The semi-weekly messenger., 1907-12-17
DIRECTORS OF t.C.L.
VIII be Payable .faaaagy 10th i'm Per
Cent. Cert hCateS OF Indebtedness,
Now He'd Ina the Treasury OF the
Cat,aes OF AnuuaI Report
of Officials Received in the City Yes
i terday.

of Officials Received i'll inc ShS io9
I terday.
The hoard Of directors OF the At
lantic Coast Line railroad company
at a special meeting held yesterday III
baltimore declared \ seml-annual Ill
videud of 3 per cent. upon the com
,,,on stock of the company, payable on
January 10th next Cn account now
ever of the continued existence OF
extraordinary financial conditions, aho
in order to provide for making hnai
f,ayments for extraordinary better
nents and improvements nearing COM
nletion. it was provided by the dlrec-
tors that the dividend shall be pald
with the four per cent certlncates Oh
Indebtedness Of the company Whlcn
were sometime since purchased by the
company from the holders thereof and
which have since been held as an in
vestment in the treasury Of the COM
pany.
In attendance from this city at the
meeting yesterday were President L.
NJ. Emerson of the A. G.. l.. and Cap
tain Donald MacRaa, and Col. H. 3.
Short Of Lake Waccamaw.
The meeting yesterday was expressly
fol the purpose Of taking some ac-
ton with regard to the dividend, the
matter having been postponed at the
regular annual meeting of the board
OF directors held in Richmond last
month.
The news Of the action of the direc-
tors will be received with gratitica-
ton in this city where a large amount
Of the stock IS held.
Full information concerning the dl-
vidend will be duly given by circu-
lar letter to the stockholders as to the
adjustment Of fractional certificates
for sums less than 800. The books
OF the company close at 3 p. m. on De-
oember % and reopen it at 10 a. m, on
December 31st.
The seventy-third annual report OF
the A. c. L. railroad company for the
year ending June 3Oth, 1907, has
been issued in pamphlet form and cop
les have just been received by stock
holders in the city. The report con-
the operation of the road and many
interesting facts are shown.
The report shows that during the
year 2729 miles We're added to the
system, making the total mileage on
June 30th, 1867, f,36092. Earnings
r.
operating expenses and taxes increased
2l.01 per cent; net income from opera
items decreased 2O.G5 per cent. The
ratio of operating expenses and tax
es to gross earnings from operations
was 1886 per cent, an increase of S.43
per cent, the previous year.
The report continues.
Owing to the shortage Of the straw
berry and vegetable crops, the gross
revenue from that source was $239, ,2S7.-
Is less than the preceding year. Other
traffic conditions We're favorable, and
able to overcome this loss, and show
gross increase from freight traffic Of
81 ,069, ,170.26 Or 615 per cent
Passenger traffic shows a gross in
crease of s647 7,S1S.59, or 1892 per
cent.
THE number Of tons Of freight earn
ing revenue increased 7.72 per cent;
the number of tons carried one mile
increased ILL per cent; the mileage
tOf revenue freight trains increased
5.52 per cent; and the average num-
Der of tons carried per freight train
mile increased 6.33 per cent
The number of passengers carried
increased 6S per cent: the number OF
passengers carried one mile increased
1904 per cent; and the mileage of rev.
enue passenger trains increased 1872
per cent
The average numoer of passengers
carried per train mile increased 500
per cent
During the year there We're purchas-
ed 10S locomotives as cost of S., 1872, ,44O,
which were requirements, and there
were purchased 4S standard passenger
equipment cars at a cost of 1882 ,346. 60. !
There We're purchased and built dur
ing the year 5522 freight cars. at a |
cost of $5,365. .332.O7.
At the close of the year the COM
pany owned GAL locomotives of all
kinds. $50 total passenger equipment |
standard guage and three coaches mar |
row guage; 22,979 total freight train |
equipment standard gauge and 80 mar
row guage; sos road service equip
ment and Is floating equipment.
The improvements and additions
charged to operating expenses amount
ed to $923,24456
From the traffic and mileage statis-
tics the following figures showing the |
total traffic of the company are TAX