The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1888-02-29
G., X. 4 w. Directors I'm Session
President ManIdin Res!gns-Lct.
ting Additional COntracts-The
work 10 be Pushed.
ErpeD1jlLe Ncli,S.

The board Of directors of the Carolina
Knoxville & Western railroad met In this
S bv PTessdent few DAYS
There were present, President, w. L. Maui
din; Vice President, T. 2. Branch, OF Angus
ia; Vice President, T. y. Cooper, OF Brevard,
w. Stringheld, A. 4. Howell, of North Caro-
lima: Col. ]. B. Humbert, of Laurens;- Gen.
f. \. Conner, Of Cokesbury, and l.. NJ. Moore,
of Niney-Six.
tors of the agreement entered i:to by the
executive committee with the Georgia con
struction company, President Mauldin stated
terms of the contract he held it to be compe-
tent for the board TO make such amendments
as they saw fit, lad in order 10 have u full un-
derstanding of its terms, and TO fairly guard
what he considered the future interests OF the
country subscribers, he would suggest the fol-
lowing mod ficat!ons:
"lst IN the location Of the line o. road and
depots there should be approval by the board,
and the railroad company should have the
right 10 pass upon the construction work by
an engineer OF its own selection or other
wise.
of the line from Grcenvlle to Hamburg
should he more explicit as 10 time Of compile
tion and what IS meant by encumbrnnces"
"3rd. The railroad company should retain
in its hands sufficient assets of the company
to pay what It may deem necessary expenses.
"lth. The stock to be issued TO the COM
pany should not be allowed to control the or
ganiZation Of the railroad company until the
18th. The contracts Of subscriptions with
the several counties should not be assigned to
the construction company until the road is
completed"
AS the majority of the board differed with
the president and decided TO ratify tho agree
ment as originally submitted by the eXecu
tive committee, the president did not feel that
he could longer occupy that position, and
thereupon rendered his resignation. which
was accepted. In making these suggestions
as notifications President Mauldin conceived
that he was moved alone by a purpose to care
fully guard the interests partly in his keep
ing and while he regretted to sever his rela-
tions with all enterprise he has a deep interest
in, he was compelled by his convictions to do
so.
On the resignation OF President Mauldin,
Col. j. B. Humbcrt, of Laurens, was elected
to fill the vacancy. Col Humbert protested
against his election and was only prevailed
upon to accept after much insistnnce. He is
In thorough accord, it is known, with the posi-
tion taken by DR.. Mauldin in his recommen-
dutiOnS.
Col. James A. Hoyt, of Greenville. was
directors made by the resignation of Lent.
Gov. Mauldin.
The board of directors afterward confirmed
the contract made with the Georgia conStruc-
tion company for the building of the entire
line of the road
The grading of the road from Greenvlllc to
the North Carolina line was let TO TANNER u
Co, OF Cowpens. This part of the line will be
located In n very few days by two corps OF en-
gineers who have been ordered to begin the
work of location by Tuesday, AS soon as the
line has been located a large force of laborers
will be put on the work, and 1t will be hurried
through.
| over three hundred convcts have been
leased from the North Carolina authorities by
ID. L. Boyd 4 Co., to begin work on the line in
ten days Pennsylvania county, y. G., and a
large force of free labor is now at work In Hay
wood county for the same firm. In Tennessee
grading is being pushed through Knox and
Sevier counties by Fortune & Brown, the con-
tractors for that section.