New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-28
PRESIDENT CRANE WON.
UNSUCCESSFUL ATTEMPT TO hhNoNE
HIM
CRITICISM IN WALL STREET oF THE REPORTED
INTENTION ny THE Erw M>NAGEMENT OF
THE SHOE AND LEATHEE hANN

CRITICISM IN WALL STREET 'f III" '' -"
INTENTION BY THE NEW MNNAGEMENT OF
THE SHOE AND LEATHER hANN
TO DISMISS ITS EMPLOYEES
An interesting Niece o. Information was learned
Yesterday concerning the efforts OF the ne" man
agement of the Shoe and Leather BANK 10 'e"oNo
Mr.. Crane from the presidency. Al '"e mems
of the directors Friday every 'H"'' was "''
to resignation from Nj crane ny ''' ~"
directors. bu; the effort was unSl''Ss'"' '
of the directors wanted TO demand MS resignation
but the others would not consent "''""S' III 7"
Mr. Cranes influence the .arge business OF me
Metropolitan Life Insurance Company II uo"r d"
great part "a the Shoe and Learner ha"h i
Insurance company keeps large "cPoS' d" NV
bank. and Mr.. Crane IL "''C''' Vt NV
METROPOLITAN Life his influence brought the com
pnny's big deposits TO the bank Il MI '''"V
were removed from the bank me new uptown
Standard National Bank would u was sain' k''
rho business BEFORE the directors meeting the
new management thought IT would nave us o""
way about forcing out the president bu' me reS"
WAS JUS; the opposite to what they eXpectei' anu
when Mr. Crane came out of the meeting ne h'i
= broad smile on his face which seemed 20 give
the belief that somebody's plans had ms'arr'eu.
Mr. Hntner's announcement that all the clerks
would 20 has caused them to be locke" at 10y an
visitors at the bank as in some way responsive
for the state Of affairs there. and they near all
kinds Of UNPLEASANT and hurting remarks. such as:
well Old man how much did YOU get ana When
will Won co. The clerk who resigned last week
told friend that of his reasons Tor a"'he 80
was that while he stayed In ihe bank ne was pes
tered and worried iy the well meant but annoy
ing. remarks % his friends about the sou '''HS
he had at the Shoe and Leather.
Thu, course of the new MANAGEMENT OF the hank
since the Aymar defacation has received consider
able criticism IN Wal stree. and .u TWO Ho"nio"h
banks last week the statement was made th'' inc
way the management OF the shoe and Leather
Bank had been acting showed either thai tn" officers
were. rather or else too young for their worN
Mr. Crane as preS lent of the bank. has not been
considered n thcs" remarks. for he * o.: tn" OLD
management while In" new management. healed
by Mr. Hiltner the ycc-prcsient. has apparently
the control and has been running things after IT,
own ideas. What the downtown bank officers oh
iect 10 most j. the statement of Mr. Hiltn"r mat
all the obi employees would have TO 90. such a r.
mark was not considered polite. even though ~"
clerks TO 20. and II was not considered wise III
view Of the recen' trouble the bank has been N.
ON the day following the announcement that "a.
the Oh emp.oy.s would b. discharged, Mr. H.,tner
modified his statement TO a certain extent 10y savinS
that he did not mean al. but some. The point is
taken by Mr. HN,ners critics that Ne has 20 right
TO turn out into the world men who have served the
institution faithfully for wears ON prceXl. except
that he vans new blood" in the bank Axe may
impair mars menta. quality and make II adyisa-
bic tor him 10 be retired but IN me cas-" @; ne
the not on mat their powers nav" heen
diminished. and glance AZ the faces of ~" bank
clerks shows that few Of them. II any ar" N"ar n"
age whore Their capacity FOR work = supposed -
he weakened Many of tho mon in me ,hank haV"
been thera for i've. ten. fifteen and twenty wears.
They have worked Their way NJ from the lowest
petitions I'm the bank. and now have reached p.a'--
OF trust 10 which thor ;oug years Of toH worli
entitie them
The men in the National Shoe and Leather Bank
who are thus theatcnel with dismissal ar" ID no
position retire from work on what they hay"
made for their salaries hve not been large. and.
though they are competent energetic ana able. fhey
cannO, hope 20 secure other employment A. once.
AMI perhaps never because mar cisIn Ss"i from
his position has .ttl" chanc" of getting another
M Hutner hrs found nothing wrong win 10" men
whom. j. Is said he proposes 20 discharge. ana Do"
has taken particular pains to inform tho pubic %