St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-05
EGAN Is PRESIDENT.
Important Changes in the Kansas
City's Oficials-Stickney New
Position

Important Changes in the Kansas
City's Officials-Stickney' New
Position.
An important change in its Official
roster took place at the annual meeting
of the Chicago, st. Paul & Kansas City
road at Dubuque yesterday. The change
consisted OF the creation of an enlarged
directorate, of which A. B. Stickney
was chosen chairman, and the election
OF John nj. Egan to the presidency.
The change was recommended in the
report of President Stickney, who said:
AT the time of the last annual meeting,
ABOUT three-quarters of the stock company
was owned aud held abroad Since then the
position has changed, and about three quar-
tiers of the stock is now held in this country,
mostly by people resident along the lines of
the railway. In view of the changed condi-
tons, the directors recommend that the
board of directors be increased by vote of
the shareholders from the present number
(seven to fifteen. and that representative
business men, who are shareholders, resid-
ing at different localities on the line be
elected directors
The president desires also to state that he
Will recommend to the new board the cleo
ton of j. Nj. Egan, the present efficient gen.
eral manager, to be president of the COM
pany as we'll as general mana ger, thus giving
him the general supervision of all the af
falrs OF the company. which will place him
upon par. IN respect to authority over the
affairs of his company. with the presidents
of other companies with whom he comes in
contact in the associations and elsewhere in
matters pertaining to the operation of the
railway. The president and the present di-
rectorS also recommend tnat the bylaws be
so changed as to provide for new officer to
be entitled chairman, who shall preside at
meetings of the board and have general SUI
pervision of the finances and authority to
carry out the instructions of the board
hale ND
der the amended bylaws, the following
fifteen directors chosen: William Lewis
Boyle, G. W. Benson, William Dawson,
Jr., Ansel Oppenheim, A. b. Stickney,
S. G. Stickney, J. M. Egan, F. B. Clarke,
A. Nj. Drake, David Rankin, A. Slim
mer, Andrew Crawford, John l.. Pratt,
/. L. Ellwood and F. d. Stout
The directors subsequently, met and
elected the following officers: Chair
main of the board, A. B. Stickney;
president, j. M. Egan; vice president,
G. w. Benson; vice president and trans
fer agent, William Lewis Boyle, New
York; secretary, M. c. Woodruff, Du-
buque, Ia: assistant secretary, John l..
Pratt; treasurer, W. B. Bend,
The showing of the company'S bust
ness and the annual report was a very
satisfactory one. 1t includes the fol-
lowing:
The increase in earnings over the preced-
ing year has been S1,447, 679.O7, or So
l1.1U0 per cent. The increase began in
July, the first month"; and continued through
out every month of the year. 1t was not con-
fined to any one section of the road, or to
any class of freight handled. The passenger
income increased, as well as the freight earn
lngs. The net earnings increased 1921
O59.75, or A $500 per cent.
The increase in the number of passengers
carried has been (65, 007 passengers) 5
Il Ylnr i'm nos rio1
mile IA, 800. 932), 81 60-1OO per cent; in
revenue from passengers S24l ,967.lU, or
30 11-1O0 per cent
The report states further that while the di-
rectors cannot presage the status of rates,
the policy of the company. as heretofore,
will be to meet the reductions of other roads,
never taking the initiative. The company. it
is explained, is not building at present, but
has caused the incorporation of the Leaven-
worth q St Joe. and. by leasing other lines,
will have a line of railway sixty-eight miles
in length and passing through Leavenworth
and Wyandotte to Kansas City. These will
ultimately be purchased.