Idaho news. (Blackfoot, Idaho) 1887-1891, 1888-11-03
AFFArEs or THr UNION pAcryrc
me Late Meeting Ia Bos,on-A sneeesso,. 10
Potter 1ppOfnted.

Potter Appointed.
Boston dispatch. At the Union Pacific
directors meeting to-day. VIM. FL. Hol.
comb was chosen director, vice Colgate.
resigned Subsequently Holcomb was
chosen yice.president, TO succeed the
late lhomns } Potter as the chief exec.
ltive officer Of the Union Pacific system.
resident at Omaha. r. J.. Kimball was
appointed general manager, and G. s.
Miller assistant general manager The
president stated that no changes in the
organization Of the Union Pacific were
contemplated. Mr.. Dickinson will CON
llnue as general superintendent: ]. A.
Monroe MS general freight agent, and j.
,. iebbits ms general passenger agent.
No change in the organization of the
- Joseph d Grand Island was contem-
plated, or OF the various Utah roads. No
appointment Of general manager Of tho
oregon Hallway and Navigation com
liahy would he made NJ present; the du-
Hes 81 the Office would he performed by
Mr. Holcomb until other arrangements
were made
Mr.. HOlcOmb is at present general
manager of the Oregon Railway and
Navigation company, 10 which position
Nc WAS appointed On the recommenda-
tion OF the late Thomas j. Potter. He
hal previously been connected with the
Chicago, Burlington & Quincy road, and
later with the Chicago, Burlington a.
Northern
The question of advancing money on
the part Of the Union Pacific to meet the
COUPONS uf the Denver. South Park &
Pacific iirsts, maturing November I, was
considered aui without final action re-
irIrea 10 the executive committee with
iull p8htrs. Tho question If pasing q
divided Was not raised. nor Was there
hhN discussion as 10 tie RESUMPTION Of
dividend, ly ihe company, either now
90 hereafter The matter wts ia 40 way
alluded %, The company nov has no
ioHttng debt for which provision ia cash
lms not been made A fund Of So, 600,
bB' has also been provided TO pay for a
barge amount Of new equipment recently
nrdertal only portion Of which has as
set been delivered
The company has no work of CON
structlon now going on. The extension
u the Salina, Lincoln j. Western road
q Colby, about l75 miles, was COM
pleied on the Goth inst The money
needed 10 pay for this work has been
provided During the past four years
between june 80. 1884, and June 30,
ISIS, the surplus income OF the system.
to the amount az Si3. 500, 600 has been
pat into property, About 81, 900 tons
~ steel have also, during the period
named been put into the tracks of the
system, IN place ~ iron 4 table show
Ing the condition ~ the funded aud
floating debit OF thc company, its mile
asc aud debt per mile, accompanies this
statement From this statement it APP
pears tlaat the entire funded and float
lHg delH las been reduced since june
20 1881 from Sl55, $40 COG TO al4S. G26, :
1872. including all accrued interest 10
The government, aud that in this same
time the mileage LAS been increased
from !, ill to 4 7G4 The debit per mile
stands IL S3l ,i9l, as against S35, 100,
There ins been a sli-ht increase IN the
debt since December, 1857. The in
crensc amounts 10 Si2. aJ6, 931.
he result nf the financial operation
~ the whole Union Pacific system for
the twelve months ending June 80, iSSS:
Gross earnings of the entire system,
seq. U93. Ii3: surplus earnings, Sll. 49,
$50: total income, SIC, 25a. Is2; total ex-
prnscs. 81, 500, 1903; surplus less United
States requirements approximate, S3,
| 53i. $40