New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-11-25
o. d. B4LDWINS RESIGNATION.
OUT OF THE FIFTH AVENUE RAILROAD.
NO LONGER ITS PRES DENr-DID THE DIRECTORS
or HIS BANK INTERFERE'

NO LONGER ITS PRES DENr-DID THE DlkEOioh'
or HIS BANK INTERFERE'
The Fifth Avenue Railway Company mas
its I'D The head cut itself of on FRIDAY aS ou'
IL has kept the secret well that the proceeding mas
only now came TO light o. ID. Baldwin, the p'es'ue"'
of the Fourth National Bank, became In course OF 'ne
and for various reasons the president OF JACOB sharp
schepe tn RIM Ftbave as a benevolent institu ion by
uniting ,ilroa in 1t for the good OF those Directly
interested in the railroad. IL Is sald that A. o.
Hatch, sometimes known as goou M
Hatch" had time OF it In persuading
the genial Mr. Baldwin to become the vsiOe heao ana
front of the raj way company, but he finally succeeded
After The cIandcstne purposes Of the Firth Avenue
hallway Company began to evoke natural espresso"
f pop,lar Indignation. some OF the directors OF tine
Fourth National uk began to poster themselves aoouV
the effect winch Mr.. Baldwn's railway project "iSh'
have upon tn bank They pat their heads together anu
thus held communion: Mr.. Baldw II is not uuai
being He be the president OF railway when j.
the objrct OF the of the property-owneiS III
Fthave while AT the time lie renalps the hoau VI
a bank wherein property owners on Fifth ave-, are
wont to dep their money, because these drpos'orS
will look sidrlong glance upon the man VINO cou',
enances grab at beautiful avenue WHICH 10 o"o VI
fherSnpon tnis sentiment was preached in Mr. Bald
wins hearing so one of those self sane directors say
nd after the difficulty OF mis- stradliug attitude hu
n cautiously presented to Mr. Baldwin II was gently
hted that not Janus aud could not easily loon
Two WAYS at onca-oward the bank and toward Jacob
sharp. Mr.. Baldwin sent IN his resignation as inc
Pre- sidcIt of the Fifth Avenue Railway Company
Yesterday he explained the whole matter III the lolIo"-
lerse aud interesting English: &c., r,. o,,or-
81 have resigned BECAUSE found was over
worked. My duties at the bank are 50 exactlng thnt
have time acting president OF railway nat
Is all there is doing too much ana so re-
signed" a.. L.,
"Thcn none Of the directors urged upon You the I'M
possibility OF your acting III both capacities
mo" ,,,..,
And no depostors of the bank who are also tl1th-
ave prop rty-owncrs complained OF your duai posi-
ton T.
NO. on the contrary. one OF the proprrty-owners
came here AMI said he wished To make deposit mere
because OF my position -,
A director Of thc hank said: "Three or four other
directors told Mr.. Baldwin that ne ought nOt
to hold both positions, and he resigned from tue
railway" -, l., .
Mr H. ldwin came back from his summer vacation IN u
roscne state of health; he now looks pale hhd over
worked. The directors of the railway say that thry
have splendid material" from which To choose II new
president aud that they will sUoh put another heau Oh
themselves. $3.50,
The executive committee OF the Association for the
Protection of Fitth-ive., as thOrouGhIaio nSu "
meeting last night The Buckingham Hotel All per
who opposed to horse railroad III that tn9r,
oughfaro requested to send then mines ana tne
srort numbers Of their homes to David Mlliken IT, the
secretary of association at the Union lFagu CIup
The hear n bciorr the AhcrInrns Railroad commit
tee the Fifth Avenue Railroad matter was postpoheu
yesterday To DeCcmber5.