The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-01-10
ST.. & WIS MEETING
orr,CERs AND DIREcTeSts FOR
- COMING YEAR CHOSEN.
NO CHANGES WERE MADE
x,,.1 DIVIDEND OF PER CENT
DECLARED.

D,xidend the Preceding Year had
Nm hut IL Per Cent.-Assertions
= rr,ffic Men as to the Heavy
tues. Done Made Good by the
..,,ratton of SO Large IA Divi-
,ond-statements Showing Conn
icon for the Two Years-Direc-
an Their Annual Tour of the
system.
The annual meeting of the stockholders
cha savannah, Florida and Western
r,,tlvrav was held yesterday at 10 o'clock
+hs general offices of the Plant Sys-
The old board of directors was re-
s,.ctsd for the ensuing year as follows;
~ G. Erwin, Mr.. M. f. Plant Col.
rstill. Judge Lynde Harrison, MIR.
=, 1sepn Mr.. H. M. Flagler and Mr..
B. F. Newcomer
,asr the meeting of the stockholders n
Ting Of the directors was held. and the
goroUing officers were reelected, no
.soooes either in directors or officers, as
'.iiooted by the Morning News, having
been made:
president-R G. Erwin.
,,ioe Presidential. F. Plant.
secretary-R. B. Smith.
Trsasurer-J Moultrie Lee.
A,,dend of A per cent. was declared.
,bov.ine that the railroad did an excellent
business during its last fiscal year In
.be declaration of such dividend Is
..o,.D the truth of the many delighted
l,pressions of railroad officials about the
,.oiobt and passenger traffic they have
.o,dla5 Last year the dividend declared
was but ~ per cent.
figures submitted the directors by the
auditing department showed the excellent
financial condition of the road, and it will
re interesting to compare the statement
for 1890 with that of 1899:
Cross earnings ......,.............$445 l, Io9 40
Operating expenses .............'. o,zUz, Ioo %
surplus Observation-Disclosures. 4,zooVVo o.
Increase over 1899 ................ 1886 90
Interest account ..........,...'... U4,86o W
Taxes Observation-Disclosures. 1ooVdf %
Net earnings ...................... ST. 1856 70
The statement for 1899 was as follows:
Cross earnings ...................$3, 992, 1876 81
0rsrstina expenses .............. 1853 SIG As
SrrrIIs 1,022 SIS 43
nanreaee over 1898 ................ 1886 20
Interest account .........s........ lzoobo ~
Taxes ........................... Io-'o9o VI
Net earnings NEUTRALITY-SUSPICIOUS.. los III "
One of the finest trains that ever pulled
mt Of Savannah was the special that left
at o'clock. taking the directors to Way
cross where a stop of an hour was made
for an inspection of the company's prop
erty. From Waycross the trip was to
Brunswick. where the annual meeting OF
the Brunswick and Western, of which
Judge Lynde Harrison is president, is to
be held From Brunswick the party will
90 to Thomasvile and from Thomasville
to Montgomery, where the meeting of the
Alabama Midland will be held. From
Montgomery the directors will start on
their Florida tour, visiting the legal head
quarters of the various lines comprising
the Plant System and holding their an
nual meetings.
Quite a pleasant and interesting trip is
looked forward to by the directors. Their
train is made up of elegant and commo-
dous private cars. Something like a
week will be required for the completion
Of the tour Of the directors.