The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-09-08
Elected Chairman of O. R. & N. Elk
ecutive Board.
AT HEAD OF THREE BOARDS
UNION PACIFIC, SHORT LINE
AND o. r. & N.
Judge Cornish and Winslow Pierce
Also Elected o. R. & N. Directors
Road Will Retain Its Autonomy,
But Will Have Closer Relation
With Short Line and q. P.

Portland, Ore, Sept. THE annua
meeting of the stockholders of tn
! Oregon Railroad & Navigation com
pany was held in this city this after
noon. The following board of director
| was elected:
| E. H. Hartman, E. H. Bull, H. w
Cannon, A. L. Mohler, H. W. Corbett
II. w. Scott, Miles C. Moore, w. NJ
Laid, w. B. Aver, A. L. Mills, Morti
mer L. Schiff, Winslow S. Pierce ant
w. d. Cornish.
The only changes in the board wer,
the substitution of Schiff, Pierce ant
Cornish for c. S. Mellen, D. S. Lamon-
and Samuel Carr, who represented the
interests of the Northern Pacific in the
directorate
Mr.. Schiff is a son of Jacob Schiff Of
New York, Mr.. Pierce is general coun-
sci for the Union Pacific, and Mr.. Cor
nish is president of the Oregon Short
Line and vice president of the Union
Pacific. E. H. Hartman was elected
chairman of the board Of directors.
President Mohler Reelected.
Officers of the company elected by
the board of directors were:
A. L. Mohler, president; w. w. Cot
ton, secretary; E. S. Benson, general
auditor; G. E. Wilmington, assistant
treasurer; Charles G. Beaman, counsel
and w. w. Cotton, general attorney.
A new executive board was chosen
composed of Messrs. Hartman, Cor
nish, Pierce, Schiff, Bull and Cannon.
r.. H. Hartman is now chairman OF
the board of directors of the Union
Pacific, Oregon Short Line and Oregon
Railroad & Navigation company.
Will Retain It's Autonomy.
It is stated that, while the Oregon
Railroad & Navigation company will
retain it's autonomy, closer traffic ar
engagements will be effected between
the three companies.
The election today gives assurance
that there will be no changes in the
lgatlon company, at least until the
next election, a year from now.
The fact that the Northern Pacific is
not represented on the new board is nc
surprise in railroad circles, as it was
announced some time ago that the road
had sold it's Oregon Railroad & Nav
igation stock. Just what effect this
may have upon future agreements be-
tween the Northern Pacific and Union
Pacific is matter for speculation.
Annual Statement.
The annual statement of the Oregon
Railroad & Navigation company is as
follows:
Total earnings for the year ending
June 80, 1899. 81, 005, 1886, against $685.
S93.29 for the previous year.
Total operating expenses, 4,2S8, 272.6S,
against 81, LOG, 060.36 for 1898.
Net earnings, s2,717, 70697, against
So, 7S9, 1928 in 1898.
After deducting all charges, a sur
plus of $1,212, S26.76 remains, against
$685., S45.40 in 1898.
During the year dividends on the pre-
ferred stock amounted to $4,000.
During 1898 dividends amounting to
$550,000 on the preferred stock and
$4,000 on common stock were de-
clared.
Mohler Will Remain.
Regarding the statement that Presi-
dent A. L. Mohler of the Oregon Rail
road & Navigation company would soon
retire to accept the presidency of the
big Four" w. D. Cornish today said:
"Mr. Mohler, whose management, l
understand, has been highly satisfac-
tory to the stockholders, will no doubt
remain just where he is. He is highly
capable, understands the conditions OF
his territory and the needs thereof,
and it would be hard to find man
who would manage the road better
than he. My prediction is he will re-
main president of the road"