Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-13
SOUTHERN RAILWAY
HOLDS ANNUAL MEETING
Large Attendance OF Officials OF Rond
and Individual Stock
holders.
HARRISON SUBMITS REPORT
Reviews Depressing Conditions OF
Past Fiscal Year In South, and
Says Road Has Fought Losing
Fight and Won 1t.

The highest officials or the Southern
Railway, together with a large number
OF individual! stockholders from New
York and all sections of tho South
were in Richmond Yesterday for the
annual meeting of the stockholders. a
great majority OF the total capitaliza-
ton OF the company was represented
in person or by proxy.
Fairfax Harrison, president OF the
railway, Kobcr; Vi. Gallaway New
toik banker. and John w. Grant. Il
capitalist OF Atlanta, were reelected
Henry b. Spencer. vice president OF the
company, who was named to succeed
! the late Colonel a. Il. Andrews was
\ :l..r elected a director
n II his annual report President Har-
on called attention to the general
BUSINESS depression in the South. which,
s'' 'ES.I affected the revenues Of the
sou thcrn during the last fiscal year.
Ills figures as to finances show the
road to he in excellent shape, despite
tn" loss in earnings, and IL was stated
tAat the bonds and notes OF the COM
pany. issued for the purpose of maxi
ing permanent improvements. find q
ready market
HAS FOUGHT A LOSING
FIGHT AND WON IT
In concluding the review of the diff
Hculties and accomplishments OF tho
year tho report says:
There has nnver been wear OF
the company's history in which the
stockholders have had as much reason
tor pride and appreciation OF tho Of
hcers and employees, their work their
spirit. their loyal self-sacriace The
manner in which grave emergency
was met and dealt with illustrates at
its best that discipline which distn-
guishes true organizations from a
mere cooperative society.
/ Our organization, which has in re-
cent years been built and cemcnted
I ny strict adherence to the principle
/ OF promotion for merit and reliance
upon mon made on the road, who have
faithfully stood by during ali our
vtc!ssitudes. has proven in this year of
need the greatest OF tho company's as
sets, for it has fought losing n,ht
and won"
John Kerr Rrauch. Of Richmond. :.
director OF the Southern, gave n buffet
luncheon At the Commonwealth Club
Yesterday afternoon for President Har-
rison. The guests included the dircC-
/ tors of the road and other officials as
( we'll as several leading business men
/ Of the city.
In addition TO President Harrison
tho members Of the Soutnern's official
stan present at the meeting were II. T.
Spencer. vice-prosidcnt: T.. H. Coap-
man. vice president and general man
ag"r; II. w. Miller, vicc president. AL
fred +. Thorn, general counsel: a. H.
Plant, comptroller, II -. Arsley, treas
urer; +. : Wynn, secretary: j. H.
Drake, assistant secretary; c. T. A.
Mccarthy, assistant secretary: T., T.
lenrics, general attorney: j. G. Will
Hams. assistant to tn" president; T. H.
hcmpcr, assistant comptroller: II. H.
l'aughton, auditor; 7. l. Duke, assist
ant to comptroller: l.. j.. parham. as
SIstaht treasurer; l.. Green. freight
ra!ilc manager: w ~ Taylor, Dasscn-
ger trafiic manager, NJ Y Richards com
missioner of agricultural! and industrial
department; g. w Taylor, general
superintendent Of transportation: w
y. foreacre, general superintendent
t. t. Loyal general superintendent
/ u. r.. simpson, general superintendent:
j. II. Stanhel general superintendent:
~ Herman, chief engineer maintenance
{ OF way: j. liaincn. genera! supcrin-
'endent or motive power ana equip
ment.