The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1905-04-25

ers in the 4 per cent. certificates OF the
Atlantic Coast Line company. of CON
iecticut, the holding" company for
Atlantic Coast Line railrOad--Noticc
the difference in the names: "Compa-
hy" in the one Railroad in the
Otbef.)
TO go back to the original holder of
stock in the old Richmond and Peters
burg railroad. If he had purchased one
hundred shares of stock ut sol per
share, as he could have done when the
stock was Issued and for years there
after, he would have expended $1,000
for the same.
In 1898 when the first merger occur
red he received II II a half for II
1t pa, making his 100 shares OF stock
worth $4,000.
In 1899 when the second merger was
consummated, he received one and a
half for one in common stock and a bo-
nus IF one ana a hail for one III pre-
ferred stock, giving him 30 shares OF
common and % shares of preferred.
In 1902, when the control of the
Louisville and Nashville railroad was
purchased. holders of common stock
were allowed to purchase 40 per cent.
of their holdings at S123 per share,
making Il total holding of 315 shares of
COMMON stock and % shares oil pre-
ferred, which cost the original $1,000
and 90 shares at 1920 81 1850, or Il to-
tai of S16,2JC.
In December, 1904, the stock ,liyi-
dend Of 20 pc" cent. gave The holder 50
additional shares. making his holdings
3IS shares Of common and DO shares
OF preferred, costing $1G,210.
In December. !oO4. 4 script dividend
OF > per ccnt. was paid the stockhold-
crs in tho i per cent. script Of the At
laItic Coast Line Company of Connec-
ticut, which OH 37S shares amounted 10
1900, which being deducted from the
cost price of $16,2JG, makes the 31S
shares of common and. the 22J shares
OF preferred stand the original holder
S14,36c.
y REMARKABLE YIELD.
On yesterdays market Atlantic
Coast Lin common sold at 100, making
the 37S shares worth $60,4S0. The pre-
ferred stock sold at 125, making the
2ZJ shares worth S2S, 123, or a total Of
SSS, 500 for the shares. Deduct the
cost price of S14.3 & and there will re-
uain IA net profit on the 100 original
shares of $74,245.
Ia a word, the purchaser of one huE-
Gred shares Of Richmond and Peters
burg stock could have borrowed the
money to buy the stocN; more than
paid the interest from cash dividends,
and today by selling his stock could
Pay off his Indebtedness and bank IL
clean profit of $74,245.
The majority of the stock of the Al
lantic Coast Line railroad is owned Dy
Il corporation known as the Atlantic
Coast Line Company Of Connecticut,
whose capital is but $1O,5OO,OOO
The majority Of the stock OF the
"hOlding' company is owned by Mr.. II.
Walters, Of Baltimore, president of the
Atlantic Coast Line railroad, who by
means of his control Yields absolute
authority owe the following roads:
1. The Atlantic Coast Lin railroad.
2. Louisville and Nashville railroad.
3. Nashville, Chattanooga and ST.
Louis railroad. Controlled by Louis
vile and Nashville.)
4. Georgia Railroad Company and it's
dependencies. Ueased by Louisville
and Nashville and Atlantic Coast
Line.
). Old Midland railroad, now called
Memphis and Paducah division.
.. One-half interest in MOnOn road.
I. One-llalf interest in Peninsula
and Occidental Steamship Company.
\ total of 1000 miles of railroad,
the face value of whose securities
amounts to more than $3.50, OOO. 900.
All Of this enorOmus amount of value
is controlled by five and 4 quarter mil
lions fof stock, held by Mr.. Walters, III
the Atlantic Coast Line of
| Connecticut.
Mr.. Walters sailed on March 2Sth for
Europe at 10 O'Clock in the morning.
The New York Stock Exchange opened
at the very moment of his sailing. and
Atlantic Coast Line railroad sold fu-
riously at al. Since that time it has
advanced to 100 and over.
There are all sorts Of rumors af1oat
regarding the future of the stock. but.
as has always been the case, nothing
will be definitely known until final az
ton has been taken by the board of di-
r%ectors, which is composed Of he fol
lowing gentlemen:
MI. IL. Walters chairman, of Balti-
more; Mr.. Fred W. Scott, of Rich
mOnd; Mr.. Michael Jenkins, of Balti-
more; MI. Waldo Newcome, of Balti-
more; Mr.. Warren Elliott, Baltimore:
MI. IL. B. Short, Mr.. J. J. Lucas, Mr.
Donald MacRae, Mr.. E. 3. Borden, Of
North Carolina: Mr.. !. II. Estill. of
Georgia; Mr.. NJ. f. Plant, of New York
President, W. L. G.. Edwin, New
York; first vice president, MI. Alexan
der Hamilton, of Virginia.; second vice
president, c. S. Gadsden, of South Car.
DINA; third vice president, T. NJ. Emer.
son. of North Carolina; fourth vic,
president, John r. Kenny, of Nortl
Carolina.-Richmond Tfmes-D DISPATCH
:, Southern Train Wrecked.