The morning call., 1893-10-15
CROCkER ELECTED
President of the Street.
car Company.
Annual Report of the Southern Pa
cific-Traffic Association Meet.
ing-Union Pacific Troubles.

The board of directors for the new con-
soidated streetcar companies held its first
meeting Yesterday, and elected the follow
ing officers: President. Charles F. Crocker; !;
first vice-president. FL. E. Huntington; :;
second vice-president M. d. Stein; treas
urer. n. T. Smith; secretary, j. l.. Will
cutt.
The spur track having been completed
into the Midwinter Fair grounds in Golden
Gate Park. San Francisco. new station,
called Midwinter, has been established at
the terminus In the park. In addition to
Mdwinter station, two others have been
esta blished-Park and Ocean junction and
Palm City junction. No agent will be ap-
pointed at any station at present. The
stations are as follows: San Francisco,
Spring Valley, Lakmer junction. Park and
Ocean junction. Palm City junction. Mid
winter.
In accordance with the constitution and
by-la w., the annual meeting of the Traffic
AssOci alton of California will be held in
the rooms of the San Francisco Chamber
Of Commerce on Wednesday. October %,
1893. at 2 o'clock p. NJ. Business of i'm
portaDce will be presented, the past work
of the association reviewed, and sugges-
General Superinten Mt Fillmore of the
Southern Pacific tells of one of the "army
OF unem ployed" who are at present said
to be bound for this coast from various
sections of the country who was pretty
we'll fixed financially, although found by
the train conductor while ontentedly sit
ting upon one Of the trucks OF the super
inteDdents private car. When discovered
the man went into the railroad Office and
bought ticket, at the same time display
ing $500 IN good coin of the realm.
The report Of tho Southern Pacific Rail-
way Company for the eighteen months
ending June 30. 1893. has just been filed
with the state Board of Railway Commits
siOners. 1t shows at the date of the last
election there were 119 stockholders and
1887 miles of road operated by the Pacific
system. No dividends were declared dur
ing the year. OF the capital stock of
S150.000.000 the total amount issued and
outstanding to date was 119,047, ,170. The
funded debt is s., ,929, 900 and the balance
of floating debt 81, 09S. .344 81.
In the construction department there
was expended during the year S46l, ,232 %
and In the equipment department. ST.
215 80. The gross earnings from operating
the Pacific system were So, 200, ,261 81 and
the operating expenses $50. 543. 900 IS.
Over 126 miles Of new road were con-
structed. The general officers of the COM
pany number seventy-nine, and they draw
in salaries yearly the sum of $685.. .682 76,
or on an average little less than $1,000
each.
Speaking about the troubles OF the Union
Pacific road and the causes which led to
the appointment OF q receiver Friday, j.
S. Leeds, manager OF the Traffic Associa-
tion. said yesterday that the In Interruption Of
silver mining and consequent closing of
mines and indirect effect on other busi-
ness was probably one cause. while the
tranScontinentaI rate war which has been
waged for several months past had, with
out doubt. affected its earning capacity,
and these two things. coupled with the
troubles of three years ago, had proven a
heavier burden than the road could sustain.