The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-10-20
CHATHAM "A. E. AND I. COMPANY.
All of Its Officers Reelected for
Another Year.


There could be no better indication that
Savannah's real estate and building pro-
jects are looming up in big proportions
than the attendance at and the interest
shown in the proceedings Of the annual
meeting of the Chatham Real Estate and
Improvement Company. held at the COM
pany's office last night. The capital stock
is 10000 shares Of so each, representing a
half million of dollars. Six thousand one
hundred and ninety-one shares were rep
resented in person or by proxy.
Among those present were C. F. Law,
William Kehoe, II. c. Cunningham, F.
w. Garden, NJ. s. Baker, ]. F. Kollock,
J. H. Estill, Abram Minis, c. H. Dorset,
NJ. C. Kolloek, NJ. J. Solomons, W. w.
Gordon, Jr., A. l.. Desbounlons. r. G.
Gaillard, Nicholas Lang and G. H. Rems-
hart.
The stockholders organized by calling
Mr.. c. F. Law to the chair and electing
Mr. f. w. Garden secretary. Messrs. Ba-
ker, Kollock and Kehoe were appointed a
committee to examine proxies, and after
their report the minutes of last years
meeting We're read and confirmed.
President Estill then presented mis- re-
port as follows
To the stockholders of the Chatham Real
Estate and improvement Company: have
the honor of presenting to you this very
brief report. The company's affairs have
undergone no material change since you
last met In the early part of the fiscal
year there was an accumuia lion of money
on hand. This distinctive feature of the
period has been experienced by this and
similar institutions, and borrowers with
s-tf i
ers. Dispute of this disadvantage, We have
been able to pay to you the customary
dividend at the usual dates, and still have
a small surplus.
The real estate holdings of the company
are gradually disappearing from it's as
sets, and the sales that have been made
were at prices satisfactory to the Board
of Directors. The possession of eligible
building lots has enabled us to supply
some of our members with homes al very
low figures but the time is coming when
the opportunity to buy lots from the COM
pany will be thing of the past.
For Information concerning the financial
condition of the company at the close of
the fiscal year, June 30, l refer you to
the printed statements of the treasurer
copies of which are before you
In closing, L beg leave TO state that the
vice president, president pro tenn, the sec
rotary and treasurer, the directors and the
assistant secretary, and also the Examin-
ing Committee of the stockholders have
this year, as in those past discharged
their duties with zeal and fidelity Re-
spectfully submitted j. H Estiu,
President
The presidents report was adopted. The
treasurer's report, as presented in printed
form, was, on motion, received and adopt
ed. The old officers were unanimously re-
elected Capt. Cunningham offered an
amendment to the bylaws, made neces-
sary by an act of the Legislature which
was adopted. The following are the COM
pany's officers:
President-J. Fl. Estill.
Vice President--C. II. Dorset.
President Pro Tem.-William Kehoe.
Secretary and Treasurer-M. j. Solo
mons.
Assistant Secretary and Treasurer-F
w Garden.
Directors-H. P. Smart Lee Roy Myers,
c. S. Connerat, G, II. Dorsett II. c. Cum
n;ngham, William Kehoe and M. J. Solo
mons
Auditing Committee-R. G. Gaillard, NJ
S. Baker, F. G. Bell.