The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-03-18
WHIT TREASURER FORSYTH SAYS
Was Reelected President of the Forsyth
Company but Declined, Being About to
Engage in Another Field cf Operations.

| Company but Declined, Being About to
Engage in Another Field cf Operations.
| President William Fl. Forsyth Of the
| Forsyth company said yesterday that
a wrong impression had been conveyed
in reference to his connection and conf
| ing termination of his connection with
the company. The termination of his
connection with the company, which
would take place in about month, was
of his own free will and volition and at
| his expressed desire. There had been
differences of opinion among the stock
holders, which had, in part, determined
him upon the change, and he had re-
signed the presidency of the company
at the last meeting of the directors, and
also had resigned as treasurer. The
directors would not accept his resigna-
ton, but wished him to continue as
| head of the concern and reelected him
| both president and treasurer. Mr.. For
syth, however, declined the Office of
president and adhered to his determin-
alton to enter upon another field, but
| ItlGlAICd LAG pOsllloll vi Iltdoultl IClii-
| porarily for the convenience Of the
company. Mr.. Forsyth further said
that he should retire from the company
and the business in about month, the
chief reason being that he had larger
and more lucrative business opportuni-
! ties rendered him and which he has
had under consideration for some time.
He had been rendered the presidency
and general management of a large
concern in Augusta, Ga. This concern
is engaged in a business similar to that
conducted by the Forsyth company.
He had also another lucrative business
opportunity under consideration. He
would utilize also a very valuable dye
! ing compound of which he is the inven-
tor Mr.. Forsyth said that he had been
contemplating making change for
several weeks and that his trip made to
the south few weeks ago was in ac-
cordance with this plan and was bus
mess trip in part. He said the impress
sion conveyed in our yesterdays issue
concerning his termination of his con-
nection with the Forsyth company did
him an injustice, which he knew the
Courier would willingly correct, and
that the facts in the case were as above
| given.
| The resignation of Mr.. Forsyth has
! been given with the understanding that
it shall take effect April Is. Besides w.
H. Forsyth the other stockholders are
T. Gordon Forsyth, his brother; Mrs.
Jenet f. Seavey, his sister, and Judge
julius c. Gable. 1t was stated yester-
day that a meeting would be held to-
morrow afternoon and the reorganiza-
tion of the company perfected 1t has
been thought that Judge Cable would
/ be chosen president and T. Gordon For
syth general manager, but Judge Gable
said yesterday that he would then de-
cline the presidency of the company if
| it We're offered to him.
Mr.. T. Gordon Forsyth, who has been
for months past in charge of the com
pany's business in Providence, r. l..
is in town staying at the Westmoreland
hotel. An agent will be appointed to
take charge of the Providence branch
and Mr.. Gordon Forsyth will remain in
this city.