^ Recent History 



disastrously defeated by the tribes it had been intended to 

 subdue. As this policy towards the natives was not approved 

 of by his Cabinet, President Coleman resigned and was suc- 

 ceeded by Vice-President Garretson Wilmot Gibson (who 

 was already President-elect). 



Under Gibson's Presidency a further change took place 

 in regard to the development of Liberia. The agent of the 



84. CHARTP:KED company's HKAUQUAKTERS in MONROVIA 



Union Mining Company offered the charter of that body to 

 an English syndicate, of which Lieut.-Colonel Cecil Powney 

 was chairman. An agreement to purchase the charter was 

 concluded, but as there were matters concerning the tenure of 

 the charter in dispute, and as the transfer of such a document 

 to a foreign company might require the direct sanction of the 

 Liberian Government, Sir Simeon Stuart and Mr. T. PI. 

 Myring went to Liberia on behalf of the syndicate. In 



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