New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-14
Mr. pIArT RESIGNS THE PRESIDENCY.

mr. crvrc r.p THE HEAD OFFICE OF THE TEN
NFssEr COAL AND IRON COMPANY
Ex senator Thomas C.. T1att offered his resignation
Yesterday r. president If the IenIesS"" '"' ""'
Iron Company, and II was accepted by ''' ""
q, conai,on that IL would not take effect until the
annual meeting Of the company next MONTH 'i''
p,ott decided to retire from the plac" som" TINE ng"
and 40 informed his fricd,. Consequently his action
yesterday caused little surprise. The reasons th"'
I., him 10 take this action contained In his letter
which IS as follows:
To tho po,rd Of Directors Of Tennessee Coal Iron
aud EIilroad Company.
Gentlemen: | hcfcb, tender nv rrsi7nation a. m''l'
den, a. your npany tax effect AZ such TINE a. VIII
r.., .nis your wl-hcs and convenience. take This
action r two hr. the demands upon nv time Il,
connection other enterprises la which am e"shg'a
make. IL mossibo devote n" care and attention &, The
bnsn.,, Of y,ur company which your great Interests r.
ouir. Sond Il has generally under TODD and ~
tccted that when the plan VI acquiring th' TWO 'uN M
proper,ie- namely. IN" De i'lrdclebcn Coal ana 'Foh
-, ,,r,y and the Cahab, Coal Mine lnora.ing the capl
a, .toek from so 900 s-i 100000 was fffc'cl
o., S,hcr Interest, In this company would be controlling
and that they should h. PRINTED to dictate ue p''N
Of the company and ranscc u. AFFAIR." Tint tiH' ha'
arrived the combination having been Just now eonI'eto
,,v IA. Hating last week 81 ffc tahalsi -t0h
IN ,aklpc hi. step have intention OF di.po'lng
4 my holdings Or aha,ng my Interest In The COMPANY
I have ercabr faith In IT, future thah ever n''
1t, and believe today tina, u (, the greatest coal and
and ,a with careful aud eeonoincll management when
know IL will receive the hand. u III" new n'n'gem'"t
H. T. hound only q t'ke car" OF ia iaoi'u'S "u
- ,,,,dc,a, ,,,,n it, common stock. ompmy which,
during hi. dcnt~d depression In III" IRON Market
~ ron All not only Z, take care Of It's nNed charges
and all liabilities but 10y dyid nd upon W. pr''e''u
stock and la surplus ~ about ~'V''ooo F" ''''
is well deserving 4 The conhdrne" Of IN" PUBIC
d..irc L, 6 ngrrtuate uhe beard upon the pf'ctY
horonou, rotation. tina, a; present existing between
a, IL momlcrs and dsr' q express u every m'""r OF
The to1fd my appreciation n The unfo'm e"nps' "u
s,,,,o,, which I have received fr m them during my
,dni n ration. Respectfully yours l. u i"N.
After Mr. HATS letter had been read. MI pc
rrd.,chc, offered these resolutions. which were
unanimously adol ted
r.soy,d Jha: this borrd receives Win regret INV 'H
,,ion Of the Hon T. &. Plat as president OF inc '
ce Coal lion and R,lro,d Company and Is ihnu'no"'
.,, en-, ..re only because they understand that hi,
,, ono, rer.nts win no: permit his longer d'ehiishs
the duties II the position
p.,v.a Tha, the board IL due. not only u MI
Plat but to the board 10 place upon re'ord its ' VI
a., ou,on, and valuable services rendered by nun rs
,s,.u, ., This COMPANY ard that these resolutions p
,,c,a u,pn the minutes Of The meeting and copy DC
scnt IN Mr.. Plat .o.. ,ts
Eo.oy,d That Mr. Platt be requested not u press II"
resignation until the annual meeting Of the company ."
April next. but that he continue {" serve 'n 'o",
"a nes,de ard bis resignation be not accepted until ha'
Gntc.
The meeting which was held NJ the company >
Offices No. 40 broadway was attended By all the mem
her, OF the board. These are Mr. Piat Johh H.
Innon A. D. noardman, G. {. Baldwin, James l.
woodward a. ". Shook. OF Nashville; a. T. smythe'
OF Charleston; T. +. Hman, Of Birmingham y.
paxtcr IT, of Nashville: II. +. Dc Barleleben ana
ID Roberts Of Rcssemcr Ala. and the thr'" new
members j. ID. Adgcr, Moses Il. Lopez ana Walker
Percy. g.
The directors Of tir. Tennessee Coal and Iron Com
n,ny held meeting In the OF H. T. DC Iinrdclc-
len nt the Fifth Avenue Hotel, last evening but what
husincss wa, ranxictcd nj the gathering The mem.
hers 81 the boa.i declined TO say. \. VI shook ana
Tho other members Of the directory we're present.
Ti. board meeting In session about three hours
Mir De arfclebcn sim that he would probably be
in position to-day to talk about the business that
ca me I'm before last nights meeting.