Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1839-04-04
RESIGNATION OF Mir. BrppIE-G


RESIGNATION OF MIR. BIDDLE--ou
Friday last. NicroLAs E,pp.r resigned has Office
OF President Of the United States Bank Of Tenn
sylvanis-and Mr.. pvSLor, Of Philadelphia.
vas Immediately appointed by the Board Of Di-
Iec,ors to The high and Te-ponsible olicc thus va
Gated.
The people OF Philadelphia (say> the Ealti-
more Americanl appear to have had as little in
timaiion Of thu, step on th- part Of Mr.. Bidd'e
our own, and the sensation which II rfo' ac>i
there was very great Numerous ramoc were
af,oai in connection with this movement. some
IF which we're of directly opposite character.
One Of the rumors was, that he Would be called
80 preside over the Z. s. Treasury Department.
md another was, that the Eank is to BE- selected
rs the ascal agent Of the Government. and ano-
'hcr, that Mr.. Eddie, whose qualifications Ct
him for almost any trust, is TO 80 ont Minister
Extraordinary TO Ergland, and in that character.
having conquered peace with the Administr alton
1T home, IL to achieve the amieabic settlement
a the Bordcr Difficulties, &c. These rumors,
however, are thought by some worthy Of but
little attention. The letter from Mr.. b. himself.
Published below. will mos, probably be found to
contain the true reason Of bis resignation.
BANx or THE UNITED Sr.rrs,
March %, 1899.
To Tie Coard Of Dinei0n cfi.s Bans II t!s U..;sl
>tafsS:
GE~rLrNES-I execute a purpose which a
-ou are aware. I have long meditaicd, and which
j inunated To the Stockholders nj their first
meeting under the new charter tina, Of retiring
from the direction Of Tho Bank II is now more
than twenty years since catered liz service
They have been years Of intense labcur. and
they have earned for me right to claim the re-
lsxaiion and reposc which approaching are and
rrccar,ous health require. Ihave waited anx-
i'usly for the most appropriate mou ent ~ which
Iconld best be spared bat hitherto, whenever
have sought the retirement I much needed.
sorn" difficulty, IN which NV service was deemed
Nscfu'. always intrrros-d 10 deiain RE. None
such exist now. All The political llSscE;sonS
connected with The Bank for the las, ten years
have ceased; all its extraordinary efforts for the
protection Of our national interests. arc hspP;y
ended: and the Bank has returned TO its accuS-
toned channels Of business in peace. ! can.
therefore, Withdraw. nj length, without nconvc-
nianc"; and DO Il more readily, because leave
the affairs of the lnsiiution in a state Of great
prosperity. and in the hands OF able Directors
,rd Officers,
This separation from friends with whom
have been se,ions and agrccably associated.
IS among IN. most painful aetS of my HE aud
pay Won to accept, at parting, my sincere
WISHES for the personal welfare cf you all.
~ tTto
Pri,lDGLrr-., Earci -. 1929.
One Of the Philadelphia p.1,-s ini.raa.es tia:
Z. is Mr.. Biddic's design TO ny yisi, 20 Europe
with his flmly,--snd the u. s. Gazette Says-
I'VE do not know VIVA, il The in,enlion Of
Nj. B.dd'c-hu: with an ample fortune. with a
cultivated literary taste, means and appliance,
Tor socia! cnloymcnts, powers 10 irnpart and to
receive pleasure IN intercourse with elevated
minds. the qnici Of Andalusii might be supposed
% open TO aim enloymcnts, 10 be the more re-
iishcd rs he wiihdravs from The rnrcm.tiel IA
hoTs Of four lus'rcs. with the concurrent admi-s-
ton or every class OF his f.llow-ciiizcns, and
with tho consciousness that he hss snrmounled
diilicu'. - that would have appalled, Others. and
secured the respect Of thoSr whose approval -
the reward for a life OF difficulties"
AZ a meeting OF the Board OF Directors o! the
L. S Bank, Immediately atier TIE reception Of
Mr.. Diddie's resignation, the following Re.olu-
lion was passed unanimously
"Re'oirsa, Taat the Directors have learned
VII unfeiyncd regret the inicnuon Of Mr.. Giddie
w withdraw from his sliultion rs President Of
thc Bank Of the United States.
For many years the best interests OF the in
s'ilton, uni-r his especial guardianship have
been protected and promoted with devoted hdeli-
~, nniring zeal and shining abilities. In both
periods Of It's corpora,ei existence it has been
opposed to continued assaults and surrounded
WIN Ntii Cl uruttifS. Power and nrelu-
ficc have arrayed themselves against II n active
iosiiiiy; popular feeling and official infuenc.
nave been exercised in anxious attempts 10 d..-
inrO us arrangements and check i,s prosrcriiy-
t'u' u has not ceased 10 prosper More Than ono
'noncycd and political crisis has threatened the
'1su;n'ionS OF the country with serious loss or
absolute destruction. The country end its iust,.
iiiions have as oiiea survived the crisis, and
ifey now stand erect and alnos, unhurt from the
Trriis 70 which they hare been expo.ed Dur
M ihesc cventful periods. arduous efforts have
acen made, and heavy buTthens have been su--
,a!"ei by The Bank of the United States, aud the
iar-eF' and mos, effective share Of .ucccSsful ex
Ser
Inc Board or Directors owe Il 10 themselves
md to the stockholders whom ihcy represent, in
accepting with deep reluctance the resignation
nov rendered TO them, TO record their grateful
acknowledgements TO n gentleman whose unri-
-ailcd sk,ii IN finance, unwcared devotion 10 his
fH,ics, hrm and independent conduct in the midst
- Obstacles, elevated and honorable principles.
HHi courteous and ur5ane department, have
!ntfSeh win un'ailng uniformity n long and
fF.nors career. Who, having performed 80 n,uri,
aHd - faithfully, leaves tie Insu;uton with
when nc Is identified prosperous IN all its rela-
~ rs, strong an lie abilities 10 promote the in,e-
fsSis Of the several communities hy which II il
Grounded, cordial IN lis ASSOCIATIONS with sister
Establishments, and secure IN the respect and es-
sen OF all vino ere connected with 1t IN foreign
~ wel' ~ domestic intercourse"
Mr DrSloF' chosen to su7?'y SIR. Riddles
Pace vas Second Assisisn, Cashier, and has
iouS been recognised az ono Of The first CONNER
cal lawyers Of Philadelphia. The L. s. Gazette
'ays the public have full confidence ia Mr.. D..
aud he goes 10 his new duties with his hand
strengthened by the warm vishes aai Affection
s'e respect Of all those who know his worth. A.
J uae able support 90 the e.Iicieni cashiers With
~iom he has been and Is now assccisied.
90
ADDRESS oFNR. RfVEs.-Tl.e Ale1an-
oria 6azs'is c7niaiun long Address from the Hon.
". e. Rives, TO TIE people Of Virgins. In the
oiisei of hiss uddrcss, Nj R,ves declare, that the
-nlrncn AMI drnnrri..-.. - A...----- !. :,