Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-11-21
COAST LINE DIRECTORS
HOLD MEETING He RE
Dividend OF 3ls Per Cent on the
Common Stock L.
Declared.
REFERENCE TO NEW STATION
President Iicn!y Says Road Hopes To
Use u During First Quarter of
lois New Bridge Under Con-
~truCtiOn.

Directors OF the Atlantic Coast Line
Railroad Company yesterday afternoon
declared u dividend or 31-2 per cent
On the common stock OF the company,
payable January 10. 1918. TO stock
holders OF record December 20. This
action was no; entirely unexpected in
financial circles, but the rate of pay
mont 10 stockholders was greater than
had been anticipated because OF the
unsettled condition of railroads gen
orally. The annual meeting OF stock
holders was also held in this city. all
directors and officers being reelected.
stockholders made only two changes
VI the personnel Of its operating forces.
II. l., Borden. OF New York, secretary
and assistant treasurer OF the COM
ranr, was elected third vice president.
hut Will continue his former duties.
Joseph t. Kirby, OF Baltimore. was
macr second assistant treasurer.
Directors and officers OF the Coast
Line elected yesterday for the ensuing
year. are as follows:
observation-disclosures Walters. Baltimore:
George .. Jenkins, Baltimore: Waldo
Newcomer. Baltimore; Nj +. Plant.
Groton, Conn; +. Is Adams, Green
wich Conn: Warren Dclano New
York CITY; H. l.. Borden. New York
CITY; Fred w. Scott. Richmond: T.: Il.
Borden, GoldSboro. y. G.: Donald Me-
Wil'nington W. w. Mackall. Savannah
ohicers-H. Walters, chairman OF
the board. New York; J. Il. Kerly.
president, Wilmington; Lyman Dclano.
vice president, Wilmington: r. A.
Brand. second ce-prcsidcnt, Whining
ton: II. l.. Borden. third vice presidcnt
New York; II. l.. Borden. secretary and
assistant treasurer. New York: r. ID.
tronly. assistant secretary Whining
ton: T. +. Darden. second assistant
secretary. Wilmington; James r. Post,
treasurer, Wilmington; J. J. Michigan.
assistant treasurer. Baltimore: Joseph
+. Kirby, second assistant treasurer
Baltimore: George Il. Elliott, general
counsel, Wilmington; J.. Il. Albright.
general manager. Wilmington: w. j.
Craig. passenger traffic manager Will
minEton: James Mens!cs. freight at,ic
manager. Wilmington, and II. =. Prince,
comptroller. Wilmington.
The executive committee is COM
ros'd Of II. Walters chairman Of the
hoard: President j Il kcnly and
George Il. Elliott general counsel.
ENrECT TO USE NEW STATION
HERE EARLY ~ YEAR I3lS
Because of the change from the fiscal
1" tho calendar year :or the annual
report 20 stockholders. the board OF
directors recommended. and il was
adopted. that the annual meeting be
changed from November TO May. and
tho bylaws so amended.
President Kculy's annual rcpor, "a
stockholders showed a successful wear.
ln .onnccton with tho new JOINT pas
SenIcr station at Richmond. he said
The DEVELOPMENT and construction l.
making excellent progress. and il 10
h"nrd that TIA" building will be ready
i"r OPERATION in the hrs, quarter OF
as Th" cnlarGcmcu, Of frcich, "a.
elites a The Byrd Street station is
as" wei under way. and when com
rtte" VIII practically doubl" the re-
'HlNlns and delivery Warehouse snoca
"i the Coast Line in this city
Tho upper bridge across tn. lanes
h'Ncr owned half by tn" Richmond.
hEdeUckshurS and Potomac Railroad
company ana half hy this ro,nn,ry
haNin: become too light for our hcny.
icSt locomotives. and the now messenger
terminals requiring tho use Of his
nf'HSc by our through PASSENGER trains
contract 10 replace IL with , douhln.
tracked. rc-cnforccd concrete yiod,,c.
mas been let. and the worl. is nrorrcss.
ing as well Is could I've expected, said
Mr' N"niy' "Thc contract calls for
her !. 1915" w.
Stockholders were presenter ,,i,i,
income statement FOX tho ,waIv.
months ending With June 80 as com.
pared VIII The Strenuous wear. pnii.
Wy operating revenues totalcd $40
tuo,2o"' as compared with s3i.4as I'm
a. year; operating expenses. SO
1890 leaving an operating incorn. Of
'll'e2o'4S". as compared with 50 SOS cn.
last year. Net income for ~.
Hao.2oaIs6, as against ;7.75E. 5ac