, declined reeecton
ana Mr.. Colgate Hoyte. of New-fork formerly ~,
OF the Board OF Government was cn"s aotor as.cmiet
recess the newly elected Board ol DrecIoIs "SS0'S~
and re- elected the old Board OF Ohcers