The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-10-11
CENTRAL'S ANNUAL MEETING.
THE OLD OFFICERS AND DIREC-
TORS ALL REELECTED.

One-Maj. J. +. Hanson Presided
and the Big Block of stock Hello
in Trust in New York Voted by
Vice President Egan-The Presi-
dents Annual Report Received-It
shows an Increase i'm Gross Earn
ings and a Decrease in Net Earn
ings as Compared with the Pre-
ViOus Year-Vice President Egan's
Report Upon the Physical Opera
tions and Conditions of the Prop
erty.
The annual meeting Of the Central of
Georgia Railway Company was held yes
terday at the Office Of the President on
Bay street. A majority of the directors
of the company was present and this com
prised the meeting. The annual meeting
of the company, formerly an important
event in the affairs of the Old Central
Railroad and Banking Company, was only
a formal affair.
The usual preliminaries were gone
through with, however, Mr.. J. F. Hanson
of Macon was elected to preside over the
stockholders meeting and the election for
directors was had. Vice President John
VI. Egan cast the vote of the bulk of the
stock held by a joint committee in New
York city in the interest of the security
holders. OF the issue of $4,000 shares
1898 shares were voted. The old board
of directors was unanimously reelected
the board being as follows:
Hugh NJ. Conner, Savannah.
John NJ. Egan, Savannah.
I. NJ Cunningham, Savannah
John +. Hanson, Macon.
Uriah B. Harold, Americas.
George G. Haven, New York.
Evan p. Howell, Atlanta.
Joseph Hull, Savannah
Samuel r. Jaques Macon.
c. Gunby Jordan, Columbus.
Alexander r. Lawton, Savannah.
George J. Mills, Savannah.
Samuel Spencer New York.
Charles Steele, New York.
Abraham Vetsburg. Savannah.
After the stockholders meeting the d.
rectors present met and reelected the fol-
lowing officers: II. M. Conner, president;
John M. Egan, first vice president; Edward
Workman, secretary; Lawton & Cunning
ham, general counsel; T. NJ. Cunningham
treasurer; Fl. A. Dunn, auditor. The 9th
er general officers are appointed by the
president and vice president.
The following directors were present at
the meeting: John NJ. Egan, ]. F. Hanson.
]. B. Harold, f. p. Howell, Joseph Hull.
II. M. Cunningham, S. r. Jaques. G. Gun
by Jordan and Abraham Vetsburg. Mr.
Cunningham was elected a director some
time since to fill the vacancy caused by the
death of Hon. Patrick Walsh, being 1e-
elected yesterday.
The annual report of the company was
received and read. President Corners re-
ports showed the following financial results
of the year ended June 30, 1892
Cross earnipo-e * 7e7 o4E 60
Operating expenses. So, 759, 977.70
Taxes ................l 2O6, 1913. 81 9ss, 71157
Net earnings .....................$1, 500, S8l O8
Other income:
Income from investments, in
Guiding steamships .............. 152. 1O2 Il
Rentals of Lyons branch ......... As 500 %
Interest and rentals ............. 1854
2l5,21812
Total income .....................$2O Ola, S521 IS
From this amount are to be deducted:
Interest on funded debt ......... 81 $50. 800 90
Rentals OBSERVATION-DISCLOSURES. 406,700 %
Annuity city of Macon .......... 10000
! Miscellaneous Observation-Disclosures. S.46}67
Total 81 956 se3 Ct
Net income surplus carried to
profit and loss account ..........$ $685. 81
| The net income shown above has been
/ credited to profit and loss account, which
! account is as follows:
DR.. CIR.
! Balance June 3d. 1898 ..... s S7,7SS rs
! Interest at per cent on
first preference income
| bonds, paid Oct l, 1898. $4,000 90
| Liquidation during fiscal
| year ended June 80, 1893,
of assets and liabilities
| of receivers and pur-
chasers northumberland. 1896 81
! Income accounts, surplus
for fiscal year ended
June 50, 1899 .............. 5S,S8S 81
| Credit balance, June 80,
1899 Observation-Disclosures. S1,642 Sc