New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-10-29
RENEWAL or CONFIDENCE.

ENCO URAGING SIGNS -- RESIGNATION OF BANK
OFFICER
A better feeling prevailed in Wail-st. yostet-
day. the impending disasters which were alleged 10
overhang the street having kindly deferred bursting
until future date The adjustment OF the Lake Shore
loan with the Union Trust Company had beneficial
effect which was marred by the publication of tue
baukruUtcy proceedings against the Trust Company. In
addition reported that the condition OF the banks
had greatly improved, the increase in legal terders
being over sl,COOOGO circulated that the
banks had concluded TO defer the disconunusnce
OF the pooling arrangement, as IT was
feared that the weaker banks would not
he abe TO withstand the demand for currency, TINS
rumoI however. contrddctcd by tho officials of the
Clearinghouse The stock market firm, and the
dealers were not disconnected by small failure which
was announced. An event which excited some interest
was tile resignation Of James H. Banker as VcePresi-
dent Of the Bank OF New-YOrE. Tie following Is the
correspondence;
To he Plcsdeu. and Directors o. ne Bhk Of hcC York
National Ranking AsocGhoH:
GENTLEMEN: owing To The present excited condition
many false rumors respecting myself may pfju lice the
interests OF your bank arising from my connection VIII
IFS management as President. The position, you
an know, which have faithfully abofed for
tie past ten years without compensation OF any Alnd ana
without in any benehtuc myself pecuuiarlly or
otherwise by the connection. suppose need not as
YOU Of the utter alsy OF all stories or statements
proper appropriation or dvcr0u OF funds or securities
WITHIN my control under any circumstances and nave
only at present 70 say with respect TO all sneh false
statements. that my complete virdcaiOu viii coon DC
made manifest, But under the circumstances, aud IN
view OF the necessity OF giving al my attention TO my
private affairs must permit me 10 resign my position
az Vice President Of the bank and accordingly tender
my resgnation 20 take effect forthwith. With sent-
mentB Of respect remain, you're, DC.
JAMES II. BANKER.
NEW YORK. oct Is, 1879.
JAMES H. BANKER. esq.-Dear Sir: la answer TO
your favor the 2th instant rendering TO the President
and Directors Bank OF New YOrZ resignation
ms PRESIDENT directed by the Board that
i'm accepting At your solicitation they do with
gre that Circumstance should have caused you 10 feel
In necessary and with entire confidence IN your ability
20 vudlcate yourself from! the calumnOus rumOrs which
have been circulated TO your prejudice. While they
recognize the fact that you have never used your posi-
tiOu in the bank for your personal advantage the Board
refers with great satisfaction TO the valuable services
you have so long and ably rendered il. Yours WITH
much respect, {, j. LEVERIcH, President
The Only other incident recorded OF the banks yesterday
il the putting head the Leather Manufacturers
Bank-the head OF buli carved in marble and placed
against OF their structure. Wnat signi-
cance there may be such emblem Is puZx e. uI-
less it. is intended IMPLY that the institution Is long
of the market and u So 1t would be interesting TO
know whether anIo-panic or gOstpanic prices The
strength of the depends It's may be, on which
horn Of the dilemma II was that was chosen.