Pine Bluff daily graphic., 1903-09-28
LAMENT OF THE CITIZENS
AR AND TRANSIT COM.
PANY.
-. That He Will Be Succeeded
o l. Rutherford, With Rob-
.rt York as Manager.
.rr COMMITTEE is NAMED.

Austin. president VI LIe Slt-
Light and Transit company, Of
his resignation at a called meet
the board of directors Saturday
The resignation was accepted
l. Galbraith, the vice-president
10 company is temporarily in
re of the management of the
railway system until successor
r Austin can be elected. The
nation of Mr.. Austin came as
Fise to the other members of the
though for some time Mr.. Aus
as been considering the advisa-
of retiring. owing to the heavy
ase in his law practice.
hen the meeting of the directors
called to be held in the Office Of
Austin, the resignation of the
kdent was not contained In the
The directors were to meet to
ider some financial affairs which
led attention before the next reg
lar meeting Of the board on Oc-
5. One of the directors says
during the discussion Of the finan-
problems before the board it de-
ped that a great deal of the time
be president would have to be
ato the matter, and then Mr..
II offered his resignation, stating
he could not spare the time nee
y. A motion that the financial
sgement be placed in the hands
Iessrs. w. H. Langford and J. B.
was finally put and carried. The
agement of the company has rest
|lmost entirely upon the president,
W. ]. Galbraith, the vice-president,
now assume control. 1t is rumor-
hat R. l.. Rutherford will be tho
president, but members Of the
ID refuse at this time to express
hselves on this matter.
is understood that the financial
rs of the company need adjusting
Messrs. Langford and York will
fnce take charge of this part of
business.
r. Austin has been the president
fhe street railway. company for
Fly year and a half and has devot-
|nuch of his time to the affairs of
company. 1t is the general ex-
Sion on the part of the directors
his conduct of the affairs of the
fem has been at all times the best
could be done under the circum.
ICES He is in no way to blame
the financial state of affairs. Mr..
ln was one of the original organ
$ of the present system and is
e stockhOlder. He will continue to
one of the directors and will re-
MS interests in the company.
r. Austin left Sunday night for
hlngton with his daughter, who
rs school at that place. When
by a Graphic reporter he said
he did not care to discuss his
snation further than that it was
to enemies of the company and
ne did not have time to devote to
nights before them. He will re-
the latter part of the week. Mr..
IN says he will keep his invest
Us in the company.
,ner members of the board Of di-
ors express regret that Mr.. Aus
resigned, but say that it was not
to friction on the inside. That
has been friction among the
kholders and directors almost
the company's organization is
secret, resulting in two factions,
trying to control the corporation.
faction has had control, but 1t
been said that with the transfer
harles Senyard's stock meant
sfer of control to the other fac
and this latter change seems to
aking place.
e resignation of J. B. Trescott as
of the lines was also
pied, to go into effect October 5.
Prescott will become the manager
be Pine City Electric company.
matter of his successor will be
to the acting president until the
regular netting of the board.
ntatad hood authority that
ut in the employ
lca I'm I. !