The Palatka daily news. (Palatka, Fla.) 1884-1888, 1886-03-04
ANNUAL MEETING
or the Florida Southern Railway
COmDany


Company.
The Florida Southern Railway Company
leld their annual meeting at the general .
offices of the company in this city. at II
o'clock H., Tuesday, for the election Of .
officers and the transaction Of other bus
iness. \ majority of the directors were /
present, among them were the Hon. John .
W. Candler, president; Hon. Edward Az ,
cry, John L. Hall, vice president: Rufus
ii. Brown. president Of the Peabody Ma
tional bank; J. Wentworth Brown, of
l. Brown x Co.. Col. VIM. l.. Gambler.
Among the stock holders present were
Hon. Rufus s. Frost, ex.member Of con-
gress, II Mass. and Col. I.anier, Of Flor
ida. The president in opening the meet
ing made Il statement regarding the af-
fairs OF the company and congratulated
the stock holders upon the fact, that,
Notwithstanding there had been a severe
season anil many difficulties TO contend
with in the conduct Of the business on
the road on account Of the inclemcnt
season and heavy frosts, the floods and
cold weather Of the north, which Lad af-
fectcd Florida, somewhat, that the bust
ness had been satisfactory and the pros
poets for the future promising.
lie said that the gentlemen
who had promoted the Florida
Southern railway had carefully con-
sidered the resources of the state when
they entered into the enterprise, and
the experience Of the last season had not
changed their several opinions. On
the other liant they believed in the i'm.
por,ance of developing their road with
enterprise, to offer better facilities for
the conduct of business and to aid on the
increasing growth and prosperity Of the
state.
lie said that l2o miles of steel rails had
been laid between Palatka and Pember-
tons Ferry during the past year AMI that
10 miles additional road hal been con
structed, and announced the completion
Of the original Florida southern line from
Lake City to Charlotte llarbor. liz said
that he belieysl that Palatka was very
important point where investments and
improvements would bring Il satisfactory
result, that the railway company propos.
cd in the immediate future to improve
their terminal facilities for the extension
and new construction Of their wharves
and the building Of large fire proof
warehouse for Il freight depot, and new
offices and new blocks Of stores on their
prOpert, on the wharf: that it seemed TO
him Improper facilities. Palatka would
prove 10 I've ono Of the most desirable cit.
les to receive from sailing vessels and
steamers from the north. frcights to bc
shipped to theintcrior and southern parts
Of the state. II was the desire Of
the stock holders to elect the old board
Of directors ana when il became known
that Isaac 7. Burr, ESP, one Of the old
board declined reelection, the Boston
stock holders expressed wish to elect
MIR. Milan ID. Spaulling in his place.
President Gambler suggested that they
should increase their number. making 1t
II instead Of .. and also suggested to
take rs two out Of the three which would
bc elected, Mr. Spaulding and Mr.. Chas.
+. Todd Of Maine. for the reason that
while most Of the stock was held in Mas.
sachusetts there was still large interest
in Maine ami !. would bc agreeable to
the old board 10 have some representa-
tive from that state associated with it,
The result of the election was the unani.
nous choice of the following gentlemen,
viz: Hon, John W. Gambler, John X.
Hall. Jacob Edwards, A. 7. Potter, Rufus
II. Brown. Hon. Edward Avery, j. Went.
worth Blown. Edward d. Spaulding,
Chas. +. Todd, Vim. l.. Gambler. and s.
'. White. After the adjournment of the
stock holders a meeting of the directors
was held. The Hon. John W. Gambler
was elected president. John Il. Hall, vice
president, and Vim. l.. Gambler, treas,l.
rer, the old officers.
In the afternoon meeting Of the stock
holders Of the Florida Commercial Com.
mny was held. The old board of directors
was reelected with the addition of Col.
VIM. l.. Gambler in place of Isaac 7. burr,
resigned. who declined reelection. At
a meeting of the directors held after the
adjournment Of the stock holders meet.
ing thu old officers, Hon. John W. Cind.
Ter. president. John Il. Hall, vice prcsi.
dent. and VIM. l.. Gambler, treasurer,
were reelected
/ \ meeting Ut the ~. Johns y Lake
Eusts Railway Company inl the old
board of directors and oilicris were re-
elected. Hon. John W. Gambler. presi.
dent, and tol. Wm. l.. Can.llcr. rreasu-
rer. President Gambler made some refer.
ence to the late Col. 4. J. Lane. Of Ma.
con. Ga., the former president of the st..
Johns 4 Lake Eustis Railway ompany,
in terms OF respect AMI friendship On
motion Of the Hon. Edward Avery. it