New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-10-13
VESTERN UNIONS REPORT.
ANNUAL MEETING OF STOCKHOLDERS
DIRECTORS FLECTED-AN INCREASE in @koS'
REVENUES OF s972.07 Is.

DIRECTORS FLECTED-AN INCREASE IN "f'oS'
REVENUES OF se7207s Is.
rl animal meeting OF .he stockholders Of the West
ern Union Telegraph Company was held yesterday
moon The voting was mostly by proxy ana over
,iG 600 shares were voted The following directors
were elected: Dr. Norvin Green Thon"s l. f-ohe',,
John T. Terry, John Van Horne. Jay Gonu' hnSsen
sage Alonzo f.. Cornell, sunuel s!oah, Nort' "
clowry George J. Could Edwin Goud. John g. Moore,
Henry Weaver Percy Il. Iyne, Chnrles AneF' AuSlih
Corbin j. Pierpont Morgan, Frederick L. Ames' john
Hay william d. Bishop c. =. Huntington, George d.
Rol erts sidney shepard, Eras'us Wiman, Charles r.
MAYER Clauncey VI. Depew, James W. Cehdemh
Henry NJ Flaglcr, Henry Il. Hyde, W. Murray Nrhne
Mr. HYDE and Mr.. Crane are the only ne" mefhufrS
Of the board. They take the PAGES of sidney Union
and (yruS W. FELL. who died since the last annual
,,..tiro The following were elected inspectors OF
election: George H. FrirUns. Francs 4. burkc ana
Cicorgr i. Pagan.
President NOryin Green made his annual report,
showing thnt the capital Of le company outstanding
WAS S-0l94, sj2 O6, Of which $234Oo 10 belongs TO
the company The bombed debt, less the balance oi
sinking fund tiOn- not rs is Slf,olOO29 e3
During the year LOO pound, sterling bonds, Que
Murch l. 1900 and - 900 building bonds, due Mny
l. 1907 were redeemed aud So COO OF collateral 'rs
bonds, due IanulTy /, 1852, were issued In exchange
for A spondng amount Of capi'a stock OK the
Ncw.Yo,l, Mutual international ocean aud Cod ana
stock Telegraph companies. The business OIL 'ne Se"r
was summed mp follows: 49,.
SurIiu, July |. 1891 a.
Pllhi- .~.-......-...'.- ---
ssol6-oS 81
rto@ ,y WHEN there wa 'pp4.i;Sd i5s.o,, 50
ior mtc,-' Oh bonds ......... e. @$= ~ 10
10 snAingf.ud, app OPP aton' 1888 90
5.oi0lGl "
DoGuct.nq which leave, - ,- =,
he cNlr,n-c- Of the y'ar ,lo3O7ej 10
Thi- cNhiblt,,' said Dr. Green, AN Increase IN
cro, revenue. the lat previous year Of t072-
o. 10. aud reduction In gross expenses OF rl2o,'
--f7i. Bu the latter item Is somewhat misleading
Sine. there was reduction In the cost Of repairs OF
,h. Gulf and Atlantic cables. below that u the pre-
Won. y,ar Of about $3.50 900. leaving increase OF
EXERCISES for the maintenance AMI operation Of
land lines and inland cables u about 100000,
being nl'ui 90 L. per cent Of the increased earnings
4 ,,. land lines I'm the transmission Of messages.
The Increase IA current expenses consists OF IN
ncren e In he taxes paid In all the states OF about
So 900 and almost the entire remainder, about
$4,000 In salaries paid chiefly 10 clerks ana
,p,r,,ol wages to nncmen and less skilled hborers.
and unymcnis for messenger service IN" total
amount u the salaries paid Is nearly ten millions
Of dollars about per cent. Of the entire expenses
The earnings for the transmission OF messages were
40 ot54.3 as against s2O7O4 go - the previous
yenr The revenue derived for service over land
lines WI, $1,000 $40 -, an increase In a year Of
sti-.3OO 81. The expenses OF the laid hheS were
an $40 .Gi - nm increase Of sl45.202 81. The
average tolls 3.G cents per message "S against
I..5 the previous year and the average cost was
ID ~ against Oh. IN" i"h""ihe '"O''s '"'" w"
asset, and liabilities: