The morning call., 1890-12-11
RAILROAD EARNINGS.
Annual Report Of the AtchiSon,
Topeka and Santa Fe.
Satisfactory Result Of the Work Accom-
pliShed During the Lat Year.
Condition Of the Union Pacific Movement Of
Presidents for the Formation Of a
Western Railway Association.
Special to THE MoRNISe GAEL.

BOSTON Dec. 10. --Ihe annual report OF
the Atchi4on, Topeka and Santa Fe for the
year ending June 80, 1890. is made to include
the six months from January to June, 1889,
intervening between the close of the former
fiscal year. The report gives in detail
record of the amalgamations during the
year and says the result to the company
has proven satisfactory in every respect,
and the completion of the plans now in
progress looking to the same end will
demonstrate the wisdom of the policy out
lined. The large expenditures are explained
on the ground of bringing up the road-beds
and tracks of acquired lines to the proper
standard, etc. Siuce August, 1889. traffic on
all the lines has been heavy, and it has been
found necessary to make provision for
large amount of additional equipment, etc.
Referring to the statistics illustrating the
sources Of revenue during the fiscal year
satisfactory returns are shown, notably
from traffic, from which the best results
were obtained, the figures showing an in
crease over the previous twelve months of
$3,618,173 The decrease of revenue from
passenger traffic of S5S9. $50. and express of
S113. 54S, arose wholly from the reaction in
the Southern California boom, which was
felt most during the fiscal year, the Califor-
mia division alone showing S272,6 ,606 and the
Atlantic and Pacific road S232 395 less pas
senger earnings, and $3.50 and $40, 500 re-
spectively less express earnings than the
previous twelve months.
The total operating mileage is 7110; the
gross earnings were S31, ,004, 357; increase,
So, 43l, ,17S; operating expenses, $40. 920 $50 );
increase, S119,90S; net earnings, S10083,97
increase, 50. 3.3l1. $50. The statement of the
st. Louis and San Francisco road shows:
Total earnings, Sc, ,394, ,06S; increase, $780,
S92; operating expenses, S3.479, 3S1 increase,
Sl32, ,224; net earnings, s., ,6S7; increase,
$454, ,66S.
UNION PACIFIC.
BosToN, Dec. 10.-Director Ames of the
Union Pacific in an interview said
II believe the October, earnings are the
worst the Union Pacific will show for
that November should show an improve
ment. Ifell sure December will continue
the improvement. But have been SO much
disappointed in monthly returns that l do
not like to prophesy. The Trustees have
Cancelled during the year 81, 1861, 600 of bonds,
reducing the annual fixed charges by nearly
100000 But only half of this reduction
will show in this years report. This leaves
outstanding only S6,6 600 Of these per
cent bonds, and at maturity, in September,
1893. the company will cancel the entire is
sue, and when all the land notes are paid
there will be balance from land assets to
be converted into the Union Pacific Treasury
The Trustees of this land money have now
81, 900, 600 in hand for investment in bonds.
Besides this the Trustees of the Kansas
Pacific consolidated mortgage have another
81 GOO, 0G0 on hand"
NEW YORK, Dec. 10.-President Sidney
Dillon has issued an official order setting
forth that by consent and direction of the
Executive Committee S. III. Clark is, until
further orders, appointed general manager
in place of w. Ii. Holcomb, resigned. All
departments of the company are subject to
the appointment. Mr.. Clark issued an order
appointing Holcomb assistant general man.
ager of the lines controlled and operated
by the Union Pacific, with headquarters at
Omaha. 1t is understood Mr.. Clark will
soon be elected Vice-President.
CONFERENCE OF PRESIDENTS.
Several officials Of the Western railways
who will take part in the conference next
Monday are now in New York. repre-
sentative OF the Associated Press. in CONVEX
sation with them to-day, learned that a reso-
luton will be submitted to the conference
providing for the formation OF an association
of Presidents of roads interested, to be
known as the Western Railway Assoeia-
tion," the principal purpose to be the estab-
lishment and maintenance of reasonable,
uniform and Stable rates; to secure to each
railway due proportion OF business; pre-
Ntub unnecessary anu ca ptlSlSt INVERSION Oh
traffic; Introduce new economies and I'M
proved methods in gathering, handling,
transporting, interchanging and delivering
freight-and passenger traffic.
The Chicago and Alton road has declined
to take part in the conference.
UNION PACIFIC PASSENGER TRAINS.
PORTLAND Orr, Dec. 10.-There is a
probability that the Union Pacific will re-
place trains Nos. and s. which were taken
of the overland route December 1st. and
that two passenger trains per day will arrive
and leave here as formerly. The fast mail
is unable to accommodate the travel, and
No. /, west bound, is not able to haul all the
cars, consequently it is run in two sections.
AS this is very little advantage over the
running of two trains, it is probable the old
schedule will be revived.
FORT WORTH AND DENVER.
Fort WORTH, Dec. 10.-The annual state
ment of the Fort Worth and Denver Rail-
way, part Of the Union Pacific system,
shows gross earnings of S2.0l2 51S; total ex-
penses. S1,733, AIS, giving net surplus of
S279,040.
vILLARD's INTERESTS.
MILWAUKEE, Dec. 10-Iu an interview
to-day Henry Willard said the furry in
Wall street had not affected his interests.
His relations with the Northern Pacific and
with the North American and other COM
panies were the same as they had been and
would remain the same.
UNDER A RECEIVER.
KNOXVILLE (Tenn.), Dec 10-The railroad
known as the Three C's," to run from here
to Minneapolis. Kans., in course of con-
struction, has been placed in the hands of
receiver. The liabilities are said to be about
SS00,000.
SUPPLEMENTARY DIVIDEND.
MONTREAL, Dec. 10.-The Canadian Pa.
cifc Directors have declared supplement
tary dividend of l per cent, making total
f2R per cent for the year. 1t estimated
the surplus earnings for the year will leave
a balance of $925, 900 to be added to the divi-
dend reserve account.
NEW DIRECTORS.
RICHMOND (Va.), Dec 10.-At meeting
Of the stockholders of the Richmond and
West Point Terminal Company Jay Gould,
George Gould, Sidney Dillon and Calvin S.
Brice were among the Directors elected.
BOND OFFERINGS.