The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1892-04-28
THE RAILROADS.
The Origin of the Present Fight Against
Chicago Soalpers,

CHICAGO. April 27.-It turns out that the
worlds fair management had quite AS
much to 60 in bringing about the present
movement against the ticket scaIpers as
did the railroads. The officials of the ex-
| position were given to understand that
| the existence of the scalpers in Chicago
was so demoralizing in its effect that the
| roads would not dare to make as low rates
| for the fair as they otherwise might.
With these barnacles out of the way the
general passenger agents say that they
| can fix rates without making allowance
for being robbed of half their revenue on
! one-way business through the manlpula-
tion of excursion tickets in the hands OF
the brokers. AS the exposition managers
are interested in securing as low rates as
possible. they have undertaken TO drive
the scalpers out OF Chicago by bringing
the law to bear upon them.
A number of railroad passenger officials
were examined by the grand jury today.
Each one was asked whether any of the
brokers under investigation was authorized
by him to sell mis- tickets. a negative reply
was given in every case, and the witness
was dismissed without further question
ing. Under the law no one can offer rail
vay tickets for sale without certificate
of authority from the company issuing
such tickets.
THE UNION PACIFIC MEETING.
BosToN. April 27.-The annual report of
the Union Pacific company, submitted to
the stockholders at the annual meeting
today, shows for the year 1891, gross earn
ings of s19, ,6S7, 1885, as against $50, AZ, POS IN
1890 The surplus earnings were sf,S4b,-
45l, against S7,274, 559 the previous year.
The receipts from other sources made the
total income S19, 442 52l. Deducting the
total charges. a balance of l,9lO, 39O Is
show an increase of SIS 69S over last year
The annual meeting of the stockholders
of the Union Pacific railway was opened
at 10 o'clock a. m. The stockholders pro
ceeded to ballot for directors almost lmme-
diately. At o'clock this evening the re-
suit of the balloting was announced The
following were elected: Frederick
L. Ames of Boston, Edwin F, Arkin of
Boston. Samuel Carr of Boston, Henry M.
Cook of New York, +. Gordon Dexter OF
Boston, Sidney Dillon of New York, q: NJ.
Dodge Of Council Bluffs, Marvin Hughltt
of Chicago, Henry Bird of New York,
James Sharpe of Salt Lake City, Gardiner
Lane of Boston. Jay Gould of New York,
and Russell Sage of New York. Jay
Gould received the smallest number of
votes cast-235. 424. Russell Sage came
next, with 244, zoe.
S. II. Fl. Clark, general manager OF the
Union Pacific, was onsthe directors ticket,
buJ was Q6l6AIeu DN VI thO
opposition ticket He will probably be
placed on the board by the other directors,
and may possibly be elected president.
The foreign ticket appears to have been
defeated by 10000 votes, as this Is the
amount Russell Sage received over Charles
c. Jackson The election was decided IN
favor of Gould by the proxy of Borthwick,
Wark & Co. of London, for about 26,0OO
shares. This house had given its proxy at
first to Boissevain, but later turned the
votes over to Gould, thus turning the cleo
tion and retaining the Missouri Pacific
officers in the management of the Union
Pacific.
The directors subsequently met at the
Equitable building for organization:
Samuel r. Carr resigned as director, and
S. H. H. Clark was chosen to fill the va
cancy. Sidney Dillon declined re-
election to the presidency, and Mr. Clark
was elected in his place, Mr.. Dillon beng
elected chairman of the board, position
created for him. Edwin +. Atkins was
made vice president, to succeed Mr.. Clark,
aud the latter was made member of the
executive committee, in the place OF
Russell Sage.