New-York tribune., 1890-04-01
A CHANGE OF PRESIDENTS.
BRAY ron IVES SUCCEEDS c. N. JORDAN,
He WILL BRING NEW CAPITAL TO STRENGTHEN
THE WESTERN NATIONAL BANK, 1T
is THOUGHT.

For some time an impression has prevailed IN pahN
ing circles that a change In the managcmen' VI "'o
Western National Bank was lmmaent IL De'a,'
established shortly after the development oi vi.
scandals connected with the change In the coh'roi VI
the sixth National BanS. While no charges OF ih-
nronrety were made against the onIccrs Vi ''o
Wcstcrn National the n0tOety II achieved IN respect
r. tho transactions with the members Of the syndicate
flat purchased Charles II. Leland's stock III 'hc
sixt, National was regarded Il, unfortunate Dy many
Of the friends Of the hrstnaned hsutuuoh' Fo' 4"
tine afer the exposure OF the oiAth Natolh iFduuS
the stock OF the Western National was uhusuaip
active az the stock Exchange and at lower prices
,,an had becn ,ulng. Evans r. Dick, o! the New
Vol, s,och Exchange firm OF Dick Brothers ~
Laurence No. IL Wast., and OF the Phadeipha
firm Of Dick brothers Co.. resigned d.
dircc4or IN the Western National. Mr. DICK at the
time would not say that his retirement was tAe IT,
sult Of dissatisfaction with the management lhe
vacancy still exists,
yc.terdav the roard OF Directors Of the Western
xo+,onaI psnI accented the resignation Of Conrad y.
rora,n a. prrs,dcnt and director The board cIcctcn
pravton Ives TO I'LL these two vacancies. Nir ives
take, control a. president at once IL Is uhoeIs'ooo
that Vice President Charles J. Canda Is fed"S 10
surrender his office. but no action was Vi"cn vi
this point The lod board of directors Is atso Willie
to retire. but no further changes VIII DC 'na'0 a'
urcseut II was announced that entire harmony ms
attended the negotiations which have resHten N .'V
,lcctlon Of Mr. Ives who. it is UNDERSTOOD VIII Dris
now capital in 10 strengthen the bank. some Hieius
of the bank have regretted that IL mas pcci ~
popularv identified with the politics OF inc iaSO Ai
r,inis.raton and the Repuhlcansm Of Mr. Ives VIII
tend TO remove any impression that the mstl'u'ion
Is controlled for the benefit Of any faction OF party
pravton ives the new president OF the western NA-
,on,l is we'll known in social and financial circles.
Io ha. bccn treasurer or the University CUB ana IS
.lso \ ncu,Lcr OF the Union League and the century
clubs Ucis collector Of books and manuscripts
and an cxIcr in brio a-brtc and ns hDraS Is onc u
tne finest private libraries IN the city lie became
member Of the stock Exchange on May > l7oY, anu
Tor yoar, was an Influential member OF the Governing
Vo,nu,ittcc lie served two terms a, pc'"'ent VI
thr f,Nchaucc-in Isl, and 1879. Nr ives - ndus
NJ Connect cut ard graduate oi falr. re Md3
colonel of a Connecticut cavalry regiment III .hc 'NH
war and was made bieVct bri5ldier General AZ Ibo
close ON the Recommendation OF General >htludn
vim whom he had service re IN, D'cn '%vl %
nccfod With a number Of railroad companies ana MS
financial ability is generally rccognizsd. ,, :,
Nr ives had arranged to 90 10 Europe WIN Ms
family within "A week. having engaged passage ana
rnriotcd All his arrau gcmcnts for the vac alton hls
accc,tsncc of the office of president OF the Western
National Will ncccssta.c his remaining lere Out MS
family will not change their plans