The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-04-19
History !Yl| Of 81 the I Organiz'a'- { u al !
tiOl.l and ] Its ! /: \ Wonder 81 de 7
ful.D elOprlnent.
ORIGINAL 4 STOD J ok J,
ElGHTE ZEN II ONR u ONE.
Mr.. Walters, President, Com
trolls Eleven Thousand Miles
Of Railroad and Nearly Five
Hundred Millions of
Securities Of Eight
Roads. is.

The history Of the Atlantic Coast Line
Railroad may be likened to q q tale from
the Arabian Nights" It's wealth, Is fab.
uious, and It's advance has not only been
Sphenon,enals but. unlike majority Of
the railroads Of the coantry. han been
due TO conservative management I and its
excellent 8 strategic position.
Althouxhfthe stock q the corporation,
(! has been iva tered many times over.
values t1avesnot been impaired. for year
by year its securities have grown more
ana more vaiua BILE. 5sss. q 81
There have been no q lgantic nor paltry
frauds to mark it's advance. nor has
there been prostitution of private or$pub-i
lie rights nor 'wrecks""o of allied Scorpo-
Srations. s.ss \; 5s ssi
The progress Of the Atlantic Coast Line
Railroad has been healthy. and rational,
and withaI 30 uietS that but few. persons,
even In the South Atlantic States. are
fan1iliars3with Its /, history. "a Il n III 3ssy ssi
8 The simple statement that It's stock y
which originally cost 350 per share. has
advanced stcad ily until that same share
is worth TO: day. witt ! ts accumulation
other than cash divid lends, almost eight
cen times the original $50. tells In e. few
words the marvellous success OF the corr Il
poratton iss3ss tgg
4 MI. II. walters, president Of Sth he; AZ
,1antic Coast Line Railroad o-day, witt
a DO weray astert than that OF any king
controls more thar II. 900 mi les Sof track
age and more than $3.50. !. .ooo; 900 OF secur-
tiles. s q q J5s a5 .$4
$g5 Here Is tho history OF a the Atlantic
Coast Line Railroa z q
on February 25. p 1894. the Richmond ana,
Petersburg Railroad was rtered under
the laws of ylrgi inia. 70 Sopera Between. a.
Richmond and Petersburg There: were
anrEt issued $500; 900 sof s1ock &. andii
al ter wards $500 900 at flftys cents on the
dollar! making q total issue Of 81, ,000, 900
OF stock. 335 Y, .9S 4;:ss
Petersburg Road Chartered.
8 on February 10. 1890, the Petersburg
Railroad was chartered. !. under the Vir.
giria laws. to operate between Peters,
burg a nd Weldon, NJ. {. q There were Is
sued s1.O0o. 900 of gstoc ~
.Ss5t III S9S tho Richmond and Petersburs;
Railroad and the Petersburg Railroad
we're consolidated, under the " name stof5
the Atlantic Coast Line OF Virginia, the.
new corporation taking the charter Of the
old Richmond and Petersburg Railroad.
It'll simply change Of name.
he 81. 900 900 of stock Of the Richmond
and Petersburg Railroad and the 81 .000, Y
900 Sof stock Of the Petersburg Railroad
we're takenisup by an issue OF 81, ,ooo0 900;
Of the Atlantic Coast Line OF Virginia
and each stockholdcr OF the two merged;
corporations received; one and one-half
shares OF the new stock for each share OF
stock Of the DID, surrendered. a year
later, IN 1 $685. the Atlantic Coast Line Of
Virginia absorbed all the railroads
owned BY sAfessrs. Walters and Newcomer,
in the South. tna rnely The Atlantic Coast
Line OF South Carolina, the Wilmington
and Weldon Railroad u the Norfolk and
Carolina Railroad and 4 the southeastern
Railroad OF North Carolina. paying for
them by; the following new issue OF stocR>
In the (new) Atlantic Coast Line Rail-
road (of Virginia). 35 d ~ "a "a
& In this purchase practically the same
amount 5of preferred stock was issued as
vas common, but later all the preferred,
stock was retired. and therefore this ar-f
stlcle Will only deal with the common
stock OF the company Z N. s n, SIX.
This Ia what the merged roads re-
ceived In new stock for the old stock
retired:
Wilmington and Weldon; Is, JOY, 900 at two
for one, making a total OF $6, ,000. .0OO. IA y
Atlantic Coast Line Of South Carolina,
Continued on Twelfth PaRe.l