The Birmingham age-herald., 1902-10-04

against S2 311, ,390 for July, 1901; net earn ings for July, 1902, $sO455s, as against $546, oSs for July of last year-an increase of $2o2570. The gross earnings in August were $2,771,892, expenses $1,945,479 leaving net earnings for August of $S26, 415, net increase over August, 1901, of sSS.2S4. The total net increase for the two months July and August-was $34O.S04.
 The Louisville and Nashville fiscal year, 1902 shows surplus after charges of $412S307, equal to 7.G per cent on the stock. There were no increased charges this year. The capital stock of the Louisville and Nashville Is $6OOO0,O0O.
 Official Head of Coast Line.
 A. A. Elliott is the president of the At lantic Coast Line Railroad company and Harry Walters Is the vice president, but Mir. Walters is the dominating official. and as president of the Atlantic Coast Line company of Connecticut, the secur- ity-holding corporation, is the head of the Coast Line system.
 The Atlantic Coast Line company of Connecticut is to the Atlantic Coast Line Railroad company what the old Rich mond and West Point Terminal was to the Richmond and Danville system, now the Southern railway. MT. Walters ranks as one of the ablest all-round railroad men in the country. He is brilliant flnancier and a man of great wealth. Railroad officials who know him say that his policy Is to keep his properties in first-class condition and to expand and develop his lines according to the most approved and progressive modern ideas. They say, in other words, that his policy Is similar to that of President Milton H. Smith of the Louisville and Nashville and that being 50, he would be the last man to favor any change in the presl- dency of the Louisville and Nashville, notwithstanding the fact that the latter has been joined to the Atlantic Coast Line.
 There has been some speculation to the effect that the new men in control of the Louisville and Nashville would put a man at the head of the road who would be less liberal in development than Mir. Smith has been in order that dividends may be larger. But the prevailing opin- ion in Louisville and Birmingham Is that the executive and operating departments will remain undisturbed.
 The headquart CTS of the Atlantic Coast Line are at Wilmington, N. c. It has been suggested in railroad circles here that In time MT. Smith might succeed MT. Elliott as president of the Coast Line Railroad company, and be the executive head of the new combination. Should this come to pass, MT. Smith might be in duced to make Birmingham headquar- ters for the consolidated system. It IS pointed out that Birmingham would be the most convenient place from which to operate the Louisville and Nashville Coast Line system.
 FitzsImmons Here.
 S. s. Fitzsimmons, formerly superin- teudent of the Plant System, but now fuel agent of the Atlantic Coast Line is in Birmingham looking after the coal supply that he gets from this district. In view of the scarcity of coal in other sec tons of the country, all the southern railroad companies are looking more than ever to Alabama Mr Fitzsimmons made large fuel contracts in Birmingham last July, and the coal is being delivered to his line with as much promptness as could be expected.
 Was In City.
 General Superintendent c. S. Me Manus of the Southern Railway company passed through Birmingham last night on his way to Mobile. He expects to visit this city within the next few days A strong effort Is being made on the part of the large iron corporations of this dis trict to have Mir. McManus' headquar- ters removed from Chattanooga to Bir- mingham It is believed that MT. psc- Manus favors such a change. While Chat tanooga is more centrally located in rela- tion to the various divisions of the west ern district of the Southern Railway, Pre- esident Maben of the Sloss- -Sheffiela Steel and Iron company and others who represent large shipping interests insist that owing to the great tonnage iInpor- tance of the Birmingham district a gen. eral superintendent with control of the car service of the system in Tennessee. Alabama and Georgia. should be located here.
 
 nress train from New York to New Or jeans will be inaugurated on November Z. It will leave New York at 2:15 a. m. and arrive at Atlanta at 11:20 D. m. A Bir- mingham train with a sleeper will leave Atlanta upon the arrival Of the through train. and reach here before breakfast. Superintendent Hayden said yesterday that he had not begun yet to make up the Birmingham time card.