The age-herald., 1900-11-21
RESIGNATION HAS
 BEEN RENDERED
Rumor Says MT, Bowron Will
 Leave Tennessee Company
DECLINES TO DISCUSS IT
Stated That Arrangement Has Been Perfected Whereby He will Remain With the Company Until March
 Meeting-The Big" Deal.

Rumors have been in circulation for sev- eral days past that James Bowron, vice president and treasurer of the Tennessee Coal, Iron and Railroad Company had ten- dered his resignation to take effect at once. An Age-Herald reporter was informed yes- terday by reliable gentleman who is in position to get straight information that MT. Bowron had rendered his resignation. but that it had not been accepted by the directors, and would not be, but that MT. Bowron would step down and out at the next annual meeting of the directors, which will be held in March, 1901
 MT Bowron was asked by an Age Herald reporter yesterday afternoon if there was any truth in the rumors, but the only an- swer that gentleman would vouchsafe was that he was not the proper person to dis cuss the management of the Tennessee Company.
 In discussing the probable resignation of MT. Bowron, a gentleman well known in industrial and financial circles in Birming- ham stated that the resignation had been in the hands of the directors of the Ten nessee Coal, Iron and Railroad Company for some time past, burt that they had declined to accept. it. This Is the second time MT. Bowron has rendered his resig nation, according to the reporters infor- mant and both times the directors have refused to accept it. It is understood that an agreement has been made by which MT. Bowron Is to continue with the Ten nessee Company until the next annual meeting, which will be held in Tracy City, Tenn, about the middle of March. At this meeting MT. Bowron is not to be reelected, but his place is to be filled by some other person.
 It is stated that MT. Bowron is desirous of taking a much needed rest which he cannot get while he is officially connected with the Tennessee Company. He has other interests in the Birmingham district which would take up all the time he would care to devote to business.
 MT. Bowron has been connected with the Tennessee Coal, Iron and Railroad Com pany for number of years and removed from Nashville to Birmingham five or six years ago when the general offices of the company were established here. He has made two trips abroad in the interest of the Company this year. The rumors have not suggested a probable successor for him.
 The Wall street papers have been ex- plotting the affairs of the Tennessee Coal, Iron and Railroad Company for several weeks past and have given wide publicity to the sale Of a block of the stock of that company It is generally agreed, accord ing to these papers, that either the Stand ard oil Company or the Carnegie Com pany has acquired considerable holdings of T. c. I. stock and that when the next annual meeting of the stockholders is held this interest, whichever it may be, will make itself felt in the selection of a board of directors and the subsequent election of officers. It is not believed that any changes in the management of the com pany will occur before the annual meet ing.
 I1 the meantime Tennessee Coal and Iron stock has been steadily rising for the past three weeks and is now quoted at IS to 79 against 56h on November B.