The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1898-02-04
THE sEACoAsr RAILROAD

wards Moose's Inlet
The stockholders OF the Wilmington
Seacoast Railroad Company met In an
nual session yesterday morning At III
O'Clock IN the office OF the Wilmington
Merchants Association. in the Sea-
board Air Line building.
On motion. President George r.
French was called to the chair. and
Mr.. James H. Chadbourn. Jr.. was re-
Ques.ed to act as secretary.
On motion. Messrs. James II. Chad
bourn. Jr.. and Oscar Pearsail were p
pointed a committee to report the num-
Der Of shares represented. They re
ported 1889 share out OF a total of
1,5o0 shares represented in person and
by proxy.
The meeting was thereupon declared
ready for the transaction OF business,
President George r. French read his
report concerning the operations of the
road and gave an account Of its pro-
gress since he was first elected presi-
dent in 1892. six years ago. Referring
to the condition Of the road. he reports
that during the year just ended all the
wooden culverts on the road except
two have been replaced with terra
Gotta drains. that the bridges and
t~restles have been overhauled and are
in good condition. that a sewerage sys-
tenn has been put in on h beach, and
a system OF w~aterworks, supplying
pure water to the cottages. is in opera
ton. He recalls that a few years g
there were only a few cottages on the
beach whereas now h seashore is
lined with elegant houses. As to the
financial condition of the company he
reports that the total bonded and
floating debt is $50, 900, $4,000 having
been paid on it out of the earnings Of
the road. He states that the roadbed
is in very good condition, that the
bridges and t~restles need but little
work the coming season and that the
equipment is now being put in good
shape. He makes the following recon-
mendation: 1T is thought advisable
this year to at least have the survey
made UP the beach and have the road
way laid so We can place the lots north
of Mr.. Sol Bears cottage on the
ket."
On motion, the report OF the press-
lent was ordered to be placed on file
and spread upon the minutes.
President French read the report of
Nv II ID IIou,o. -ao,-o+ 49,, and t~aov
urer pro tenn, and the same was rder-
&c on file and to be spread upon the
minutes. The report shows the finan-
cial condition of the company to be in
a healthy condition. In fact a divi-
lend could have been declared the past
two years but for the payments of a
part of the debt
The report of Captain r. o. Grant,
the efficient superintendent of the
road, was read and was ordered to be
filed and spread upon the minutes
The report deals in particular details
about the physical condition of the
road and shows that during the "a
the trains ran 1920 miles. He states
that during the year the road hauled
1O2, go passengers He reports the
roadbed as in excellent condition and
the rolling stock as in good order.
The stockholders then went into the
election of a board of directors for the
ensuing year and the following were
elected: Messrs.. George r.. French,
George L. Morton, James II. Chad
bourn, Jr.,. w. H. Chadbourn, Charles
w. Worth, James S.. Worth. and Oscar
Pearsall.
Mr.. B.. G. Worth who has been a
member of the hoard ofd irectors since
the organization of the company aud
would have been reelected, declined
reelection on account of his advanc-
ing years n business engagements.
Mr.. Morton was elected a director in
stead of Mr.. G.. H. Smith.
The stockholders meeting then ad-
journed. and the new board OF directors
met for. the purpose of organizing and
electing officers for the ensui.s year.
On motion, President French was
called to the chair. and Mr.. James H.
Cadbourn, Jr., was requested to act as
secretary.
The following officers vera elected
for the ensuing year:
President@George r. French.
Vice President--George L. Morton.
Traffic Manager--E. s. Latimer.
Secretary and Treasurer.Iames 6.
Worth.
SUPERINTENDENT. o.. GIANT.
Executive Committee-Pre i.dent G&s,.
! r. French. Vice Presider George l..
EMorton, and James H. Cnadbourn, IT.
After discussing the affairs Of the
company n transactfng routine bus
mess the meeting adjourned.
Household GDsls
The ancient Greezss believed that the
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