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Show oo SURPLUS DIVISION TO CUT DIVIDENDS New York. Oct 10 Robert S. ' i ovett. chairman of the board of dl- ' rectors of the Union Pacific railroad. L made li plain today that if at any time the directors saw fit to distrl- j bute all or part of the 590.000. 000 Burplus now on hand, such dlstrlbu-Hon dlstrlbu-Hon would be accompanied by a cut In the company s regular dividend. "The Union Pacific directors," he i.uid. ' at no time contemplated a distribution dis-tribution of assets either in cash or securities without a corresponding reduction in the regular dividend." |