The age-herald., 1901-03-21
BEECHERS WILL
 SUCCEED BOWRON
Slated For TreaSuryShip of the
 Tennessee Company
LOOKING OVER THE BOOKS
Office Will Be Moved to New York, But Will Not Work To Disadvantage of mingham-Director
 To Meet.

James Bowron, secretary and treasurer of the Tennessee Coal, Iron and Railroad Company, will sever his official relations with the company on the 16th of April, and will be succeeded by L. T. Beecher. The directors of the Tennessee Com pany will meet in New York on April 16 ance with an agreement entered into when they last met. having adjourned until the date named.
 It has been understood for some time past that Mir. Bowron would retire from the company as soon as his successor could be named, so the official announce ment to that effect occasions so surprise. At the annual meeting of the stockhold- CTS in Tracy City, Tenn, on March 12, MT. Bowron was not reelected to the board of directors, which fact was the first official confirmation of the rumors that have been in circulation for three months or more. Still there was a direct statement from an official source bearing upon the treasuryship and outsiders were left in the dark, with only surmises as to the probable action of the directors at the forthcoming meeting.
 All Made Clear.
 This was all cleared away yesterday, however, when MT. Beecher called at the office of the Tennessee Company, in Morris avenue, and asked to be shown the books of the company. He brought with him such credentials as would be neces- sary to give him access to the books.
 MT. Beecher arrived in the city Tues day night at late hour, having come direct from New York, where he had been in consultation with Chairman Ba- con of the board of directors of the com pany.
 When an Age-Herald reporter called at the office of the company yesterday af- ternoon, MT. Beecher was busy going over the books of the company with Assist ant Treasurer John r. Fletcher. He greeted the reporter pleasantly and laid aside his books and his pencil long enough to be interviewed.
 MT, Beecher Is a young man, several years under middle age, of medium size. blonde hair and mustache and converses pleasantly and interestingly.
 The Probable Action.
 In answer to questions he said it was understood that he is to be elected sec- retary and treasurer of the Tennessee Company at the meeting of the directors to be held In New York on April 16. and that his office would be in New York.
 "An office will be maintained in Bir- mingham and presume MT. Fletcher will be retained as assistant cashier In charge, though I cannot speak for the directors, not being on the board and do not know what they will do in that matter.
 "The office of the treasurer will be re- moved to New York in order to get the company's cash nearer the financial cen ter of the country" he added, but the removal of the office will not take great amount of money away from Bir- mingham."
 MT. Beecher was formerly treasurer of the Minnesota Iron Company, of which D. H. Bacon was president, and his of flee was in Chicago.
 Gave Rise To Rumor.
 The Minnesota Iron Company is owned by the Federal Steel Company, the latter being included in the United States Steel Corporation. The fact that both the pres- ident and treasurer of the Minnesota company had come to the Tennessee Company in high official positions gave rise to the belief that the Tennessee Com pany would ultimately be included in the United States Steel Corporation. MT. Beecher was asked If the Tennessee Com pany would be absorbed by the United States Steel Corporation at an early date, to which he replied:
 MT. Bacon was president of the Min nesota Iron Company, and was treasu- rer All of the stock of that company is held by the Federal Steel Company. When Mr. Bacon came to the Tennessee Com pany I followed. That is all can say. You can draw your own deductions"
 MT. Beecher will remain in Birmingham two or three weeks, during which time he will thoroughly familiarize himself with the company's financial condition. He stated to an Age-H Herald reporter that he expected MT. Bacon here one day next week, and that together they would in- spect the books and properties of the company.
 Baxter To Be Reelected.
 President Baxter is to be reelected president of the Tennessee Company ct