New-York daily tribune., 1864-04-12

dpes and treating every member Of the Board with tb,
utmost courtesy and consideration 1t Is not true. az
stated by the six Directors. that assumed any prero-
gatye not properly belonging my Office On the con-
trary consulted the Board nl questions appcran-
ing TO the management Of the bank. and Invariably
acquicsced in and carried out their decisions went
further and os the sake Of harmony. and in the hope of
securing H. I permitted them In some cases to exer-
else functions properly belonging to the executive
officers Of the bank But II all of no avail The
determination of the majority 10 make the position too
unpleasant for me to retain, became more and more
manifest Taey refused to appoint an active Vice.
President though q most acceptable was. It was
believed within onr reach They neglected to appoint
A Cashier though the OF most uGeGceptionab!e
one was proposed and urged by me. They put IN the
bylaws o provision requiring the President to give
bonds though they admitted that there was nothing In
the law requiring it, anything in custom to justify
it, Willie their conduct was becoming more and more
offensive and IL seemed 10 me in reckless disregard
OF the interests of tho bank took occasion to consult
with some Of the larger stockholders to ascertain II they
would justify in resigniug my position. which had
now become exceedingly disagreeabo to me. Win one
accord they answered in the negative, saying that they
would donounoe ne II voluntarily abandoned my post
Finally the majority OF the Board became more ont
Spoken and informally expressed tie wish that should
resign. told them cordially that such had long been
my desire but that my OF duty to the stockholders
forbade IT, / reminded them that l was in no degree
for the existing discori that bad per
formed my duties with such fidelity TO the interests oil
the bank That they had never criticised single ono oil
my official acts, and that deGcd them to point to o
word uttered by discoureou TO any member OF the
Board. | added that it appeared to ne that the only
safe method Of restoring harmony and subservng the
intcrc Is of the bank would be TO call meeting Of the
shnreholders tender to them designations and let
them elect Board.i To this they rejected. Onthe
following day. Mr. Taylor offered Il resolution to tls
effect which was seconded by ne but which was voted
down by the majority Of the Beard At the same time
they refused g. consider tie question Of appointing
Cashier or ,n Assistant Cashier although we were still
without The frst.namcd officer end the latter had re-
signed his Office 10 take effect few days thereafter
Nothing remained to me but to submit the case to
some Of the large Shareholder and ask their advice
They decided with great unnnimii! TO call general
meeting OF tie shareholders TO consider and determine
what action in the premises would best snbserre their
own and the public interests. At that meeting 1t my
purpose TO present full statement Of the facts and TO
give my for uppedending that the interests OF
the shareholders VIII not be safe If the bank Is permit
ted TO be controlled by the present majority OF the
Board snd further to state tho only theory which to N!
mind explains the combination formed against me from
the moment became President of tie bank After do
ing this shall with feeling Of great rcf tender TO
the shareholders my esgnation Of trust which, rs
have said never sought desired and which re-
ceiyed rather from them than from the Board of ID
rectors.
Meanwhile append hereto the certificate ofthe late
Assistant Cashier hr Roston. and Messrs Taylor ard
sthrop two Of the Directors 10 prove that nv conduct
has not been Of the Aggressive character charged by The
majority Of the Board but uniformly courteous and for
bearing under orcumsiance Of great proVocaiien
In conclusion. however. l cannot Withhold the e1'
preston Of nv surprise that Mr. whitewrisht should
have signed tho published card II tho Directors as he
as no party to the controversy aud knows nothing Of
its merits having within few days only claimed 10 bo
a member OF the Board. GtoRGr orDfhE'
Nee York April IL, lsci.
The undersigned take great pleasure in stating that
Mr. OrpIKP, tho Presideni II the Fourth National
Bank Of this oy has always e'nced In bis department
toward the Directors of the Bank uniform kindness
ard courtesy that he has exercised authority not
properly belonging To his office that ho has attended
faithfully to his official duties and that lie has. n our
opinion always been foTbearing, and reirnired from
every soT1 VI aggression.
ROBRRT L. TAYLOR. Director.
j.. d. LATHRoP Director.
H. q. Rofsros.
6p,Rll 1894 late Assistant Cashier.