| Show RAILROADS southern union are ilio of much discussion in strict minority stockholders the southern pacific hay objected to the policy of pacific anol of iho road and under tho leadership of jagica K keena is endeavoring to command a sufficient representation at the coining election to make its protests effective the kernc people claim lids been expended for recon bt ruction betterments and improvements on southern pacific but that alie operating expenses continue to bo from 10 to 15 per cent higher than on iny other road competing for transcontinental business they further set forth in a circular that vast sums are being expended on the central pacific out of southern funds to the detriment of the southern main line and ithac the stockholders will discover when too late that a most formidable rival has been built up with their own money the charges arc intended to affect the market and may have no further significance those familiar the southern pacific and union pacific manage luent since E 1 harriman secured control know the which these roads have been ard appreciate tho wonderful transformation for the belter which has attended the expenditures designed to modernize the lince which acro in almost a condition of bankruptcy and wreck when tho obligations to the government cancelled the improvements now under way are necessary to bring tho union pacific and southern pacific up to alio standard winch their position in the railroad dolid warrants the complaint that the central is being built up at the expense of the southern pacific if true can be justified on tho ground that tho southern pacific was created out of the revenues and profits of the central pacilio and therefore the central pacific is entitled to some compensating return the policy is making the union pacific and southern pacific the main arteries of trade in the west and la shaping events so that sooner or later they wil be unrivaled as part of a system of transcontinental carriers of freight and and then the great outlay will bring its profits to enrich the fortunate owners of the stock |
