The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1889-04-23


Bosurs. April e 1.-THE annual report o.
Ne dirncsors Of the Usicn Pacific Railroad
Company for the year ending December u.
-. rey1ews II some Ispgth the rsgsti Qua
befwsen ths RoFsf's a1sfsf hns Tee com pany
Uitb Z reanme 81 the Bgn aetiass taEsn ~
ofsf,xresx OF the 0sthwasts hsil. Tie -
mr. colslnues The result % The closing
months III last year with the present oht'
k,ok fay the cnfrsnt seaF, so0i1 net t2s1f1
DIS directors In rsasstsSE tas pa n9ss1 OF
dlyidrflss. During the last year owing
mainly 20 d.asssas sTs'ps 70 ksnsas ai ass
NsbrxskA. which sEsfseiy sHecfea all
roads operating In these states. the snrpius
geyen sss 0s tbe Unioa Pacific proper 81 ,zS9 el
mller} lssIi below the average and amounted
n ~ .sfa sl4. ss eumrzrsd with - ~ ~ for
ne year Immediately prsoessing. in.s
eauaIssi LIZ peg cent 90 fsle company >
cfi,ck. Dnfsnx fh4 year. however. slie con-
neuy VIA from tIfae TO time called upon 20
Advance money 10 meet defcsennseS ~.
0ufrfd on account of leases and tbs inslAl
~ OF eegfxln suxlIiafs Isgss Ia which y
0wned proprietary Interest TO meet thsis
Axed charges. Desiactinz these advances
Rom the ..aerssses tie net surplus fhsffase
a The whole Usii0u Pacific system was
during the last ye3r 81 aas. sc. compared
With 12,9gs, 10 in 1887. = esniszratfse fail
Ing on 81 81 ,nss Gus - on the iiue OF the
Union PAifif prupef 81 h2flei Elfies1 and
falling Oft Of 81 ISL $50 ia the aggregate
Union Pacific SYSTEM f6yGsl.zs t3iissj. The
net nufpius revenue 81 The - teffi = s9uai
q 81 Der eeis Oh the capital siock OF tho
Union Fariic railway proper.
sTne directors sas that III ossfsF TO guard
neniuss the Indebtedness OF the company
70 the Tuised states. which nov amounts
70 ~ ,ego.tGo. they have concluded 20 st
apart sat qnsrtef irosn the sarpltis feys-
nue. ut the company or iis Investment A.
fkSs
tht second quarter ~ the tufrnns year.
snm q! rBos1ss or delfsss securities TO the
American Ioau and Trust Cenipaay in this
city. 70 be held by IL 80 nn additional sink
Ing fund thEonRh which provision sbAll De
made for the debt due from the com pany
- the gogerpast.t on aessnni OF b,iias
advanced Ia aid Of the construction OF the
railroads Row included ia the Union pa
ctne system. excluding the Central Pacific.
The sum D xl6s 800 hns therefore been set
side By vote III your directors out OF money
1oWin the cofnpany'a treasury, and viii
~ paid osef to the American Loan aud
Trust Compat1y II The close of the quarter,
- be held aud Invested by that company
nndef deed oI trust ~ q shaking fund. u
heipE computed that this srsa would equal
the amount OF Interest paid by the Govern
manf during that quarter. lrss payments
made also durhg that quarter into the
fyvseury OF the United states by tbs com-
P4uy Uu0tt 81 f&tst4Hk Nttytslttfs Va tbt
law. together with the accumulation dur
Ing the name period of the Thurman act
linking 5Hnd. also held In the Treasury.
THE oEEnox SHORT LIME.
The history OF the Oregon Short Lane Is
given. and the relations OF the two cam.
pantes. One frosision Of The directors last
year has never been fulfilled that wsl4eh
apporfioned eatnings fr IN joint trsfise ON
besis of stseifht mileage. Variation
from the contract has nuesr been de-
manded BY tbs short Line nor the antosi-
ties provided bs the Cnion Psctfir. A
statement on the bssis OF the eantsacs
would have showed ua May 81 last that the
Hboff Line owed the Uuiuo Pacific con-
etderably mart than tz30cef, instead of
N. 20. As. rs shown by the Published doce.
ment The Snort Line directors In July
Aahed for 4 revision of the contract Of isss
EefeEseS were appointed In November
It<y reported, practically confirming the
operation. Az the annual meeting the
stockholders OF the Union Pacific are to be
nshsd 70 rsefy an agreement between tho
companies On this bssiss
A. the government does not
permit the Union Pacific 10 con
shhef branches. nuuiber of
these lines have been constructed by seta.
rate companies which the sYead coutrcN
Those companies number hf y eight and
are eamhsrsone. The directories there,
lpfe recommend that the Oregon short
Line Utah 4 Northern, Utah Central. salt
Lakt 4 Western, Utah & Nevada AID Og.
den q nyraeiise BE- merged Into ere.