The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1877-01-18

| NJ. HARVEY EFFINGER, EsQ.--The Board
Of Directors Of the National Valley Bank, Of
| Staunton, having reduced the salary Of
NJ. Harvey Eainger, Esq, from $1,000 to
| $1,000, that gentlemen promptly requested
the President of the Board to call special
meeting Of the Directors, to which he ten
dered his resignation. 1t was accepted, ac-
companied by the following resolution:
Resolred, This Board have received with
regret the resignation Of NJ. Harvey Efflnger,
| ESQ.,, as the Cashier of this Bank, and here
by resolve that in accepting the resignation,
which they hereby do, they desire to render
to Mr.. Efiinger their testimony for the great
| skill and efficiency with which he has for
many years managed the affairs OF this Bank,
anG the uniform courtesy that he has always
shown to the members of this Board individu-
ally. The Board express their heartfelt de-
sire that the rest from labor, which he so
greatly needs. may result in the improve
ment OF his health, and that they may long
enjoy the pleasure of his association and his
advice in the management OF this Institution
in which he is largely interested.
Resotced, That copy OF this resolution
be furnished to Mr.. Efflnger by the Secre-
tary.
The resolution does scant justice to Mr.. Ef-
finger in its re ference to his oficia. relations to
the Bank. 1t was his wise administration of
| Its affairs that mostly made it what it is. He
had SO managed the First National Bank, that
it was regarded as one Of the most judicious
and successful banking institutions, for the
capital upon which it operated, in the coun-
| try. 1t was upon the high tide OF unexam-
pied success, when it was determined to con-
solidate with the National Valley. After the
consolidation. Mr.. Efinger's financial abili-
ty was still more signally displayed, working
out the most gratifying results for the stock
holders, at the same time accommodating the
people. His strict integrity, scrupulous truth
fulness and affable department, won to the
institution many friends. and enaeared him to
the community. He was Just and fearless in
all his official dealings, governed in his ac-
ton by high sense OF right, and always
leaning to those whose honest endeavors in
business were sometimes clouded with en-
barrassments. No man has more true and
geauine friends in the community than Mr..
M. Harvey Effinger-no man stands higher
in the estimation Of the business men Of com
munity-No man, whose honor, whose sem
sitive self-respect, whose courage In follcw-
ing his own convictions of duty, would more
conspicuously mark him, than attach to Mr..
Efinger. The ''regret' of the business COM
munity will be equally sincere with that Of
the Directory, that Mr.. Effinger is no longer
officially connected with the Bank. While
from recent physical Affections he had not
been as active in the work ordinarily allotted
to the cashier, yet his almost uniform pres
ence during portion of business hours at
least, each day, manifested the interest he
took in tlle affairs Of the bank, and the gen
eral Supervision which his clear and we'll bal
anced mind was ready to extend.
Bis successor, Mr.. T. A Bledsoe, will fill
the position az well as any one who could
have been selected. lie has had much ex-
perience in bank affairs, having been almost
raised in bank. Bnt Mr.. Efflnger will be
greatly missed. and regretted, not only as
announced. by the Directory. but by the de.
positors and customers Of ,he Institution
His resignation was foregoi,e CONCLUSION
| feola the action Of the Directory, for, as lie
informed them, be did not desire to be re-
garled as a!''pensiqner'' upon the bank. =
His ample fortune, as well as his sense OF
self-respect, forbid that lie should have f.
| tanned a mere nominal relation to the insti
tuition, as the salary OF 81 600 would imply,
| MI tln- ho l.,, n tod M MI.
| result than that announced In his re55gnation