Newspapers / Wilmington Morning Star (Wilmington, … / Nov. 21, 1907, edition 1 / Page 3
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1 .- THEJ IlOnililO GTABVnLLIIIT GTOIT THURSDAY, ilb VEXJBSlC 21, J.9Q7.-; ' -- J v. . i I - AC3 tutxz- m I 1 j forth Carolina: Company for forth Carolina insurers The North Carolina Home Insurance Com pany is the oldest State Company, having been organized in 1868. This Company has return ed to its North Carolina policy-holders Two Million Dollars to reimburse them for property destroyed by fire. Its policy is as strong as that of any company doing business in Ameri- Your patronage is, therefore solicited. WALKER TAYLOR, Local Agent, , Wilmington, N. C. ca. THE COAST LINE STOCKHOLDERS look as if their maker hated their wearer. What's the sense of tuch work? It is rank Injustice to good citizens. We have a good thing lor you: Btem-Blodi Smart Clothes. They are the best in America. They wfll nt with a new scyie tnat you have never met before. Their -workmanship is the careful attention of 53 years of clothes knowledge. Boys' School Suits and .Pants from the cheapest to the best Our line of hats and furnishing goods is complete. Call in and take a look. . J. W. .FLEET CO NO. 7 N. FRONT; ST. , Phone No. 673. Suits Made to Order. ummm IIMIH mil As an? Incentiye bto ; Save ; m mas VJhai's the Use of paying more for an article through prejudice, than y oc ean buy for less, that's Just as good? Take Whiskey, for Instance. We make but one charge Just for whiskey that's all. When you pay more than we ask for our whiskey you are being taxed for something ele -besides, the whiskey. , Now "WHAT'S THE TIBET of "you paying an excess to anybody for Imaginary superiority when we have the same goods, but are content .-.through immense volume! of sales, to break even on profits instead of "hike tag up the price beyond the point of giving -you value received. "CHESTERFIELD" products ae "AS GOOD AS THE BEST FOR LESS." That's the reason "CHESTERFIELD" Whiskies are popular. "CHESTERFIELD NEVER DISAPPOINTS." Full quart $1.00. TRY IT. Southern Distilling Co. ' M, 8ELIGMAN, MANAGER. Phone 248 for quick delivery. 86 22-tf Statement of The Wilmington Savings and Trust Company at close of business, Saturday, November. 2nd, 1907. ASSETS. A ' $1,234,451.66 Lflans and Discounts First Mortffaze Bonds . . . Real Estate I Furniture and Fixtures (charged off to) Cash in our vault $89,134.18 Cash in transit to us . . 20,000.00 Cash to our credit in Wilmington National Banks 141,600.72. Cash to our credit in New York and Richmond UtUlS .. .. .. .. .. .. . Cash items in drawer none 2,000.00 55,000.00 1.00 Capital Stock Sarplns .. .. Deposits .. . Discounts .. . Bs Payable LIABILITIES. 300,710.17 $1,592,162.73 . $25,000.00 . 147,25967 . 1,419903.06 none none $1,592,162.73 I. C. E. Taylor, Jr., cashier ofhe above bank, do solemnly swear that we above statement is true -to the: best of my knowledge and 'belief. C. E. TAYLOR, JR., Cashier. Attest: J. W. NORWOOD, J. V. GRAINGER. TSI -R TJ AVTTTM Directors. 1 9 If Interested In Cabinets, Extension Tables, Sideboards, Buffets, China you have only to come to our store to see the largest line in the' city, and at prices made possible only Iby our cash car load buying.; 20 Office Desks, , 6 Xypewriter Chairs, Revolving Office Chairs and Typewriter Desks. like all V our goods, very cheap. Drop in aid " take a look. No trouble to ;? show goods. . : . ' , ' ' r WILMINGTON FURNITURE CO. Annual Meeting in Rictimond Inter esting Report of Fiscal Year's Operations and Financial ; Transactions.' , In the course of the annual meet ing of the stockholders of the Atlantic Coast Line in Richmond Tuesday the News Leader of the same afternoon has the following which will be read with local interest: In point of numbers the meeting was the largest held here in many years, and the usual harmonious spi- rit prevailed througnout. stocicnoia- iers asked questions concerning the re port of .the president and the direc tors. Chairman Walters of the board, answered every auestion fairly and courteousLv and each Questioner com- Dlimented Mr. Walters and the offi cials on the year's work, and explana tions made in the meeting. Of a total of 501.242 shares of stock, 394,442 shares were represented in nerson or by proxy. President Emer son called the meeting to order and John P. Branch was elected chairman. All' of the directors were present as they had had a meeting 311st oeiore the stockholders met. ANNUAL REPORTS. Printed eoDies of the annual reports were presented to -all in the meeting. This ronnrt shnWfid that the total earnings for this year were $25,771, K28.K4. an increase of $1,903,080.49 over last year, or a gain of 7166 per ftont The nnpratine GXTiellSeH auu taxes for the year were $20,422,026.99, an increase of $3,549,821.53, or 21.02 per cent Of this Increased cost 33,741,29 went Into the operating expenses, of which nearly half, or 41055,317 was paid out in extra or increased wages. One of the most significant features of the annual report was the follow ing statement: "This company has no floating debt" President Emerson said in his re port: "We are now operating these , reduced rates, although we believe them to be confiscatory, and 'their le-e-aiitv is heine tested in the courts; in the meantime the company is suf fering irreparable loss pending nnai decision." Chairman Walters, in replying to queries from some of the stockholders as to the great increase in cost of op erating "said that two of the most im portant factors in operating a rail road, labor and material, had been most unsatisfactory during the year. The labor unions had become strongly organized and in several instances had .enforced unfair burdens on the road; but his road was no exception to this rule, as he had found, on in vestigation, that roads in the North and West were suffering from like conditions. H r Materials, Mr. Walters said, had in creased in cost from bU to vu per ceut. in the last ten years. This was an ad ditional burden. things that could nmrht in 1897 cost from 60 to 70 I. I- V " Vor rnf more' in 1907. i i,v- . i 3 n. rVmtlnnlner. Mr. waiters siatcu luai he had made a trip on the road re cently and found that retrenchment was the motto in every office, and he felt assured that with the proper cur Htimcnt nf expenditures the stock- holders could also feel assured that everything was being done ior tneir riinr and rtonenr. P'UICVUV" . . X The income account snows mat mc cnmiiia inrnme for the year is $125, 869.41. The total number of miles r.oroterf during the vear were 4,360.92 The ratio of operating expenses and taxes to gross earnings was t.ao pei cent, an increase of 8. per cent, as fornix red with last year. "During the fiscal year mere weic sold $400,000 of the first consolidated mortgage fifty-year four per cent, gold bonds, from tnose neia m m nco ury, at a figure which netted to your company $392,000. 'In order to provide payment iw 100 new locomotives, 3,zsu steei uu derframe freight cars and 53 passen ger equipment cars, costing $o,000,000 it became necessary to issue trust equipment bonds. The indenture se curing these bonds is dated March 1, 1907, and, under same, a casn pay ment of $500,000 was made, the bal ance of the principal being payable at the rate of 450,000 per year, pay able semi-antrually, the first payment of $225,000 being made onr Sept. 1, 1907, and the last payment to be made', on MaTch 1, 1917. The deferred pay,; ments bear interest at the rate of 4. per cent per annum. The net amount realized from the sale of these bonds was $4,147,650. , . "To provide the necessary funds to carry . on improvements under way, your board of : directors authorized the issuance of ' $5,000,)00 of three year five per cent notes. These notes are dated ;March 1, 1907, and the en tire issue was sold for 95 1-2 per cent.. The net amount realized from the sale was $4,775,000. . 1 - "Owing -to the shortage of the strawberry and vegetable crops, the gross revenue from that source was $239,287'.25 less 'than, the preceding year. Other traffic conditions were fa vorable, and with our increased-equip-ment'we were able to overcome" this loss, and show a gross increase from freight, traffic of $1,069,170.26, or 6.15 per cent. . "Pasenger traffic shows a gross, in crease of $647,818.59, or 11.92 per cent "The number of -. tons of fregiht earning revenue Increased 7.72 per cent. the number, of .tons carried one eeri 11.11 ner cent: the mileage of revenue freight trains in- creased &.&z per cent., i 'r-; age number of tons carried per fregiht train mile Increased 6.33 per cent 4rrhe number of passengers carried cent.: the number m oymvoi.a oarripn one mile m- OI' UB3CU6S - ... , . . ... 19m ner rent.: and the mile - .nimQ Tiaaspne-pr , trains m- aee ui o t , creased 7.32 per ..cent The average number of passengers, tarried per a. nrresi5?ed 3.00 ner cent. ' AYherc yon want it When you want it No smoke no smell no trouble. Often you want heat in a hurry in some room in the house the fur- nace does not reach. It's so easy to pick up and carry a PEEFECWKI il (Equipped wltH Smolcclesa Device) to the room you want to heat suitable for any room in the house. It has a real smokeless device absolutely preventing v ill' smoke or smell turn the wick as high as you can or as low as you like brass iont holds 4 quarts ot oil that gives out glowing heat tor y hours, fin ished in japan and nickel an ornament anywhere. Every heater warranted. what could be more persuasive than a pretty woman a fiancee, for Instance?; Women are pretty gooa savers them selves, at times, and they appreciate the man who provides for future rainy days by saving when the sun chimes. This is probably a hint, to YOU. II you are not now saving, get the habit Out Bank affords youevery facility and offers you every Inducement , Carolina Savings & Trust Co. Big White Building, corner Front ana Princess. ir - - , , . reader, It iives a brilliant steady uqm . , . , . . thai tfdjc Judy. ple Madeol brs.niAd plated WIXPP1 with tteUlesl improved central draft burnff. Every lamp warranted U you cannol obtain the Periedion.Oa Heater or Rayo Lamp from your dealer write to our nearest agency lor descriptive areolar. STANDARD Oil. COMPAXY lunw Hi k m - ' 1 it!! giisf One Case will 'convince you that Pale , Export beer is the best. We charge no more foriour pure and delicious Pale Export Beer Ithan you will pay for an inferior grade, and you have the advantage with it of a healthful and strength ening beferage. Try our Pale Export Beer and you will note the benefit derived from it DARLEY PARK BWG CO. G. Morgar- Knight, Manager 319 N. Nutt St. .Phone 49. nov 5 tf Clyde Steamship Companv New York. II. C. anu Georgetown. S C. Lines 'iilmington There were more Ford Auto mobiles sold in 1907 than any other car in the world. THE REASON: All Ford owners are happy. Ask 'em. PL ATT & GO IMP AM .AGENTS New Yoric tor Wilmington. ' S. S. Carlh : . . . Friday, No. 15, 1907. S.S. Nayahoe.. Friday, Nov. 22, 1907. Wilmington to New York. ? ' S. S. Navahbe .Saturday, Nov 16, 1907 S. S. Carib.... -Saturday, Nov.-23, 1907 ' Wilmington for Georgetown. '' S. S. Navahoe. .Monday, Nov. 11, 1907 S. S. Carib Monday, Nov. 23, 1907. ' Both steainen iave ood pawengt? Accommodation!. Through blils of ladint and lowest tlirougn rates guaranteed to an Item points 1n North and South Carolina. 1 ifor freight and passage apply U H.. Q. -SUJLUuaunmts, crapi B. SINDALL, Q. F. A. H. E. MAYNARD, Acting F. T. M, H. H. RAYMOND, Acting Q. M, General Offlsea, Pier ft H. B. Brek. If apr 15-tT III Week Longer Owing to the great demand for the Celebrated REDFERN COR SETS, Miss Elepta Rue, the eipert Corsetiere of New York City, has consented to stay with us all this w'eek. She will be delighted to have the ladies call, and she will explain to them all the merits of this genuine - Tialebone Corset, all guaranteed absolutely Rust Proof. C. H. FORE & COEilPAMY The- 'Southern National Bank A Bank For Ml People -, . - - .... -'' -. Never mind your size, Sir, Your Suit is Here. If you have been bothered in getting Clothes to fit youit is right here that your troubles will end. . The Abnormal Man is never witnout our .. taxes.' Che iARGE MAN, the SHORT MAN, the FAT MAN, and the man that is Long rawn Out will flna his iit here. . - ' f. WE FIT EVERY FOKl We do it without -extra charge. ', The fabrics and cut of the garments are correct for the form for- "which the v. are intended., J . We make no extra charge for fitting "HARD-TO-FITS. it SUITS ATfSIO.OO TG 025.00 Come here and e what we can do for you in the -way of fitting you, as you would like to be fittedat a price you'll be willing to pay. CIGARS! WHYT BECAUSE IT IS THE BEST, CIGAR FOR THE MONEY. , , , H. L VOMERS wunLCSALE GROCER. .. . . , - . -. . fi- 1 7 FRESH DRIED FIGS Shelled cans. Almonds, Walnuts and 'PeV Oatmeal, Syrup. Buckwheat and . Maple Fancy Celery, Louise Olives..' il Hiartfrovfi Tamor tTH E ONE PRICE CLOTHIERS!' - . : . ... . . . , . . . '-!?:-. 131 MARKET; ST. Phone v1052. - ?. - , GROCER ; oc26-tf (Continued -oni Page Four.) -4. V i r "The statement attached ; to this re
Wilmington Morning Star (Wilmington, N.C.)
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Nov. 21, 1907, edition 1
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