The Birmingham age-herald., 1908-04-09
FULENW|OER LEAVES REALTY COMPANY Henry R. CarSe of New York
 Elected President JOSEPH A NEW DIRECTOR Report of Retiring President Fulen- wider Is Resume of Financial Ar
 fairs for the Past Five
 Years.
JOSEPH A NEW DIRECTOR

A. Al. Fulenwider retired yesterday from the presidency of the Birmingham Realty company. and Henry R. Carse Of New York was elected president The annual meo :ing of stockholders was held in the company's office on First avenue. Mr. Cars presided, and after the committee on proxies reported, routine business was transacted, including the reading of Pres ident Fulenwider's annual report and the election of 6 board of directors After MT. Fuenwider had presented his report he stated briefly that varied personal in- terests would demand all his time and that ne would not be a candidate for any office or position in the company.
 On motion the presidents report was
 read and ordered spread upon the min utes
 resolution was unanimously adopted
 indorsing the acts of the retiring admin i4tration.
 The following directors were elected without opposition:
 John M Caldwell, Henry R. carse, Gull pepper Exum, William Halls, Jr., M. V. Joseph, lex T. London, David Roberts, Henry G. Robinson and William Wood ward.
 As there was no discussion or speech making at the meeting. the stockholders
 wer4 in session less than half hour Among those present were William Wood
 ward, George B. Ward, Frank Nelson ! Jr,, Culpepper Exum M. V. Joseph, Ross c. Smith, Alex T. London, John London A. L. Fulenwder, w. H. Kettis, w. J.. Doh Tobn M CAld- well and Dr. George Fl. Stubbs. The board of directors Is the same as that of last year, with the exception Of
 NJ " Joseph who was elected In the
 place of MT. Fulenwider.
 On the adjournment of the steckhold- CTS the directors met and elected the fol- lowing officers:
 Henry R. Carse, president. William Halls, Jr., vice-president. l. c. Beatty, general manager Frank Norris secretary and treasurer. John London, counsel. The following were chosen as the ex- ecu a committee: David Roberts, M. V Joseph and Alex T. London. MT Carse, who was elected president of the company is assistant cashier Of the Hanover National bank of New York. He will remain in Birmingham until sat urday When asked after the board had adjourned if he had any statement to make concerning the future policy or
 the company Mir Carse said; There will be no change in policy The busi- ness of the company will be managed in the same conservative way that has char acterzed its administration in the past I will continue to reside in New York, but will visit Birmingham from time to
 time to look after the interests Of the company" It seems to be generally understood that MT. Carse accepts the presidency only temporarily. A number of Bir-
 mingham men have been mentioned Tn
 connection with the executive position,
 but regarding this matter Mir carse salc
 he was not prepared to make statement
 at this time.
 The report of the retiring president read at the stockholders meeting fol- lows:
 FulenWder's Report. To the stockholders of the Birmingham
 Realty Company:
 I beg to submit the following as my report covering the time from January l.