OCR Text |
Show The Omaha lieo says, tho recent spasm of economy inaugurated with such a llourish of trumpets ou the Union Pacific has not panned out to any profitable extent. The July statement state-ment of tho company shows an incrcaso in net earnings of eleven thousand dollars dol-lars for seven months of the year, compared com-pared with the same period of 1880. The report for the first four months of the year showed net earnings largely in excess ex-cess of this amount. While a portion of tho reduction may properly bo charged to midsummer dullness,, it is nevertheless neverthe-less true that the recent so-called re-organization outailed a vast amount of confusion and expense, without any corresponding benelit. Two months' experience serves to show tho folly of scattering authority and dividing tho directing forces of the company. Unity and concentration are essential to the successful management of a great property. pro-perty. Division moans disorganization and loss a fact forcibly illustrated in the llmtncial returns of tho company. |