The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-11-28
s., F. &W. ANNUAL MEETING.
A 4 Per Cent. Dividend Declared From
Last Years Earnings.

The Old Board of Directors and Officers
Reelected and the Usual Form Gone
Through With-The Earnings and Ex-
penses of the Road for 1894 as Com
pared With 1898 Shows an Increase
Both in Gross and Surplus-The Party
of Magnates Left the City at 1880 for
Brunswick, Where the Meeting of the
Brunswick and Western Stockholders
Will be Held.
The stockholders of the Savannah, Flor
ida and Western railway held their annual
meeting yesterday in the Office of Superin-
tendent r. G. Fleming. The reports of the
regular officers of the road were read and
the usual routine business of the meeting
transacted. Those present at the meeting
were President H. B. Plant, Vice Presi-
dent H. S. Haines, Vice President and
General Counsel r. C. Erwin, of the Plant
system. Messrs. H. NJ. Flagler, D. F.
Jack, J. Moultrie Lee, Col, c. D. Owens,
and Secretary R. B. Smith.
The stockholders reelected the old board
of directors as follows: Messrs. H. B.
Plant, H. NJ. Flagler, H. S. Haines. NJ. K.
Jesup, B. F. Newcomer, ]. H. Estill and R.
G. Erwin.
The report of the treasurer, Mr.. J. Moul-
trie Lee, showed the following earnings,
expenses and surplus for the year with
which is given for comparison a state
ment of the earnings of the year before:
1894 1888
700 771 ne 71u oDc -
Operating expenses. z, $685. 676.S4 2,466, 1885
| Surplus earnings. 1865 094.22 1888, p
It will be seen from the foregoing state
| ment that the gross and surplus earnings
| for 1894 are larger than for the preceding
| year. The gross earnings for 1884 are
| about SS0,O00 larger than for 1898, but the
! surplus earnings for 1894 are only about
| $l2 600 more than for 1893, the reason for
which will be seen in the heavier operat-
| ing expenses for the year just closed
Out of the surplus earnings for 1894
amounting to $1,265, O94.22, provision was
| made for the payment of all the fixed
| charges and taxes on the property after
which a balance of $443, S94n was left
| From this sum a dividend on the capital
| stock of per cent. was declared leaving a
balance of SCI, 37S.ll, which was carried 70
| the surplus fund. There was no special
| business outside of the routine matters.
! Col. Owens, Treasurer Lee and Mr.. Jack
| then left the room and a meeting of the
| directors was held. The following officers
| were reelected:
| Presidential. B. Plant.
| Vice Presidential. S. Haines.
Vice President and General Counsel-R
| G.. Erwin.
| Sccretary-R. p. Smith.
| Treasurer. Moultrie Lee.
| superintendent. G.. Fleming.
After this meeting the party took a
! special train of five private cars, and a
| baggage car and left the city at 1876
| o'clock for Brunswick where the annual
| meeting of the stockholders of the Bruins
| wick and Western railroad will be held.
! Those in the party are Messrs. H. B.
! Plant, NJ. f. Plant, r. G.. Erwin, H. S,
| Haines, H. NJ Flagler, Benjamin Brew
ster, Mr. Flaglers guest, r. b. Smith, D.
! f. Jack, J. NJ. Lee, c. D. Owens, Capt.
| r. G. Fleming and others. The party
was in charge of Supt. Fleming. From
| Brunswick it will go to Montgomery, Ala,
where the meeting of the Alabama Mid
| land stockholders will be held, and from
there to Jacksonville, Sanford, Ocala and
/ Tampa.
The report sent out about Senator
! David B. Hill coming here with Mr.. Flag
Ter was in error. Senator Hill has not
been with Mr.. Flagler on this trip.