The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-05-22
CONSOLIDATION. OF
THE c. & 0. ROADS
Meeting Held Yesterday Was All
Cut and Dried--Only Five
Persons Present.
MANY SPECIALS 10 REUNION
North Carolina Veterans Will
Number Almost as Many
as Virgillians.
MANY SPECIALS TO REUNION

rho meeting Of tho stockholders Of
tho Chesapeake and Ohio Railway hold
yesterday morning to take final ac-
ticn In regard to tho consolidation OF
tho Chesapeake and Ohio Railway Of
Kentucky with the Chesapeake and
Ohio proper was merely formal
meeting. being necessary to comply
with tho law. Tho consolidation, has
been practically In effect for several
years, and the action taken yestcr-
day was decided upon ut least eighteen
months ngo.
The meeting was held in tho board
.roou,'' OF the Chesapeake and Ohio
offices at II o'clock, and was attended
by only five persons. They, however
held proxies representing a93,471
meeting which lasted less than an
hour, tho following report OF it's ac-
ton was given out by Secretary G. T.
Wexford:
At tho special meeting of the stock
holders OF the Chesapeake and Ohio
Railway Company to-day the only
business transacted was authorizing
the formal consolidation of those
parts Of the line in kentucky with the
Chesapeake and Ohio Railway Com
pany, Of which they have always been
practically q part. This consolidation
Is merely the elimination Of the pur-
pose that has been contemplated for
years, and is done in the interest of
efficiency and economy Of administra-
tion and management. The meeting
was not connected in any way nor did
1t involve the issue Of additional capi-l
tai stock or other obligations or Sc
curitles of the company.
For weeks reports have emnnated
from N>W York to the effect that the
Chesapeake and Ohio Railway pro-
posed to increase It's Indebtedness.
These rumors have caused tho stock
10 drop considerably, and inquiring
stockholders Of the road this morn
ing learned before the meeting that
the stock had dropped to-day from
one -quarter to q half since opening.
These rumors had q more or less dis
quieting effect even on the local stock
| holders. and this was evidenced before
| tho meeting was called to order. When
| the business of the meeting was stated
by Chairman Decatur Axtell, who was
elected to preside over the meeting In
tho absence of President Stevens, who
is in Cincinnati, some Of the stockhold-
ers stated the reports they had heard
and asked for the actual purpose OF
| tho meeting, and If there was truth
| in the report that an adjourned meet
| ms WOuIu EUc uclu Luz luC PuJpOSc VI
making further efforts to increase tho
Indebtedness OF tho company.
| Vice President Axtell and General
Counsel Wickham assured the meeting
| that not another thing would be con-
| sidcred except the question that was
stated explicitly in the call, the for
NAL or technical taking over OF thepro
perties which have practically belong
| ed to tho system for some years. Both
officials were firm In their assurances
/, that while the property under consid-
Grafton was q part of tho great Chesa-
| peuke and Ohio Railway system. yet
there were certain requirements which
made 1t necessary to haze separa te
accounts kept. and the technical con-
solidation was purely in -he line OF
economy and would do without extra
| bookkeeping.
After the business Of the meeting
had been formally transacted. the
members present held Interesting talk:
about the property and informally dis
cussed matters pertaining 10 the road
No formal action resulted from the
Informal discussions, but the result a!
far as noted by those present, was ar
inclination to closer unity and CO.
operation of the stockholders. the own
ers OF tho railway.
. District Passenger Agent c. w. West
bury, of the Southern Railway, state,
yesterday that tho Indications are tina
the crowds attending the reunion will
be the largest in many years, If no
the largest ever known Judging fron
the number of special trains scheduled
there will be almost as many Nort1
Carollnlans 8 Virginlans in Richmon
from May 3Oth to June Sd. Tho South
ern will haul swarms of the veteran.
especially from the Cnrolinas Georgia
Alabama, Mississippi, Louisiana an
Texas points. An extra sleeper vii
be run from Pensacola, Fla: anothe
from Newberry. S. c., and another fror
Union, 8. c. A special train Of eigh
coaches Will be operated from Char
lotte N, c., May 29th, with an averag
of fifty or sixty persons to the coacl
Two special cars will come from Con
, cord, a special train Of six cars fror
, Huntersville, N. c.; ono from States
, Vile, and another from Hickory N. C
and special coach from Charlotte t
Richmond. A solid special train wi
: be operated from Frcnt Royal and ir
. tcrmedate points in Virginia to Rlct