Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-10-19

RETIRES AS HEAD OF THE BIG
HIS SUCCESSOR NOT NAMED.
Board of Director. Will Meet This
quire His Time.

Mr.. B. F. Johnson has resigned as presi-
dent Of the publishing company, which he
was instrumental in organizing about six
years ago.
A meeting of the Board Of Directors will
be held the latter part of this month to
act on the resignation and elect sue
ccssor to fill the vacancy.
was capitalized at Sl,25Oo0O, Of which $780,
900 has never been placed
Have Time for. Other Work.
Eyes, have resigned the presidency of
the Johnson Publishing Company. said
Mr. johnson, yesterday. There is a spe-
cial line of work in which l have been in
terested for good while, and I want time
to devote myself wholly to it.
While the news Of Mr.. Johnson's resig-
nation will occasion great deal OF sur
prise, it has been expected for some time
by those of his friends who have known
that he was endeavoring to look after
more different interests than any one
man could manage alone. DR.. Edward
Leigh Pell, the secretary of the company,
said that Mr.. johnson had become. identi-
fed with so many institutions, and had
accepted so many positions of trust of a
benevolent character, that he had some
time ago found it impossible to give the
attention to the company which its bust
ness required, and had gradually turned
over the management of the house to his
co-laborers-the treasurer, Mr.. James ID.
Crump, having been practically in charge
of affairs for year or more.
1--WE are enjoying the most prosperous
year of our history" DIR. Pell said. land
there is no reason why Mr.. Johnson's re-
tirement should in any way affect the in
terestS of the house. His friends will, OF
course deeply regret to give him up, but
we have known for some time that he had
undertaken more work than man OF
even his rernarka BILE strength could look
afrcr. and that he could not long continue
to keep SO many irons in the ire.
Depends on No One Man.
DR.. Pell spoke in high terms Of the SER
vices of Mr.. Johnson in establishing the
house and Of Mr.. Crump in taking up and
carrying forward the work after it had
been established. Some men are born
to start things" he said. land others to
keep them going" He added, however,
that in his opinion the house had reached
a point where 1t is not by any means de-
pendent upon any one man. THE John
son Company" said DR.. Pel1, rests upon
rlercial institution could occupy. 1t is a
commercial institution. of course, but it
is also known among the people as a
great Southern educational institutional
institution gotten up by the leaders OF
the people for the good of the whole
people. and as such occupies warm place
in their Affections
Mr. johnson Talks.
Mr. Johnson. in speaking of the matter,
said: "My resignation means simply that
l have severed my official connection with
the company, and not that I have disposed
Of my interest in 1t. I am just as conf
dent to-day of the substantial and perma-
nent prosperity of the house as I nave
ever been, and I would not care to dispose
Of single share of my stock at any price.
have interests in other directions which
Will require my attention, and I have de
termired to- throw aside everything else
and to give every moment of time for the
next two or three years to their develop
ment -