The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1895-11-15
R. R. DIRECTORS MEET
ALL ENT MAGNATES
OF THE SEABOARD AIR LINE
HERE yesterday.
D. AND n. DECLARES DIVIDEND.

Two and a Half Per Cent. Dividend
to Holders of Durham and Northern
| Stock--Ralcish and CASTOR and Raj
eigh ant Augusta Air Line Both IN
Fine Condition with Increased In
comes--GenerOus Action of Raleigh
and CASTOR Stockholders.
Railroad men of high degree were in
Raleigh yesterday. They came 10 at
tend the annual stockholders meeting of
the different divisions of the Seaboard
Air Line.
The magnates arrived on special
train yesterday morning. They came
from Portsmouth, where the directors of
the Seaboard and Roanoke had met the
day before, and re elected the old OIL
GERS. At three o'clock yesterday after
noon they left on special train for At
lanta, where the stockholders OF the
Georgia, Carolina and Northern, and the
Atlanta Bell Line meet to day.
Among the notables here were:
R. Curzon Hoffman, president OF the
Seaboard Air Line, who succeeded the
late John M. Robinson, and is considered
one of tbs ablest financiers in Baltimore.
Louis Mclean, prominent Baltimore
capitalist, and director in many OF the
largest financial institutions OF that city.
He made the bulk of his immense for
tune in California.
T. B, Fisher, of Baltimore, formerly
a large grain and cotton merchant, now
large capitalist, and a director in sew
eral Southern railroads. He is dlrec-
tor in the O. F. and Y. V and the
Georgia Southern and Florida, and in
many Baltimore institutions.
J. L. Minis, Baltimore capitalist and
we'll known clubman.
Vice President E. ST. John, the active
head of the Ssaboard Air Line.
Judge Lee r. Watts, of Portsmouth,
general counsel of the system
Mr. George W. Watts, of Durham, one
of the managing directors of the Ameri-
can Tobacco Co., the donor of the Watts
Hospital, and director of some OF the
largest companies in the State.
Mr.. D. Y Cooper, the wealthy Hen
derson tobacconist.
Maj Leo. D, Heartt, cashier of the
First National Bank of Durham.
Col. Thee. f. Davidson, of Asheville,
former Attorney General of the State.
Raleigh and CASTOR.
at II o'clock yesterday morning, in
the offices in this city, the stockholders
of the Raleigh and CASTOR Railroad met.
Mr.. Louis Mclean, of Baltimore, was
chairman OF the meeting.
The report of the president and board
of directors to the stockholders was most
gratifying, as the business of the road
shows a marked improvement for the
past year. The stockholders unani-
mously re elected r. @. Hoffman presi
dent, and elected the following direc-
tors Louis Mclean, @. d. Fisher, W.
W. Chamberlain, W. @. Stronach, Jos.
B. Bate elor, W. r. Tucker.
Mr.. Albert Johnson, the oldest engi-
neer in the United States, is now in At.
lanta in charge of the model of the
Tornado" the first Raleigh and CASTOR
engine. He was at the throttle when
it pulled into Raleigh in 1640-the first
locomotive whose screech ever disturbed
the echoes of the capital city. He has
been, ever since, constantly in the en-
ploy of the road. The stockholders
ordered that his salary as now paid,
should be continued, on his return, in
consideration Of his long services to the
road.
Tom Hill, colored, who has been por
ter at the office for thirty five years, was
retired and he was granted pension of
twelve dollars month for the remain
der of his life. This was done on the
recommendation of Mr.. Everard st.
John, vice president of the system. Mr..
ST. John has severa times expressed his
wishes in the matt r, but the action had
to be taken by the stockholders.
Several prominent stockhc lders of the
road were present, among them Gen.
Theo. r. Davidson, of Asheville; Maj.
| George P. Collins, of Hillsboro; Judge
Lee R. Watts, of Norfolk, and DIR. F. s.
Harris, of Henderson.
Raleigh and Augusta Air Line.
At 10 o'clock the stockholders of the
| Raleigh and Augusta Air Line met. Mr..
W. r. Tucker, of this city, was chair
man of the meeting.
The report of the President and direc-
tors of this road was very satisfactory,
the receipts showing marked increase
for the fiscal year.
After the regular usiness of the meet
ing, Mr.. r. @. Hoffman was re elected
President, and the following board of
directors was elected r. G. Hoffman,
Louis Mclean, J. L. Minis, w. W. Cham
berlain, G. D. Fisher and B. N. Duke.
In this meeting Mayor William Russ
was proxy for the city of Raleigh, which
owns about five hundred shares of the
took. He was very cordially received.
Durham and Northern.
The stockholders of the Durham and
Northern railroad met in the general
Offices at one o'clock yesterday afternoon.
George w. Watts, of Durham, was
chairman of the meeting.
1t was shown by the report Of
the president and directors that this