The times. [volume] (Richmond, Va.) 1890-1903, 1895-12-15

Tho resignation Of Iir. j. B. Pace az
prcsident oil tnc Planters National lam
and also as president OF ihe virginia
Trus; Company was announced AT '''
close az business yesterday. MI iaV'
tas bcen confined 10 his residence Tor The
past two months by painful sickness
Canned with this announcement OF the
resignation Of Mr. Pace from theec TWO
nromiu.ht positions WAS the sling 81 "A
d.ed Of assignment 20 Mcssis y. ). Non
taeuc and George l.. Christian. trustees
IRE letters OF resignation Of MIR. Pace 10
the Planters National Bank ana the VIZ
eiria Trust Company. and the reSclu-
,fons OF sympathy expressed by the
boards. were kindly furnished by the ON
e. of the respective Institutions. This
svmnafhV expressed by the directors oi
thcse institutions is felt by this 'entife
community. and the hope for the recovery
nj AIR. Pace to health and prosperity U.s.
universal. 49,.
Mr. Pace Is highly esteemed in this
community. end none most justly 50. IN
every effort FOR the advancement OF This
city's interest. me has been FIRST and iof,-
most. aud his administration OF the al
fairs Of the institutions over which he
nresided has been marked by success.
and they to-day stand unimpaireo nf m
evidence OF his good judgment. As WI"
be seen IN his letters Of resignation none
of the Institutions over which hc pre-
sided stand 10 lose dollar an" 'hti'
capital and surplus Is as shown ara Neri-
fed By the statements 90 theii oHiociS'
MR.. PAGES SUCCESSORS.
The board Of the Planters National
Bank. after accepting thc RESIGNATION o'
AR Pace Yesterday. elected MI +. {.
Williams. Jr.. yice-president OF me !. =.
Williams Tobacco Company. as director
~ nm the vacancy on the board. ana then
elected as president of the bank Mr.. j. }.
Montague one of Rchmond's best Gnu
u.ns who has long been identinec with
the Planters National Bank as a director
rne Virginia Trust COMPANY upon "V-
ceptipg the resignation OF MI race a.
nrcsidcnt. elected Mr.. James \. BOYD as
his successor.
This community and the business pubic
yciu moi coon forget the generous ana
courteous treatment always extended 10y
Mr. Pace. but ~ Is a cause OF consfatula-
lion that the places OF such prominence
held by him have been filled by genue-
men OF such well-known abihty an" '""'-
aCtcr. ..-,,.,,>-
The following letters are explanatory
Richmond, Va. Dec. IA, $50.
To the Board of Directors Oh the rant
ors National Bank.
Gentlemcn.-I beg 10 tender my resis;
nation as president and director OF "
Planters National Bank. II IS a mat
Ter Of profound regret that am COM
nelled TO take this step. and sever my
Connection with the bank which has 80
grown and developed that II has now
a surplus Of over Ss01O0o. ana Is one
OF The strongest and most prosperous IN
siimtions in this State.
I shall satisfy every dollar of inde'ted-
meas 70 the bank. whether as drawer
I...lI I.s~f IN COY
vcvne 10 IL real estate OF the choicest
character IN the city of Richmond. whici
ViclIs a rental income that makes u
worth all that the bank Will take u az
and il Is satisfaction 10 me that thl'
hank will thus bee amply protected against
any loss i'm consequence of my misfortune
j. y. PACE.
Richmond. Va. Dec. "A, 1898.
To tl-, Directors OF the Virginia Trust
Company;
Gentlemen continued nl-hcalth and
financial cmbarrassmcnts both suggest 20
mo t-c pr0priety of discontnuing my
relations with your company, as presi-
dent and director. In dissolNing my re-
nection with your company. ! have only
IN say that. while / had looked forward
with no little ambition and much pleas
IRE, 10 continuing as your president
knowing as I do that your company rs
destined 10 grow 20 great success yet
feel that the interests of your company
can be best promoted in the hands OF
some one other than myself.
In reference TO my financial troubles.
desire 10 say that no institution with
which / have been connected VIII suiler
the loss of one dollar.
Thankful TO each and all OF you Tor
great kindness and consideration always
shown me- am. your with great re-
spcct.
(SigneO j. Il. PAGE
RESOLUTIONS OF SYMPATHY.
At Il meeting of the Board of Directors
OF tho Planters National Bank, held yes
terday. IL was, on motion,
Resolved. That this Board OF Directors,
IN accepting the resignation of Mr. j. y.
Pace as one of their associates. desire 10
cypress 10 him their sincere regret and
sorrow at the misfortune which has come
upon him. Having been associated with
him for years In the nearest ana most
intimate relations, IL is with the deepest
sorrow that this connection rs severed
and they desire to express to him thell
lifelong esteem. sympathy, ana conh-
dence.
AT a meeting OF the Board OF Directors
of the Virginia Trust Company. held yes
terday. the following resolution was unah'
imously adopted.
Whereas. the Board OF Directors Of the
Virginia Trust Company have heard with
deep regret Of the Illness OF its president
Mr.. James b. Pace. which nocessitates
his resignation of the Office of president
and director Of this company. and 1t IS
eminently proper that this board should
express It's sympathy for this true and
well-tricd citizen, therefore be II
Resolved. That SNe tender 10 Mr.. Pace
our profound respect and tender affec'
ton. In so doing We but express Tho
sense Of this entire community. and We
earnestly pray for his speedy and entire
recovery.
4. W. BRANCH.
THOMAS POTTS.
A. l.. BOULWARE.
=. Il. MORRIS.
MOSES HlLLHISEk.