New-York daily tribune., 1864-04-11


TO rnH STOCKHOLDERS oP THB ToUETE MA
TIogAL BANK.
Certain stockholders OF the Fourth National
Bank Of the City ot New.york hevo usdeFtaksn ~ call
sstoclhodes' meeting, 10 he held on tbs lhh Of April
start aud would seem from the cell that the movers
Of he prseot contemplate attenps NJ very radical
and swesy.ag changes In tho Articles o. AEsocation
cs. ani.s 49, -.'srnpt obtain such changes ne shall
su! their fan' M entire breaking mp cf Ihe Corpora
tion.
The orisins and now existing Articles OF Associa-
sioE were unanimously approved whcn made. are in en-
tire conformity with the Act OF Congress with tho
ordaary usages OF such institutions neither containing
any unusual nor lacking any customary provision.
Under them. under tho Law Itself the resronsibO
ard control Of the Corporation IL vested In
II, Board of Directors, min. In pumbsr. and ~ lhc
Directors Is committed the selection % Pretideat.
vino bo one OF ihcmselvcs with tic right to re.
move him by two iSlrl vote ilsowse the power OF
appointment and removal Of the Cashier ard ohsr OH.
cers. clerks, aud emplayecs.
Tho Board Of Directors have Btevi,e, IN prrs aancc
ef,i, authority to that ccct vested IN them by tie
Articles Of Association adopted set Of y.laws most
" upon pattern prepared by tic Treasury Depart.
msut. end which ara conceived to be Ia all respects
advantage
The pf ssent Hovsmest 20 chang. radically the struc-
tn.s management and control Of tho Institution grows
cus Of no detect fault in ths existing Articles aod
sy Avs either Of them, bIi Is oceasiored by differ
between kr George Opdyse. the President OF lLo
Bauk and tie undersigned majority q tho Beard Of
DrootoJs (,csg six ont ef the tias mssbsrr Of the
Sos-d) and the dearn Of th5 movement. Ia iha interest
of NJ Opdyke. issupposed to bo, TO aeccppish sack
change Ia the Articles 10 fix him ia lis position
President f,es rca any eoi!yol Of ts Po4-s ef D.ssr,
rnd perhaps 20 tre.ch also Epon the Deetors control
tAs appoinsnoat removal aud conduct of TIE other
onesTa ard employees Of tie Bank and u :ahs ssaEo,
BE- Gess b. break sp and dissolve tbs ihstti;iosL
We IRE odviscd ,.at fths promoters u usse riur,s
eosd ever ssocsee iE obtainire GaiSrisy ye,s Oi
.esss,r ssoelhoders meeting IN :her Aver ssss nei.eE
Sosd bs vitiou, legal effect beSsuss. Ss'. the eGo
possd mee,isg whioh has boeh called sii lie l5ssaar
and Illegal and. 'seoad, tie proposed esanros ia
soasisesi with the egel powers Of control s5S snsgs
peE. eli bank which vested Ia sss Dcs-l OF Di
rcrscr. IN Vrtss Of the law i:scn -h.ch srca tbe
s:ooss"de cnanot rary sscsi ssd 70 thS: sns only
sgset Il ,Ls Of Ar opGysss pfty ~ estiahg
aica,oSly yois al stoekholdcrf 'let.nS would bv u
sIsW tee sfsrE Of the bank into ngsilon end sos,i
sg ~ .hs great yreledcs ofas Interests % taS shure
bs.ds-a Rh IL tia change, soagsl by hr. Dpdybs
11glS ~ legally ard eacc!anliJ co5vsscd il &c ms
TO % a,ts clear that Lis vcJl. TO e.Bost
eqpsi e;srss parysc Tie eatc.l'o n0Gos &Sd ns'fst
of ,hs isiiiEiion ana pLt "A cnG 20 aay hopes u
IroGs frr iao shsrsbo2s-s dYri1g ts continuance OF
saeh r:si, Of .siags be seeks &C bdns seoas The
m1srl4 4Hsa eonstita,o = sse tbnis majority oi the
BJard 81 Direotorsi thes tm cf oflee saEl Jassary
.665 IS fGod ard unAerPble. ape rei5t= ih,ir s,nse
Of daty - the ,ioe efloder who pat bsa IL ees and
ruay o. whom Il IA believed :nGersd 10 soscrhs
~ tie benh from thu persoral Sonad rcPosss b.
lbsl. oun pScrriary intsresrs stockholders u an
sEstessis amour. Of ffsif niIiop dozra Win pernlt
them - vIcats tssir posiona or 10 yield 60 TIE
srcl .; THIS institution "a tho p3r.r cf Lr
Dpiyks seems 10 DO desired on Lis pasA
H. therefore, Er Opdyks cGD,s saooeSi "A giving
sss sfre: To hi. plans. hs StaIG mere! place .As In
,i.uton Ia tbo sromaloas ?si.iOs OF .ubccilng It's
ralagsssat ecSGic,ing 9os 70 tai profit or sns
ssys In !ts working uould be ori Of ths question
ss TO tis idea ~ breaking NJ or Winding the bapk
,i Mir OpdyAos diotation. because he finds TO canro
'oa:ro H. tho advice we hGvo received IL that aside
IRON. ths olhoE manifest ohse.oD6to 10 SAGA course Il 10
by rcrson Of legal objections Trrasticatls nEd that
IN, r.icrp, Of that nature head onl. 10 litigation
I'D loss.
~ have thus presented tho cprscguences OF concur
ce or lilo part OF stockholders IN The plurs II Mr.
Jpdyke. IT, on tho other hand, ihess Goaemes oyos