Fort Mill times. [volume] (Fort Mill, S.C.) 1892-current, 1906-12-06
TRIBUTE TO SAMUEL SPENCER
Voting Trustees and Board of Direct
ors in Joint Meeting Adopt Min
utes to Be Printed in Press Along
Route of Southern Railway.

Washington, ID. c., Special At 4
Joint meeting of the voting trustees
of the board of directors of the South
ern Railway Co. held at its office
the following minute was adopted
to be entered on the records and pub
llshed at length in the press upon the
lines Of the Southern Railway:
Samuel Spencer, born in Colum.
bus, Ga. March =, lS47, died Nov.
20, 1906, near Lawyers Station, Vir-
glnia, upon the railroad of the South
ern Railway Company, of which he
was the first and only president. The
personal qualities of Mr.. Spencer;
his integrity i'll heart and mind; his
affectionate and genial disposition;
his loyal and courageous spirit: his
untlrmg devotion to duty; his pre-
Sistent achievement OF worthy ends:
and his comradcship on the field OF
battle of affairs and OF manly spoIt
combined To establish him in the loV.
ing regard of hosts of friends I'm cv.
cry section of his country. and no.
where more securely than in the af-
fection of his fcllow-workers in the
service of the Southern Railway Com
pany The Importance of his service
to this company is II matter of com
mon knowledge throughout the rail
road world; but the character the cX.
tent, and the consequence of that
service are and can be appreciated N
their full worth only by his assocint p,
now gathered here TO attest their re-
gard for him and to record thei.
high estimate of his life and work
Upon June 18th. 1894. on the
completion To the Richmond terminal.
reorganization conceived by j. Pi-
erpont Morgan and conducted bv his
partner. Charles III. toSter, the first
meeting OF the Southern Railway
Company was called to order AT Rich
mond by Samuel Spencer as presi-
dent. In that calendar year, the
Southern Railway Company embrac-
cd 1891 miles of road. with 623 To-
comotives and 1864 ears. which car
RED 3,427,S5S passengers and 6,673,-
40 tons of freight and earned SIG
643.29S. Iu the last fiscal year, tht
Southern Railway system cmbraceqI
I,3l5 miles of road with l,429 loco
motives and 42,llO cars. which earl
RED 1l.663,550 passengers and 27,.
339.331 tons of freight. and earned
3,641 ,43S. The number of en-
ployes had increased from 16.71S |
June 30th, 1895, to 37,003 June Both
1906, and the wages paid from So
1l2,196 To $2l ,1S9,020. The full de |
tails and impressive character of tn |
remarkable advent. too extended fer |
present recital. are exhibited i'm he |
mastery communication which mjO |
February ! I9OG, Mr.. Spencer |
dressed TO McsSrs. j. p. Morganl1& |
Co., rs the basis of the deveopm1t |
and general mortgage.
:" in ;his progress every step It'd |
been initial and conducted by br.
Spencer with the cordial concurrIe.e |
OF the voting trustees and the bird |
o. directors, ana it is significant Of |
tie conservative 3n1 cautioned 10 |
sition of Mr.. Spel Ger and his I,p.
porterS, and this rrs nominal enl ,c- |
ment OF the system and its bud nss |
was not made he basis of ami I'm |
crease lii dividends beyond he
amount contemplated and stateli,.
the plans of 1925 w':h referenc, TO
The properties originally re-ora9.iz-
ed. Every dollar that could bdbor-
rowed under President SpeEer's
management yas mt 1nto tba ,inor