New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-05-15
RAILROAD INTERESTS.
CT louis AND SAN FRANCISCO.
PEACEFUL PROCEEDINGS At THE ANNUAL MEhi'

n,,crrrr. PROCEEDINGS At THE ANNUAL MEET
1sG-MR o'DAY ROUTED.
e. 1ouis. Mo-, May IA (speciaD.-The annual meet
, ., the St. Louis and San FRANCISCO RAILWAY az
,nsc,ed unusual interest here to-day. Among those
sunposed to know il had been Whispered .a' sen'a
,on would he sprung on the public, and that either
A.. corla or Mr.. Huntington would be placed In
49,, In addition to this it was expected that
,,.i+, would he made by some OF John O'Day's
q ;, and that the management would DC somewhat
sc..,,cly criticised. However, the meeting proved
60 In a ouiet affair. The proceedings were purely
formal and there were less than twenty stockholders
including the ofncehoders, present. John oDay did
not attend the meeting. nor had any one present a
49, tor him. Neither President winslow any
one else from the East was at the meeting. The
n,s,dcnt had however, forwarded sufficient proxies
10 control the proceedings, ard there were represented
an aggregate 1os.4s1 shares out OF total OF
o63 600 H. L. Morrill,, first presidcnt. presided.
The following directors were placcn IN nomination.
for the ensuing year and UNANIMOUSLY eec'eo "eorse
conpell. Walter l.. Frost, Isaac f. Gates, George j.
could Rrce Gray Coils p. Huntington, Henry H.
NcUaru Henry L. Morrill, Horace Porter. Jesse Sclg-
man Russell sage, Henry Scligman ana Edward r.
Winslow OF these three are new men on the Board
namely, McIIarp, Morrill, and Henry oehemah WHO
replace Messrs. Patton, Buckley and oDay. IL was
stated that Mr. Patton did not seek reelection, ana
n.
going abroad Morrill, takes the place Of Mr.. O'Day.
The general managers annual report was pre-
scnted. showing that the company now operates
I 1913 miles OF road and 1S3 miles OF siding IN
Missouri Kansas. Arkansas Texas and the indian
Territory. The receipts and expenditures were shown
IN the following statement: Average miles OF road
4, 200. gross earnings, SsO5o $50 65; operating and
general EXPENSES 80 o64 s53 IS net earnings $685.
OCT 30 taxes, s655,534 81; new improvements
a2o AGO ~: total expenditures including take, and
inonrovements s346O650 so; leaving net revenue
from traffic 81 53c 27O IL, against s21o94io - last
year. ,.--- ~, "a -. 49,. 4. A.
There had been an increase ff LOS per cent IN ire
average number of miles operated the total operating
exncnses showed decrease Of 2.10 per cent; tile
rnss earnings wcre ia per cent and the net earn
inrs l533 Der cent higher. The cost OF service per
traln.me decreased 3.2J per cent ara per road'mIc
2 n per cent tho earnings per tralnmlie increased
q per cent and per road nile 3l4 per cent as COM
narrd with tho previous year. No construction 81
new branches extensions mas oeeh name OF "luer'
taken during the year . " -, ,,.
Gnncral Manager Morrill, Is 10 lrave here tonight
Cor Vnw. York 10 attend the directors meeting OF the
ro,d IN no held there In fcw days II Is claimed
nv his friends that he will be elected vice president
~ tho company at THE meeting and that 1t l. only
question Of a few months until NICHOLS !, returhen
-. tho nlacc OF general superintendent, which lie 70
Gently resigned At present Division superintendent
Merrill is acting general superintendent OF the road
oI,vs enemies claim that r did not enter the meet
inc because he could not get together enough stock
70 accomplish ANYTHING and they assert that lie mas
been completely routed in the election.