Show I I UNION PACifIC COo 1 TO A IT l Y Stockholders of great t System Vote Tr Treo Tre- Tre mendo Issue ssu for Inn eats in o s Improvements rOve AU A Dep High Officials ls of of goad Attend Here The following bullet bulletin n was as issued issued- ed t today day by officials of the Union Pacific i railroad in conference here to author authorize ize ize t an increase i i rease in in capi capital al l f Votes cast ast today in favor in-favor favor of resolutions au authorizing ho increase of o common common capital capit l stock stock-by y pre pre preferred f fe er red ed 6 v 22 7 common total total sh shares r s. s Tl This is m ove brings the c capitalization t of the Union Pa N Pacific f close to The pr present serit capitalization ca is Those f familiar with the st stock said today y that at the h increase in hi capital st stock ck is e y to cin cause cause s a n. slight bear nt but but- that U. U P. P will quickly rise t to th the top tOl On th the New York Yerk stock e exchange ch yeste yesterday 1 y U Union Pacific closed strong at 32 with shares shares' sold PERHAPS THE MOST IMPORT IMPORT- IMPORTANT ANT PERIOD IN THE HISTORY OF THE TIlE UNI UNION N PACIFIC RAILROAD RAILROAD TOOK PDA PLACE E Il m THIS CITY CITY TODAY AT A MEETING M ETING OF HIGHEST OFFICIALS OFFICIALS OFFICIALS THE SYSTEM STEPS WERE WERE TAKEN TO SO AMEND THE ARTICLES OP OF INCORPORATION OF THE UNION PACIFIC IN THIS TIllS STATE THAT AN INCREASE Of O 11 IN IN T THE C CAPITAL P. P TALt ST CK OF THE COMPANY COULD ABOUT FUNDS DERIVED FROM THE SALE OF or THIS TOOK STOCK WILL BE SO DISPOSED OF AS TO PERMIT fiT THE ISSUANCE OF TIm TILE SAME AMOUNT IN CONVERT CONVERTIBLE BLE BONDS THESE HESE BONDS WILL BE SO SO CONSTRUCTED CONSTRUCT CONSTRUCT- ED AS TO ALLOW tHEIR TRANSFER TRANS TRANS- FEE FER PER INTO THE SAME AMOUNT I IN ni STOCKS FOR FOE INSTANCE IF A BLOCK OF THE IS PURCHASED PUR PUE- CHASED BY O ONE ONI PARTY AND ID HE LATER LATEE DESIRES DESIRES- TO CHANGE HIS STOCK INTO BONDS THE LATTER LATTEE WILL BE HANDED HIM AT THE PREVAILING RATE FATE SO THAT THE PURCHASER HAS THE OPTION OF EITHER ITHER HOLDING HOLDING STOCKS STOCKS' OR OE BONDS FOE FOIL HIS MONEY I The voting was done by proxy 75 per per percent cent of the stock being represented immediately upon the ratification of the vote to increase the stock by by the the board loard of directors amended articles article articles of incorporation will be filed with Secretary Secretary Secre Secre- tary of State The fee to the Stat State will i be 25 OO 1 Several Several Officials Officials Herewith Here r-a r i it with with geast g east Importance and r ti tita ta l 4 tiu gs stockholders stockholders' tock all o e w orld orid I y vasi lt the conference be at noon noon noon in tie 0 fl fi p R R Rt Q ay y- y passenger Passenger passenger ger and ages age agent of the Union Pacific Pa a- a ct elfie c. c off the meeting meeting- etin were ore Judge W. W C. C Cornish Cornish of ot Omaha Omaha Omah ice vice president of ot the I Pacific and close S to E. E H. H Harrl- Harrl I I Wn Af St t it man mail Alexander Millar of t New York r City secretary of the Union Pacific and Southern Southen South South- r en ern em Pacific systems W. W H. H Bancroft of ot otI I this city president vine and general manI manager manof man man- ager of the Oregon Short Line Frederick I Knickerbocker private te secretary to Mr 11 Bancroft parley i 1 I- I Williams ge general ral counsel of the Oregon Short Line and j an official stenographer to Stockholders Bv By not net of f law all meetings I of the kind tI hold held t t today d must J. J i bs bo open to gs sf stockholders C I I or 01 proxies for tor or two hours after the hour hourI I Continued on Page 6 UNIon VUNION PACIFIC Continued from Page Pagel I of ot convening Th The conference today b began be began be- be gan at 1220 o'clock and continued until Every Everyone one not a stockholder er or holding a proxy was barred ban Those at the meeting represented thousands of shareholders all over the globe and had hado In their 3 r power the disposition of t o All Au over oyer th the world today thousands of men men and women are eagerly awaiting the news flashed from Salt take Lake City as asto asto asto to how that will be voted and as to how It will be expended There were rumors coming from New York City that a number of ot stockholders were opposed to Issuing worth Of ot bonds bond and that legal rn means ans were welO to be taken to prevent the Issuance This was later denied in New York by heads Of ot the Union Pacific and ani also in this city by local officials both of the Union Pa Pacific and of the Oregon Short Line Final linal Meeting Called Almost Almost a year ago the propos proposition Hi on to issue the Imm immense nse block of stock was presented directors of the Union Pacific In New York CIt City From time to time the matter was discussed in the papers of ot the country Recently a call went forth to hold a final meeting in this city at which a vote of the stockholders was to bp be taken to decide upon the issuing of ot the bonds S Another Important meeting wa was was held this morning in th the office of ot Pr sl- sl dent and General Manager Bancroft of ot the Short Line Lino at which the same officials officials daIs were present Matters hatters pertaining to improvements of ot the Short Lino and other Important details were discussed Improve Entire System 1 I The millions derived from front the sale of bf f the additional stock is to be devoted to improvements on th the Union Pacific These changes were long contemplated but the money necessary to bring them about was not at land hand and will will- not be until the sale salo of the tho worth of stock tock is consummated A sum so stupendous necessarily indicate indi cate that radical changes will m be made in the physical aspect of the Pa Pa- These improvements will take in all air departments of the system and will no doubt affect stock rolling roadbed terminals buildings and other otner property of the tho entire system To fill To-fill fill the places va vacated by C. C S. S Calvin and J. J C. C Shoemaker directors of the Ore Oregon on Short Line a a. a meeting was as held this morning by officials here herp today todar The result of the conference has not as all yet been made public |