The Savannah morning news., 1902-07-01
.BEYMER is AUDITOR
OF CENTRAL RAILWAY AND OCEAN
STEAMSHIP COMPANY.
NO DIVISION OF OFFICES
AUDITING OF THE COMPANIES
WILL BE DONE AS NOW.

Circulars Issued by Chairman of the
Board Hanson, Appointing w. ID.
Beymer Auditor of the Central.
Mai. Hanson, as President, APP
pointed Him Auditor of the Steam
ship Company-Mr. Beymer APP
pointed c. ID. Martin Freight and
Passenger AuditOr-BOth Appoint
ments Effective TO-day-Auditing
Offices Will Be in Citizens Bank
Branch neutrality-suspicious. Force
Busy on Annual Statement.
Circulars relating to the auditing de-
partment of the Central Railway were
issued yesterday, effective to-day. Both
appointments made by the circulars
were predicted by the. Morning News.
One is that of Mr.. w. D. Beginner, to
be auditor. vice Mr.. H. A. Dunn, re-
signed. The appointment is made by
order of the Executive Committee, and
is signed by Maj. ]. F. Hanson chair
man of the board.
The other circular is signed by Mr..
Beginner as auditor. 1t appoints Mr..
accountant of the company. Mr.. Mar
tin has been a special accountant of
the company. He is a young gentle
man who has many friends, and his
appointment will give general satisfac-
ton.
Mr.. Beymer, the CentraFs new audi
tor, has been in the employ of the Cen
trail since 1897. He came to the COM
pany from the Atchison, Topeka and
Santa Fe. Mr.. Dunn knew Mr.. Bey-
mer while the former was also in the
employ of that road, and made him an
offer to come to Savannah. This offer
Mr.. Beymer accepted, and so capable
has he proven himself, that the off,
Gals were glad to tender him the pro-
motion.
The appointments of both Mr..
Beymer and Mr.. Martin by the Cen
trail Railway are duplicated by the
Ocean Steamship Company. Maj.
Hanson, as president, appoints Mr..
Beginner auditor of the Ocean Steam
ship Company, and Mr.. Beginner APP
points Mr.. Martin freight and passen-
ger accountant.
This means that there will be no
separation of the offices of the auditor
of the Central Railway and the Ocean
Steamship Company. 1t was thought
by some that the policy of separation
of the interests of the two companies
would be extended to the auditing Of
fees, but this proved mistake.
The auditing forces of both the RAIL
way and the steamship company will
remain right here in Savannah. Upon
the completion of the branch of the
Citizens Bank that is to be built on
Liberty street, at the corner of Mont
gomery, the auditing forces will oc-
cupy all of that structure that is not
utilized by the bank
During the last week in July the an
nual financial statement of the Cen
traf Railway Company VIII be issued.
Until then the auditing force will be
busy with it. This will show that
earnings for the year have been very
heavy, but the many Improvements
that have been made by the company
will not leave so large net income
as would otherwise be shown. 1t las
been the policy of the Central for sew
eral years to buy new rolling stock
and improve it's roadway and termi-
nails. This policy has been pursued to
a marked extent this year, particular
ly in the acquisition of new rolling
stock In an interview with Mai.
Hanson some weeks ago the Morning
News indicated the extent of the ma
terial improvements the company has
made in this respect, showing that
earnings have gone to betterments.
This expenditure of the earnings
for betterments will mean that the
second income bonds of the company
will not be reached this year by divi-
dends, though there is no doubt that
the full per cent. will be paid on the
first incomes, as was the case last
year. Some hope, however, that the
earnings will show up SO we'll with
the making up of the statement that
the directors will decide at their spec
ial meeting in August to declare a div
idend on the seconds.