The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-10-01
IN RAILROAD CIRCLES
A Rumor That F. B. Clarke of the
@. N. Will Resign.
A POSITION FOR D. MILLER
II Is Said That He Is TO Become
Vice President and FRAN Manager
for the Entire Great Northern
Railway System.

A rumor with a good foundation, IL
is claimed. reached Butte yesterday to
the effect that Francis d. Clarke, gen.
eral traffic manager OF the Great
Northern railroad. will sever his con-
nection with that company to take a
position with the Lake Shore under
President Newman. There are also
rumors that President Hill has ten
dered to ID. Miller. at present vice presi-
dent and traffic of the Mis-
souri,. Kansas a. Texas. the position of
vice president n traffic manager of
the entire Great Northern system, in
Guiding sole direction of the company's
steamship business, as well as its rail-
road business. No official statement
has yet been made. but in traffic circles
the general impression is that Mr.. Mil
Ter will accept Presidents Hills offer.
Mr.. Miller has been in charge of the
traffic affairs of the Missouri, Kansas
& Texas railroad since May Il. 1893.
Prior thereto he was traffic manager
of the Queen a Crescent, and at one
time was general freight agent Of the
Cotton Belt and the Little Rock &
Memphis.
-
No class Of roads is sharing in a
more prominent degree in the renewed
prosperity of carrying interests than
the Pacific roads. and particularly
those lying to the north. The new
Union Pacific company has declared its
first dividend on its preferred stock.
The stock Is SIS, 900, 900. and the divi-
dend is to be IL per cent. calling for
sl.125, 900. Divorced from government
control. the property Is evidently doing
well. The dividend is on the basis OF
the operations for the six month end
ing June 30. 1898. a statement is sub
mitted showing that I'm these six
the company armed a surplus
above charges of 81. 1876, SIS. not includ-
ing the operations OF the branch lines
which are to form parts of the system
inc which IL Is estimated for the same
six months netted a surplus of SAG. 500.
The Pacific coast company, too (suc-
cessor to the Oregon Improvement COM
panyD, Is giving its stockholders tan
evidence of the Improvement
which. in common with other roads in
that part Of the country. IL is enjoying. |
The old Oregon Improvement company
seemed To present about as hopeless a
case as any with which railroad reor-
ganizers have had to deal. Yet the
marvellous Industrial revival on the
North Pacific coast has turned even
this property into n paying concern
again. The first dividend distribution
on the new securities was made last
July. and consisted of 5 per cent on the
second preferred stock. This is now
followed by n further dividend of 2 per
cent on the second preferred stock
Cmaking the full 4 per cent to which
tina stock is entitled, and a dividend
Of 1 per cent on the common stock.
The amounts of the various issues of
stock, II is proper to say, are small.
One Of the prettiest and most artistic
of the Omaha exhibition
is a book Of views issued by the Bur
lington route. The views are not
marred by advertising matter. Among
the pictures are the Burlington exhibit
i'm the agricultural building. a view of
opening day. the grand court, fine arts
building, the Colonnade. government
building. a midway fire, group OF state
buildings. mines n mining building,
Illinois building. streets OF all nations,
interior Of manufacturers building,
fountain of Nautilus. north midway.
Nebraska state building, United states
marine band, Kansas building. grand
at night. section Of fine arts
building. agricultural building and adj
ministration arch, horticultural build
ing. interior Of agricultural building
- .az.al,.,-- - ,l,VG ]