The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1906-10-16

lantic Coast Line Company, of Con-
necticut, held on Wednesday in Bridge
port, Mr.. Michael Jenkins was elected
president to succeed the late Warren
G.. Elliott and on the same day Mr..
Harry Walters was elected a director
Of the Western Union Telegraph Com
pany to succeed the late Russell Sage.
Mr.. Jenkins is a Baltimorian and
the following is taken from the Balti-
more Sun of yesterday:
At the annual meeting of the stock
holders of the Atlantic Coast Line
Company of Connecticut, held at Bridge
port, in that state, yesterday, the fol-
lowing officers were elected:
Observation-Disclosures Jenkins, Ba1ti-
more.
Vice President-Waldo Newcomer.
Directors-Hsnry Walters, New
York: Michael Jenkins, Warren Della
no, Jr., East Orange, n. J.; Waldo
Newcomer, Alexander Hamilton, P
tersburg, Va, and n. w. James, of
Baltimore.
Mr.. Jenkins succeeds the late War
rem G. Elliott as president, while Mr..
Newcomer succeeds Mr.. Jenkins to the
vice presidency. The advance of Mr..
Jenkins to the executive Office was
not surprising as his fri nds and bus
mess associates here have known that
he could have this position if he de-
sired it. The surprise was that Mr..
Jenkins should have consented to take
the post. His. business interests are
large and varied, but perhaps that to
which he gives most attention and
personal application is the presidency
of the Safe Deposit and Trust COM
pany. He succeeded the late Mr.. B.
F. Newcomer to this post and is al
most in daily attendance at his Office
in the company's building.
In the early summer Mr.. Jenkins
retired from the presidency of the
Merchants and Miners Transportation
Company, as he said at the time, to
enable him to give more attention to
the constantly growing business of the
trust company. In view Of this his
Acceptance Of the place for which he
has just been selected caused sons
surprise.
His friends n business associates
say that his selection vas logical. The
company, it is stated, is we'll organic
ed, with a capable force. Moreover,
said one of these friends, Mr.. Henry
Walters is chairman of the Atlantic
Coast Line board. This remark was
made in such a significant way as to
give it the broad meaning that the di
rectiOn of that cOmpany's affairs
would most likely be undertaken by
Mr.. Walters and that the work to fall
on Mr.. Jenkins would not be burden,
! some.
This company, as is we'll known, is
a holding company for the Atlantic
Coast Line railroad properties in the
south. 1t is in no sense an operating
concern, the work of running tn roads
which it owns being done largely from
Wilmington, N. c., and from some
other southern points where the op.
Grating officers have headquarters.
Mr.. Newcomber and Mr.. Jenkins are
both new members of the board, as i
Mr.. Alexander. The last named wa
recently counsel for the Coast Linz
system to succeed the late Mr.. Elliott.
Mr.. Newcomer represents the inter
ests Of his father in the corporation
This is said to be very large, and thu
general assumption is that this inter
est with that of Mr.. Walters and Mr.
Michael Jenkins, represents in the
ne%ighborhood Of ~three-quarters OF al
the Coast Line stock. Mr.. Newcomer
is president of the National Echangx.
Bank and is a director in the Safe De
post and Trust Company.
A New York disnatch last night saw:
that Messrs. Henry Walters and J. J
Slocum were elected directors of tn
Western Union Telegraph Company a
the annual meeting of the compan.
to succeed the late Russell Sag an
General Louis Fitzgerald. With thes
exceptions all the old directors wer,