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Show THE .MON rAl'IFlC Tho Aunnr.l Import Issnnil Todny It il Lather Unfavorable, a Wai Ex peda l. DEFICIT AMOUNTS TO C275.C03 The MilM.tr of tin System Brought ti? to 8j75 EanauTS and Exposes A Kailway Civil Semes. Boston-, April 50. The Union Taclfio issued its annual report today. It ii j unfavorable, as was expected, the deficit de-ficit for the whole system being $,'75,-O'.H). $,'75,-O'.H). This loss, Uresldeut Dillon says, is due to the large increase in the operating oper-ating expenses and is in part accounted for by the fact that a larger amount of freight was moved tit lower rates in ISMi than in IS'-;). The mileage of tho Union Tacifio system sys-tem ws increased January 1, lH'iO, by the addition of a number of lines, bringing it up to HOT"). On this tb gross earnings wers JII.IWS.OO'J; an increase in-crease of $!,.V,C,OiiO; cot earnings, $15,-3.T.UHM); $15,-3.T.UHM); a decrease of Sl."4s,0()(). The total income was jl3,U0,OO0; a deereasn of i'.ai.OOO. The total expenditures expendi-tures were 13,ULk;,U00. an increase of During tho past year f. '100, 000 of Kansas l acilic consolidated bonds and r,.riKl,0iH) of Union Pacific sinking fund rights were paid for from the procoeds of the land sales, leaving outstanding i(l,.il)U.0OJ sinking fund rights at the close of the year. The proceeds of tho land sales subject to this mortgage will be BtiflicicDt eventually to retire ail tho bonds and leave a surplus to tho company com-pany of j;i,2!50,OOO. The net decrease in tho Union Pacilio company's funded debt for tho year was Jrs.U'j.OOO. The balance to tho credit of the income account ac-count December!!!, IS; 0, wasJ!t.4T4,()0o, against $7,714,000 tho previous year. 1 he net floating debt is fo.ST.i.OOO, an increase of $ ,Ub5,0U'J over the year before. be-fore. u. r. sror Knouinns meet. At the Union Pacilio stockholders' meeting today it was voted to approvo the company's acquisition of jil3.2."i0,()0l) Union Pacific, Denver and Guif railroad rail-road company stock; $7,lS(),01i) consolidated consol-idated mortgage bonds of this coin-p:itiy;$3,50.'i.iHt() coin-p:itiy;$3,50.'i.iHt() Oregon Short Lino and Utah and Northern 5 per cent bonds and collateral trust bonds of the same company for 1 1,7.YJ.0) ), and minor securities. se-curities. The stockholders tht n voted lo approved all the directors acts, and annul and declare ultra vires tho famous fa-mous Buck Island and yt. Paul bridge contract with the Union Pacilio, which it was declared never had been submitted sub-mitted to the board of directors of the company or to the guveiiiiauui il.i'cc-' tors. Guarantee of $13,000,010 Oregon Short Line and Utah Northern 5 per cent hoods was approved. It wa? voted lo authorize the directors to make use of the treasury assets for collateral, trust bonds to pay the company's debts etc. The only change in tho Union TarRc board was tho election of S. 11. II. Clark in place of Holeomb whom ho succeeded as general manager. President Dillon eays; "The collateral collat-eral trust mortgage; is not in shape ye and nothing cau be said about it." Another Union Pacific director says: "The bond plan Ins not been matured. We simply ask authority so the board could act during tho year if necessary. Could has not promised to take any of thn bonds. The mortgage will probably bo for $2.1,000,000 and a general mortgage mort-gage on the main line, aud a particular mortgage upon our good treasury bonds." KAILVVAY CIVIL SERVICE. . New Yokk, April 20. The New Yorle Central management has decided oo civil service reform among its employees. em-ployees. Examination will soon bs held of the men connected with the op-erating op-erating and motor department. Em gineers, firemen, conductors and trainmen train-men are included among those who will have lo stand the examination. The questions will be on technical running of trains, signals and operating trains, equipment, etc. The company hopes by this course to secure an intelligent, capable and careful lot of men. A C. B. Q. DKCKEASK. CttifAi.o, Apail 29. The Burlington & (Juincy railroad and tho lines in its control for March last, compared with the corresponding month of last year hows net earnings of $tl0,0ui); a do-&aii do-&aii of f3,0i)U'. |