Goldsboro weekly argus. [volume] (Goldsboro, N.C.) 1885-1909, 1893-08-03
THE A. & N. G. RAILROAD.

The directors of the an r r.
met in Goldsboro last Thursd y and
declared dividend Of 2 per cent,
payable September 1st, 1898. This
is the second dividend the road has
ever paid in its 38 years Of ex-
istence. The first dividend was
paid year age, leaving $4,000 in
the treasury. This year after the
dividend is paid, over $4,000 will
still be left in the treasury. 1t takes
nearley $4,000 to pay "a dividend
Of 3 per cent, there being nearly 81,
100000 of stock in the road. The
State gets as dividend on her stock
$26, 800. Lenoir county gets $1,000
on its stock, and we suppose there is
about half as much private stock in
the county, so that about $1,000 a
year in dividends on private and
county stock is coming into the
county under the present able and
progressive management of this
railroad. Nearly all the people of
this county desire that the present
splendid m nagen,eaat be continued,
IN order that the road may continue
to prosper and that the county may
continue to Ireeetve diviaeaads from its
stocks.
In addition to paying dividends
for two years in succession, there
have been great improvements made
to the road, in improving number
Of depots and in the puchase of new
engines, freight aud passenger cars
President Chadwick took hold of
the road when it's former president
had said it c5uld not be run any
longer without more "outside aid,' .
paid off a big floating debt left hy
the former aGm m;nistration, and has
| actually brought the road to divi-
dend paying basis.
We copy the following from q
| recent issue of the Raiigh NeWs.
Observer Chronicle:
"We are glad to see that the A. &
N. 9. Il. r. has declared a dividend
OF 2 per cent, payable September
1st. Last year q similar dividend
was paid, and we understand that
the railroad commissioners he
lately went over the road, making q
careful examination, found the pro,
perty n excellent condition. AS the
State is largely interested in this
property, we are much pleased te
learn of its good condition, for We
were apprehensive lest the Kinstor
branch Of the W. & W. would prove
a great disadvantage to it.
The present management has con
Quoted the road on strictly business
principles and has managed it econ
omically, If good work deserves
commentator, then Mr.. Chadwick
deserves to be commended for hi
good work by a reelection. W,
have no doubt he will be reelected
|-Kinston Free Press.
! We have taken the liberty O.
putting some lines Of the above ar
ticle it Italics, in order to call espe
cial attention to them, because i
has been said by the few persona
opponents of Mr.. Chadwick's ad
ministration that nearly all the neo
i pie of Lenoir county desired
change, yet the Free Press tay
lust the opposite, and shows conclu
sively achy-because the county i
now getting thousand dollars
year in dividends on its stock in tn
road, and its citizens, private stock
holders, $500 additional, whe
formerly not cent was paid in divi
| dends to auy one. This is how LIE
noir county looks at 1t from a p-ae
tical business standpoint-ard thi
is an age of practical business. An
the Stale of North Carolins
which SO largely owns the road an
controls its tion, and no
: receives anunnally $26,5OO in div
dends where formely she got not
cent, should retain in the presidenc
tof this road the man who has thu
eYinced such business capacity an
achieved such successful results
Ed. ARGUS,