The times. [volume] (Richmond, Va.) 1890-1903, 1902-06-17
BOND ISSUE
IS AUTHORIZED
Coast Line Stockholders Hold
important Meeting-Rail-

,:'he stockholders of the Atlantic Coast
Line Railroad Company. at their meet
ing held at the general Offices in this
bonds not, to exceed $50. 900 per mile on the
mileage of the new consolidated system,
and the giving of mortgage to the
U,l;ted States Trust Company, of New
\ ork. on all property and franchises Of
the road. The only change i'll the man
agement authorized is the appointment Of
an assistant treasurer. who shall have
Headquarters at Savannah after July 1St
10 changes were made in the officials
OF the company, those mentioned i'll the
merger of the Atlantic Coast Line Rail-
road and the Plant System continuing in
service. The old Board Of Directors was
unanimously elected. This being the first
meeting of the stockholders since the
ratification OF the consolidation on May
Eth. there was a large representation OF
ST ck and a vast amount of routine bus
ircsS was transacted.
Prior to the meeting of stockholders the
Beard of Directors held a brief session at
,O:30 O'Clock. at which President Elliott
presided with Mr.. James +. Post as sec
rotary. AT this meeting the Board de-
clared the regular dividend usually paid
in July.
Tic stockholders met at u o'clock. The
Committee on Proxies. composed OF H.
Walters NJ. Jenkens and James +. Post
reported that over 100000 shares of stock
out of Il total of 10000 were repre-
ssntcd. whereupcn the business III hand
was taken up, and the resolutions for
the issuance of bonds and mortgage
Were speedily adopted.
The new system of the Atlantic Coast
Line. consolidated with the Plant Sys-
lem, consists Of over 5000 miles OF rail-
way lines.
The stockholders adjourned yesterday
to meet again in Richmond on July sth
Among those present were H.
Walters and NJ. Jenkins and
Waldo Newcomer, Baltimore: w. G. Ell
lott Wilmington. n. c.; f. w. Scott,
Richmond: DR.. D. w. Lassiter, Peters
burg: E. b. Borden. Goldsboro N c.;
Norwood Wilmington. n. c.; Donald Nc
Rae, Wilmington, n. c.: II. B. Short.
Lake Waccomaw. n. c.. and J. J. Lucas,
Society Hill. S. c.
A circular was issued yesterday By as
sistant General Freight Agent Kyle. of
the Seaboard Air Line, announcing the
appointment of Mr. P. S. Awtrey travel
ing freight agent of the Seaboard Air
Line with headquarters at Jacksonville,
Florida, vice Mr.. ]. S. Nichols.
General Superintendent ]. II. Sands. OF
the Southern Railway issued circular
yesterday to the effect that. E II. Coap-
man is appointed superintendent of the
Danvile Division with office at Green's
boro, N c.. TO succeed Mr.. n. j. O'Rrien
who has resigned.
Mr. Fuller. general passenger agent
and Mr.. Bronston. assistant general pas
senger agent of the Chesapeake and Ohio,
at Washington. were in the city yester-
day in conference with officials here.
President George w. Stevens. of the
Chesapeake and Ohio returned Saturday
night from a tour oyer the western end
OF the line.
Mr.. George Callahan. manager of the
Chesapeake and Ohio line at Clifton
Forge, is in the city.
Mr.. John d Potts formerly assistant
general passenger agent here. but now
holding a similar position with head
quarters in Cincinnati. arrived in the city
yesterday morning from Chicago.
Mr.. c. B. Ryan's appointment as gen
eral passenger agent of the Seaboard
Air Line Railroad, succeeding Mr.. r. E.
l.. Eunch, resigned, was effective yes
terday.
Mr., Ryan took charge of his office at
Portsmouth yesterday morning.
Following are the approximate earn
ines of the Seaboard Air Line system
for The first week in June: Week end
ing June s. 1902 s221. 9ls; 1901. S2s2,a5s: de-
ca ease. s1o.6t2: July 1st to June Sth. 1902.
Sl0SSs 1921, SIC, 2s6, 5o,; increase, s54I.051