"Certain matters have developed," he wrote, "in connection
with the affairs of the Northern Mississippi Railroad, which make me
unwilling to accept the position of president. It is also my
intention to resign from the board of directors of the road, in
which I find myself powerless to prevent the things of which I
disapprove."
And then he went on to outline the plan which he intended to carry
out, explaining that he offered to those whom he had been the means
of influencing, the opportunity to go in with him upon equal terms.
He requested them to communicate their decisions by telegraph; and
two days later he had heard from them all, and was ready for
business.
He called up Stanley Ryder, and made an appointment for an
interview.
"Mr. Ryder," he said, "a few weeks ago you talked with me in this
office, and asked me to assist you in electing your ticket for the
Northern Mississippi Railroad. You said that you wished me to become
president of the road, and that the reason for the request was that
you wanted a man whom you could depend upon for efficient and honest
management.
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