Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1898-02-10
FIRST NATIONAL BANK, DOVER
Retirement of Manlove Hayes
From Board of Directors.
RESIGNATION PRESENTED JAN. q
Was Reluctantly Accepted on
Thursday Last.


ppeclai Correspondence OF Gazette auI Journal
Doyor, Feb. s. --Manlove Hayes has
retired from the board of directors Of
the First National Bank.
In letter dated January 9th, adj
dressed to ii, A. Richardson, the
president of the bank, Mr.. Hayes. said:
Iu rendering my resignation as q
director of the First National Bank, |
am only carrying out the purpose
which, you may remember, | mem
toned 10 you a year ago. feel that,
ut my age, il is better that | should
divest myself of some OF the business
cares and responsibilities that have
rested upon me, or that have volun.
tarily undertaken in past years, and
confins my attention more directly to
the management of my personal affairs
From the examination made by COM
mittse OF your hoard, and more re-,
CT ntly by the government examiners OF
national hanks, the financial condition
of the First National ia shown to be
excellent, aud will doubtless continue
TO he go under the care OF your efficient
cashier and by the present management
of its directors. j, therefore, now feel
free to offer my reHignation, which
could not have done during the period
when tho institution was in trouble
from the dedication Gf the late teller.
With every wish for the future success
Of the bank, and the kindest regards
for you personally and for the board
individually. Yours truly.
IN. Hayes. "
At meeting of the board Of
directors, held on Thursday, the fol
lowing was ordered to DO sent to MIR.
"The board Of directors of ths First
National Bank Of Dover, on Thursday
last, postponed the consideration OF
your resignation as a director of said
bank until to-day, unanimously ex.
pressing tho hope that you could be
induced to withdraw the samo but,
upon consulting with you and being
unable TO reply to the reasons you adj
vanced for said resignation, it has bean
reluctantly compelled to accept the
same and, in doing 80, has passed. the
following resolution:
Resolved, That this board re.
luctantiy accepts the resignation of
Maulove Hayes as a director in this
bank, to take effect Immediately. II
realizes that his long service, con
tipuous since the formation Of the
success, and that his conscientious,
punctual aud careful discharge Of bis
duties as director entities him to the
hearty thanks of all interested in the
institution. The board wishes him
many years of pleasant retirement from
the active and onerous duties OF public
life to which he has 80 faithfully at.
tended in the past, and only regrets
that his wise counses will not be
available lie the future management oil
the institution.
1T is needless to say that as, ono by
one, the original directors of the bank
drop out from the board, and leave the
responsibilities to others. these vacan
cies are extremely hard to fill, and il il
the wish OF those that remain that the,
may be able to ill the positions az con
scientiously and as faithfully as they
have always been attended to ia tht
past. No one has been more close i
identified with the First Nutiona
Bank of Dover than you, and no ont
has given it more earnest and faithful
service, and the board feels that yol
have earned the thanks not only o
your associates in the board. but alst
OF the Stockholders and all interested
in the institution. 1t shall feel frel
in the future, us 1t has 10 the past, Il
consult you in regard to any question
which may arise in the management o
it's affairs, and it feels sure that
although not actively identified with
it, your knowledge and experience viii
always be available when usked for
Assuring you OF the high regard il
which you have always been held b.
the board Of directors, believe US
Very truly yours,
II. A. Richardson, President,
John Cerrow, Secretary. I"