Show FOUR OFFICIALS VOTE J TWO HUNDRED MilliONS Enormous l Railroad Transaction Quietly Consummated mated fri n This mis This City C ty Union Pacific Capitalization Ca Increased 1 yv hd Bond Bon Issue of Same ame Amount Authorized Four F ur gen euen In chairs around a pine table yesterday afternoon Consummated a with as US little noise and ana ex cx excitement excitement as though the business in inV V r d nothing more than the tb e purchase of half halt 9 dozen doz n cigars When the quai quartette quartette broke up u into its ith component parts palts the common stock of the th Union Pacific railroad had been increased by and a bonti issue i ue for a like amount at 4 per p r cent had been author authorized The meeting was vas held In the rear room of oC the Union which was ws formerly occupied pIed by H M Clay agent t of bi the passenger de do department Horace G 0 Burt president rit tr th Union Pacific was in the chair and Alexander ALxander Millar of New York wan wall secretary Out of the shares hares of ff Union Pacific stock outstanding outstanding ing were represented by W R It k Kelly eUy of ot Omaha Lawrence Greer of ot New N w York President Pr Burt arid ami 11 The meeting was Va purely formal C throughout T all intents and pur posas It lasted about fifteen minutes s but the bylaw of ot the company re require quire that at any stockholders meeting the polls volts for the voting of ot stock must be J open at least two hours This law was Complied with to the letter The Tie four present voted for f r the in increase increase crease of capital stock and the issue of ef bonds bonda already alread referred to and then they sat around nr und and smoked and talked until the tw hours were I up At Judge Jud e Kelly Kelty Mr MI Greer and Dan S Spencer sauntered down dow to the Joint building and tiled filed the amend amended ed td articles of Incorporation with Sec See Secretary Secretary of ot State Hammond With the articles they thay deposited a check for 26 the biggest fee this ste has hus I ever for any purpose Union Capitalization I Il 4 I The l he money y to be b from Ute the saie aie or of stock and bonds Involved in tn yesterdays e transaction will be e used ud u d in paying for tor the Southern Pacific stock which as 8 recently acquired by the Harriman Karriman syndicate The new Issue makes the Union Pacific carry the heaviest capitalization of f any railroad I I on earth In fact it is probable that there are not a n dozen de zen corporations in existence that have stock to the amount of or as has ha this company The increase is not accomplished in ina Ina ina a single bound The Southern Pacific stockholders have until 1906 to trade their stock for the new issue or accept cash ash in lieu thereof at market rates So it will wIlt be seen s en that there Is plenty of time in which to accomplish the purpose for which the deal is intended I Secretary Millar laughingly said yes yesterday yesterday yesterday afternoon that it looked like a aI case of or the tail tan wagging the dog for forthe ro rothe forthe I the Union Pacific to acquire the South Southern ern era Pacific the latter being much the I longer road But you ou wait walt and see how that tall tail will wag the dog he added and from his tone it was ap apparent I parent that the secretary an anticipate anticipate Uc anything but good results from the new combination Mr irr Millar gave out another interest interesting Interesting ing bit of or information yesterday He stated that of or all the stock in the Short Line LIna the Union Pacific now held every I share except seventy An increase of i was made in the capital capItalI stock of the Union Pacific some time I ago for the purpose of making this pur purchase purchase purchase chase and how nearly It has been brought abut about is shown by Mr Mil MU Mili i lars Jars statement nt I He also said that the purchase of the I Oregon Railroad Navigation com corn company company pany was practically complete all but buta butU a U few hundred shares of or he the stock of that corporation having haing been baen turned I in to the th Union Pacific people To Mr Millar the outlook for the road he Is interested ested in seems veny vy bright I He believes that the great gre company I will vili prosper during the ear or two as never before in its Ji and that the country through w h It runs will witt prosper with it j t Those resent at the meeting yester yesterday yesterday day d in addition to the men who did the voting were Judge Le Grand Young Auditor Hills and Dan S Spen Spencer Spencer Spencer assistant general passenger agent of or the Short Line The visitors went east last night in President Burts private priVat car They will wUl go direct to New York where they will report their doings here to the directors o the company compan |