Proceedings of the ... annual meeting of the stockholders of the Atlantic & North Carolina R.R. Co.

              REPORTS OF THE OFFICERS
OF THE
A. CS, N. C. R. R. CO.
1
1
TO THE STOCKHOLDERS
AT THEIR
51st ANNUAL MEETING
|: NEW BERN, N. C.
^71/ f r-
REPORTS OF THE OFFICERS
OF THE
A. C& N. C. R. R. CO.
TO THE STOCKHOLDERS
AT THEIR
51st ANNUAL MEETING
HELD AT
NEW BERN, N. C.
Thursday, September 28th, 1905.
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PROCEEDINGS.
New Bern, N. C, Sept. 28, 1905.
The fifty-first annual meeting of the stockholders of the
Atlantic and North Carolina Railroad Company was held at
the company's offices in New Bern, N. C, on September 28,
1905. The meeting was called to order by President J. W.
Grainger nominating J. E. Robinson as temporary chairman,
and C. L. Stevens and W. L. Arendell as secretaries.
The Proxy Committee submitted the following report
which was read and adopted:
New Bern, N. C., Sept. 28, 1905.
To the Stockholders of the Atlantic and North Carolina R. R.
Company:
Gentlemen:—We, your Proxy Committee, beg leave to re-port
that we have examined all the proxies presented to us
and find the following stock to be represented in person or
by proxy:
Shares. Votes.
Dempsey Wood 2631 752
Thomas Daniels 24 18
W. L. Arendell 6 4
W. W. Crawford 3 2
County of Lenoir, by Dempsey Wood... 500 56
County of Craven, by C. E. Foy 1293 135
County of Pamlico, by D. B. Hooker 202 2 6
L. Harvey 5 3
J. B. Arendell 1 1
T. A. Greene 9 4
R. Hancock 1 1
W. F. Chadwick 45 2 3
W. T. Dortch 5 3
State of North Carolina, by T. D. Warren. .12666 350
Total 17391 1278
Respectfully submitted,
HENRY R. BRYAN, JR., Chairman.
A majority of the stock being represented and twelve
stockholders being present, the meeting was declared organ-ized
and the temporary organization made permanent.
President J. W. Grainger read his report, which was
adopted. The reading of the reports of the other officers, on
motion, was dispensed with. The following directors were
elected on the part of the stockholders: E. C. Duncan, of Car-teret
county; Dempsey Wood, of Lenoir county; C. E. Foy.
of Craven county; Henry Weil, of Wayne county. T. D. War-ren,
State's Proxy, announced the following directors on the
PROCEEDINGS.
part of the State: J. W. Grainger, of Lenoir county;
L. P. Tapp, of Lenoir county; C. T. Watson, of Craven county;
W. D. Creech, of Wayne county; D. B. Hooker, of Pamlico
county; W. H. Bagley, of Wake county; C. M. Busbee, of
Wake county W. S. Chadwick, of Carteret county.
On motion of T. D. Warren, the by-laws were amended so
as to make the Finance Committee eight instead of five, six
of whom are to be elected by the stockholders and two by the
Board of Directors.
On motion of C. E. Foy, the following were elected as
Finance Committee on the part of the stockholders: George
H. Roberts, T. A. Greene, J. A. Meadows, W. L. Kennedy, R.
W. Taylor and L. Harvey.
The following were elected as Proxy Committee: L. G.
Daniels, H. R. Bryan, Jr., D. Oettinger, J. C. Parker, Dr. Henry
Tull, S. Wooten, and W. L. Arendell.
C: E. Foy offered a resolution instructing the directors to
enter suit to annul the lease of the A. & N. C. R. R. to the A.
& N. C. Company.
On motion of E. C. Duncan the resolution was tabled;
1121 voted to table, 231 not to table, Pamlico not voting.
On motion of T. D. Warren the president's salary was in-creased
from $100 to $200 per annum.
On motion the meeting adjourned.
JAS. E. ROBINSON, Chairman,
C. L. STEVENS,
W, L. ARENDELL,
Secretaries.
The Board of Directors of the Atlantic and North Caro-lina
Railroad Company met in regular session in the city of
New Bern, N. C, on Thursday afternoon, September 28, 1905,
at 2 o'clock. President J. W. Grainger, of Kinston, N. C, was
in the chair, and the following directors were present: J. W.
Grainger, L. P. Tapp, W. D. Creech, W. S. Chadwick, C. T.
Watson, W. H. Bagley, D. B. Hooker, Henry Weil, E. C. Dun-can,
C. E. Foy, and Dempsey Wood.
On motion J. W. Grainger, of Lenoir county, was elected
president for the ensuing year. D. J. Broadhurst, of Wayne
county, was elected secretary and treasurer, at a salary of
$300 a year. H. B. Holland, of New Bern, N. C, was elected
expert and auditor at a salary of $100 as expert, and $200 as
auditor. Col. P. M. Pearsall was elected attorney for the road
at a salary of $100. Col. A. C. Davis, of Goldsboro, and Geo.
W. Sumrell, of Kinston, were elected members of the Finance
Committee. The pay of the Directors was fixed at $10.00 per
day. A motion was passed appointing Henry Weil, W. S. Chad-wick,
and L. P. Tapp a committee to investigate the question
of extra allowances to the secretary and treasurer. On mo-tion
C. T. Watson was added to the committee on office build-ing.
The treasurer's bond was fixed at thirty thousand
PROCEEDINGS.
($30,000) dollars, the premiums upon the same to be paid
from funds in hand belonging to the A. & N. C. R. R. Co.
The following resolution was offered by W. H. Bagley,
and unanimously adopted, to-wit:
Resolved, That the president of the A. & N. C. R. R. Co.
request the management of the A. & N. C. Co. to furnish an-nual
passes to the State Proxy and to all other officers ap-pointed
by the directors and stockholders of the A. & N. C.
R. R. Co.
C. E. Foy introduced the following resolution, which he
stated at the time was offered at the request of W. F. Hill:
Resolved, By the president and directors of the Atlantic
and North Carolina Railroad Company in regular meeting as-sembled,
that an action be immediately instituted against the
Atlantic and North Carolina Company, formerly the Howland
Improvement Company, to annul the lease made to the said
Howland Improvement Company by the Atlantic and North
Carolina Railroad Company, and to recover possession of all
the property, improvements, rights and franchises, which said
lease purports to transfer; and the attorney for this company
be and is hereby instructed and directed to institute an action
for said purpose immediately.
On motion of E. C. Duncan the above resolution offered
by C. E. Foy was tabled.
On motion the board adjourned.
D. J. BROADHURST, Secretary.
PRESIDENTS REPORT.
New Bern, N. C, Sept. 28, 1906.
To the Stockholders of the Atlantic and North Carolina R.
R. Co.;
Gentlemen:—We submit herewith the annual report of
your company for the fiscal year ending the 31st day of August,
1905, which was the first year under the lease of your road.
The fiscal year under the lease began September 1st, 1904,
that being the date when the lease of your property was ex-ecuted
to the Howland Improvement Company. However the
period between the 30th of June and August 31st, 1904, under
the management and operation of President Bryan's adminis-tration,
and not included in his report, before your road was
leased, has been brought forward and all items fully accounted
for in auditor's and treasurer's reports.
When we took charge of the affairs pf your company we
found a large volume of unsettled business—more than was
anticipated. Many claims and suits were pending against the
road, running back for years. The item of suits alone aggre-gated
ore hundred and fifty-five thousand five hundred seventy-nine
dollars and forty cents ($155,579.40), the larger part of
which has been compromised and settled. We found more
than 2,000 unsettled claims (of all sorts and sizes) outstand-ing
against the road ; a great majority of which have also been
adjusted and cancelled. Many of these suits and claims were .
in a complicated condition, requiring much work and time for
their adjustment. There are still pending two or three suits
of some consequence, and quite a number of claims yet un-settled,
which are being adjusted as rapidly as well can be
done. The large number of suits and claims accounts largely
for the seemingly extraordinary amount of attorney's fees.
Besides these suits that were pending arising out of the opera-tion
of the road, came up the well-known Cuyler suit in the
Federal Court. In this case the attorney's fees and the court
costs amounted to about $2,500, which we have paid.
That clause in the lease to the Howland Improvement
Company, lessee of your road, reads as follows, "from Septem-ber
1st, 1904, to December 31st, 1904, the sum of thirteen
thousand four hucdred seventy-nine dollars ($13,479.00),
which shall be paid on or before the 1st day of February, 1905,
and twenty-six thousand nine hundred fifty-eight dollars ($26,-
958.00) on the 1st day of July, 1905" od rental. These
amounts were paid by the Howland Improvement Company
when they became due, and your directors ordered these respec-
PRESIDENT'S REPORT.
tive payments disbursed in dividends to the stockholders of
your company . And the lessee has also paid into the hands of
your treasurer, as per contract under the lease, the interest
accruing on the bended debt of the Atlantic and North Car-olina
Railroad. And for the faithful payment of all rents,
taxes, and other obligations assumed by the Howland Improve-ment
Company, lessees of your road, they are under contract in
the lease to deposit a sum amounting to $100,000 in United
States bonds or bonds of the State of North Carolina or other
securities, acceptable to the directors of your company. This
deposit has been made by the lessee in six per cent coupon
bonds of the Stato of North Carolina, maturing April, 1919,
placed in the Wachovia Loan and Trust Company, of Winston-
Salem, N. C.
For > on r further information as to the Howland Improve-ment
Company's complying with the terms of the lease, you
are invited to examine the detailed report of the expert exam-iner
of your road, which report is herewith attached.
I trust that you will examine the reports of the officers
of your company and familiarize yourselves with all receipts
and disbursements of moneys and all other matters of interest
connected with the management of the affairs of your com-pany.
Respectively submitted,
J. W. GRAINGER, President.
ANNUAL REPORT OF EXPERTS APPOINTED TO
EXAMINE
A. &. N. C RAILROAD,
For Year Ending Sept. 1st, 1905.
Goldsboro, N. C, Sept. 1, 1905.
MR. F. S. GANNON, Vice President A. & N. C. Co., 621 Broad-way,
New York City; MR. J. W. GRAINGER, President
A. & N. C. R. R. Co., Kinston, N. C:
Gentlemen:—We have to report that we have made the
examination of the Atlantic and North Carolina Railroad, from
Goldsboro to Morehead.
We find the road to be very much improved since the date
of lease. All bridges and waterways have undergone repairs,
and preparations are being to further improve and strengthen
bridges and trestles. The bridge across Neuse River, near Kin-ston,
is to be replaced by a heavier steel structure. Contract
has been let for and immediate work is to be begun on a bridge
from Morehead City to Beaufort. This will extend line to
latter place. There have been 45,467 new cross ties put in
road, 10,040 feet of new siding constructed, one new water
station erected at Falling Creek, six new passenger coaches
purchased, three new express cars, one hundred and ten box
cars, ten flat cars, ten gondolas, seven new log cars; seven
condemned tubular cars have been rebuilt. Locomotive No. 9
has been rebuilt with new boiler. Repairs on all locomotives
and rolling stock have been kept up to standard. All locomo-tives
have been changed from wood to coal burners, greatly
improving the service. There have been distributed and laid
about 16 miles of new 60-lb steel rail. The improvement along
the entire line is marked, and there are evidences of much
greater and more substantial betterments for the coming year.
The following list shows in detail the more important bette-ments
since the lease, and the cost of same:
DEPOTS AND BUILDINGS.
Falling Creek, N. C, addition to station $ 141.50
ROADWAY DEPARTMENT.
New rail laid up to Sept. 1, 1905 $51,708.56
Cross Ties: Number new ties in main line,
Section 1 3,467
Section 2 2,714
Section 3 3,028
Section 4 4,824
Section 5 1,694
EXPERT S REPORT
Section 6 1 5,891
Section 7 2,798
Section 8 2,585
Section 9 3.444
Section 10 5,574
Section 11 3,939
Total 39,921
Number new ties in side tracks 5,5 4 6
Total number new ties 4 5,4 67
New sidings constructed, number feet 10,040
Cost of new sidings ? 8,421.63
Location. Lengtb. Cost.
Cove 1,645 $ 1,148.59
Kinston 490 37169
James City 375 107.01
James City 1,532 1,665.01
Morehead City 120 52.22
Millers Siding 320 315.47
Harveys Siding 390 270.06
Duffys Siding S75 751.33
Elm City Siding 405 344.10
Blades Siding 358 380. S6
Kinston (Shine street) 3,000 2,510.93
LaGrange (Tobacco Works) ... 60 48.28
Stony Creek 480 456.42
Bridges and Trestles:
Number of feet lumber used in repairs 189,000
Number piles used in repairs 331
Cost old pile, trestle renewing, renewing old bridge
etc., to Stony Creek and Jack Smith Creek. . . .$ 1,526.72
Culverts, Waterways
The following culverts have been closed and replaced
by rails, iron or terra cotta pipe and masonrv, viz:
Nos. 3, 4, 6, 8, 9, 14, 15, 16, 18, 19, 24, 28, 29, 30,
31, 32, 33, 34, 35, 42, 46, 48, 51, 56, 57, 58, 59, 62,
64, 65, 71, 82, 92, 93, 95, 103, 112, 132, 160, 136,
127, 98, and 102, total 43 at a total cost of $ 4,773.92
Wattr Station:
Erected new water station at Falling Creek $ 8 6 6.11
MECHANICAL DEPARTMENT.
Shops: New bolt cutting machine, cost $ 554.53
NEW EQUIPMENT.
Six coaches, Nos. 30, 31, 32, 33, 50, 51; three ex-press
cars, Nos. 10, 11, 12 $41,956.00
Sixty box cars, 1000 to 1049, and 1100 to 1109.. 3s|sOo'oO
Fifty box cars, 1050 to 1099; ten flat cars, 550 to
559; ten gondolas, 471 to 480 45,000.00
Seven new log cars, 800 to 806 1,400.00
Seven condemned tubular cars rebuilt 594.74
SUMMARY OF EXPENDITURES FOR PERMANENT BET-TERMENTS,
EQUIPMENT, ETC.
Depots and Buildings:
Adtition to station, Falling Creek. ... $ 141.50
Mechanical Department:
New bolt cutting machine 554.53
New Equipment:
EXPERT'S REPORT.
Six coaches, three express cars 41,956.00
110 box cars, 10 flat cars, 10 gondolas. 83,800.00
Seven new log cars 1,400.00
Seven tubular cars rebuilt 594.74
Roadway Department:
New sidings 8,421.63
New water station, Falling Creek. . . . 866.11
Culverts 4,773.00
New rails, fastenings, switches $51,708.56
Less value of old rail 30,000.00 21,708.56
$164,216.07
Amount required by terms of lease for one year 83,333.34
Amoont expended in excess of reqoirements $ 80,882.73
Respectfully submitted,
R. P. FOSTER,
Expert A. & N. C. Co.
C. DEWEY,
Expert A. & N. C. R. R. Co.
REPORT OF THE FINANCE COMMITTEE.
To the Stockholders of the Atlantic and North Carolina R. R.
Company:
We submit herewith the following report of the financial
condition of your company as shown by the books of the treas-urer,
M. Manly, July 1st, 1904, to October 30, 1904.
Received from all sources $ 98,780.09
Balance from June 30, 1904 18,131.01
$116,911.10
Paid approved vouchers $110,798.63
Balance on hand " 6,112.47
$116,911.10
We herewith submit the following report of the Financial
condition of your company at the close of the present year
ending August 31st, 1905, as shown by the books of the treas-urer,
D. J. Broadhurst. The cash receipts, disbursements and
balances are as follows:
Received from M. Manly, general fund.$ 3,700.00
Received from M. Manly, general fund. 613.47
Received from M. Manly, old dividend. 1,799.00
Received from Howl'd Imp. Co., sups. . 31,052.64
Received from agents and traffic bals. 6,789.70
Received from Howl'd Imp. Co., rentals 44,930.00
$88,884.81
Disbursed on old dividend $ 132.00
Disbursed on dividend of Dec. 30, 1904 17,608.00
Disbursed on real estate (paid notes) . . 2,000.00
Disbursed on bills payable (paid notes) 15,000.00
Disbursed on general accounts 25,439.94
Disbursed on dividend of Aug. 1, 1905 26,041.50
Balance cash on hand , 2,663.37
$S8,884.81
Respectfully submitted,
G. H. ROBERTS,
J. A. MEADOWS,
W. L. KENNEDY,
T. A. GREEN,
Committee
TREASURER'S REPORT.
Goldsboro, N. C, Sept. 19, 1905.
To the President and Board of Directors of the A. & N. C. R.
R. Company:
I submit the following statement of receipts and disburse-ments
by me as treasurer of said company, covering period
from Sept. 22d, 1904, to the close of Aug. 31st, 1905:
RECEIPTS.
From M. Manly, former treasurer $ 4,313.4 7
From M. Manly, former treasurer, old dividend fund 1,799.00
R. W. Taylor, account Atlantic Hotel 979.71
U. S. Postoffice Deparement 2,3 68.20
Howland Improvement Co., for supplies on hand at
time of execution of lease (inventory) 31,014.71
Howland Improvement Co., rents less interest, State
county and municipal taxes 38,953.44
Howland Improvement Co., old organization account 1,100.00
Howland Improvement Co., collected from agents
A. & N. C 3,072.28
All other sources 5,2 84.00
Total $88,884.81
DISBURSEMENTS.
B. R. Lacy, state treasurer, corporation and mileage
tax for 1904, $1,935.75 and $475.00 $ 2,410.75
National Bank, New Bern notes 6,084.16
Citizens' Bank, New Bern notes 9,034.33
J. H. Hackburn, notes 2,000.00
Suits in Superior Court, Craven and Carteret coun-ties,
settled 3,333.00
Suits in U. S. Court (Cuyler) 904.92
In settlement for the two State Guards killed at
Stony Creek bridge, 1904 1,500.00
General counsel \ 93 3.13
Other attorneys' fees 3,112.00
Paid treasurer 2 81.67
Paid auditor 837.50
Paid dividend declared prior to Sept. 1st, 1904... 132.00
Paid dividend declared payable Dec. 31st, 1904... 17,608.00
Paid dividend declared payable August 1st, 1905.. 26,051.50
Miscellaneous claims 12,00 8 48
Balance in hand 2,653.37
$8S,884.S1
I also report that the interest coupons due January, 1905,
on bonded indebtedness of the A. & N. C. Railroad Company,
paid by the Howland Improvement Company as provided for in
the lease, have been turned over to me, amounting to to
$9,750.00.
I further report that the deposit of $100,000 or its equiva-lent
in Government or State bonds as required by lease, to be
made by the Howland Improvement Company, is held by the
Wachovia Loan & Trust Company, of Winston, North Carolina,
and consists of eighty N. C. 6 per cent construction bonds.
Respectfully submitted,
D. J. BROADHURST, Treasurer
EXPERTS INVENTORY OF ROLLING STOCK, EQUIP-MENT,
ETC., OF A. & N. C. R. R. COMPLETED
MARCH 31. 1905, AND SHOWING TOTAL
VALUATION TO BE $328,216.99-
March 13, 1905.
MR- MARSDEN J. PERRY, President,
Howland Improvement Company, Lessee.
MR. J. W. GRAINGER, President,
Atlantic and North Carolina R. R. Company.
Gentlemen: We, the undersigned experts, appointed on
the part of the Howland Improvement Company, Lessee, and
the Atlantic and North Carolina Railroad Company, to take
a complete inventory of the rolling stock, equipment, stations,
depots, tools, and all other property belonging to the Atlantic
and North Carolina Railroad Company, and leased to the How-land
Improvement Company, September 1, 1904, herewith sub-mit
our report, as follows:
TRACK: Ninety-five miles of main line, of which we find
81% miles of 50-lb steel with one angle plate and one fish bar;
8 miles of 5 6-tb rail with one angle plate and one fish bar to
each joint; 6% miles of 60-Ib rail with two angle plates to
each joint; condition of rail, fair. Sidetracks about 1-3%
miles (for exact measurement, see blueprints to be filed as
supplementary report.)
TELEGRAPH LINE: Ninety-five miles, one wire, in fair
condition; about one-third of the poles need renewing.
TIES: The road is laid with pine ties, of which 35 per
cent are good and sound, 35 per cent in fair condition, and
30 per cent very poor.
BRIDGES AND TRESTLES: We find IS bridges and
trestles, the condition of which is barely fair and a majority
of which will need repairs at an early date. (Fordetailed de-scription
of length of bridges and waterways, see blueprints
to be filed as supplementary report.)
SMALL OPENINGS IN TRxlCK: We find 147 small
openings in track, the condition of which is the same as the
bridges.
ROADBED: The roadbed, generally speaking, is in good
condition.
MISCELLANEOUS: For condition of cars, equipment,
buildings, etc., see itemized inventory giving the valuation of
each. For location of buildings and sidings, see blueprints
filed as supplementary report.
Respectfully submitted,
R. P. FOSTER,
Expert for Howland Improvement Co.
C. DEWEY,
Expert for A. & N. C. R. R.
. .
Atlantic
General Exhibit of Earnings and
and NortK Carl
income: \
Expenses from July 1 ,
(July id
Dr.
TO AMOUNT OF EXPENSES.
For Maintenance of Way and Structures.
For Maintenance of Equipment
For Conducting Transportation . . .
For General Expenses
$ 5,097.16
6,027.67
17,246.74
4,262.16
I
I
I
l
$32,633.73
11,901.09 ]
$44,534.82 L
12,123.65
For Total Operating Expenses ...
For Fixed Charges (interest and taxes. .
For Total Operating Expenses and Fixed
Charges ,
Net Earnings from Operation (2.mos).
1
$56,658.47 f
i
I
i
To Atlantic Hotel Improvements
To Real Estate and Wood Land
Total Pedmanent Improvements and
Real Estate ....
$ 875.89
91.00
!3
i
$ 966.89
11,156.76
$12,123 65
Balance
Expenses Since the Lease (September 1
TO AMOUNT OF EXPENSE.
For Maintenance or Way and Structures
For Maintenance of Equipment.
For Conducting Transportation..
For General Expenses . .
$ 2,928.22
1,298.08
15,583.01
5,942.23
1
i
$25,751.54
7,000.71
For Total Operating Expenses. . For Fixed Charges (interest & taxes) .
$ 257.85
25.30
442.11
1,829.08
2,100.00
Atlantic Hotel Improvement
$32,752.25
4,654.34
New Depot Bests . New Sidings
New Shops, Machinery . .
Real Estate and Wood Land
Total Permanent Imp and Real Estate
1
Total Operating Expenses, Fixed
Charges and Imp. .
Dividend to Stockholders
$37,406.59
17,986.00
.
1
1 P55.392.59Ji
1
ina Railroad Company.
ACCOUNT.
1904, to August 31st, 1905, Inclusive, (Fourteen Months)
August, 1904.)
JY AMOUNT OF EARNINGS.
?rom Passengers $29,419.17
L.ess Repayment (ticket re-deemed)
j fiom U. S. Mail 1,576.47
^rom Express I 2,857.06
rom Total Pass. Earnings..!
from Freight Earnings $24,447.90
jess Repayment (O-C to I
Shippers) I
Cr. Toal
Earnings Deduct Acual
Earnings
"rom Total Passenger andl
Freight Earnings I
'rom Rents
'rom Other Sources
j
Total Gross Earnings I
from Operation . .
$ 159.38 $29,259.79
4,433.53
$33,693.32
1,583.171 22,864.73
|$56,558.05
93.16
7.26
$56,658.47
y Net Earnings from Op'n, |$12,123.65
$12,123.65
1904) Applicable to Period Prior t Lease.
3y Balance from Operating July and August 1$ 11 156 7 6
**xT»ii'fr..?.??** for juiv Hv«\!. I '*'l,Zot).Oi?
$55,392.59
SUMMARY.
LOO, 894. 301.
.Total Gross Earnings |$ 5 6,658.4
. . . .Toral Expenses
Balance ....
-00,S94.30i
44, 235. S3
$100,894.30
Expenses in Detail From July 1st. 1904 to August 31st, IOJ05. (Inc. 14 months.) (Sept. 1st, 1904 to Aug. 31st, 1905
HEADS OF ACCOUNTS
e of Way and Structun
JULY AND AUGUST 1904
N«i» work ; °B2?J»
Repairs of Roadway
Renewals of Ties
Repairs of Bridges and Culverts
Repairs Kernes, Crossings. Catlle
IS 3,172.951?
762.51
634. 2S
S 2.133.02
255.90
2sr,.ni
71.341
2A.S0|
2,133.92
255.90
285.49
S 5. (197. 16 $ 5,973 M5 $
Re s it Locomotives. . .
Repairs of Passenger Cars.
Repairs of Freight Cars. . .
IT, 7 8 5
35.311
442. ll|
725.2 6]! 2,92 ".22j$ 3.653;.|S||$~976T6
I.ss9.r.:j
2.101.55
697.76
64.51
2,
$ 6. 027. 07 S 0.027.67"$ 1.S29 IIS|$ 1,2
I.2S9.19
203.32
1,729.10
295.00
15.00
113.35
$17.24i: 74|$17,246.74
ra & Committees,
id Wood Land. . .
ock holders
Fixed Charges (Int. and Taxes)
.
f '.l| llll S I .262 Hi S 4
11.901.09 11
., 1)99.42
745.111)
1S7.52
$ 2,109.00
J£j» 86.00
$20,086
General ICxtiet'sr: S 91 $10, 10::, 25 $10, 254 2.", $2".iim $12,9
60.00
490.09
396.511
168.56
08 $ 3.127.16
3.70
1.319.07
723.42
35.32
914. us
11)6.44
2113.25
5.01.1
1,680 5 I
I 12.98
1,681.96
10.001
2.760.25
5.464.25'
86.
5.00
10.60
7.501
149.911
107.25
166.9(1
5.097.161.
6.027.64]
17.246-74| .
1 of Way and Structu
. Maintenance of Eqni|)ment
.
.Condition of Transportation.
General Expenses
1,288 ns
15.583.01
6,942 23
Totals $ 5
s 2 5 7 5 1 6 1
7.000.71
$ 32.752.25
1.651 3 1
IT. use, 1111
RECAPITULATION.
... Prior to Lease
.... Since Lease
3tal Way and Structure. . .
Maintenance of Equipment
.Total Conducting Transportation
.Total General Expenses.
.Grand Total.
in 815.5s:: in S32.S29 7:,
1.652.61
169.09
3 9 2.911
403.50
•il $33,112'. 9 I $ 19,2X3 19
LIST OF STOCKHOLDERS
OF THE
Atlantic & North Carolina Railroad Company.
The following is a list of the stockholders of record of the
A. & N. C. Railroad Company as appears on this day, from the books
of said company:
Abbott, S. H
Andrews, A. B . . . .
A. C. L Co. of Conn
Arendell, B., est of.
Arendell, M. F., est
Arendell, W. L., est
Abernethy, C. L. . .
Adams, B. B
Adams, Gaston T. .
Arthur, W. L
Batcheller, J. B . . .
Battle, R. H
Bell, C. C
Bell, Mary F
Bell, Stancil C. . .
Bell, W. J., Jr. . . .
Best, M. J
Bryan, J. R
Bryan, Jas. W. . . .
Bryan, Mary S., est
Bryan, Mary W., est
Bryan, O. W., est.
Bryan, Washington.
Bryan, C. S., Tr for
G. McW
Bryan, C. S., Tr. for
M. S
Bryan, C. S., Tr. for
M. N
Buck, Fannie A. . .
Busbee, F. H
Busbee, C. M
Biddle, J. W |
Bizzell, J. W
Bizzell, J. S
Bizzell, M. E
Bizdell, K. E
Boney, D. E
Boney, G
Bonev, G. J
Boney, W. J ..... .
Borden, E. B
Borden, J. L
Bowden, W. B . . . .
Bray, Alice E . . . .
Brock, R. M
2 1
1 1
8 4
1 1
5 3
1 1
1 1
1 1
3 2
3 2
1 1
1 1
1 1
1 1
1 1
1 1
1 1
13 6
1 1
1 1
8 4
1 1
3 4 10
3 2
1 1
1 1
21 8
2 1
1 1
6 3
1 1
1 1
1 1
1 1
1 1
1 1
8 4
3 2
1 1
1 1
1 1
Brown, F. B . . .
Bryan, A. McW
Bond, Fidelity
Bryan, Jas. A. .
Bryan, Chas. S
Branson, Mrs. C
Branson, Mrs. W
Blades, W. B . .
Briggs, Willis G
Britt, W. G. . .
Bagley, W. H. .
Baxter, Joseph J
Brooks, F. F. .
Caho, W. T. . . .
Canady, B. W.
Carraway, J. R. B
Carraway, Kate L
Carraway, L. E. . .
Carraway, J. R. B
Tr. for R
Carrow, est S. J . .
Chapin, Wm. H., est
Charlton, G. W., est
Clarke, H. J. B., est
Clarke, W. W. . . .
Cronly, R. D
Cutler, Addie H. .
Cutler, B. B
Cutler, L. H
Cutler, L. H., Tr for
L. H., Jr
Cutler, Fannie . . .
Cutler, Laura D. .
Cuyler, Agnes ....
Cuyler, John P. . .
Chadwick. Annie D
Collins, Plato
Chadwick, Mrs.M.F
Chadwick, Mabel . .
Chadwick, W. S. . .
Chadwick, W. G . .
Chadwick, L. B . . .
Collier, W. O., est.
Cox, Albert G
Cox, E. F
Cox, Eliza H
1
12
2
15
12
2
1
1
4
1
5
1
1
1
1
1
1
1
1
1
1
1
1
1
3
12
1
9
1
2
1
19
37
1
1
10
10
10
10
5
1
1
1
1
LIST OF STOCKHOLDERS.
Cox, Jas. G
Cox, Jas. W
Cox, Mary Ann ....
Crawford, W. W. .
Daniels, J. W
Dill, W. F
Dixon. Geo
Dixon, D. V
Dortch, H. P
Daniels, Mary C. .
Daniels, Ruby B. .
Daniels, Thos
Daniels, L. G
Davis, A. C, Jr. . .
Davis, Geo
Davis, Jas. C
Davis, J. Henry. . .
Davis, Mollie D. . .
Davis, D. R
Dees, Geo
Dees, J. T
Dewey, Chas
Dewey, C, Tr. Em
Dewey, C, Tr. G. S
Dewey, C, Tr. T. A
Dewey, CTr.Hat.
Dewey, C, Tr.Han
Dill, J. R
Dill, Samuel L
Dunn, Henry
Dunn, Janie B
Dunn, Mary J
Dunn, William .
Dortch, I. F., ext
V. S
Dortch, W. T . . .
Duffle, Walter .
Duffle, Walter est
Duffle, Chas . . .
Duffle, Sophie B
Duncan, J. A. . .
Duncan, W. B . .
Duncan, E. C. .
Duncan, E. C, tr
Duncan, E. C, tr
E. C, Jr
Duncan, E. C, tr
C. L., Jr..
Duncan, E. C
W. B., Jr. .
Duncan, D. J.
Dunn, D. R..
Dunn, E. C. .
Dunn, Willis O.
Daugherty, J. E
Duncan, Alma S.
Davis, Clara A. .
Dunn, Mrs. S. W
s V
1 1
2 1
3 2
3 2
1 1
1 1
3 2
1 1
1 1
1 1
1 1
7 4
5 q
5 3
40 10
1 1
1 1
1 1
5 Q
1 1
2 1
5 O
1 1
1 1
1 1
1 1
1 1
1 1
1 1
1 1
5 3
5 3
1 1
1 1
5 3
1 1
1 1
2 1
5 o
5 3
10 5
53 11
22 8
21 8
34 10
33 9
5 O
5 3
6 3
5 3
1 1
31 9
3 2
1 1
De Hart,, Leo
Edgerton, J. B . . . .
Edwards, John W.
Ellington, Ethel J.
Fields, Burnice. . .
Fields, Wheeler M.
Fort, W. B
Foy, Agnes C
Foy, A. E
Foust, J. H
Fife, W. P
Finley, Chas. B . . .
Fonvielle, I. B. . . .
Foy, A. G
Foy, Claudeus B. .
Foy, C. E
Foy, Mrs. C. E. . .
Foy, Chas. S
Foy, D. F
Foy, E. A
Fairboine, Thos., es
Faircloth, J. B., est
Fields, John, Jr
Fields, Mrs. Bettie
Fields, Lillian . .
Foy, H. A
Frankinfield, H. G
Franklin, J. R., est
Fulford, W. B.
Finlayson, Mrs. H.L
Finch, K. S
Garner, L. A . . . .
Garner, Samuel M
Gaskins, N. B . . .
Gaskill, Joseph .
Gibson, P. H. . . .
Giddens, L. D. . .
Giddens, R. I. . .
Gordon, J. W. . . .
Grainger, Henry.
Grainger, H. F., est
Grainger, J. W. . .
Grantham, D. A.
Grantham, J. W
.
Grainger, W. P. .
Gray, C. L
Gray, J. E
Green, Geo., Tr. for
A. D. G
Green, T. A., Tr. for
W. H. G
Grimsley, W. P., est
Grist, Franklin R
Guess, W. W. . . .
Guion, O. H. . . .
Guion, O. H., Tr for
Rodman
Guion, O. H., Tr for
12
o
1
1
1
1
11
12
5
1
1
1
5
10
70
1
2
1
1
2
1
1
1
1
1
1
1
1
1
47
2
1
1
10
3
2
1
1
1
1
5
1
1
1
3
1
5
5
16
1
15
LIST OP STOCKHOLDERS.
NAME.
J. A
Guion, 0. H., Tr for
P. R
Guion, O. H., Tr for
O. H., Jr
Guion, Mrs. P. R. .
Gulley, L D
Griswold, W. J . . .
Grady, N. H
Gray, M. O
Gray, T. D
Green, John C. . . .
Green, T. A
Green, Geo
Green, Geo., Tr G.
G., Jr
Grady, Ora B
Guion, O. H., Tr.
.
S. R. G
Grimsley, Mrs. C . .
Hackburn, E. B . .
Hahn, J. L
Hahn, M
Hall, A. E
Hall, W. G., est. . .
Hill, Isaac S., est. .
Hill, John B
Humphrey, L.W.,est
Hilton, Daniel. . . .
Hancock, Robt. . . .\
Hancock, R. D. . . .
Haff, J. F., est. . .
Hanks,, J. B
Harper, Henry D.
Hadley, Maud M. .
Harrison, J. M. . . .
Harrison, M. E . . .
Hart, Leo D
Harvey, C. F
Harvey, Chas. F. .
Hasket, J. P
Hatch, G. K
Hatch, Jas. R. . . .
Hay, Robt. C
Henderson, Carrie
Henry, Walter . . .
Henry, David P. . .
Henry, Emma J . . .
Herring, Wm. I . .
Hyatt, John
Hyman, T. B., est.
Harvey, L
Hutton, P. C
Hodges. J. M
Hodges, F. R
Holman, S. W. . . .
Holman, W. C . . . .
Home, A
Haskins, B. J. . . .
V NAME.
1
1
1
4
1
1
3
1
1
1
1
2
1
1
1
1
1
1
1
1
1
1
1
1
1
2
2
1
1
1
1
1
1
V2
i
i
i
i
i
i
3
1
1
1
1
1
1
1
Howard, Geo
Howard, J. J
Hughes, J. B
Hammond, Edward
Howland, R. S. . . .
Holt, E. J
Hurtt, D. W
Hutchinson, C. G
Haywood, Ernest.
Hoit, Thos. J. . . .
Hewitt, F. D., . .
Holt, Wm. P. . . .
Holt, S. I
Holt, Richard R.
Holt, Wm. N. . . .
Hill, W. F
Hammond, Emily P
Hughes, P.'W
Hunter, Wm
Hodges, D. W. . . .
Hutchinson, Henry.
Hutchinson, John.
Hutchinson, J., Jr.
Hutchinson, Maria S
Hutchinson, W. B.
Ipock, W. G
Ireland, David . . .
Isler, S. W
Ives, Geo. N
Ives, C. L
Irvin, Clara A. . . .
Irvin, G. P., Ex. . .
Jackson, J. Q. . . .
Jarvis, T. J
Johnson, Alex. . .
.
Jones, Harry ....
Jones, T. W
Jones, W. G
Jones, J. B
Joynei', Addie N. .
Joyner, J. Y
Joyner, John
Joyner, Laura
Joyner, John P . . .
Joyner, J. Y., Gd
for J. W
Joyner, J. Y., Gd
for W. T
Jackson, Jesse. . .
.
Kornegay, W. P. .
Koonce, John B . .
Keller, Thos. P., est
Kennedy, A. T., est
Kennedy, W. L . . .
!
Kinsey, R. B
Kirby, G. L., est. .
Kirby, Mrfs. M. E.
Kornegay, Mrs. D.O
Kornegay, G. E . .
6
2
27
7
2
2
1
1
5
2
1
2
1
1
1
2
17
2
1
1
1
1
1
1
1
1
1
1
1
1
12
4
1
1
5
1
1
1
1
1
2
1
1
10
1
1
5
1
2
1
II
1
LIST OF STOCKHOLDERS.
NAME. NAME.
LasgKver, Jesse M.
Latham, C. H., est
Latham, Julia A.
Lane, B. P. . .
Lathrop, M. A
Lee, Henry. . .
Lodge, Euph'a, est
Loftin, Jail. . . .
Long-, Wrn. S . .
Lathem, S. W.
Lathem, J. E. .
Litchford, Ann.
Marks, Mrs. Fannie
Marks, Ella R. . .
Martin, H. P. . . .
McCain, D
McCoy, Fred, est.
McCoy, W. G., est
McDowell, Chas. £
McGowan, J.C.&S
McGowan, J. S
Meador, S. C. .
Meadows, J. A
Metts, Sarah E
Metts, W. P..
Mewborn, John F
Mewborne, T. W
Miller, Alex.", Jr
Miller, A. R...
Miller, J. F. . . .
Miller, Martha, est
Mitchell, S. E., est
Moore, R. W . . . .
Moore, W. H. . . .
Perry, B. L., adm
Perry, D. E., est.
Mallison, T. H
Manly, Mat . .
Marks, M. M.
Marks, O . . . .
Moseley, H. E
Marks, 0.,Tr.H
Marks, O., Tr.H
Marks, O., Tr. B
Morehead, J. L
Morehead, L. L
Morehad, M. W
Moye, Macon, est
Murdock, W. A.
McGill, Mrs. C. S
Mutual Sav. & Dep
Bank .
.
Murphy, Mrs. L. L
Nosan, Adelbert N
Nelson, M. D. . .
Noble, A. M. . . .
Noble, Izzariah .
Osgood, Hannah
Oettinger Bros. .
B.M
L
E
12
1
1
1
4
5
1
2
1
1
1
1
2
1
2
1
4
4
6
1
1
5
1
1
1
1
1
1
1
1
1
1
2
2
1
1
1
1
1
1
12
2:1
12
1
3
12
15
3
1
12
1
1
%
1
Oliver, J. F
Oliver, Mrs. M. L
Oglesby, Mary Lee
Ormond, I. F
Palmer, A. B., est
Parker, T. B
Parrott, J. A., est
Parrott, J. M . . .
Peterson, J. E. .
Phillips, R. A..
Piggott, E. J. . .
Pollock, Kate . .
Pope, W. J
Porter, John. . .
.
Porter & Godwi
Powell, D. A. . .
Pridgen, J. A. . .
Primrose, Eno., est
Primrose, C. S. .
Primrose, H. S. .
Primrose, R. S. .
Patrick, D. W. .
Perry, J. W. . . .
Perkins, W. W. .
Perkins, J. J. . .
Phillips, Henrietta
Richford, Geo. C
Roberts, F. C. .
Richardson, E. S
Richardson, H. V
est
Roberts, G. H
Roberts, G. H., Tr
G. H., Jr
Roberts, H. J . . .
Roberts, L. C. . .
Robinson, Geo. J
Robinson, J. J. .
Rosenthal, Joe. .
Rosenthal, E. W
Rountree, Alice E
Rouse John . . .
Rouse, N. J. . .
Rouse, Thos. R
Russell, L. T. .
Russell, R. A. .
Rouse, Mrs. M. R
Richardson, G. V
Rodgers, John R
Raleigh Sav. Bank
Sawyer, W. H
.
Short, H. B. . .
Simmons, F. M
Slocumb, J. C.
.
Smith, C. G. . .
Smith, John D.
Smith, W. H. .
Spicer, J. D. . .
Stanley, E. R., est
LIST OF STOCKHOLDERS.
NAME. V NAME.
W
est
al
Stanley, W. F.
Stedman, J. H.
Sanderlin, Mrs.E
Saunders, E. W.
Stewart, J. W.
Sumrell, G. W.
Sutton, J. W. .
Stanton, D. M.
Strudwick, E . .
State of N. Car
Sutton, E. L. . .
Sutton, Herman
Styron, L. F. .
Sutton, Wm . .
Swindell, J. H.
Sumrell & McCoy
Sutton, Ruth
Sugg, W. D
Strange, Robt., et
trus
Street, N. H . .
Styron, Inez . .
Taylor, R. W. .
Taylor, W. T. .
Taylor, J. F . . .
Thomas, C. R. .
Thomas, W. E.
Thomas, W. G.
Thorpe, E. J. .
Tolson, Finetta, est
Tomlinson, Finley S
Tucker, F. P. . .
Tull, Henry . . .
Walters, H., Tr.
Walters, H., Tr.
Walters, H., Tr.
Washington, Geo
Waters, H., Sr. .
Waters, W. R. .
Watkins, B. B. .
Watkins, J. C . .
Webb, W. M. . .
Whitaker, F. A.
Williamson, Wm.
Weil, Henry . . .
Weil, H., Tr. for
L. W
Weil, H., Tr. for
M. W
Weil, H., Tr. for
G. W
Weil, H., Tr. for
H. W
Weil, H., Tr. for
J. W
4
1
1
1
7
12666
1
1
1
2
1
1
10
1
H
1
1
6
1
2
1
1
1
4
350
1
1
1
1
1
1
5
1
3 2
1 1
1 1
6 3
1 1
1 1
1 1
1 1
1 1
1 1
1 1
1 1
351 141
1 1
1 1
1 1
1 1
5 3
1 1
1 1
1 1
1 1
2 1
1 1
5 3
30 9
3 2
3 2
3 2
3 2
3 2
Weil, Solomon . .
Weil, S., Tr. S.W.
Weil, S., Tr. E.W.
Weil, S., Tr. L.W.
Wagner, J. R., est
Wahab, W. H. . . .
Walker, Griziella A
Walker, Farrow &
Co
Wellons, Mrs. Mary
West, Katie T . . .
Whitfield, J. E. . .
Whitfield, Theo .
Whitford, Bessie
Whitford, Clarke.
Whitford, Johnes.
Whitford, Mary J
Whitford, Reed . .
Willard, W. H. . .
Willis, J. K
Wilson, R. M. . . .
Wilson, Thos . . .
Wilson, W. S. . . .
Wolfenden, J. J. .
Wood, Dempsey .
Wood, D. E
Woodard, Eliza E
Wooten, C. S . . . .
Wooten, J. F., est
Wooten, S. I. . . .
Wilson, Mrs. M. R
Weil, S., Tr. H.W
Whitaker, R. O . .
Wooten, Eliza R.
Wooten, H. S., Gd
for Ray
Wooten, H. S., Gd
for Louise .....
Wooten, H. S., Gd
for Charlotte . . 1
Wooten, Carrie I. . 1
Wooten, Edwin B. . 1
West, N. W 4
Womack, T. B. . . . 10
Wood, Elvira L. . . 1
Yelverton, W. T. . 1
Woodard, J. E. . . . 1
Winston, M. C . . . .
| 1
State of N. Car. . |12666
Co. of Craven 1 12 9 J
Co. of Lenoir | 5001
Co. of Pamlico. . . . 202
1
D. J. BROADHURST,
Sec'y and Trea
35 10
2
1
1
1
1
350
135
561
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