Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1882-05-05
COL. COLES LETTER
Resigning the Presidency of the E. T., Va.
s. Ga. Railroad.

Resigning the Presidency of the E. T., Va.
s. Ga. Railroad.
Following is the letter of Col. E. w. Cole,
resigning the presidency of the E. T., Va.
Il Ga. Railroad, information of which was
given in our last issue:
OFFICE OF EAST TENNESSEE, VIRGINIA
AND GEORGIA RAILROAD Co. AND MEMPHIS
AND CHARLESTON RAILROAD LEASED LINE,
NASHVILLE, Tenn, April 10, 1o02.-To the
Directors East Tenn, Va. and Ga. Il. Il.
Co.-Gentlemen: After thirty years of close
and laborious railroad service l found it
necessary at the annual meeting in Decem-
Der last, to request the board of directors
to elect a general manager for our i'm
portant and extended system of railroads to
relieve me from the care of details. Mai.
Henry Fink, well known as an able and sue
cessful railroad manager, was elected to this
position.
From the nature of the case, the financial
and general policy for such a system of
roads as ours must, to great extent be for
mulated in the New York office, and the
property handled from the central Office at
Knoxville, making it, in my opinion, i'm
portant for the President of our company to
live in one or the other of these places; and
as l do not wish to change my home from
Nashville, and also feeling the need of COM
parative rest, and not being willing to occu~
by the place of President without giving
the company my time and constant atten-
ton, which can no longer do, beg that
you will accept this my resignation of the
office of President of your company.
In thus voluntarily taking this course,
trust may not be misunderstood by the
l.. ,.,4o l.
sever my connection with the company but
expect to continue my relations as director,
and give the company my aid, especially
in the South, in making the property profit
able to it's owners and blessing to the peo-
pie of the five States through which it runs
/ congratulate the company and the
south through you, tnat the very early CON-
pletion of the roads in Georgia, as well as
the extension of the Knoxville and Ohio Cii-
vision. and extension into North Carolina is
assured beyond any question. thus giving
another through line between the North
and West and the South and the Southeast
Tue large outlay of Northern capital il
the construction of these roads, while i
promises to be fully remunerative; is wha
the South stands most in need of; and th'
people of the South will not be slow t.
recognize true friends in those who hav'
come forward in such development with
out asking aid from the South. In addition
TO the assistance given by Mr. George L
Seney, a distinguished member of you
board, to railroad development i'll the South
his magnificent donations to the education
al interests of Georgia, made before thu
idea of combining with me to perfect tn.
East Tennessee, Virginia and Georgia rail
road system had been presented to him
make bond between him and the Stat,
that time can only strengthen
In conclusion, beg to return my SINGER,
thanks to the board for the marked conf
dence given me by each member of it, ant
for the solicitation that l should not retir
from the presidency Of line which
originated, the usefulness and success O
which will always be matter of great in
terest to me. Most respectfully
=. w. Cole.