The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-04-12
COL. NIKE BROWN RESIGNS.
]. p. Williams Elected President o;
the Seeboard Company.

]. p. Williams Elected President Of
the Seeooard Company.
! The directors Of the Seabosrd Company
met yesterday afternoon at the office OF
Garrard s. Meldrim and elected J. p.
Williams president, TO fill the vacancy
caused by the resignation Of Col Mike
Brown.
Col. Brown resigned the presidency Of the
company March &c, but his resignation was
not acted upoa until yesterday. In his
letter Col. Brown said that when he &C
cepted the presidency Of the construction
| company he had every reason 70 believe
( that he could give it his unlimited time and
attention, but bis business affairs at Barn
well prevented it, and he is too sollcitous for
the good Of the company TO let 1t suffer for
| lack Of attention.
After the reading of the letter Of resigna-
nation the folio wing resolution was unani-
mously adopted by the board;
Resolved, That the resignation of Col. Brown
| as president being rendered under circumstances
| as expressed in his letter, the board is con-
strained TO and does hereby accept the same.
Resolved, The thanks Of the board are tend
cred to Col. Brown for his valuable services
heretofore rendered as president, and the board
notes with pleasure that he viii remain a
director.
W. B. Thomas Of Tennille was elected
director and the board discussed matters of
general interest TO the company. Some of
the directors will 60 north next week on
business pertaining to financial matters OF
the company.
TO INCREASE ITS CAPITAL.
The Seaboard company has now over
$500, 900 subscribed. and it ia endeavoring to
increase it TO 100000, when active opera
tons will begin in constructing the Middle
Georgia and Atlantic railway. Col. Gar
rard, vice president Of the company, ex-
poets the remaining stock to be subscribed
at an early day, as large subscriptions have
been promised.
1.-The Seaboard Company" said Col. Gar
rard, docs not propose to stop with the
building of the Middle Georgia and At
lantic. 1t is an investment company as
well as a construction company, and will
take part in other enterprises. The fact of
its owning Hutchinson's Island will give the
company great advantage. The idea is to
furnish all railroads that desire to come to
Savannah terminal facilities on Hutchin-
sons Island, allowing them the use Of its
bridge and other facilities. The Seaboard
| company is now one Of the permanent in
! situations Of Savannah. and it is not in
tended to allow the capital stock to remain
at $500, 900, but it will be increased from
| time to time"
TO BEGIN WORK SOON.
The work Of building the Middle Georgia
and a tlantc on Hutchinsons Island will
probably begin within the next few weeks.
Mr.. Williams, the newly elected president
Of the Seaboard Company, is one Of Savau-
nah's most prominent and wealthy mer-
chants. Col Brown will continue in the
| directory, and will give all the time he can
to the interests of the company. A neat
prospectus has been gotten up by 1. G..
Haas, secretary and treasurer of the COM
pany. giving valuable information about
the Middle Georgia and Atlantic and the
country that it will traverse, and the adj
| vantages to be derived from the building of
the road.