, 1892-04-27
THE UNION PACIFIC
Meeting Of the Stockholders in
the City Of Boston.

A Euii and Complete Account OF
the Finances OF the Great Corr
poratiOn---A Decrease 1n the
Amount Of NEUTRALITY-SUSPICIOUS.
BosroN, Mass, April 27.-The annual
report of the Union Pacific was submitted
to the stockholders at the annual meeting
today. It shows for the year 1891, gross
earnings $19,687OoO; against $40, ABS, 900 in
1890. Surplus earnings $7,846 900; against
81, ,28J 900 the previous year. The proceeds
from other sources make total income of
sic, $4,000, deducting total charges, balance
81, 1900 an increase of $4,000 over last
year.
The gross floating debt was decreased
$14,6 800, 600 and was, at the close of the year,
balance in current assets $11, ,188, 900 against
a net floating debt at the close of the pre-
ceeding year of 1854, 900; this is equiva-
lent to a decrease in a net floating debt or
increase in current assets Of SIS, ,063, 900.
The auxiliary lines show gross earnings
$23, oil, 900; against $22,6I1 900 in 1890, and
surplus earnings SIS 1893, 900; against 81, $685.
900 the previous year.
The following statement shows the result
Of the operation of the entire system,
$3.50 miles Of railway, including results
from operations of the steamers Of
the Oregon Railway and Navigation
Company; earnings $44,006,OOO, de-
crease $751; ,000 expenses $28, ,68O,000, de-
crease 81, 1856, 900, Taxes $ $50, 900, increase
$4,000; surplus earnings $13, 745, 900: in
crease 81 406, 900; total increase $15,34O,OO.
Earnings from the passenger traffic show
decrease of $685., 900, or over nine per cent.
This large decrease is accounted for locally
by the business depression resulting from
the crop failure lie $780, in the territory be-
tween the Missouri river and the Rocky
mountains, and generally by the falling off
of excursion and tourist travel. The total
funded debt is $527, 900, $528, 900; the total
amount of cash receipts in all is, land de-
partments $527, 900, gross land sales $l38, 900
net land sales after cancellation, 81, ,951 and
the company had by cancellation made
net increase ON its land of 2, 400 acres.
The number ofstockholders appear to be
reduced. There were 1854, two years ago,
1890 a year since and 4,615 at the close of
1891. The amount realized from the sales
of lands of the Oregon Short Line, Utah
Norhern, Denver & Gulf, Omaha & Repub-
lican Valley and Oregon Rail
way and Navigation Company,
aggregating seven hundred sixty thousand,
expended in the payment for construction
ment, construction of terminals at Omaha
and Denver, and purchase of the Oregon
Railway q Navigation stock and bonds
The annual meeting of the stockholders
of the Onion Pacific opened this morning.
The investments during the year by the
irectors and the acts Of the directors were
approved. Also the Drexel-Mo organ inden-
ture of last year, under which three year
six per cent notes were placed, and the
Kansas Pacific trust indenture of five mil
lion in bonds which wentin under same.
The meeting then took recess pending
the disposition of the ballots for directors,
the polls to close at 1870. In the listed
directors represented on the foreign ticket.
not appear. Boisseviau having been COM
nlitted to the shareholders, whose proxies
he held, to vote for directors who
represent Union Pacific shareholders, and
have no interest in the Missouri Pacific,
which is considered a competing line.
Samuel Carr and Charles c.. Jackson, whose
names appear on the ticket, will, if elected,
resign in favor of r, s.. Hayes and Frank
B. Tappin, and President Gallatin of the
National Bank of New York. The regular
board ticket also includes the name of Carr
who is to resign in favor of Hayes.
AS near as can be ascertained, 480, 900
shares were voted, of these 245, 900 were
cast by Geo. Gould in the interest of his
father and Sage. Fred L. Ames, of Bos-
ton, is reported scratched on the regular
ticket for Gardner M. Lane, of Boston,
whose name appears on the opposition
ticket; this practically comedies victory
for Lane, and the general opinion seems to
be that the regular ticket will be elected
with the sacrifice of some western men for
Lane