The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1899-11-24

the authorities claiming the right to
make the assessment, to reduce the
value placed upon our property to the
IprOportionate value placed upon other
property for taxation in the state, n
upon their refusal to change the as
easements made by them, this compa-
my, acting in concert with other COM
Ipanies similarly situated, applied for
land obtained ron the United States
iCircuit court an injunction restraining
1.-THE state officers from collecting the
on the increased assessment thus
made. Not desiring to avoid the pay
lment of its prope taxes, payment was
made, pending the litigation above re-
lferred to, under the direction of the
court at the instance Of b company
Itself, OF taxes to the state, counties
and cities upon the assessment made
lin 1898. This suit a been recently de-
Icided by the United States Circuit court
holding that the increased assessment
was Illegal and making the injunction
permanent. This action was taken for
the protection of the company's inter-
est and not with any desire to avoid
the payment OF its just and reasonable
proportion of taxation.
W. G. ELLIOTT,
President.
REPORTS OF OTHER OFFICIALS.
The report of the president was adop-
ted as were also creditabde nnual re-
ports form General Manager j. r.
Kenly, General Auditor w. A. Riach
and treasurer James F. Post.
From the report OF the general man.
lager it is shown that the gross receipts
lof tine road and branches were $2,311,-
464. 20 and the operating expenses ST.
119, 702. 80; the percentage Of operating
|expenses to gross receipts being $40 per
cent. An extended statement is made
lof the purchases of new passenger cars
engine, the erection of permanent
structures, bridges, trestles, ware
houses, depots, ETC., over the line or
lroad. In regard to removal of the
shops, the report says:
THE plan of rearranging n shops
so that, as far as practicable, an re-
pairs to locomotives and other machines
will be done at the South Rocky Mount
lshops, and all repairs to cars and the
CONSTRUCTION of new cars at the WIZ
mington shops was begun last spring,
land at the close of the fiscal year was
we'll under way. No new buildings will
Ibe required. 1t will only be necessary
TO re-arrange the old buildings and
tracks, add some new tools, and trans
fer some of the tools and machine
from one shop ito the other. 1t rs be-
Ilieved that THE change will greatly in
Grease the capacity of the shops, and
add to the economy of their operation"
THE ELECTION OF OFFICERS.
When the matter of electing officers
for the ensuing term was taken up
Secretary James F. Post was instructed
to cast the unanimous vote OF the
meeting for President and board Of d.
|rectors as follows:
President-Mr. Warren G. Elliott.
Board of Directors-Mr. B. F. New
conner, Mr.. H. Walters, Mr.. J.. P. Nc
Mr.. Michael Jenkins, Mr.. Waldo
Newcomer, of Baltimore; Hon. George
Howard, Tarboro; Mr.. E. Borden, OF
Junius Davis, Esq, MI. j..
Norwood, MIR. Donald MacRae, OF
Wilmington.
MEETING OF THE DIRECTORS.
There was no further business after
the election of officers n the stock
holders meeting adjourned and the
newly elected board of directors there
after held a short session for the pur>
pose of organizing and electing officers.
The election resulted as follows:
Vice President-Mr. H. Walters.
Secretary and Treasury-Mr. James
F.. Post.
General Manager.-Mr. J. R. Kenly.
Traffic Manager-Mr. T. M. Emerson.
General Auditorium. w. A. Riach.
Genera OBSERVATION-DISCLOSURES D.
Divine.
Executive Communicable. Warren
Elliott, Mr.. Michael Jenkins, MI. 3.
F.. Newcomer.
Among those from a distance who
attended the stockholders meeting
Yesterday were Mr.. B. F. Newcomer,
president of the Safe Deposit and
Trust Company, of Baltimore, and
Waldo Newcomer and MlcnaeI
ra-1;-- to1co oR Po1firpnrQ
The annual meeting of the stockhold-
ers of the Northwestern Railroad Com
pany of South Carolina, n the At
lantic Coast Line Railroad Company
of South Carolina will be held today In