The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-04-28
UNION PACIFIC ELECTION.
By a Very Small Majority the Gould
Interest Carries the
Day.
Said to Have Been Accomplished
by Misuse OF a London
Proxy.
S. II, H. Clark Elected President, vice Sid
ney Dillon, Who Declined Rel
tion-Business of the Year.

BosroN, April 27.-The annual meeting of
stockholders of the Union Pacific opened
this morning. The investments during the
yenr by the directors, n the acts of tho
directors. were approved. Also the Drexel-
Morgan debenture of last year, under which
three-year six per cent notes were placed,
and the Kansas Pacific trust debenture OF
five million bonds of which vent in under
the same. The meeting then took a recess
pending the deposition of ballots for direc-
tors. In the list of directors represented
on the foreign ticket the names Of Gould.
Sage and Clark did not appear, Boissevain
having been committed to the shareholders
whose proxies he held to vote for directors
who represented Union Pacific shareholders
and have no interestin the Missouri Pacific,
which il considered q competing line.
Samuel Carr and Chns. G. Jackson, whose
names appeared on the ticket, would, if
elected, resign in favor of II. S. Hayes and
frank d. Tappin, president of the Gallatin
National bank of New York. The regular
hoard ticket also included the name of
Carr, who was to resign in favor of Hayes.
AB near as can be asoertained $50. 900 shares
were voted. Of these 2i5, 900 were cast by
George Gould in the interest of his father
and Sage. The result of the bailoting,
which was not announced until this even
ing, was the election OF the following
directors: Frederick l.. Ames, Edwin f.
Atkins, Samuel Carr, Henry Fl. Cook. Il.
Gordon Dexter, Sidney Dillon. Granville
NJ. Dodge, Marvin Hughitt, Henry 3.
Hyde. Joseph Fl. Willard, Alexander E.
Orr, James Sharp, Gardiner Nj. Lane, jaw
Gould and Russell Sage. The meeting then
adjourned. S. II. II. Clark, of Omaha,
on the directors ticket. but was defented
by Gardiner M. Lane, from the opposition
ticket, but was placed on the board by the
other directors. The foreign ticket an
years to have been defeated by 10000 votes.
The election was decided in favor of Gould
by the proxy of Borthwick. Wark IL Co., of
London, for about 10000 shares. This
house had given q proxy to Boissevain, but
later to l.. d y. Wormser. their New York
| correspondents, which. 1t is said, they re-
queatod should not be made III favor of
Gould. The Wornlsers. however, turned
the votes to Gonla, thus turning the cleo
ton and retaining the Missouri Pacific
officials IN the management OF tho Union
Pacific. =-S1T =~zS5
At the director's meeting subsequently
Samuel II. Carr resigned ma director and =.
h II. II. Clark, OF Omaha, was chosen to III
the vacancy. Sidney Dillon declined ~re-elec-
/ ton to the presidency. and MIR. CLARK WINS
elected in his place, Mr.. Dillon being
elected chairman Of the board, IL position
cseated for him. Edwin L. Atkins was
made vice president. to succeed MIR. CLARK,
and tho latter made a member of the exoou-
tive committee in place of Russell sage.
Comptroller Oliver w. Minky, Treasurer
Jamea q. Harris, and oil other officers wero
retired.
The annual report was submitted to tho