People's party paper. [volume] (Atlanta, Ga.) 1891-1898, 1896-09-04
WHY REED RESIGNED.
He Believed 1t Was His Duty to
Leave the Bank
n the Atlanta CONSTITUTION.

From the Atlanta Constitution.
BRUNSWICK, Ga, Aug. 26.-The
following is given out relative to the
resignation of Mr.. w. H. Reed, presi-
dent of the National Bank of Bruins
wick, and will correct the impression
that differences existed between that
gentleman and the boar Of directors
Under date of August oath he ten
dered his resignation in letter which
reads as follows:
"To the Board of Directors-The
National Bank of Brupswick-Gen-
tlemen: I respectfully beg to tender
thip, my resignation, as president and
director of the National Bank of
Brunswick, to take effect net later
than the LIST proximo, or as soon as
your committee can examine the af-
fairs Of the bank so as to formally
relieve me.
81 am impelled to thus reluctantly
saver my relations with the bank, for
the reason that my connection with
the national executive committee Of
the Peoples party would unquesion-
ably compllcate the banks relations
with many of its connections and
patrons, and further, it would be I'm.
Just to the bank should | continue to
remain as lis president aud devote
my time during the campaign to
political work.
81 take this occasion to assure the
board that the newspaper reports
purporting to be interviews with me
indicating differences between my
self and the board or the officers OF
the bank have no basis in fact, as l
have never submitted to an interview
upon the subject of my relations with
the bank. Such repor have all been
merely manufactured conjeotures. I
desire further to thank the members
of the board for the uniform courtesy
to me on all occasions, and for their
earnest cooperation in all matters
affecting the welfare OF the bank.
''My best wishes will continue for
the success of the bank and of the
individual members of the board and
the officers and clerks with whom l
have been so agreeably associated. l
remain very respectfully,
"H. w. REED"
When the foregoing letter was
read before the board Of directors it
was received and accepted in the
passage of the following resolutions ;
Resolved, That the resignation OF
Mr.. H. w. Reed as president of the
National Bank of Brunswick be and
the same is hereby accepted.
Be it further resolved, That in &C.
cepting the resignation Of President
Reed, we do SO with sincere regret
and that he ID entitled to and has the
thanks of this board for the able and
efficient manner in which he has
managed its affairs, and be it further
Resolved, That Mr.. Reed bears
with him, wherever he may go, the
confidence, esteem and the kindliest
wishes of his success and prosperity.
Differing with him as some of us Go
on the great financial question that
now agitates the whole country, we
cheerfully accord to him the same
sincerity and honesty of motive that
we ask for ourselves.
In the past the retiring president
has been the active manager of the
banks affairs aud conducted them on
an admirable basis, leaving as aresult
Of two years labor surplus and I'M
divided profit of nearly $4,000, be-
sides paying an annual dividend of
8 per cent.
The advocacy of the principles he
believes are involved in the present
campaign and which he believes are
best cared for by the Peoples party
in its present platform is nothing new
to Mr.. Reed, nor have his voice and
pen b ,en silent in the past in regard
to them. lie has been studying the
questions involved for years and for
the five just passed has advo-
Gated his views personally and
through the press without hesitanoy
and without question being asked
as to his motives. Oflioas have been
rendered him repeatedly by the party