The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-09-27
debt Of Az N.CRR
SHOULD Be FUNDED
President Bryan's Advice to
Stockholders.
FINE SHOWING OF ROAD
Pre- sident Jas A Bryan Unanimously
Reelected.
INCREASE IN EARNINGS OVER $3.50 0
President Brya,'s Salary Increased to $500
No Change in Directors Representing
Private Stockh ders. One ef
Best Railways in State.
Best Railways in State.

annual stockholders meeting of the At
lantic and North Carolina Railroad was
held here today in the company's new
offices over Trent river. Every stock
proxy. The report of the President
showed material progress along all lines.
1t was listened to closely throughout it's
reading and amid applause was adopted.
Mr.. Jos. f. Robinson presided over the
meeting, the deliberations of which
were very harmonious.
On motion of the private stockhold-
ers the salary of the president was in
creased from $1,000 to $1,000 per year
There was no change in the personel
of the directors representing the private
stockholders. These. Dempsey Wood
Henry We'll, G. E. Foy and r. G. Dun
can were reelected The State through
it's proxy, j. w. Granger announced the
appointment of the following State di-
rectors: r. w. Taylor, of Morehead
City; Jas. A. Bryan and T. w. Dewey,
of Newborn; L. G.. Daniels, of Bayboro;
j. C.CParker, of divers: L. Harvey, of
Kinston; w. H. Smith,, of Goldsboro;
c. NJ. Busbee, of Raleigh.
Messrs. ]. A. Meadows, T. A. Green
and Dr. Frank Hughes representing the
private stockholders and G. II. Roberts
and p. w. Canady the State stockhold-
ers were chosen as the finance commit
tee At the directors meeting held at
forwards, Jas. A. Bryan and Matt Man
ly were unanimously reelected presi-
dent and treasurer respectively. W. c..
Munroe. of Goldsboro, N. c., was elect
ed general counsel All appointive Of
ficers were left with President Bryan.
No changes will be made in these save
that of roadmaster.
A good part of the report of President
James A. Bryan is confined to a review
of the work done during the past year in
improving and re-equipping the road.
Referring to the success of the Allan
tic and North Carolina railroad, Presi-
dent Bryan says:
Since we assumed the management of
your property, by reason of the increased
facilities for the transaction of business,
many industrial plants have been located
along its line, the lumber traffic has
nearly doubled, and with proper and
continued effort it's general business can
also be increased TO proportions largely
in excess of it's present voluTc.
Speaking of the road bed the report
says:
I'm consequence of the unprecedented
rains of the past few months, it has been
simply impossible to keep he track ia
the low grounds, through which portion
Of it runs, in its proper alignment and
as smooth as it would otherwise have
been. In several places the water has
poured over the tops Of the rails, wash
ing the dirt from under the ties, and
making the track uneven and rough, but
by constant work and watchfulness the
damage has been quickly repaired and
the trains have run without accident to
life or limb, and the roadbed is and has
been kept in general good order, q large
portion of it comparing favorably with
those of any of the great systems ira
versing the State.
"a gravel train. without extra ex-
1ense as to labor, the first in many
years, has been recently put upon the
road and will be kept in use until its
bed is properly ballasted throughout it's
entire length.
when your road is properly ballasted
hoped will be accomplished during the
next twelve months, the track in
smoothness and safety will be the equal
of any in the State-in fact the greater
portion of it is so at the present time
The improvement in service is noted
as follows:
'tThe service upon your road for both
freight and passenger traffic is better
than at any time in it's history-it is in
fact, in proportion to it's mileage, SUI
perior to that of any road in the State.
1.-TWO years ago it consisted Of but one
daily mail and passenger train and one
tri-weekly freight train between More
head City and Goldsboro, whereas it re-
quires to transact it's business one daily
mail and passenger train and one tri-
weekly freight train between Morehead
City and Newbern, a double daily mail
and passenger and a daily freight train
between Newbern and Goldsboro, and on
Sundays daily mail and passenger
train and a daily passenger train be-
tween Morehead City and Newborn, and
double daily mail and passenger train
between Newbern and Goldsboro, also
.one and frequently two daily log trains.
chased during the past two years, your
rolling stock is by no means in good
order. Most of your cars are only fair,
while many of them are not serviceable
and nearly all need more or less over
hauling and repairing, and in many in
stances rebuilding from the trucks.
Your road needs and should have new
passenger cars, one of which should be
a chair car 50 new box cars, 80 new fiat
cars and so new log cars all of which,
with the exception of the passenger
coaches, should be constructed in your
own shops where we can build the class
of cars that we need for less money than
we can buy Them.
Reference is made to the fact that
many old ears have been practically re-
built at the company's shops. The mo-
tive power consisting of IA engines Is
declared to be ample for present needs.