| Show = UNION PACIFIC The Dividend Passed Sidnej Dillon Dil-lon Retires and Charles Francis Adams Elected Elec-ted President New York lBAt tbe meeting of the Union Pacific director DIN and Ion resigned as president Charles Francs Adams accepted the position It was voted that in lieu of the dividend payable on June lift the sum of S7l6tSl4 be raid from monies in the companys treasury treas-ury to the United States to meet the demands of the Secretary of the Treasury for payments under the I Thurmau act for the year ending I December 31st Washington ISTbe Secretary of the Interior received the following c follow-ing communication from the chairman chair-man of the Senate judiciary committee com-mittee June 17th SirIn regard to the matters between be-tween the United States and Union Pacific Railroad company arising under the act of 1S78 and which the committee on judiciary of the Senate has had for some time under consideration I have the honor to inform you that the committee has this day adopted the following resolution reso-lution ResolvEd That this committee will postpone until the first Monday of December 1884 further consideration consider-ation of the matters arising under the act of May 7th 1878 relating to the Union Pacific Baiiway Co etc If said company shall immediately carry out the offer of Mr Adama as stated in his communication dated June 1881 addressed to Hon Geo F Hoar and on the expiess understanding under-standing that this action of the company and the united states in receiving money and eecurity in said communication mentioned shaH have no effect on any penalty or forfeiture or other right of the United States incurred or arising or to occur or arise against said company com-pany or any of its officers but that all rights penalties and forfeitures shall stand as if thee acts had not been done Which I send for your Information together with a copy of the communication com-munication of Mr Adams to Mr Hoar referred to in the resolution Respectfully signed GEO EDMUNDS Chairman of the Committee Tho main points of Adams composition com-position are that the railway company I com-pany shall immediately pay to the r United Stales treasury 718000 the amount claimed by government under un-der the Thurman act for 83 that all earnings for government ranspor tation shall be retained by government govern-ment and that no dividends shall be paid during the current year All matters in dirpuie are left for a judication |
