The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1900-11-23
Meeting of A. G.. l.. stockholders

The annual meeting of the
ers of the Atlantic Coast Line Railroad
Company was held at the general office
of the company, in this city, yesterday,
at noon. The meeting vas called to
order by President Warren G. Elliott,
and, on motion, Mr.. John P. Branch
was made chairman Of the meeting,
and Mr.. James F. Post was reelected
secretary The chairman appointed
Messrs. H. Walters, Donald MacRae,
and the secretary, a committee to veri-
fy proxies and ascertain the number OF
shares represented n the meeting, and
the committee reported that there were
over two-thirds of the stock represent
ed in person and by proxy. Mr.. W. VI.
Elliott, president, read his report and
submitted the same as h report OF the
president and board of directors. Mr..
II. Walters. first vice president, also
submitted his annual report, including
the report Of Mr.. John R kenly, gen
eral manager, w-hereupon n reports as
read were ratified, approved, and ac-
cepted. The reports of w A. Rlach,
general auditor, n James r. Post'
were presented to the meet
ing in printed form
THE report Of Mr.. j. p Brancn,
chairman of the inspection committee,
was also read and placed on file.
THE report of President Warren G.
Elliott dealt largely with the consoh-
dation of the various Atlantic Coast
Line systems since the last annual
meeting. II showed 1,l5S.S miles was
now the length of the o through VII
ginia and the two CarolinaS. The capl-
tai stock amounts to SS4 $50, 500. and
has been delivered to n Safe DeposlI
and Trust Company, OF baltimore, az
b~ondholderS, to be exchanged with the
holders of the outstanding stock OF the
several companies consolidated The
entire funded Indebtedness OF the COM
pany is SIS. SAG, 500.
president Elliott says the gross
earnings and receipts from all sources
for the year were S7,111,I5S-15, and OF
this amount $7,5S6, 1855 was received
from operating the roads, and SlSl,Vlz,-
SO from other ources Inc expense
of maintenance and operation ana tne
taxes paid, amounted. In the aggregate,
TO "a. 56S. sos. %. The operating expenses
were 56S.S per cent, CT the gross re-
ceipts.
1.-THE election of officers resulted az
follows: Mr.. w. G.. Elliott, president;
Mr.. H. Walters, first vice president;
Mr.. Alexander Hamilton, second wee
MI. c. S. Gadsen. third VICE
president, and Messrs. B. +. New
III III
tiers, and Waldo Newcomer, OF Balu.
more, and Messrs. E. B. Borden, oil
Goldsboro, n. c.: Hon George How
ard, of Tarboro, N. c.; John NORWOOD
and Donald MacRae, OF Wilmington, N
C.: III. B. Short, OF Lake Waccamaw'
N. c.; j. J. Lucas. Of Darlington, 5. Q;
r. w Scott, of Richmond, Va, and Dr
d w. LasSiter of Petersburg, va,
were unanimously elected as directors
for the ensuing a At a subsequen'
meeting of h newly elected OF
directors Mr.. James F. Post was unani-
,,o,,slv elected secretary and treasurer
Mr.. T. NJ. Emerson. traffic manager
Mr.. w. A. Riach, general auditor, and
MT. John R. Kenly general manage
The operations of the company wer'
oresented to the meeting in printed
form.
president Elliott and a numoe
of officials of the road came up III
Wilmington in a private car. Inc
left late in the afternoon for WHINING
tou."-Richmond Times.