The times. [volume] (Richmond, Va.) 1890-1903, 1891-10-21
STOCKHOLDERS MEETINGS.
The Chesapeake and Ohio, Warm Spring.
Valley and southern Improvement Co.

Valley and Southern improvement Co.
The Cheasapeake aud Ohio Railroad Com
panv held its annual meeting yesterday at IL
o'clock in the Offices OF the company in the
Pace bio in this city. At the same place
the Warm springs Valley Company met at 10
A M ana the couthern Improvement Com
1 pany at il A. NJ
hr L. Z. ECKER was chosen as chairman of
the chesapeake and ohio meeting aud Dir. O.
| 4 Wexford ted as secretary Tor the meet
ing. here were present in person or BY
! proxy 7O9.y70 shares. the total stock of the
| company being 10000 shares.
lhe following directors were elected to
serve Tor the coming year: III. +. ingalls,,
Oinc, mat, o.; ". \. Anderson. Cincinnati.
g. IL. Coster, New York; George T. bliss,
New York g. ID Dickie, Jr., New York; @.
New ork Decatur Axtell. Richmond. Va;
Henry /. WIckham. edmond Va
Inc stockhoders approved the contracts
with the nichmond and Dsnvie Railroad
Company, the Washington Southern Rail-
way Company and the baltimore and Poto-
mac halfway Company. under which con.
tracts the Washington division of the Chesa-
| pe~ke and Ohio Ompany is operated. They
also approved mortgages which had been exc.
cuied ON the Craig alley and Hot Springs
branches.
President Ingalls, annual report to the
stockholders was most gratifying in its show
ing.
At the meeting of the Warm Springs Valley
Company the oliow NJ directors were elected:
ID, catur Axtell, Richmond IL. T. Wi khan.
no mond; q; h. Nelltord. Richmond, T. ..
Barbour. Richmond l.. +. sullivan. Rich.
mond; Il. J.. Parrish. Coyington. a.: II. w.
Fuller, Washington. y c.
At the meeting of the Southern improve
ment Company the following directors were
chosen NJ; L. ingalls,, Cincinnati DscstuY
Axtell, Richmond f. +. Osborne, Cincinnati;
w. I. Anderson. Cincinnati; O +. Wexford.
Richmond Warner Moore. Richmond. T. o.
Barbour Richmond.
Inc report OF tie president of tho Southern
Improvement Company says
The several properties known as the Warm
Springs. the Hot Springs anu the Healing
Springs. have been acquired from the Warm
Springs Valley Company in consideration Of
g,ozl shares OF your stock and of one hum
dred thousand OF first mortgage bonds being
a part OF possible issue OF q million of dol
lars secured by a mortgage on all tho proper
ties OF your company authorized by the board
OF directors and ratified by the stockholders
at Its meeting on January ~. 1891.
our company assumes the obligations of
the Warm Springs ally Company concern
ing the property and the latter agrees 10 apply
SlU0.000 In money to the improvement OF
the property
The company has acquired all tho capital
oAoNh VI tuc AuTuDlht Jlll rOuu from the
Warm Spr ngs t. the Hea ing Springs witha
lot Of land at aud including the toll house.
III has also acquired by contract the ownership
OF all the outstanding stock Of tie old Warm
Springs Company and 1894 shares of the
stock OF the Warm Spr ngs Valley Company.
Your company assumed the contract made
by the Warm Springs sllev Company to the
Chesapeake and Ohio Railway Company for
the construction OF the Warm Springs alley
branch OF the Chesapeake and Ohio railway
from Hot Springs to Covngton. nearly twen-
ty-hve miles. The cost when all bills are fully
paid Will be about $3.50. 900. The road has
been completed and accepted by tie railway
company. and the $40, 900 of It's per cent.
first mortgage branch bonds, the consldera-
tion TO be received, are IN the possession of
your company. These bonds are worth fully
the whole cost OF the road.
The company has operated the hotels az
the Hot and Healing Springs aud the baths
at tho Warm. Hot and Healing. The hotel
tuildings and bath houses at the Warm and
hot Springs are old and in a very bad condi-
ton and extraordinary repairs have been
made:
The company does not operate the Warm
Springs Hotel. Ii is leased TO Mrs Eubank
and this lease runs for two years longer She
has secured an exec lent patronage and de-
serves mu b credit iOr her successful manage
ment. her dliil cultles are great. as the build
ings are dllapidated. The capacity OF the
Warm Springs Il about 300 guests. the Hot
about 200 and the Healing 100. he buildings
al the Healing -prings are in very fair condi-
ton. A good deal Of money has been ex-
pended upon them and the repairs now and
tor me time 10 come Will be- small In
iargements however. are much 10 be desired
No ad litiOns Of consequence have rs yet
been made 10 the accommodation of any of
the hotels. nor have the baths at the Ho. or at
heNarm been improved except T. build "a rest
ing room at the ladies bath at the Warm
: -faFH
have been made to the baths a. the Healing.
The management has SO far confined it's work
20 repairing and operating the properties as
t found them. TO building the railroad,
surveying the property and securing inior-
nation az TO the best means to
heir improvement. An export has visited
several Of the b st watering places and sani-
arlans In Europe aud has submitted very
elaborate and exceedingly interesting and
galua le report. The health resorts Of this
country were also visited and the company
las at its command very full knowledge OF
he experience OF other his information
las been carefully studie IN reference TO the
)lans of hotel. bath hOu es and casino, now
icing prepared. The designs for the grounds,
ocatiOn Of drives. bath ho lses. pools, casino.
lotels, etc are being made by Dir. Earnest
" B wditch celebrated landscape gard
ner Of Boston.
There is every indication Of great increase
q the number of people who will throng TO
hese springs. and it would be impossi le to
nake adequate provision for them IN time for
he next season. The company will probably
70 able 10 open a new hotel at tho Hot and
erhaps get the new bath house az the Hot
D condition so that part OF il can be used
here can Ne no question that with moder-
te increase in the hotel accommodations and
be ere tion Of proper bath houses the prop
rites will yield an am le revenue for sll
xed charges and for dividend on the capital
tock