The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1906-11-23
STOCKHOLDERS OF 4. c. |.
Hold Annual Meeting in the City
Of Richmond.
Reports Submitted and Directors and
Officers Chosen-During the Year
334 Industries Such as Factories, etc.
Were Located Along the Line of the
Coast Line in the Six States the Road
Traverses.

The annual meeting of the stockhold-
ers of the Atlantic Coast Line Railroad
Company was held in Richmond this
week and the reports submitted by the
officers We're most gratifying. Many
new enterprises have been located on
the lines during the past year and the
country traversed by the road has been
in a most prosperous condition. whica
fact was apparent by the facts as
shown in the reports
The Richmond Times-Dispatch gives
the following account of the meeting:
The annual meeting of the stock
holders of the Atlantic Coast Line Rail-
road Company was held in this city
yesterday. The following directors
and officers were chosen:
Directors-H Walters, Michael Jen-
kins, Waldo Newcomer, NJ F. Plant,
Alexander Hamilton, F. W. Scott, Don
aid MacRae, E. B. Borden, H. B. Short,
J. j. Lucas, J. H. Lucas, J. H. Estill,
Warren Delano, Jr.
Oficers-T. NJ. Emerson, president:
Wilmington, n. c.; Alexander Hamil-
ton, first vice president, Petersburg,
Va; c. S. Gadsden, second vice pres
ident, Charleston, S. c.; J. r. Kenly,
third vice president, Wilmington n c.
These officers were elected by the di-
| rectOrs: H. Walters, chairman of the
board; H. L. Borden, secretary; r. D.
Cronly, assistant secretary; w. r. Sui
livan, assistant secretary; George B.
Elliott, assistant secretary; James F.
Post, treasurer; H. L. Borden, assist
| ant treasurer; J. J. Nelligan, assistant
! treasurer; Joseph B. Kirby, assistant
| treasurer; W. R. Jones, assistant treas
| urer; C. c. Olney, assistant treasurer;
]. MOultrie Lee, assistant treasurer:
w. N. Royal, general manager; R. A.
| Brand, freight traffic manager; w. J.
! Craig. passenger traffic manager; II. G.
| Prince, comptroller; Alexander Ham
| ilton, general counsel.
| The report of President Emerson
| showed net income of s4,S16,94213 for
the fiscal year ending June so, 1906; and
income of 1905.
| Quarterly dividends had been declar-
| ed during the year amounting to s2,-
!
net income, leaves a net surplus for
the year of$2, ,098,312.1S.
| Earnings from operations, said the
president in his report, had increased
1190 per cent; operating expenses and
! taxes had increased 1904 per cent and
| the net income from operations had de-
creased II per cent.
! The reports of the officers contain 4
great deal of data in detail, relative to
soperatiOn, equipment and maintenance
of equipment, ways and structures. The
detailed statement Of equipment owned
at the close of the year shows total
lof 545 locomotives of every type; 525
cars for passenger train equipment, in
Guiding express and baggage cars, etc.
1906 standard-gauge freight cars. and
80 narrow gauge cars; sol cars for use
in road service equipment, and II YES
sells used as tugs or barges.
During the year the company expend
ed for improvements and additions &c
property a grand total of s467 ,969.72. OF
which 1852, 1858. "a was for the construc-
ton and improvements of sidings. and
$11e,O81 for purchase of steel rails fol
renewal of tracks.
The Coast Line system operates 4,
33363 miles of road, an increase oI
11.35 during the year. The earning:
from operations during the year in
creased 11.90 per cent, but the opera :
ing expenses and taxes increased 49,
per cent. The chief item in the increa-
ed expenses of operation was on Goa
consumed, which increased 20 per cent
in quantity, and more than 80 per cent
in cost. The increased consumption O
fuel alone amounted in value TO S16O,
!e76.
In addition to the equipment sum
, married. orders have been placed 70
the following, which have not yet oeel
} delivered: Al freight and 20 switch
ing engines; $50 wooden under-fram
cars; 500 steel under-frame cars; 2,oG
steel under-frame box-cars; 129 wood
:. en- under-frame box-cars; 500 steel IN
: der-f-ame coal cars; II caboose cars
IS phosphate cars; and 35 log cars; 2
, passenger coaches; express care, an
: postal cars; so ballast cars, and
plow cars.
During the fiscal year 334 industries
such as factories, mills, etc, were ic
: Gated on the line Of the road in the ST.
: states through which il passes"
!, xx-r DE~EvvE AEcCACES