The herald., 1898-02-01
The u. P. ReCeivership
Came to an End
ONLY TWO CHANGES ARE MADE
IN THE FAMILIAR LIST OF THE
OFFICERS /
Enormous Dealings in Railroad Sc
curities During December-Pecos
Valley Extension
associated Press Special Wire

Associated Press Special Wire
OMAHA, Neb., Jan. 31.-On and after
midnight of January 81, 1898, according
to the circular issued by the receivers
of the Union Pacific, the receivership
terminates. In a formal notice to all
employees that the receivers have turned
the property over to the new company,
according to circular issued by Presi-
dent Burt under date of February /, the
official roster of the new company Is
given out. Only two changes are made
in the list of names which have been ia
milar to all having dealings with the
overland route during the time since s.
III. II. Clarke succeeded Charles Francis
Adams as president.
Edward Dickinson remains general
manager despite the many rumors of
his intended withdrawal.
John A. Munroe, freight traffic man
ager; Edward l.. Lomax, general pas
senger agent: John b. Berry. chief en-
sineer to succeed George H. Pegram,
resigned). and John w. Griffith, par-
chasing agent are the appointees.
General Manager Dickinson announces
as the head of his official staff e. Buck
ingham. superintendent of transporta-
ton. He has heretofore been superir-
tendent of car service only. All other
superintendents and chiefs of depart
ments are retained until further notice.
| There are many ,rumors OF impending
| changes, but investigation shows that
so far the dismissal of score of clerks
from the several departments of head
quarters is the only outward sign of re-
trenchment.
THE PAPERS FILED
COUNCIL BLUFFS, Iowa. Jan. 81
Today there We're offered for record in
the Office of the Pottawattomie county
register of deeds the instruments cover
ing the title of the Union Pacific road to
its new owners. The first deed conveys
the government interest, the consider
alton being $50, 361 ,435. This makes tht
total cost of the road to the new compa-
ny $1O4 165, ,997 So
Along with the deeds gold mortgage
bearing per cent interest, for $100, 600 00l
in favor of the Mercantile Trust com
pany of New York was filed
SALE OF BONDS
| NEW YORK, Jan. 31.-More than 800.
900, 900 of government, state and railroad
bonds have been sold during this month
compared with S,13S, 900 for the SAM
month last year. This is the highes
monthly record in history. There wal
much investment in the bonds of the re
organized railroads, such as Union Pa
cific, Atchison, Northern Pacific, st
Louis and San Francisco, Kansas Pacific
| consols and Erie. There was also mucf
speculation in the bonds, notably II
Union Pacific certificates. This specula
tion of course affects the character of thu
aggregate bond transactions.
ROAD EXTENSION
SANTA FEE, n. NJ, Jan. 31.--A specia
from New York to the New Mexican say.
j. j. Hagerman of Colorado Springs ant
E. o. Faulkner, receiver of the Peco
Valley railroad, have succeeded in Sc
curing 50 SOC. 900 for the extension of tn
Pecos Valley road from Roswell, N. NJ.
to Washburn, Texas, where it will con
meet with the SantaFe system and Unioi
Pacific, Denver and Gulf The exten
sion will be 2l5 miles in length.