The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-03-14

itinerary embraces Fitzgerald, Americas,
Columbus Albany and Montgomery and
on its return the party will stop over here
for day or two. The trip is expected to
consume two or three days
The officials from the north were Joined
here by the local directors and officials,
Vice President and General Manager Ce-
ell Gabbett, Capt. John Flannery, Capt
W. w Williamson, Mr.. C. d. Baldwin and
Secretary w. w. Mackah. Reinforced by
the Savannah directors, the party went
out on a special. The train, consisting Of
an engine, a coach and President Will
iams private car, left at o'clock
The Southern States In a recent num-
Der printed an interesting article by Mr.
Albert Phenis on the Georgia and Ala
bama and its territory In it he said:
During 1895 there was hardly a more
interesting or important railroad event
in the south than the infusion of new life
into the property now known as the Geor-
gia and Alabama railway. Built upon the
ruins of the old IS A. M" road the line
had no sooner passed into the hands of
the new organization than a spirit of en-
terprise was manifested which has al
ready placed the Georgia and Alabama
well in the ranks of those roads which
are helping the whole south while imme-
diately benehtting themselves by vigor-
ously aiding the development of the coun-
try through which they run.
Two years ago the announcement was
made of the reorganizing of the Savan-
nah, Americas and Montgomery, under
the title of the Georgia and Alabama, by
the election of Mr., John Akslton Williams
of Richmond as president; Cecil Gabbett.
vice president and general man
ager; ]. Wilcox Brown. treas
urer, and w w. Maekau of
Savannah, secretary. Among the di-
rectors were Mr.. Adolph Ladenburg of
the banking and foreign-exchange firm of
Ladenburg, Thalmann & Co. of New
York; c. Sydney Shepard of New York;
j. w. Middendorf of Middendorf, oliver
& CO., Baltimore bankers; r.. b. Sperry,
Baltimore; John Flannery and John K.
Garnett of Savannah; James ID. Stetson of
Macon, and S. A. Carter of Columbus. MIR.
Williams, who is a member of the banking
firm of John L. Williams q Sons, of Rich
mond, had been at work upon the reor-
ganization of the property for some
months He is well known as gentleman
of ability and energy, also as an expert
financier. Mr.. Wilcox Brown, president
of the Maryland Trust Company, of Bal
timore. was active in the reorganization,
while the majority of the other directors
are connected with prominent banking or
business institutions. The announcement
was made that the company would extend
its system into Savannah at once. This
was done and not only has every expec-
tation been fully realized, but the activity
of the new management has greatly ex-
ceeded the measure put upon it.
The first annual report of the Georgia
and Alabama for the ten and one-half
months ending June 80, 1896, though made
some weeks ago. has just been issued in
pamphlet form. The report is a most
fiattering one. and the money the road
cleared was earned during a period Of
hard times. A very satisfactory feature
of it's management is that its record has
and is being continued right along.
The report shows that the gross earn
ings from the operation of the road were
563,640.S7. The operating expenses and
taxes amounted to $i01, 1851, which left
a balance of net earning of $162, 47476, rep
resenting 1888 per cent. of the gross IN
come from traffic. The charge against
the income were as follows: Interest and
rentals, $1S3, S499S, and other deductions
$I7. 49, balance of $2S,60729 was thus
carried to the account of profit and loss
The pamphlet also contains the report OF
the vice president and general manager,
and an account of all the Improvements
and innovations that had been made since
the present management took possession.
This was Aug. 15 1895 The Georgia and
Alabama was organized and a charter
procured July 20. 1896