Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-01-24
MR.. BRIrrON RErIREs.
Change In the Management ofthe Americas
Security and Trust Company.

security and Trust Company
Mr.. A. I. Br ton. the president of the Amer
lean Security and Trust Company, at q meeting
OF that companv today announced his retire
ment from the presidency Of the company. His
reasons for this were stated briefly and we're
to the effect that poin, had been reached in the
affairs OF the company when a change in
the head could be made without injury to any
OF the important interests managed BY the
company. that it had been his intention from
the start to resume the practice of his profess
sion at the earliest practicable moment aud
that his private business, well as health. was
suffering from the demands made upon his
time and strength. While among his personal
friends this decision Of Mr.. Britton had been
known for some time. vet this formal
announcement was received by his associates
on the directory with expressions of genuine
regret. Mr.. Britton had been mainly instru-
mental in organizing the company. and in the
large part OF the credit for the great develop
ment o. the company in all its branches
was due to the fine executive ability and untir-
ing energy of the president. Naturally there
was reluctance expressed at losing his
services. and Mr.. Britton was told that. with
good deal more that showed in some degree
the high place which he held in the
confidence and affection of his associates.
However, Mr.. Brittons mind was made up,
and recognizing that their interests must give
way the resignation was accepted. Mr.. Britton
announced his willingness to be Of any service
IN his power. He will Of course retain his in
terest In the company and he accepted the
cbairmanship Of the executive committee
Mr.. Charles ]. Bell. one Of the presi-
dents OF the company and we'll
known business man. WAS elected to fill
the vacancy caused by the resignation of
La
positions Of vice presidents salaried working
places instead, as heretofore. to a large extent
ornamental. Mr.. J. ". whelpiey the assistant
treasurer Of the United States. was made first
vice president and treasurer and Mr. George E.
Emmons was made second vice president and
secretary.
OFFICIALLY ANNOUNCED.
The following statement of the changes was
given out at the office Of the company at the
end of the directors meeting this afternoon
Mr. A. I. Britton this afternoon resigned the
presidency OF the American Security and
Trust Company and Mr. c. j. Bell.
heretofore frst vice president has been elected
and has qualified as his successor; Mr. James W.
Mheipley, assistant treasurer of the United
States, has been elected first vice president and
treasurer. and has accepted the position
70 take effect on the LIST of February.
Mr.. George E. Emmons has been elected
second vice president and secretary. The
former second vice president. Col Henry F.
Blouat. was of the opinion, in which he Sc
cured the concurrence of the directors, that
this office should hereafter be salaried. and AZ
Col. Blount declined to accept compensation he
made way for his successor.
Col. Britton originally accepted the po-
sitIon OF president upon the express
understanding that he could retire
when the business of the company had
been successfully organized in all its
paving basis. That point has been reached and
passed, and after three and half
years of service Col Britton insisted
that both his health and his pri-
va's interests required that the original COM
pact should now be carried out He will. how
ever, remain upon the board OF directors. and
will for the present also serve as chairman of
the executive committee