The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-10-22
CHATHAM r.. E. AND 1. CO.'S YEAR.
The Officers Reports Make an Excel
lent Showing.

The officers Reports Make an Excel
lent Showing.
The twelfth annual meeting of the Chat
ham Real Estate and Improvement Com
pany was held last night at the company's
office, No 70 Bryan street, east. Capt.
John Riley was called to the chair, and
4Ir. F. w. Garden acted as secretary. A
committee, consisting of Messrs. M. A.
Baker, William Kehoe and F. w. Gar
den, was appointed to examine proxies.
The committee reported that 576S shares
were represented either in person or by
proxy.
The secretary read the report of the
president, which was received and ordered
to be placed upon the minutes
Oct. q, 1S97.-To the Members of the
Chatham Real Estate and Improvement
Company: 1t affords me pleasure to in
form you that the company has had an
other successful business year, and that
there has been not only no decrease in
the good work of providing homes for it's
shareholders. thus aiding in the upbuhding
of the city, but the demand for loans has
been greater than ever
With the return of the country to its
normal condition of prosperity it is doubt
full if the company could meet the de-
mands that would be made upon it for
money for buying property and building
houses. Its success as a money-SaVing
and incorporating organization is with
out parallel in the history of such in
situations.
The continued depressed condition of
outlying real estate has prevented the
company from disposing of many lots in
the tract owned by it in the southeastern
portion of the city, but a proposition re-
Gently made to the board of directors to
materially reduce the price heretofore
asked for such lots, it is to be hoped, will
result in inducing shareholders to invest
IN what must eventually be very valuable
property A special committee is now at
work reducing and adjusting the valua-
ton of the lots referred to, and as soon as
they submit their report, the properties
will be offered TO shareholders at the new
prices An investment in one or a dozen
of such lots at the ruling prices of real
estate will be like lending out ones
savings at high rates of interest When
the lots are offered for sale 1 trust that
all of them will be taken by our smaller
shareholders who are looking for cheap
homes.
The treasurer's report, which is before
you, gives full particulars of the opera
tons of the company for the fiscal year
ending June 80. The report has been ex-
amined by your auditing committee, whose
duty it is to examine the books and pa
pers of the company every month and
also the annual report and found correct
1t affords me pleasure to thank the vice
president, president pro tenn. and board Of
directors, and also the treasurer and his
assistant, for the continued assiduity in
the discharge of their respective duties
l trust you will excuse this brief re-
port, but my apology must be that the
affairs of the company are in such ex-
cellent condition that there is little, if any,
thing, upon which to base a lengthy re-
port Yours respectfully,
]. H. Estill, President.
Mr.. M. ]. Solomons, secretary and
treasurer presented his report in printed
form for distribution among the members
1t was received and ordered to be spread
upon the minutes.
For the fiscal year ending June 30, 1897
Series A
mr.