Morning journal and courier., 1888-12-20
mR. ELLIoTT's RETIREMENT

From the Presidency of she National Tradesmen's Bank Resolutions Adopted by the DirectOrS-LOng and Valuable Service.
 The resignation of M. G. Elliott as presi- dent of the National Tradesmen's bank was
 received by the directors on the 10th inst.
 and referred to a committee, which reported
 at meeting of the directors held on the 18th inst
 The committees report and the action of the directors thereon are given herewith.
 ''The committee to whom was referred the
 resignation of M. G. Elliott as president of
 this bank respectfully report as follows: That having conferred with MT. Elliott we learn that while his interest in this bank is undiminished, he is unwilling to have the re- responsibilities of the office of president while the state of his health prevents him from fulfilling it's duties.
 And since your committee are satisfied that the acceptance of his resignation will be
 relief to him they are prepared to recom- mend the adoption of the following resolu- tions:
 RESOLVED, That the directors of this bank learn
 with regret that the health of Mir Elliott is
 such that he desires te be relieved from the office of president of this bank.
 RESOLVED, That having held this office since the organization of the bank in 1855 and having now resigned it on account of advanced age and contn
 ued i'll health, 1t is proper that his wishes should be respected; therefore,
 RESOLVED, That the resignation of Mir. Elliott as president of this bank made under date Of De oember 10. 1888, is hereby accepted to take effect January 2nd, 1889. And it is further Resolved, That in accepting Mr. Elliott's resigna tion the directors would recall with pleasure the main facts of his connection with this bank, and offer to him our sincere congratulations upon Ho was virtually it's founder He has been it's president for thirty-three years, during period
 ness and financial world During this long period
 of more than generation he has retained the con rectors and of the business community a msrked degree, and his administration of its affairs has
 been not only honorable to himself, but profitable
 With this brief reference to the past they would
 express the hope that in the future his well earned
 relief from the responsibilities of the office of pres ident may add to the number and slso to the hap piness of his remaining years.
 The resolutions offered by the committee
 were unanimously adopted.
 The election of new president of the
 National Tradesmens bank, who will with
 out doubt will be the vice president, MT.
 George A. Butler, will probably not take
 place until early in January. MT. Butler has
 been in the banking business for twenty
 seven years and is prominent among the
 fnanciers of the State for ability, discretion
 and integrity. MT. Elliott, who retires from
 the presidency, is now eighty-six years of age
 and has been president of the Tradesmen's from it's founding in 1855 until the present time. His colleagues at that time as bank presidents were Nathan Peck of the Mer- chants, E. c. Scranton of the Second Nation al, J. W. Frisbie of the Mechanics', Hervey
 Sanford of the New Haven, E. 0. Reed of the City and Colonel W. s. Charnley of the Quinnipiac, now the Yale, of whom two have passed away. Mir. Elliott retires with high
 record for efficiency, integrity and valuable service.