St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-10-14

| ment of the funded or bonded debt
| showed that on Dec. l, 1892. the COM
pany had outstanding bonds and notes
| for S97, $50, 735, of which sS5, 492, OBS was
| afioat, and this, the complaint sets
| forth. is about the present condition of
affairs, except that the subsidy lndebt-
| edneSs to the government is not includ-
ed in the amounts named. There is
coming due large balance Of interest
| on subsidy bonds, now about SIS. 000. 600
besides the principal. The liabilities
of the company, as shown April 20, in
Guiding capital stock and surplus, are
S245, 431, 041.92.
The details of Indebtedness are spe
officially stated, and the bill goes on TO
say: Your orators allege OH informa-
ton and belief that the defendant is in
debted for labor and material due and
unpaid OH the 1St day of October, 1898,
and amounting to the sum OF S1,500,0 900,
| or Whereabouts, on which, If not paid
for, the said company is liable to
INNUMERABLE SUITS,
attachments and Judgments. That the
gross earnings for the Union Pacific
system, from the operation thereof, and
from other property, for the business
year ending Dec. 81. 1892, amounted to
the sum of SAG, 573, 1888: that its oper-
ating and transportation expenses, rent
olo, luteI6Sl. SlllhlilS lulu, anu OtleI
charges paid during the year amounted
to s44, SOB, $3.50, leaving surplus for
said year of $1,000. 1864. Your orators
further state that. as appears from a
statement made by the financial ac-
counting officers of the said Union Pa
cltic Hallway company of the said Union
racine system, covering the operations
of said system for the eight months end
ing Aug. 81, 1898, there has Eeen a fall
Ing Off in the gross revenues of the said
system Tor the said eight months, as
compared with the same months of the
preceding year, of about 49, 154 200. and
falling off III the net revenues of said
system for the same eight months, as
compared with the same period of the
preceding year. of about the sum of
8, SIS, goo. The complainants make the
statement that the sinking fund charges
are matured OH outstanding bonds, and
will continue to be due, together with
interest, at the rate of about 81, 100000 a
month.
Your orators further aver that there
has been a further falling off in the
gross revenues of SAID system for the
month of September, 1895, in about the
sum of 81 500, 600 as compared with the
same month of last year.
Concluding. the bill alleges that the
defendant company is solvent and can
not, without the appointment of re-
ceiver as prayed for, avoid becoming
further involved.
DENVER, Col, Oct. 13.-The appoint
ment of receivers for the Union Pacific
railway today created considerable i'll
terest here, as it was entirely unex-
pected. The attorneys for the company,
MessrS. Teller, Orahood and Morgan,
refused to say word upon the subject,
and it was evident the action of the
Omaha court was as great surprise to
them as any one else.
EX-GOv. John Evans, who as holder
of $3.50, 600 of the stock of the Union Pa
clfic, Texas IL Gulf road, recently
brought suit against the Union Pacific
for an accounting and the appointment
of receiver, is at present in Chicago.
His attorney in this case, Judge Wells.
this afternoon said: The appointment
Of Messrs. Clark. Mink and Anderson
Will III no way complicate our case.
Our application was prior one to this,
and one to which Mr.. Ames was party
in suit. Judge Hallett, of the United
States court, can, when our case comes
up for hearing i'll December. go ahead
and appoint receiver without any ref
erence to those appointed today, and
ignore them entirely. This matter has
been decided by former decisions, but
whether or not we will demand such
action l cannot now saw