The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-04-19


Line Railroad purchased the great PLANT
systen''sw Will, its lines running through
Georgia. Alabama and Florida and also
one-hnlf interest In the Peninsula and Oc-
cidental Steamship Company, operating be-
tween Tampa and Havana. Beside the
bonds isslel 10 pay for those acquired
roads there was issued common stock
amounting to the face value OF s7259.St
making, with the former issue, Of sf5.-
$40 200, a total Issue OF So l6o, 900 Of COM
mon stock. e "A 2SSit 58 a
IN September, 1902, the Atlantic Coast
Line Railroad again acquired new prop
critics by the purchase OF 3O6. 900 shares sot
the stock OF the Louisville and Nash
Vile Railroad, being 81 per cent. Of the
onttre stock OF that road In order 10 pay
for this stock thirty-flvc million OF bonds
were Issued and thirteen and ono-hnlf-
million OF common stock. or this. thur
teen and ono half million OF stock, $780,
600 was sold TO tho stockholders OF the
Atlantic Coast Line Railroad at 1925 per
share. This new Issue OF sls,6Oo. 600;
added to tho former issue OF So, $50 OOO
made tho total Issue OF common stock
$50, $50 900.
In December. 1904, a stock dividend or
% per cent was declared. which AMOUNT
ed to 81. 800. 900 new issue OF common stock,
which added to the $ss, GEO, 00D already IL
sued made. a total issue OF common stock
OF S$44 oOO. 900. 3555
That is tho total Issue as it stands to-
day. i'5gy,5 ~ .ts4
Paid Cash Dividends.
During all these years regular cash div
blends had been paid and in. addition, In
December, 1904, q per cent. script gdivi-5
dcnl was paid the stockholders Iii the
per cent. certificates OF the Atlantic
Coast Line Company OF Connecticut the
holding, company for the Atlantic Coast
Line Railroad. - Notice the difference in
the names !: Conipany.i5l In The one; Rail,
road III The otherS) 4 .5si ss n
To go back to- the original holder OF
stock in the old Richmond and Peters
burg Railroad. II he had purchased one
hundred sshares Of stock at 80 per share
as he could have done wien the stock
was issued and for' years thereafter, he
would have expended s. 900 for tho same.
In 1898 when the first merger occur1 ed
he received one and a half for one at
par, making his 100 shares Of stock worth
SIC. 0o0 WI 5s55 Egg i. SRI
In 1899 when the second merger was con-
sumn1ated he received one innd half
for one in common stock and q bonus OF
one and half for one in preferred
and "a shares OF preferred. "a e.
In 1907 when the control OF the Louis
Vile and NASHVILLE Railroad was pur-
chased, holders OF common stock Wei 9
allowed to- purchase 40 per cent, OF their
holdings Mt s126 per share; 10 per- cent.
OF s225 shares would he 90 shares, making
a total holding OF 3l5 shares OF common
stock and 225 shares OF preferred, which
cost the original S, 200 and (a0 stares at
"a n al NJ n
8$ In December, 100, the stock dividend OF
20 per cent gave the holder IS additional
shares, y making his holdings 37S shares
OF common and 225 shares OF preferred
COS ting SIG, 80 ls $s mn n
In December, 1904. q a script dividend o Il
5 per cent. was paid the stockholders In
the = y per cent. script OF the Atlantic
Coast Line Company OF Connecticut, whci h
on 378 shares amounted to 1880, which
being deducted from the cos, price OF $751; 4
25O, makes the 37S shares OF common and
the 225 shares OF preferred stand the
original. holder, s14, 1850. 4
Il "A Remarkable Yield.
q On yesterday market Atlantic Coast
Line common sold at leo, making the 378
shares worth sGo,4SO. Tho preferred stock
sold rat 125, making he 225 shares worth
$685. 25, or q total Of SSs.6G for the shares.
Deduct tho cost price OF 5S14. $50 and there
VIII remain a net prof on the 100 original
shares Of s74 245. sS fSs-
81. In a word, the purchaser OF one: hundred
shares OF Richmond and Petersburg stock /
could lave borrowed the money to buy the
stock; more than paid interest from
cash dividends. and to-day by selling his
stock could pay OF his Indebtedness and
bank "a clean profit of 81, IS.
III The maJority.of the stock OF the a tlantic
Coast Line Railroad Is owned by o corpora
ton known ms the Atlantic Coast Line
Company Of Connecticut whose capital Is
but $10,5 900. ~ 81 Z,
Il Tho majority OF the stock Of the hold
ing. company is owned by Mr. =. Wal
tiers, OF Baltimore. president of the At
.lantic Coast Line Railrond. who by means
OF this control Yields absolute authority
over tho following roads: 81;
iii The Atlantic Coast 4 line Railroad.
q I,ouisvillo and Nashvll lie tal 1road n, e
49, Nashville. Chattanooga and st, Louis
rcl OIL 1LOufSVill0 md